Charming Remodeled Cottage with Income Potential, Barn Garage & Entertainer’s Dream Deck Welcome to this beautifully remodeled 3-bedroom, 2-bath cottage, where comfort meets opportunity. Updated in 2019, this home features an expansive open-concept kitchen and living area—perfect for gatherings, hosting, or simply relaxing in style. A spacious Master suite with private bath separate from the other bedrooms make it a relaxing area. The large living space opens to a generous deck, ideal for entertaining under the stars or enjoying peaceful outdoor mornings. . Located in the heart of Madison, this home is minutes from Downtown & 15 min. to Opry Mills mall & Opryland Hotel. You can also enjoy grabbing some coffee at Madtown Coffee a minute away and walking convenience to many other restaurants and shopping near by! Sitting on a spacious lot with lots of potential, this property includes a two-story barn-style garage—a fantastic opportunity to convert into additional work space, suite, studio, or a man cave/she shed. This home also holds an active Airbnb certificate and enjoys a strong booking history, currently paying for itself—making it an incredible income-generating investment from day one. Whether you’re an investor, a host, or a homeowner seeking charm and future growth, this property is brimming with potential. Agents/Buyers to confirm all information. . Preferred Lender offering $3000 credit + free appraisal. Call Cecilia Verissimo with NEXA mortgage 615-782-1688
Closed
$390,000
404 Elm St, Madison, TN 37115
3beds
1,216sqft
Single Family Residence, Residential
Built in 1946
9,583.2 Square Feet Lot
$389,800 Zestimate®
$321/sqft
$2,113 Estimated rent
Home value
$389,800
$366,000 - $413,000
$2,113/mo
Zestimate® history
Owner options
List your home for rent
$2,113/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,113/mo
Rent Zestimate®
Refinance and save
$2,231/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,231/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Entertaining under the starsGenerous deckSpacious master suite
Zillow last checked:
Listing updated:
Listing Provided by:
William (Bill) C. Britt 615-681-5857,
Exit Real Estate Solutions
Bought with:
Kevin Rose, 362650
Elam Real Estate
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2824957
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Bedroom 1
- Features: Full Bath
- Level: Full Bath
- Area: 198 Square Feet
- Dimensions: 18x11
Bedroom 2
- Area: 110 Square Feet
- Dimensions: 11x10
Bedroom 3
- Area: 110 Square Feet
- Dimensions: 11x10
Dining room
- Features: Combination
- Level: Combination
- Area: 130 Square Feet
- Dimensions: 13x10
Kitchen
- Area: 180 Square Feet
- Dimensions: 15x12
Living room
- Features: Combination
- Level: Combination
- Area: 374 Square Feet
- Dimensions: 22x17
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Oven, Electric Range, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Open Floorplan, High Speed Internet
- Flooring: Carpet, Laminate
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,216
- Total interior livable area: 1,216 sqft
- Finished area above ground: 1,216
Property
Parking
- Total spaces: 3
- Parking features: Detached, Driveway
- Garage spaces: 1
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Fencing: Chain Link
Lot
- Size: 9,583 sqft
- Dimensions: 50 x 200
- Features: Level
Details
- Parcel number: 04313038000
- Special conditions: Standard
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence, Residential
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available, Cable Connected
Community & neighborhood
Location
- Region: Madison
- Subdivision: Forest Park
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2025 | Sold | $390,000+69.6%$321/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2824957 Report a problem | ||
| 6/14/2019 | Sold | $230,000+78.3%$189/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2027200 Report a problem | ||
| 5/14/2018 | Sold | $129,000+31.8%$106/sqft |
Source: Public Record Report a problem | ||
| 1/20/2005 | Sold | $97,900+51.8%$81/sqft |
Source: Public Record Report a problem | ||
| 5/14/2004 | Sold | $64,500$53/sqft |
Source: Public Record Report a problem | ||
| 3/10/2004 | Sold | $64,500-7.9%$53/sqft |
Source: Public Record Report a problem | ||
| 12/22/2003 | Sold | $69,996-18.5%$58/sqft |
Source: Public Record Report a problem | ||
| 11/30/2000 | Sold | $85,900+59.1%$71/sqft |
Source: Public Record Report a problem | ||
| 9/7/1999 | Sold | $54,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,642 +26.3% | $93,875 +46.1% |
| 2024 | $2,092 | $64,275 |
| 2023 | $2,092 | $64,275 |
| 2022 | $2,092 -1% | $64,275 |
| 2021 | $2,113 -0.6% | $64,275 +27.7% |
| 2020 | $2,125 +33.8% | $50,350 |
| 2019 | $1,589 +16.6% | $50,350 +16.6% |
| 2018 | $1,363 | $43,200 |
| 2017 | $1,363 | $43,200 +63% |
| 2016 | $1,363 +31.1% | $26,500 |
| 2015 | $1,040 | $26,500 |
| 2014 | $1,040 | $26,500 |
| 2013 | -- | $26,500 -7.3% |
| 2012 | -- | $28,600 |
| 2011 | -- | $28,600 |
| 2010 | -- | $28,600 |
| 2009 | -- | $28,600 +12.2% |
| 2008 | -- | $25,500 |
| 2007 | -- | $25,500 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Neighborhood: Heron Walk
Nearby schools
GreatSchools rating
- 4/10Stratton Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Madison Middle PrepGrades: 6-8Distance: 0.7 mi
- 4/10Hunters Lane Comp High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: Stratton Elementary
- Middle: Madison Middle
- High: Hunters Lane Comp High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$389,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$389,800
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Nashville Topics
