NEO - a boutique 23 unit Non Owner Occupied Short Term Rental eligible downtown condominium building! NEO is designed from the ground up to maximize Airbnb income: sunbathed open floor plans, integrated bunk nooks (increases heads on beds), durable high-end finishes, quartz counters, LVT flooring, high efficiency appliances & HVAC, LED lighting, CAT6 and more. Our building features a stylish gathering lobby, a sky lounge and terrace w/skyline views and plenty of parking. Zoned MUL, these condos are perfect NOO STRP vacation investment properties. NEO is located within walking distance to all of the downtown hotspots! 1 mile to Broadway and an even shorter walk to Ascend Amphitheater, the Convention Center & other downtown SoBro bars and restaurants. Importantly, Neo is the ONLY Airbnb condo building in downtown Nashville that is BOTH approved for conventional financing AND allows you to use any Airbnb management company you want! Ask us about our FLEX CASH or FURNISHING OPTIONS!
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 2023
Living Area: 657 SqFt
Listing Office:
Office Name: Metropolitan Brokers
Office Phone: (615) 945-7123
Listing Agent: Grant Hammond, Broker, ABR, SRS, SFR, ePRO
This property is $29.4K less than the Median Sold Price and $448/SqFt more than other homes in Nashville, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: REALTRAC
MLS Number: #2650278
Listing Office:
Office Name: Metropolitan Brokers
Office Phone: (615) 945-7123
Listing Agent: Grant Hammond, Broker, ABR, SRS, SFR, ePRO
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/20/2024, 2:18:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 02, 2021
Aug 02, 2021Home Sold
$1,300,000
Jul 16, 2018
Jul 16, 2018Home Sold
$665,000
Sep 05, 1990
Sep 05, 1990Home Sold
$30,100
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$929
$22,000
2019
-
$22,000
2018
$694
$22,000
2017
$851
$22,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,812
Per Month
Principal & Interest
$2,495
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$250
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,565
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Pennington Elementary School
2817 Donna Hill Dr
Distance between this listing and this school5.39 miles
Public District Grades PK-4
Middle School
4
/10
Haynes Health/ Medical Science Design Center
510 W Trinity Ln
Distance between this listing and this school4.14 miles
Public District Grades 5-8
3
/10
Two Rivers Middle School
2991 Mcgavock Pike
Distance between this listing and this school5.32 miles
Public District Grades 5-8
High School
4
/10
Metro Nashville Virtual School
2400 Fairfax Ave
Distance between this listing and this school3.10 miles
Public District Grades 1-12
3
/10
McGavock Comprehensive High School
3150 Mcgavock Pike
Distance between this listing and this school4.80 miles
Public District Grades 9-12
Assigned Schools
3
/10
Pennington Elementary School
2817 Donna Hill Dr
Distance between this listing and this school5.39 miles
Public District Grades PK-4
Nearby Schools
4
/10
Napier Elementary Enhancement Option
60 Fairfield Ave
Distance between this listing and this school0.26 miles
Public Magnet Grades PK-4
4
/10
Warner Elementary Enhanced Option School
626 Russell St
Distance between this listing and this school1.27 miles
Public Magnet Grades PK-4
Assigned Schools
4
/10
Haynes Health/ Medical Science Design Center
510 W Trinity Ln
Distance between this listing and this school4.14 miles
Public District Grades 5-8
3
/10
Two Rivers Middle School
2991 Mcgavock Pike
Distance between this listing and this school5.32 miles
Public District Grades 5-8
Nearby Schools
5
/10
Cameron College Preparatory
1034 1st Ave S
Distance between this listing and this school0.60 miles
Public Charter Grades 5-8
Assigned Schools
4
/10
Metro Nashville Virtual School
2400 Fairfax Ave
Distance between this listing and this school3.10 miles
Public District Grades 1-12
3
/10
McGavock Comprehensive High School
3150 Mcgavock Pike
Distance between this listing and this school4.80 miles
Public District Grades 9-12
Nearby Schools
7
/10
Liberty Collegiate Academy
217 S 10th St
Distance between this listing and this school1.44 miles
The neighbors living near this home have an average income of $44,886. Residents of Nashville, TN typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 245 Hermitage Ave
What is the listing price of this property?
The listing price of 245 Hermitage Ave property is $499,900.
What type of property is this?
The property 245 Hermitage Ave is a condo located in Nashville, Tennessee, 37210.
Is this property for sale now?
Active Listing: 245 Hermitage Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 245 Hermitage Ave are: Pennington Elementary School: GreatSchools Rating 3/10Haynes Health/ Medical Science Design Center: GreatSchools Rating 4/10Two Rivers Middle School: GreatSchools Rating 3/10Metro Nashville Virtual School: GreatSchools Rating 4/10McGavock Comprehensive High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $929 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 2, 2021 for $1,300,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 245 Hermitage Ave has 1 bedroom and 1 bathroom.
What is the square footage of this property?
The property 245 Hermitage Ave is 657 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 245 Hermitage Ave is 2023.
This home is located at 245 Hermitage Ave in Nashville, TN and zip code 37210 in the South Nashville neighborhood. This 657 square foot home, which was built in 2023, sits on a 0.20 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $499,900.
In April 2024 more than 111 listings in Nashville, TN were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 339 were sold below. The number of homes for sale in Nashville, TN increased by 11.1% between March 2024 and April 2024. While the average time on the market in April 2024 was 31 days, the median list price was $529,381.
From Rocket Homes Real Estate and based on county public records data.