508 Lanier Dr, Madison, TN 37115
OFF MARKET

$245,400

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 940 sqft

508 Lanier Dr, Madison, TN 37115

Rainbow Terrace
Est. Refi. Payment $1,492/mo*
Refinance Your Home
Currently Off Market - Sold Feb 24, 2016 for $60,000

Home Value

Trulia Estimate
$245K
Since last month
Decreased$13K (-5%)
Since last year
Decreased$3K (-1.1%)
Since last sale
Increased$185K (+309%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +132% in the last 10 years
MonthEstimated value
2026
August 2026$245K
August 2026$245K
July 2026$258K
June 2026$252K
May 2026$258K
April 2026$259K
March 2026$254K
February 2026$252K
January 2026$244K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
425 Elm St, Madison, TN
0.38
Single-Family Home
$135,000
05/06/26
2
1
848
542 E Maple St, Madison, TN
0.40
Single-Family Home
$143,000
08/21/26
2
1
840
361 Lanier Dr, Madison, TN
0.26
Single-Family Home
$239,900
07/31/26
2
1
756
313 Elm St, Madison, TN
0.46
Single-Family Home
$210,000
04/14/26
2
1
896
539 Neelys Bend Rd, Madison, TN
0.05
Single-Family Home
$203,500
04/30/26
3
1
1,736
629 Neelys Bend Rd, Madison, TN
0.17
Single-Family Home
$309,791
11/20/25
2
2
1,176
337 Harris St, Madison, TN
0.36
Single-Family Home
$299,999
04/30/26
2
1
849
113 Forest Park Rd, Madison, TN
0.45
Single-Family Home
$172,000
06/05/26
3
1
1,010
704 McCarley Ave, Madison, TN
0.30
Single-Family Home
$289,900
06/18/26
3
1
1,187
411 Lanier Dr, Madison, TN
0.21
Single-Family Home
$200,000
08/18/26
3
2
1,224

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
561 Neelys Bend Rd, Madison, TN 37115
0.04
$399,000
4
2
1,724
Off Market
563 Neelys Bend Rd, Madison, TN 37115
0.06
$275,300
2
1
1,008
Off Market
539 Neelys Bend Rd, Madison, TN 37115
0.05
$203,500
3
1
1,736
Recently Sold
809 Neelys Chase Dr, Madison, TN 37115
0.10
$322,800
3
2
1,165
Off Market
500 Lanier Dr, Madison, TN 37115
0.05
$580,000
5
3
2,300
Recently Sold
116 Margaret St, Madison, TN 37115
0.06
$285,100
4
2
1,572
Off Market
601 Neelys Bend Rd, Madison, TN 37115
0.11
$330,900
2
1
1,299
Off Market
462 Lanier Dr, Madison, TN 37115
0.07
$619,500
4
2
2,403
Off Market
111 Margaret St, Madison, TN 37115
0.10
$355,700
3
1
1,778
Off Market
400 Elaine Ct, Madison, TN 37115
0.15
$318,100
3
2
1,152
Off Market
606 Blackstone Ave, Madison, TN 37115
0.13
$345,000
3
2
1,182
Recently Sold
503 Robbie Ann Ct, Madison, TN 37115
0.17
$285,400
3
2
1,068
Off Market

Local Information

  • Map ViewExplore the area around 508 Lanier Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1950
940 sqft
$261/sqft
Garage

About this House

This single-family home is located at 508 Lanier Dr, Madison, TN. 508 Lanier Dr is in the Rainbow Terrace neighborhood in Madison, TN and in ZIP code 37115. This property has 2 bedrooms, 1 bathroom and approximately 940 sqft of floor space. This property has a lot size of 9583 sqft and was built in 1950.
508 Lanier Dr, Madison, TN 37115 is a 2 bedroom, 1 bathroom, 940 sqft single-family home in Rainbow Terrace, built in 1950. It last sold for $60,000 on Feb 24, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $245,400, with a rent estimate of $1,744/month.

Home Details for 508 Lanier Dr

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 5
Heating & Cooling
Air ConditioningCooling System: Central

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: OtherFoundation Type: Crawl Raised
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1950Year Updated: 1950
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 9583 sqft

Price and Tax history

DateEventPrice
Feb 24, 2016
Source: N/A
Sold
$60,000

Market trends in Nashville

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$465K
$10.33KMoM
Sale-to-List Price
98.7%
0.1%MoM
Price per sq ft
$280
$6MoM
Available listings
4689
39MoM

Around this home

Neighborhood Overview

Rainbow Terrace
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Rainbow Terrace

At least 1 Trulia users voted on each feature.

  • 100 % Say neighbors are friendly

  • 100 % Say they plan to stay for at least 5 years

  • 100 % Say it's walkable to grocery stores

  • 100 % Say it's dog friendly

  • 50 % Say kids play outside

  • 50 % Say there's holiday spirit

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Very good neighbourhood to living in very friendly neighbours feel safe i have lived here for 28 years "
    0
    Flag
  • Speedyhensley
    "We have trigger traders at Halloween lots of Christmas lights in this in a Winter Kids are always outside in the summer Families walking their dogs up-and-down the street Great neighborhood To live in"
    1
    Flag
  • Speedyhensley
    "we have lived here for 24 years very quite and friendly neighborhood all shopping that you need is very close "
    0
    Flag
  • Speedyhensley
    "We have lived in this neighborhood for 23 years I'll neighbors are very friendly and willing to help each other"
    6
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 508 Lanier Dr

  • What is 508 Lanier Dr estimated to be worth?
    Trulia's estimated value for 508 Lanier Dr in Madison, TN is $245,400.
  • What is the price history for 508 Lanier Dr?
    508 Lanier Dr in Madison, TN last sold for $60,000 in February 2016.
  • Is Madison a buyer's or seller's market?
    Madison is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Madison?
    The median sale price in Madison is $465K. That is up $10.33K from the prior month.
  • Does 508 Lanier Dr have air conditioning?
    Yes, 508 Lanier Dr in Madison, TN has air conditioning.
  • How big is the lot at 508 Lanier Dr?
    The lot at 508 Lanier Dr in Madison, TN is about 0.22 acres (9,583 sq ft).

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Apartments for Rent

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Off Market Homes Near 508 Lanier Dr

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