RealtyLens
for saleRealtyLens property overview
$239,900

361 Lanier Dr

Madison, TN, 37115
View more Madison, TN property pages
2Beds
1Baths
756Sqft
$317$/sqft

Listing Notes

3 Madison Properties sold together- 361 Lanier Dr(house), 1440 E. Cedar Ln (duplex)MLS-3198462, and 924 Idlewild Dr(Zero lot line)MLS- 3198588. Price is $810,000 for all 3. 361 Lanier Dr is a cute 2 bed 1 bath house on a large corner lot. Large bedrooms! Would make an awesome rental property! Rental values in the area for 2 bedrooms range from $1,500-$2,000/mo. Home needs some cosmetic updates, but great bones! Buyers to verify all pertinent information.

Market Insights

Above nearby median+42%

$317/sqft vs a nearby median of $223/sqft.

Nearby median$223/sqft
Nearby properties8
Property size756 sqft
  • +42% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 756 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$166k$154k$178k · 70% confidence
vs ask $240k+$74k (+30.8%)

Asking price is about 30.8% above where comps + adjustments land — there is room to negotiate.

$223/sqft median across 8 tight comps × 756 sqft= $169k
  • Sparse street life−$3k −1.5%
Cumulative NYC adjustments−$3k−1.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+42% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
4 days
Last price change
No change recorded
Listed
May 8, 2026
Photos
20 photos
Property type
single family
Status
for sale
Last sold
Nov 16, 2001 · $49,500

Features & Amenities

Central AirCentral HeatDishwasherHardwood FloorsPets AllowedSingle StoryCorner LotRental PropertyBig LotOversized LotFixer Upper

Photos

Price History

May 8, 2026Initial record
$239,900for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.