RealtyLens
for saleRealtyLens property overview
$229,900

1440 E Cedar Ln

Madison, TN, 37115
View more Madison, TN property pages
3Beds
2Baths
1,227Sqft
$187$/sqft

Listing Notes

3 Madison Properties sold together- 1440 E. Cedar Ln (Zero Lot Line), 924 Idlewild Dr(Duplex)MLS- 3198588, and 361 Lanier Dr(house)MLS- 3198593. Price is $810,000 for all 3. 1440 E. Cedar is a great home featuring a large living room and fireplace, 1 car garage, and spacious master bedroom. Home is need of some cosmetic updates but great bones! Would make a great rental property, as rental prices for 3 bedrooms range $1,600-$1,800 in the area.

Market Insights

Below nearby median-24%

$187/sqft vs a nearby median of $245/sqft.

Nearby median$245/sqft
Nearby properties8
Property size1,227 sqft
  • -24% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,227 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$296k$275k$317k · 70% confidence
vs ask $230k−$66k (−28.7%)

Asking price is about 28.7% below the fair value — likely to draw competing offers if it's still on market.

$245/sqft median across 7 tight comps × 1,227 sqft= $301k
  • Mid-century building era−$5k −1.5%
Cumulative NYC adjustments−$5k−1.5%

Property Read

FreshnessVerification recommended

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

Market Position-24% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

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
29 photos
Property type
townhomes
Status
for sale

Photos

Price History

May 8, 2026Initial record
$229,900for 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.