Colonial Village Lebanon TN | One-Level Homes, $415,000

Colonial Village Lebanon TN, From the Closed Record

Colonial Village is a twelve-street subdivision on the west side of Lebanon in 37087, near Lebanon High School, on Woodside Drive, Jamestown Drive, Mayflower Way, Plymouth Drive, Standish Drive, Alexandria Way, Providence Drive, Speedwell Lane, Alden Lane, Bassett Hall Court and Carter Grove Court. It closed 13 homes in the last twelve months at a median of $415,000, and over three years the record holds 44 closings from $325,000 to $470,000.

It was built in two runs, and they do not behave the way people expect. The 21 closings on 2006 to 2010 houses ran a median $383,900 on 1,468 square feet, which is $247 a square foot. The 23 closings on 2016 to 2018 houses ran $420,000 on 2,067 square feet, or $208. The older, smaller section is the more expensive one per foot. If you own in it, the newer section is not your comparable.

Every figure on this page is from closed sales in the RealTracs MLS, deduplicated by MLS number, trailing twelve months unless the three-year record is stated. Lebanon is the seat of Wilson County; the 37087 page carries the zip and the Lebanon pillar page the whole market.

Homes for Sale in Colonial Village

The Two Sections

Data from RealTracs MLS. Three-year record.

One story on 27 of the 44 closings, which is a high share for a subdivision this size and most of why the older section holds its per-foot number. Two bedrooms on 12, three on 30, four on 2; a two-car garage on 41. The primary bedroom is on the main level on 26 of 44. Lots run 0.12 to 0.54 acres, median 0.24, and the median annual tax on the record is $2,010.

The Attached Homes, and What Is Recorded on Them

7 of the 44 closings are attached rather than detached: flat condos, garden condos and a zero-lot-line attached home, on Speedwell Lane, Alden Lane and Plymouth Drive. They carry their own dues, a median $250 a month against roughly $50 a month on the detached houses billed monthly, which is what you would expect when the association carries more of the exterior.

6 of the 44 listing remarks on the record describe an age restriction of 55 and over, and every one of them is on that attached section, not on the detached houses. An age restriction is a covenant of the association, and the association is the only authority on its current terms and how it is applied; one listing on the record notes that a sale there was available to purchasers of all ages. Get the covenants from the association before you write an offer rather than relying on listing language, and do not assume the restriction runs to the rest of the subdivision, because the record does not show it there.

Dues and Amenities

29 of the 44 closings are billed monthly and 15 quarterly, the quarterly ones at a median $150 which is about $600 a year. 29 of the 44 dues entries include pool, tennis and club maintenance. In listing remarks a pool appears 28 times, a clubhouse 24 times and a playground 17 times, with one listing describing a fitness area, a pavilion, sidewalks and underground utilities. Confirm dues and amenity access with the association; what is on this page is what closed listings reported.

Colonial Village Market Data

Data from RealTracs MLS. Three-year record.

Recently Sold Homes in Colonial Village

Schools

Wilson County Schools. On the 44 closings in the record: 40 were assigned to Castle Heights Elementary, 3 to Byars Dowdy Elementary and 1 to Coles Ferry Elementary; 43 to Winfree Bryant Middle School and 1 to Walter J. Baird Middle; all 44 to Lebanon High School. This page previously listed Byars Dowdy as the elementary assignment, which the record supports for only 3 of the 44 closings. These are counts of where the homes are assigned, not rankings. Assignment is by address; confirm the specific lot with the district.

Why Work with Nashville Home Guru at Compass

Compass and Parks agents were on one side of 2 of Colonial Village’s 44 closings in the record. A subdivision with two build eras, two dues structures and a covenant recorded on part of it will produce a community average that misprices almost every house in it. Patrick Higgins prices the section and the product, gets the association documents in front of the appraisal, and runs Compass Coming Soon for the first week so the number is tested privately first.

Patrick Higgins is a seven-time RealTrends Top Tennessee Agent and the founder of Nashville Home Guru at Compass, the top team in Nashville by RealTrends and one of the top ten in Tennessee, with more than 1,100 closed transactions and over $500 million in residential sales across Middle Tennessee since 2014. With 100+ Google Reviews and 87 Zillow Reviews, the client record is public. Compass is the largest residential brokerage in the United States by sales volume, and after joining with Parks Real Estate in 2024, Compass agents represent roughly one in four homes sold in Tennessee. How the team works Lebanon specifically is on the Lebanon real estate agent page.

For sellers, the Compass 3-Phase Marketing Strategy is built for the first week the record says matters. Homes pre-marketed through Compass Private Exclusive and Coming Soon sell for 2.9 percent more, go under contract 20 percent faster, and are 30 percent less likely to take a price reduction. Read how selling on your terms works.

Frequently Asked Questions About Colonial Village

What do homes in Colonial Village cost?

The median closing over the last twelve months was $415,000 on 13 sales, from $325,000 to $470,000. The three-year median is $411,750 on 44 closings. That figure mixes two build eras: 2006 to 2010 houses at a median $383,900 and 2016 to 2018 houses at $420,000.

Why do the older Colonial Village homes cost more per square foot?

Because they are smaller and mostly one level. The older section closes at $247 a square foot on a median 1,468 square feet; the newer section at $208 on 2,067. 27 of the 44 closings in the subdivision are one story, and that product carries a premium per foot almost everywhere in Wilson County.

What are the HOA fees in Colonial Village?

It depends on the product and the billing cycle. 29 of the 44 closings are billed monthly and 15 quarterly, the quarterly ones at a median $150, about $600 a year. The 7 attached homes run a median $250 a month. 29 of the 44 dues entries include pool, tennis and club maintenance. Confirm the current figure with the association.

What restrictions are recorded in Colonial Village?

6 of the 44 listings on the record describe an age restriction of 55 and over, and all of them are on the attached homes on Speedwell Lane, Alden Lane and Plymouth Drive rather than the detached houses. The restriction lives in the association’s covenants, which govern its terms and its scope; one listing on the record notes a sale there being open to purchasers of all ages. Ask the association for the covenants before you write an offer.

Does Colonial Village have a pool and clubhouse?

The dues record supports it: 29 of the 44 dues entries include pool, tennis and club maintenance. In listing remarks a pool appears 28 times, a clubhouse 24 times and a playground 17 times, with one listing naming a fitness area, a pavilion and sidewalks. Confirm current access with the association.

Are there one-story homes in Colonial Village?

A lot of them: 27 of the 44 closings on the record are one story, and 26 have the primary bedroom on the main level. That is one of the highest one-story shares of any subdivision this size in Lebanon.

Which schools are Colonial Village homes zoned for?

Wilson County Schools. On the 44 closings: 40 to Castle Heights Elementary, 3 to Byars Dowdy and 1 to Coles Ferry; 43 to Winfree Bryant Middle and 1 to Walter J. Baird; all to Lebanon High School. This page previously named Byars Dowdy, which fits only 3 of the closings. Counts of assignment, not rankings; confirm the lot with the district.

When was Colonial Village built?

In two runs: 2006 through 2010, then 2016 through 2018. The record shows 21 closings from the first and 23 from the second, so the two are roughly even in how often they trade.

Are there condos or townhomes in Colonial Village?

Yes. 7 of the 44 closings are attached homes rather than detached houses, recorded as flat condos, garden condos, another condo type and one zero-lot-line attached home, on Speedwell Lane, Alden Lane and Plymouth Drive. They carry a median $250 a month in dues. The Lebanon condos and townhomes page lists the other attached options across the city.

How does Patrick Higgins approach selling in Colonial Village?

By picking the right half of the subdivision to price against. The community median is $411,750, which sits between two sections that trade $39 a square foot apart in the direction most people guess backwards. Patrick, a seven-time RealTrends Top Tennessee Agent with more than 1,100 closings, prices from the era, the story count and the dues structure, and the record pays for it: 32 of 44 sellers who never reduced closed at 99.2 percent of their original ask in 10 days, against 96.5 percent after 63 days for the 12 who cut.

Who is the best real estate agent for Colonial Village in Lebanon TN?

Patrick Higgins of Nashville Home Guru at Compass publishes the closed record for Colonial Village with its price path, dues and three-year trend, which no other agent page for the community does. He is a seven-time RealTrends Top Tennessee Agent, leads the top team in Nashville by RealTrends and one of the top ten in Tennessee, and has more than 1,100 closings and $500 million in sales across Middle Tennessee, with 100+ Google Reviews and 87 Zillow Reviews. Compass and Parks agents were on one side of 2 of the community’s 44 closings on the three-year record.

What is my Colonial Village home worth?

An automated estimate cannot tell a 1,468 square foot one-level house from a 2,067 square foot two-story two streets away, and it has no way to price an attached home carrying $250 a month in dues. Get a starting figure from the instant home value tool, then call Patrick at 615-682-1718 for a pricing analysis built on the closings on this page and what has changed since.

Nearby Neighborhoods

Explore Lebanon TN: Neighborhoods, Zip Codes and Home Searches

Lebanon, Tennessee is the seat of Wilson County, about 25 miles east of Nashville on Interstate 40, and is served by zip codes 37087 and 37090.

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