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Backup Offers

408 N Petway St, Franklin, TN, 37064

$475,000

Home List Price

$5,641*

Closing Credit

2 Bedrooms
1 Full Bath
1,281 SqFt
$371/SqFt
House

Location

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408 N Petway St, Franklin$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAsphalt, Driveway
Year Built1954
HeatingNatural Gas
CoolingCentral Air
MLS #2756499
Lot Size0.28 Acres
StatusAccepting Backup Offers
(Under Contract - Showing)

About 408 N Petway St

Welcome to this charming cottage located at 408 North Petway Street in Downtown Franklin, TN! This cozy one-story home, built in 1954, offers 806 square feet of living space on a generous .28-acre lot. With a spacious family room and real hardwood floors throughout the entire home, this adorable home includes two spacious bedrooms and one bathroom and features a welcoming front porch in this quaint downtown Franklin neighborhood. This home is within walking distance to all the shops on Main in Franklin’s highly desirable downtown hotspot. To make this an even sweeter deal, behind the main home there is also a full apartment, with approximately 475 sf of living space, equipped with a kitchen and shower with a newer HVAC mini-split that was installed in 2020. This would be perfect for a mother-in-law suite or a sweet apartment for an adult child that is still living at home. Apartment and/or main house could also potentially be an Airbnb pending city approval. Home is livable but there is a large backyard that would also be perfect to build a brand new home. The options are endless on this one. Don't miss this amazing investment opportunity before it's gone.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1954
  • Living Area: 1,281 SqFt

Listing Office:

  • Office Name: Compass RE
  • Office Phone: (615) 970-9545
  • Listing Agent: Ali Eastburn

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Finished Wood, Tile
  • Interior: High Speed Internet

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Carriage/Guest House, Storage

Parking Information:

  • Attached Garage: No
  • Parking: Asphalt, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Main Street, go west on North Petway and the home will be the second one on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $371/SqFt

Tax Information:

  • Annual Amount: $983
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Franklin, TN.

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Franklin, TN

City

Med. Sold Price

$889.4K

Med. Price/SqFt

$318

Avg. Days On Market

32

# of Sold Homes

126

408 N Petway St vs Franklin

11 DAYS ON ROCKET

-21 Days

$475,000

-$414.4K Less

$371/SqFt

+$52 More

KEY TAKEAWAY

This property is $414.4K less than the Median Sold Price and $52/SqFt more than other homes in Franklin, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REALTRAC
  • MLS Number: #2756499

Listing Office:

  • Office Name: Compass RE
  • Office Phone: (615) 970-9545
  • Listing Agent: Ali Eastburn

IDX 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.

IDX© 2024 of the REALTRACS MLS. All rights Reserved.

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: 11/17/2024, 8:18:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 24, 2002Home Sold
$133,900
Dec 18, 2001Home Sold
$112,500

Tax History

YEARPROP. TAXASSESSMENT
2020$983$36,550
2019$983$36,550
2018$983$36,550
2017$983$36,550

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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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.

Nearby Schools

school-card-donut-423184
6
/10

  • Johnson Elementary School

  • 815 Glass Ln

  • 0.46 miles

  • Public District Grades PK-4

school-card-donut-423185
6
/10

  • Freedom Intermediate School

  • 840 Glass Ln

  • 0.57 miles

  • Public District Grades 5-6

school-card-donut-423186
8
/10

  • Franklin Elementary School

  • 1501 Figuers Dr

  • 0.67 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,841. Residents of Franklin, TN typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Franklin, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Franklin, TN.

Franklin's housing market showcases a blend of historic charm and modern convenience, with a significant presence of single-family homes that echo the town's rich history. Architectural styles range from classic Victorian and Colonial to contemporary designs, reflecting the area's growth and evolving tastes. The market is diverse, with a mix of upscale estates, mid-range family homes, and more affordable condominiums and townhouses, accommodating a variety of preferences and budgets.

What is it like to live in Franklin, TN?

Franklin is celebrated for its vibrant community spirit and picturesque downtown area, which is dotted with boutique shops, local eateries, and historic sites. The town prides itself on its cultural events, including the Main Street Festival and Dickens of a Christmas, which draw visitors and locals alike into the heart of the community. The character of Franklin is further defined by its green spaces and commitment to preserving its historical roots, offering a blend of small-town warmth and cultural richness.

Is it easy to get around Franklin, TN without a car?

The community benefits from a robust educational system, with multiple public and private schools providing quality education from elementary through high school levels. Healthcare services are comprehensive, with several clinics and a major hospital that offers a range of specialties. The public library system is active, hosting various community programs and events. Retail and dining options are plentiful, with an emphasis on local businesses that contribute to Franklin's unique charm and economy.

Transportation in Franklin, TN.

Franklin's transport infrastructure caters to both private vehicle owners and those who prefer public transit. The road network includes major thoroughfares that connect residents to nearby cities and amenities. Public transportation options are available, with routes designed to serve key areas of the community. The town also promotes walkability, particularly in the downtown district, and has made efforts to improve bike lanes and pedestrian paths to encourage eco-friendly modes of travel.

Frequently Asked Questions About 408 N Petway St

What is the listing price of this property?

The listing price of 408 N Petway St property is $475,000.

What type of property is this?

The property 408 N Petway St is a house located in Franklin, Tennessee, 37064.

Is this property for sale now?

Accepting Backup Offers: 408 N Petway St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $983 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 24, 2002 for $133,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 408 N Petway St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 408 N Petway St is 1,281 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 408 N Petway St is 1954.

Rocket Homes›Tennessee›Williamson County›Franklin›37064›408 N Petway St

This home is located at 408 N Petway St in Franklin, TN and zip code 37064. This 1,281 square foot home, which was built in 1954, sits on a 0.28 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $475,000.

Over 15 listings were sold over their listed price in October 2024 in Franklin, TN. In the same period over 84 listings were sold below the listed price and 27 listings were sold for the listed price. The inventory of homes for sale in Franklin, TN between September 2024 and October 2024 increased by 9%. The median list price of listings available in October 2024 was $889,494, while the average time on the real estate market was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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