NOT LISTED FOR SALE

2031 Old Natchez Trace Franklin, TN 37069

Estimated Value: $2,239,000 - $6,159,000

3 Beds
2.5 Baths
4,559 Sq Ft
$950/Sq Ft Est. Value

Last Sold February 11, 2015

Last sale price $3,100,000 $680 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $22,780/month

Highlights

  • Guest House
  • Barn
  • 34.38 Acre Lot
  • Grassland Elementary School Rated A
  • In Ground Pool
  • Traditional Architecture

About This Home

As of February 2015

Known as "Old Town" built in 1846. Restored in 1991. 2 Guest houses. Large Barn. Beautiful and unique property. Historical Registered home.

Last Agent to Sell the Property

Steve Fridrich

Fridrich & Clark Realty License # 19531 Listed on: 01/30/2015

Fridrich & Clark Realty

Last Buyer's Agent

Steve Fridrich

Fridrich & Clark Realty License # 19531 Listed on: 01/30/2015

Fridrich & Clark Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,421

Year Built

  • Built in 1846

Lot Details

  • 34.38 Acre Lot
  • Fenced Front Yard

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 4,559 Sq Ft Home
  • Property has 2 Levels
  • 8 Fireplaces
  • Separate Formal Living Room
  • Screened Porch
  • Storage
  • Wood Flooring
  • Crawl Space

Kitchen

  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Grassland Elementary School
  • Grassland Middle School
  • Franklin High School

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Additional Features

  • In Ground Pool
  • Guest House
  • Barn

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 094026 01602 00006026

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,421

Year Built

Built in 1846

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 1846
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: HIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Storage, Utility Connection
  • Appliances: Disposal, Microwave
  • Fireplace: Yes
  • Fireplaces: 8
  • Flooring: Finished Wood
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 4559
  • Building Area Units: Square Feet
  • Living Area: 4559
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Barn(s), Carriage/Guest House
  • Construction Type: Frame, Wood Siding
  • Fencing: Front Yard
  • Patio And Porch Features: Screened, Porch
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time
  • Senior Community: No

Lot Info

  • Lot Size Acres: 34.38
  • Lot Size Units: Acres
  • Parcel #: 094026 01602 00006026
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 8421

MLS Schools

  • Elementary School: Grassland Elementary
  • High School: Franklin High School
  • Middle Or Junior School: Grassland Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2016
Sold by
Maclellan Leslie S and The Saponi Trust
Bought by
Old Town Land Llc
Current Estimated Value
$4,330,640

Purchase Details

Listed on
Jan 30, 2015
Closed on
Feb 3, 2015
Sold by
Old Town 2031 Llc
Bought by
Chapman William T and Saponi Trust
Seller's Agent
Steve Fridrich
Fridrich & Clark Realty
Buyer's Agent
Steve Fridrich
Fridrich & Clark Realty
List Price
$154,900
Sold Price
$3,100,000
Premium/Discount to List
$2,945,100
1901.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%
Original Mortgage
$2,325,000
Outstanding Balance
$787,651
Interest Rate
3.15%
Mortgage Type
New Conventional
Estimated Equity
$3,542,989

Purchase Details

Closed on
Jun 14, 2012
Sold by
Cromling Maureen M and Cromling Bill
Bought by
Old Towne 2031 Llc

Purchase Details

Closed on
May 9, 1999
Sold by
Ellingson David M and Ellingson Kim Carnes
Bought by
Cromling Maureen M and Cromling Bill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Old Town Land Llc -- Chapman & Rosenthal Title In
Chapman William T $3,100,000 Chapman & Rosenthal Title In
Old Towne 2031 Llc -- None Available
Cromling Maureen M $1,680,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chapman William T $2,325,000
Previous Owner Cromling Maureen M $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2017 08/01/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $154,900 -95.0% $34 / Sq Ft
02/11/2015 02/11/15 Sold $3,100,000 -- $680 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $547,425 $292,600 $254,825
2024 -- $353,500 $146,300 $207,200
2023 $0 $353,500 $146,300 $207,200
2022 $6,646 $353,500 $146,300 $207,200
2021 $6,646 $353,500 $146,300 $207,200
2020 $5,796 $261,100 $97,525 $163,575
2019 $5,796 $261,100 $97,525 $163,575
2018 $5,614 $261,100 $97,525 $163,575
2017 $5,614 $261,100 $97,525 $163,575
2016 $0 $587,800 $357,550 $230,250
2015 -- $364,550 $203,275 $161,275
2014 -- $364,550 $203,275 $161,275
Source: Public Records

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Map

Source: Realtracs

MLS Number: 1606531

Realtracs

APN: 026-016.02