NOT LISTED FOR SALE

Estimated Value: $855,000 - $910,803

4 Beds
2.5 Baths
3,012 Sq Ft
$292/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $647,500 $215 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,011/month

3 Days on Market

Highlights

  • Sound Studio
  • Colonial Architecture
  • 1 Fireplace
  • Franklin Elementary School Rated A
  • Wood Flooring
  • Separate Formal Living Room

About This Home

As of May 2021

Welcome home to this beautiful light-filled retreat in coveted Polk Place, just minutes to downtown Franklin. Walk into a gorgeous open-concept living space, complete with a formal dining room and separate office with built-in shelving. Four bedrooms upstairs include a large owner's suite with an updated bathroom and two walk-in closets. The bonus room is a studio space perfect for any musician/producer, yet can easily be reconverted back to a large recreation room.

Last Agent to Sell the Property

Shannon Cowart

Compass RE License #337163 Listed on: 04/16/2021

Compass RE

Last Buyer's Agent

Tiffany Kling

Compass RE License # 346995

Compass RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,165

Year Built

  • Built in 1998

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 73 x 140
  • Back Yard Fenced

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,012 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Separate Formal Living Room
  • Sound Studio
  • Interior Storage Closet
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Patio
  • Porch

Schools

  • Franklin Elementary School
  • Freedom Middle School
  • Centennial High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 094090F B 04300 00009090F

Community Details

Overview

  • Association fees include ground maintenance, recreation facilities
  • Polk Place Sec 7 Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,165

Year Built

Built in 1998

Lot Details

0

HOA Fees

$31 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 1998
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Extra Closets, Recording Studio, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Finished Wood, Tile
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 3012
  • Building Area Units: Square Feet
  • Living Area: 3012
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Fencing: Back Yard
  • Patio And Porch Features: Patio, Porch
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached - Front, Aggregate
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Central
  • Heating Yn: Yes
  • Security: Fire Alarm

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Recreation Facilities
  • Association Fee: 375
  • Association Fee Frequency: Annually
  • Amenities: Pool
  • Association: Yes
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size: 73 X 140
  • Lot Size Units: Acres
  • Parcel #: 094090F B 04300 00009090F
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 3165

MLS Schools

  • Elementary School: Franklin Elementary
  • High School: Centennial High School
  • Middle Or Junior School: Freedom Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
May 25, 2021
Sold by
Smith Keith E and Smith Tasha L
Bought by
Marass Ashley and Marass Jason Keith
Seller's Agent
Shannon Cowart
Compass RE
Buyer's Agent
Tiffany Kling
Compass RE
List Price
$585,000
Sold Price
$647,500
Premium/Discount to List
$62,500
10.68%
Current Estimated Value
$879,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,451
Avg. Annual Appreciation
7.17%
Original Mortgage
$548,250
Outstanding Balance
$502,446
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$370,149

Purchase Details

Listed on
Apr 16, 2016
Closed on
Sep 9, 2016
Sold by
Knopp Philip G and Knopp Michelle A
Bought by
Smith Keith E and Smith Tasha L
Seller's Agent
Janis Martin
Keller Williams Realty Nashville/Franklin
Buyer's Agent
Jason Cox
Parks Compass
List Price
$800,000
Sold Price
$428,000
Premium/Discount to List
-$372,000
-46.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.19%
Original Mortgage
$406,600
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2002
Sold by
Relocation Resources International Inc
Bought by
Knopp Philip G and Knopp Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,920
Interest Rate
6.79%

Purchase Details

Closed on
Feb 6, 2002
Sold by
Gum Taunya A and Gum Brian E
Bought by
Relocation Resources International Inc

Purchase Details

Closed on
Feb 18, 1999
Sold by
Cain Properties Inc
Bought by
Gum Brian E and Gum Taunya A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,150
Interest Rate
6.79%

Purchase Details

Closed on
Mar 9, 1998
Sold by
Polk Place Two Lp
Bought by
Cain Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.07%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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
Marass Ashley $647,500 Centennial Title Company Inc
Smith Keith E $428,000 None Available
Knopp Philip G $264,900 Bankers Title & Escrow Corp
Relocation Resources International Inc $281,000 Bankers Title & Escrow Corp
Gum Brian E $246,900 --
Cain Properties Inc $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marass Ashley $60,000
Open Marass Ashley $548,250
Previous Owner Smith Keith E $382,000
Previous Owner Smith Keith E $406,600
Previous Owner Knopp Philip G $155,979
Previous Owner Knopp Philip G $212,900
Previous Owner Knopp Philip G $211,920
Previous Owner Gum Brian E $185,150
Previous Owner Cain Properties Inc $200,000
Closed Gum Brian E $49,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2021 05/25/21 Sold $647,500 +10.7% $215 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $585,000 +36.7% $194 / Sq Ft
05/22/2019 05/22/19 Off Market $428,000 -- --
05/01/2019 05/01/19 For Sale $800,000 0.0% $268 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/01/2019 03/01/19 Price Changed $800,000 -5.3% $268 / Sq Ft
09/04/2018 09/04/18 For Sale $844,700 +97.4% $283 / Sq Ft
09/09/2016 09/09/16 Sold $428,000 -- $143 / 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
2024 $3,498 $123,550 $32,500 $91,050
2023 $3,362 $123,550 $32,500 $91,050
2022 $3,362 $123,550 $32,500 $91,050
2021 $3,362 $123,550 $32,500 $91,050
2020 $3,165 $98,100 $20,000 $78,100
2019 $3,165 $98,100 $20,000 $78,100
2018 $3,097 $98,100 $20,000 $78,100
2017 $3,048 $98,100 $20,000 $78,100
2016 $0 $98,100 $20,000 $78,100
2015 -- $84,075 $20,000 $64,075
2014 -- $84,075 $20,000 $64,075
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2244851

Realtracs

APN: 090F-B-043.00