503 N Petway St Franklin, TN 37064
Central Franklin NeighborhoodEstimated payment $3,649/month
Highlights
- No HOA
- Cooling Available
- Concrete Flooring
- Franklin Elementary School Rated A
- 4 Car Garage
- Heating Available
About This Home
Nestled in the heart of historic Franklin, 503 N Petway St is a rare and charming opportunity to own a piece of one of Middle Tennessee’s most sought-after neighborhoods. Priced at $750,000, this 1,153 sq. ft. business sits on a manageable and desirable 0.17-acre lot, making it ideal for those who want to be close to downtown without the upkeep of a large property. Originally built in 1940, this property is brimming with character and ready for someone with vision—whether you’re looking to renovate, restore, or rebuild. Zoned residential and walking distance to Main Street, it’s one of the most exciting chances to get into Franklin’s historic core. Come explore the potential and imagine what’s possible!
Listing Agent
Zeitlin Sotheby's International Realty Brokerage Phone: 7148150078 License #321146 Listed on: 06/19/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,309
Year Built
- Built in 1940
Parking
- 4 Car Garage
Interior Spaces
- 1,153 Sq Ft Home
- Property has 1 Level
- Concrete Flooring
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 0.5 Bathroom
Schools
- Franklin Elementary School
- Freedom Middle School
- Centennial High School
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
- Lynhurst Subdivision
Listing and Financial Details
- Tax Lot 17, 18
- Assessor Parcel Number 094078G B 04300 00109078G
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,310 | $81,875 | $48,750 | $33,125 |
| 2024 | $1,310 | $46,250 | $33,750 | $12,500 |
| 2023 | $1,259 | $46,250 | $33,750 | $12,500 |
| 2022 | $1,259 | $46,250 | $33,750 | $12,500 |
| 2021 | $1,259 | $46,250 | $33,750 | $12,500 |
| 2020 | $502 | $15,550 | $4,500 | $11,050 |
| 2019 | $502 | $15,550 | $4,500 | $11,050 |
| 2018 | $491 | $15,550 | $4,500 | $11,050 |
| 2017 | $483 | $15,550 | $4,500 | $11,050 |
| 2016 | $482 | $15,550 | $4,500 | $11,050 |
| 2015 | -- | $12,775 | $2,625 | $10,150 |
| 2014 | -- | $12,775 | $2,625 | $10,150 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2025 10/28/25 | Price Changed | $675,000 | -10.0% | $585 / Sq Ft |
| 06/19/2025 06/19/25 | For Sale | $750,000 | -- | $650 / Sq Ft |
Source: Realtracs
MLS Number: 2920757
APN: 078G-B-043.00-001
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