504 N Petway St Franklin, TN 37064
Central Franklin NeighborhoodEstimated payment $3,977/month
Highlights
- Deck
- Wood Flooring
- Cottage
- Poplar Grove K-4 Rated A
- No HOA
- Covered Patio or Porch
About This Home
NEW PRICE - MOTIVATED SELLERS! OWNERS HAVE ALREADY MOVED TO BUILD NEW HOME - Bring your clients that want to be near the Historic downtown area of Franklin. Charming Downtown Franklin Home with Backyard Retreat & Guest Quarters Nestled in one of Franklin’s most sought-after neighborhoods, this inviting home offers the perfect blend of small-town charm and modern convenience. Just a short stroll from the vibrant heart of downtown Franklin, you’ll enjoy easy access to local shops, award-winning restaurants, and the city’s lively community events. Step outside to your own private oasis a spacious deck ideal for morning coffee or evening gatherings, and a relaxing sauna to unwind after a long day. The beautifully landscaped backyard also features a fully equipped tiny house complete with a bedroom and bathroom, perfect for use as a guest suite, private office, or potential Short Term Rental income opportunity. With its unbeatable location, thoughtful outdoor spaces, and versatile guest house, this property offers a rare chance to embrace the Franklin lifestyle to the fullest.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,162
Year Built
- Built in 1952
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 60 x 150
- Level Lot
Home Design
- Cottage
- Metal Roof
- Vinyl Siding
Interior Spaces
- 1,282 Sq Ft Home
- Property has 1 Level
- Combination Dining and Living Room
- Wood Flooring
- Washer and Electric Dryer Hookup
Kitchen
- Built-In Electric Oven
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Gravel Driveway
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- Franklin Elementary School
- Poplar Grove 5-8 Middle School
- Franklin High School
Utilities
- Central Heating and Cooling System
- High-Efficiency Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Petway Place Subdivision
Listing and Financial Details
- Assessor Parcel Number 094078B G 03900 00009078G
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 | $2,161 | $135,075 | $81,250 | $53,825 |
| 2024 | $2,161 | $76,350 | $33,750 | $42,600 |
| 2023 | $2,077 | $76,350 | $33,750 | $42,600 |
| 2022 | $1,929 | $70,900 | $33,750 | $37,150 |
| 2021 | $1,929 | $70,900 | $33,750 | $37,150 |
| 2020 | $1,370 | $42,475 | $15,000 | $27,475 |
| 2019 | $1,370 | $42,475 | $15,000 | $27,475 |
| 2018 | $1,340 | $42,475 | $15,000 | $27,475 |
| 2017 | $1,319 | $42,475 | $15,000 | $27,475 |
| 2016 | $0 | $42,475 | $15,000 | $27,475 |
| 2015 | -- | $31,225 | $8,750 | $22,475 |
| 2014 | -- | $31,225 | $8,750 | $22,475 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2025 11/17/25 | Price Changed | $719,000 | -0.8% | $561 / Sq Ft | |
| 11/15/2025 11/15/25 | Price Changed | $725,000 | -3.3% | $566 / Sq Ft | |
| 10/16/2025 10/16/25 | Price Changed | $749,900 | -3.7% | $585 / Sq Ft | |
| 09/30/2025 09/30/25 | For Sale | $779,000 | 0.0% | $608 / Sq Ft | |
| 08/23/2025 08/23/25 | Pending | -- | -- | -- | |
| 08/15/2025 08/15/25 | For Sale | $779,000 | +183.3% | $608 / Sq Ft | |
| 02/19/2020 02/19/20 | Sold | $275,000 | -9.8% | $223 / Sq Ft | View Prior Sale |
| 01/17/2020 01/17/20 | Pending | -- | -- | -- | |
| 10/21/2019 10/21/19 | For Sale | $305,000 | -- | $247 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $660,000 | Tennessee Title | |
| Warranty Deed | $275,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $640,200 | New Conventional | |
| Previous Owner | $233,750 | New Conventional |
Source: Realtracs
MLS Number: 2975119
APN: 078B-G-039.00
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