5500 Iron Gate Dr Franklin, TN 37069
Estimated Value: $1,656,000 - $2,995,873
5
Beds
7
Baths
6,958
Sq Ft
$374/Sq Ft
Est. Value
Highlights
- Clubhouse
- Traditional Architecture
- 2 Fireplaces
- Grassland Elementary School Rated A
- Wood Flooring
- Separate Formal Living Room
About This Home
As of April 2020This gorgeous estate home has 3 bedrooms on main level, 1 up, and 1 basement suite. Architectural details include coffered ceilings, wainscoting thruout, french doors, built-ins, theater room, custom wine cellar, complete party room with full bar. Outdoor area includes covered dining, scored concrete, stacked stone FP, outdoor grill & wet bar, play area and gorgeous landscaping. 3 car garage + golf cart garage rounds out this amazing luxury home in Laurelbrooke - gated and 24 hour security.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,938
Year Built
- Built in 2014
Lot Details
- 0.56 Acre Lot
- Lot Dimensions are 130 x 195
HOA Fees
- $299 Monthly HOA Fees
Parking
- 3 Car Garage
- Garage Door Opener
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- Property has 3 Levels
- Wet Bar
- 2 Fireplaces
- Separate Formal Living Room
- Interior Storage Closet
- Finished Basement
Kitchen
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms | 3 Main Level Bedrooms
- Walk-In Closet
- In-Law or Guest Suite
Outdoor Features
- Covered patio or porch
Schools
- Grassland Elementary School
- Grassland Middle School
- Franklin High School
Utilities
- Cooling Available
- Central Heating
- Underground Utilities
Listing and Financial Details
- Assessor Parcel Number 094013A C 00300 00007013A
Community Details
Overview
- Association fees include recreation facilities
- Laurelbrooke Sec 11F Subdivision
Recreation
- Tennis Courts
- Community Pool
- Trails
Additional Features
- Clubhouse
- Security Guard
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2019
Closed on
Apr 10, 2020
Sold by
Smith Mark and Smith Brandi
Bought by
Connors George and Connors Elizabeth
Seller's Agent
Alexander Brandau
Aperture Global
Buyer's Agent
Jack Gaughan
RE/MAX Choice Properties
List Price
$1,875,000
Sold Price
$1,650,000
Premium/Discount to List
-$225,000
-12%
Total Days on Market
266
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$952,468
Avg. Annual Appreciation
9.29%
Original Mortgage
$1,150,000
Outstanding Balance
$1,026,116
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,576,352
Purchase Details
Closed on
Oct 24, 2014
Sold by
Laurelbrooke Development Llc
Bought by
Smith Mark David and Smith Brandi Piper
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 2, 2014
Sold by
Legacy Homes Of Tn Llc
Bought by
Laurelbrooke Development Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
4.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 3, 2013
Sold by
Campbell Ernie V and Campbell Gretchen
Bought by
Legacy Homes Of Tn Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,900
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 28, 2011
Sold by
Southern Land Company Llc
Bought by
Campbell Ernie and Campbell Gretchen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
4.53%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 29, 2005
Sold by
Vaughn Road Partners
Bought by
Southern Land Co Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,060,000
Interest Rate
5.99%
Mortgage Type
Construction
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Franklin, TN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Connors George | $1,650,000 | Foundation Title & Escrow | |
| Smith Mark David | $1,483,777 | American Title & Escrow Svcs | |
| Laurelbrooke Development Llc | $240,000 | Solomon Parks Title & Escr | |
| Legacy Homes Of Tn Llc | $239,900 | None Available | |
| Campbell Ernie | $239,000 | Southland Title & Escrow Co | |
| Southern Land Co Llc | $229,200 | Southland |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Connors George | $1,150,000 | |
| Closed | Connors George E | $250,000 | |
| Previous Owner | Smith Mark David | $2,700,000 | |
| Previous Owner | Smith Mark David | $700,000 | |
| Previous Owner | Laurelbrooke Development Llc | $1,040,000 | |
| Previous Owner | Legacy Homes Of Tn Llc | $159,900 | |
| Previous Owner | Campbell Ernie | $168,750 | |
| Previous Owner | Southern Land Co Llc | $1,060,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2020 04/10/20 | Sold | $1,650,000 | -12.0% | $237 / Sq Ft |
| 03/13/2020 03/13/20 | Pending | -- | -- | -- |
| 06/21/2019 06/21/19 | For Sale | $1,875,000 | -- | $269 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
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 | $8,224 | $437,425 | $84,375 | $353,050 |
| 2023 | $8,224 | $437,425 | $84,375 | $353,050 |
| 2022 | $8,224 | $437,425 | $84,375 | $353,050 |
| 2021 | $8,224 | $437,425 | $84,375 | $353,050 |
| 2020 | $8,197 | $369,225 | $56,250 | $312,975 |
| 2019 | $8,197 | $369,225 | $56,250 | $312,975 |
| 2018 | $7,938 | $369,225 | $56,250 | $312,975 |
| 2017 | $7,938 | $369,225 | $56,250 | $312,975 |
| 2016 | $0 | $369,225 | $56,250 | $312,975 |
| 2015 | -- | $321,700 | $43,750 | $277,950 |
| 2014 | -- | $43,750 | $43,750 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alexander Brandau
Seller's Agent in 2020
Alexander Brandau
Aperture Global
(615) 601-2024
153 Total Sales
-
Jack Gaughan
Buyer's Agent in 2020
Jack Gaughan
RE/MAX
(615) 478-0970
332 Total Sales
Map
Source: Realtracs
MLS Number: 2053894
APN: 013A-C-003.00
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