5516 Iron Gate Dr Franklin, TN 37069
Estimated Value: $2,437,000 - $2,720,048
6
Beds
8
Baths
7,438
Sq Ft
$352/Sq Ft
Est. Value
Highlights
- Fitness Center
- Clubhouse
- 2 Fireplaces
- Grassland Elementary School Rated A
- Wood Flooring
- Community Pool
About This Home
As of October 2023Welcome to 5516 Iron Gate Drive! This elegant home is located in one of Franklin’s most desirable gated communities, Laurelbrooke. Situated on a beautiful lot off a private street, the home backs up to lush green space, providing peaceful privacy. Primary suites on 2 levels, in-law suite in the basement with private access; completely remodeled kitchen, gym and all bathrooms plus elevator and laundry on every floor. All new carpet. 12-foot ceilings and several extra living spaces, including a spacious bonus room perfect for a home theater and a cozy sunroom overlooking the backyard. In-law suite includes a kitchen, living area, and bedroom- the perfect private retreat for guests or family. Zoned for top-ranked schools, HOA includes a clubhouse, pool, tennis courts, and playground.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,780
Year Built
- Built in 2007
Lot Details
- 0.5 Acre Lot
- Lot Dimensions are 126 x 179
HOA Fees
- $305 Monthly HOA Fees
Parking
- 3 Car Garage
- Driveway
Home Design
- Brick Exterior Construction
Interior Spaces
- Property has 3 Levels
- Elevator
- Central Vacuum
- 2 Fireplaces
- Wood Burning Fireplace
- Interior Storage Closet
- Finished Basement
Kitchen
- Microwave
- Ice Maker
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms | 1 Main Level Bedroom
- In-Law or Guest Suite
Home Security
- Security Gate
- Fire and Smoke Detector
Outdoor Features
- Covered patio or porch
Schools
- Grassland Elementary School
- Grassland Middle School
- Franklin High School
Utilities
- Two cooling system units
- Two Heating Systems
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 094013A C 00700 00007013A
Community Details
Overview
- Association fees include ground maintenance, recreation facilities
- Laurelbrooke Subdivision
Recreation
- Tennis Courts
- Community Playground
- Fitness Center
- Community Pool
Additional Features
- Clubhouse
- Security Guard
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2023
Closed on
Oct 13, 2023
Sold by
Kilpatrick Andrew and Kilpatrick Ashley
Bought by
Devereaux Sean and Devereaux Jennifer
Seller's Agent
Brian Cournoyer
Compass RE
Buyer's Agent
Chris Thompson
Towne Creek Realty
List Price
$2,735,000
Sold Price
$2,675,000
Premium/Discount to List
-$60,000
-2.19%
Total Days on Market
6
Views
76
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
-$58,238
Avg. Annual Appreciation
1.68%
Original Mortgage
$2,140,000
Outstanding Balance
$2,107,930
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$640,900
Purchase Details
Listed on
Jan 31, 2020
Closed on
Feb 28, 2020
Sold by
Bartlett Thomas Glenn and Bartlett Lou Stevens
Bought by
Kilpatrick Andrew and Kilpatrick Ashley
Seller's Agent
Starling Davis
Fridrich & Clark Realty
Buyer's Agent
Brian Cournoyer
Compass RE
List Price
$1,349,900
Sold Price
$1,400,000
Premium/Discount to List
$50,100
3.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.59%
Original Mortgage
$536,500
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 18, 2008
Sold by
Langfitt & Associates Inc
Bought by
Bartlett Thomas Glenn and Bartlett Lou Stevens
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
6.12%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
May 5, 2006
Sold by
Vaughn Road Partners
Bought by
Langfitt & Associates Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,086,400
Interest Rate
6.33%
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 |
|---|---|---|---|
| Devereaux Sean | $2,675,000 | 5 Star Title Of Tennessee Llc | |
| Kilpatrick Andrew | $1,400,000 | 615 Title Llc | |
| Bartlett Thomas Glenn | $1,170,000 | Bell & Alexander Title Servi | |
| Langfitt & Associates Inc | $244,320 | Mid State Title & Escrow Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Devereaux Sean | $2,140,000 | |
| Previous Owner | Kilpatrick Andrew | $536,500 | |
| Previous Owner | Bartlett Thomas Glenn | $300,000 | |
| Previous Owner | Bartlett Thomas Glenn | $405,000 | |
| Previous Owner | Bartlett Thomas Glenn | $82,400 | |
| Previous Owner | Bartlett Thomas Glenn | $83,000 | |
| Previous Owner | Bartlett Thomas Glenn | $417,000 | |
| Previous Owner | Langfitt & Associates Inc | $1,086,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/13/2023 10/13/23 | Sold | $2,675,000 | -2.2% | $360 / Sq Ft |
| 09/07/2023 09/07/23 | Pending | -- | -- | -- |
| 09/01/2023 09/01/23 | For Sale | $2,735,000 | +95.4% | $368 / Sq Ft |
| 02/28/2020 02/28/20 | Sold | $1,400,000 | +3.7% | $188 / Sq Ft |
| 02/02/2020 02/02/20 | Pending | -- | -- | -- |
| 01/31/2020 01/31/20 | For Sale | $1,349,900 | -- | $181 / 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 | $6,780 | $360,650 | $84,375 | $276,275 |
| 2023 | $0 | $360,650 | $84,375 | $276,275 |
| 2022 | $6,780 | $360,650 | $84,375 | $276,275 |
| 2021 | $6,780 | $360,650 | $84,375 | $276,275 |
| 2020 | $7,013 | $315,900 | $56,250 | $259,650 |
| 2019 | $7,013 | $315,900 | $56,250 | $259,650 |
| 2018 | $6,792 | $315,900 | $56,250 | $259,650 |
| 2017 | $6,792 | $315,900 | $56,250 | $259,650 |
| 2016 | $0 | $315,900 | $56,250 | $259,650 |
| 2015 | -- | $320,725 | $43,750 | $276,975 |
| 2014 | -- | $320,725 | $43,750 | $276,975 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Cournoyer
Seller's Agent in 2023
Brian Cournoyer
Compass RE
(615) 917-4995
152 Total Sales
-
Jamie Brandenburg
Seller Co-Listing Agent in 2023
Jamie Brandenburg
Compass RE
(615) 487-2100
103 Total Sales
-
Chris Thompson
C
Buyer's Agent in 2023
Chris Thompson
Towne Creek Realty
(615) 656-1298
58 Total Sales
-
Starling Davis
Seller's Agent in 2020
Starling Davis
Fridrich & Clark Realty
(615) 485-6047
190 Total Sales
Map
Source: Realtracs
MLS Number: 2566359
APN: 013A-C-007.00
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