NOT LISTED FOR SALE

5516 Iron Gate Dr Franklin, TN 37069

Franklin Area

Estimated Value: $2,907,000 - $3,040,000

6 Beds
8 Baths
7,438 Sq Ft
$401/Sq Ft Est. Value

Sale Details

Date Sold: August 5, 2025

Last sale price $2,862,000 $385 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $17,403 / mo

6 Days on Market

Highlights

  • Gated Community
  • Clubhouse
  • Wood Flooring
  • Grassland Elementary School Rated A
  • Private Lot
  • 2 Fireplaces

About This Home

As of August 2025

A classic and elegant residence, thoughtfully updated to offer a bright and inviting atmosphere throughout. The home features a stunning, fully renovated kitchen and blends timeless architectural design with modern conveniences, including an elevator, wet bar, home gym, and multiple laundry areas. Each oversized bedroom includes an updated en-suite bath for added comfort and privacy. The fully finished basement features a private in-law suite complete with kitchen and living area—ideal for guests or work-from-home flexibility. Treelined backyard creates a private retreat for the start and end the day. "hobby room" dimension is theater room in basement

Last Agent to Sell the Property

Erin O Donnell

Compass Brokerage Phone: 6154295285 License #330967 Listed on: 06/14/2025

Last Buyer's Agent

Ivelisse Martin

Realty Of America, LLC License #329508

Realty Of America, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,780

Year Built

  • Built in 2007

Lot Details

  • 21,780 Sq Ft Lot
  • Lot Dimensions are 126 x 179
  • Private Lot
  • Irrigation

HOA Fees

  • $448 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Elevator
  • Wet Bar
  • Built-In Features
  • Bookcases
  • High Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Entrance Foyer
  • Separate Formal Living Room
  • Interior Storage Closet
  • Washer and Electric Dryer Hookup
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Security Gate

Kitchen

  • Built-In Electric Oven
  • Built-In Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom
  • 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

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 094013A C 00700 00007013A

Community Details

Overview

  • $2,688 One-Time Secondary Association Fee
  • Association fees include ground maintenance, recreation facilities
  • Laurelbrooke Sec 11F Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,780

Year Built

Built in 2007

Lot Details

0.5 Acres

HOA Fees

$448 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2007
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Existing
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Bookcases, Built-in Features, Ceiling Fan(s), Elevator, Entrance Foyer, Extra Closets, High Ceilings, In-Law Floorplan, Pantry, Walk-In Closet(s), Wet Bar, High Speed Internet, Kitchen Island
  • Appliances: Built-In Electric Oven, Built-In Gas Range, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator
  • Fireplace: Yes
  • Fireplaces: 2
  • Flooring: Carpet, Wood, Tile
  • Total Bedrooms: 6
  • Main Level Bedrooms: 1
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Has Basement: Full, Finished
  • Above Grade Finished Sq Ft: 6097
  • Below Grade Sq Ft: 1341
  • Building Area Units: Square Feet
  • Living Area: 7438
  • Living Area Units: Square Feet
  • Other Equipment: Irrigation System

Exterior Features

  • Construction Type: Brick
  • Patio And Porch Features: Patio, Covered, Porch
  • Pool Private: No
  • Topography: Private
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Garage Faces Side
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Security Gate, Security Guard
  • Utilities: Electricity Available, Natural Gas Available, Water Available

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Recreation Facilities
  • Association Fee: 1344
  • Association #2 Fee: 2688
  • Association #2 Fee Frequency: One Time
  • Association Fee Frequency: Quarterly
  • Amenities: Clubhouse, Gated, Playground, Pool
  • Association: Yes
  • Senior Community: No

Lot Info

  • Lot Features: Private
  • Lot Size Acres: 0.5
  • Lot Size: 126 X 179
  • Lot Size Units: Acres
  • Parcel #: 094013A C 00700 00007013A
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 6780

MLS Schools

  • Elementary School: Grassland Elementary
  • High School: Franklin High School
  • Middle Or Junior School: Grassland Middle School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2025
Closed on
Aug 1, 2025
Sold by
Bought by
Seller's Agent
Erin O Donnell
Compass
Buyer's Agent
Ivelisse Martin
Realty Of America, LLC
List Price
$2,862,000
Sold Price
$2,862,000
Views
31
Current Estimated Value
$2,984,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,762
Avg. Annual Appreciation
4.33%
Original Mortgage
$2,146,500
Outstanding Balance
$2,125,669
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$859,093

Purchase Details

Listed on
Sep 1, 2023
Closed on
Oct 13, 2023
Sold by
Bought by
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%
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%
Original Mortgage
$2,140,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 31, 2020
Closed on
Feb 28, 2020
Sold by
Bought by
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
Bought by

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
Bought by

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
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,862,000 Hale Title And Escrow
$2,675,000 5 Star Title Of Tennessee Llc
$1,400,000 615 Title Llc
$1,170,000 Bell & Alexander Title Servi
$244,320 Mid State Title & Escrow Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,146,500
Previous Owner $2,140,000
Previous Owner $536,500
Previous Owner $83,000
Previous Owner $417,000
Previous Owner $1,086,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2025 08/05/25 Sold $2,862,000 0.0% $385 / Sq Ft
06/20/2025 06/20/25 Pending -- -- --
06/14/2025 06/14/25 For Sale $2,862,000 +7.0% $385 / Sq Ft
10/13/2023 10/13/23 Sold $2,675,000 -2.2% $360 / Sq Ft View Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,780 $682,750 $208,750 $474,000
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

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Map

Source: Realtracs

MLS Number: RTC2908749

Realtracs

APN: 013A-C-007.00

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