$3,353,000
SOLD OCT 26, 2023

5517 Iron Gate Dr Franklin, TN 37069

5 Beds
5.5 Baths
9,118 Sq Ft
0.46 Acres

Recently Sold

$368 Per Sq Ft

19 Days on Market

Highlights

  • In Ground Pool
  • Clubhouse
  • Living Room with Fireplace
  • Grassland Elementary School Rated A
  • Screened Deck
  • Marble Flooring

About This Home

As of October 2023

Bright and light filled home! Enjoy the dog days of summer sitting by the Pool and Hot Tub, overlooking the woods, and taking in the breathtaking sunset views! Gleaming walnut hardwoods, high ceilings, updated kitchen and baths, ELEVATOR, screened porch, wine cellar, exercise room, cedar closet, walk up attic storage, full kitchen in the walk-out basement makes it a perfect spot for an in-law or boomerang suite, circle drive, flexible floor plan for working from home and entertaining, spacious yet cozy with all the amenities, Laurelbrooke is a fabulous community with walking trails, pool, fitness center, and join the pickle ball group! Seller is ready for a good offer - BEST PRICE PER SF IN LAURELBROOKE!!

Last Agent to Sell the Property

Molly Edmondson

Fridrich & Clark Realty Brokerage Phone: 6153518753 License # 2699 Listed on: 08/03/2023

Fridrich & Clark Realty

Co-Listed By

Lisa Owings

Fridrich & Clark Realty Brokerage Phone: 6153518753 License # 314580

Last Buyer's Agent

Nancy Torrans

Fridrich & Clark Realty License # 262639

Fridrich & Clark Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,769

Year Built

  • Built in 2005

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 135 x 183
  • Back Yard Fenced
  • Sloped Lot
  • Irrigation

HOA Fees

  • $347 Monthly HOA Fees

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Elevator
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • 6 Fireplaces
  • Den with Fireplace
  • Interior Storage Closet
  • Finished Basement

Kitchen

  • Grill
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite

Home Security

  • Home Security System
  • Security Gate
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Screened Deck
  • Covered Patio or Porch

Schools

  • Grassland Elementary School
  • Grassland Middle School
  • Franklin High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 094013A C 01700 00007013A

Community Details

Overview

  • $2,084 One-Time Secondary Association Fee
  • Association fees include recreation facilities
  • Laurelbrooke Sec 11F Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,769

Year Built

Built in 2005

Lot Details

0

HOA Fees

$347 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2005
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • Attribution Contact: 6153518753
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Elevator, Extra Closets, In-Law Floorplan, Storage, Walk-In Closet(s), Entry Foyer, Primary Bedroom Main Floor
  • Appliances: Dishwasher, Disposal, Grill, Ice Maker, Microwave, Refrigerator
  • Fireplace Features: Den, Living Room, Wood Burning
  • Fireplace: Yes
  • Fireplaces: 6
  • Flooring: Carpet, Finished Wood, Marble, Tile
  • Total Bedrooms: 5
  • Main Level Bedrooms: 1
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 6499
  • Below Grade Sq Ft: 2619
  • Building Area Units: Square Feet
  • Living Area: 9118
  • Living Area Units: Square Feet

Exterior Features

  • Exterior Features: Garage Door Opener, Irrigation System
  • Construction Type: Brick
  • Fencing: Back Yard
  • Patio And Porch Features: Covered Patio, Deck, Patio, Screened Deck
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Covered Parking Spaces: 3
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached - Side, Attached
  • 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
  • Security: Security Gate, Security System, Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • HOA Fee Includes: Recreation Facilities
  • Association Fee: 1042
  • Association #2 Fee: 2084
  • Association #2 Fee Frequency: One Time
  • Association Fee Frequency: Quarterly
  • Amenities: Clubhouse, Gated, Playground, Pool, Tennis Court(s), Trail(s)
  • Association: Yes
  • Senior Community: No
  • ResoAssociationFeeFrequency: Quarterly

Lot Info

  • Lot Features: Sloped
  • Lot Size Acres: 0.457
  • Lot Size: 135 X 183
  • Lot Size Units: Acres
  • Parcel #: 094013A C 01700 00007013A
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 12769

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Oct 25, 2023
Sold by
Loyd Alex and Loyd Hope-Tracey
Bought by
Farley Brian P and Farley Wendy W
Seller's Agent
Molly Edmondson
Fridrich & Clark Realty
Buyer's Agent
Nancy Torrans
Fridrich & Clark Realty
List Price
$3,349,000
Sold Price
$3,353,000
Premium/Discount to List
$4,000
0.12%
Views
87
Current Estimated Value
$3,554,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,707
Avg. Annual Appreciation
-1.75%
Original Mortgage
$1,000,000
Outstanding Balance
$977,199
Interest Rate
5.8%
Mortgage Type
Construction
Estimated Equity
$2,266,133

Purchase Details

Listed on
Nov 11, 2021
Closed on
Dec 30, 2021
Sold by
Servin Carlos A and Ortuno Claudia Alvarez
Bought by
Loyd Alex and Loyd Hope Tracey
Seller's Agent
Nancy Torrans
Fridrich & Clark Realty
Buyer's Agent
Lisa Owings
Fridrich & Clark Realty
Sold Price
$2,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.00%

Purchase Details

Closed on
Jul 10, 2015
Sold by
Hunter James T and Hunter Mary D
Bought by
Servin Carlos A and Ortuno Claudia Alvarez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,919,200
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 19, 2004
Sold by
Hancock Construction Llc
Bought by
Hunter James T and Hunter Mary D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,353,000 None Listed On Document
Warranty Deed $2,600,000 None Available
Warranty Deed $2,399,000 Bankers Title & Escrow Corp
Warranty Deed $191,624 Southland Title & Escrow Co
Warranty Deed $184,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 Construction
Previous Owner $300,000 Credit Line Revolving
Previous Owner $145,700 Unknown
Previous Owner $1,919,200 Adjustable Rate Mortgage/ARM
Previous Owner $1,000,000 Fannie Mae Freddie Mac
Previous Owner $1,000,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2023 10/26/23 Sold $3,353,000 +0.1% $368 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $3,349,000 +28.8% $367 / Sq Ft
12/30/2021 12/30/21 Sold $2,600,000 0.0% $276 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/07/2021 12/07/21 For Sale -- -- --
11/29/2021 11/29/21 Pending -- -- --
11/13/2021 11/13/21 For Sale -- -- --
11/11/2021 11/11/21 Off Market $2,600,000 -- --
11/11/2021 11/11/21 For Sale $3,480,000 0.0% $369 / Sq Ft
11/30/2020 11/30/20 Rented $155,000 -4.8% --
10/27/2020 10/27/20 Under Contract -- -- --
10/21/2020 10/21/20 Price Changed $162,900 -4.1% $17 / Sq Ft
10/15/2020 10/15/20 Price Changed $169,900 -2.9% $18 / Sq Ft
10/13/2020 10/13/20 Price Changed $174,900 -2.8% $19 / Sq Ft
10/05/2020 10/05/20 Price Changed $179,900 -5.3% $19 / Sq Ft
09/30/2020 09/30/20 For Rent $189,900 +1898.9% --
10/31/2019 10/31/19 Rented -- -- --
10/31/2019 10/31/19 Rented $9,500 0.0% --
10/23/2019 10/23/19 Under Contract -- -- --
10/23/2019 10/23/19 Under Contract -- -- --
10/05/2019 10/05/19 For Rent $9,500 0.0% --
10/05/2019 10/05/19 For Rent -- -- --
09/21/2019 09/21/19 Off Market $9,500 -- --
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

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 $12,769 $679,225 $84,375 $594,850
2023 $0 $679,225 $84,375 $594,850
2022 $12,769 $679,225 $84,375 $594,850
2021 $12,769 $679,225 $84,375 $594,850
2020 $13,187 $594,025 $56,250 $537,775
2019 $13,187 $594,025 $56,250 $537,775
2018 $12,772 $594,025 $56,250 $537,775
2017 $12,772 $594,025 $56,250 $537,775
2016 $0 $594,025 $56,250 $537,775
2015 -- $387,725 $43,750 $343,975
2014 -- $387,725 $43,750 $343,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2555640

Realtracs

APN: 013A-C-017.00