NOT LISTED FOR SALE

5550 Hargrove Ridge Rd Franklin, TN 37064

Estimated Value: $697,575 - $1,926,000

4 Beds
2.5 Baths
2,098 Sq Ft
$642/Sq Ft Est. Value

Last Sold December 16, 2024

Last sale price $1,685,000 $803 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $7,199/month

48 Days on Market

Highlights

  • Spa
  • 40.4 Acre Lot
  • Private Lot
  • Hillsboro Elementary/Middle School Rated A
  • Deck
  • Wooded Lot

About This Home

As of December 2024

HUGE $300k PRICE REDUCTION!!! Rare opportunity to own 40 ACRES in one of Tennessee’s most prestigious locations - Leipers Fork - The highly sought after village where celebrity sightings are frequent and the elite build their dream homes. This property offers the perfect 2 story Farmhouse with an owners suites on the main floor, beautiful living space, 3 bedrooms up, an 800 square foot workshop. Boasting 3 ADDITIONAL APPROVED SOIL sites with an estimated 4- 8 bedroom perk sites available. Ready to enjoy as it is, or divide, build a multi house compound, an estate home with a guest house and/or pool house - the possibilities are endless! Ridge top views if desired, flat and level lawns, a romantic creek that runs along the base of the property. Create your own oasis, as property begins at the end of a cul de sac dead end road and offers total privacy. Perfect land for a trail system for hiking, biking. Combined 2 parcels for sale. Min from Organic farming, 7 min to Leipers very own The Red Byrd Coffee Shop!

Last Agent to Sell the Property

Naomi Bannister

Keller Williams Realty Nashville/Franklin Brokerage Phone: 6157070597 License #341615 Listed on: 10/09/2024

Keller Williams Realty Nashville/Franklin

Co-Listed By

B. Paul Copeland

Keller Williams Realty Nashville/Franklin Brokerage Phone: 6157070597 License #360060

Last Buyer's Agent

John Pickle

Parks Compass License #348675

Parks Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,401

Year Built

  • Built in 1998

Lot Details

  • 40.4 Acre Lot
  • Property is Fully Fenced
  • Private Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,098 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet

Outdoor Features

  • Spa
  • Deck
  • Outdoor Storage

Schools

  • Hillsboro Elementary/ Middle School
  • Independence High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Private Sewer

Community Details

  • No Home Owners Association
  • Appleton Jere T & Patricia B Subdivision

Listing and Financial Details

  • Assessor Parcel Number 094074 00400 00003074

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,401

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1998
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RENOV
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Entry Foyer, Hot Tub, Walk-In Closet(s), Primary Bedroom Main Floor
  • Appliances: Microwave
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Vinyl
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 2098
  • Building Area Units: Square Feet
  • Living Area: 2098
  • Living Area Units: Square Feet

Exterior Features

  • Exterior Features: Storage
  • Construction Type: Vinyl Siding
  • Fencing: Full
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Cleared, Level, Private, Sloped, Wooded
  • Lot Size Acres: 40.4
  • Lot Size Units: Acres
  • Parcel #: 094074 00400 00003074
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1401

MLS Schools

  • Elementary School: Hillsboro Elementary/ Middle School
  • High School: Independence High School
  • Middle Or Junior School: Hillsboro Elementary/ Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2024
Closed on
Dec 13, 2024
Sold by
Aston Realty Holdings Llc
Bought by
Benaderet Francis and Benaderet Caitlin
Seller's Agent
Naomi Bannister
Keller Williams Realty Nashville/Franklin
Buyer's Agent
John Pickle
Parks Compass
List Price
$2,299,000
Sold Price
$1,685,000
Premium/Discount to List
-$614,000
-26.71%
Views
41
Current Estimated Value
$1,347,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$337,356
Avg. Annual Appreciation
-19.67%

Purchase Details

Listed on
Mar 8, 2022
Closed on
Mar 31, 2022
Sold by
Appleton Jere T and Appleton Patricia B
Bought by
Aston Realty Holdings Llc
Seller's Agent
Howard Thompson
Compass Tennessee, LLC
Buyer's Agent
Sandi Irby
Benchmark Realty, LLC
List Price
$600,000
Sold Price
$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
46.17%
Original Mortgage
$600,000
Interest Rate
3.83%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 1, 2021
Closed on
Jan 14, 2022
Sold by
Appleton Jere T and Appleton Patricia B
Bought by
Aston Realty Holdings Llc
Seller's Agent
Howard Thompson
Compass Tennessee, LLC
Buyer's Agent
Sandi Irby
Benchmark Realty, LLC
List Price
$735,000
Sold Price
$600,000
Premium/Discount to List
-$135,000
-18.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Aug 7, 1998
Sold by
Appleton Patricia B
Bought by
Appleton Jere T and Appleton Patricia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.96%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Benaderet Francis $1,685,000 Foundation Title & Escrow
Benaderet Francis $1,685,000 Foundation Title & Escrow
Aston Realty Holdings Llc $600,000 Chapman & Rosenthal Title
Aston Realty Holdings Llc $600,000 Chapman & Rosenthal Title
Appleton Jere T -- Lehman Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aston Realty Holdings Llc $600,000
Previous Owner Appleton Jere T $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2024 12/16/24 Sold $1,685,000 -15.7% $803 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/14/2024 11/14/24 Price Changed $1,999,900 -13.0% $953 / Sq Ft
10/09/2024 10/09/24 For Sale $2,299,000 0.0% $1,096 / Sq Ft
08/25/2022 08/25/22 Rented -- -- --
08/25/2022 08/25/22 Under Contract -- -- --
07/21/2022 07/21/22 Price Changed $3,400 -15.0% $2 / Sq Ft
07/11/2022 07/11/22 For Rent $4,000 0.0% --
03/31/2022 03/31/22 Sold $600,000 0.0% $300 / Sq Ft View Prior Sale
03/08/2022 03/08/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $600,000 0.0% $300 / Sq Ft
01/14/2022 01/14/22 Sold $600,000 0.0% $293 / Sq Ft View Prior Sale
11/22/2021 11/22/21 Pending -- -- --
11/20/2021 11/20/21 Off Market $600,000 -- --
11/08/2021 11/08/21 Pending -- -- --
07/25/2021 07/25/21 For Sale $735,000 -- $359 / Sq Ft
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
2025 $1,401 $119,025 $70,075 $48,950
2024 $1,401 $74,500 $35,025 $39,475
2023 $0 $74,500 $35,025 $39,475
2022 $2,960 $157,425 $117,950 $39,475
2021 $2,960 $157,425 $117,950 $39,475
2020 $1,985 $89,400 $52,425 $36,975
2019 $1,985 $89,400 $52,425 $36,975
2018 $1,922 $89,400 $52,425 $36,975
2017 $1,922 $89,400 $52,425 $36,975
2016 $0 $89,400 $52,425 $36,975
2015 -- $83,900 $53,600 $30,300
2014 -- $83,900 $53,600 $30,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2744877

Realtracs

APN: 074-004.00