7120 Wallace Rd Fairview, TN 37062
Estimated payment $3,996/month
Highlights
- Sub-Zero Refrigerator
- 1.59 Acre Lot
- Wood Flooring
- Westwood Elementary School Rated A
- Open Floorplan
- No HOA
About This Home
This charming 1958 stone cottage has been thoughtfully transformed into a stunning modern farmhouse, blending timeless character with elevated, high-end finishes. From the moment you step inside, the details stand out—shiplap accents, a farmhouse sink, Sub-Zero refrigerator, and Smeg gas oven create a warm yet sophisticated space designed for both everyday living and entertaining. Situated on a private 1.59-acre lot with mature trees and 246’ of road frontage, this property presents a rare combination of space, privacy, and natural beauty. Enjoy quiet mornings or evenings on the covered porch overlooking the expansive backyard, complete with seasonal lake views in the winter. The property also includes a prepared drainage pad suitable for a future barn or additional outbuilding, with flexibility for a range of uses. Currently operating as an Airbnb, the property provides flexibility for use as an investment property or a private single-family residence. Opportunities like this are increasingly limited. Located in Fairview, a rapidly developing area with significant new construction and infrastructure underway, and just minutes from Franklin and Bellevue. A unique property combining character, privacy, and versatility.
Listing Agent
Beycome Brokerage Realty, LLC Brokerage Phone: 8046565007 License #383485 Listed on: 04/28/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,502
Year Built
- Built in 1958
Home Design
- Stone Siding
- Hardboard
Interior Spaces
- 1,806 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Ceiling Fan
- Crawl Space
- Dryer
Kitchen
- Gas Oven
- Gas Range
- Sub-Zero Refrigerator
- Dishwasher
- Farmhouse Sink
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Home Security
- Smart Locks
- Smart Thermostat
Schools
- Westwood Elementary School
- Fairview Middle School
- Fairview High School
Utilities
- Air Filtration System
- Central Air
- Heat Pump System
Additional Features
- Air Purifier
- 1.59 Acre Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 094023 04000 00001023
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,969 | $149,750 | $39,900 | $109,850 |
| 2024 | $2,969 | $107,700 | $19,950 | $87,750 |
| 2023 | $2,969 | $107,700 | $19,950 | $87,750 |
| 2022 | $2,969 | $107,700 | $19,950 | $87,750 |
| 2021 | $2,025 | $107,700 | $19,950 | $87,750 |
| 2020 | $1,127 | $50,750 | $8,775 | $41,975 |
| 2019 | $1,127 | $50,750 | $8,775 | $41,975 |
| 2018 | $601 | $27,950 | $8,775 | $19,175 |
| 2017 | $595 | $27,950 | $8,775 | $19,175 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2026 04/28/26 | For Sale | $725,000 | +61.1% | $401 / Sq Ft | |
| 07/28/2020 07/28/20 | Sold | $450,000 | +20.0% | $249 / Sq Ft | View Prior Sale |
| 07/03/2020 07/03/20 | Pending | -- | -- | -- | |
| 07/01/2020 07/01/20 | For Sale | $375,000 | -- | $208 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | 2020 Title Llc | |
| Warranty Deed | $450,000 | Bridgehouse Title | |
| Warranty Deed | $150,000 | None Available | |
| Administrators Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $438,300 | New Conventional | |
| Closed | $436,500 | New Conventional |
Source: Realtracs
MLS Number: 3184001
APN: 023-040.00
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Listings courtesy of Realtracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.