Welcome to this charming cottage located at 408 North Petway Street in Downtown Franklin, TN! This cozy one-story home, built in 1954, offers 806 square feet of living space on a generous .28-acre lot. With a spacious family room and real hardwood floors throughout the entire home, this adorable home includes two spacious bedrooms and one bathroom and features a welcoming front porch in this quaint downtown Franklin neighborhood. This home is within walking distance to all the shops on Main in Franklin’s highly desirable downtown hotspot. To make this an even sweeter deal, behind the main home there is also a full apartment, with approximately 475 sf of living space, equipped with a kitchen and shower with a newer HVAC mini-split that was installed in 2020. This would be perfect for a mother-in-law suite or a sweet apartment for an adult child that is still living at home. Apartment and/or main house could also potentially be an Airbnb pending city approval. Home is livable but there is a large backyard that would also be perfect to build a brand new home. The options are endless on this one. Don't miss this amazing investment opportunity before it's gone.
Closed
$500,000
408 N Petway St, Franklin, TN 37064
2beds
1,281sqft
Single Family Residence, Residential
Built in 1954
0.28 Acres Lot
$529,300 Zestimate®
$390/sqft
$2,603 Estimated rent
Home value
$529,300
$498,000 - $566,000
$2,603/mo
Zestimate® history
Owner options
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$2,603/mo
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$2,603/mo
Rent Zestimate®
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$2,803/mo
Est. payment
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$2,803/mo
Est. payment
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List your homeWhat's special
Welcoming front porchLarge backyardSpacious family roomTwo spacious bedroomsReal hardwood floors
Zillow last checked:
Listing updated:
Listed by:
Ali Eastburn 615-970-9545,
Compass RE
Bought with:
Lisa Schoenhouse, 359210
Compass
Miles Manter, 359236
Compass
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2756499
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Bedroom 1
- Area: 144 Square Feet
- Dimensions: 12x12
Kitchen
- Area: 132 Square Feet
- Dimensions: 12x11
Living room
- Features: Formal
- Level: Formal
- Area: 204 Square Feet
- Dimensions: 17x12
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Oven, Gas Range
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- High Speed Internet
- Flooring: Wood, Tile
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,281
- Total interior livable area: 1,281 sqft
- Finished area above ground: 1,281
Property
Parking
- Total spaces: 6
- Parking features: Asphalt, Driveway
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 1
- Patio & porch: Patio, Covered, Porch
Lot
- Size: 0.28 Acres
- Dimensions: 60 x 200
Details
- Parcel number: 094078G A 00500 00009078G
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Water Available
Community & HOA
Community
- Subdivision: Petway Place
HOA
- Has HOA: No
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $390/sqft
- Tax assessed value: $471,300
- Annual tax amount: $1,704
- Date on market: 11/6/2024
Price history
| Date | Event | Price |
|---|---|---|
| 11/25/2024 | Sold | $500,000+5.3%$390/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2756499 Report a problem | ||
| 11/16/2024 | Contingent | $475,000$371/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2756499 Report a problem | ||
| 11/6/2024 | Listed for sale | $475,000+254.7%$371/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2756499 Report a problem | ||
| 5/28/2002 | Sold | $133,900+19%$105/sqft |
Source: Public Record Report a problem | ||
| 12/18/2001 | Sold | $112,500$88/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,431 +37.2% | $117,825 +88.1% |
| 2024 | $1,772 +4% | $62,625 |
| 2023 | $1,704 +45.3% | $62,625 |
| 2022 | $1,173 | $62,625 |
| 2021 | $1,173 +19.3% | $62,625 +71.3% |
| 2020 | $983 | $36,550 |
| 2019 | $983 | $36,550 |
| 2018 | $983 | $36,550 |
| 2017 | $983 | $36,550 |
| 2016 | -- | $36,550 +38.8% |
| 2015 | -- | $26,325 |
| 2014 | -- | $26,325 |
| 2013 | -- | $26,325 |
| 2012 | -- | $26,325 |
| 2011 | -- | $26,325 -11.6% |
| 2007 | $1,043 +1.2% | $29,769 |
| 2006 | $1,031 +1.4% | $29,769 +21.2% |
| 2005 | $1,017 +2.7% | $24,563 |
| 2004 | $990 -4.3% | $24,563 |
| 2002 | $1,034 | $24,563 |
| 2001 | -- | $24,563 -75% |
| 2000 | -- | $98,253 |
Find assessor info on the county website
Neighborhood: Central Franklin
Nearby homes
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Nearby schools
GreatSchools rating
- 9/10Poplar Grove K-4Grades: PK-4Distance: 1.1 mi
- 7/10Poplar Grove 5-8Grades: 5-8Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Poplar Grove K-4
- Middle: Poplar Grove 5-8
- High: Centennial High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$529,300
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Estimated market value
$529,300
- Tennessee
- Williamson County
- Franklin
- 37064
- Central Franklin
- 408 N Petway St
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