Come see this Historic Property what was first a Grocery Store and later Johnson Heating and Air, built in1940 on a 0.17 acre lot very close to downtown Franklin. Whether your looking for a place to build or to renovate this is a great opportunity to be in the Highly Sought-After Franklin Downtown Area.
Active
$550,000
503 N Petway St, Franklin, TN 37064
2beds
1,296sqft
Single Family Residence, Residential
Built in 1940
7,405 Square Feet Lot
$-- Zestimate®
$424/sqft
$-- HOA
What's special
- 44 days
- 538
- 24
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Steve Cothran 615-390-8849,
Steve Cothran Realty, LLC 615-614-1599
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3306468
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: None
Features
- High Speed Internet
- Flooring: Concrete
- Basement: Crawl Space
- Number of fireplaces: 1
Interior area
- Total structure area: 1,296
- Total interior livable area: 1,296 sqft
- Finished area above ground: 1,296
Property
Parking
- Total spaces: 9
- Parking features: Detached
- Garage spaces: 4
- Uncovered spaces: 5
Features
- Levels: One
- Stories: 1
- Fencing: Partial
Lot
- Size: 7,405 Square Feet
- Features: Level
- Topography: Level
Details
- Parcel number: 094078G B 04300 00109078G
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
Materials
- Frame
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Lynhurst
HOA
- Has HOA: No
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $424/sqft
- Tax assessed value: $327,500
- Annual tax amount: $1,309
- Date on market: 7/26/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/26/2026 | Listed for sale | $550,000$424/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3306468 Report a problem | ||
| 7/20/2026 | Listing removed | $550,000$424/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3148473 Report a problem | ||
| 7/9/2026 | Price change | $550,000-15.4%$424/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3148473 Report a problem | ||
| 3/13/2026 | Listed for sale | $650,000$502/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3148473 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,689 +28.9% | $81,875 +77% |
| 2024 | $1,310 +4.1% | $46,250 |
| 2023 | $1,259 | $46,250 |
| 2022 | $1,259 | $46,250 |
| 2021 | $1,259 +150.8% | $46,250 +197.4% |
| 2020 | $502 | $15,550 |
| 2019 | $502 +2.2% | $15,550 |
| 2018 | $491 | $15,550 |
| 2017 | $491 | $15,550 |
| 2016 | -- | $15,550 +21.7% |
| 2015 | -- | $12,775 |
| 2014 | -- | $12,775 |
| 2013 | -- | $12,775 |
| 2012 | -- | $12,775 |
| 2011 | -- | $12,775 +4.5% |
| 2007 | $428 +1.2% | $12,221 |
| 2006 | $423 -10.3% | $12,221 +7.2% |
| 2005 | $472 +2.7% | $11,403 |
| 2004 | $460 -4.3% | $11,403 |
| 2002 | $480 | $11,403 |
| 2001 | -- | $11,403 -75% |
| 2000 | -- | $45,611 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Central Franklin
Nearby schools
Schools provided by the listing agent
- Elementary: Franklin Elementary
- Middle: Freedom Middle School
- 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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