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    • $505,000

    503 N Petway St, Franklin, TN 37064

    2beds
    1,296sqft
    Single Family Residence, Residential
    Built in 1940
    7,405 Square Feet Lot
    $504,700 Zestimate®
    $390/sqft
    $1,990 Estimated rent

    Home value

    $504,700

    $479,000 - $530,000

    $1,990/mo

    Zestimate® history

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Steve Cothran 615-390-8849,

    Steve Cothran Realty, LLC

    Bought with:

    Brooke Stone, 380168

    Partners Real Estate, LLC

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3306468MLS Logo

    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: $390/sqft
    • Tax assessed value: $327,500
    • Annual tax amount: $1,309
    • Date on market: 7/26/2026

    Price history

    DateEventPrice
    10/22/2026Sold$505,000-8.2%$390/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3306468 Report a problem
    10/9/2026Pending sale$550,000$424/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3306468 Report a problem
    7/26/2026Listed for sale$550,000$424/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3306468 Report a problem
    7/20/2026Listing removed$550,000$424/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3148473 Report a problem
    7/9/2026Price change$550,000-15.4%$424/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3148473 Report a problem
    3/13/2026Listed for sale$650,000$502/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3148473 Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: Central Franklin

    Nearby homes

    Nearby schools

    GreatSchools rating
    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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    Estimated market value

    $504,700

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $504,700

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