400 Ernest Rice Ln, Franklin, TN 37069
400 Ernest Rice Ln, Franklin, TN 37069, Active at $2,300,000 ($514/sq ft). 4 bd · 5 ba · 4,474 sqft · $514/sqft · 0.86 ac.
400 Ernest Rice Ln, Franklin, TN 37069, Active at $2,300,000 ($514/sq ft). 4 bd · 5 ba · 4,474 sqft · $514/sqft · 0.86 ac.
Active · $2,300,000
MLS #3139617 · updated 2026-06-25 · listed with Zeitlin Sotheby's International Realty
4-bed, 5-bath home at 400 Ernest Rice Ln in Carolina Close, Franklin, 4,474 sqft, $2,300,000 ($514/sqft), by Zeitlin Sotheby's International Realty.
400 Ernest Rice Ln is a 4-bedroom, 5-bath home in Franklin, TN 37069, offered at $2,300,000, about $514/sq ft across 4,474 sq ft.
At $514/sq ft, this home is about 41% above the Franklin 37069 median list price per square foot of $365.
Market read: Franklin 37069 homes is a buyer-favored market at about 6.3 months of inventory.
School zone: assigned to Hunters Bend Elementary, Grassland Middle School, Franklin High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 400 Ernest Rice Ln (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of 2026-06-25. RealTracs via IDX.
This is a standard residential home (homes silo), not a short-term-rental property.
A seamless blend of refined craftsmanship and resort-inspired luxury, this exceptional residence invites a lifestyle of effortless elegance and unforgettable entertaining. Every space has been thoughtfully designed, where architectural details, rich millwork, and beautiful hardwood floors create a warm sophisticated atmosphere. At the heart of the home, the chef's kitchen is both stunning and functional, appointed with premium appliances including Monogram and Bosch, illuminated cabinetry, a spacious walk-in pantry, and a beautifully designed butler's pantry that allows gatherings to flow with ease. Coffered ceilings, custom trim work, and carefully curated lighting elevate the living spaces, creating a home that feels both grand and welcoming. Natural light and backyard views throughout! The primary suite offers a tranquil retreat, featuring a coffered ceiling and spa-inspired bath with a freestanding soaking tub, expansive walk-in shower, double vanities, and beautifully designed custom closet. Designed for entertainment, the home also features a private theater experience complete with projector screen, immersive surround sound, and custom-integrated speakers, perfect for movie nights or game day gatherings. Beyond the walls of the home lies a true outdoor sanctuary. The backyard unfolds as a private resort, where a heated pool, spa, gas fire pit and cascading waterfall create a stunning centerpiece. Underwater audio brings a unique sensory experience to the pool, while the outdoor kitchen, brand-new outdoor tv, and comfortable Sunbrella lounge furnishings invite effortless al fresco entertaining. A screened porch with a stone fireplace offers a cozy extension of the living space, allowing year-round enjoyment of the beautifully landscaped grounds. Additional thoughtful amenities include custom built-ins, plantation shutters, a well-appointed mudroom, a spacious laundry room with cabinetry/sink, walk-in attic storage, tankless water heater and more. A must see!
Listing remarks courtesy of Zeitlin Sotheby's International Realty via RealTracs.
At $514/sq ft, this home ranks in the 81st percentile of the 155 active homes in Franklin 37069 by price per square foot.
Computed by Grant Hammond from 155 Franklin 37069 comparables (RealTracs via IDX), as of 2026-07-18, refreshed weekly. Analysis, not an appraisal.
Median list price per square foot for active single-family homes by high-school attendance zone. Attendance zones cross city mailing lines; this is a price comparison, not a rating.
| High-school zone | Median $/sq ft |
|---|---|
| Brentwood | $367/sq ft |
| Ravenwood | $351/sq ft |
| Franklin | $349/sq ft |
| Independence | $338/sq ft |
| Fred J. Page | $327/sq ft |
| Centennial | $306/sq ft |
| Nolensville | $300/sq ft |
| Summit | $271/sq ft |
| Fairview | $261/sq ft |
Computed by Grant Hammond from active Williamson County listings (RealTracs via IDX). Analysis, not an appraisal.
| Active listings | 165 in Franklin 37069 homes |
|---|---|
| Recent absorption | about 26.2 sales / mo |
| Months of inventory | 6.3 months, a buyer-favored market (ample supply) |
Supply-side and recent-sale context for Franklin 37069 homes. Sale figures are trailing 6/12/24-month medians of recorded Franklin 37069 homes closings. Source RealTracs via IDX, as of 2026-07-16. Analysis, not an appraisal.
Estimated monthly ownership for 400 Ernest Rice Ln at $2,300,000: principal & interest, property tax, insurance, and HOA. Estimate only; not a loan offer.
| List price | $2,300,000 |
|---|---|
| HOA dues | $137 / mo |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
The Williamson County appraised value of $1,282,900 trails the $2,300,000 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $4,169 now to roughly $7,475 (appraised value times the 25% Tennessee residential ratio times the Williamson County (unincorporated) rate). Reassessment timing and the certified rate can change, and a purchase does not by itself trigger reassessment. Verify with the Williamson County Assessor of Property and Trustee. Estimate only.
Last sale and county assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
Dated history for this listing, tracked by the GH Market Engine.
400 Ernest Rice Ln sits in Carolina Close, Franklin, Williamson County.
In Franklin 37069, homes there are priced around $365 per square foot; inventory is running at about 6.3 months, a buyer-favored market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of 2026-07-18. Market data, not an appraisal.
400 Ernest Rice Ln is zoned for Hunters Bend Elementary, Grassland Middle School, Franklin High School. Attendance zones and enrollment change, confirm current zoning with the Williamson County Schools district before relying on it.
As of the latest update (2026-06-25), 400 Ernest Rice Ln, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
400 Ernest Rice Ln, Franklin is listed at $2,300,000, about $514 per square foot across 4,474 square feet.
4 bedrooms and 5 ba.
About $514 per square foot ($2,300,000 across 4,474 sqft).
400 Ernest Rice Ln, Franklin was built in 2013.
Yes, 3 garage spaces, per the listing.
HOA dues are $137 per month, as listed.
400 Ernest Rice Ln, Franklin is in the Carolina Close subdivision of Franklin.
400 Ernest Rice Ln, Franklin is zoned for Hunters Bend Elementary, Grassland Middle School, Franklin High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 400 Ernest Rice Ln, Franklin is a standard residential home, not a permitted short-term rental. Ask Grant Hammond about STR-eligible inventory if that is your goal.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
At about $514 per square foot, 400 Ernest Rice Ln, Franklin ranks in the 81st percentile of active Franklin 37069 listings by price per square foot, roughly 41% above the Franklin 37069 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
Franklin 37069 is currently a buyer-favored market (ample supply), at about 6.3 months of inventory, per RealTracs as of 2026-07-16.
Complete reported fields for 400 Ernest Rice Ln (reference).
Get the full details, recent comparable sales, and any off-market options for 400 Ernest Rice Ln - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Listed with Zeitlin Sotheby's International Realty. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.
Market guidance by Grant Hammond, Compass RE, 25+ years, $1B+ in Middle Tennessee sales.
Franklin TN home prices over the trailing six months: 978 closings, a $949,995 median, and the new-construction supply that keeps Williamson County near double the Davidson County median. A broker's data read, with live market stats, current MLS listings, and how Franklin compares to Brentwood.
Short-term rental laws in Middle Tennessee govern permit types, zoning eligibility, and HOA restrictions across Nashville, Brentwood, Franklin, and Belle Meade.
[vc_row][vc_column width="1/1"][vc_column_text]It is quite rare for a high-end property to be foreclosed upon in historic downtown Franklin, TN. It’s even more rare for one of the
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