503 N Petway St, Franklin, TN 37064
503 N Petway St, Franklin, TN 37064, Active at $550,000 ($424/sq ft). 2 bd · 0.5 ba (1 half) · 1,296 sqft · $424/sqft · 0.17 ac.
503 N Petway St, Franklin, TN 37064, Active at $550,000 ($424/sq ft). 2 bd · 0.5 ba (1 half) · 1,296 sqft · $424/sqft · 0.17 ac.
Active · $550,000
MLS #3148473 · updated 2026-07-09 · listed with Steve Cothran Realty, LLC
2-bed, 0.5-bath home at 503 N Petway St in Lynhurst, Franklin, 1,296 sqft, $550,000 ($424/sqft), by Steve Cothran Realty, LLC.
503 N Petway St is a 2-bedroom, 0.5-bath home in Franklin, TN 37064, offered at $550,000, about $424/sq ft across 1,296 sq ft.
At $424/sq ft, this home is about 6% above the Franklin 37064 median list price per square foot of $400.
Market read: Franklin 37064 homes is a buyer-favored market at about 7.3 months of inventory.
School zone: assigned to Franklin Elementary, Freedom Middle School, Centennial High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 503 N Petway St (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of 2026-07-09. RealTracs via IDX.
This is a standard residential home (homes silo), not a short-term-rental property.
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.
Listing remarks courtesy of Steve Cothran Realty, LLC via RealTracs.
| Metric | This home | Franklin 37064 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $424 | $400 median | - |
| Price position | 55th pctile | +9% vs median | - |
This listing beside the active Franklin 37064 market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of 2026-07-18. Analysis, not an appraisal.
At $424/sq ft, this home ranks in the 55th percentile of the active homes in Franklin 37064 by price per square foot.
Franklin 37064 trades about 9% above greater Franklin on a price-per-square-foot basis.
Taken together, this home reads toward the higher end per square foot for Franklin 37064.
Computed by Grant Hammond from the active Franklin 37064 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 | 653 in Franklin 37064 homes |
|---|---|
| Recent absorption | about 89.5 sales / mo |
| Months of inventory | 7.3 months, a buyer-favored market (ample supply) |
Supply-side and recent-sale context for Franklin 37064 homes. Sale figures are trailing 6/12/24-month medians of recorded Franklin 37064 homes closings. Source RealTracs via IDX, as of 2026-07-16. Analysis, not an appraisal.
Estimated monthly ownership for 503 N Petway St at $550,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $550,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Dated history for this listing, tracked by the GH Market Engine.
503 N Petway St sits in Lynhurst, Franklin, Williamson County.
In Franklin 37064, homes there are priced around $400 per square foot; inventory is running at about 7.3 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.
503 N Petway St is zoned for Franklin Elementary, Freedom Middle School, Centennial 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 (2026-07-09), 503 N Petway St, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
503 N Petway St, Franklin is listed at $550,000, about $424 per square foot across 1,296 square feet.
2 bedrooms and 0.5 ba (1 half).
About $424 per square foot ($550,000 across 1,296 sqft).
503 N Petway St, Franklin was built in 1940.
Yes, 4 garage spaces, per the listing.
No HOA dues are reported for this home.
503 N Petway St, Franklin is in the Lynhurst subdivision of Franklin.
503 N Petway St, Franklin is zoned for Franklin Elementary, Freedom Middle School, Centennial High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 503 N Petway St, 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 $424 per square foot, 503 N Petway St, Franklin ranks in the 55th percentile of active Franklin 37064 listings by price per square foot, roughly 6% above the Franklin 37064 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
Franklin 37064 is currently a buyer-favored market (ample supply), at about 7.3 months of inventory, per RealTracs as of 2026-07-16.
Complete reported fields for 503 N Petway St (reference).
Get the full details, recent comparable sales, and any off-market options for 503 N Petway St - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Listed with Steve Cothran Realty, LLC. 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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