242 Spencer Creek Rd, Franklin, TN 37069
Active · $1,999,000
4.22 acres$473,697 /acreLot/Land/Acreage
MLS #3170136 · updated 2026-04-09 · listed with Compass RE
Active · $1,999,000
MLS #3170136 · updated 2026-04-09 · listed with Compass RE
4.22-acre homesite at 242 Spencer Creek Rd in None, Franklin, $1,999,000 ($473,697/acre), by Compass RE.
242 Spencer Creek Rd is a 4.22-acre homesite in Franklin, TN 37069, offered at $1,999,000.
Next step: ask Grant Hammond anything about 242 Spencer Creek Rd (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of 2026-04-09. RealTracs via IDX.
This is a vacant homesite (land silo), lot size, price per acre, and buildability are below; interior and residence data do not apply.
Welcome to 242 Spencer Creek Rd, one of the only remaining hillside properties in the heart of Franklin, TN. This property offers endless possibilities for those looking to build their dream home or invest in a slice of Tennessee's picturesque landscape. With views across the valley; this land provides a peaceful backdrop while still being conveniently located near local amenities, schools, Cool Springs and Downtown Franklin. The lush natural surroundings offer a sense of tranquility and privacy, making it an ideal retreat from the hustle and bustle of everyday life. With its gentle topography, the land is perfectly suited for a variety of architectural designs, allowing you to create a custom home that fits your vision. Water, Gas, Sewer and Electric are all available at Spencer Creek Rd. BUYERS AGENTS WELCOMED! Seize this rare opportunity to shape your own space in one of Tennessee's most desirable locales. Contact us today to explore the possibilities that await you on this remarkable property.
Listing remarks courtesy of Compass RE via RealTracs.
The evidence behind that pricing read:
Financing a homesite differs from a home mortgage, lot/land loans typically require a larger down payment and a shorter term, and many buyers pay cash or use build-to-permanent financing. Ongoing cost is property tax on the assessed land value. Estimate only; not a loan offer.
| List price | $1,999,000 |
|---|---|
| Property tax basis | Assessed land value × the county assessment ratio (varies by land classification) × the Williamson County rate |
Dated history for this listing, tracked by the GH Market Engine.
242 Spencer Creek Rd sits in None, Franklin, Williamson County.
As of the latest update (2026-04-09), 242 Spencer Creek Rd, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
242 Spencer Creek Rd, Franklin is listed at $1,999,000, about $473,697 per acre across 4.22 acres.
4.22 acres (4.22 ac).
About $473,697 per acre.
242 Spencer Creek Rd, Franklin is in the None subdivision of Franklin.
No HOA dues are reported for this homesite.
242 Spencer Creek Rd, Franklin is a homesite; buildability depends on zoning, available utilities, and topography, confirm with the county before purchase. Ask Grant Hammond about new-construction and short-term-rental development potential.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
Complete reported fields for 242 Spencer Creek Rd (reference).
Get the full details, recent comparable sales, and any off-market options for 242 Spencer Creek Rd - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Listed with Compass RE. 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 single-family homes closed at a median of $1,050,000, or $342 per square foot, over the past 24 months. Median price per square foot runs from $306 to $462 across the seven Williamson County Schools high-school attendance zones (RealTracs, 3,387 closings).
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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