Property details
Description of 509 Averwater Ct
Just 4 miles to Downtown Franklin, this beautifully maintained 5 bedroom, 2.5 bath home offers the ideal blend of space, privacy, and location in highly sought-after Williamson County. Tucked on a quiet cul-de-sac and set on a generous lot backing to private greenspace, the fully fenced backyard feels like your own retreat with peaceful wooded views, mature trees, and frequent visits from deer and wildlife. This is the kind of outdoor space buyers are searching for. Flat, usable, and private with room to truly live. Whether it's kids, pets, entertaining, or simply unwinding at the end of the day, this backyard delivers. There is ample space to create your dream setup with a pool, outdoor kitchen, fire pit, or expanded patio while still maintaining privacy and open space. Inside, the home is designed for both everyday living and flexibility. A large bonus room provides the perfect space for a media room, playroom, or hobbies, while two oversized walk-in attic storage areas offer exceptional functionality for seasonal storage, organization, or future expansion potential. A three car garage adds even more convenience. Location truly sets this home apart. Just 2 minutes to Williamson Medical Center, 5 miles to Cool Springs shopping and dining, and 19 miles to Downtown Nashville with easy access to I-65. This home offers the lifestyle, location, and livability today's buyers are searching for. For the 2026-2027 school year, Williamson County Schools for the first time in the history of their schools, is offering open-zoned/out-of-zone enrollment opportunities for eligible Williamson County residents, subject to application, capacity, and lottery if needed. Applications and details available at www.wcs.edu/about-us/school-zones or call (615) 472-4000 and ask for the zoning dept. Please due appropriate due diligence. Private. Spacious. Connected. This is Franklin living at its best.
Listing updated: 2026-07-09
Zoned schools: Liberty Elementary, Freedom Middle School, Centennial High School (verify current zoning with the district).
About this home
509 Averwater Ct is a 5-bedroom, 2.5-bath home in Franklin, TN 37067, last listed at $925,000, about $281/sq ft across 3,290 sq ft.
At $281/sq ft, this home is about 14% below the Franklin 37067 median list price per square foot of $326.
Recently sold at Caldwell Est Sec 2: 4 comparable homes from $840,000 to $1,025,000, a median of $269/sq ft.
Price & sale history
- Last sold for $290,000 in June 2002.
- County assessment: $566,700 total appraised value (land $105,000 + improvements $461,700).
- Listed at $925,000, about 63% above the county total appraised value ($566,700), the mass-appraisal basis rather than a market appraisal.
- 34 days on market (tracked since Jun 19, 2026).
Last sale & county assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
How is it priced in Franklin?
Franklin 37067 single-family: a buyer's market as of 07-26-2026. About 9.3 months of supply, 99.9% sale-to-list.
| Active listings | 216 |
|---|---|
| Median list price | $1,225,668 |
| Median $/sqft (list) | $326 |
| Homes closed (12-mo) | 333 |
| Median closed price | $1,004,000 |
| Average closed price | $1,261,940 |
| Sale-to-list | 99.9% |
| Months of supply | 9.3 |
As of (216 active listings). Source: RealTracs via IDX. Analysis by Grant Hammond.
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How this home compares in Franklin 37067
At $281/sq ft, this home ranks in the 17th percentile of the 239 active homes in Franklin 37067 by price per square foot.
Franklin 37067 trades about 12% below greater Franklin on a price-per-square-foot basis.
Computed by Grant Hammond from 239 active Franklin 37067 comparables (RealTracs via IDX), refreshed weekly. Analysis, not an appraisal.
Williamson County home prices by school zone
Closed single-family sales, trailing 24 monthsHomes zoned to Centennial High closed at a median of $765,000 ($306/sq ft) over the past 24 months, across 735 single-family sales. That is the sixth-highest price per square foot of Williamson County's 9 high-school zones, 4% below the $319/sq ft countywide median.
RealTracs closed single-family sales, trailing 24 months, grouped by high-school attendance zone. Assignment depends on the exact address and can change; verify with the district before making an offer. Analysis by Grant Hammond, data via RealTracs (IDX).
Financing 509 Averwater Ct, Franklin
The estimated monthly payment for 509 Averwater Ct, Franklin is about $5,637: a conforming 30-year mortgage at 6.68% with 20% down, including property tax, insurance, and HOA. Estimate only; not a loan offer or appraisal.
- Principal & interest: $4,765
- Property tax: $389
- Insurance (est.): $324
- HOA: $159
- Income to qualify: $241,585
- Cash to close: $212,750
- Equity at yr 5: $230,862
30- vs 15-year fixed, monthly. Source: Freddie Mac & Optimal Blue via FRED, updated 2026-07-23.
Property tax is the actual annual amount reported on the listing for this property, not a list-price estimate. Insurance/PMI are estimates; rate is editable. Estimate only; not a loan offer.
Frequently asked questions
How much does 509 Averwater Ct cost?
509 Averwater Ct is listed at $925,000, about $281 per square foot across 3,290 square feet (as of 07-09-2026).
What is the price per square foot for 509 Averwater Ct?
509 Averwater Ct is priced at $281 per square foot, 3,290 square feet at $925,000 (as of 07-09-2026).
What are the HOA dues for 509 Averwater Ct?
HOA dues for 509 Averwater Ct are $159 per month, as listed (as of 07-09-2026).
Are pets allowed at 509 Averwater Ct?
Pets are permitted at 509 Averwater Ct, as listed (as of 07-09-2026). Any breed, size, or number limits are set by the HOA or owner; confirm the current pet policy before relying on it.
What schools is 509 Averwater Ct, Franklin zoned for?
509 Averwater Ct, Franklin is zoned for Liberty Elementary (elementary), Freedom Middle School (middle), Centennial High School (high) in Williamson County, per the listing. Attendance zones are assigned by address and can change; confirm the current assignment with the school district before relying on it.
How big is the lot for 509 Averwater Ct?
509 Averwater Ct sits on a 0.59-acre lot, measuring approximately 25,701 sqft (per the listing).
Does 509 Averwater Ct have a garage?
Yes. 509 Averwater Ct has a garage, per the listing.
Does 509 Averwater Ct have a basement?
No. 509 Averwater Ct has no basement, per the listing.
When was 509 Averwater Ct built?
509 Averwater Ct was built in 1995.
What are the property taxes on 509 Averwater Ct?
The annual property tax reported for 509 Averwater Ct is about $4,668 (as reported on the listing, as of 07-09-2026).
What is the estimated monthly payment for 509 Averwater Ct?
About $5,637 per month at 6.68% on a 30-year loan with 20% down, including the actual property tax and an insurance estimate. Estimate only, not a loan offer.
What schools serve 509 Averwater Ct?
509 Averwater Ct is zoned for Liberty Elementary, Freedom Middle School, Centennial High School, per the listing. Verify current enrollment and zoning with the district.
Is Franklin a buyer's or seller's market?
Franklin is currently a buyer's market, with about 9.2 months of supply, 100% sale-to-list. The median list price is around $1,145,950 (as of 07-26-2026, RealTracs via IDX).
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Market guidance by Grant Hammond, Compass RE, with 25+ years and $1B+ in Middle Tennessee sales.