Property details
Description of 5018 Penfield Dr, Franklin, TN 37069
Discover the ease of luxury, low-maintenance living in Phase 2 of one of Franklin's most exciting new communities just minutes from the iconic downtown square. This pre-sale end-unit townhome offers over 2,400 square feet of thoughtfully designed living space with 3 bedrooms, 2.5 baths, and additional yard space rarely found in townhome living. Designed for both everyday comfort and effortless entertaining, the open-concept floorplan flows seamlessly from the spacious living room with ventless gas fireplace into the dining area accented by beautiful wood beams and onward to the designer kitchen. Hardwood flooring extends throughout the main living areas, while the bedrooms offer soft carpet underfoot for added comfort. Upstairs, a versatile rec room provides the perfect flex space for a media room, home office, fitness area, or secondary living space. As a pre-sale opportunity, buyers who act early will enjoy the rare chance to make limited design selections including flooring, paint colors, cabinetry, and more , allowing you to personalize the home to fit your style before completion. Reese is thoughtfully planned for a true lock-and-leave lifestyle, with exterior maintenance included so you can spend less time maintaining and more time enjoying everything Franklin has to offer. Future community amenities will include a resort-style pool, pickleball courts, multi-use walking trails, and a dog park , all designed to foster connection, convenience, and active living. Ideally located in the heart of Franklin and less than 2 miles from downtown Franklin Square, Reese offers quick access to shopping, dining, entertainment, and everyday conveniences while providing the charm and community feel buyers are seeking.
Listing updated:
Zoned schools: Poplar Grove K-4, Poplar Grove 5-8, Franklin High School (verify current zoning with the district).
Discover the ease of luxury, low-maintenance living in Phase 2 of one of Franklin's most exciting new communities just minutes from the iconic downtown square. This pre-sale end-unit townhome offers over 2,400 square feet of thoughtfully designed living space with 3 bedrooms, 2.5 baths, and additional yard space rarely found in townhome living. Designed for both everyday comfort and effortless entertaining, the open-concept floorplan flows seamlessly from the spacious living room with ventless gas fireplace into the dining area accented by beautiful wood beams and onward to the designer kitchen. Hardwood flooring extends throughout the main living areas, while the bedrooms offer soft carpet underfoot for added comfort. Upstairs, a versatile rec room provides the perfect flex space for a media room, home office, fitness area, or secondary living space. As a pre-sale opportunity, buyers who act early will enjoy the rare chance to make limited design selections including flooring, paint colors, cabinetry, and more "” allowing you to personalize the home to fit your style before completion. Reese is thoughtfully planned for a true lock-and-leave lifestyle, with exterior maintenance included so you can spend less time maintaining and more time enjoying everything Franklin has to offer. Future community amenities will include a resort-style pool, pickleball courts, multi-use walking trails, and a dog park "” all designed to foster connection, convenience, and active living. Ideally located in the heart of Franklin and less than 2 miles from downtown Franklin Square, Reese offers quick access to shopping, dining, entertainment, and everyday conveniences while providing the charm and community feel buyers are seeking.
| LAST UPDATED | 6/16/2026 | TRACT | Reese |
|---|---|---|---|
| YEAR BUILT | 2026 | GARAGE SPACES | 2.0 |
| COUNTY | Williamson | STATUS | Conditional |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Poplar Grove K-4 |
|---|---|
| Jr. High School | Poplar Grove 5-8 |
| High School | Franklin High School |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Maintenance Grounds, Maintenance Structure |
| APPLIANCES | Dishwasher, Disposal, Electric Oven, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s) |
| BASEMENT | None |
| CONSTRUCTION | Brick, Fiber Cement, Stone |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central, Natural Gas |
| HOA DUES | 258 |
| INTERIOR | Built-in Features, Ceiling Fan(s), High Ceilings, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s) |
| LOT | 0 |
| PARKING | Garage Door Opener, Alley Access, Driveway |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Reese |
| TAXES | 3440 |
| UTILITIES | Electricity Available, Natural Gas Available, Water Available, Cable Connected, Underground Utilities |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
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Information Is Believed To Be Accurate But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
About this condo
Status: this condo is currently under contract, per RealTracs as of July 10, 2026.
5018 Penfield Dr, Franklin, TN 37069 is a 3-bedroom, 2.5-bath condo in Franklin, TN 37069, offered at $886,900, about $368/sq ft across 2,412 sq ft.
At $368/sq ft, this condo is priced in line with the Franklin 37069 list-price median of $365/sq ft.
Recently sold at Reese: 12 comparable homes from $754,440 to $1,235,783, a median of $362/sq ft.
All-in, about $5,246/mo at 20% down (6.57% 30-yr).
At the current 6.57% 30-year rate, principal and interest on this condo runs about $4,517/mo; at the 6.29% rate of about three months ago it would be roughly $4,387/mo; monthly P&I is about $130 higher now.
Beyond principal and interest, the recurring carrying costs on this condo (property tax (about $287/mo), insurance (about $185/mo), and HOA (about $258/mo)) run about $729/mo, roughly 14% of the all-in monthly payment.
How is it priced at Reese?
Reese condos: a balanced market as of 07-05-2026. About 4.8 months of supply, 100% sale-to-list.
| Active listings | 20 |
|---|---|
| Homes closed (12-mo) | 5 |
| Median closed price | $772,400 |
| Average closed price | $772,400 |
| Sale-to-list | 100% |
| Months of supply | 4.8 |
As of (20 active listings). Source: RealTracs via IDX. Analysis by Grant Hammond.
How this condo compares in Reese
Its $368/sq ft is at the top of Reese, about the 100th percentile of its 20 active condo comparables.
Computed by Grant Hammond from 20 active Reese comparables (RealTracs via IDX), refreshed weekly. Analysis, not an appraisal.
What units sell for in Reese, by size
Median closed price and price per square foot by unit size in Reese, from the last 12 months of recorded sales:
| Unit size | Median sold | Median $/sq ft | Closings |
|---|---|---|---|
| 3 BR | $772,400 | $357 | 9 |
| 4+ BR | $1,214,858 | $388 | 13 |
Computed by Grant Hammond from recorded sales in Reese over the last 12 months (RealTracs via IDX). Analysis, not an appraisal.
Financing 5018 Penfield Dr, Franklin
The estimated monthly payment for 5018 Penfield Dr, Franklin is about $5,246: a conforming 30-year mortgage at 6.569% with 20% down, including property tax, insurance, and HOA. Estimate only; not a loan offer or appraisal.
- Principal & interest: $4,517
- Property tax: $287
- Insurance (est.): $185
- HOA: $258
- Income to qualify: $224,843
- Cash to close: $203,987
- Equity at yr 5: $222,187
30- vs 15-year fixed, monthly. Source: Freddie Mac & Optimal Blue via FRED, updated 2026-07-08.
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
Is 5018 Penfield Dr still for sale?
5018 Penfield Dr is currently under contract as of 06-16-2026, per RealTracs. Contact Grant Hammond, Compass RE, to ask whether backup offers are being accepted.
Is 5018 Penfield Dr new construction?
5018 Penfield Dr is a 2026 new-construction building, per the listing. For new construction, confirm the delivery timeline, what conveys, and the HOA budget with the developer before closing.
How much does 5018 Penfield Dr cost?
5018 Penfield Dr is listed at $886,900, about $368 per square foot across 2,412 square feet (as of 06-16-2026).
What is the price per square foot for 5018 Penfield Dr?
5018 Penfield Dr is priced at $368 per square foot, 2,412 square feet at $886,900 (as of 06-16-2026).
What are the HOA dues for 5018 Penfield Dr?
HOA dues for 5018 Penfield Dr are $258 per month, as listed (as of 06-16-2026).
Does 5018 Penfield Dr have a garage?
Yes. 5018 Penfield Dr has a garage, per the listing.
Does 5018 Penfield Dr have a basement?
No. 5018 Penfield Dr has no basement, per the listing.
When was 5018 Penfield Dr built?
5018 Penfield Dr was built in 2026.
What are the property taxes on 5018 Penfield Dr?
The annual property tax reported for 5018 Penfield Dr is about $3,440 (as reported on the listing, as of 06-16-2026).
What is the estimated monthly payment for 5018 Penfield Dr?
About $5,246 per month at 6.569% 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 5018 Penfield Dr?
5018 Penfield Dr is zoned for Poplar Grove K-4, Poplar Grove 5-8, Franklin 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 balanced market, with about 4.8 months of supply, 100% sale-to-list (as of 07-05-2026, RealTracs via IDX).
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Market and guidance
Market guidance by Grant Hammond, Compass RE, with 25+ years and $1B+ in Middle Tennessee sales.
