224 3rd Ave S, Franklin, TN 37064
224 3rd Ave S, Franklin, TN 37064, Active at $3,575,000 ($754/sq ft). 4 bd · 3.5 ba (3 full, 1 half) · 4,742 sqft · $754/sqft · 0.51 ac.
224 3rd Ave S, Franklin, TN 37064, Active at $3,575,000 ($754/sq ft). 4 bd · 3.5 ba (3 full, 1 half) · 4,742 sqft · $754/sqft · 0.51 ac.
Active · $3,575,000
MLS #3194229 · listed November 9, 2025 · 295 days on market · updated July 25, 2026
4-bed, 3.5-bath home at 224 3rd Ave S in Historic Downtown, Franklin, 4,742 sqft, $3,575,000 ($754/sqft), by MERIT Real Estate Advisors.
224 3rd Ave S is a 4-bedroom, 3.5-bath home in Franklin, TN 37064, offered at $3,575,000, about $754/sq ft across 4,742 sq ft.
Market read: the Franklin 37064 homes market is balanced, at about 4.4 months of inventory.
All-in, about $21,025/mo at 20% down (6.9% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $2,189/mo, roughly 10% of the all-in monthly payment.
At the current 6.81% 30-year rate, principal and interest on this home runs about $18,664/mo; at the 6.56% rate of about three months ago it would be roughly $18,190/mo, so monthly P&I is about $474 higher now.
School zone: assigned to Franklin Elementary, Freedom Middle School, Franklin High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 224 3rd Ave S (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of July 25, 2026. RealTracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Franklin.
Welcome to this beautiful 1805 home located in the heart of Historic Downtown Franklin. This stately brick home was one of Franklin?s first residences. The estate sits on over a half acre. The back yard is fenced for privacy and enjoyment of the multiple outdoor living areas. It is prominently located on prestigious 3rd Avenue South and is only one block from the Franklin Tennessee town square. This stately home was extraordinarily well-constructed by master craftsmen to stand the test of time and it certainly has for the past 221 years while becoming even more beautiful and refined. The Federal-style home opens to a stunning foyer featuring 12 ft. soaring ceilings and an elegant handcrafted stair case with original poplar steps and oak railing. Original 1? thick tongue-in-groove ash floors grace the interior which was fully renovated by Tallman Enterprises and includes: Primary-on-the-main with luxurious ensuite. The open and naturally lit chef?s kitchen. The home also features a spacious 28x21? den with an impressive stone wood-burning fireplace, an attached 2.5 car garage including additional storage and new private driveway, separate walk-in guest house with complete kitchen and attached garage. GUEST HOUSE NOT INCLUDED IN SQUARE FOOTAGE. Ideally suited for multigeneration living or income-producing. A beach-entry L-shaped swimming pool compliments beautifully landscaped front, side and backyards which include fountains and a charming traditional English garden. This is an exceptional opportunity to purchase a grand estate property just one block from Main Street in one of Franklin?s most cherished locations. Proudly listed on the National Register of Historic Places, this is a signature residence in Historic Downtown Franklin. Welcome to the iconic Saunders-Marshall-Wright House.
Listing remarks via the RealTracs Internet Data Exchange.
Complete reported fields for 224 3rd Ave S (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $3,575,000 | — |
Estimated monthly ownership for 224 3rd Ave S at $3,575,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $3,575,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Estimated total monthly payment for 224 3rd Ave S is about $21,025/mo, 20% down on a 30-year fixed at 6.90% (a jumbo loan), including principal & interest $18,836, estimated property tax $1,189, homeowners insurance $1,000. Estimate only; not a loan offer.
| Principal & interest | $18,836/mo |
|---|---|
| Property tax (est.) | $1,189/mo |
| Homeowners insurance (est.) | $1,000/mo |
| Estimated total | $21,025/mo |
Assumes 20% down, 30-year fixed at 6.90% (Mortgage News Daily, as of August 28, 2026). Property tax uses the Franklin, Williamson County rate at the 25% TN residential ratio. Estimate only; not a loan offer or appraisal. Enable JavaScript to adjust down payment, term, loan type, and rate.
| 30-year rate | Principal & interest | Est. total / mo | vs current |
|---|---|---|---|
| 5.9% | $16,964/mo | $19,153/mo | -$1,872/mo |
| 6.4% | $17,889/mo | $20,078/mo | -$947/mo |
| 6.9% | $18,836/mo | $21,025/mo | current |
| 7.4% | $19,802/mo | $21,991/mo | +$966/mo |
| 7.9% | $20,787/mo | $22,976/mo | +$1,951/mo |
Principal & interest on a 30-year fixed at 20% down ($2,860,000 loan), with property tax, insurance held constant at $2,189/mo. Current 30-year fixed 6.90% (Mortgage News Daily, as of August 28, 2026). Estimate only; not a loan offer.
Owning 224 3rd Ave S runs about $21,025/mo all-in, from the payment estimate above. Whether buying beats renting turns on how long you stay, how fast prices and rents move, and the rent you would otherwise pay. Turn on JavaScript to model those assumptions and find the year buying pulls ahead.
Method: net cost to own equals down payment plus about 3% closing plus payments made, minus equity built (principal paid and appreciation) and about 7% exit costs, measured against cumulative rent. Broker commissions are not set by law and are fully negotiable. Estimate only; not financial advice.
| Metric | This home | Franklin 37064 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $754 | $391 median | - |
| Price position | 90th pctile | +93% vs median | - |
This listing beside the active Franklin 37064 market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of August 30, 2026.
At $754/sq ft, this home ranks in the 90th percentile of the active homes in Franklin 37064 by price per square foot.
Computed by Grant Hammond from the active Franklin 37064 comparables (RealTracs via IDX), as of August 30, 2026, refreshed weekly.
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).
| Active listings | 435 in Franklin 37064 homes |
|---|---|
| Recent absorption | about 98.9 sales / mo |
| Months of inventory | 4.4 months, a balanced market |
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 August 29, 2026.
224 3rd Ave S sits in Historic Downtown, Franklin, Williamson County.
In Franklin 37064, homes there are priced around $391 per square foot; inventory in Franklin 37064 homes is running at about 4.4 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of 2026-08-30.
Approximately 17 miles from downtown Nashville (straight-line distance).
224 3rd Ave S is zoned for Franklin Elementary, Freedom Middle School, Franklin High School. Attendance zones and enrollment change, confirm current zoning with the Williamson County Schools district before relying on it.
Get the full details, recent comparable sales, and any off-market options for 224 3rd Ave S - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable active listings near 224 3rd Ave S, by price and size.
Listed with MERIT Real Estate Advisors. 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.
Franklin TN home prices: 978 closings, a $949,995 median, $345/sqft, and the new-construction supply behind Williamson County's numbers.
Country music star Kenny Chesney purchased a Franklin mansion from Jimmy Franks, representing one of the most notable celebrity real estate transactions in Williamson County.
July 2026 Middle Tennessee real estate data shows the average sale price up 6% year over year to $646,875, active inventory up 9%, and new contracts down 1% even as closings fell 8% and new listings dropped 19%. Months of supply rose to 4.92. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
Brentwood does not price as one market. Over the trailing 24 months, the new-construction enclaves Rosebrooke (about $3.74M median) and Witherspoon (about $3.33M) price above the established gated golf community at Governors Club (about $2.35M), against a townwide median near $1.58M. A Nashville broker's subdivision-level read for summer 2026 with live listings.
As of the latest update (July 25, 2026), 224 3rd Ave S, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
224 3rd Ave S, Franklin is listed at $3,575,000, about $754 per square foot across 4,742 square feet.
4 bedrooms and 3.5 bathrooms (3 full, 1 half).
About $754 per square foot ($3,575,000 across 4,742 sqft).
224 3rd Ave S, Franklin was built in 1805.
Yes, 3 garage spaces, per the listing.
No HOA dues are reported for this home.
224 3rd Ave S, Franklin is in the Historic Downtown subdivision of Franklin.
About $21,025 a month with 20% down on a 30-year fixed at 6.9%, principal and interest $18,836, estimated property tax $1,189, insurance $1,000. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
224 3rd Ave S, Franklin is zoned for Franklin Elementary, Freedom Middle School, Franklin High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 224 3rd Ave S, Franklin is a standard residential home, not a permitted short-term rental. Ask Grant Hammond about STR-eligible inventory if that is your goal.
Request a time using the tour form on this page (in-person or a live video walkthrough), or call or text Grant Hammond, Compass RE, at (615) 945-7123. Most showings are confirmed within 24 to 48 hours.
Grant Hammond, Compass RE, can prepare and present your offer, walk you through price, contingencies, and timeline, and represent you through closing. Start with the form on this page or call (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Yes. This page shows the full photo set and reported MLS fields; contact Grant Hammond, Compass RE, for a disclosure packet, recent comparable sales, and any off-market options.
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 $754 per square foot, 224 3rd Ave S, Franklin ranks in the 90th percentile of active Franklin 37064 listings by price per square foot, roughly 93% above the Franklin 37064 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Franklin 37064 homes market is currently balanced, at about 4.4 months of inventory, per RealTracs as of 2026-08-29.
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