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MLS #3205274 · updated 2026-06-28 · listed with Realty One Group Music City
4-bed, 3-bath home at 305 4th Ave S in Historic Downtown Franklin, Franklin, 3,860 sqft, $2,330,000 ($604/sqft), by Realty One Group Music City.
305 4th Ave S is a 4-bedroom, 3-bath home in Franklin, TN 37064, offered at $2,330,000, about $604/sq ft across 3,860 sq ft.
At $604/sq ft, this home is about 51% 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, Franklin High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 305 4th Ave S (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of 2026-06-28. RealTracs via IDX.
This is a standard residential home (homes silo), not a short-term-rental property.
Perfectly positioned just moments from Pinkerton Park and a short stroll into Downtown Franklin, this iconic Victorian presence offers a rare opportunity to own in one of Franklin's most sought-after locations, where charm, convenience, and long-term value converge. Set on a spacious corner lot, the home welcomes you with soaring ceilings, four functioning fireplaces, and a collection of timeless architectural details including pocket doors, transoms, beaded ceilings, and custom built-ins. The character here is authentic and increasingly hard to find. Beyond its undeniable lifestyle appeal, walkability to parks, festivals, dining, and everyday conveniences, the property also presents a compelling case for the investment-minded buyer. With consistent demand for executive and mid-term housing in this highly desirable corridor, the flexibility for furnished or longer-term rental use enhances its long-term potential. Outdoor space and functionality are equally notable, with a detached two-car garage, additional driveway parking, and room to create a workshop, studio, or private retreat, an uncommon advantage this close to downtown. Offered at a compelling price point relative to nearby properties, this home represents a unique chance to secure space, location, and character in the heart of Franklin. Whether you're looking to settle in, invest, or both, opportunities like this are becoming increasingly rare. The quintessential Franklin LIFESTYLE awaits!
Listing remarks courtesy of Realty One Group Music City via RealTracs.
| Metric | This home | Franklin 37064 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $604 | $400 median | - |
| Price position | 80th 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.
Among the active homes in Franklin 37064, this home at $604/sq ft falls in the 80th percentile on 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 305 4th Ave S at $2,330,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $2,330,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
The Williamson County appraised value of $1,065,600 trails the $2,330,000 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $4,252 now to roughly $9,297 (appraised value times the 25% Tennessee residential ratio times the Franklin, Williamson County rate). Reassessment timing and the certified rate can change, and a purchase does not by itself trigger reassessment. Verify with the Williamson County Assessor of Property and Trustee. Estimate only.
Last sale and county assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
Dated history for this listing, tracked by the GH Market Engine.
305 4th Ave S sits in Historic Downtown Franklin, 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.
305 4th 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.
As of the latest update (2026-06-28), 305 4th Ave S, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
305 4th Ave S, Franklin is listed at $2,330,000, about $604 per square foot across 3,860 square feet.
4 bedrooms and 3 ba.
About $604 per square foot ($2,330,000 across 3,860 sqft).
305 4th Ave S, Franklin was built in 1900.
Yes, 2 garage spaces, per the listing.
No HOA dues are reported for this home.
305 4th Ave S, Franklin is in the Historic Downtown Franklin subdivision of Franklin.
305 4th 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, 305 4th 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.
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 $604 per square foot, 305 4th Ave S, Franklin ranks in the 80th percentile of active Franklin 37064 listings by price per square foot, roughly 51% 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 305 4th Ave S (reference).
Get the full details, recent comparable sales, and any off-market options for 305 4th Ave S - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Listed with Realty One Group Music City. 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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