242 Rich Cir, Franklin, TN 37064
242 Rich Cir, Franklin, TN 37064, Active at $1,000,000 ($298/sq ft). 5 bd · 4 ba · 3,351 sqft · $298/sqft · 0.22 ac.
242 Rich Cir, Franklin, TN 37064, Active at $1,000,000 ($298/sq ft). 5 bd · 4 ba · 3,351 sqft · $298/sqft · 0.22 ac.
Active · $1,000,000
MLS #3269388 · listed July 9, 2026 · 61 days on market · updated August 13, 2026
5-bed, 4-bath home at 242 Rich Cir in Highlands @ Ladd Park Sec19, Franklin, 3,351 sqft, $1,000,000 ($298/sqft), by Compass RE.
242 Rich Cir is a 5-bedroom, 4-bath home in Franklin, TN 37064, offered at $1,000,000, about $298/sq ft across 3,351 sq ft.
At $298/sq ft, this home is about 25% below the Franklin 37064 median list price per square foot of $400.
Market read: the Franklin 37064 homes market is balanced, at about 4.6 months of inventory.
All-in, about $6,187/mo at 20% down (6.89% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance, and HOA) run about $924/mo, roughly 15% of the all-in monthly payment.
At the current 6.89% 30-year rate, principal and interest on this home runs about $5,263/mo; at the 6.66% rate of about three months ago it would be roughly $5,141/mo, so monthly P&I is about $122 higher now.
School zone: assigned to Creekside Elementary School, Fred J Page Middle School, Fred J Page High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 242 Rich Cir (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of August 13, 2026. RealTracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Franklin.
Lovingly maintained by its original owners, this exceptional Ladd Park home offers a rare combination of thoughtful design, quality construction, and one of the most desirable homesites in the neighborhood. Overlooking protected green space, the home welcomes you with abundant natural light, specialty ceilings, and a flexible floor plan designed for everyday living and entertaining. The main level features a secondary bedroom or private office, spacious living areas, and seamless access to the covered deck. Upstairs offers generously sized bedrooms, an oversized bonus room, and abundant closet space. Additional highlights include a tankless water heater, numerous custom upgrades, and a highly desirable 3-car garage configuration with an attached 2-car garage plus a separate single-car bay. What truly sets this home apart is its expansive side yard - an incredibly rare feature in Ladd Park. This oversized outdoor space offers endless possibilities for creating your own private retreat. While the HOA does not permit fencing, the CCRs allow approved evergreen privacy screening, providing the opportunity to create natural seclusion through thoughtful landscaping. Imagine a cozy fire pit, outdoor dining area, garden, conversation space, or peaceful reading nook surrounded by mature evergreens while preserving the neighborhood's open character. A conceptual landscape rendering illustrating this vision is available for buyers to view. Few homes in Ladd Park offer this combination of usable green space, privacy potential, protected green space views, and a floor plan that lives so comfortably. This is a rare opportunity to own a meticulously cared-for home with exceptional indoor and outdoor living potential. 12-hour advance notice required for showings.
Listing remarks via the RealTracs Internet Data Exchange.
Complete reported fields for 242 Rich Cir (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Last recorded sale | $634,900 | — | |
| Listed | $1,000,000 | — |
County assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
Estimated monthly ownership for 242 Rich Cir at $1,000,000: principal & interest, property tax, insurance, and HOA. Estimate only; not a loan offer.
| List price | $1,000,000 |
|---|---|
| HOA dues | $115 / mo |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Estimated total monthly payment for 242 Rich Cir is about $6,187/mo, 20% down on a 30-year fixed at 6.89% (a conforming loan), including principal & interest $5,263, estimated property tax $326, homeowners insurance $483, and HOA dues $115. Estimate only; not a loan offer.
| Principal & interest | $5,263/mo |
|---|---|
| Property tax (est.) | $326/mo |
| Homeowners insurance (est.) | $483/mo |
| HOA dues | $115/mo |
| Estimated total | $6,187/mo |
Assumes 20% down, 30-year fixed at 6.89% (Mortgage News Daily, as of September 4, 2026). Property tax uses the Franklin, Williamson County rate outside the Franklin Special School District (FSSD addresses add $0.7673 per $100) 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 |
|---|---|---|---|
| 5.89% | $4,740/mo | $5,664/mo | -$523/mo |
| 6.39% | $4,999/mo | $5,923/mo | -$264/mo |
| 6.89% | $5,263/mo | $6,187/mo | current |
| 7.39% | $5,534/mo | $6,458/mo | +$271/mo |
| 7.89% | $5,809/mo | $6,733/mo | +$546/mo |
Principal & interest on a 30-year fixed at 20% down ($800,000 loan), with property tax, insurance, and HOA held constant at $924/mo. Current 30-year fixed 6.89% (Mortgage News Daily, as of September 4, 2026). Estimate only; not a loan offer.
Owning 242 Rich Cir runs about $6,187/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.
The Williamson County appraised value of $628,200 trails the $1,000,000 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $2,459 now to roughly $3,915 (appraised value times the 25% Tennessee residential ratio times the Franklin, Williamson County rate outside the Franklin Special School District (FSSD addresses add $0.7673 per $100)). 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.
| Metric | This home | Franklin 37064 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $298 | $400 median | - |
| Price position | 16th pctile | -25% vs median | - |
| Franklin 37064 vs greater Franklin | - | +10% | - |
This listing beside the active Franklin 37064 market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of September 7, 2026.
Among the active homes in Franklin 37064, this home at $298/sq ft falls in the 16th percentile on price per square foot.
Franklin 37064 trades about 10% above greater Franklin on a price-per-square-foot basis.
Taken together, this home reads toward the lower end per square foot for Franklin 37064.
Computed by Grant Hammond from the active Franklin 37064 comparables (RealTracs via IDX), as of September 7, 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 | 438 in Franklin 37064 homes |
|---|---|
| Recent absorption | about 95.2 sales / mo |
| Months of inventory | 4.6 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 September 6, 2026.
242 Rich Cir sits in Highlands @ Ladd Park Sec19, Franklin, Williamson County.
In Franklin 37064, homes there are priced around $400 per square foot; inventory in Franklin 37064 homes is running at about 4.6 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of September 7, 2026.
Approximately 20 miles from downtown Nashville (straight-line distance).
242 Rich Cir is zoned for Creekside Elementary School, Fred J Page Middle School, Fred J Page 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 242 Rich Cir - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable active listings near 242 Rich Cir, by price and size.
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.
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.
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.
August 2026 Middle Tennessee real estate data shows active inventory up 10% year over year to 14,294 homes, months of supply at 5.59, and the average sale price up 3% to $637,141 while the median held flat at $450,000. Preliminary closings and listing counts will revise; this post updates September 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
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.
As of the latest update (August 13, 2026), 242 Rich Cir, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
242 Rich Cir, Franklin is listed at $1,000,000, about $298 per square foot across 3,351 square feet.
5 bedrooms and 4 bathrooms.
About $298 per square foot ($1,000,000 across 3,351 sqft).
242 Rich Cir, Franklin was built in 2019.
Yes, 3 garage spaces, per the listing.
HOA dues are $115 per month, as listed.
242 Rich Cir, Franklin is in the Highlands @ Ladd Park Sec19 subdivision of Franklin.
About $6,187 a month with 20% down on a 30-year fixed at 6.89%, principal and interest $5,263, estimated property tax $326, insurance $483, and HOA $115. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
242 Rich Cir, Franklin is zoned for Creekside Elementary School, Fred J Page Middle School, Fred J Page High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 242 Rich Cir, 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 $298 per square foot, 242 Rich Cir, Franklin ranks in the 16th percentile of active Franklin 37064 listings by price per square foot, roughly 25% below 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 4.6 months of inventory, per RealTracs as of September 6, 2026.
Thinking of selling in Highlands @ Ladd Park Sec19?
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