7118 Ivory Way, Fairview, TN 37062
7118 Ivory Way, Fairview, TN 37062, Pending at $550,000 ($214/sq ft). 4 bd · 2.5 ba (2 full, 1 half) · 2,568 sqft · $214/sqft · 0.24 ac.
7118 Ivory Way, Fairview, TN 37062, Pending at $550,000 ($214/sq ft). 4 bd · 2.5 ba (2 full, 1 half) · 2,568 sqft · $214/sqft · 0.24 ac.
Pending · $550,000
MLS #3304783 · listed July 21, 2026 · 55 days on market · updated July 23, 2026
4-bed, 2.5-bath home at 7118 Ivory Way in Pennock Place, Fairview, 2,568 sqft, $550,000 ($214/sqft), by The Ashton Real Estate Group of RE/MAX Advantage.
Status: this home is currently under contract, per RealTracs as of July 23, 2026.
7118 Ivory Way is a 4-bedroom, 2.5-bath home in Fairview, TN 37062, offered at $550,000, about $214/sq ft across 2,568 sq ft.
At $214/sq ft, this home is about 20% below the Fairview 37062 median list price per square foot of $268.
Market read: the Fairview homes market is buyer-favored, at about 7.7 months of inventory.
All-in, about $3,536/mo at 20% down (7.12% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance, and HOA) run about $573/mo, roughly 16% of the all-in monthly payment.
At the current 7.12% 30-year rate, principal and interest on this home runs about $2,963/mo; at the 6.58% rate of about three months ago it would be roughly $2,804/mo, so monthly P&I is about $159 higher now.
School zone: assigned to Westwood Elementary School, Fairview Middle School, Fairview High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 7118 Ivory Way (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of July 23, 2026. RealTracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Fairview.
New flooring and carpet. Bathrooms just painted white. Welcome to this stunning 4-bedroom, 2.5-bath, perfectly situated on a private corner lot in the desirable Pennock Place community. Step inside to find spacious living areas accented by stylish new light fixtures and beautiful wide plank flooring. The modern kitchen offers a walk-in pantry and updated lighting, making it both functional and inviting. The primary suite features a luxurious tiled shower and walk-in closet, creating a peaceful retreat. Additional highlights include a tankless water heater, insulated garage, and smart thermostat for added efficiency. TVs in the living and bonus rooms make entertaining a breeze, while the fenced backyard provides a quiet outdoor escape. Just minutes from award-winning Williamson County Schools, this home blends comfort, style, and convenience in a peaceful suburban setting. Don?t miss out on this incredible opportunity! Up to 1% lender credit on the loan amount when buyer uses Seller's Preferred Lender.
Listing remarks via the RealTracs Internet Data Exchange.
Complete reported fields for 7118 Ivory Way (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Last recorded sale | $386,870 | — | |
| Listed | $550,000 | — |
County assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
Estimated monthly ownership for 7118 Ivory Way at $550,000: principal & interest, property tax, insurance, and HOA. Estimate only; not a loan offer.
| List price | $550,000 |
|---|---|
| HOA dues | $85 / mo |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Estimated total monthly payment for 7118 Ivory Way is about $3,536/mo, 20% down on a 30-year fixed at 7.12% (a conforming loan), including principal & interest $2,963, estimated property tax $149, homeowners insurance $339, and HOA dues $85. Estimate only; not a loan offer.
| Principal & interest | $2,963/mo |
|---|---|
| Property tax (est.) | $149/mo |
| Homeowners insurance (est.) | $339/mo |
| HOA dues | $85/mo |
| Estimated total | $3,536/mo |
Assumes 20% down, 30-year fixed at 7.12% (Mortgage News Daily, as of September 11, 2026). Property tax uses the Williamson County (unincorporated) 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 |
|---|---|---|---|
| 6.12% | $2,672/mo | $3,245/mo | -$291/mo |
| 6.62% | $2,816/mo | $3,389/mo | -$147/mo |
| 7.12% | $2,963/mo | $3,536/mo | current |
| 7.62% | $3,113/mo | $3,686/mo | +$150/mo |
| 8.12% | $3,265/mo | $3,838/mo | +$302/mo |
Principal & interest on a 30-year fixed at 20% down ($440,000 loan), with property tax, insurance, and HOA held constant at $573/mo. Current 30-year fixed 7.12% (Mortgage News Daily, as of September 11, 2026). Estimate only; not a loan offer.
Owning 7118 Ivory Way runs about $3,536/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 $384,500 trails the $550,000 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $1,250 now to roughly $1,788 (appraised value times the 25% Tennessee residential ratio times the Williamson County (unincorporated) 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.
| Metric | This home | Fairview 37062 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $214 | $268 median | - |
| Price position | 10th pctile | -20% vs median | - |
This listing beside the active Fairview 37062 market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of September 13, 2026.
At $214/sq ft, this home ranks in the 10th percentile of the 273 active homes in Fairview 37062 by price per square foot.
Computed by Grant Hammond from 273 Fairview 37062 comparables (RealTracs via IDX), as of September 13, 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 | 173 in Fairview homes |
|---|---|
| Recent absorption | about 22.5 sales / mo |
| Months of inventory | 7.7 months, a buyer-favored market (ample supply) |
Supply-side and recent-sale context for Fairview homes. Sale figures are trailing 6/12/24-month medians of recorded Fairview homes closings. Source RealTracs via IDX, as of September 13, 2026.
7118 Ivory Way sits in Pennock Place, Fairview, Williamson County.
In Fairview 37062, homes there are priced around $268 per square foot; inventory in Fairview homes is running at about 7.7 months, a buyer-favored market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of September 13, 2026.
Approximately 21 miles from downtown Nashville (straight-line distance).
7118 Ivory Way is zoned for Westwood Elementary School, Fairview Middle School, Fairview 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 7118 Ivory Way - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable active listings near 7118 Ivory Way, by price and size.
Listed with The Ashton Real Estate Group of RE/MAX Advantage. 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.
August 2026 Nashville housing market: inventory up 10% to 14,294 homes, supply at 5.59 months, average price up 3% to $637,141. What it means for buyers.
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.
June 2026 Middle Tennessee real estate data shows the average sale price up 7% year over year to $682,835, active inventory up 8%, and new contracts up 12% even as closings fell 4% and new listings dropped 16%. Months of supply rose to 4.8. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
As of the latest update (July 23, 2026), 7118 Ivory Way, Fairview is pending, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
7118 Ivory Way, Fairview is listed at $550,000, about $214 per square foot across 2,568 square feet.
4 bedrooms and 2.5 bathrooms (2 full, 1 half).
About $214 per square foot ($550,000 across 2,568 sqft).
7118 Ivory Way, Fairview was built in 2020.
Yes, 2 garage spaces, per the listing.
HOA dues are $85 per month, as listed.
7118 Ivory Way, Fairview is in the Pennock Place subdivision of Fairview.
About $3,536 a month with 20% down on a 30-year fixed at 7.12%, principal and interest $2,963, estimated property tax $149, insurance $339, and HOA $85. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
7118 Ivory Way, Fairview is zoned for Westwood Elementary School, Fairview Middle School, Fairview High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 7118 Ivory Way, Fairview 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 $214 per square foot, 7118 Ivory Way, Fairview ranks in the 10th percentile of active Fairview 37062 listings by price per square foot, roughly 20% below the Fairview 37062 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Fairview homes market is currently buyer-favored (ample supply), at about 7.7 months of inventory, per RealTracs as of September 13, 2026.
Thinking of selling in Pennock Place?
Get a data-driven estimate of your home's value from Grant Hammond, Compass RE.
