407 Compton Ln, Franklin, TN 37069
407 Compton Ln, Franklin, TN 37069, Active at $399,900 ($328/sq ft). 2 bd · 2.5 ba (2 full, 1 half) · 1,220 sqft · $328/sqft · 0.02 ac.
407 Compton Ln, Franklin, TN 37069, Active at $399,900 ($328/sq ft). 2 bd · 2.5 ba (2 full, 1 half) · 1,220 sqft · $328/sqft · 0.02 ac.
Active · $399,900
MLS #3309208 · listed July 9, 2026 · 67 days on market · updated August 15, 2026
2-bed, 2.5-bath condo at 407 Compton Ln in Prescott Place Ph 3 Lot 0407 Subd Fieldstone Farm, Franklin, 1,220 sqft, $399,900 ($328/sqft), by Keller Williams Realty.
407 Compton Ln is a 2-bedroom, 2.5-bath condo in Franklin, TN 37069, offered at $399,900, about $328/sq ft across 1,220 sq ft.
At $328/sq ft, this condo is about 9% below the Franklin 37069 median list price per square foot of $360.
Market read: the Franklin 37069 condos market is balanced, at about 6 months of inventory.
All-in, about $2,924/mo at 20% down (7.12% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this condo (property tax, insurance, and HOA) run about $770/mo, roughly 26% of the all-in monthly payment.
At the current 7.12% 30-year rate, principal and interest on this condo runs about $2,154/mo; at the 6.58% rate of about three months ago it would be roughly $2,039/mo, so monthly P&I is about $115 higher now.
Next step: ask Grant Hammond anything about 407 Compton Ln (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of August 15, 2026. RealTracs via IDX.
This is a condominium; HOA dues and building context are factored into the cost and pricing analysis below.
More context: Nashville condos and building guides.
Privacy. Flexibility. An exceptional Franklin lifestyle. Two spacious upstairs bedroom suites, each with its own private bath, offer a floor plan that's as comfortable as it is functional. Walkable to Hunter's Bend Elementary School, this location combines walkability and convenience with thoughtful design, low-maintenance living, and an unbeatable Franklin location. Newer Refrigerator and Water Heater, and Roof and Gutters (2026.) Located in Prescott Place at Fieldstone Farms, this move-in-ready townhome offers a desirable floor plan. The upstairs with 2 separate bedroom/bathroom suites provides privacy for everyday living, overnight guests, or shared living arrangements. The inviting main level is filled with natural light from front bay windows and features a cozy gas fireplace, creating a warm gathering space for relaxing or entertaining. The updated kitchen offers granite countertops, white shaker cabinetry, tile backsplash, pantry, and generous workspace. The attached one-car garage and abundant storage make everyday life even more convenient. Step outside to your own private fenced courtyard, perfect for morning coffee or gathering with friends. Fieldstone Farms offers numerous amenities designed to facilitate community: multiple parks, miles of walking trails, two pools, a clubhouse with a fitness center, tennis and pickleball courts, playgrounds, and community events, all just minutes from Historic Downtown Franklin. You're also within walking distance of Publix, Walgreens, restaurants, and everyday conveniences. This community is beautifully maintained with attractive landscaping throughout, and more than 8 miles of white fences (currently being replaced.) There are 2 HOAs with 2 separate HOA fees, Fieldstone Farms and Prescott Place, offering exterior maintenance through the HOA. 407 Compton Lane makes it easy to spend less time on upkeep and more time enjoying everything Franklin has to offer. See attached HOA documents & Offer Instructions.
Listing remarks via the RealTracs Internet Data Exchange.
Complete reported fields for 407 Compton Ln (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Last recorded sale | $459,795 | — | |
| Listed | $399,900 | — |
County assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
Estimated monthly ownership for 407 Compton Ln at $399,900: principal & interest, property tax, insurance, and the HOA fee decomposed below. Estimate only; not a loan offer.
| List price | $399,900 |
|---|---|
| HOA dues | $375 / mo |
| HOA fee includes | Confirm per building (commonly insurance, exterior maintenance, amenities); the fee is part of true monthly cost. |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Estimated total monthly payment for 407 Compton Ln is about $2,924/mo, 20% down on a 30-year fixed at 7.12% (a conforming loan), including principal & interest $2,154, estimated property tax $108, homeowners insurance $287, and HOA dues $375. Estimate only; not a loan offer.
| Principal & interest | $2,154/mo |
|---|---|
| Property tax (est.) | $108/mo |
| Homeowners insurance (est.) | $287/mo |
| HOA dues | $375/mo |
| Estimated total | $2,924/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% | $1,943/mo | $2,713/mo | -$211/mo |
| 6.62% | $2,047/mo | $2,817/mo | -$107/mo |
| 7.12% | $2,154/mo | $2,924/mo | current |
| 7.62% | $2,263/mo | $3,033/mo | +$109/mo |
| 8.12% | $2,374/mo | $3,144/mo | +$220/mo |
Principal & interest on a 30-year fixed at 20% down ($319,920 loan), with property tax, insurance, and HOA held constant at $770/mo. Current 30-year fixed 7.12% (Mortgage News Daily, as of September 11, 2026). Estimate only; not a loan offer.
Owning 407 Compton Ln runs about $2,924/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.
| HOA dues | $375 / mo (about 13% of the estimated total payment) |
|---|---|
| HOA per year | $4,500 |
| HOA over 5 years | $22,500 (at current dues) |
| Effective carrying cost | $2.397 / sq ft / mo (estimated total over 1,220 sq ft) |
HOA dues are part of true monthly cost and typically cover items such as building insurance, exterior maintenance, and amenities; coverage varies by building. Dues can change and buildings may levy special assessments, so review the current budget, reserve study, and any planned assessments before offering. Figures use current dues; estimate only, not a loan offer.
The Williamson County appraised value of $251,700 trails the $399,900 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $818 now to roughly $1,300 (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 condo | Franklin 37069 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $328 | $360 median | - |
| Price position | 28th pctile | -9% vs median | - |
This listing beside the active Franklin 37069 market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of September 13, 2026.
Among the 143 active condos in Franklin 37069, this condo at $328/sq ft falls in the 28th percentile on price per square foot.
Computed by Grant Hammond from 143 Franklin 37069 comparables (RealTracs via IDX), as of September 13, 2026, refreshed weekly.
| Active listings | 10 in Franklin 37069 condos |
|---|---|
| Recent absorption | about 1.7 sales / mo |
| Months of inventory | 6 months, a balanced market |
Supply-side and recent-sale context for Franklin 37069 condos. Sale figures are trailing 6/12/24-month medians of recorded Franklin 37069 condos closings. Source RealTracs via IDX, as of September 12, 2026.
407 Compton Ln sits in Prescott Place Ph 3 Lot 0407 Subd Fieldstone Farm, Franklin, Williamson County.
In Franklin 37069, homes there are priced around $360 per square foot; inventory in Franklin 37069 condos is running at about 6 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of September 13, 2026.
Approximately 15 miles from downtown Nashville (straight-line distance).
407 Compton Ln is zoned for Hunters Bend Elementary, Grassland 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 407 Compton Ln - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
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Listed with Keller Williams Realty. 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.
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As of the latest update (August 15, 2026), 407 Compton Ln, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
407 Compton Ln, Franklin is listed at $399,900, about $328 per square foot across 1,220 square feet.
2 bedrooms and 2.5 bathrooms (2 full, 1 half).
About $328 per square foot ($399,900 across 1,220 sqft).
407 Compton Ln, Franklin was built in 1999.
Yes, 1 garage spaces, per the listing.
HOA dues are $375 per month, as listed.
407 Compton Ln, Franklin is in the Prescott Place Ph 3 Lot 0407 Subd Fieldstone Farm subdivision of Franklin.
About $2,924 a month with 20% down on a 30-year fixed at 7.12%, principal and interest $2,154, estimated property tax $108, insurance $287, and HOA $375. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
407 Compton Ln, Franklin is zoned for Hunters Bend Elementary, Grassland Middle School, Franklin High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
HOA dues are $375 per month; coverage varies by building (commonly insurance, exterior maintenance, and amenities). Confirm the fee-includes for this building.
At $328 per square foot, 407 Compton Ln, Franklin is in the 28th percentile of active listings in the Franklin 37069, about 9% below the $360 building median, on a fee-adjusted price-per-square-foot basis. Comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
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 $328 per square foot, 407 Compton Ln, Franklin ranks in the 28th percentile of active Franklin 37069 listings by price per square foot, roughly 9% below the Franklin 37069 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Franklin 37069 condos market is currently balanced, at about 6 months of inventory, per RealTracs as of September 12, 2026.
Thinking of selling in Prescott Place Ph 3 Lot 0407 Subd Fieldstone Farm?
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