501 Cheltenham Ave, Franklin, TN 37064
501 Cheltenham Ave, Franklin, TN 37064, Active at $1,950,000 ($481/sq ft). 4 bd · 4.5 ba (4 full, 1 half) · 4,053 sqft · $481/sqft · 0.18 ac.
501 Cheltenham Ave, Franklin, TN 37064, Active at $1,950,000 ($481/sq ft). 4 bd · 4.5 ba (4 full, 1 half) · 4,053 sqft · $481/sqft · 0.18 ac.
Active · $1,950,000
MLS #3527583 · updated August 27, 2026
4-bed, 4.5-bath home at 501 Cheltenham Ave in Westhaven Sec 13, Franklin, 4,053 sqft, $1,950,000 ($481/sqft), by Synergy Realty Network, LLC.
501 Cheltenham Ave is a 4-bedroom, 4.5-bath home in Franklin, TN 37064, offered at $1,950,000, about $481/sq ft across 4,053 sq ft.
At $481/sq ft, this home is priced in line with the Westhaven list-price median of $493/sq ft.
Market read: the Franklin 37064 homes market is balanced, at about 4.6 months of inventory.
All-in, about $12,124/mo at 20% down (7.06% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance, and HOA) run about $1,682/mo, roughly 14% of the all-in monthly payment.
At the current 6.89% 30-year rate, principal and interest on this home runs about $10,264/mo; at the 6.66% rate of about three months ago it would be roughly $10,025/mo, so monthly P&I is about $239 higher now.
School zone: assigned to Pearre Creek Elementary School, Hillsboro Elementary/ Middle School, Independence High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 501 Cheltenham Ave (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of August 27, 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 Westhaven! This beautiful 4-bedroom, 4.5-bath home sits on a desirable corner lot within walking distance of the Residence Club. The spacious kitchen features a large island, double ovens, and a butler's pantry, while the inviting living area offers a gas fireplace and flows into the sunroom. The private main-level primary suite includes his-and-hers closets and a spacious bath with double vanities, a separate shower, and soaking tub. Upstairs, you'll find additional bedrooms plus a separate bonus space above the garage with its own staircase and full bathroom, perfect for guests, a home office, or flex space. Enjoy outdoor living in the private courtyard, along with the convenience of a three-car garage. A wonderful opportunity to enjoy all that Westhaven has to offer!
Listing remarks via the RealTracs Internet Data Exchange.
Complete reported fields for 501 Cheltenham Ave (reference).
No price changes or prior sales are on record for 501 Cheltenham Ave yet; the GH Market Engine tracks this listing and will show dated activity as it occurs.
Estimated monthly ownership for 501 Cheltenham Ave at $1,950,000: principal & interest, property tax, insurance, and HOA. Estimate only; not a loan offer.
| List price | $1,950,000 |
|---|---|
| HOA dues | $326 / mo |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Estimated total monthly payment for 501 Cheltenham Ave is about $12,124/mo, 20% down on a 30-year fixed at 7.06% (a jumbo loan), including principal & interest $10,442, estimated property tax $636, homeowners insurance $720, and HOA dues $326. Estimate only; not a loan offer.
| Principal & interest | $10,442/mo |
|---|---|
| Property tax (est.) | $636/mo |
| Homeowners insurance (est.) | $720/mo |
| HOA dues | $326/mo |
| Estimated total | $12,124/mo |
Assumes 20% down, 30-year fixed at 7.06% (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 |
|---|---|---|---|
| 6.06% | $9,413/mo | $11,095/mo | -$1,029/mo |
| 6.56% | $9,922/mo | $11,604/mo | -$520/mo |
| 7.06% | $10,442/mo | $12,124/mo | current |
| 7.56% | $10,972/mo | $12,654/mo | +$530/mo |
| 8.06% | $11,512/mo | $13,194/mo | +$1,070/mo |
Principal & interest on a 30-year fixed at 20% down ($1,560,000 loan), with property tax, insurance, and HOA held constant at $1,682/mo. Current 30-year fixed 7.06% (Mortgage News Daily, as of September 4, 2026). Estimate only; not a loan offer.
Owning 501 Cheltenham Ave runs about $12,124/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 | Westhaven active | Recently sold |
|---|---|---|---|
| Price / sq ft | $481 | $493 median | - |
| Price position | 45th pctile | -2% vs median | - |
| Westhaven vs Franklin 37064 area | - | +23% | - |
This listing beside the active Westhaven market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of September 7, 2026.
Among the 129 active homes in Westhaven, this home at $481/sq ft falls in the 45th percentile on price per square foot.
Westhaven trades about 23% above Franklin 37064 area on a price-per-square-foot basis.
Taken together, this home reads in line with Westhaven on a per-square-foot basis.
Computed by Grant Hammond from 129 Westhaven 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.
501 Cheltenham Ave sits in Westhaven Sec 13, Franklin, Williamson County.
In Westhaven, homes there are priced around $493 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 18 miles from downtown Nashville (straight-line distance).
501 Cheltenham Ave is zoned for Pearre Creek Elementary School, Hillsboro Elementary/ Middle School, Independence 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 501 Cheltenham Ave - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable active listings near 501 Cheltenham Ave, by price and size.
Listed with Synergy Realty Network, LLC. 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 27, 2026), 501 Cheltenham Ave, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
501 Cheltenham Ave, Franklin is listed at $1,950,000, about $481 per square foot across 4,053 square feet.
4 bedrooms and 4.5 bathrooms (4 full, 1 half).
About $481 per square foot ($1,950,000 across 4,053 sqft).
501 Cheltenham Ave, Franklin was built in 2006.
Yes, 3 garage spaces, per the listing.
HOA dues are $326 per month, as listed.
501 Cheltenham Ave, Franklin is in the Westhaven Sec 13 subdivision of Franklin.
About $12,124 a month with 20% down on a 30-year fixed at 7.06%, principal and interest $10,442, estimated property tax $636, insurance $720, and HOA $326. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
501 Cheltenham Ave, Franklin is zoned for Pearre Creek Elementary School, Hillsboro Elementary/ Middle School, Independence High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 501 Cheltenham Ave, 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 $481 per square foot, 501 Cheltenham Ave, Franklin ranks in the 45th percentile of active Westhaven listings by price per square foot. 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 Westhaven Sec 13?
Get a data-driven estimate of your home's value from Grant Hammond, Compass RE.