400 Ernest Rice Ln, Franklin, TN 37069
400 Ernest Rice Ln, Franklin, TN 37069, Active at $2,199,000 ($492/sq ft). 4 bd · 5 ba · 4,474 sqft · $492/sqft · 0.86 ac.
400 Ernest Rice Ln, Franklin, TN 37069, Active at $2,199,000 ($492/sq ft). 4 bd · 5 ba · 4,474 sqft · $492/sqft · 0.86 ac.
Active · $2,199,000
MLS #3529030 · updated August 29, 2026
4-bed, 5-bath home at 400 Ernest Rice Ln in Carolina Close, Franklin, 4,474 sqft, $2,199,000 ($492/sqft), by Zeitlin Sotheby's International Realty.
400 Ernest Rice Ln is a 4-bedroom, 5-bath home in Franklin, TN 37069, offered at $2,199,000, about $492/sq ft across 4,474 sq ft.
At $492/sq ft, this home is about 37% above the Franklin 37069 median list price per square foot of $360.
Market read: the Franklin 37069 homes market is balanced, at about 4 months of inventory.
All-in, about $13,105/mo at 20% down (6.9% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance, and HOA) run about $1,519/mo, roughly 12% of the all-in monthly payment.
At the current 6.81% 30-year rate, principal and interest on this home runs about $11,480/mo; at the 6.56% rate of about three months ago it would be roughly $11,189/mo, so monthly P&I is about $291 higher now.
School zone: assigned to Hunters Bend Elementary, Grassland Middle School, Franklin High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 400 Ernest Rice Ln (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of August 29, 2026. RealTracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Franklin.
PRICED BELOW APPRAISAL! This resort-inspired luxury residence invites a lifestyle of effortless elegance and unforgettable entertaining. Every space has been thoughtfully designed, where architectural details, rich millwork, and beautiful hardwood floors create a warm sophisticated atmosphere. At the heart of the home, the chef's kitchen is both stunning and functional, appointed with premium appliances including Monogram and Bosch, illuminated cabinetry, a spacious hidden walk-in pantry, and a beautifully designed butler's pantry that allows gatherings to flow with ease. Coffered ceilings, custom trim work, and carefully curated lighting elevate the living spaces, creating a home that feels both grand and welcoming. Natural light and backyard views throughout! The primary suite offers a tranquil retreat, featuring a coffered ceiling and spa-inspired bath with a freestanding soaking tub, expansive walk-in shower, double vanities, and beautifully designed custom closet. DESIGNED FOR ENTERTAINMENT: the home also features a private theater experience complete with projector screen, immersive surround sound, and custom-integrated speakers, perfect for movie nights or game day gatherings. Beyond the walls of the home lies a true outdoor sanctuary. The backyard unfolds as a PRIVATE RESORT where a heated pool, spa, gas fire pit and cascading waterfall create a stunning centerpiece. Underwater audio brings a unique sensory experience to the pool, while the outdoor kitchen, brand-new outdoor tv, and comfortable Sunbrella lounge furnishings invite effortless al fresco entertaining. A screened porch with a stone fireplace offers a cozy extension of the living space, allowing year-round enjoyment of the beautifully landscaped grounds. Additional thoughtful amenities include custom built-ins, plantation shutters, a well-appointed mudroom, a spacious laundry room with cabinetry/sink, walk-in attic storage, tankless water heater and more. ASK FOR THE UPGRADES SHEET! A MUST SEE!
Listing remarks via the RealTracs Internet Data Exchange.
Complete reported fields for 400 Ernest Rice Ln (reference).
No price changes or prior sales are on record for 400 Ernest Rice Ln yet; the GH Market Engine tracks this listing and will show dated activity as it occurs.
Estimated monthly ownership for 400 Ernest Rice Ln at $2,199,000: principal & interest, property tax, insurance, and HOA. Estimate only; not a loan offer.
| List price | $2,199,000 |
|---|---|
| HOA dues | $137 / mo |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Estimated total monthly payment for 400 Ernest Rice Ln is about $13,105/mo, 20% down on a 30-year fixed at 6.90% (a jumbo loan), including principal & interest $11,586, estimated property tax $596, homeowners insurance $786, and HOA dues $137. Estimate only; not a loan offer.
| Principal & interest | $11,586/mo |
|---|---|
| Property tax (est.) | $596/mo |
| Homeowners insurance (est.) | $786/mo |
| HOA dues | $137/mo |
| Estimated total | $13,105/mo |
Assumes 20% down, 30-year fixed at 6.90% (Mortgage News Daily, as of August 28, 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 |
|---|---|---|---|
| 5.9% | $10,434/mo | $11,953/mo | -$1,152/mo |
| 6.4% | $11,004/mo | $12,523/mo | -$582/mo |
| 6.9% | $11,586/mo | $13,105/mo | current |
| 7.4% | $12,180/mo | $13,699/mo | +$594/mo |
| 7.9% | $12,786/mo | $14,305/mo | +$1,200/mo |
Principal & interest on a 30-year fixed at 20% down ($1,759,200 loan), with property tax, insurance, and HOA held constant at $1,519/mo. Current 30-year fixed 6.90% (Mortgage News Daily, as of August 28, 2026). Estimate only; not a loan offer.
Owning 400 Ernest Rice Ln runs about $13,105/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 | Franklin 37069 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $492 | $360 median | - |
| Price position | 81st pctile | +37% vs median | - |
This listing beside the active Franklin 37069 market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of August 31, 2026.
At $492/sq ft, this home ranks in the 81st percentile of the 161 active homes in Franklin 37069 by price per square foot.
Computed by Grant Hammond from 161 Franklin 37069 comparables (RealTracs via IDX), as of August 31, 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 | 116 in Franklin 37069 homes |
|---|---|
| Recent absorption | about 29 sales / mo |
| Months of inventory | 4 months, a balanced market |
Supply-side and recent-sale context for Franklin 37069 homes. Sale figures are trailing 6/12/24-month medians of recorded Franklin 37069 homes closings. Source RealTracs via IDX, as of August 30, 2026.
400 Ernest Rice Ln sits in Carolina Close, Franklin, Williamson County.
In Franklin 37069, homes there are priced around $360 per square foot; inventory in Franklin 37069 homes is running at about 4 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of 2026-08-31.
Approximately 15 miles from downtown Nashville (straight-line distance).
400 Ernest Rice 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 400 Ernest Rice Ln - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable active listings near 400 Ernest Rice Ln, by price and size.
Listed with Zeitlin Sotheby's International 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.
Franklin TN home prices: 978 closings, a $949,995 median, $345/sqft, and the new-construction supply behind Williamson County's numbers.
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.
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.
As of the latest update (August 29, 2026), 400 Ernest Rice Ln, Franklin is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
400 Ernest Rice Ln, Franklin is listed at $2,199,000, about $492 per square foot across 4,474 square feet.
4 bedrooms and 5 bathrooms.
About $492 per square foot ($2,199,000 across 4,474 sqft).
400 Ernest Rice Ln, Franklin was built in 2013.
Yes, 3 garage spaces, per the listing.
HOA dues are $137 per month, as listed.
400 Ernest Rice Ln, Franklin is in the Carolina Close subdivision of Franklin.
About $13,105 a month with 20% down on a 30-year fixed at 6.9%, principal and interest $11,586, estimated property tax $596, insurance $786, and HOA $137. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
400 Ernest Rice 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.
No, 400 Ernest Rice Ln, 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 $492 per square foot, 400 Ernest Rice Ln, Franklin ranks in the 81st percentile of active Franklin 37069 listings by price per square foot, roughly 37% above the Franklin 37069 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Franklin 37069 homes market is currently balanced, at about 4 months of inventory, per RealTracs as of 2026-08-30.
Thinking of selling in Carolina Close?
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