137 3rd Avenue N, Franklin, TN 37064
137 3rd Avenue N, Franklin, TN 37064, Active at $4,975,000 ($820/sq ft). 4 bd · 2.5 ba (2 full, 1 half) · 6,068 sqft · $820/sqft · 0.36 ac.
137 3rd Avenue N, Franklin, TN 37064, Active at $4,975,000 ($820/sq ft). 4 bd · 2.5 ba (2 full, 1 half) · 6,068 sqft · $820/sqft · 0.36 ac.
Active · $4,975,000
MLS #3529890 · listed August 31, 2026 · 47 days on market · updated September 28, 2026
4-bed, 2.5-bath home at 137 3rd Avenue N in Downtown District, Franklin, 6,068 sqft, $4,975,000 ($820/sqft), by Wilson Group Real Estate.
137 3rd Avenue N is a 4-bedroom, 2.5-bath home in Franklin, TN 37064, offered at $4,975,000, about $820/sq ft across 6,068 sq ft.
Market read: the Franklin 37064 homes market is balanced, at about 3.7 months of inventory.
All-in, about $30,916/mo at 20% down (7.67% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $2,623/mo, roughly 8% of the all-in monthly payment.
At the current 7.67% 30-year jumbo rate, principal and interest on this home runs about $28,293/mo; at the 6.83% rate of about three months ago it would be roughly $26,026/mo, so monthly P&I is about $2,267 higher now.
School zone: assigned to Johnson Elementary, Freedom Middle School, Franklin High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 137 3rd Avenue N (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of September 28, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Franklin.
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Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 137 3rd Avenue N (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Price change | $4,975,000 | -$224,999 (-4.3%) | |
| Listed | $5,199,999 |
Listed August 31, 2026, this listing has been on the market 47 days as of October 17, 2026. The price has been reduced once, from $5,199,999 to $4,975,000 (-4.3%), most recently on September 28, 2026.
Estimated monthly ownership for 137 3rd Avenue N at $4,975,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $4,975,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Estimated total monthly payment for 137 3rd Avenue N is about $30,916/mo, 20% down on a 30-year fixed at 7.67% (a jumbo loan), including principal & interest $28,293, estimated property tax $1,623, homeowners insurance $1,000. Estimate only; not a loan offer.
| Principal & interest | $28,293/mo |
|---|---|
| Property tax (est.) | $1,623/mo |
| Homeowners insurance (est.) | $1,000/mo |
| Estimated total | $30,916/mo |
Assumes 20% down, 30-year fixed at 7.67% (Mortgage News Daily, as of October 16, 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 |
|---|---|---|---|
| 6.67% | $25,603/mo | $28,226/mo | -$2,690/mo |
| 7.17% | $26,935/mo | $29,558/mo | -$1,358/mo |
| 7.67% | $28,293/mo | $30,916/mo | current |
| 8.17% | $29,677/mo | $32,300/mo | +$1,384/mo |
| 8.67% | $31,084/mo | $33,707/mo | +$2,791/mo |
Principal & interest on a 30-year fixed at 20% down ($3,980,000 loan), with property tax, insurance held constant at $2,623/mo. Current 30-year fixed 7.67% (Mortgage News Daily, as of October 16, 2026). Estimate only; not a loan offer.
Owning 137 3rd Avenue N runs about $30,916/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 37064 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $820 | $392 median | - |
| Price position | 90th pctile | +109% vs median | - |
This listing beside the active Franklin 37064 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 18, 2026.
At $820/sq ft, this home ranks in the 90th percentile of the active homes in Franklin 37064 by price per square foot.
Computed by Grant Hammond from the active Franklin 37064 comparables (Realtracs via IDX), as of October 18, 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 | 383 in Franklin 37064 homes |
|---|---|
| Recent absorption | about 103.5 sales / mo |
| Months of inventory | 3.7 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 27, 2026.
137 3rd Avenue N sits in Downtown District, Franklin, Williamson County.
In Franklin 37064, homes there are priced around $396 per square foot; inventory in Franklin 37064 homes is running at about 3.7 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 1, 2026.
Approximately 17 miles from downtown Nashville (straight-line distance).
137 3rd Avenue N is zoned for Johnson Elementary, Freedom 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 137 3rd Avenue N - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 137 3rd Avenue N, by price and size.
Listed by Dori Howarth, Wilson Group Real Estate. 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.
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 (September 28, 2026), 137 3rd Avenue N, Franklin is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
137 3rd Avenue N was listed on August 31, 2026 and has been on the market 47 days as of October 17, 2026, per Realtracs.
Yes. It was first listed at $5,199,999. The price has been reduced once, most recently to $4,975,000 on September 28, 2026, a total change of -4.3%.
137 3rd Avenue N, Franklin is listed at $4,975,000, about $820 per square foot across 6,068 square feet.
4 bedrooms and 2.5 bathrooms (2 full, 1 half).
About $820 per square foot ($4,975,000 across 6,068 sqft).
137 3rd Avenue N, Franklin was built in 1820.
Yes, 2 garage spaces, per the listing.
No HOA dues are reported for this home.
137 3rd Avenue N, Franklin is in the Downtown District subdivision of Franklin.
About $30,916 a month with 20% down on a 30-year fixed at 7.67%, principal and interest $28,293, estimated property tax $1,623, insurance $1,000. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
137 3rd Avenue N, Franklin is zoned for Johnson Elementary, Freedom Middle School, Franklin High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 137 3rd Avenue N, 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 $820 per square foot, 137 3rd Avenue N, Franklin ranks in the 89th percentile of active Franklin 37064 listings by price per square foot, roughly 107% above 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 3.7 months of inventory, per Realtracs as of September 27, 2026.
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