225 Fairground St, Franklin, TN 37064
225 Fairground St, Franklin, TN 37064, Active at $1,119,900 ($494/sq ft). 3 bd · 2.5 ba (2 full, 1 half) · 2,266 sqft · $494/sqft · 0.41 ac.
225 Fairground St, Franklin, TN 37064, Active at $1,119,900 ($494/sq ft). 3 bd · 2.5 ba (2 full, 1 half) · 2,266 sqft · $494/sqft · 0.41 ac.
Active · $1,119,900
MLS #3542718 · listed September 5, 2026 · 46 days on market · updated October 6, 2026
3-bed, 2.5-bath home at 225 Fairground St in Franklin, Franklin, 2,266 sqft, $1,119,900 ($494/sqft), by Compass Tennessee, LLC.
225 Fairground St is a 3-bedroom, 2.5-bath home in Franklin, TN 37064, offered at $1,119,900, about $494/sq ft across 2,266 sq ft.
Bedroom count: this home is listed in the MLS structured data as 3 bedrooms, while the listing remarks describe a 2-bedroom layout. We report the structured MLS count (3); confirm the configuration that matters to you.
At $494/sq ft, this home is about 25% above the Franklin 37064 median list price per square foot of $394.
Market read: the Franklin market is balanced, at about 4.2 months of inventory.
All-in, about $7,233/mo at 20% down (7.65% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $876/mo, roughly 12% of the all-in monthly payment.
At the current 7.65% 30-year jumbo rate, principal and interest on this home runs about $6,357/mo; at the 6.90% rate of about three months ago it would be roughly $5,901/mo, so monthly P&I is about $456 higher now.
School zone: assigned to Franklin Elementary, Freedom Middle School, Centennial High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 225 Fairground St (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 6, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Franklin.
Effortless one-level living in the heart of Franklin. Fully gutted and renovated in 2020, with 500 sq ft of newly added living space, this ranch offers turnkey convenience and an unbeatable location just steps from Franklin's most beloved coffee shops, restaurants, boutiques, Franklin Elementary, and a 5 min drive from the Downtown Square. Everything was replaced in 2020: roof, gutters, windows, electrical, plumbing, HVAC, tankless water heater, spray foam attic insulation and underground power. The interior features hardwoods, a gas fireplace, two cozy living rooms, formal dining with a vaulted ceiling, a spacious laundry room with sink and a grand primary suite enjoying heated tile floors. Out back, an incredible 500 sq ft covered patio with a vaulted ceiling sets the stage for effortless entertaining, game days and outdoor living. Beyond that is a renovated 2-car garage (new roof and framing in 2024) and a detached ~200 sq ft studio with its own mini-split HVAC, ideal as a guest suite, workshop, office or gym. The fully fenced yard offers ample parking and room for pets and play. Studio is included in total square footage. Property is DADU eligible. Seller has shareable plans for a new garage with an 800 sq ft, 2 bed, 1 bath apartment. Incredible upside for a buyer looking for a rentable unit or suite for guests.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 225 Fairground St (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Price change | $1,119,900 | -$5,100 (-0.5%) | |
| Listed | $1,125,000 | ||
| Deed recorded | $324,380 |
Listed September 5, 2026, this listing has been on the market 46 days as of October 21, 2026. The price has been reduced once, from $1,125,000 to $1,119,900 (-0.5%), most recently on October 6, 2026.
County assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
Estimated monthly ownership for 225 Fairground St at $1,119,900: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $1,119,900 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
Estimated total monthly payment for 225 Fairground St is about $7,233/mo, 20% down on a 30-year fixed at 7.65% (a jumbo loan), including principal & interest $6,357, estimated property tax $365, homeowners insurance $511. Estimate only; not a loan offer.
| Principal & interest | $6,357/mo |
|---|---|
| Property tax (est.) | $365/mo |
| Homeowners insurance (est.) | $511/mo |
| Estimated total | $7,233/mo |
Assumes 20% down, 30-year fixed at 7.65% (Mortgage News Daily, as of October 20, 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 |
|---|---|---|---|
| 6.65% | $5,751/mo | $6,627/mo | -$606/mo |
| 7.15% | $6,051/mo | $6,927/mo | -$306/mo |
| 7.65% | $6,357/mo | $7,233/mo | current |
| 8.15% | $6,668/mo | $7,544/mo | +$311/mo |
| 8.65% | $6,984/mo | $7,860/mo | +$627/mo |
Principal & interest on a 30-year fixed at 20% down ($895,920 loan), with property tax, insurance held constant at $876/mo. Current 30-year fixed 7.65% (Mortgage News Daily, as of October 20, 2026). Estimate only; not a loan offer.
Owning 225 Fairground St runs about $7,233/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 $511,800 trails the $1,119,900 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $2,004 now to roughly $4,384 (appraised value times the 25% Tennessee residential ratio times the Franklin, Williamson County rate outside the Franklin Special School District (FSSD addresses add $0.7673 per $100)). 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 | Franklin 37064 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $494 | $390 median | - |
| Price position | 69th pctile | +27% 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 21, 2026.
At $494/sq ft, this home ranks in the 69th 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 21, 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 | 910 in Franklin |
|---|---|
| Recent absorption | about 216.7 sales / mo |
| Months of inventory | 4.2 months, a balanced market |
Supply-side and recent-sale context for Franklin. Sale figures are trailing 6/12/24-month medians of recorded Franklin closings. Source Realtracs via IDX, as of October 7, 2026.
225 Fairground St sits in Franklin, Franklin, Williamson County.
In Franklin 37064, homes there are priced around $394 per square foot; inventory in Franklin is running at about 4.2 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 7, 2026.
Approximately 18 miles from downtown Nashville (straight-line distance).
225 Fairground St is zoned for Franklin Elementary, Freedom Middle School, Centennial 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 225 Fairground St - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 225 Fairground St, by price and size.
Listed by Ryan Tombul, Compass Tennessee, 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: 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.
September 2026 Middle Tennessee real estate data shows active inventory up 8% year over year to 14,249 homes, months of supply at 5.41, and the average sale price up 5% to $631,993 while the median rose 2% to $444,169. Preliminary closings and listing counts will revise; this post updates October 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
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.
As of the latest update (October 6, 2026), 225 Fairground St, Franklin is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
225 Fairground St was listed on September 5, 2026 and has been on the market 46 days as of October 21, 2026, per Realtracs.
Yes. It was first listed at $1,125,000. The price has been reduced once, most recently to $1,119,900 on October 6, 2026, a total change of -0.5%.
225 Fairground St, Franklin is listed at $1,119,900, about $494 per square foot across 2,266 square feet.
3 bedrooms and 2.5 bathrooms (2 full, 1 half).
About $494 per square foot ($1,119,900 across 2,266 sqft).
225 Fairground St, Franklin was built in 1954.
Yes, 2 garage spaces, per the listing.
No HOA dues are reported for this home.
225 Fairground St, Franklin is in the Franklin subdivision of Franklin.
About $7,233 a month with 20% down on a 30-year fixed at 7.65%, principal and interest $6,357, estimated property tax $365, insurance $511. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
225 Fairground St, Franklin is zoned for Franklin Elementary, Freedom Middle School, Centennial High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.
No, 225 Fairground St, 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 $494 per square foot, 225 Fairground St, Franklin ranks in the 68th percentile of active Franklin 37064 listings by price per square foot, roughly 25% above the Franklin 37064 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Franklin market is currently balanced, at about 4.2 months of inventory, per Realtracs as of October 7, 2026.
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