503 N Petway St, Franklin, TN 37064
503 N Petway St, Franklin, TN 37064, sold for $505,000 on October 22, 2026 ($390/sq ft). 2 bd · 0.5 ba (1 half) · 1,296 sqft · $390/sqft · 0.17 ac.
503 N Petway St, Franklin, TN 37064, sold for $505,000 on October 22, 2026 ($390/sq ft). 2 bd · 0.5 ba (1 half) · 1,296 sqft · $390/sqft · 0.17 ac.
Sold October 22, 2026 · $505,000
MLS #3306468 · listed July 20, 2026 · updated October 22, 2026
2-bed, 0.5-bath home at 503 N Petway St in Lynhurst, Franklin, 1,296 sqft, sold for $505,000 on October 22, 2026 ($390/sqft), listed by Steve Cothran Realty, LLC.
503 N Petway St, a 2-bedroom, 0.5-bath home in Franklin, TN 37064, sold for $505,000 on October 22, 2026, $45,000 (8.2%) below its last list price of $550,000, after 81 days on market, well over the Franklin 37064 12-month median of 25 days. The listing described it as a 1940 other home. At about $390/sq ft across 1,296 sq ft, the sale was in line with the Franklin 37064 median active list price of $382/sq ft and about 12% above the $347/sq ft median of 144 comparable home closings in the past year. It closed about 173% above its $185,000 county appraised value. Franklin 37064 home sales over the past 12 months: a median sale price of $1,134,000, up 5.0% from the year before; $374/sq ft, up 5.1% (1167 closings, per Realtracs). There are 396 active listings in Franklin 37064 as of October 26, 2026, and sales there have closed near 98.9% of list in the 12 months to October 28, 2026.
Leading signal: homes under contract in Franklin 37064 on October 28, 2026 were listed at a median $388/sq ft, 2.1% above the median list price of $380/sq ft for those that closed there in the six months to October 28, 2026 (182 under contract, 668 closed, per Realtracs). These are asking prices, not sale prices: a direction, not a forecast.
Want a current value for this home? Ask Grant Hammond for a comparative market analysis.
The sale price was about 173% above its $185,000 county appraised value on the Williamson County record.
Timeline: listed July 20, 2026, under contract October 9, 2026 after 81 days on market, closed October 22, 2026, per Realtracs.
Time to sell: 81 days on market, well over the 12-month median of 25 days for Franklin 37064 home sales (749 closings with a recorded listing period, per Realtracs).
Recent closings in Franklin 37064: 144 comparable homes from $349,900 to $680,000, a median of $347/sq ft; this sale at $390/sq ft is about 12% above that median.
Market read: the Franklin 37064 homes market is balanced as of October 26, 2026, at about 3.8 months of inventory; sales there have closed near 98.9% of list in the 12 months to October 28, 2026.
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 about homes for sale near 503 N Petway St or what this sale means for a home you own nearby; he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Sale per Realtracs via IDX; figures as of October 22, 2026.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Franklin.
Come see this Historic Property what was first a Grocery Store and later Johnson Heating and Air, built in1940 on a 0.17 acre lot very close to downtown Franklin. Whether your looking for a place to build or to renovate this is a great opportunity to be in the Highly Sought-After Franklin Downtown Area.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 503 N Petway St (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Pending | |||
| Closed | $505,000 | -$45,000 (-8.2%) vs list | |
| Under contract | |||
| Listed | $550,000 |
Listed July 20, 2026, this listing was on the market 81 days before it went under contract. It closed on October 22, 2026 for $505,000 (-$45,000 (-8.2%) against the last list price).
County assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
503 N Petway St has 4 Realtracs listing records in the GH Market Engine archive. Every dated event the engine holds for this address, newest first, with its source.
| Date | Event | Price | Source |
|---|---|---|---|
| Sold | $505,000 | Realtracs MLS #3306465 | |
| Sold | $505,000 | Realtracs MLS #3306468 | |
| Pending | n/a | Realtracs MLS #3306465 | |
| Pending | n/a | Realtracs MLS #3306468 | |
| Under contract | n/a | Realtracs MLS #3306465 | |
| Under contract | n/a | Realtracs MLS #3306468 | |
| Listed for sale | $550,000 | Realtracs MLS #3306465 | |
| Listed for sale | $550,000 | Realtracs MLS #3306468 | |
| by | Price change | $550,000 | Realtracs MLS #3148473 |
| Listing removed | n/a | Realtracs MLS #3148473 | |
| by | Price change | $550,000 | Realtracs MLS #3176091 |
| Listing removed | n/a | Realtracs MLS #3176091 | |
| by | Listed for sale | $650,000 | Realtracs MLS #3148473 |
| by | Listed for sale | $650,000 | Realtracs MLS #3176091 |
| Sold (public record) | $74,000 | Public record |
Realtracs listing activity before June 18, 2026 is not in our archive. Recorded sales come from Williamson County public records. "by" marks a date the archive learned after the fact.
503 N Petway St sold for $505,000 on October 22, 2026, $45,000 (8.2%) below its last list price of $550,000. This home is no longer for sale; the figures below are the recorded sale, per Realtracs.
| Closing price | $505,000 |
|---|---|
| Closed | |
| Listed | |
| Under contract | |
| Days on market | 81 (listing to contract) |
| Last list price | $550,000 |
| Sale to list price | 91.8% |
| Area median days on market (12 mo) | 25 days, Franklin 37064 (749 closings) |
| County appraised value | $185,000 |
| Sale vs. appraised value | +173% |
| Price per sq ft at closing | $390 |
Closing price and date per Realtracs via IDX. Not an estimate of current value.
| Metric | This home | Franklin 37064 active | Recently sold |
|---|---|---|---|
| Sale price / sq ft | $390 | $382 median | $347 median |
| Price position | - | +2% vs median | ~98.9% of list |
| Recent closings | - | - | 144 sales |
This sale beside the active Franklin 37064 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 28, 2026.
Its sale at $390/sq ft compares with a median of $382/sq ft across the active homes in Franklin 37064 as of October 28, 2026.
Computed by Grant Hammond from the active Franklin 37064 comparables (Realtracs via IDX), as of October 28, 2026.
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 | 396 in Franklin 37064 homes |
|---|---|
| Recent absorption | about 104.2 sales / mo |
| Months of inventory | 3.8 months, a balanced market |
Over the past 12 months, homes in Franklin 37064 homes sold at about 98.9% of list price.
Recorded sales in Franklin 37064 homes: 1167 in the past 12 months.
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 October 26, 2026.
503 N Petway St sits in Lynhurst, Franklin, Williamson County.
In Franklin 37064, homes there are priced around $382 per square foot; inventory in Franklin 37064 homes is running at about 3.8 months, a balanced market; recent sales closed near 98.9% of list price; 144 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 28, 2026.
Approximately 18 miles from downtown Nashville (straight-line distance).
503 N Petway 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 503 N Petway St. This home has sold; ask about similar homes for sale nearby or what this sale means for a home you own. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable homes that closed near 503 N Petway St in the past 12 months, by price and size. Closing prices per Realtracs.
Comparable listings near 503 N Petway St, by price and size.
Listed by Steve Cothran, Steve Cothran Realty, 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.
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.
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.
No. 503 N Petway St, Franklin sold for $505,000 on October 22, 2026, per Realtracs. Ask Grant Hammond, Compass RE, about homes for sale nearby.
503 N Petway St was listed on July 20, 2026 and went under contract on October 9, 2026, after 81 days on the market, per Realtracs.
No. The asking price has been $550,000 since it was listed on July 20, 2026.
$505,000, closing on October 22, 2026, $45,000 (8.2%) below its last list price of $550,000; about $390 per square foot across 1,296 square feet.
Below. It sold for $505,000, $45,000 (8.2%) below its last list price of $550,000, per Realtracs.
Per the listing, a 1940 other home. 1,296 square feet, 2 bedrooms, 0.5 bathrooms (1 half), on 0.17 acres.
Franklin 37064 home sales over the past 12 months: a median sale price of $1,134,000, up 5.0% from the year before; $374/sq ft, up 5.1% (1167 closings, per Realtracs).
Homes under contract in Franklin 37064 on October 28, 2026 were listed at a median $388/sq ft, 2.1% above the median list price of $380/sq ft for those that closed there in the six months to October 28, 2026 (182 under contract, 668 closed, per Realtracs). These are asking prices, not sale prices: a direction, not a forecast.
It sold for $505,000, about 173% above its $185,000 county appraised value on the Williamson County record.
2 bedrooms and 0.5 bathrooms (1 half).
503 N Petway St, Franklin was built in 1940.
503 N Petway St, Franklin is in the Lynhurst subdivision of Franklin.
81 days on market from listing to contract, well over the 12-month median of 25 days for Franklin 37064 home sales (749 closings with a recorded listing period, per Realtracs).
At about $390 per square foot, it sold about 12% above the $347 median of 144 recent comparable closings in Franklin 37064, per Realtracs. Computed by Grant Hammond.
503 N Petway 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.
Ask Grant Hammond, Compass RE, through the form on this page or call or text (615) 945-7123; he can send active listings and recent sales in Lynhurst as they come up.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the question form on this page.
Own a home near 503 N Petway St?
This home sold for $505,000 on October 22, 2026. Grant Hammond, Compass RE, can show what yours could sell for, from this sale and the other recent closings in Lynhurst.
