503 N Petway St

Franklin, TN
$ 550,000 Beds 2 Baths 0 Sq 1,296
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 550,000
  • City
  • Franklin
  • Bedrooms
  • 2
  • Full Bathrooms
  • 0
  • County
  • WILLIAMSON
  • Half Bathrooms
  • 1
  • Area
  • Lot Size
  • 0.17 Acres
  • Zip
  • 37064
  • Sqr Footage
  • 1,296
  • Year Built
  • 1940
  • Taxes
  • $ 1309
  • Style
  • MLS#
  • 3306468
Listed By: Steve Cothran Realty, LLC;
Data Source: Listing courtesy of RealTracs MLS as distributed by MLS GRID

Features

General

Living Area 1296
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Appliances None
Garage Spaces 4
Architectural Style Other
Construction Materials Frame
Pets Allowed Yes
Year Built 1940
Stories Count 1
Topography Level
Levels One
Property Subtype Single Family Residence
County Williamson County,TN
New Construction No
Property Type Residential
Attached Garage No
Subdivision Name Lynhurst
Garage Y/N Yes
Status Active
Directions South West on Main Street from downtown Franklin,tun right on N. Petway St. Property is on the left.
High School Centennial High School
City Franklin
Senior Community Y/N No
Open Parking Spaces 5
Lot Size Units Acres
Elementary School Franklin Elementary
Property Attached Y/N No
Year Built Details Historic
Tax Annual Amount 1309
Middle/Junior High School Freedom Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active

Interior Features

Interior Amenities High Speed Internet
Basement Crawl Space
Flooring Concrete
Total Fireplaces 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Above Grade Finished Area 1296
Half Baths 1
Total Bedrooms 2
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 1

Exterior Features

Fencing Partial
Parking Features Detached
Lot Features Level
Water Source Public
Total Parking 9
Lot Size Area 0.17
Building Area Total 1296
Lot Size Acres 0.17
Lot Size Source Assessor
Waterfront Y/N No
Covered Spaces 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Tullahoma, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Franklin Elementary
Middle School Freedom Middle School
High School Centennial High School

Price History

7/27/2026 Listed $550,000

Property vs Zip Code Average in 37064

Price
AVG $1.98M
$550K
Taxes
AVG $4,420
$1,309
Year Built
AVG 2006
1940
Visits
AVG 73
13
Data Provided by Inside Real Estate®

Areas That We Cover

503 N Petway St Franklin, TN is a Single Family Home for sale at $550000 with 1296 sqft and a lot size of 0.17 Acres Acre(s). 503 N Petway St Franklin has 2 bedrooms, 0 baths and was built in 1940. The property's zip code is 37064 which is in Franklin, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.