157 Rivergate Dr, Franklin TN 37064
Calling all investors, renovators, and equity-seekers! This 3-bedroom, 2.5-bath home in Franklin's Riverview Park offers 1,636 sq ft of potential and is ready to be reimagined. A covered deck adds outdoor living space. This home needs a full renovation - kitchen, bathrooms, flooring, cabinets, and more are ready for a complete transformation. Bring your contractor, your design eye, and your best offer. Comparable renovated homes in the area are commanding premium price points, making this a compelling opportunity for the right buyer. Located minutes from Historic Downtown Franklin and Cool Spr
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Franklin
This property is offered at $241 per square foot, compared with a $348 median for active 3-bedroom homes in Franklin. Its asking price falls near the 21st percentile of that active group. The comparison uses 302 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 70 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $840,750, and the median is $293 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 504 Riverview Dr | Jul 16, 2026 | 3 bd · 1,247 sqft | $545,000 | 0.1 mi |
| 552 Overview Ln | Aug 26, 2026 | 5 bd · 4,791 sqft | $1,270,000 | 0.2 mi |
| 566 Overview Ln | Jun 30, 2026 | 3 bd · 1,845 sqft | $625,000 | 0.2 mi |
| 417 Ridgestone Dr | Aug 18, 2026 | 4 bd · 3,071 sqft | $846,500 | 0.3 mi |
| 433 Ridgestone Dr | Sep 2, 2026 | 4 bd · 2,877 sqft | $835,000 | 0.4 mi |
| 400 Dewar Dr | Jun 15, 2026 | 5 bd · 4,558 sqft | $1,450,000 | 0.4 mi |
| 821 N Hampton Cv | Jun 4, 2026 | 4 bd · 3,557 sqft | $1,050,000 | 0.5 mi |
| 367 Glendower Pl | Jul 15, 2026 | 4 bd · 2,986 sqft | $765,000 | 0.5 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $395,000 · Active
- $395,000 · Active
- $395,000 · Active
- $395,000 · Active
- $395,000 · Active
- $395,000 · Pending
Location reference points
How this address sits within the Franklin area
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
- I-24 at Manchester50.1 miles straight-line · roughly 89 driving minutes
- Downtown Manchester50.4 miles straight-line · roughly 90 driving minutes
- Downtown Tullahoma50.6 miles straight-line · roughly 90 driving minutes
- Arnold Air Force Base54.2 miles straight-line · roughly 97 driving minutes
- Tims Ford Lake57.2 miles straight-line · roughly 102 driving minutes
Continue comparing
Similar active homes in Franklin
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Franklin homes for sale · See the Franklin market report