400 Ernest Rice Ln, Franklin TN 37069
PRICED BELOW APPRAISAL! This resort-inspired luxury residence invites a lifestyle of effortless elegance and unforgettable entertaining. Every space has been thoughtfully designed, where architectural details, rich millwork, and beautiful hardwood floors create a warm sophisticated atmosphere. At the heart of the home, the chef’s kitchen is both stunning and functional, appointed with premium appliances including Monogram and Bosch, illuminated cabinetry, a spacious hidden walk-in pantry, and a beautifully designed butler’s pantry that allows gatherings to flow with ease. Coffered ceilings, cu
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 $492 per square foot, compared with a $355 median for active 4-bedroom homes in Franklin. Its asking price falls near the 80th percentile of that active group. The comparison uses 413 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 9 days, while the current cohort averages 55 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 $1,836,000, and the median is $391 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 |
|---|---|---|---|---|
| 508 Dunwoody Ct | Jun 2, 2026 | 4 bd · 2,808 sqft | $1,100,000 | 0.1 mi |
| 112 Patricia Lee Ct | Jul 29, 2026 | 5 bd · 4,775 sqft | $2,700,000 | 0.2 mi |
| 1174 Echo Ln | Jul 28, 2026 | 6 bd · 5,683 sqft | $2,572,000 | 0.5 mi |
| 1204 Echo Ln | Jun 17, 2026 | 4 bd · 5,266 sqft | $3,300,000 | 0.6 mi |
| 1542 Amesbury Ln | Aug 13, 2026 | 6 bd · 8,184 sqft | $3,200,000 | 0.6 mi |
| 620 Crofton Park Ln | Aug 20, 2026 | 4 bd · 3,023 sqft | $930,000 | 0.8 mi |
| 261 Poteat Pl | Jun 5, 2026 | 4 bd · 3,265 sqft | $985,000 | 0.8 mi |
| 418 Knob Ct | May 22, 2026 | 3 bd · 1,284 sqft | $471,000 | 1.1 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.
- $2,199,000 · Active
- $2,199,000 · Active
- $2,199,000 · Active
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 Manchester53.8 miles straight-line · roughly 96 driving minutes
- Downtown Manchester54.2 miles straight-line · roughly 97 driving minutes
- Downtown Tullahoma54.7 miles straight-line · roughly 98 driving minutes
- Arnold Air Force Base58.2 miles straight-line · roughly 104 driving minutes
- Tims Ford Lake61.4 miles straight-line · roughly 110 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