Back$550,0002 bd1 ba1,296 sqft

11 Photos Map

$550,000For sale

503 N Petway St

Franklin, TN 37064 · MLS# RTC3306468

2Beds
1Baths
1,296Sq Ft
1940Year Built

About This Home

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.

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Property at a Glance: 503 N Petway St

This single family residence property at 503 N Petway St, Franklin, TN 37064 is for sale at $550,000. The home has 2 bedrooms, 1 bathroom and 1,296 square feet of living space. It was built in 1940 and sits on a lot of 0.17 acres. That comes to about $424 per square foot. Reach out to set up a showing or ask for more details about this home.

Snapshot

Status: For sale
Price: $550,000
Bedrooms: 2
Bathrooms: 1
Half Baths: 1
Property Type: Single Family Residence
Year Built: 1940
Square Feet: 1,296
Lot Size: 0.17 acres
Days on Market: 50
MLS #: RTC3306468
Price per Sq Ft: $424
County: Williamson County, TN
Subdivision: Lynhurst

Nearby Schools

Elementary SchoolFranklin Elementary
Middle SchoolFreedom Middle School
High SchoolCentennial High School

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Property Details

Building

Property Type: Single Family Residence

Year Built: 1940

Stories: 1

Architectural Style: Other

Land

Lot Size: 0.17 acres

Lot Features: Level

Money

Annual Tax: $1,309

County: Williamson County, TN

HOA: No

Rooms

Heating: Central

Cooling: Central Air

Appliances: None

Interior: High Speed Internet

Flooring: Concrete

Basement: Crawl Space

Structures

Garage Spaces: 4

Parking: Detached

Pool: No

Construction: Frame

Foundation: Combination

Fencing: Partial

Systems

Sewer: Public Sewer

Water Source: Public

Utilities: Water Available

Lynhurst in Franklin, TN

503 N Petway St is in the Lynhurst neighborhood of Franklin, TN. It is served by Franklin Elementary, Freedom Middle School and Centennial High School. Ask Jon Smith about other homes for sale in Lynhurst and what nearby homes have sold for.

Location

503 N Petway St, Franklin, TN 37064 Open in Google Maps

Mortgage Calculator

Home PriceDown Payment %Interest Rate %Loan Term

Estimated Monthly Payment$2,781

$440,000Loan Amount

$110,000Down Payment

$561,196Total Interest

Principal and interest only. Taxes, insurance and HOA dues are extra.

Jon Smith Can Answer Your Questions About This Home

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What are the monthly HOA fees?
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What is the neighborhood like?

Why Work With Jon Smith?

Buying a home in Franklin, TN goes better with a local agent on your side. Jon Smith can set up private showings, pull the latest numbers for the area, and guide you through the offer and the closing. Call (615) 610-1293 to get started. Whether 503 N Petway St is the one or you would like to see other homes nearby, reach out any time.

Local facts

Facts and context beyond the MLS description

What the numbers say about 503 N Petway St and the Franklin area around it.

Current market context

How this home compares in Franklin

$424This home per sq ft
$331Median per sq ft
114Homes for sale like it
84Average days on market

At $424 per square foot, 503 N Petway St is priced about 28% above the $331 median for 2 bedroom homes for sale in Franklin now.

Nearby sold homes

Recent sold homes near this property

Homes that sold within 1.25 miles of 503 N Petway St in the last 6 months, at a median price of $360,950.

Address	Sold	Home	Sold price	Distance
1164 Brookwood Ave	May 3, 2026	2 bd · 1 ba · 952 sqft	$464,400	0 mi
1172 Brookwood Ave	Jul 12, 2026	2 bd · 1 ba · 1,058 sqft	$413,000	0.1 mi
601 Boyd Mill Ave	May 13, 2026	3 bd · 3 ba · 1,470 sqft	$342,000	0.1 mi
601 Boyd Mill Ave	Sep 10, 2026	3 bd · 2 ba · 1,180 sqft	$369,900	0.1 mi
601 Boyd Mill Ave	Jun 26, 2026	2 bd · 2 ba · 950 sqft	$295,900	0.1 mi
1129 W Main St	Jun 12, 2026	3 bd · 2 ba · 1,323 sqft	$392,500	0.3 mi
1129 W Main St	May 15, 2026	3 bd · 2 ba · 1,267 sqft	$352,000	0.3 mi
1319 W Main St	Jun 25, 2026	1 bd · 1 ba · 524 sqft	$210,000	0.3 mi