426 Cotton Lane

426 Cotton Lane in Franklin, TN was first built in 1993 and is 31 years old. Although, the building on the property was most recently renovated and altered in 1996. This has been categorized as a agricultural property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 6 full bathrooms. There are 7 partial bathrooms. 426 Cotton Lane has 5,679 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 3,164 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 2,468,110 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of asphalt. Water for the property is sourced from a municipal system. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 426 Cotton Lane sold most recently in Dec 28, 2023 for a total of $8,250,000. If you work out the math, that's approximately a cost of $1,006.71 per sqft. Before that, the property was also sold for $4,700,000 in Dec 22, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,474 in taxes each year. 426 Cotton Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $238,000. If we break it down further, the land itself was valued at $67,325. Improvements to the property, however, were assessed at a total of $170,675. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.