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Paris 38242
504 Franklin Dr
Photo of 504 Franklin Dr

23

Map

Photo of 504 Franklin Dr
Photo of 504 Franklin Dr
$239,900
↓ $15K (5.9%)
● House - For Sale

504 Franklin Dr

Paris, TN 38242
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,701 Ft²
$1,281
Est. Monthly

About This Property

BEAUTIFULLY UPDATED AND MOVE-IN READY HOME! Tons of UPDATES IN 2024 included STAINLESS REFRIGERATOR, BOSCH Dishwasher, Washer, Dryer, oven PLUS NEW HVAC w/ Duct Cleaning.  BONUS ROOM off the back can be used as 4th BEDROOM/Office as it has a closet too!   CAST IRON PIPES REPLACED, GORGEOUS HARDWOODS installed in living, dining and hallways & office, SUMP PUMP and FRENCH DRAIN ADDED TO CRAWLSPACE. WHOLE HOUSE FRESHLY PAINTED, LUXURY Vinyl in bathroom, NEW GUTTERS and LANDSCAPE ADDED. ROOF RE-PLACED just a couple years prior to current owner. HUGE FENCED BACKYARD is perfect for pets and play area with covered patio for grillin' and chillin'. Sellers have done the hard work and loved every inch of this home. Now it is your turn. You're gonna love it!
Unit Size
1,701 Ft²
Days on Market
96 days
Land Size
0.35 acres
Price per sqft
$141
Property Type
House
Property Taxes
$102
HOA Dues
-
Year Built
1968

Listed By

Belinda Bowers
[email protected]
RE/MAX Cornerstone Real Estate

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Realtracs #RTC3297797)

Price History

Date / Event Date Event Price
Aug 5, 2026 Price Decreased $239,900
↓ $15K (5.9%)
Price Decreased
May 3, 2026 Listed by Tennessee Home & Farm Real Estate $254,900
Listed by Tennessee Home & Farm Real Estate
May 4, 2024 No longer available -
No longer available
Mar 20, 2024 In contract -
In contract
Mar 15, 2024 Relisted $199,900
Relisted
Show More

Property Highlights

Garage
Air Conditioning
Parking Details
Has Carport
Parking Features: Attached
Interior Details
Full Bathrooms: 2
Interior Features: High Speed Internet
Appliances: Built-In Electric Range, Dishwasher, Refrigerator
Flooring Type: Wood
Laundry Features: Electric Dryer Hookup
Basement: Crawl Space
Exterior Details
Square Footage: 1701
Square Footage Source: $0
Year Built: 1968
Building Area Total: 1701
Levels: One
Building Area Units: Square Feet
Construction Materials: Brick
Lot Size Area: 0.35
Lot Size Units: Acres
Lot Size Acres: 0.35
Lot Size Square Feet: 15246
Lot Size Dimensions: 65X154 IRR
Water Source: Public
Financial Details
Tax Annual Amount: $1,229
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1975
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,750
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,701
  • Building Area: 1,701
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,701
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOW MEADE
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 01, COUNTY AREA: P22

Neighborhood

  • School District Name: Paris Special School District
  • School Tax School District: 40566
  • Census Tract: 969501

Geography

  • Assessors Map Reference: 095M
  • District: 01
  • Parcel: 040095M E 03100
  • Lot: 38
  • Latitude: 36.306
  • Longitude: -88.2902

    Address

  • Full Address: 504 Franklin Dr
  • Address - House Number: 504
  • Address - Street Name: Franklin
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Paris
  • Carrier Code: R009
  • 4-Digit Zip Code: 5618
  • Zip Code: 38242

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $70,300
  • Tax Rate Code Area: 40B04

    Appraisal Valuation

  • Standard Deviation: 0.1357
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 72
  • Final Value: 114,077
  • High Value: 129,560
  • Low Value: 98,593

    Market Valuation

  • Market Total Value: $117,200
  • Market Land Value: $15,000
  • Market Improvement Value: $102,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,300
  • Assessed Land Value: $3,750
  • Assessed Improvements Value: $25,550

    Sales

  • Current Sale Contract Date: Sep 30, 2015
  • Current Sale Recording Date: Oct 05, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 122829
  • Previous Sale Recording Date: Jul 23, 2014
  • Previous Sale Contract Date: Jun 27, 2014
  • Previous Sale Amount: $106,500
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Paris

Stats & Trends

Median Asking:

$204,900

Sale Price/ft²

$137

Below Asking

0.04%

Average Days on Market

127

Average Home Size

2884 ft²

Average Home Age

47.5 years

Currently For Sale

22 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Realtracs

Listed by: Belinda Bowers, Tennessee Home & Farm Real Estate
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3297797
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 504 Franklin Drive built and last sold?
The property at 504 Franklin Drive was built in 1968 and last sold on Sep 30, 2015 for $95,500.
How much is this home worth?
The estimated value of the home located at 504 Franklin Drive is $242,181.
What are some comparable homes to 504 Franklin Drive?
There are currently no comparable homes to 504 Franklin Drive.
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