Mediterranean home in Franklin, TN
A Mediterranean home in Franklin, TN, it offers 6 bedrooms and 7 bathrooms across 9,013 square feet. It sits within the greater Nashville, TN area.
| Price | $3,849,900 |
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| Beds | 6 |
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| Baths | 7 |
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| Sqft | 9013 |
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| Architectural style | Mediterranean (30% match) |
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| Address | 5505 Iron Gate Dr, Franklin, TN 37069 |
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Why buy this home
- Confirmed Mediterranean architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced below comparable homes.
- At $3.8M, this home is 7% above the $3.6M median for 104 similar Mediterranean homes in Nashville, TN.
- That works out to $427 per square foot, 10% below the $475 comparable rate.
- On the market 13 days.
| This home | $3,849,900 |
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| Mediterranean median in Nashville, TN | $3,587,500 (104 homes) |
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| Price per sq ft | $427 vs. $475 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $24,666/month with 20% down at a 7.28% 30-year fixed rate. You would need about $1,057,133 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $21,073/mo |
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| Property tax (new-buyer reassessed rate) | $2,150/mo |
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| Homeowners insurance | $1,444/mo |
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| Total monthly | $24,666/mo |
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| Down payment (20%) | $769,980 |
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| Income needed | $1,057,133/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (72 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B (72/100) |
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| Beats renting in | 31% of modeled paths |
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| Modeled 5-yr equity (median) | $2,199,339 |
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| Range (10th to 90th pct) | $1,403,051 to $3,197,498 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Nashville, TN where local data is thin.
Local home values
Typical home values in Nashville, TN have risen about 21% over the past 5 years (-1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia