Property For Sale By Owner

The property located at 526 Franklin Road in Lebanon Tennessee 37087 is on the market for purchase. Investors welcome. 

It is being promoted by the owner and current occupant, Stanley & Faye Davenport.

Nashville Tennessee is considered the Home of Country Music and 526 Franklin Road is approximately 20 minutes East of Nashville Tennessee. Where there are constant  family and night life activities and events as well as museums and open parks.

As far as location is concerned, the property is just about 15 minutes from the BNA Nashville International Airport in Donelson Tennessee. Lebanon has it’s own Municipal Airport which has some passenger plane travel. Mostly charter type flights.

About a mile and a half from the property at 526 Franklin Road to the East are many shopping and dining opportunities along Hwy 231 South. On that side of town people utilize Walmart and ALDI’s for the usual grocery needs and LOWE’s for home repair and DIY projects. But there is also to the West about a half mile Home Depot and other dinning spots along Hartman Drive.

This property is located in what I consider the Southern edge of Lebanon just above Interstate 40. The Rotunda and Lebanon “Square” is about two an a half miles to the North East. 

526 Franklin Road Plat Size and Orientation

Plat or land mass size is length equals 175+- feet running North to South and width is 100+- feet running East to West. 

Ariel View of Property

Out Buildings

The property at 526 Franklin Road has one large out building. The main portion has a concrete slab with cement blocks creating a knee wall foundation equaling 16 ft. x 16 ft. x 1-2/2 story tall.

Additional usable space is attached in the form of a lean-to structure which measures 16 ft. wide x 18 ft. long.  See pictures below.

Kitchen Area Photos

The kitchen is small, 13 ft. 7 inches x 10 ft., but functional enough to maintain a well stocked supply of essential cooking utensils and plenty of cabinet area for pantry use.

The kitchen is small, 13 ft. 7 inches x 10 ft., but functional enough to maintain a well stocked supply of essential cooking utensils and plenty of cabinet area for pantry use.

Dining Area Photos

The dining area is part of the Living room and just off the Kitchen. I think the proper name for this arrangement is “great room”.

Bathroom – Small But Effective

Now the house is 864 square feet of living space so it goes without saying that a house of that size is going to have a small but functional bathroom. It has the basic toilet, shower and vanity. The water heater sits in the corner and has the bath towel cabinet above. See the photos below.

Living Room Photos

In the first top left photo you should see an electrical panel just under the white Rooster. The house previously had a fuse box inside the wall cabinets in the Kitchen but that was a waste of space so we did some electrical wiring renovations and had a new 200 AMP breaker box installed. There have been no electrical problems whatsoever.

Rear Bedroom North Side of House

Bedroom Facing Franklin Road

The south facing bedroom is 13 ft. x 10 ft. It has two south and west facing windows with a standard clothes closet. Which is 27 inches deep x 77 inches wide. Original hardwood flooring, baseboards, access doors and window trim.  See photos below.

Exterior Views of the House

Tax Record and the Continuing Unlawful Usufructuary

Until We the People stand up and claim back the unalienable rights endowed into us by the Creator we will continue to be taken advantage of by the current system of usury and usurpation we call government. Paying property taxes would stop if we would one and all research and obtain the Aloidal titles to our property. Until we do that well, I guess we have to pay and pay and pay until we die. But the unlawful collections of property taxes will never stop unless we stop it. Having said that, below is a snapshot of the current tax record for 526 Franklin Road Lebanon Tennessee 37087.

Currently the property tax pirates collect about $207.00 city taxes and county taxes about $452.00.  

The house was built in 1952. As far as I can find out it was built as part of the J.C. Johnson Subdivision which consisted of about 9 lots on Franklin Road.

My Mother purchased the property at 526 Franklin Road in the spring/summer of 1976 after my younger Brother graduated high school. She had been commutting from Red Boiling Springs Tennessee to her job in Lebanon for a long time so she made to move to get closer to work. Our family has owned the property since.

When she died in 2018 I bought my Brother’s portion and moved into the property. I and my wife currently occupy the property.

What Else Do You Need To know?

The property 526 Franklin Road property has a really good garden spot. I just had our 3rd year of growing many of the standard vegetables you usually see in a garden with really good success. I am a no chemical gardener and rely mostly on composting to build up the soil. I don’t even use city water in the summer dry spell. We drive out of the county and get water from a creek 350 gallons at a time.

The house is for sale as it stands. Of course it will need some TLC. The roof was redone about 2010 or 2011 after a massive hail storm blew threw and damaged many, many homes in the area. I think it was the same year the Gaylord Opryland Hotel in Nashville was flooded. The shingles are 30 year Architectural. No leaks or broken tabs yet.

The HVAC is approximately 16 years and running. It gets serviced regularly and about 5 years ago the heat exchange chamber was replaced. Last service date was September 2024. By the same guy that replaced the heat exchange chamber. The HVAC is a 2-1/2 Ton capacity with a Natural Gas furnace. I don’t know what the SEER rating is.

The 8 windows were replaced with double pane windows by Window World. I don’t know the year. There is a lifetime replacement warranty that is transferable for a $50.00 fee of which the details will be supplied at closing.

The house sits on a permanent block foundation with a resulting crawl space that provides about 16 inches of room between the vapor barrier and the bottom of the floor joist.

What Is the Price?

We are seeking a purchase price of $305,900.00 cash. There is a small mortgage to be paid off. The mortgage is not assumable. 

The buyer must be prequalified and able to secure their own source of lending.  An investor must be able to verify ability to close the deal in 30 days from signing an agreement to buy. 

What is the potential for 526 Franklin Road Lebanon ?

When I went to the “ask permission” department and paid for a permit to modify my own driveway I asked about zoning for the property. According to “them” I was told that the property is zoned to allow another residence. I imagine the size of which makes no difference as long as the “impact” fees are paid and it results in more revenue for the city/county.

So it is conceivable that someone could purchase the home and live in it while building another set of townhouses or a duplex or a couple of single family homes like over on Castle Heights Ave. Or rent it out while doing the same or similar. 

With the upcoming 1800+- homes/apartment complex being developed right now at south of Interstate 40 and West of Hartman Drive according to this article in the Tennessean, it is my opinion that this spot on 526 Franklin Road would make a great location for a storage rental business. Potential paying customers from the existing mobile home park across the street, from existing new apartments down by Home Depot and from the potential from the upcoming complex now being developed in the above article. 

How to make Contact

I set up a GMAIL account for this purpose. It is 526franklinroad@gmail.com. If your interested and have the credentials in place to show you are able to purchase the property then an in person walk-through can be arranged. Otherwise my wife and I are not interested in wasting your time and ours. 

I will be checking the GMAIL address daily so if you provide a phone number I will call you back asap.

Thank you for visiting stanlydavenport.com and the 526 Franklin Road Lebanon Tennessee 37087 home for sale by owner page. 

Stanley & Faye Davenport