7120 Wallace Rd
Fairview, TN 37062
3 Beds
2 Baths
1,806 sqft (on 1.59 acres)
3 Beds
2 Baths
1,806 sqft
(on 1.59 acres)
Local Information
- Map ViewExplore the area around 7120 Wallace Rd.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Description
This charming 1958 stone cottage has been thoughtfully transformed into a stunning modern farmhouse, blending timeless character with elevated, high-end finishes. From the moment you step inside, the details stand out—shiplap accents, a farmhouse sink, Sub-Zero refrigerator, and Smeg gas oven create a warm yet sophisticated space designed for both everyday living and entertaining.
Situated on a private 1.59-acre lot with mature trees and 246’ of road frontage, this property presents a rare combination of space, privacy, and natural beauty. Enjoy quiet mornings or evenings on the covered porch overlooking the expansive backyard, complete with seasonal lake views in the winter. The property also includes a prepared drainage pad suitable for a future barn or additional outbuilding, with flexibility for a range of uses.
Currently operating as an Airbnb, the property provides flexibility for use as an investment property or a private single-family residence. Opportunities like this are increasingly limited.
Located in Fairview, a rapidly developing area with significant new construction and infrastructure underway, and just minutes from Franklin and Bellevue.
A unique property combining character, privacy, and versatility.
Situated on a private 1.59-acre lot with mature trees and 246’ of road frontage, this property presents a rare combination of space, privacy, and natural beauty. Enjoy quiet mornings or evenings on the covered porch overlooking the expansive backyard, complete with seasonal lake views in the winter. The property also includes a prepared drainage pad suitable for a future barn or additional outbuilding, with flexibility for a range of uses.
Currently operating as an Airbnb, the property provides flexibility for use as an investment property or a private single-family residence. Opportunities like this are increasingly limited.
Located in Fairview, a rapidly developing area with significant new construction and infrastructure underway, and just minutes from Franklin and Bellevue.
A unique property combining character, privacy, and versatility.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$387
Listed
74 days ago
Home Details for 7120 Wallace Rd
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MLS Status: Under Contract - Not Showing |
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Interior Details Basement: Crawl Space |
Beds & Baths Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1806 Square Feet |
Appliances & Utilities Utilities: Electricity Available, Water AvailableAppliances: Gas Oven, Gas Range, Dishwasher, Disposal, DryerDishwasherDisposalDryer |
Heating & Cooling Heating: Electric,Heat PumpHas CoolingAir Conditioning: Central Air,ElectricHas HeatingHeating Fuel: Electric |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Flooring: Wood, Tile |
Levels, Entrance, & Accessibility Stories: 1Levels: OneFloors: Wood, Tile |
View No View |
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Exterior Home Features Exterior: Smart Lock(s)No Private Pool |
Parking & Garage No GarageNo Attached Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 1806 Square Feet |
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Days on Market: 74 |
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Year Built Year Built: 1958 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence, Residential |
Building Construction Materials: Hardboard Siding, StoneNot a New ConstructionNot Attached Property |
Property Information Parcel Number: 094023 04000 00001023 |
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Price List Price: $699,000Price Per Sqft: $387 |
Status Change & Dates Off Market Date: Tue Jun 02 2026Possession Timing: Negotiable |
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Direction & Address City: Fairview |
School Information Elementary School: Westwood Elementary SchoolJr High / Middle School: Fairview Middle SchoolHigh School: Fairview High School |
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Listing Agent Listing ID: 3184001 |
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Building Area Building Area: 1806 Square Feet |
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Not Senior Community |
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No HOA |
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Lot Area: 1.59 Acres |
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Special Conditions: Standard |
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Mls Number: 3184001Attribution Contact: 8046565007Above Grade Unfinished Area: 1806 |
Last check for updates: about 8 hours ago
Listing Provided by: Steve Koleno, (804) 656-5007
Beycome Brokerage Realty, LLC, (804) 656-5007
Source: RealTracs MLS as distributed by MLS GRID, MLS#3184001
Market trends in Fairview
Last updated June 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
93
4MoM
Price History for 7120 Wallace Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 06/02/2026 | $699,000 | Pending | RealTracs MLS as distributed by MLS GRID #3184001 |
| 05/28/2026 | $699,000 | PriceChange | RealTracs MLS as distributed by MLS GRID #3184001 |
| 04/29/2026 | $725,000 | Listed For Sale | RealTracs MLS as distributed by MLS GRID #3184001 |
| 07/28/2020 | $450,000 | Sold | RealTracs MLS as distributed by MLS GRID #2162108 |
| 07/05/2020 | $450,000 | PriceChange | Agent Provided |
| 07/01/2020 | $375,000 | Listed For Sale | Agent Provided |
| 02/21/2017 | $150,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,831 |
| Assessment | $599,000 |
Home facts updated by county records
Comparable Sales for 7120 Wallace Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.23 | Single-Family Home | $286,000 | 11/25/25 | 3 | 1 | 1,172 | |
0.62 | Single-Family Home | $449,900 | 08/21/25 | 3 | 2 | 1,698 | |
0.62 | Single-Family Home | $410,000 | 12/29/25 | 3 | 2 | 1,386 | |
0.64 | Single-Family Home | $465,000 | 05/12/26 | 3 | 2.5 | 1,913 | |
0.64 | Single-Family Home | $729,900 | 09/09/25 | 3 | 2 | 2,284 | |
0.45 | Single-Family Home | $315,000 | 05/14/26 | 3 | 1 | 1,050 | |
0.73 | Single-Family Home | $367,000 | 12/03/25 | 3 | 2.5 | 728 | |
0.66 | Single-Family Home | $353,000 | 09/09/25 | 3 | 2 | 1,283 | |
0.51 | Single-Family Home | $855,000 | 11/14/25 | 4 | 3.5 | 3,296 | |
0.73 | Single-Family Home | $760,000 | 12/12/25 | 3 | 3.5 | 2,636 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
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SOLDMAY 14, 2026
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Assigned Schools
These are the assigned schools for 7120 Wallace Rd.
- Westwood Elementary School
- PK-5
- Public
- 538 Students
6/10GreatSchools RatingParent Rating AverageOur student has thrived at Westwood. During the journey, they have been supportive of her 504 plan development and implementation. We have found nothing but supportive teachers and staff over the past 5 years.Parent Review3mo ago - Fairview High School
- 9-12
- Public
- 688 Students
8/10GreatSchools RatingParent Rating AverageOverall this is not a bad school, but it is in one of the worst districts, with the worst leadership you could ever come across. This district has cut a program that supports struggling students and families experiencing hardship by 85%. A program that is only 0.00% percent of the district's budget. The funds were instead diverted to cover dental plans for teachers, the district would otherwise have to cover from the district general funds. It is absolutely shameful.Parent Review3mo ago - Fairview Middle School
- 6-8
- Public
- 540 Students
8/10GreatSchools RatingParent Rating AverageUnfortunately This school has declined significantly over the years. Staff have been observed yelling at and speaking harshly to students. There is an excessive focus on rigid structure, which appears designed more to control students than to support a positive learning environment.The school has gone through several principals in recent years—a period that also included a serious incident involving a student that reportedly brought the school close to a lawsuit. My son shared that his three years here were the worst of his life, a statement that speaks to the depth of the issues.Communication between the school and families is another serious concern. All outreach is conducted by email, with little meaningful engagement or transparency. As a parent, I felt entirely excluded from my son’s education and from any real understanding of what was happening at the school.Parent Review3mo ago 
Check out schools near 7120 Wallace Rd.
What Locals Say about Fairview
At least 28 Trulia users voted on each feature.
100 % Say car is needed
97 % Say yards are well-kept
94 % Say parking is easy
83 % Say there's holiday spirit
83 % Say there's wildlife
77 % Say kids play outside
73 % Say people would walk alone at night
72 % Say it's dog friendly
70 % Say it's quiet
61 % Say neighbors are friendly
44 % Say they plan to stay for at least 5 years
39 % Say streets are well-lit
34 % Say there are sidewalks
29 % Say there are community events
19 % Say it's walkable to grocery stores
16 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Steve Koleno, Beycome Brokerage Realty, LLC, (804) 656-5007
Agent Phone: (804) 656-5007
Based on information submitted to the MLS GRID as of 2026-07-11 11:38:21 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
7120 Wallace Rd, Fairview, TN 37062 is a 3 bedroom, 2 bathroom, 1,806 sqft single-family home built in 1958. This property is currently available for sale and was listed by RealTracs MLS as distributed by MLS GRID on Apr 29, 2026. The MLS # for this home is MLS# 3184001.