E 500th Rd S, Franklin, IN 46131
Property image
Property image
OFF MARKET

$515,000

Last sold price

    E 500th Rd S, Franklin, IN 46131

    Currently Off Market - Sold Oct 15, 2024 for $515,000

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    7250 E Greensburg Rd, Franklin, IN
    3.81
    Lot/Land
    $2,307,650
    04/09/26
    -
    -
    150 E South St, Franklin, IN
    3.72
    Lot/Land
    $165,000
    03/26/26
    -
    -
    600 Freedom Cir, Edinburgh, IN
    4.01
    Lot/Land
    $35,000
    11/12/25
    -
    -
    590 Harrell Dr, Edinburgh, IN
    4.05
    Lot/Land
    $35,000
    06/26/26
    -
    -
    955 Independence Dr, Edinburgh, IN
    4.48
    Lot/Land
    $54,000
    01/28/26
    -
    -
    Lot 25 Saint Andrews Ave, Edinburgh, IN
    4.63
    Lot/Land
    $56,500
    11/12/25
    -
    -
    1221 Capitol Dr, Edinburgh, IN
    4.68
    Lot/Land
    $72,000
    05/15/26
    -
    -
    5700 E State Road 44, Franklin, IN
    5.53
    Lot/Land
    $975,000
    10/10/25
    -
    -
    W Nerna St, Edinburgh, IN
    4.89
    Lot/Land
    $10,000
    10/31/25
    -
    -
    W County Road 400 S, Franklin, IN
    5.80
    Lot/Land
    $272,000
    09/26/25
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    4866 E 500 S, Franklin, IN 46131
    0.37
    $740,000
    5
    4
    4,877
    Recently Sold
    4796 S 550 E, Franklin, IN 46131
    0.42
    $296,600
    3
    2.5
    1,288
    Off Market
    4732 S 550 E, Franklin, IN 46131
    0.47
    $210,200
    3
    1
    1,267
    Off Market
    4621 S 537 E, Franklin, IN 46131
    0.51
    $199,000
    2
    1
    1,006
    For Sale
    4622 S 550 E, Franklin, IN 46131
    0.57
    $284,000
    3
    2
    1,258
    Off Market
    4919 E State Road 252, Franklin, IN 46131
    0.64
    $499,900
    3
    3
    3,335
    For Sale
    5465 E State Road 252, Franklin, IN 46131
    0.65
    $182,800
    2
    1
    1,296
    Off Market
    4363 E State Road 252, Franklin, IN 46131
    0.72
    $1,778,800
    3
    3.5
    5,200
    Off Market
    5051 S US Highway 31 Rd, Franklin, IN 46131
    0.77
    $403,500
    3
    2
    2,112
    Off Market
    5051 S Us Highway 31, Franklin, IN 46131
    0.77
    $392,200
    4
    3
    2,112
    Off Market
    4170 S US Highway 31 Rd, Franklin, IN 46131
    1.00
    $433,600
    4
    2
    3,300
    Off Market

    Local Information

    • Map ViewExplore the area around E 500th Rd S.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Lot/Land
    43 acre lot

    About this House

    Great opportunity to build your dream home on 43 plus acres of wooded ground in the country south of Franklin. No current utilities on property, although electric service is adjacent to the property. Live on it, hunt on it and enjoy some great country living on it. Nice approximate 3 acres is already cleared and great for a home. A buyer could survey, plot the ground and divide with JC Planning's approval. A buyer should discuss their plans with the Johnson County Planning Office to make sure they are feasible. Over 1900 Ft of road frontage. This listing includes 3 parcels. See aerials attached.
    E 500th Rd S, Franklin, IN 46131 is a lot/land. It last sold for $515,000 on Oct 15, 2024 (1% below the $522,000 asking price). This property is not currently displayed as for sale or rent on Trulia.
    Last check for updates: about 22 hours ago
    Listed by Suzanne Findley
    Keller Williams Indy Metro S
    Kevin Findley
    Keller Williams Indy Metro S
    Bought with: Kevin Findley, Keller Williams Indy Metro S
    Source: MIBOR as distributed by MLS GRID, MLS#22001117

    Home Details for E 500th Rd S

    Active Status

    MLS Status: Sold

    Exterior Features

    Exterior Home Features
    Wooded Area Size: 1873080
    Frontage
    Road Frontage: County Road, County RdRoad Surface Type: Asphalt
    Water & Sewer
    Sewer: Septic Needed
    Farm & Range
    Horse Amenities: None
    Surface & Elevation
    Topography: Hilly, Level, Varied, Wooded

    Days on Market

    Cumulative Days on Market: 6

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land, Farm
    Building
    Not a New ConstructionHas Additional Parcels
    Property Information
    Parcel Number: 411217022007001004Additional Parcels Description: 411217023007003004, 411218011002000004

    Price & Status

    Price
    List Price: $522,000
    Status Change & Dates
    Off Market Date: Mon Sep 23 2024Possession Timing: Close Of Escrow

    Location

    Direction & Address
    City: FranklinCommunity: No Subdivision
    School Information
    Elementary School: East Side Elementary SchoolJr High / Middle School: Edinburgh Comm Middle SchoolHigh School: Edinburgh Community High SchoolHigh School District: Edinburgh Community School Corp

    Agent Information

    Buyer Agent
    Buyer Company Name: Keller Williams - FINDLEY GROUP

    HOA

    No HOA

    Lot Information

    Lot Area: 43 Acres

    Listing Info

    Special Conditions: None

    Miscellaneous

    Mls Number: 22001117

    Price and Tax history

    DateEventPrice
    Oct 15, 2024
    Source: MIBOR as distributed by MLS GRID #22001117
    		Sold
    $515,000
    Sep 23, 2024
    Source: MIBOR as distributed by MLS GRID #22001117
    		Pending
    $522,000
    Sep 23, 2024
    Source: MIBOR as distributed by MLS GRID #22001117
    		PriceChange
    $522,000
    Price increased by 39%
    Sep 18, 2024
    Source: MIBOR as distributed by MLS GRID #22001117
    		PriceChange
    $375,000
    Price increased by 154%
    Sep 18, 2024
    Source: MIBOR as distributed by MLS GRID #22001077
    		Listed For Sale
    $147,900

    Market trends in Franklin

    Last updated August 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $282K
    $3.96K    MoM
    Sale-to-List Price
    99.1%
    0.2%    MoM
    Price per sq ft
    $168
    $6    MoM
    Available listings
    125
    11    MoM

    Around this home

    What Locals Say about Franklin

    At least 209 Trulia users voted on each feature.

    • 88 % Say yards are well-kept

    • 88 % Say car is needed

    • 83 % Say it's dog friendly

    • 82 % Say parking is easy

    • 80 % Say there are sidewalks

    • 79 % Say kids play outside

    • 77 % Say there's holiday spirit

    • 74 % Say people would walk alone at night

    • 58 % Say it's quiet

    • 57 % Say streets are well-lit

    • 51 % Say neighbors are friendly

    • 46 % Say they plan to stay for at least 5 years

    • 44 % Say it's walkable to restaurants

    • 37 % Say there's wildlife

    • 30 % Say it's walkable to grocery stores

    • 29 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Jobrown2026
      "The neighborhood has a lot of families. There are a lot of fun things to do. There are a lot of restaurants and parks."
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    • Jon Mershon
      "Lots of family’s great for raising a family, and starting a family! Highly recommend this area to anyone looking to move. "
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    • Lori.speicher
      "Franklin is like a Hallmark town. So much fun during the holidays. Festivals and parades. Great restaurants, breweries and coffee shops. The amphitheater is a great place to listen to music in the summer. "
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    • 5z7svvcjmr
      "It’s a great safe place for families. Good schools and not a lot of unwell maintained homes. I love this area. "
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    • Swirlyrook1.nf
      "some places have dog parks or a lot of homes have fenced in backyards. a lot of landlords also allow most dog breeds. "
      1
      Flag
    • Rose W.
      "Dogs bark. Kids scream and yell. So which is more annoying? Trouble stirring people with no life. Need to quit complaining about dogs barking. They bark. Kids scream, yell, show their nasty little attitudes. Lets do something about that. "
      1
      Flag
    • Audrey W.
      "Family friendly neighborhoods. Local shopping and restaurants. Well maintained yards and homes. Safety is never a concern for me in Franklin. Community very inviting."
      3
      Flag
    • Ryan F.
      "Franklin is a great place to live, but the water quality and history of toxic warehouses are enough to want to look outside of the town"
      6
      Flag
    • Levi C.
      "Lived here my whole life. Still has that small town vibe with the touch of southern hospitality. Hopefully I can raise my children here as well"
      2
      Flag
    • Dylan B.
      "It seems like people like walking their dogs on the long trail around town or through the square. enjoy."
      2
      Flag
    • Brittany.barton14
      "Lived here my whole life 27 years! and its safe, clean, people are friendly! The schools are great and the town is definitely growing the downfall is the housing prices."
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    • Kat V.
      "I’ve lived in this neighborhood for 15 years. It’s a great place to raise a family. Lots of parks, local shops and restaurants."
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    • Kat V.
      "Great place to raise your family. Walk to everywhere with trails to all the parks. Quiet and quaint small town close to Indy."
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    • F.rachel.enoch
      "quiet for a subdivision we all come together when someone is need . gather on the culdasc to visit with one another while children play "
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    • Kat V.
      "The city has a great walking/running trail that links all the local parks together plus a dog park. Great small city with a private college which is perfect for raising children."
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    • Erika
      "There is a nice dog park and plenty of side walks for your fur babies to get exercise and socialize as well. 😊"
      0
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    • Loriprince210
      "There are multiple dog owners always walking their dogs. Dogs are a welcome addition to the neighborhood. "
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    • Sashahernandez2
      "Is a good place to live and neighborhood is good also and friendly schools are close and a lot of stores close too"
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    • Roberta O.
      "I have lived here a little over a year, it's very quiet and the neighbors are super friendly. We live in the back so there isn't much traffic and my kids can play outside. "
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    • Maheinicke
      "The college, the dive bars - The Jeff St Pub, and The Willard, and the Art Craft Theater are the best reasons. The scenery is actually nice, the drives on 144 and 44 are nice on summer drives with the top off, or during the fall when the leaves are pretty. "
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    • Morgan M.
      "Near the college campus has great paved trails for running, walking and biking! Historic buildings and homes make for a charming unique place to live!"
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    • Heather C.
      "There’s sidewalks everywhere to walk your dog. Dog parks. Parks. It’s ideal for dog owners. There’s nothing bad at all I can think of. "
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    • Shalee G.
      "people take care of their lawns. walk their dogs. some neighbors are nosey. but what neighbors are not. i spend a whole year living in franklin without a car. it was hard but doable. everything is real close and conventient if you live by north morton st. "
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    • Shellypahl
      "Great schools, friendly small town, great restaurants, good government. I recommend this little town to anyone! "
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    • Jessica M.
      "the houses are pretty close together, so if your dogs like to bark at people or other dogs, it could be very annoying"
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    • Erin S.
      "Nice place to live. Parks and recreation are amazing. Good place to raise your family or retire with your spouse "
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    LGBTQ Local Legal Protections

    Based on information submitted to the MLS GRID as of 2026-09-14 01:08:20 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

    Frequently asked questions about E 500th Rd S

    • What is the price history for E 500th Rd S?
      E 500th Rd S in Franklin, IN last sold for $515,000 in October 2024.
    • Is Franklin a buyer's or seller's market?
      Franklin is currently a buyer's market, based on recent for-sale activity.
    • What's the median sale price in Franklin?
      The median sale price in Franklin is $282K. That is down $3.96K from the prior month.
    • What do residents say about Franklin?
      Residents describe Franklin, IN as well-kept, dog-friendly, and easy to park in. Most residents say you need a car. See recently sold homes in Franklin, IN.

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