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

E 500th Rd S
Franklin, IN 46131

    (on 43 acres)

    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

    Property Type
    Lot/Land
    Lot Size
    43 acres

    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). It is currently off market.

    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
    Last check for updates: about 9 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

    Price History for E 500th Rd S

    DatePriceEventSource
    10/15/2024$515,000Sold
    MIBOR as distributed by MLS GRID #22001117
    09/23/2024$522,000PendingMIBOR as distributed by MLS GRID #22001117
    09/23/2024$522,000PriceChange
    MIBOR as distributed by MLS GRID #22001117
    09/18/2024$375,000PriceChange
    MIBOR as distributed by MLS GRID #22001117
    09/18/2024$147,900Listed For SaleMIBOR as distributed by MLS GRID #22001077
    02/01/2013$133,000Sold
    MIBOR as distributed by MLS GRID #21148448

    Market trends in Franklin

    Last updated June 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $283K
    $12.5K    MoM
    Sale-to-List Price
    98.9%
    0.1%    MoM
    Price per sq ft
    $162
    $7    MoM
    Available listings
    117
    2    MoM
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    Comparable Sales for E 500th Rd S

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    7120 S US Highway 31, Edinburgh, IN
    2.31
    Lot/Land
    $225,000
    09/02/25
    -
    -
    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
    -
    -

    Nearby homes

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    Assigned Schools

    These are the assigned schools for E 500th Rd S.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    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."
      0
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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. "
      0
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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. "
      0
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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. "
      0
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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
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    • 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."
      0
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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 "
      0
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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. "
      0
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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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    Homes for sale near E 500th Rd S

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    Off Market Homes Near E 500th Rd S

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    Based on information submitted to the MLS GRID as of 2026-07-26 03:13:03 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