196 E Madison St, Franklin, IN 46131
OFF MARKET

196 E Madison St
Franklin, IN 46131

  • 3 Beds
  • 2 Baths
  • 1,828 sqft

$409,000

Trulia Estimate
as of Jun 7, 2026
Est. Refi. Payment $2,386/mo*
Refinance Your Home

$409,000

Trulia Estimate
as of Jun 7, 2026
Est. Refi. Payment $2,386/mo*
Refinance Your Home
3 Beds
2 Baths
1,828 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

STEEPED in history, this gorgeous renovated downtown Franklin property is a coveted one-of-a-kind address. This 1915 Carnegie Library served the surrounding community & in 1990 it was lovingly converted to 5 condos, retaining the architecture including mahogany barrel-vaulted ceilings, marble floors, lighted cabinetry... Three bedrooms, one on the main floor, fully RENOVATED BATHROOMS, custom closets, ALL NEW WINDOWS and custom blinds, expansive hand laid paver patio and many other features you can't miss. Owners manage HOA; covers building exterior, trash, water & sewer for $144/mo. One parking space behind the unit and on-street parking. Walk to all the amenities this thriving community offers.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 12, 2025

Home Highlights

Parking
No Info
Outdoor
Patio
A/C
Heating only
HOA
$144/Monthly
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 196 E Madison St

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: Daylight,Finished CeilingNumber of Rooms: 6Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1828 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Electric Water Heater, MicroHood, Refrigerator, Washer, Water Softener OwnedDishwasherDryerLaundry: Laundry Closet,Main LevelRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,ElectricHas HeatingHeating Fuel: Forced Air
Windows, Doors, Floors & Walls
Window: Wood Work StainedCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoEntry Location: Ground Level

Exterior Features

Exterior Home Features
Patio / Porch: PatioFoundation: Block
Parking & Garage
Other Parking: Garage Parking Other(Guest Street Parking, Other)No CarportNo GarageNo Attached GarageParking: Assigned
Farm & Range
Horse Amenities: None
Finished Area
Finished Area (below surface): 872 Square Feet

Days on Market

Cumulative Days on Market: 2

Property Information

Year Built
Year Built: 1915
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, CondominiumArchitecture: Other
Building
Construction Materials: BrickNot a New ConstructionAttached To Another Structure
Property Information
Parcel Number: 410814043006002009

Price & Status

Price
List Price: $399,900
Status Change & Dates
Off Market Date: Tue May 06 2025Possession Timing: Close Of Escrow

Media

Location

Direction & Address
City: FranklinCommunity: Carnegie Commons
School Information
Jr High / Middle School: Franklin Community Middle SchoolHigh School: Franklin Community High SchoolHigh School District: Franklin Community School Corp

Building

Building Area
Building Area: 1828 Square Feet

HOA

HOA Fee Includes: Sewer, Maintenance Grounds, Maintenance Structure, Snow Removal, TrashHas an HOAHOA Fee: $144/Monthly

Lot Information

Lot Area: 871.2 sqft

Listing Info

Special Conditions: Sales Disclosure Supplements

Miscellaneous

BasementMls Number: 22036699Attic: Access Only

Additional Information

HOA Amenities: Maintenance Grounds,Maintenance,Snow Removal,Trash
Last check for updates: about 7 hours ago
Listed by Jobea Trefny, (317) 691-1367
Carpenter, REALTORS®
Bought with: Rusty Harsin, (317) 640-6731, Hoosier, REALTORS®
Source: MIBOR as distributed by MLS GRID, MLS#22036699

Price History for 196 E Madison St

DatePriceEventSource
06/12/2025$400,000Sold
MIBOR as distributed by MLS GRID #22036699
05/06/2025$399,900PendingMIBOR as distributed by MLS GRID #22036699
05/05/2025$399,900Listed For SaleMIBOR as distributed by MLS GRID #22036699
10/31/2014$132,000Sold
MIBOR as distributed by MLS GRID #21274541
07/30/2014$139,900Listed For SaleAgent Provided
05/13/2013$120,000Sold
MIBOR as distributed by MLS GRID #21190978

Market trends in Franklin

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$286K
$3.02KMoM
Sale-to-List Price
98.8%
0.0%MoM
Price per sq ft
$147
$14MoM
Available listings
101
11MoM
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Property Tax and Assessment

Year2025
Tax$2,281
Assessment$278,200
Home facts updated by county records

Comparable Sales for 196 E Madison St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1568 Brookfield Cir, Franklin, IN
1.07
Condo
$225,000
07/14/25
3
2.5
1,537
2148 Heather Glen Way, Franklin, IN
1.61
Condo
$330,000
04/20/26
2
2
1,686
409 Paris Dr, Franklin, IN
1.95
Condo
$245,000
04/22/26
2
2
1,260
101 Grassyway Ct, Whiteland, IN
5.90
Condo
$230,000
11/04/25
4
2.5
1,580
172 Arabian Ct, New Whiteland, IN
6.38
Condo
$300,000
09/19/25
3
2
1,850
1056 Hilltop Commons Blvd, New Whiteland, IN
6.41
Condo
$275,000
09/29/25
3
2
1,504
1000 Mount Olive Rd, Whiteland, IN
6.64
Condo
$248,900
12/12/25
3
2
1,410
541 Greenwood Trace Dr, Whiteland, IN
6.67
Condo
$250,000
01/30/26
3
2
1,560

Nearby homes

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Assigned Schools

These are the assigned schools for 196 E Madison St.
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 208 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

  • 79 % 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

  • 28 % 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
    Flag
  • 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
    Flag
  • 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. "
    0
    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"
    5
    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."
    0
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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."
    0
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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."
    0
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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. "
    0
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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"
    0
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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. "
    0
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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. "
    0
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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!"
    0
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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. "
    0
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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! "
    0
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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"
    0
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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 "
    0
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Homes for sale near 196 E Madison St

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Off Market Homes Near 196 E Madison St

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Based on information submitted to the MLS GRID as of 2026-06-07 05:03:16 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

Homes for rent near 196 E Madison St

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196 E Madison St, Franklin, IN 46131 is a 3 bedroom, 2 bathroom, 1,828 sqft condo built in 1915. This property is not currently available for sale. 196 E Madison St was last sold on Jun 12, 2025 for $400,000 (0% higher than the asking price of $399,900). The current Trulia Estimate for 196 E Madison St is $409,000.