1980 S 550 E, Franklin, IN 46131
Property image
Property image
SOLD
DEC 15, 2025

1980 S 550 E
Franklin, IN 46131

  • 3 Beds
  • 2.5 Baths
  • 2,392 sqft (on 10 acres)

$600,000

Last Sold: Dec 15, 2025
0% over list $600K
$251/sqft

$600,000

Last Sold: Dec 15, 2025
0% over list $600K
$251/sqft
3 Beds
2.5 Baths
2,392 sqft
(on 10 acres)

Local Information

  • Map ViewExplore the area around 1980 S 550 E.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1988
Lot Size
10 acres
Living Area
2,392 sqft
Price/Sqft
$251/sqft
Parking
3 Car Garage

About this House

Set on 10 scenic acres, this property has been carefully transformed over the past seven years from its original state of "just as it is" condition into a well-maintained home. One of the owners happens to be a Hardscape expert; his expertise has been poured into enhancing the exterior with a welcoming front entrance, an expansive 25'x40' rear paver patio, including an outdoor built-in kitchen area and a Hot tub, and an upper deck off the primary suite that offers stunning views of the property. Inside, some major, well thought and attractive renovations have been completed: walls were moved so the kitchen is much more open and completely gutted, the primary bathroom & the stairway banister enclosed wall was removed blending modern updates with timeless charm. Don't miss the impressive before-and-after photos when you tour the home! Additional updates include a new garage door and a solid built 24'x27' Pole Barn with a 6'x27' overhang porch area. The important essentials beyond the aesthetics of the home itself have all been addressed, ROOF, HVAC, WATER SOFTENER, GARAGE DOOR, CRAWL SPACE to name a few were all done in 2018/19. The land is truly special-10 acres featuring a stocked pond, maintained trails, and thoughtfully preserved areas for wildflowers, native plants, and trees. Take a walk to the edge of the property, and you might even be greeted by the neighboring horses.
1980 S 550 E, Franklin, IN 46131 is a 3 bedroom, 3 bathroom, 2,392 sqft single-family home built in 1988. It last sold for the $599,900 asking price on Dec 15, 2025. It is currently off market. The Trulia Estimate is $600,800, with a rent estimate of $2,192/month.

Home Details for 1980 S 550 E

Active Status

MLS Status: Sold

Interior Features

Interior Details
Number of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Office
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 2392 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Disposal, Gas Water Heater, MicroHood, Electric Oven, Refrigerator, Washer, Water Purifier, Water Softener Owned, OtherDishwasherDisposalDryerRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Family Room, Gas LogSpa: Above Ground, PrivateHas a FireplaceHas a Spa
Levels, Entrance, & Accessibility
Stories: 2Levels: Two
View
Has a ViewView: Pond, Trees/Woods

Exterior Features

Exterior Home Features
Patio / Porch: Covered, DeckFencing: Fenced, PartialOther Structures: Barn PoleExterior: Balcony, Gas GrillFoundation: Crawl Space
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3No CarportHas a GarageHas an Attached GarageParking Spaces: 3Parking: Attached,Detached
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 14

Property Information

Year Built
Year Built: 1988
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Cedar, StoneNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 410729034015001019

Price & Status

Price
List Price: $599,900Price Per Sqft: $251/sqft
Status Change & Dates
Off Market Date: Tue Oct 28 2025Possession Timing: Negotiable

Location

Direction & Address
City: FranklinCommunity: No Subdivision
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: 2392 Square Feet

HOA

No HOA

Lot Information

Lot Area: 10 Acres

Miscellaneous

Mls Number: 22067053Attic: Pull Down StairsWater View: Pond
Last check for updates: about 3 hours ago
Listed by Janna Long
Janna Long Real Estate LLC
Bought with: Janna Long, Janna Long Real Estate LLC
Source: MIBOR as distributed by MLS GRID, MLS#22067053

Price History for 1980 S 550 E

DatePriceEventSource
12/15/2025$600,000Sold
MIBOR as distributed by MLS GRID #22067053
10/28/2025$599,900PendingMIBOR as distributed by MLS GRID #22067053
10/15/2025$599,900Listed For SaleMIBOR as distributed by MLS GRID #22067053
06/11/2018$315,000Sold
MIBOR as distributed by MLS GRID #21561018
04/30/2018$299,900PendingAgent Provided
04/25/2018$299,900Listed For SaleAgent Provided
02/28/2002$212,105Sold
MIBOR as distributed by MLS GRID #2138806

Market trends in Franklin

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$283K
$12.5KMoM
Sale-to-List Price
98.9%
0.1%MoM
Price per sq ft
$162
$7MoM
Available listings
117
2MoM
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Property Tax and Assessment

Year2025
Tax$3,702
Assessment$354,900
Home facts updated by county records

Comparable Sales for 1980 S 550 E

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2035 S 550 E, Franklin, IN
0.23
Single-Family Home
$925,000
06/12/26
3
3.5
3,746
2499 S US Highway 31, Franklin, IN
1.16
Single-Family Home
$560,000
09/08/25
4
3
3,160
2777 S 600 E, Franklin, IN
0.96
Single-Family Home
$280,000
09/05/25
4
2
1,824
2310 Fox Dr, Franklin, IN
1.46
Single-Family Home
$459,000
04/28/26
4
3
2,034
313 S 600 E, Franklin, IN
1.73
Single-Family Home
$409,000
09/26/25
3
2
2,544
2571 Stonybrook Ln, Franklin, IN
1.56
Single-Family Home
$477,000
08/15/25
5
2.5
2,560
535 S 450 E, Franklin, IN
1.56
Single-Family Home
$254,000
07/24/26
3
1.5
1,631
3301 S 550 E, Franklin, IN
1.38
Single-Family Home
$310,000
07/27/26
2
2
1,080
1175 S Old Us Highway 31, Franklin, IN
1.68
Single-Family Home
$217,000
12/05/25
3
1.5
1,178

Nearby homes

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Assigned Schools

These are the assigned schools for 1980 S 550 E.
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
    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 "
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Homes for sale near 1980 S 550 E

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Off Market Homes Near 1980 S 550 E

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Based on information submitted to the MLS GRID as of 2026-08-05 23:08:04 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