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

$604,800

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

1980 S 550 E, Franklin, IN 46131

Est. Refi. Payment $3,731/mo*
Refinance Your Home
Currently Off Market - Sold Dec 15, 2025 for $600,000 (0% above list price)

Home Value

Trulia Estimate
$605K
Since last month
Increased$3K (+0.4%)
Since last year
Increased$41K (+7.2%)
Since last sale
Increased$5K (+0.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +108% in the last 10 years
MonthEstimated value
2026
September 2026$605K
August 2026$603K
July 2026$600K
June 2026$602K
May 2026$608K
April 2026$606K
March 2026$604K
February 2026$605K
January 2026$603K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
2035 S 550 E, Franklin, IN
0.23
Single-Family Home
$925,000
06/12/26
3
3.5
3,746
1633 S Old Us Highway 31, Franklin, IN
1.23
Single-Family Home
$315,000
09/18/26
3
2
1,624
2350 Fox Dr, Franklin, IN
1.50
Single-Family Home
$438,000
08/31/26
3
3
2,516
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
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
2073 S US Highway 31, Franklin, IN
1.58
Single-Family Home
$150,000
06/19/26
3
1
1,140

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
1794 S 550 E, Franklin, IN 46131
0.21
$328,900
3
2
1,644
Off Market
2035 S 550 E, Franklin, IN 46131
0.23
$925,000
3
3.5
3,746
Recently Sold
5495 E Greensburg Rd, Franklin, IN 46131
0.24
$450,000
3
2
1,773
For Sale
1873 S 510 E, Franklin, IN 46131
0.30
$441,200
3
2
3,006
Off Market
5761 E Greensburg Rd, Franklin, IN 46131
0.34
$560,700
3
3
2,667
Off Market
5589 County Road 250 E, Franklin, IN 46131
0.61
-
-
-
-
Off Market
2683 S 600th Rd E, Franklin, IN 46131
0.88
$245,300
3
2
1,504
Off Market
2737 S 600 E, Franklin, IN 46131
0.92
$263,500
3
2
1,724
Off Market
2777 S 600 E, Franklin, IN 46131
0.96
$301,100
4
2
1,824
Off Market
150 E South St, Franklin, IN 46131
1.01
$165,000
-
-
-
Recently Sold
2545 S US Highway 31, Franklin, IN 46131
1.11
$303,300
3
2
1,749
Off Market

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

Single-Family Home
Built in 1988
10 acre lot
2,392 sqft
$251/sqft
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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $604,800, with a rent estimate of $2,290/month.
Last check for updates: about 1 hour 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

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

Price and Tax history

DateEventPrice
Dec 15, 2025
Source: MIBOR as distributed by MLS GRID #22067053
Sold
$600,000
Oct 28, 2025
Source: MIBOR as distributed by MLS GRID #22067053
Pending
$599,900
Oct 15, 2025
Source: MIBOR as distributed by MLS GRID #22067053
Listed For Sale
$599,900
Jun 11, 2018
Source: MIBOR as distributed by MLS GRID #21561018
Sold
$315,000
Apr 30, 2018
Source: Agent Provided
Pending
$299,900

Market trends in Franklin

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

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."
    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
    Flag
  • 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. "
    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
    Flag
  • 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
    Flag
  • Erika
    "There is a nice dog park and plenty of side walks for your fur babies to get exercise and socialize as well. 😊"
    0
    Flag
  • Loriprince210
    "There are multiple dog owners always walking their dogs. Dogs are a welcome addition to the neighborhood. "
    0
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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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LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-22 13:18:02 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 1980 S 550 E

  • What is 1980 S 550 E estimated to be worth?
    Trulia's estimated value for 1980 S 550 E in Franklin, IN is $604,800.
  • What is the price history for 1980 S 550 E?
    1980 S 550 E in Franklin, IN last sold for $600,000 in December 2025.
  • 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.
  • Does 1980 S 550 E have air conditioning?
    Yes, 1980 S 550 E in Franklin, IN has air conditioning.
  • Does 1980 S 550 E have laundry facilities?
    Yes, 1980 S 550 E in Franklin, IN has in-unit laundry.

Explore by feature - Pet Friendly

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