450 E Madison St, Franklin, IN 46131
Property image
Property image
SOLD
FEB 26, 2026

450 E Madison St
Franklin, IN 46131

  • 6 Beds
  • 2 Baths
  • 4,309 sqft

$530,000

Last Sold: Feb 26, 2026
$123/sqft
Est. Refi. Payment $3,118/mo*
Refinance Your Home

$530,000

Last Sold: Feb 26, 2026
$123/sqft
Est. Refi. Payment $3,118/mo*
Refinance Your Home
6 Beds
2 Baths
4,309 sqft

Local Information

  • Map ViewExplore the area around 450 E Madison St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Step back in time with this stunning Craftsman style gem in the heart of downtown Franklin. A spacious 25x10 four-season sunroom welcomes you, featuring screened, operable windows that invite in fresh air and natural light year-round. Inside, the elegant sitting room showcases a large wood-burning fireplace and original wood double doors leading to the formal dining room-perfect for entertaining. Just beyond, a generous living room offers a breathtaking view of the home's intricately detailed staircase. Original hardwood floors, recently refinished, run throughout the main level and upstairs, adding warmth and timeless character. The updated chef's kitchen is a home cook's dream, complete with double ovens and an attached butler's pantry. The home offers six bedrooms total, including one conveniently located on the main floor and five upstairs. One upstairs bedroom has been thoughtfully converted into a laundry room with walk-in closet space. The basement provides ample storage and workspace-ideal for a craftsman or hobbyist. Outside, the backyard is a true host's retreat, featuring a large new deck, firepit, hot tub, and fresh landscaping in both the front and back yards. Raised garden beds in the front yard receive excellent sunlight, creating the perfect space for thriving plants and flowers. A detached garage includes an upper loft ready to be finished and enjoyed. This remarkable home is just steps from Franklin's antique shops, restaurants, boutiques, coffee shops, the Boys & Girls Club, and more. A rare opportunity to own a historic treasure in an unbeatable location. This home has been well preserved and is move in ready! Come and see before it's gone!
450 E Madison St, Franklin, IN 46131 is a 6 bedroom, 2 bathroom, 4,309 sqft single-family home built in 1916. It last sold for the $530,000 asking price on Feb 26, 2026. It is currently off market. The Trulia Estimate is $530,500, with a rent estimate of $2,420/month.

Home Highlights

Parking
Garage
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
$123/sqft
Listed
165 days ago

Home Details for 450 E Madison St

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: Daylight,Finished Walls,Interior Entry,Partial,Storage SpaceNumber of Rooms: 12Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bonus Room, Dining Room, Kitchen, Living Room, Mud Room, Sitting Room, Sun Room
Beds & Baths
Number of Bedrooms: 6Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 4309 Square Feet
Appliances & Utilities
Appliances: Electric Cooktop, ENERGY STAR Qualified Water Heater, ENERGY STAR Qualified Appliances, Disposal, Gas Water Heater, Microwave, Double Oven, Refrigerator, Washer, Water Softener OwnedDisposalLaundry: In Unit,Upper LevelMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Family Room, Masonry, Wood BurningSpa: See RemarksHas a FireplaceHas a Spa
Windows, Doors, Floors & Walls
Window: WoodWorkStain/PaintedFlooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Hardwood

Exterior Features

Exterior Home Features
Patio / Porch: Deck, Glass EnclosedFencing: Fenced, PrivacyFoundation: Block, Full
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached
Farm & Range
Horse Amenities: None
Finished Area
Finished Area (below surface): 711 Square Feet

Days on Market

Cumulative Days on Market: 4

Property Information

Year Built
Year Built: 1916
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Craftsman
Building
Construction Materials: Brick, Wood SidingNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 410814044032000009

Price & Status

Price
List Price: $530,000Price Per Sqft: $123/sqft
Status Change & Dates
Off Market Date: Mon Jan 26 2026Possession Timing: Close Of Escrow

Location

Direction & Address
City: FranklinCommunity: Hamiltons 6th
School Information
Elementary School: Webb Elementary SchoolJr High / Middle School: Franklin Community Middle SchoolHigh School: Franklin Community High SchoolHigh School District: Franklin Community School Corp

Building

Building Area
Building Area: 4309 Square Feet

HOA

No HOA

Lot Information

Lot Area: 7840.8 sqft

Miscellaneous

BasementMls Number: 22081382Attic: Access Only
Last check for updates: about 14 hours ago
Listed by Katelin Dailey
Acup Team, LLC
Bought with: Brent Rickards, (317) 969-5959, Key Realty Indiana
Source: MIBOR as distributed by MLS GRID, MLS#22081382

Price History for 450 E Madison St

DatePriceEventSource
02/26/2026$530,000Sold
MIBOR as distributed by MLS GRID #22081382
01/28/2026$530,000PendingMIBOR as distributed by MLS GRID #22081382
01/23/2026$530,000Listed For SaleMIBOR as distributed by MLS GRID #22081382
12/13/2024$400,000Sold
MIBOR as distributed by MLS GRID #22006979
11/24/2024$399,900PendingMIBOR as distributed by MLS GRID #22006979
11/22/2024$399,900PendingToActiveMIBOR as distributed by MLS GRID #22006979
10/18/2024$399,900PendingMIBOR as distributed by MLS GRID #22006979
10/16/2024$399,900Listed For SaleMIBOR as distributed by MLS GRID #22006979

Market trends in Franklin

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$295K
$11.63KMoM
Sale-to-List Price
98.9%
0.2%MoM
Price per sq ft
$156
$8MoM
Available listings
115
14MoM
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Property Tax and Assessment

Year2025
Tax$2,536
Assessment$252,000
Home facts updated by county records

Comparable Sales for 450 E Madison St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
250 N Home Ave, Franklin, IN
0.22
Single-Family Home
$399,000
07/15/25
4
1.5
4,219
150 E Madison St, Franklin, IN
0.21
Single-Family Home
$600,000
12/11/25
3
2.5
4,887
847 E Jefferson St, Franklin, IN
0.23
Single-Family Home
$500,000
11/10/25
3
2.5
3,051
348 Ohio St, Franklin, IN
0.28
Single-Family Home
$245,000
02/13/26
5
2
3,024
598 Kentucky St, Franklin, IN
0.22
Single-Family Home
$334,500
06/12/26
4
2
2,260
599 E Adams St, Franklin, IN
0.14
Single-Family Home
$294,900
06/12/26
3
2
1,803
998 E Jefferson St, Franklin, IN
0.30
Single-Family Home
$286,000
05/22/26
3
1.5
2,955
1121 E Adams Dr, Franklin, IN
0.49
Single-Family Home
$510,000
12/29/25
4
2
2,458
3772 Hanford Rd, Franklin, IN
0.29
Single-Family Home
$420,000
06/19/26
5
3.5
3,020

Nearby homes

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Assigned Schools

These are the assigned schools for 450 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
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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. "
    0
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  • 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
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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."
    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!"
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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 450 E Madison St

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Off Market Homes Near 450 E Madison St

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Based on information submitted to the MLS GRID as of 2026-07-07 23:58:13 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