4866 E 500 S, Franklin, IN 46131
SOLD
JAN 27, 2026

4866 E 500 S
Franklin, IN 46131

  • 5 Beds
  • 4 Baths
  • 4,877 sqft (on 11.66 acres)

$740,000

Last Sold: Jan 27, 2026
3% below list $760K
$152/sqft
Est. Refi. Payment $4,362/mo*
Refinance Your Home

$740,000

Last Sold: Jan 27, 2026
3% below list $760K
$152/sqft
Est. Refi. Payment $4,362/mo*
Refinance Your Home
5 Beds
4 Baths
4,877 sqft
(on 11.66 acres)

Home Value

Trulia Estimate
$813K
Since last month
Decreased$15K (-1.8%)
Since last year
Increased$52K (+6.8%)
Since last sale
Increased$73K (+9.8%)
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 +151% in the last 10 years
MonthEstimated value
2026
August 2026$813K
July 2026$828K
June 2026$722K
May 2026$723K
April 2026$724K
March 2026$720K
February 2026$743K
January 2026$715K
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
4363 E State Road 252, Franklin, IN
0.38
Single-Family Home
$1,800,000
08/29/25
3
3.5
5,200
5051 S Us Highway 31, Franklin, IN
1.02
Single-Family Home
$390,000
11/13/25
4
3
2,112
4659 E 400 S, Franklin, IN
0.67
Single-Family Home
$395,000
11/04/25
1
1
1,431
4412 E State Road 252, Franklin, IN
0.64
Single-Family Home
$321,350
11/12/25
2
1
2,260
3664 S 550 E, Franklin, IN
1.30
Single-Family Home
$225,900
04/06/26
2
1
1,776
2035 S 550 E, Franklin, IN
2.86
Single-Family Home
$925,000
06/12/26
3
3.5
3,746
2499 S US Highway 31, Franklin, IN
2.49
Single-Family Home
$560,000
09/08/25
4
3
3,160
3301 S 550 E, Franklin, IN
1.69
Single-Family Home
$310,000
07/27/26
2
2
1,080
1980 S 550 E, Franklin, IN
3.07
Single-Family Home
$600,000
12/15/25
3
2.5
2,392

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
4363 E State Road 252, Franklin, IN 46131
0.38
$1,775,700
3
3.5
5,200
Off Market
E 500th Rd S, Franklin, IN 46131
0.37
-
-
-
-
Off Market
4621 S 537 E, Franklin, IN 46131
0.46
$188,800
2
1
1,006
Off Market
4796 S 550 E, Franklin, IN 46131
0.51
$297,000
3
2.5
1,288
Off Market
4732 S 550 E, Franklin, IN 46131
0.52
$211,400
3
1
1,267
Off Market
4622 S 550 E, Franklin, IN 46131
0.56
$284,500
3
2
1,258
Off Market
5465 E State Road 252, Franklin, IN 46131
0.60
$183,400
2
1
1,296
Off Market
4412 E State Road 252, Franklin, IN 46131
0.64
$321,350
2
1
2,260
Recently Sold
4659 E 400 S, Franklin, IN 46131
0.67
$395,000
1
1
1,431
Recently Sold
10 E State Road 252, Franklin, IN 46131
0.77
-
-
-
-
Off Market
4170 S US Highway 31 Rd, Franklin, IN 46131
0.89
$454,700
4
2
3,300
Off Market

Local Information

  • Map ViewExplore the area around 4866 E 500 S.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1999
Lot Size
11.66 acres
Living Area
4,877 sqft
Price/Sqft
$152/sqft
Parking
3 Car Garage

About this House

Not just a home, but a retreat-tucked deep down a private gravel road with no through traffic, this 11.66-acre property offers peace, privacy, and a lifestyle where modern comfort meets the beauty of nature. Surrounded by wooded acreage rich with deer, turkey, and other wildlife, it's perfect for those who value seclusion and space to explore. A peaceful creek winds through the land, while trails meander through the woods-ideal for quiet walks, wildlife watching, or simply enjoying the stillness. With room to roam, space for animals, and endless outdoor opportunities, this property delivers a rare balance of natural beauty and modern living. The fully remodeled 5-bedroom, 5-bath home offers over 4,800 square feet of thoughtfully designed living space. The primary suite features a private sitting room, two large walk-in closets plus an additional closet, and a spa-like bath with custom tile shower, freestanding soaking tub, double vanity, and bidet. Four additional bedrooms and two fully remodeled baths complete the upper level. The main floor includes an open-concept layout with a dream kitchen boasting a 10' x 3.6' island with butcher block and vegetable sink, farm sink, walk-in pantry, stainless steel appliances, touchless faucets, and designer lighting. Hardwood and luxury vinyl plank flooring extend throughout. Additional amenities include a finished side-load 3-car garage, three 50-gallon water heaters, dual 200-amp panels, and high-speed fiber internet. The 46x12 deck is ideal for entertaining, while the walk-out basement offers a large family room, remodeled half-bath with plumbing for a full bath, and two flexible rooms for a home office, gym, or creative space. Freshly drywalled and painted, the basement adds versatility. An energy-efficient geothermal system installed in 2020 completes this exceptional property. This one-of-a-kind retreat blends privacy, natural beauty, and modern comfort-don't miss your chance to experience it.
4866 E 500 S, Franklin, IN 46131 is a 5 bedroom, 5 bathroom, 4,877 sqft single-family home built in 1999. It last sold for $740,000 on Jan 27, 2026 (3% below the $760,000 asking price). It is currently off market. The Trulia Estimate is $812,700, with a rent estimate of $3,454/month.
Last check for updates: about 21 hours ago
Listed by Patrick Watkins
Mike Watkins Real Estate Group
Christopher Watkins
Mike Watkins Real Estate Group
Bought with: Angi Oakes, Berkshire Hathaway Home
Source: MIBOR as distributed by MLS GRID, MLS#22049683

Home Details for 4866 E 500 S

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: Ceiling - 9+ feet,Finished,Partial,Roughed In,Walk-Out AccessNumber of Rooms: 15Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Dining Room, Family Room, Great Room, Kitchen, Laundry, Living Room, Sitting Room
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 5Number of Bathrooms (full): 3Number of Bathrooms (half): 2Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 4877 Square Feet
Appliances & Utilities
Appliances: Electric Cooktop, Dishwasher, Oven, Double Oven, Range Hood, Refrigerator, Water Softener RentedDishwasherRefrigerator
Heating & Cooling
Heating: GeothermalHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Geothermal
Gas & Electric
Electric: 200+ Amp Service
Windows, Doors, Floors & Walls
Window: Wood Work PaintedFlooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Hardwood

Exterior Features

Exterior Home Features
Patio / Porch: Covered, DeckOther Structures: StorageFoundation: Concrete Perimeter, Block
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Other Parking: Garage Parking Other(Finished Garage)No CarportHas a GarageHas an Attached GarageParking Spaces: 3Parking: Attached,Gravel,Garage Door Opener,Garage Faces Side
Farm & Range
Horse Amenities: None
Finished Area
Finished Area (below surface): 1227 Square Feet

Days on Market

Cumulative Days on Market: 137

Property Information

Year Built
Year Built: 1999
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Vinyl SidingNot a New ConstructionNot Attached PropertyHas Additional Parcels
Property Information
Parcel Number: 411207044008000004Additional Parcels Description: 411208033011006004, 411217022007005004

Price & Status

Price
List Price: $760,000Price Per Sqft: $152/sqft
Status Change & Dates
Off Market Date: Sat Dec 13 2025Possession Timing: Negotiable

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

Building

Building Area
Building Area: 4877 Square Feet

HOA

No HOA

Lot Information

Lot Area: 11.66 Acres

Miscellaneous

BasementMls Number: 22049683Attic: Access Only

Price and Tax history

DateEventPrice
Jan 27, 2026
Source: MIBOR as distributed by MLS GRID #22049683
Sold
$740,000
Dec 15, 2025
Source: MIBOR as distributed by MLS GRID #22049683
Pending
$760,000
Nov 11, 2025
Source: MIBOR as distributed by MLS GRID #22049683
PriceChange
$760,000
Price decreased by 2%
Sep 26, 2025
Source: MIBOR as distributed by MLS GRID #22049683
PriceChange
$774,900
Price decreased by 3%
Jul 30, 2025
Source: MIBOR as distributed by MLS GRID #22049683
Listed For Sale
$799,900

Market trends in Franklin

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$285K
$2.67KMoM
Sale-to-List Price
98.9%
0.1%MoM
Price per sq ft
$174
$11MoM
Available listings
114
3MoM

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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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 2026-08-18 12:42:54 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 4866 E 500 S

  • What is 4866 E 500 S estimated to be worth?
    Trulia's estimated value for 4866 E 500 S in Franklin, IN is $812,700.
  • What is the price history for 4866 E 500 S?
    4866 E 500 S in Franklin, IN last sold for $740,000 in January 2026.
  • 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 $285K. That is up $2.67K from the prior month.
  • Does 4866 E 500 S have air conditioning?
    Yes, 4866 E 500 S in Franklin, IN has air conditioning.
  • Does 4866 E 500 S have laundry facilities?
    Yes, 4866 E 500 S in Franklin, IN has laundry facilities.

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