4880 E 500 S, Franklin, IN 46131
Property image
Property image
OFF MARKET

4880 E 500 S
Franklin, IN 46131

  • 5 Beds
  • 2.5 Baths
  • 3,426 sqft (on 20 acres)

$932,000

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $5,475/mo*
Refinance Your Home

$932,000

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $5,475/mo*
Refinance Your Home
5 Beds
2.5 Baths
3,426 sqft
(on 20 acres)

Home Value

Trulia Estimate
$932K
Since last month
Decreased$2K (-0.2%)
Since last year
Increased$20K (+2.2%)
Since last sale
Increased$639K (+224.2%)
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 +1,095% in the last 10 years
MonthEstimated value
2026
August 2026$924K
July 2026$926K
June 2026$934K
May 2026$899K
April 2026$915K
March 2026$920K
February 2026$911K
January 2026$897K
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
4866 E 500 S, Franklin, IN
0.18
Single-Family Home
$740,000
01/27/26
5
4
4,877
5051 S Us Highway 31, Franklin, IN
0.88
Single-Family Home
$390,000
11/13/25
4
3
2,112
4363 E State Road 252, Franklin, IN
0.53
Single-Family Home
$1,800,000
08/29/25
3
3.5
5,200
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
0.74
Single-Family Home
$321,350
11/12/25
2
1
2,260
3664 S 550 E, Franklin, IN
1.17
Single-Family Home
$225,900
04/06/26
2
1
1,776
3301 S 550 E, Franklin, IN
1.58
Single-Family Home
$310,000
07/27/26
2
2
1,080
2777 S 600 E, Franklin, IN
2.35
Single-Family Home
$280,000
09/05/25
4
2
1,824
2499 S US Highway 31, Franklin, IN
2.44
Single-Family Home
$560,000
09/08/25
4
3
3,160
4108 S 800 E, Edinburgh, IN
2.91
Single-Family Home
$500,000
02/17/26
3
3
2,560

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
4866 E 500 S, Franklin, IN 46131
0.18
$740,000
5
4
4,877
Recently Sold
4621 S 537 E, Franklin, IN 46131
0.28
$188,800
2
1
1,006
Off Market
4796 S 550 E, Franklin, IN 46131
0.34
$297,000
3
2.5
1,288
Off Market
4732 S 550 E, Franklin, IN 46131
0.35
$212,900
3
1
1,267
Off Market
4622 S 550 E, Franklin, IN 46131
0.38
$284,500
3
2
1,258
Off Market
E 500th Rd S, Franklin, IN 46131
0.37
-
-
-
-
Off Market
5465 E State Road 252, Franklin, IN 46131
0.41
$183,400
2
1
1,296
Off Market
4363 E State Road 252, Franklin, IN 46131
0.53
$1,775,700
3
3.5
5,200
Off Market
4659 E 400 S, Franklin, IN 46131
0.67
$395,000
1
1
1,431
Recently Sold
4170 S US Highway 31 Rd, Franklin, IN 46131
0.72
$439,600
4
2
3,300
Off Market
4412 E State Road 252, Franklin, IN 46131
0.74
$321,350
2
1
2,260
Recently Sold
5051 S US Highway 31 Rd, Franklin, IN 46131
0.87
$405,600
3
2
2,112
Off Market

Local Information

  • Map ViewExplore the area around 4880 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
1998
Lot Size
20 acres
Living Area
3,426 sqft
Price/Sqft
$272
Parking
Garage

About this House

Secluded Secluded Secluded....Peace & Quiet In Abundance. 20 Beautiful Wooded Acres With A Stock Fishing Lake, Young's Creek Access In The Back Of The Property; Hiking/4-Wheeling Trails. Spacious 4-5 Bedroom Home, Over-Sized Kitchen For Entertaining, Large Screen Room And Maintenance Free Deck Overlooking Lake W/Floating Dock. Master Bedroom Has Gorgeous View Of Lake, Jacuzzi Tub, Separate Shower, His & Her Closets & Laundry Room. Beautiful Hardwood Floors On Main Level, Skylights In Kitchen & Great-Room, Kitchen Boasts Granite Counter Tops, Built-In Double Oven, Jenn-Air Gas Cook Top, Trash Compactor & Large Walk-In Pantry. 2nd Master In Walkout Basement Plus 2 Additional Bedrooms, Tv Room, Utility Room And Massive Amounts Of Storage.
4880 E 500 S, Franklin, IN 46131 is a 5 bedroom, 3 bathroom, 3,426 sqft single-family home built in 1998. It last sold for $285,000 on Feb 7, 2013. It is currently off market. The Trulia Estimate is $932,000, with a rent estimate of $2,777/month.

Home Details for 4880 E 500 S

Interior Features

Interior Details
BasementAdditional StorageAtticNumber of Rooms: 7Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Master Bath, Mud Room, Office, PantryStorageCeiling Fan
Heating & Cooling
Heating: GeothermalAir ConditioningCooling System: Central, GeothermalHeating Fuel: Geothermal
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Hardwood
Appliances & Utilities
DishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceJetted Bath Tub
Security
Security System

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: Vinyl, BrickFoundation Type: Crawl RaisedLawnPatioPorch
Pool
Pool
Parking & Garage
GarageParking Spaces: 4Parking: Garage Attached, Garage Detached

Property Information

Year Built
Year Built: 1998Year Updated: 2021
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Lot Information

Lot Area: 20.00 acres

Mobile R/V

RV Parking
Rv Parking

Building

Fitness & Sports
Basketball Court

Additional Information

Intercom

Price and Tax history

DateEventPrice
Dec 6, 2019
Source: Agent Provided
ListingRemoved
$450,000
Nov 22, 2019
Source: Agent Provided
Pending
$450,000
Oct 3, 2019
Source: Agent Provided
PriceChange
$450,000
Price decreased by 2%
Sep 18, 2019
Source: Agent Provided
PriceChange
$460,000
Price decreased by 3%
Sep 1, 2019
Source: Agent Provided
PriceChange
$475,000
Price decreased by 5%

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
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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
    Flag
  • 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

Frequently asked questions about 4880 E 500 S

  • What is 4880 E 500 S estimated to be worth?
    Trulia's estimated value for 4880 E 500 S in Franklin, IN is $932,000.
  • What is the price history for 4880 E 500 S?
    4880 E 500 S in Franklin, IN last sold for $285,000 in February 2013.
  • 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 4880 E 500 S have air conditioning?
    Yes, 4880 E 500 S in Franklin, IN has air conditioning.
  • Does 4880 E 500 S have a pool?
    Yes, 4880 E 500 S in Franklin, IN has a pool.

Explore by feature - Pet Friendly

45 pet-friendly rentals in Franklin, IN

Explore by feature - Garage

30 rentals with a garage in Franklin, IN

Explore by feature - Air Conditioning

34 rentals with air conditioning in Franklin, IN

Explore by feature - Pool

7 rentals with a pool in Franklin, IN

Explore by feature - Washer/dryer

29 rentals with a washer/dryer in Franklin, IN

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