4880 E 500 S, Franklin, IN 46131
OFF MARKET

4880 E 500 S
Franklin, IN 46131

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

$892,200

Trulia Estimate
as of May 23, 2026
Est. Refi. Payment $5,155/mo*
Refinance Your Home

$892,200

Trulia Estimate
as of May 23, 2026
Est. Refi. Payment $5,155/mo*
Refinance Your Home
5 Beds
2.5 Baths
3,426 sqft
(on 20 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
Porch, Patio, Deck, Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info

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: Other, Other, GeothermalAir ConditioningCooling System: Central, GeothermalHeating Fuel: Other
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 History for 4880 E 500 S

DatePriceEventSource
12/06/2019$450,000ListingRemovedAgent Provided
11/22/2019$450,000PendingAgent Provided
10/03/2019$450,000PriceChange
Agent Provided
09/18/2019$460,000PriceChange
Agent Provided
09/01/2019$475,000PriceChange
Agent Provided
08/18/2019$499,900PendingToActiveAgent Provided
08/08/2019$499,900PendingAgent Provided
08/03/2019$499,900Listed For SaleAgent Provided
02/07/2013$285,000Sold
N/A
05/03/2012$299,950PriceChange
Agent Provided
04/17/2012$319,500PriceChange
Agent Provided
03/25/2012$329,500PriceChange
Agent Provided
03/02/2012$355,000PriceChange
Agent Provided
02/15/2012$365,000PriceChange
Agent Provided
01/25/2012$375,000PriceChange
Agent Provided
01/18/2012$374,900PriceChange
Agent Provided
08/25/2011$399,900PriceChange
Agent Provided
07/15/2011$414,900PriceChange
Agent Provided
05/29/2011$429,900PriceChange
Agent Provided
12/17/2010$439,900PriceChange
Agent Provided
10/26/2010$459,900Listed For SaleAgent Provided
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Property Tax and Assessment

Year2025
Tax$744
Assessment$44,900
Home facts updated by county records

Comparable Sales for 4880 E 500 S

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
6022 S 550th Rd E, Franklin, IN
1.54
Single-Family Home
$489,580
08/18/25
3
2
2,688
3642 S Mauxferry Rd, Franklin, IN
1.94
Single-Family Home
$382,450
06/20/25
3
2
1,880
2777 S 600 E, Franklin, IN
2.35
Single-Family Home
$280,000
09/05/25
4
2
1,824
2571 Stonybrook Ln, Franklin, IN
2.40
Single-Family Home
$477,000
08/15/25
5
2.5
2,560

Nearby homes

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Assigned Schools

These are the assigned schools for 4880 E 500 S.
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
    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. "
    0
    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"
    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
    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
    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
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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 "
    0
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4880 E 500 S, Franklin, IN 46131 is a 5 bedroom, 3 bathroom, 3,426 sqft single-family home built in 1998. This property is not currently available for sale. 4880 E 500 S was last sold on Feb 7, 2013 for $285,000. The current Trulia Estimate for 4880 E 500 S is $892,200.