498 E Madison St, Franklin, IN 46131
Property image
Property image
OFF MARKET

498 E Madison St
Franklin, IN 46131

  • 3 Beds
  • 2 Baths
  • 2,806 sqft

$355,600

Trulia Estimate
as of Jul 5, 2026
Est. Refi. Payment $2,096/mo*
Refinance Your Home

$355,600

Trulia Estimate
as of Jul 5, 2026
Est. Refi. Payment $2,096/mo*
Refinance Your Home
3 Beds
2 Baths
2,806 sqft

Local Information

  • Map ViewExplore the area around 498 E Madison St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

This single-family home is located at 498 E Madison St, Franklin, IN. 498 E Madison St is in Franklin, IN and in ZIP code 46131. This property has 3 bedrooms, 2 bathrooms and approximately 2,806 sqft of floor space. This property has a lot size of 6098 sqft and was built in 1940.
498 E Madison St, Franklin, IN 46131 is a 3 bedroom, 2 bathroom, 2,806 sqft single-family home built in 1940. It last sold for $228,000 on Jun 11, 2020. More recently, it was listed as a rental in June 2023 with an asking price of $2,050 per month. That rental listing was removed on June 24, 2023. It is currently off market. The Trulia Estimate is $355,600, with a rent estimate of $1,820/month.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 498 E Madison St

Interior Features

Heating & Cooling
Heating: Forced Air, Electric, GasAir ConditioningCooling System: OtherHeating Fuel: Forced Air
Interior Details
Number of Rooms: 11Types of Rooms: Dining Room
Appliances & Utilities
Dishwasher
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Hardwood

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Brick
Parking & Garage
GarageParking Spaces: 3Parking: Garage Detached, Off Street

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: Single Family HomeArchitecture: Craftsman

Lot Information

Lot Area: 6098 sqft

Price History for 498 E Madison St

DatePriceEventSource
06/24/2023ListingRemovedZillow Rentals
06/05/2023$2,050Listed For RentZillow Rentals
06/15/2022ListingRemovedZillow Rental Manager
04/18/2022$2,000Listed For RentZillow Rental Manager
06/11/2020$228,000Sold
MIBOR as distributed by MLS GRID #21710187
05/20/2020$230,000PendingAgent Provided
05/15/2020$230,000Listed For SaleAgent Provided
08/31/2018$182,400Sold
MIBOR as distributed by MLS GRID #21588462
08/14/2018$189,900PendingAgent Provided
08/10/2018$189,900Listed For SaleAgent Provided

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$4,866
Assessment$238,700
Home facts updated by county records

Comparable Sales for 498 E Madison St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
599 E Adams St, Franklin, IN
0.12
Single-Family Home
$294,900
06/12/26
3
2
1,803
598 Kentucky St, Franklin, IN
0.21
Single-Family Home
$334,500
06/12/26
4
2
2,260
998 E Jefferson St, Franklin, IN
0.28
Single-Family Home
$286,000
05/22/26
3
1.5
2,955
356 N Main St, Franklin, IN
0.39
Single-Family Home
$187,000
11/14/25
3
1.5
2,576
484 E Jefferson St, Franklin, IN
0.06
Single-Family Home
$325,000
02/11/26
3
2
2,369
348 Ohio St, Franklin, IN
0.28
Single-Family Home
$245,000
02/13/26
5
2
3,024
150 E King St, Franklin, IN
0.24
Single-Family Home
$340,000
01/16/26
3
2
2,097
450 E Madison St, Franklin, IN
0.02
Single-Family Home
$530,000
02/26/26
6
2
4,309
151 Yandes St, Franklin, IN
0.05
Single-Family Home
$170,000
09/19/25
2
2
1,782
847 E Jefferson St, Franklin, IN
0.21
Single-Family Home
$500,000
11/10/25
3
2.5
3,051

Nearby homes

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Assigned Schools

These are the assigned schools for 498 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
    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. "
    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
    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
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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
    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
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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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Apartments for Rent

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Explore by feature - Pet Friendly

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Homes for sale near 498 E Madison St

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Off Market Homes Near 498 E Madison St

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