5151 S Franklin Rd, Indianapolis, IN 46239
Property image
Property image
OFF MARKET

$1,280,000

Trulia Estimate
  • 3 Beds
  • 3,416 sqft (on 21 acres)

5151 S Franklin Rd, Indianapolis, IN 46239

Galludet
Est. Refi. Payment $7,994/mo*
Refinance Your Home
Currently Off Market - Sold Jun 22, 2023 for $1,425,000

Home Value

Trulia Estimate
$1.28M
Since last month
Increased$57K (+4.5%)
Since last year
Increased$197K (+17.4%)
Since last sale
Decreased$97K (-6.8%)
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 +10% in the last 10 years
MonthEstimated value
2026
September 2026$1.33M
August 2026$1.27M
July 2026$1.23M
June 2026$1.19M
May 2026$1.03M
April 2026$1.13M
March 2026$1.05M
February 2026$1.1M
January 2026$1.25M
2025
2024
2023

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
6553 Stonepointe Way, Indianapolis, IN
2.11
Lot/Land
$575,000
12/08/25
4
-
2,852
7301 E Edgewood Ave, Indianapolis, IN
1.56
Lot/Land
$235,500
08/07/26
-
-
8701 E Southport Rd, Indianapolis, IN
1.87
Lot/Land
$550,000
12/15/25
-
-
10214 E McGregor Rd, Indianapolis, IN
2.92
Lot/Land
$345,000
10/14/25
-
2,812
11051 Vandergriff Rd, Indianapolis, IN
2.85
Lot/Land
$1,350,000
04/03/26
-
-
6617 Stonepointe Way, Indianapolis, IN
2.16
Lot/Land
$67,800
03/10/26
-
-
3250 Fisher Rd, Indianapolis, IN
2.13
Lot/Land
$25,000
06/05/26
-
-
8235 S Franklin Rd, Indianapolis, IN
3.13
Lot/Land
$660,000
10/30/25
-
-
7751 S Franklin Rd, Indianapolis, IN
2.64
Lot/Land
$180,000
06/15/26
-
-
S Carroll Rd, Indianapolis, IN
3.21
Lot/Land
$395,000
03/30/26
-
-

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
5125 Gerhing Dr, Indianapolis, IN 46239
0.09
$337,600
3
2
1,696
Off Market
8556 Broad St, Indianapolis, IN 46239
0.10
$315,680
3
3
1,740
Recently Sold
5220 Gehring Dr, Indianapolis, IN 46239
0.11
$288,200
3
2
1,533
Off Market
8562 Broad St, Indianapolis, IN 46239
0.11
$315,000
3
2
1,694
Off Market
5232 Gerhing Dr, Indianapolis, IN 46239
0.11
$307,940
3
2
1,338
Recently Sold
8426 Grand Appaloosa Way, Indianapolis, IN 46235
0.16
$318,190
3
2
1,793
Recently Sold
8614 Broad St, Indianapolis, IN 46239
0.12
$334,900
3
2
1,528
For Sale
8414 Honorable Dr, Indianapolis, IN 46239
0.16
$395,385
5
3
2,736
For Sale
8444 Grand Appaloosa Way, Indianapolis, IN 46235
0.16
$345,000
4
2.5
2,131
Recently Sold
5122 Clemens Pl, Indianapolis, IN 46239
0.14
$345,000
4
3.5
2,523
For Sale
5202 Hearst Ln, Indianapolis, IN 46239
0.14
$316,000
3
2.5
2,494
Recently Sold
5208 Hearst Ln, Indianapolis, IN 46239
0.14
$281,400
3
2
1,454
Off Market

Local Information

  • Map ViewExplore the area around 5151 S Franklin Rd.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Lot/Land
Built in 1969
21 acre lot
3,416 sqft
$375/sqft
Garage

About this House

This lot/land is located at 5151 S Franklin Rd, Indianapolis, IN. 5151 S Franklin Rd is in the Galludet neighborhood in Indianapolis, IN and in ZIP code 46239. This property has 3 bedrooms and approximately 3,416 sqft of floor space. This property has a lot size of 15.00 acres and was built in 1969.
5151 S Franklin Rd, Indianapolis, IN 46239 is a 3 bedroom, 3,416 sqft lot/land in Galludet, built in 1969. It last sold for $1,425,000 on Jun 22, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,280,000.

Home Details for 5151 S Franklin Rd

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1969
Property Type / Style
Property Type: Lot Land

Interior Features

Interior Details
Number of Rooms: 10Types of Rooms: Family Room
Appliances & Utilities
Cable Ready
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace

Lot Information

Lot Area: 21.00 acres

Price and Tax history

DateEventPrice
Jun 22, 2023
Source: MIBOR as distributed by MLS GRID #21725898
Sold
$1,425,000
Jun 28, 2022
Source: MIBOR as distributed by MLS GRID #21725898
Pending
$1,500,000
Jan 12, 2022
Source: MIBOR as distributed by MLS GRID #21725898
Listed For Sale
$1,500,000
Jan 7, 2022
Source: MIBOR as distributed by MLS GRID #21725903
Sold
$701,260
Jan 6, 2022
Source: MIBOR as distributed by MLS GRID #21725903
Pending
$720,000

Market trends in Indianapolis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$257K
$6.7KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$145
$1MoM
Available listings
4241
187MoM

Around this home

Neighborhood Overview

Galludet
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Galludet

At least 56 Trulia users voted on each feature.

  • 97 % Say car is needed

  • 91 % Say yards are well-kept

  • 89 % Say parking is easy

  • 89 % Say it's dog friendly

  • 87 % Say there are sidewalks

  • 84 % Say kids play outside

  • 75 % Say people would walk alone at night

  • 74 % Say there's holiday spirit

  • 65 % Say it's quiet

  • 65 % Say streets are well-lit

  • 58 % Say neighbors are friendly

  • 52 % Say there's wildlife

  • 49 % Say they plan to stay for at least 5 years

  • 36 % Say there are community events

  • 29 % Say it's walkable to restaurants

  • 12 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Debi Woodmansee
    "There is a Dog park a few blocks away from the neighborhood. Fenced in yards allowed, sidewalks to take your dogs on a walk safely. "
    0
    Flag
  • Debi Woodmansee
    "I live a few minutes drive to local dining options and grocery stores, hospitals and the library. 13 minutes to my work. "
    0
    Flag
  • Debi Woodmansee
    "Food trucks, pool, playgrounds, fishing ponds, close to stores, eateries, library, gymnastics, great schools."
    0
    Flag
  • Trulia User
    "There are lots of children and they are good wholesome children. Friendly and helpful neighbors. It’s a fun, interactive neighborhood."
    0
    Flag
  • Trulia User
    "Safe and police officer and the cleanness of it and have grocery shops and shopping nearby and you are safe to walk your dog "
    0
    Flag
  • Trulia User
    "I have lived here for 3 years and I have always felt safe for my family and friend and the neighbors keep to they selves and police officers reside in the neighborhood also so extra safe"
    0
    Flag
  • Trulia User
    "Fantastic area to raise a family only about 15 minutes away from downtown and everything you need is right down the road without feeling congested it feels very homely out here"
    0
    Flag
  • Patti T. T.
    "we recently celebrated July 4th with a huge community party. it was very nice to see so many join us and meet others in the neighborhood"
    1
    Flag
  • Patti T. T.
    "You see people walking their dogs all the time, sometimes joggers even have their dogs joggling along. People clean up after their pets also."
    1
    Flag
  • Sarah B.
    "A very quiet and friendly neighborhood, I never lock my doors and have no worries about leaving the car running while I run inside. I frequently take late night strolls alone and have NEVER been afraid. I love seeing the wild bunnies in the spring. In the afternoon, if you're outside, you can distantly hear the kids at the elementary school having recess, which I've always found sweet"
    0
    Flag
  • Monkeygirl6437
    "My neighborhood is quiet. A good mix of older and younger families. Everyone watches out for each other. Is close to everything but far enough away to feel secluded. "
    0
    Flag
  • Nicole N.
    "It’s a great place to live it’s nice and decently quiet and I love living in this neighborhood my kids and I love it "
    0
    Flag
  • Nicole N.
    "There are lots of dogs in my neighborhood and lots of dog owners. I feel like it’s a safe environment. "
    0
    Flag
  • Mcguiregroup
    "We have our own neighborhood Facebook page and everyone posts things about the neighborhood about what’s going on both good and bad. "
    0
    Flag
  • Colleen H.
    "Lots of walking trails and street lights. There is a park nearby thats pet friendly and paved streets around the neighborhood "
    0
    Flag
  • Colleen H.
    "you need a car in this area. Good schools reasonable priced houses. Near freeway and close to downtown "
    0
    Flag
  • Sam_hannah77
    "It’s inexpensive and safe. It’s friendly with a lot of kids. It has a great school system and our neighbors have always been helpful. "
    16
    Flag
  • Colleen H.
    "love my neighborhood its got a great school district and the houses are well kept houses sell quickly shops are close and the freeway is 5 mins away"
    0
    Flag
  • Sam_hannah77
    "We Live in southeast side in Franklin Township. Great schools, clean and friendly community. Our neighborhood feels very safe and it’s easy to get to downtown. "
    0
    Flag
  • amagesh
    "I have one of my friend living in this area. It is a great location, good schools, closer to shopping centers and malls. 15 minutes drive to downtown and greenwood mall. It is a great neighborhood."
    0
    Flag
  • Marcy R.
    "We love this area! We have lived here since 2008 and enjoy living close to Indy. It's easy to get anywhere with three interstates within 10 minutes (I-65, I-465, & I-74). It's a great place to live!"
    0
    Flag
  • jontattoo
    "great area for kids great schools"
    2
    Flag
  • Kristina B.
    "Perfect for families, close to shopping, groceries, and entertainment. Great Franklin Township Schools! Community Pool, play area, shelter house, & more!"
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5151 S Franklin Rd

  • What is 5151 S Franklin Rd estimated to be worth?
    Trulia's estimated value for 5151 S Franklin Rd in Indianapolis, IN is $1,280,000.
  • What is the price history for 5151 S Franklin Rd?
    5151 S Franklin Rd in Indianapolis, IN last sold for $1,425,000 in June 2023.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $257K. That is up $6.7K from the prior month.

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Off Market Homes Near 5151 S Franklin Rd

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