5861 S 550 E, Franklin, IN 46131
Property image
Property image
OFF MARKET

$369,400

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,800 sqft (on 4 acres)

5861 S 550 E, Franklin, IN 46131

Est. Refi. Payment $2,221/mo*
Refinance Your Home
Currently Off Market - Sold Nov 13, 2018 for $217,000

Home Value

Trulia Estimate
$369K
Since last month
Decreased$3K (-0.8%)
Since last year
Increased$14K (+3.9%)
Since last sale
Increased$152K (+69.9%)
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 +146% in the last 10 years
MonthEstimated value
2026
August 2026$369K
July 2026$372K
June 2026$371K
May 2026$367K
April 2026$364K
March 2026$354K
February 2026$347K
January 2026$344K
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
5051 S Us Highway 31, Franklin, IN
0.80
Single-Family Home
$390,000
11/13/25
4
3
2,112
6486 E Orchard Dr, Edinburgh, IN
1.30
Single-Family Home
$260,000
07/02/26
3
2
1,434
6195 E 700 S, Edinburgh, IN
1.20
Single-Family Home
$197,000
10/19/25
2
1
1,020
4412 E State Road 252, Franklin, IN
2.02
Single-Family Home
$321,350
11/12/25
2
1
2,260
4866 E 500 S, Franklin, IN
1.39
Single-Family Home
$740,000
01/27/26
5
4
4,877
4659 E 400 S, Franklin, IN
2.01
Single-Family Home
$395,000
11/04/25
1
1
1,431
3664 S 550 E, Franklin, IN
2.21
Single-Family Home
$225,900
04/06/26
2
1
1,776
7642 S 800 E, Edinburgh, IN
2.72
Single-Family Home
$240,600
04/17/26
2
1.5
1,344
7664 S 800 E, Edinburgh, IN
2.74
Single-Family Home
$335,000
02/18/26
3
2
3,184
204 Glasgow Dr, Edinburgh, IN
2.90
Single-Family Home
$260,000
08/14/26
3
1.5
1,456

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
6022 S 550th Rd E, Franklin, IN 46131
0.21
$496,700
3
2
2,688
Off Market
5051 S Us Highway 31, Franklin, IN 46131
0.80
$390,000
4
3
2,112
Recently Sold
5051 S US Highway 31 Rd, Franklin, IN 46131
0.81
$401,700
3
2
2,112
Off Market
E 500th Rd S, Franklin, IN 46131
1.02
-
-
-
-
Off Market
4796 S 550 E, Franklin, IN 46131
1.13
$296,600
3
2.5
1,288
Off Market
4732 S 550 E, Franklin, IN 46131
1.18
$210,700
3
1
1,267
Off Market
6195 E 700 S, Edinburgh, IN 46124
1.20
$199,200
2
1
1,020
Off Market
4622 S 550 E, Franklin, IN 46131
1.28
$285,400
3
2
1,258
Off Market
4621 S 537 E, Franklin, IN 46131
1.31
$199,000
2
1
1,006
For Sale
6486 E Orchard Dr, Edinburgh, IN 46124
1.30
$260,000
3
2
1,434
Recently Sold
6417 E Orchard Dr, Edinburgh, IN 46124
1.31
$351,600
3
2
1,720
Off Market
6490 E Orchard Dr, Edinburgh, IN 46124
1.31
$327,600
3
2
1,638
Off Market

Local Information

  • Map ViewExplore the area around 5861 S 550 E.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1967
Lot Size
4 acres
Living Area
1,800 sqft
Price/Sqft
$205
Parking
Garage

About this House

This single-family home is located at 5861 S 550 E, Franklin, IN. 5861 S 550 E is in Franklin, IN and in ZIP code 46131. This property has 3 bedrooms, 2 bathrooms and approximately 1,800 sqft of floor space. This property has a lot size of 3.68 acres and was built in 1967.
5861 S 550 E, Franklin, IN 46131 is a 3 bedroom, 2 bathroom, 1,800 sqft single-family home built in 1967. It last sold for $217,000 on Nov 13, 2018. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $369,400, with a rent estimate of $1,779/month.

Home Details for 5861 S 550 E

Interior Features

Interior Details
BasementNumber of Rooms: 5Types of Rooms: Walk In Closet, Laundry Room, Master Bath, WorkshopCeiling Fan
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet, Laminate
Appliances & Utilities
DishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: MetalExterior: Vinyl, BrickFoundation Type: Crawl RaisedLawnPatioPorch
Parking & Garage
GarageParking Spaces: 6Parking: Garage Attached, Garage Detached, Off Street

Property Information

Year Built
Year Built: 1967Year Updated: 2018
Property Type / Style
Property Type: Single Family HomeArchitecture: Craftsman

Lot Information

Lot Area: 4.00 acres

Mobile R/V

RV Parking
Rv Parking

Price and Tax history

DateEventPrice
Nov 13, 2018
Source: MIBOR as distributed by MLS GRID #21598640
Sold
$217,000
Oct 28, 2018
Source: Agent Provided
Pending
$249,999
Oct 21, 2018
Source: Agent Provided
PriceChange
$249,999
Price decreased by 11%
Oct 12, 2018
Source: Agent Provided
PriceChange
$279,900
Price decreased by 2%
Oct 3, 2018
Source: Agent Provided
PriceChange
$285,900
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
    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
    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
    Flag
  • 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 5861 S 550 E

  • What is 5861 S 550 E estimated to be worth?
    Trulia's estimated value for 5861 S 550 E in Franklin, IN is $369,400.
  • What is the price history for 5861 S 550 E?
    5861 S 550 E in Franklin, IN last sold for $217,000 in November 2018.
  • 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 5861 S 550 E have air conditioning?
    Yes, 5861 S 550 E in Franklin, IN has air conditioning.
  • Does 5861 S 550 E have laundry facilities?
    Yes, 5861 S 550 E in Franklin, IN has in-unit laundry.

Explore by feature - Pet Friendly

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