$599,000
7338 Five Points Rd, Indianapolis, IN 46259
Est. Mortgage $3,691/mo*
Get Pre-QualifiedHome Highlights
Lot/Land
5.8 acre lot
Local Information
- Map ViewExplore the area around 7338 Five Points Rd.
- Schools2 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
This vast property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. Has been approved to allow the construction of additional homes and approved to split into 2, 4 or 5 separate parcels (Plat maps attached) the option of a private driveway with private gate, also a tennis court or playground which you can see on attached approved plat maps. Zoning allows horse boarding on property and possible zoning request for retail. Front of the property features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20x32 feet and an above-ground swimming pool wooden deck. This site presents an excellent opportunity for the development of private subdivision, with approved potential for subdividing into 5 parcels of one acre each, 4 parcels or 2 parcels. Previous plans for a small gated community are available upon request. This well-maintained multifunctional real estate asset situated at the highly sought after corner of Five Points Road and Shelbyville Road, boasting approximately 800 feet of road frontage.
Last check for updates: about 4 hours ago
Listing Provided by: Ben Bashal
Midland Realty Group, Inc.
Source: MIBOR as distributed by MLS GRID, MLS#22114700
Also Listed on MIBOR as distributed by MLS GRID.
Home Details for 7338 Five Points Rd
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MLS Status: Active |
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Exterior Home Features Other Structures: Tenant House, Other |
Frontage Road Frontage: County Road, County Rd, Frontage RoadRoad Surface Type: Asphalt |
Farm & Range Horse Amenities: None, Hay Storage, Pasture, Other |
Surface & Elevation Topography: Level |
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Cumulative Days on Market: 1Days on Market: 55 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land, Residential Lots |
Building Not a New ConstructionHas Additional Parcels |
Property Information Parcel Number: 491514125022000300Additional Parcels Description: Approved plat options to split into 4 or 5 plots and private driveway & gate. |
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Price List Price: $599,000 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: IndianapolisCommunity: No Subdivision |
School Information Elementary School: Mary Adams Elementary SchoolJr High / Middle School: Franklin Central Junior HighHigh School District: Franklin Township Com Sch Corp |
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Listing Agent Listing ID: 22114700 |
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No HOA |
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Lot Area: 5.8 Acres |
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Listing Terms: Other |
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Mls Number: 22114700 |
Around this home
- Bunker Hill Elementary School
- K-3
- Public
- 487 Students
8/10GreatSchools RatingParent Rating AverageBunker Hill Elementary has caring staff and educators that treat students as family. They greet students by name and with a positive attitude. Bunker Hill takes pride in their annual traditions and events, where families are welcomed! Communication comes home several times per week from teachers and administrators. Our children have thrived socially and academically at Bunker Hill.Parent Review3mo ago - Edgewood Intermediate School
- 4-6
- Public
- 1300 Students
5/10GreatSchools RatingParent Rating Average
No reviews available for this school.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about South Franklin
At least 73 Trulia users voted on each feature.
90 % Say parking is easy
89 % Say it's dog friendly
86 % Say car is needed
82 % Say there are sidewalks
78 % Say yards are well-kept
77 % Say there's holiday spirit
72 % Say it's quiet
72 % Say kids play outside
71 % Say people would walk alone at night
60 % Say neighbors are friendly
59 % Say streets are well-lit
54 % Say they plan to stay for at least 5 years
44 % Say there's wildlife
36 % Say it's walkable to grocery stores
36 % Say there are community events
29 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
Market trends in South Franklin
Last updated August 2026
Avg. sale price
$349K
$59.17KMoM
Sale-to-List Price
98.5%
0.2%MoM
Price per sq ft
$162
$1MoM
Available listings
85
3MoM
Home Value
Trulia Estimate
$414KSince last month
Decreased$18K (-4.1%)Since last year
Increased$189K (+81.7%)Since last sale
Increased$255K (+154.3%)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 +128% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $420K |
| August 2026 | $414K |
| July 2026 | $438K |
| June 2026 | $566K |
| May 2026 | $568K |
| April 2026 | $567K |
| March 2026 | $567K |
| February 2026 | $562K |
| January 2026 | $570K |
2025 | |
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 |
|---|---|---|---|---|---|---|---|
0.89 | Lot/Land | $169,900 | 10/31/25 | - | - | ||
1.38 | Lot/Land | $235,500 | 08/07/26 | - | - | ||
1.54 | Lot/Land | $180,000 | 06/15/26 | - | - | ||
1.45 | Lot/Land | $131,000 | 02/17/26 | - | - | ||
1.36 | Lot/Land | $140,000 | 04/27/26 | - | - | ||
1.65 | Lot/Land | $550,000 | 12/15/25 | - | - | ||
1.53 | Lot/Land | $165,000 | 01/23/26 | - | - | ||
1.96 | Lot/Land | $155,000 | 11/12/25 | - | - |
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 |
|---|---|---|---|---|---|---|
0.04 | $275,800 | 3 | 2 | 1,452 | Off Market | |
0.05 | $255,000 | 3 | 2 | 1,275 | Recently Sold | |
0.06 | $253,100 | 3 | 1.5 | 1,286 | Off Market | |
0.07 | $274,900 | 3 | 2 | 1,452 | Off Market | |
0.08 | $250,000 | 3 | 3 | 1,945 | Recently Sold | |
0.09 | $249,500 | 3 | 2 | 1,460 | Recently Sold | |
0.06 | - | - | - | - | Off Market | |
0.11 | $206,800 | 3 | 1 | 1,176 | Off Market | |
0.15 | $235,000 | 3 | 2 | 1,297 | Recently Sold | |
0.16 | $254,400 | 3 | 1.5 | 1,422 | Off Market | |
0.17 | $256,900 | 4 | 2 | 1,856 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 20, 2026 Source: MIBOR as distributed by MLS GRID #22114700 | Listed For Sale | $599,000 |
Mar 3, 2026 Source: MIBOR as distributed by MLS GRID #22064732 | ListingRemoved | $600,000 |
Jan 8, 2026 Source: MIBOR as distributed by MLS GRID #22064732 | Listed For Sale | $600,000 |
Jan 1, 2026 Source: MIBOR as distributed by MLS GRID #22064732 | ListingRemoved | $600,000 |
Sep 26, 2025 Source: MIBOR as distributed by MLS GRID #22064732 | Listed For Sale | $600,000 |
Jul 8, 2025 Source: MIBOR as distributed by MLS GRID #22001693 | ListingRemoved | $600,000 |
Mar 24, 2025 Source: MIBOR as distributed by MLS GRID #22001693 | PendingToActive | $600,000 |
Oct 14, 2024 Source: MIBOR as distributed by MLS GRID #22001693 | Pending | $600,000 |
Sep 14, 2024 Source: MIBOR as distributed by MLS GRID #22001693 | Listed For Sale | $600,000 |
Nov 15, 2023 Source: MIBOR as distributed by MLS GRID #21934132 | ListingRemoved | |
May 26, 2023 Source: MIBOR as distributed by MLS GRID #21923160 | Listed For Sale | $595,000 |
Dec 22, 2014 Source: MIBOR as distributed by MLS GRID #21320007 | Sold | $165,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,377 | $330,800 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Ben Bashal, Midland Realty Group, Inc.
Based on information submitted to the MLS GRID as of 2026-09-13 14:47:56 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
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Frequently asked questions about 7338 Five Points Rd
- How big is 7338 Five Points Rd?7338 Five Points Rd in Indianapolis, IN is about 5.8 acres.
- What is the price per acre for 7338 Five Points Rd?7338 Five Points Rd in Indianapolis, IN is listed at $599,000, or about $105K per acre.
- What do residents say about the South Franklin neighborhood?Residents describe the South Franklin neighborhood in Indianapolis, IN as easy to park in, dog-friendly, and pedestrian-friendly. See homes for sale in South Franklin, Indianapolis.
- What are the closest schools to 7338 Five Points Rd?The closest schools to 7338 Five Points Rd in Indianapolis, IN are Bunker Hill Elementary School (rated 8/10), Edgewood Intermediate School (Elementary, rated 5/10), Franklin Central High School (rated 7/10).
7338 Five Points Rd, Indianapolis, IN 46259 is a lot/land. 7338 Five Points Rd is located in South Franklin, Indianapolis. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Jul 20, 2026. The MLS # for this home is MLS# 22114700.