7338 Five Points Rd
Indianapolis, IN 46259
South Franklin(on 5.80 acres)
Home Highlights
Listed
9 days ago
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.
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: 9 |
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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 |
Last check for updates: about 8 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.
Market trends in South Franklin
Last updated June 2026
Avg. sale price
$278K
$15KMoM
Sale-to-List Price
98.6%
0.2%MoM
Price per sq ft
$160
$7MoM
Available listings
90
19MoM
Price History for 7338 Five Points Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 07/20/2026 | $599,000 | Listed For Sale | MIBOR as distributed by MLS GRID #22114700 |
| 03/03/2026 | $600,000 | ListingRemoved | MIBOR as distributed by MLS GRID #22064732 |
| 01/08/2026 | $600,000 | Listed For Sale | MIBOR as distributed by MLS GRID #22064732 |
| 01/01/2026 | $600,000 | ListingRemoved | MIBOR as distributed by MLS GRID #22064732 |
| 09/26/2025 | $600,000 | Listed For Sale | MIBOR as distributed by MLS GRID #22064732 |
| 07/08/2025 | $600,000 | ListingRemoved | MIBOR as distributed by MLS GRID #22001693 |
| 03/24/2025 | $600,000 | PendingToActive | MIBOR as distributed by MLS GRID #22001693 |
| 10/14/2024 | $600,000 | Pending | MIBOR as distributed by MLS GRID #22001693 |
| 09/14/2024 | $600,000 | Listed For Sale | MIBOR as distributed by MLS GRID #22001693 |
| 11/15/2023 | ListingRemoved | MIBOR as distributed by MLS GRID #21934132 | |
| 05/26/2023 | $595,000 | Listed For Sale | MIBOR as distributed by MLS GRID #21923160 |
| 12/22/2014 | $165,000 | Sold | MIBOR as distributed by MLS GRID #21320007 |
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Property Tax and Assessment
| Year | 2025 |
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| Tax | $2,377 |
| Assessment | $330,800 |
Home facts updated by county records
Comparable Sales for 7338 Five Points Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.89 | Lot/Land | $169,900 | 10/31/25 | - | - | ||
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 | - | - | ||
1.68 | Lot/Land | $660,000 | 10/30/25 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
OFF MARKETBerkshire Hathaway Home, Sold
SOLDMAY 28, 2026Modern Realty Group Inc, Sold
OFF MARKETFathom Realty, Sold
OFF MARKETBerkshire Hathaway Home, Sold
SOLDJUN 24, 2026Opendoor Brokerage LLC, Sold
SOLDFEB 20, 2026eXp Realty, LLC, Sold
OFF MARKETeXp Realty LLC, Sold
SOLDAPR 8, 2026Lisa Meinczinger, Sold
OFF MARKETIndiana Real Estate Alliance,, Sold
OFF MARKETHoosier, REALTORS®, Sold
OFF MARKETMark Dietel Realty, LLC, Sold
Assigned Schools
These are the assigned schools for 7338 Five Points Rd.
- Bunker Hill Elementary School
- K-3
- Public
- 487 Students
5/10GreatSchools 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 Review2mo ago - Franklin Central High School
- 9-12
- Public
- 3438 Students
9/10GreatSchools RatingParent Rating AverageWhy Franklin Central is the Best High SchoolHigh school plays a crucial role in shaping students' futures, and Franklin Central High School stands out for its academic excellence, extracurricular opportunities, and thriving school community. Whether through outstanding programs, diverse activities, or a commitment to student success, Franklin Central offers an exceptional experience.Academic ExcellenceFranklin Central’s rigorous curriculum challenges students in subjects like science, math, literature, and social studies. Advanced Placement (AP) and honors courses allow students to earn college credit, preparing them for higher education. The school’s dedicated teachers are passionate and invested in student success, ensuring strong academic preparation.Extracurricular OpportunitiesBeyond academics, Franklin Central provides extensive extracurricular activities catering to diverse interests. Its athletics program competes at high levels in sports like football, basketball, and track. The award-winning music and arts programs include marching bands, choirs, and drama productions. Clubs such as the National Honor Society, robotics team, and student government foster leadership and engagement.A Supportive and Inclusive CommunityFranklin Central promotes a culture of inclusivity and support, where students, teachers, and staff work together. Counselors and mentors assist students with academic and personal challenges, ensuring they receive needed support. The school values diversity, creating an environment where all students feel welcome and appreciated.Preparation for the FutureFranklin Central goes beyond education by preparing students for life after high school. College preparatory programs, career counseling, and internship opportunities equip students with essential skills. Partnerships with businesses and universities provide real-world experience through internships and dual-credit courses, easing the transition to college or the workforce.ConclusionFranklin Central High School excels due to its academic programs, extracurricular opportunities, supportive community, and future-focused approach. It fosters intellectual, social, and personal growth, ensuring students leave well-prepared for success.Student Review1y ago - Franklin Central Junior High
- 7-8
- Public
- 1797 Students
7/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Edgewood Intermediate School
- 4-6
- Public
- 1300 Students
5/10GreatSchools RatingParent Rating AverageNo reviews available for this school. 
Check out schools near 7338 Five Points Rd.
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
85 % Say car is needed
82 % Say there are sidewalks
78 % Say yards are well-kept
77 % Say there's holiday spirit
73 % Say it's quiet
72 % Say kids play outside
71 % Say people would walk alone at night
60 % Say neighbors are friendly
60 % 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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Ben Bashal, Midland Realty Group, Inc.
Based on information submitted to the MLS GRID as of 2026-07-29 12:33:27 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
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.