NOT LISTED FOR SALE

1486 Michigan Rd Franklin, IN 46131

Estimated Value: $223,000 - $236,000

3 Beds
2 Baths
1,136 Sq Ft
$200/Sq Ft Est. Value

About This Home

Spacious 3 bed/2 bath ranch home. Updated everywhere, New LVP flooring throughout, freshlly painted walls, doors, trim and ceiling. Completed gutted and renovated bathrooms. New A/C and Furnace, Stainless kitchen appliances. Primary Bedroom has an attached bathroom and his and her closets. Large backyard for your enjoyment.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
Lake Prop 1 Llc
Bought by
Fisher Kyle
Current Estimated Value
$227,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$138,231
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$88,146

Purchase Details

Closed on
Aug 21, 2006
Sold by
Rackemann Alan D and Rackemann Laurie Y
Bought by
Loos Andrew L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,900
Interest Rate
11.15%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fisher Kyle $185,000 Eagle Land Title
Lake Prop 1 Llc $185,000 Eagle Land Title
Loos Andrew L -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fisher Kyle $140,000
Previous Owner Loos Andrew L $89,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Off Market $1,650 -- --
03/26/2025 03/26/25 For Rent $1,650 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,000 $180,800 $32,000 $148,800
2023 $1,843 $168,100 $32,000 $136,100
2022 $1,704 $154,700 $28,200 $126,500
2021 $1,424 $130,300 $28,200 $102,100
2020 $1,312 $120,600 $28,200 $92,400
2019 $1,279 $117,700 $10,000 $107,700
2018 $1,048 $111,400 $10,000 $101,400
2017 $991 $98,100 $10,000 $88,100
2016 $813 $88,300 $10,000 $78,300
2014 $734 $81,400 $16,600 $64,800
2013 $734 $84,200 $16,100 $68,100
Source: Public Records

Map

Indiana Johnson County Franklin 46131

1486 Michigan Rd, Franklin, IN

This home is located at 1486 Michigan Rd, Franklin, IN 46131 and is currently estimated at $227,223, approximately $200 per square foot. 1486 Michigan Rd is a home located in Johnson County with nearby schools including Creekside Elementary School, Franklin Community Middle School, and Custer Baker Intermediate School.

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