2509 Cedarmill Dr Franklin, IN 46131
Estimated payment $1,858/month
Highlights
- Home fronts a pond
- Mature Trees
- Walk-In Closet
- View of Trees or Woods
- 2 Car Attached Garage
- Laundry Room
About This Home
WATERFRONT HOME FOR SALE in Franklin, Indiana! Spacious 3bd, 2.5ba lakefront property located in the highly desired Heritage neighborhood. Every bedroom has an attached bath and walk-in closet plus a loft overlooking the tree lined water with no backyard neighbors! The open-concept floor plan includes a cozy fireplace, dining area, and a modern kitchen-perfect for entertaining or family living. The kitchen features a large island, TWO pantries, and stainless steel appliances (all included), along with a new water heater (2025). You'll also love the front-load washer & dryer (only 3 years old), Simplisafe Security System and keyless entry. The oversized insulated garage was recently painted and includes a workshop/utility room, freezer, and 60-gallon air compressor (all stay!). Step outside to a large fenced backyard with a gated entrance, exterior lighting, firepit, and stunning lakefront views-fishing allowed! The Heritage community offers a pool, gym, playgrounds, sports courts, and paved trails for just $34/month HOA dues. Located in historic Franklin, Indiana (voted Best Main Street in 2019), this home is close to charming downtown shops, top-rated restaurants, Franklin College, two waterparks, an amphitheater, and year-round community events. Quick access to Greenwood, Indianapolis, and major highways makes this the perfect balance of small-town living with big-city convenience. This move-in ready lakefront home in Franklin, IN has everything you need-don't miss your chance to make it yours!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,016
Year Built
- Built in 2016
Lot Details
- 6,621 Sq Ft Lot
- Home fronts a pond
- Mature Trees
HOA Fees
- $33 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Property Views
- Pond
- Woods
Home Design
- Slab Foundation
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Paddle Fans
- Electric Fireplace
- Entrance Foyer
- Storage
Kitchen
- Electric Oven
- Dishwasher
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Laundry on upper level
Home Security
- Smart Lights or Controls
- Smart Locks
- Fire and Smoke Detector
Outdoor Features
- Fire Pit
Schools
- Franklin Community Middle School
- Custer Baker Intermediate School
- Franklin Community High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- Association fees include home owners, clubhouse, maintenance, parkplayground, snow removal, tennis court(s), trash, walking trails
- Association Phone (317) 738-4370
- Heritage Subdivision
- Property managed by Heritage Homeowners Association
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Legal Lot and Block 664 / 5
- Assessor Parcel Number 410801033023000018
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $3,016 | $279,300 | $31,000 | $248,300 |
| 2024 | $3,016 | $271,900 | $31,000 | $240,900 |
| 2023 | $2,916 | $262,600 | $31,000 | $231,600 |
| 2022 | $2,702 | $240,900 | $31,000 | $209,900 |
| 2021 | $2,257 | $202,800 | $31,000 | $171,800 |
| 2020 | $1,940 | $175,200 | $31,000 | $144,200 |
| 2019 | $1,850 | $167,400 | $13,400 | $154,000 |
| 2018 | $1,549 | $163,300 | $13,400 | $149,900 |
| 2017 | $1,455 | $144,500 | $13,400 | $131,100 |
| 2016 | $9 | $300 | $300 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2025 09/01/25 | Price Changed | $295,500 | -1.5% | $140 / Sq Ft |
| 08/14/2025 08/14/25 | Price Changed | $300,000 | 0.0% | $142 / Sq Ft |
| 08/14/2025 08/14/25 | For Sale | $300,000 | -4.8% | $142 / Sq Ft |
| 08/12/2025 08/12/25 | Off Market | $315,000 | -- | -- |
| 07/18/2025 07/18/25 | Price Changed | $315,000 | -3.1% | $149 / Sq Ft |
| 06/09/2025 06/09/25 | Price Changed | $325,000 | -3.0% | $154 / Sq Ft |
| 05/29/2025 05/29/25 | For Sale | $335,000 | +28.8% | $158 / Sq Ft |
| 11/23/2021 11/23/21 | Sold | $260,000 | +4.0% | $123 / Sq Ft |
| 11/08/2021 11/08/21 | Pending | -- | -- | -- |
| 11/06/2021 11/06/21 | For Sale | $249,900 | -- | $118 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $153,508 | FHA | |
| Previous Owner | $20,000,000 | Construction |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22041692
APN: 41-08-01-033-023.000-018
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. 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.
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