NOT LISTED FOR SALE

3541 S 725 E Franklin, IN 46131

Estimated Value: $252,232

12 Acres
$21,019 Price per Acre
522,720 Sq Ft Lot

Last Sold June 14, 2024

Last sale price $250,000

Est. 1% increase in value since last sale

Current estimated payment $1,396/month

103 Days on Market

About This Lot

As of June 2024

12 ACRES in Southeastern Johnson County!! Has over 500 ft of road frontage, so could preliminarily qualify for a roadside subdivision for 2 lots. Will need to communicate with Johnson County Planning and Zoning to receive proper approval. There is a driveway, electricity, mature trees; an old septic and well at the back half of the property that served a mobile home. Front 4-5 acres is tillable and is sharecropped with local farmer. There are currently 2 mobile homes on the property that will be removed by closing day. 15 minutes to I-65, Franklin, Franklin College, and Edinburgh Outlet Mall. Farmers tenants rights may apply depending on timing of purchase.

Last Agent to Sell the Property

Dan & Debbie Abel

Keller Williams Indy Metro S Brokerage Email: theabels@kw.com License #RB19000558 Listed on: 01/13/2024

Keller Williams Indy Metro S

Last Buyer's Agent

Lynn Geis

RE/MAX Centerstone

RE/MAX Centerstone

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,464

Lot Details

  • 12 Acre Lot
  • Rural Setting
  • Mature Trees

Schools

  • East Side Elementary School
  • Edinburgh Comm Middle School
  • Edinburgh Community High School

Utilities

  • Septic Tank
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 411203032003000004

Property Details

Property Type

Land

Est. Annual Taxes

$1,464

Lot Details

0

Listing Details

  • Type: Agric Land,Undeveloped
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2023
  • Lot Size Acres: 12
  • Road Frontage Type: County Road
  • Road Surface Type: Asphalt
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • MBR_AttributionContact: theabels@kw.com
  • Attribution Contact: theabels@kw.com
  • Special Features: None

Exterior Features

  • Other Structures: See Remarks
  • Topography: Flood Plain Partial,Level
  • Road Access: County Rd
  • Water: Well Required,Well on Site,See Remarks

Utilities

  • Sewer: Septic Tank, Septic Needed, See Remarks
  • Solid Waste: No

Schools

  • Middle Or Junior School: Edinburgh Comm Middle School

Lot Info

  • Lot Features: Rural - Not Subdivision, Mature Trees
  • Additional Parcels: No
  • Development Status: See Remarks
  • Horse Amenities: None
  • Lot Size Sq Ft: 522720
  • Parcel Number: 411203032003000004
  • Zoning: Ag
  • Acres: 10-20 Acres
  • Land Characteristics: Mature Trees,Rural Not in Subdivision,Small Trees
  • Present Zoning: Agricultur
  • Soil Type: Not Applic
  • Divisible: Yes

Tax Info

  • Tax Annual Amount: 1464
  • Tax Lot: NA
  • Semi Annual Property Tax Amt: 732

MLS Schools

  • Elementary School: East Side Elementary School
  • High School: Edinburgh Community High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2024
Closed on
Jun 14, 2024
Sold by
Arthur Jack D and Arthur Betty I
Bought by
Lauraitis Donna and Lauraitis Gerald
Seller's Agent
Dan & Debbie Abel
Keller Williams Indy Metro S
Buyer's Agent
Lynn Geis
RE/MAX Centerstone
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Views
351
Current Estimated Value
$252,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,232
Avg. Annual Appreciation
0.55%
Original Mortgage
$212,500
Outstanding Balance
$201,486
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$50,746
Source: Public Records
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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
Lauraitis Donna -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lauraitis Donna $212,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2024 06/14/24 Sold $250,000 -9.1% --
04/26/2024 04/26/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $275,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 $1,016 $2,500 $2,500 $0
2024 $1,016 $51,100 $50,100 $1,000
2023 $508 $46,000 $45,000 $1,000
2022 $935 $46,000 $45,000 $1,000
2021 $616 $41,400 $40,400 $1,000
2020 $662 $40,400 $39,400 $1,000
2019 $618 $39,200 $38,200 $1,000
2018 $1,032 $39,500 $38,500 $1,000
2017 $670 $41,100 $40,100 $1,000
2016 $697 $41,800 $40,800 $1,000
2014 $689 $42,400 $41,400 $1,000
2013 $689 $40,200 $39,500 $700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21959214

MIBOR Broker Listing Cooperative®

APN: 41-12-03-032-003.000-004