NOT LISTED FOR SALE

3541 S 725 E Franklin, IN 46131

Estimated Value: $245,092

12 Acres
$20,424 Price per Acre
522,720 Sq Ft Lot

Last Sold June 14, 2024

Last sale price $250,000

Est. 2% decrease in value since last sale

Current estimated payment $1,454/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 License #RB14033661

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

  • List Price: 275000
  • 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
  • Price Acre: 20833
  • 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%
Total Days on Market
103
Views
351
Current Estimated Value
$245,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,908
Avg. Annual Appreciation
-3.48%
Original Mortgage
$212,500
Outstanding Balance
$205,255
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$35,964
Source: Public Records

Range of Values:

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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
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 Change Sq Ft Price
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 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 $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

  • Dan & Debbie Abel

    Seller's Agent in 2024

    Dan & Debbie Abel

    Keller Williams Indy Metro S

    (317) 412-0959

    30 in this area

    170 Total Sales

    Dan & Debbie Abel
    Section Image
  • Lynn Geis

    Buyer's Agent in 2024

    Lynn Geis

    RE/MAX Centerstone

    (317) 339-4132

    1 in this area

    116 Total Sales

    Lynn Geis
    Section Image
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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

Indiana Johnson County Franklin 46131

3541 S 725 E, Franklin, IN

This home is located at 3541 S 725 E, Franklin, IN 46131 since 13 January 2024 and is currently estimated at $245,092. 3541 S 725 E is a home located in Johnson County with nearby schools including East Side Elementary School, Edinburgh Community Middle School, and Edinburgh Community High School.

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.

MIBOR Broker Listing Cooperative® 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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