$522,500
SOLD JUL 21, 2025

5318 W Gas Line Rd Frankfort, IN 46041

3 Beds
2 Baths
1,738 Sq Ft
16.14 Acres

Recently Sold

$301 Per Sq Ft

2 Days on Market

Highlights

  • 16.14 Acre Lot
  • Traditional Architecture
  • No HOA
  • Wood Burning Stove
  • Cathedral Ceiling
  • Breakfast Room

About This Home

As of July 2025

One-of-a-Kind 16-Acre Retreat with Endless Charm. Discover the perfect blend of comfort, space, and natural beauty with this stunning 16-acre property. Meticulously maintained and thoughtfully designed, this one-of-a-kind home and property offers everything you've been dreaming of-and more. The home features 3 spacious bedrooms, 2 full bathrooms, an exercise room, and a generous 2-car garage. The bright and airy sunroom is the perfect spot to relax with a morning coffee or entertain guests in style. Enjoy cooking in the open-concept kitchen, which boasts an abundance of cabinetry and flows seamlessly into the dining area-ideal for hosting family gatherings and celebrations. The primary suite offers comfort and space, easily accommodating a king-sized bed, with a private full bathroom and ample closet storage. Step outside and fall in love with the property's unique features: multiple outbuildings, a peaceful pond, an above-ground pool, and captivating topography that offers both privacy and charm. This is more than just a home-it's a lifestyle. Whether you're seeking a private retreat or a place to create lasting memories, this property checks every box. Schedule your private showing today and experience the magic for yourself!

Last Agent to Sell the Property

Michael Botkin

CENTURY 21 Scheetz License #RB14048662 Listed on: 04/14/2025

CENTURY 21 Scheetz

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1980

Lot Details

  • 16.14 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,738 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Breakfast Room
  • Crawl Space

Kitchen

  • Electric Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Propane
  • Private Water Source

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 120525100005000020
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,500

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1980
  • Building Area Total: 1738
  • Garage Y N: Yes
  • Lot Size Acres: 16.14
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Cathedral Ceiling(s)
  • Living Area: 1738
  • Eating Area: Breakfast Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1738
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Relocation Controlled
  • Fencing: Chain Link
  • Foundation Details: Crawl Space

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached

Utilities

  • Cooling: Central Air
  • Heating: Baseboard, Propane, Wood Stove
  • Water Source: Private
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 703146
  • Parcel Number: 120525100005000020
  • Acres: 10-20 Acres

Tax Info

  • Tax Annual Amount: 1500
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 750
  • Tax Exemption: Homestead Tax Exemption,Veteran Tax Exemption,Other Tax Exemption/See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2025
Closed on
Jun 23, 2025
Sold by
Cartus Financial Corporation
Bought by
Forthofer Eric J and Forthofer Tara A
Seller's Agent
Michael Botkin
CENTURY 21 Scheetz
List Price
$525,000
Sold Price
$522,500
Premium/Discount to List
-$2,500
-0.48%
Views
31
Current Estimated Value
$527,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,339
Avg. Annual Appreciation
2.64%
Original Mortgage
$312,000
Outstanding Balance
$310,668
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$217,171

Purchase Details

Closed on
Apr 10, 2025
Sold by
Minks Michael L and Minks Marci W
Bought by
Cartus Financial Corporation

Purchase Details

Listed on
Sep 19, 2016
Closed on
Dec 9, 2016
Sold by
Carlson Larry and Carlson Carolyn
Bought by
Minks Michael L and Minks Marci W
Seller's Agent
Julie Knight
BerkshireHathaway HS IN Realty
Buyer's Agent
Jan Dowell
F.C. Tucker/Shook
List Price
$329,000
Sold Price
$310,000
Premium/Discount to List
-$19,000
-5.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Original Mortgage
$316,664
Interest Rate
3.47%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Burnet Title
Warranty Deed -- Burnet Title
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $312,000 New Conventional
Previous Owner $316,664 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/21/2025 07/21/25 Sold $522,500 -0.5% $301 / Sq Ft
04/16/2025 04/16/25 Pending -- -- --
04/14/2025 04/14/25 For Sale $525,000 +69.4% $302 / Sq Ft
12/08/2016 12/08/16 Sold $310,000 -5.8% $176 / Sq Ft View Prior Sale
10/15/2016 10/15/16 Pending -- -- --
09/19/2016 09/19/16 For Sale $329,000 -- $187 / Sq Ft
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 $1,898 $255,600 $67,200 $188,400
2023 $1,501 $197,900 $67,200 $130,700
2022 $1,348 $199,600 $67,200 $132,400
2021 $1,342 $187,600 $67,200 $120,400
2020 $1,362 $190,600 $67,200 $123,400
2019 $1,162 $183,300 $67,200 $116,100
2018 $1,526 $183,300 $67,200 $116,100
2017 $1,459 $191,800 $67,200 $124,600
2016 $1,294 $174,700 $67,600 $107,100
2014 $1,244 $172,700 $67,600 $105,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22032336

MIBOR Broker Listing Cooperative®

APN: 12-05-25-100-005.000-020