$359,000
$141K PRICE DROP

5478 W State Road 28 Frankfort, IN 46041

Estimated payment $1,924/month

Total Views 69,205
1 Bed
1 Bath
5,844 Sq Ft
$61 Price per Sq Ft

Highlights

  • Cape Cod Architecture
  • Vaulted Ceiling
  • 4 Car Attached Garage
  • Mature Trees
  • Second Story Great Room
  • Entrance Foyer

About This Home

B.Y.O.V.--Bring your own vision as this blank slate gives you a unique opportunity to have your very own Estate Property. Well-built home sits on over 5+ acres of mature trees with close proximity to the greater Lafayette and Indianapolis areas. Well, septic, gas service and electric are present and working. All windows and some building materials included with property. HOME NEEDS TO BE COMPLETED. HOME NEEDS FINISHED. BUYER WILL HAVE TO BUID OUT HOME.

Listing Agent

Joel McWaters

Berkshire Hathaway Home License #RB14041764 Listed on: 06/06/2025

Berkshire Hathaway Home

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $244

Year Built

  • Built in 1997 | Under Construction

Lot Details

  • 5.48 Acre Lot
  • Rural Setting
  • Mature Trees
  • Wooded Lot
  • Additional Parcels

Parking

  • 4 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 1.5-Story Property
  • Vaulted Ceiling
  • Entrance Foyer
  • Second Story Great Room
  • Family or Dining Combination

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Unfinished Basement

  • 9 Foot Basement Ceiling Height
  • Basement Storage
  • Basement Window Egress

Schools

  • Clinton Prairie Elementary School
  • Clinton Prairie Jr-Sr High School

Utilities

  • Well

Community Details

  • Sub Not Found In Table Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number 120911400003000020

Home Details

Home Type

Single Family

Est. Annual Taxes

$244

Year Built

Built in 1997 | Under Construction

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Cape Cod, Traditional
  • Builder Name: ----
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1997
  • Building Area Total: 8571
  • Garage Y N: Yes
  • Lot Size Acres: 5.48
  • Subdivision Name: Sub Not Found In Table
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Website: https://frankfort-in.gov/
  • Accessibility Features YN: No
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Ceiling - 9+ feet, Egress Window(s), Roughed In, Storage Space, Unfinished
  • Appliances: None
  • Levels: One and One Half
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: High Ceilings, Vaulted Ceiling(s), Entrance Foyer
  • Living Area: 5844
  • Main Level Bedrooms: 1
  • Spa Y N: No
  • Areas Interior: Great Room - 2 Story
  • Eating Area: Dining Combo/Family Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 4844
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 1000
  • Rooms Basement: 1

Exterior Features

  • Construction Materials: Other
  • Direction Faces: South
  • Exterior Features: Not Applicable
  • Foundation Details: Concrete Perimeter
  • List Price: 359000
  • Patio And Porch Features: Porch
  • Pool Private Y N: No
  • Property Condition: Under Construction
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Attached, Gravel
  • Fuel: No Fuel Source
  • Garage Parking Other: Service Door
  • Garage Sq Ft: 1059

Utilities

  • Utilities: Septic System
  • Cooling: None
  • Electric: 200+ Amp Service
  • Heating: None, Natural Gas
  • Laundry Features: Connections Some
  • Water Source: Well, Private
  • Solid Waste: No

Lot Info

  • Lot Features: Rural - Not Subdivision, Mature Trees, Wooded
  • Property Attached Yn: No
  • Additional Parcels Description: 014-02002-02 Pt W Se 11-21-2W 3.4759
  • Additional Parcels: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 73181
  • Parcel Number: 120911400003000020
  • Acres: 5-10 Acres
  • Price Acre: 65511

Tax Info

  • Tax Annual Amount: 244
  • Tax Block: 1
  • Tax Lot: 1
  • Semi Annual Property Tax Amt: 122
  • Tax Exemption: None

MLS Schools

  • Elementary School: Clinton Prairie Elementary School
  • High School: Clinton Prairie Jr-Sr High School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $244 $66,100 $31,200 $34,900
2023 $254 $54,000 $31,200 $22,800
2022 $227 $54,600 $31,200 $23,400
2021 $228 $52,400 $31,200 $21,200
2020 $237 $52,400 $31,200 $21,200
2019 $217 $52,400 $31,200 $21,200
2018 $212 $52,400 $31,200 $21,200
2017 $195 $55,800 $31,200 $24,600
2016 $184 $54,800 $30,100 $24,700
2014 $159 $55,400 $30,100 $25,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 Price Changed $359,000 -10.1% $61 / Sq Ft
07/17/2025 07/17/25 Price Changed $399,500 -11.2% $68 / Sq Ft
06/20/2025 06/20/25 Price Changed $449,900 -10.0% $77 / Sq Ft
06/06/2025 06/06/25 For Sale $499,900 -- $86 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Assessor Sales History -- --
Source: Public Records

About the Listing Agent

Joel McWaters

Berkshire Hathaway Home

(765) 295-6308

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22042642

MIBOR Broker Listing Cooperative®

APN: 12-09-11-400-003.000-020