7220 S Franklin Rd Indianapolis, IN 46259
South Franklin Neighborhood
4
Beds
3
Baths
2,806
Sq Ft
8.96
Acres
Highlights
- 8.96 Acre Lot
- Mature Trees
- No HOA
- Franklin Central High School Rated A-
- Vaulted Ceiling
- Covered patio or porch
About This Home
As of December 2024Once in a lifetime opportunity to own and occupy this restored 1875 farmhouse! This 4 bedroom, 3 bathroom farmhouse sits on almost 9 acres in desired Franklin Township. Over $600,000 of improvements to the property by current owners! Large, 3 car detached garage, huge 54X30 Timberpeg barn perfect for parties and entertainment! 11,000 square feet of stamped concrete, large fire pit and stage. You must see this property in person to truly appreciate the setting and beauty. Mature trees throughout. The farmhouse has been completely updated and professionally decorated. Improvements/Structures on the property include the remodeled farmhouse, 3 car detached garage, a huge party barn, and original milk barn. Just a few of the recent improvements include: approximately 4 acres of site work/clearing, connection to city water, irrigation system that covers approximately 2 acres, bridge installation the crosses the creek, 11,000+- installation of stamped concrete patio with 2 raised areas for stage/band, huge fire pit area, 1020 sq foot walkway to bridge, epoxy floors in barn, new electrical, beverage cooler, whiskey barrel themed decor throughout party barn, and a 600+ foot privacy fence. Hurry, this opportunity will not last long!
Last Agent to Sell the Property
Armstrong Real Estate Brokerag Brokerage Email: armstrongrebrokerage@gmail.com License #RB14037443 Listed on: 05/09/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,198
Year Built
- Built in 1875
Lot Details
- 8.96 Acre Lot
- Mature Trees
Parking
- 3 Car Detached Garage
Home Design
- Block Foundation
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Built-in Bookshelves
- Vaulted Ceiling
- Paddle Fans
- Formal Dining Room
- Basement
- Basement Cellar
- Attic Access Panel
- Fire and Smoke Detector
- Laundry on main level
Kitchen
- Eat-In Kitchen
- Electric Oven
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- Covered patio or porch
- Shed
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Iron Water Filter
- Well
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 4916181210010003000
- Assessor Parcel Number 491618121001000300
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2024
Closed on
Dec 2, 2024
Sold by
Bunte Realty Llc
Bought by
Kiesel Anthony and Kiesel Heather
Seller's Agent
Scott Armstrong
Armstrong Real Estate Brokerag
Buyer's Agent
Jason Riley
eXp Realty, LLC
List Price
$1,074,500
Sold Price
$995,000
Premium/Discount to List
-$79,500
-7.4%
Views
146
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$165,272
Avg. Annual Appreciation
-19.66%
Original Mortgage
$825,000
Outstanding Balance
$822,016
Interest Rate
6.54%
Mortgage Type
VA
Estimated Equity
$35,395
Purchase Details
Closed on
Jul 17, 2023
Sold by
Joyce B Johnson Revocable Living Trust
Bought by
Bunte Realty Llc
Purchase Details
Listed on
Apr 7, 2022
Closed on
Jun 14, 2022
Sold by
Joyce B Johnson Revocable Living Trust
Bought by
Bunte Realty Llc
Seller's Agent
Charlene Brown
eXp Realty, LLC
Buyer's Agent
Monica Klein
Dollens Real Estate, Inc
List Price
$600,000
Sold Price
$590,000
Premium/Discount to List
-$10,000
-1.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.19%
Purchase Details
Closed on
Jul 11, 2020
Sold by
Johnson Joyce B
Bought by
Johnson Joyce B and Joyce B Johnson Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 6, 2018
Sold by
Johnson Kenneth H and Johnson Joyce B
Bought by
Joyce B Johnson Revocable Living Trust
Similar Homes in Indianapolis, IN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $995,000 | Chicago Title | |
| Deed | -- | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Deed | $590,000 | Chicago Title | |
| Quit Claim Deed | $590,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $825,000 | VA | |
| Previous Owner | $374,000 | New Conventional | |
| Previous Owner | $374,000 | New Conventional | |
| Previous Owner | $360,000 | New Conventional | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $360,000 | No Value Available | |
| Previous Owner | $165,974 | Unknown | |
| Previous Owner | $261,000 | New Conventional | |
| Previous Owner | $169,000 | Credit Line Revolving | |
| Previous Owner | $256,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $105,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/03/2024 12/03/24 | Sold | $995,000 | -0.4% | $355 / Sq Ft |
| 11/01/2024 11/01/24 | Pending | -- | -- | -- |
| 10/21/2024 10/21/24 | Price Changed | $999,000 | -2.5% | $356 / Sq Ft |
| 10/09/2024 10/09/24 | Price Changed | $1,025,000 | -4.6% | $365 / Sq Ft |
| 09/25/2024 09/25/24 | For Sale | $1,074,500 | 0.0% | $383 / Sq Ft |
| 08/09/2024 08/09/24 | Pending | -- | -- | -- |
| 07/23/2024 07/23/24 | Price Changed | $1,074,500 | -2.3% | $383 / Sq Ft |
| 07/11/2024 07/11/24 | Price Changed | $1,099,500 | -4.3% | $392 / Sq Ft |
| 06/21/2024 06/21/24 | Price Changed | $1,149,500 | -3.8% | $410 / Sq Ft |
| 06/06/2024 06/06/24 | Price Changed | $1,195,000 | -7.7% | $426 / Sq Ft |
| 05/09/2024 05/09/24 | For Sale | $1,295,000 | +119.5% | $462 / Sq Ft |
| 05/10/2022 05/10/22 | Sold | $590,000 | -1.7% | $193 / Sq Ft |
| 04/09/2022 04/09/22 | Pending | -- | -- | -- |
| 04/07/2022 04/07/22 | For Sale | $600,000 | -- | $197 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $11,682 | $553,700 | $74,700 | $479,000 |
| 2023 | $11,682 | $539,800 | $72,100 | $467,700 |
| 2022 | $5,589 | $329,200 | $72,100 | $257,100 |
| 2021 | $5,001 | $299,800 | $67,900 | $231,900 |
| 2020 | $4,687 | $276,700 | $67,800 | $208,900 |
| 2019 | $4,275 | $248,900 | $60,000 | $188,900 |
| 2018 | $4,144 | $240,500 | $60,300 | $180,200 |
| 2017 | $4,026 | $233,000 | $62,000 | $171,000 |
| 2016 | $3,805 | $218,200 | $62,700 | $155,500 |
| 2014 | $3,408 | $209,100 | $63,300 | $145,800 |
| 2013 | $1,308 | $130,800 | $19,600 | $111,200 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Scott Armstrong
Armstrong Real Estate Brokerag
(317) 432-1544
1 in this area
161 Total Sales
-
Buyer's Agent in 2024
Jason Riley
eXp Realty, LLC
1 in this area
43 Total Sales
-
C
Seller's Agent in 2022
Charlene Brown
eXp Realty, LLC
-
Buyer's Agent in 2022
Monica Klein
Dollens Real Estate, Inc
(317) 850-7943
6 in this area
71 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21978504
APN: 49-16-18-121-001.000-300
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