1506 Michigan Rd is a 972 square foot house on a 7,492 square foot lot with 3 bedrooms and 1.5 bathrooms. Based on Redfin's Franklin data, we estimate the home's value is $213,443.
Single-familyProperty Type
1994Year Built
7,492 sq ftLot Size
$220Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$213,443
$4,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 11.9% lower than the average sale price ($242K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2024
$1,912 (+6.9%)
$32,000 + $146,900
$178,900
2023
$1,789 (+8.3%)
$32,000 + $142,400
$174,400
2022
$1,652 (+20.6%)
$32,000 + $131,300
$163,300
2021
$1,370 (+20.1%)
$28,200 + $122,000
$150,200
2020
$1,141 (+6.4%)
$28,200 + $97,400
$125,600
2019
$1,072 (+24.2%)
$28,200 + $77,500
$105,700
2018
$863 (+2.0%)
$10,000 + $89,700
$99,700
2017
$846 (+20.9%)
$10,000 + $80,300
$90,300
2016
$700 (−1.7%)
$10,000 + $79,200
$89,200
2015
$712 (+2.0%)
$10,000 + $79,200
$89,200
2014
$698 (+1.3%)
$15,200 + $66,900
$82,100
2013
$689
$15,200 + $66,900
$82,100
Tax history for 1506 Michigan Rd
Year
Property tax
Land + Additions
Assessment*
2024
$1,912 (+6.9%)
$32,000 + $146,900
$178,900
2023
$1,789 (+8.3%)
$32,000 + $142,400
$174,400
2022
$1,652 (+20.6%)
$32,000 + $131,300
$163,300
2021
$1,370 (+20.1%)
$28,200 + $122,000
$150,200
2020
$1,141 (+6.4%)
$28,200 + $97,400
$125,600
2019
$1,072 (+24.2%)
$28,200 + $77,500
$105,700
2018
$863 (+2.0%)
$10,000 + $89,700
$99,700
2017
$846 (+20.9%)
$10,000 + $80,300
$90,300
2016
$700 (−1.7%)
$10,000 + $79,200
$89,200
2015
$712 (+2.0%)
$10,000 + $79,200
$89,200
2014
$698 (+1.3%)
$15,200 + $66,900
$82,100
2013
$689
$15,200 + $66,900
$82,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RSN
Residential Suburban Neighborhood District
The RSN, residential, suburban neighborhood zoning district is intended to ensure the continued viability of suburban-style lots in existence on the effective date of the ordinance codified in this chapter. This district should only be used to maintain established setbacks and standards in suburban neighborhoods.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Other
Golf related
Park & open space
Property details
Interior
Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of Bathroom Fixtures: 7
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air
Fireplace Information
# of Fireplaces: 1
Fireplace Type: Steel
Has Fireplace
Room Information
# of Rooms: 5
Exterior
Exterior Information
Physical Condition: Poor
Building Type: Single Family
Property Information
Subdivision Name: KNOLLWOOD FARMS 2ND SEC
Living Sq. Ft: 972
Adjusted Gross Sq. Ft: 1,452
Ground Floor Sq. Ft: 928
Building Sq. Ft: 1,852
Legal Description: KNOLLWOOD FARMS 2ND SEC PT C LOT 355
Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 400
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,492
Legal Lot Number: 355
Municipality Name: FRANKLIN TOWNSHIP
Acres: 0.172
Depth Footage: 110
Front Footage: 68
County Use Description: SINGLE FAMILY PLATTED LOT
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 1.5
Sq. Ft.: 972
Stories: —
Lot Size: 7,492 square feet
Style: Single Family Residential
Year Built: 1994
Year Renovated: 1994
County: Johnson County
APN: 410533012046000009
Home facts updated by county records on Jul 8, 2026
Around this home
Schools
Northwood Elementary School
Public PreK-4 • Assigned • 3.2mi
8/10
Franklin Community Middle School
Public 7-8 • Assigned • 3.4mi
6/10
Franklin Community High School
Public 9-12 • Assigned • 1.5mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Franklin, IN • 46131
Average low and high temperatures (°F)
33
18
42
26
61
40
69
48
71
54
82
66
87
70
82
63
81
58
71
48
54
39
42
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.6 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$203,000 – $246,000
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