551 E Hospital Rd is a 2,128 square foot house on a 0.84 acre lot with 4 bedrooms and 2 bathrooms. Based on Redfin's Franklin data, we estimate the home's value is $278,388.
Single-familyProperty Type
1950Year Built
0.84 acresLot Size
$131Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$278,388
$0 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 5% lower than the average sale price ($293K) 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
$1,330 (+0.4%)
$35,300 + $137,000
$172,300
2023
$1,325 (−12.1%)
$35,300 + $130,300
$165,600
2022
$1,506 (+18.3%)
$35,300 + $130,300
$165,600
2021
$1,274 (−5.3%)
$35,300 + $124,500
$159,800
2020
$1,345 (+13.4%)
$27,900 + $108,800
$136,700
2019
$1,185 (+28.5%)
$27,900 + $113,100
$141,000
2018
$923 (+11.7%)
$26,800 + $106,700
$133,500
2017
$826 (+2.9%)
$26,800 + $90,600
$117,400
2016
$802 (+5.7%)
$26,800 + $84,200
$111,000
2015
$759 (+6.2%)
$26,800 + $84,200
$111,000
2014
$715 (+1.9%)
$26,800 + $80,200
$107,000
2013
$702
$26,800 + $79,300
$106,100
Tax history for 551 E Hospital Rd
Year
Property tax
Land + Additions
Assessment*
2024
$1,330 (+0.4%)
$35,300 + $137,000
$172,300
2023
$1,325 (−12.1%)
$35,300 + $130,300
$165,600
2022
$1,506 (+18.3%)
$35,300 + $130,300
$165,600
2021
$1,274 (−5.3%)
$35,300 + $124,500
$159,800
2020
$1,345 (+13.4%)
$27,900 + $108,800
$136,700
2019
$1,185 (+28.5%)
$27,900 + $113,100
$141,000
2018
$923 (+11.7%)
$26,800 + $106,700
$133,500
2017
$826 (+2.9%)
$26,800 + $90,600
$117,400
2016
$802 (+5.7%)
$26,800 + $84,200
$111,000
2015
$759 (+6.2%)
$26,800 + $84,200
$111,000
2014
$715 (+1.9%)
$26,800 + $80,200
$107,000
2013
$702
$26,800 + $79,300
$106,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RR
Rural Residential District
The purpose of the RR, Rural Residential District is to provide for low density, one-family residential development while maintaining the existing rural character of Johnson County. The maximum overall density of residential development in the Rural Residential District shall be 1 residential dwelling unit per acre.
Property details
Interior
Bathroom Information
# of Full Baths: 2
# of Bathroom Fixtures: 8
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Average
Building Type: Single Family
Property Information
Living Sq. Ft: 2,128
Adjusted Gross Sq. Ft: 2,128
Ground Floor Sq. Ft: 1,064
Building Sq. Ft: 2,800
# of Stories: 1.5
Legal Description: PT NE S21 T12 R4
Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 672
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 36,590
Municipality Name: FRANKLIN TOWNSHIP
Acres: 0.84
County Use Description: SFR UNPLATTED 0-9.99 AC
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,128
Stories: 1.5
Lot Size: 0.84 acres
Style: Single Family Residential
Year Built: 1950
Year Renovated: 1950
County: Johnson County
APN: 410821012015000008
Home facts updated by county records on Jul 8, 2026
Around this home
Schools
Creekside Elementary School
Public PreK-4 • Assigned • 0.4mi
7/10
Franklin Community Middle School
Public 7-8 • Assigned • 1.8mi
6/10
Franklin Community High School
Public 9-12 • Assigned • 2.4mi
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
3/10 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
$265,000 – $321,000
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