OFF MARKET

Off market feb 2021 for $160K

$284,906

•

2,006

sq ft

7231 S Franklin Rd, Indianapolis, IN 46259

About this home

**Multiple offers in hand** Come see this very well taken care of 4 bed 2.5 bath home on a half acre in Franklin Township School District. This home is the perfect opportunity for a family to make it their own. A large fenced in back yard with a water view, perfect for winter and summer scenes! This home is outdated, but won't last! It has original hardwood floors under the carpet and has recently had the septic tank pumped and a new presser switch replaced on the well in 2020 and a new HVAC and Water Heater installed in 2018. **All highest and best offers to be submitted by 6pm Wednesday Jan. 27,2021**

Single-familyProperty Type

1968Year Built

0.48 acresLot Size

$142Est. Price/Sq.Ft.

2 car garageParking

Listed by Monique Nickolson • Hanza Realty, LLC

Contact: moniquecherirealty@gmail.com

Bought with Nancy Warfield • Central Indiana Real Estate LL

Redfin checked: a few seconds ago

•Source:MIBOR as Distributed by MLS Grid #21763021

Redfin Estimate

$284,906

$125K since sold in February 2021$2,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 25.8% lower than the average sale price ($384K) of 6 comparable homes.

SOLD SEP 11, 2026
$270,000
A
3 beds2 baths1,443 sq ft
7301 S Franklin Rd, Indianapolis, IN 46259
SOLD OCT 2, 2026
$413,000
B
4 beds2.5 baths2,502 sq ft
7401 Bunker Hill Crst, Indianapolis, IN 46259
SOLD MAY 15, 2026
$280,000
C
4 beds2.5 baths2,196 sq ft
8146 E Edgewood Ave, Indianapolis, IN 46239
SOLD JUN 8, 2026
$265,000
D
4 beds2 baths1,792 sq ft
8045 Shelbyville Rd, Indianapolis, IN 46259
SOLD SEP 4, 2026
$475,000
E
4 beds2.5 baths3,482 sq ft
7818 Ashtree Dr, Indianapolis, IN 46259
SOLD SEP 17, 2026
$600,000
F
4 beds2.5 baths2,274 sq ft
7901 S Franklin Rd, Indianapolis, IN 46259

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Earn from this home

Sell

$152,468

Est. take-home

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Rent

$1,952/mo

Redfin rental estimate

List your home for rent

Market trends in 46259, IN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.4%

0.6% MoM

Median sale price

$395K

$3K MoM

Avg. days on market

51d

13 days MoM

Recently sold homes

4 MoM

New listings for sale

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2 beds2.5 baths4,704 sq ft
10720 Indian Creek Dr S, Indianapolis, IN 46259
$264,900
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8147 Bentley Farms Pl, Indianapolis, IN 46259
$799,000
4 beds2 baths2,850 sq ft
7749 E 1000 N, Indianapolis, IN 46259
$334,900
4 beds2.5 baths1,980 sq ft
7517 Samuel Dr, Indianapolis, IN 46259
$285,000
4 beds2.5 baths2,424 sq ft
8020 Retreat Ln, Indianapolis, IN 46259
$324,900
4 beds2.5 baths2,693 sq ft
10709 Gathering Dr, Indianapolis, IN 46259
$599,900
4 beds4.5 baths4,250 sq ft
8652 Ironhill, Indianapolis, IN 46259
$1,435,000
4 beds6 baths6,912 sq ft
9202 Compton Farm Ln, Indianapolis, IN 46259
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4 beds2.5 baths2,513 sq ft
8035 Meadow Bend Ln, Indianapolis, IN 46259
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3 beds1.5 baths1,243 sq ft
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See all

Provided by Redfin

Sale history for 7231 S Franklin Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,309 (+10.9%)

$22,000 + $235,900

$257,900

2024

$4,785 (+3.5%)

$22,000 + $209,900

$231,900

2023

$4,626 (+3.6%)

$22,000 + $209,900

$231,900

2022

$4,464 (+11.0%)

$22,000 + $202,100

$224,100

2021

$4,022 (+128.9%)

$22,000 + $172,200

$194,200

2020

$1,757 (+2.0%)

$22,000 + $172,200

$194,200

2019

$1,722 (−2.5%)

$22,000 + $155,300

$177,300

2018

$1,767 (+4.5%)

$18,400 + $140,500

$158,900

2017

$1,690 (−43.6%)

$18,400 + $138,000

$156,400

2016

$2,998 (−1.9%)

$18,400 + $138,000

$156,400

2015

$3,057 (+138.5%)

$18,400 + $125,500

$143,900

2014

$1,282 (+2.2%)

$18,400 + $134,100

$152,500

2013

$1,254

$18,400 + $137,100

$155,500

Tax history for 7231 S Franklin Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,309 (+10.9%)

$22,000 + $235,900

$257,900

2024

$4,785 (+3.5%)

$22,000 + $209,900

$231,900

2023

$4,626 (+3.6%)

$22,000 + $209,900

$231,900

2022

$4,464 (+11.0%)

$22,000 + $202,100

$224,100

2021

$4,022 (+128.9%)

$22,000 + $172,200

$194,200

2020

$1,757 (+2.0%)

$22,000 + $172,200

$194,200

2019

$1,722 (−2.5%)

$22,000 + $155,300

$177,300

2018

$1,767 (+4.5%)

$18,400 + $140,500

$158,900

2017

$1,690 (−43.6%)

$18,400 + $138,000

$156,400

2016

$2,998 (−1.9%)

$18,400 + $138,000

$156,400

2015

$3,057 (+138.5%)

$18,400 + $125,500

$143,900

2014

$1,282 (+2.2%)

$18,400 + $134,100

$152,500

2013

$1,254

$18,400 + $137,100

$155,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

2.5

Stories

Lot width

—

Lot depth

—

Lot size

0.48 Acres

Year renovated

1968

Sq. Ft.

2,006

Year built

1968

Style

Single Family Residential

County

Marion County

APN

491618100001000300

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

METRO

Dwelling Agriculture District

The D-A District holds the agricultural lands of Marion County and provides for a variety of agricultural uses. It is intended to provide for animal and poultry husbandry, farming, cultivation of crops, dairying, pasturage, floriculture, horticulture, viticulture, apiaries, aquaculture, hydroponics, together with necessary, accompanying accessory uses, buildings, or structures for housing, packing, treating, or storing said products; or lands devoted to a soil conservation or forestry management program. A single-family dwelling is intended to be permitted as a part of such agricultural uses. A secondary provision of this District is large estate development of single-family dwellings. This District fulfills the very low density residential classification of the Comprehensive General Land Use Plan. This District does not require public water and sewer facilities.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Agriculture
Housing-Group
Housing-Single unit
Research & development
Communications tower
Veterinary clinic
Park & open space

Property details

Parking

Parking Information
Garage SqFt: 528
Parking Features: Attached, Garage Door Opener
Garage Spaces: 2
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 2006
Living Area: 2006
Main Level Sq. Ft.: 1280
Upper Level Sq. Ft.: 726

Bedroom Information
# of Upper Bedrooms: 3
# of Bedrooms Main: 1
Beds MU: 4
Bedrooms MU: 4

Bathroom Information
# of Full Baths (Total): 2
# of Half Baths (Total): 1
# of Full Baths (Upper): 1
# of Full Baths (Main): 1
# of Half Baths (Upper): 1
Half Baths MU: 1
Half Bathrooms MU: 1
Full Baths MU: 4
Full Bathrooms MU: 2

Room 1 Information
Room Features: Hardwood
Room Dimensions: 12x12
Room Level: Upper

Room 2 Information
Room Type: Bedroom 2
Room Features: Hardwood
Room Dimensions: 10x12
Room Level: Upper

Room 3 Information
Room Type: Bedroom 3
Room Features: Hardwood
Room Dimensions: 10x12
Room Level: Upper

Room 4 Information
Room Type: Bedroom 4
Room Features: Vinyl
Room Dimensions: 10x10
Room Level: Main

Room 5 Information
Room Type: Kitchen
Room Features: Vinyl
Room Dimensions: 15x12
Room Level: Main

Room 6 Information
Room Type: Dining Room
Room Features: Carpet
Room Dimensions: 12x12
Room Level: Main

Room 7 Information
Room Type: Living Room
Room Features: Carpet
Room Dimensions: 15x12
Room Level: Main

Other Rooms Information
Rooms Upper: 3
Rooms Main: 4
Rooms Basement: 0
# of Rooms: 7

Basement Information
Basement Features: Crawl Space

Fireplace Information
# of Fireplaces: 1
Fireplace Features: Family Room, Woodburning Fireplce

Heating & Cooling
Heating Information: Forced Air, Gas
Cooling Information: Central Electric

Interior Features
Interior Features: Attic Access, Hardwood Floors
Appliances: Dryer, Gas Oven, Refrigerator, Washer, Gas Water Heater

Exterior

Exterior Features
Exterior Features: Barn Mini

Property Information
Ownership Interest Types: No Assoc
Other Equipment: Not Applicable
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: 1/4-1/2 Acre

Lot Information
Lot Size Acres: 0.48

Utilities

Utility Information
Utility Prim Sewage Disp: Septic
Water Source: Private Well
Utilities: Sewer Connected, Water Connected
Solid Waste Information: No

Location

School Information
High School District: Franklin Township Com Sch Corp

Location Information
Directions: From 65s take the Southport Rd exit and turn left to head east. Take Southport Rd to Franklin Rd and turn Right. Take Franklin Rd and the home is on the left.
Tax Legal Description: PT SW1/4 NE1/4 S18 T14 R5 BEG 1131.5FT N OF SW CORE 200FT N 105FT W 200FT S 105FT TO BEG .48AC

Public facts

Beds: 4
Baths: 2.5
Sq. Ft.: 2,006
Stories: 2.0
Lot Size: 0.48 acres
Style: Single Family Residential
Year Built: 1968
Year Renovated: 1968
County: Marion County
APN: 491618100001000300

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: moniquecherirealty@gmail.com

Green Information
Green Certification YN: No

Home Information
Construction Materials: Stone, Wood
Levels: Tri-Level

Around this home

Schools

South Creek Elementary School

Public K-3 • Assigned • 0.6mi

8/10

Franklin Central Junior High

Public 7-8 • Assigned • 2.2mi

5/10

Franklin Central High School

Public 9-12 • Assigned • 1.0mi

7/10

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 102° 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, 2 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46259

Average low and high temperatures (°F)

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

$271,000 – $328,000

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Home values near 7231 S Franklin Rd

Data from public records.

Address	Redfin Estimate
7327 South Franklin Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1785 Sq. Ft.	$308,304
7301 South Franklin Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1443 Sq. Ft.	$269,190

Address	Redfin Estimate
7139 South Franklin Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1434 Sq. Ft.	$292,897
7220 South Franklin Rd, Indianapolis, IN 4 Beds \| 3 Baths \| 3050 Sq. Ft.	$925,784

Address	Redfin Estimate
7311 South Franklin Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1264 Sq. Ft.	$269,683
7340 South Franklin Rd, Indianapolis, IN 3 Beds \| - Baths \| 1294 Sq. Ft.	$221,581

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

Listing provided courtesy of: Tomorrow Realty, Inc.

Listing agent: Jessica Walser (3178816407)

Based on information submitted to the MLS GRID as of Mon Oct 19 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2025-10-07T13:09:39.501Z

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