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502 N Locust St, Frankfort, KS, 66427

4beds
2baths
1,596sqft
$115,000
$72price/sqft
$996/moest. monthly cost
$39,840/yrincome needed

About This Home

Welcome to small-town living in Frankfort! This charming 3-bedroom home sits on a corner lot with a spacious yard perfect for entertaining, outdoor activities, or simply enjoying life. Inside, you'll find original hardwood floors that add warmth and character throughout much of the home. The updated kitchen opens to the dining area, creating a functional layout for everyday living and gatherings. A pantry provides extra storage, while the oversized laundry room offers plenty of space and convenience. The main level includes a full bathroom, bedroom and living area. A beautiful staircase leads up to 2 more bedrooms a second bathroom. With its combination of character, space, and flexibility, this home offers endless opportunities for its next owner to create lasting memories. Contact Peggy @ 785-706-3303 for more information.

Getting Around

31
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

8/10
7/10
Frankfort High SchoolGrades 7-120.2 mi
8/10
Centralia Elementary SchoolGrades PK-615.2 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Less than 5 years
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: Slab,Sump Pump

Bedroom2

  • Level: Lower 1

Bedroom3

  • Level: Upper 1

Bedroom4

  • Level: Upper 1

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Main

Features

  • Pantry
  • Finished area above ground: 1,596

Heating & Cooling

  • Heating features: Electric,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,596
  • Total interior livable area: 1,596 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Upper 1

Property

Details

  • Parcel number: 0581951602012013000

Features

  • Levels: One and One Half
  • Pool features: None
  • Exterior features: None
  • Fencing: None

Lot

  • Lot size: 6,534 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Hail
    HailRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Hail
Ice Storm
Tornado
Wildfire
Winter Weather
Heat Wave
Inland Flooding
Lightning

FEMA Declared Disasters Across Kansas Counties

Snowstorm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $581$6,972
Home Insurance *$145$1,740
Property Taxes $109$1,308
Electricity $161$1,935
Total$996$11,952
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$34,148/yr
40% on housing$29,880/yr
45% on housing$26,560/yr

Kansas FAIR Plan Programs

Kansas All-Industry Placement Facility

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 11,507Commercial: 209
Total Premiums$9.41M
Total Exposure$949,000

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 1.3%
1.3%
0%30.0%
Electricity Growth Rate10-year average: 1.6%
1.6%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$72This listing

vs Other Active Listings

Avg $/sqft

ZIP 66427
Marshall County$101

vs Homes Sold Last Month

Median $/sqft

ZIP 66427
Marshall County$116

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-31Price change$115,000
2026-06-05Listed for sale$130,000

For Sale by Agent

AgentPeggy Swisher
BrokeragePrestige Realty & Associates, LLC

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