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7901 S Franklin Rd, Indianapolis, IN, 46259

4beds
3baths
2,274sqft
$629,500
$277price/sqft
$4,117/moest. monthly cost
$164,680/yrincome needed

About This Home

Welcome home to nearly 3 acres of tranquility including a masterfully updated and modernized home. You will enjoy nearly 2300 sq. ft. of luxury home, of which, every aspect has been renovated and brought to life. Calm colors, sleek lines and high end finishes are found in every room of this home. New HVAC, tankless water heater, all new floors, windows and so much more that you simply have to see. You'll have access to a private fenced off section off of the family room for grilling, chilling or swimming if you like. Plenty of storage in the 40x30 pole barn including an RV hookup outside, an exterior covered area, spray foamed walls, large mounted heater and plenty of outlets for outdoor needs. The front porch allows seating for gatherings or you can relax with morning coffee and a good book. There is ample space on all sides of the house for additional plants, flowers or whatever you like to harvest. Nothing else, like this home, exists on the market in Franklin Township, so please find time to book your appointment. Be sure and get into the mix before this diamond is gone. Back on the market due to previous buyers not working out. Sellers are very MOTIVATED, so schedule time to come see this property and all that it has to offer.

Getting Around

4
WalkingCar-Dependent
0
TransitNo Nearby Transit
26
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1980

Materials

  • Foundation: Crawl Space
  • Construction materials: Brick,Stone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,ENERGY STAR Qualified Appliances,Disposal,Microwave,Electric Oven,Refrigerator,Tankless Water Heater,Water Softener Owned
  • Laundry features: Main Level

Bedroom2

  • Level: Main
  • Area: 132
  • Dimensions: 12x11

Bedroom3

  • Level: Main
  • Area: 168
  • Dimensions: 14x12

Bedroom4

  • Level: Main
  • Area: 132
  • Dimensions: 12x11

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 3
  • Main level bedrooms: 4

Dining Room

  • Level: Main
  • Area: 275
  • Dimensions: 25x11

Family Room

  • Level: Main
  • Area: 270
  • Dimensions: 18x15

Features

  • Attic Pull Down Stairs,Double Vanity,High Ceilings,Kitchen Island,Hardwood Floors,High Speed Internet,Eat-in Kitchen,Pantry,Smart Thermostat
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Attic: Pull Down Stairs

Heating & Cooling

  • Heating features: Forced Air,Natural Gas,High Efficiency (90%+ AFUE )
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total structure area: 2,274
  • Total interior livable area: 2,274 sqft

Kitchen

  • Features: Tile-Ceramic
  • Level: Main
  • Area: 231
  • Dimensions: 21x11

Laundry

  • Features: Tile-Ceramic
  • Level: Main
  • Area: 66
  • Dimensions: 11x6

Library

  • Level: Main
  • Area: 216
  • Dimensions: 18x12

Master Bedroom

  • Level: Main
  • Area: 180
  • Dimensions: 15x12

Property

Details

  • Parcel number: 491618102007000300
  • Special condition: Flood Insurance Required
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Pool features: Outdoor Pool
  • Patio & porch: Patio,Porch
  • Exterior features: RV Hookup
  • Fencing: Fenced,Privacy

Lot

  • Lot size: 2.39 Acres
  • Features: Not In Subdivision,Mature Trees

Parking

  • Total spaces: 3
  • Parking features: Attached,Concrete,Garage Door Opener,Heated Garage,RV Access/Parking,Garage Faces Side
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Tornado
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

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 $3,183$38,196
Home Insurance *$288$3,456
Property Taxes $438$5,256
Electricity $208$2,501
Total$4,117$49,404
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$141,154/yr
40% on housing$123,510/yr
45% on housing$109,786/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

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: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$277This listing

vs Other Active Listings

Avg $/sqft

ZIP 46259$157
Marion County$124

vs Homes Sold Last Month

Median $/sqft

ZIP 46259$139
Marion County$131

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
2026-08-18Pending sale$599,500
2026-08-05Price change$599,500
2026-07-05Price change$629,500
2026-06-18Price change$649,500
2026-06-09Listed for sale$667,500
2026-05-19Pending sale$667,500
2026-05-18Listed for sale$667,500
2021-05-28Sold$250,000
2021-02-13Pending sale$244,900
2021-02-13Price change$244,900
2020-12-30Pending sale$224,900
2020-12-05Listed for sale$224,900

For Sale by Agent

AgentChanning Russell
BrokerageRussell Real Estate, LLC

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