1261 Pegasus Dr, Franklin, IN, 46131
About This Home
Welcome home to this spacious 5-bedroom, 3 full bath home offering over 3,100 square feet of living space in sought-after Franklin! Situated on a scenic pond lot, this home features an ideal layout with a private main-level 5th bedroom and full bath, perfect for guests, multi-generational living, or in-law quarters. Upstairs, you'll find 4 additional bedrooms including an oversized primary suite featuring two separate walk-in closets and a private ensuite bath. Natural light fills every room, creating a bright and inviting atmosphere throughout the home. The versatile flex room at the front of the home offers endless possibilities including a home office, reading nook, playroom, or potential 6th bedroom. Enjoy peaceful pond views from the sunroom located at the back of the home - the perfect place to relax and take in morning sunrises or evening sunsets. The kitchen is designed for both everyday living and entertaining with Frigidaire appliances, abundant cabinet space, a large center island, and a walk-in pantry. Step outside to the patio area complete with a gas hookup ready for outdoor grilling and gatherings. Conveniently located near schools, shopping, dining, and everything Franklin has to offer, this home combines space, functionality, and beautiful water views all in one!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2025
Materials
- Foundation: Slab
- Construction materials: Vinyl With Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Gas Cooktop,Dishwasher,Electric Water Heater,MicroHood,Double Oven,Gas Oven,Refrigerator,Water Heater,Water Purifier,Water Softener Owned
Bedroom2
- Level: Upper
- Area: 121
- Dimensions: 11X11
Bedroom3
- Level: Upper
- Area: 121
- Dimensions: 11X11
Bedroom4
- Level: Upper
- Area: 143
- Dimensions: 13X11
Bedroom5
- Level: Main
- Area: 110
- Dimensions: 11X10
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Breakfast Room
- Level: Main
- Area: 120
- Dimensions: 15X8
Features
- Attic Access,Kitchen Island,Entrance Foyer,High Speed Internet,In-Law Floorplan,Eat-in Kitchen,Pantry,Smart Thermostat,Supplemental Storage
- Attic: Access Only
Foyer
- Level: Main
- Area: 40
- Dimensions: 8X5
Heating & Cooling
- Heating features: Natural Gas,High Efficiency (90%+ AFUE )
- Cooling features: Central Air
Interior Area
- Total structure area: 3,119
- Total interior livable area: 3,119 sqft
Kitchen
- Level: Main
- Area: 150
- Dimensions: 15X10
Library
- Level: Main
- Area: 144
- Dimensions: 12X12
Living Room
- Level: Main
- Area: 288
- Dimensions: 18X16
Loft
- Level: Upper
- Area: 204
- Dimensions: 17X12
Master Bedroom
- Level: Upper
- Area: 255
- Dimensions: 17X15
Sun Room
- Level: Main
- Area: 99
- Dimensions: 11X9
Property
Details
- Parcel number: 410822034045000009
- Horse amenities: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Patio
- Has view: Yes
- View description: Pond
- Water view: Pond
- On waterfront: Yes
- Waterfront features: Pond
Lot
- Lot size: 9,147 sqft
- Features: Curbs,Sidewalks,Street Lights
Parking
- Total spaces: 3
- Parking features: Attached,Concrete
- 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
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Drought
- Hail
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,199 | $26,388 |
| Home Insurance * | $237 | $2,844 |
| Property Taxes | $264 | $3,168 |
| Electricity | $285 | $3,430 |
| Total | $2,985 | $35,820 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Listed for sale | $450,500 |
| 2025-06-18 | Sold | $432,146 |
| 2024-09-17 | Listing removed | $317,995 |
| 2024-08-23 | Price change | $317,995 |
| 2024-08-20 | Listed for sale | $314,995 |
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