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227 E Jefferson St, Franklin, IN, 46131

2beds
2baths
2,889sqft
$444,900
$154price/sqft
$3,026/moest. monthly cost
$121,040/yrincome needed

About This Home

The timeless appeal and nostalgic charm of this classic mid-1800s American home are evident at every turn. From the richly detailed exterior trim and inviting covered front porch to the traditional vestibule, the home beautifully showcases its historic character. Soaring ceilings, finely crafted woodwork, elegant transom doorways, and leaded stained-glass windows evoke the warmth and craftsmanship of a forgone era while creating an atmosphere filled with endless character. Thoughtfully maintained and extensively updated, this residence seamlessly blends historic beauty with modern convenience. Over the last 10 years, major improvements include a new roof, updated electrical system, restored kitchen cabinetry with granite countertops, replacement of most plumbing, a new main sewer and water line, updated upper-level windows, and the addition of a new deck. Three years ago, the home received a complete HVAC system and new water heater. More recent enhancements include a newly constructed front porch, re-building of the main-level windows, a rebuilt front door, fresh exterior paint, updated landscaping, and re-graveled rear parking. Perfectly located within walking distance of all the shops, dining, and entertainment downtown Franklin has to offer, this exceptional property provides a rare opportunity to own a piece of history without sacrificing comfort or convenience. Don't miss your chance to make this remarkable home your own.

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
71
BikeVery Bikeable

Schools

8/10
Webb Elementary SchoolGrades PK-41.0 mi
6/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1800

Materials

  • Foundation: Block
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Gas Cooktop,Dishwasher,Disposal,Refrigerator,Gas Water Heater
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Cellar

Bedroom2

  • Level: Upper
  • Area: 221
  • Dimensions: 17x13

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main
  • Area: 289
  • Dimensions: 17x17

Features

  • Double Vanity,High Ceilings,Hardwood Floors,High Speed Internet,Eat-in Kitchen
  • Window features: Wood Work Painted
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 124

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,889
  • Total interior livable area: 2,889 sqft

Kitchen

  • Level: Main
  • Area: 192
  • Dimensions: 16x12

Living Room

  • Level: Main
  • Area: 240
  • Dimensions: 16x15

Master Bedroom

  • Level: Upper
  • Area: 240
  • Dimensions: 16x15

Property

Details

  • Parcel number: 410814043089000009
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Breeze Way,Deck

Lot

  • Lot size: 5,227 sqft
  • Features: Sidewalks,Storm Sewer,Street Lights

Parking

  • Parking features: Gravel,None

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
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Tornado
Winter Weather
Cold Wave
Earthquake
Hail
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
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 $2,249$26,988
Home Insurance *$243$2,916
Property Taxes $270$3,240
Electricity $264$3,177
Total$3,026$36,312
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$103,748/yr
40% on housing$90,780/yr
45% on housing$80,693/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: 8.3%
8.3%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 4.7%
4.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$154This listing

vs Other Active Listings

Avg $/sqft

ZIP 46131$146
Johnson County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 46131$164
Johnson County$151

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

DateEventPrice
2026-04-18Price change$464,900
2026-02-26Price change$469,900
2026-01-09Listed for sale$475,000
2015-05-19Sold$174,900
2015-04-13Pending sale$174,900
2015-04-13Listed for sale$174,900
2014-06-09Sold$75,000
2014-03-05Listed for sale$109,000

For Sale by Agent

AgentSteve Lew
BrokerageSteve Lew Real Estate Group, LLC

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