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Active
    • Price cut: $15K (6/9)
    $810,000

    5181 N State Road 39, Frankfort, IN 46041

    4beds
    4,234sqft
    : 
    $5,127/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1890
    20 Acres Lot
    $-- Zestimate®
    $191/sqft
    $-- HOA

    What's special

    Wooded acreageExpansive acreageThoughtful finishes throughoutDedicated officeExpansive barn spaceUpdated systemsClassic character
    This beautifully restored country estate offers the perfect blend of historic charm and modern comfort, set on expansive acreage just outside Frankfort. Originally built in 1890 and completely renovated in 2015, the home features over 3100 sq ft of living space with 4 bedrooms, 2 bathrooms, and an additional dedicated office - ideal for remote work or business use. A unique garage conversion currently serves as private "grooms quarters" with full bathroom and lofted bedroom space. Perfect as a guest suite, studio, or storage space. Useable as a garage in its current state. The home showcases spacious living areas, updated systems, and thoughtful finishes throughout, creating a warm and inviting atmosphere while maintaining its classic character. Outside, the property includes expansive barn space, wooded acreage, and open land offering privacy, recreation, storage, and future potential. This property offers privacy without sacrificing convenience. Whether you're seeking a primary residence, multi-generational living, hobby farm, or potential short-term rental opportunity, this home delivers flexibility, space, and timeless appeal.
    170 days
    |
    499
    |
    24
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Emily Dunn 573-239-1287,

    The Real Estate Agency

    Source: MIBOR as distributed by MLS GRID,MLS#: 22082749MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 1
      Primary bedroom
      • Level: Upper
      • Area: 240 Square Feet
      • Dimensions: 15x16
      Bedroom 2
      • Level: Upper
      • Area: 196 Square Feet
      • Dimensions: 14x14
      Bedroom 3
      • Level: Upper
      • Area: 165 Square Feet
      • Dimensions: 15x11
      Bedroom 4
      • Level: Upper
      • Area: 156 Square Feet
      • Dimensions: 13x12
      Dining room
      • Level: Main
      • Area: 192 Square Feet
      • Dimensions: 16x12
      Family room
      • Level: Main
      • Area: 320 Square Feet
      • Dimensions: 16x20
      Kitchen
      • Level: Main
      • Area: 180 Square Feet
      • Dimensions: 15x12
      Living room
      • Level: Upper
      • Area: 224 Square Feet
      • Dimensions: 16x14
      Office
      • Level: Upper
      • Area: 130 Square Feet
      • Dimensions: 10x13
      Heating
      • Baseboard, Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Gas Oven, Refrigerator, Washer, Water Softener Rented
      Features
      • Attic Access, Attic Stairway, Built-in Features, High Ceilings, Ceiling Fan(s), High Speed Internet, Eat-in Kitchen
      • Windows: WoodWorkStain/Painted
      • Basement: Full,Unfinished
      • Attic: Access Only,Permanent Stairs
      • Number of fireplaces: 1
      • Fireplace features: Electric, Living Room
      Interior area
      • Total structure area: 4,234
      • Total interior livable area: 4,234 sqft
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, Gravel
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Porch
      Lot
      • Size: 20 Acres
      Details
      • Additional parcels included: 120607400001.000015
      • Parcel number: 120607377001000015
      • Horse amenities: Barn, Hay Storage

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Residential, Single Family Residence
      Materials
      • Vinyl Siding
      • Foundation: Concrete Perimeter
      Condition
      • New construction: No
      • Year built: 1890

      Utilities & green energy

      • Water: Private

      Community & HOA

      Community
      • Subdivision: Silver Coin
      HOA
      • Has HOA: No
      Location
      • Region: Frankfort

      Financial & listing details

      • Price per square foot: $191/sqft
      • Tax assessed value: $1,012,700
      • Annual tax amount: $11,000
      • Date on market: 2/6/2026
      • Cumulative days on market: 171 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/9/2026Price change$810,000-1.8%
        Source: IRMLS #202603799 Report a problem
        5/19/2026Price change$825,000-2.9%
        Source: IRMLS #202603799 Report a problem
        5/5/2026Price change$850,000-2.9%
        Source: IRMLS #202603799 Report a problem
        2/6/2026Listed for sale$875,000$207/sqft
        Source: MIBOR as distributed by MLS GRID #22082749 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,290 -7.3%$1,012,700 +20.8%
        2024$12,185 -6.5%$838,000 +0.6%
        2023$13,026 +4.6%$832,800 +3.4%
        2022$12,456 +290.6%$805,700 +15.5%
        2021$3,189 -5.4%$697,600 +209.8%
        2020$3,370 -4.9%$225,200 -2.8%
        2019$3,543 +21.9%$231,600 -1.5%
        2018$2,906 -3.2%$235,100 +7%
        2017$3,001 +14.6%$219,800 +6.1%
        2016$2,618 +4.2%$207,200 +10.5%
        2014$2,514 +28.2%$187,500 +37.6%
        2013$1,961 +9.5%$136,300 +8.8%
        2012$1,791 -37.5%$125,300 -33.9%
        2011$2,867 +164.4%$189,600 +22.7%
        2010$1,084 +0.5%$154,500 +0.5%
        2009$1,079 $153,700 +32.2%
        2006-- $116,300 +9.3%
        2005-- $106,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 46041

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Rossville Elementary School
        • High: Rossville Middle/Senior High Sch

        Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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