Historic charm and modern updates come together in this beautifully refreshed home on a quiet street in downtown Franklin. You'll enjoy the convenience of downtown living, just a 5-10 minute walk to Franklin College, restaurants, shops, and local attractions, while maintaining a peaceful neighborhood feel. With over $60,000 in recent improvements, this home offers 2 large bedrooms with flex space for a 3rd bedroom, office, etc. Soaring 10-foot ceilings, a formal dining room, and a fully updated eat-in kitchen with granite countertops create a warm and inviting space. Improvements also include new windows and exterior doors, fresh paint, new carpet, custom closet systems in two closets, a brand-new washer/dryer combo, and Mitsubishi mini-split heating and cooling units upstairs. Water heater is only 2 years old! Outside, enjoy a large privacy-fenced backyard and the added convenience of off-street parking. Move-in ready, this home offers the perfect blend of historic charm, modern comfort, and an unbeatable location. 12 month home warranty included.
Active
Price cut: $15K (8/27)
$300,000
551 E Adams St, Franklin, IN 46131
2beds
1,894sqft
Residential, Single Family Residence
Built in 1900
6,098 Square Feet Lot
$-- Zestimate®
$158/sqft
$-- HOA
What's special
Modern updatesHistoric charmOff-street parkingFormal dining roomFresh paintNew carpetLarge privacy-fenced backyard
- 70 days
- 636
- 62
Zillow last checked:
Listing updated:
Listed by:
Elyssa Hill elyssa@c21scheetz.com,
CENTURY 21 Scheetz
Source: MIBOR as distributed by MLS GRID,MLS#: 22110409
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 2
- Level: Upper
- Area: 154 Square Feet
- Dimensions: 14x11
Breakfast room
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Dining room
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Kitchen
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Library
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Living room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Ductless, Other
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer, Water Softener Owned
- Laundry: Laundry Closet, Main Level
Features
- High Ceilings, Entrance Foyer, Ceiling Fan(s), Eat-in Kitchen, Smart Thermostat
- Windows: Wood Work Painted
- Has basement: No
Interior area
- Total structure area: 1,894
- Total interior livable area: 1,894 sqft
Property
Parking
- Parking features: Other
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Covered
- Fencing: Fenced,Full,Privacy,Gate
Lot
- Size: 6,098 Square Feet
Details
- Additional structures: Storage
- Parcel number: 410814041125000009
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Victorian
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Cellar, See Remarks
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $158/sqft
- Tax assessed value: $262,500
- Annual tax amount: $2,518
- Date on market: 7/30/2026
- Cumulative days on market: 72 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Price change | $300,000-4.8%$158/sqft |
Source:  MIBOR as distributed by MLS GRID #22110409 Report a problem | ||
| 7/30/2026 | Listed for sale | $315,000+46.5%$166/sqft |
Source: MIBOR as distributed by MLS GRID #22110409 Report a problem | ||
| 4/21/2022 | Sold | $215,000+7.6%$114/sqft |
Source: MIBOR as distributed by MLS GRID #21837822 Report a problem | ||
| 3/7/2022 | Pending sale | $199,900$106/sqft |
Source: MIBOR as distributed by MLS GRID #21837822 Report a problem | ||
| 3/3/2022 | Listed for sale | $199,900$106/sqft |
Source: MIBOR as distributed by MLS GRID #21837822 Report a problem | ||
| 2/24/2022 | Pending sale | $199,900$106/sqft |
Source: MIBOR as distributed by MLS GRID #21837822 Report a problem | ||
| 2/24/2022 | Listed for sale | $199,900$106/sqft |
Source: MIBOR as distributed by MLS GRID #21837822 Report a problem | ||
| 2/16/2022 | Pending sale | $199,900$106/sqft |
Source: MIBOR as distributed by MLS GRID #21837822 Report a problem | ||
| 2/14/2022 | Listed for sale | $199,900+67.3%$106/sqft |
Source: MIBOR as distributed by MLS GRID #21837822 Report a problem | ||
| 3/6/2018 | Listing removed | $119,500+5.8%$63/sqft |
Source: Indy Metro South #21479954 Report a problem | ||
| 3/5/2018 | Sold | $113,000-5.4%$60/sqft |
Source: MIBOR as distributed by MLS GRID #21479954 Report a problem | ||
| 8/1/2017 | Listed for sale | $119,500+2.6%$63/sqft |
Source: Keller Williams Indy Metro S #21479954 Report a problem | ||
| 5/11/2017 | Listing removed | $116,500$62/sqft |
Source: Indy Metro South #21479954 Report a problem | ||
| 4/21/2017 | Listed for sale | $116,500+1.3%$62/sqft |
Source: Keller Williams Indy Metro S #21479954 Report a problem | ||
| 3/22/2017 | Listing removed | $115,000$61/sqft |
Source: Carpenter Realtors, Inc. #21445122 Report a problem | ||
| 12/22/2016 | Price change | $115,000-1.3%$61/sqft |
Source: Hills O' Brown Realty, Inc. #21445122 Report a problem | ||
| 10/27/2016 | Price change | $116,500-1.3%$62/sqft |
Source: Hills O' Brown Realty, Inc. #21445122 Report a problem | ||
| 9/27/2016 | Listed for sale | $118,000$62/sqft |
Source: Hills O' Brown Realty, Inc. #21445122 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,792 +126.8% | $262,500 +21.2% |
| 2024 | $2,113 +45.4% | $216,600 +13.8% |
| 2023 | $1,454 +9.7% | $190,300 +42.8% |
| 2022 | $1,325 +19.1% | $133,300 +9.2% |
| 2021 | $1,112 +12.7% | $122,100 +17.9% |
| 2020 | $987 +2.3% | $103,600 +8.9% |
| 2019 | $965 +7.6% | $95,100 -0.4% |
| 2018 | $897 +2.1% | $95,500 +4.5% |
| 2017 | $879 -1.1% | $91,400 +1.3% |
| 2016 | $889 -9.9% | $90,200 -6% |
| 2014 | $986 +21.7% | $96,000 +9.5% |
| 2013 | $810 -15.9% | $87,700 -8.6% |
| 2012 | $964 -9.9% | $96,000 -9.7% |
| 2011 | $1,070 | $106,300 |
| 2010 | $1,070 | $106,300 |
| 2009 | $1,070 +13.2% | $106,300 +13.7% |
| 2007 | $945 -34.7% | $93,500 -12.7% |
| 2006 | $1,447 | $107,100 +14.5% |
| 2005 | -- | $93,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 46131
Nearby schools
Schools provided by the listing agent
- Elementary: Northwood Elementary School
- Middle: Franklin Community Middle School
- High: Franklin Community High School
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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