3480 S US Highway 31 Franklin, IN 46131
Property details
About 3480 S US Highway 31
Discover endless possibilities in this recently updated 3-bedroom, 2-bath residence, spanning 1954 sq ft on approximately 3 acres of land. Originally a prime Highway 31 location, this versatile property has been converted to residential use but retains the potential for retail or business purposes. The expansive interior offers modern comfort, while the large carport provides ample covered parking. Step outside to a huge deck overlooking a private backyard, creating a perfect space for relaxation or entertaining. With its strategic location and diverse potential, this property invites you to bring your ideas and turn them into the perfect blend of home and business. 5 Car Carport and a Shipping Container as Workshop/Shed. The canvas is ready-seize the opportunity! Residential variance is approved.
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Electric Oven
- Basement: No
- Interior: Eat-in Kitchen
- Total Bedroom Count: 3
- Architectural Style: Ranch
- Heating: Electric
- Cooling: None
- List Price: $262,900
- Price/SqFt: $134
- Annual Tax Amount: $1,272
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1919
- Living Area: 1,954 SqFt
- Lot Size: 3 Acres
- MLS Number: 22018880
- MLS Name: MIBOR
- Office Name: eXp Realty, LLC
- Office Email: Chris@ChrisImelRealtor.com
- Listing Agent: Christopher Imel
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last updated on: 4/28/2025, 11:46:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$262,900
3480 S US Highway 31
$3,122
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $63,900 | $1,272 |
| 2021 | $61,200 | $1,000 |
| 2020 | $61,200 | $937 |
| 2019 | $59,500 | $1,584 |
| 2018 | $95,100 | $1,547 |
| 2017 | $94,200 | $1,496 |
History based on county public records data.
Nearby schools
7
Webb Elementary School
Public District KG-4
4.4 mi
•1400 Webb Ct
6
Needham Elementary School
Public District KG-4
4.6 mi
•1399 Upper Shelbyville Rd
5
Northwood Elementary School
Public District KG-4
5.3 mi
•965 Grizzly Cub Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $83,025. The majority of Franklin, IN residents have income between $35k-100k annually. Most families are married, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
Frequently asked questions
About 3480 S US Highway 31
The listing price of 3480 S US Highway 31 property is $262,900.
The property 3480 S US Highway 31 is a house located in Franklin, Indiana, 46131.
Active Listing: 3480 S US Highway 31 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3480 S US Highway 31 are: Webb Elementary School (GreatSchools Rating 7/10), Needham Elementary School (GreatSchools Rating 6/10), Northwood Elementary School (GreatSchools Rating 5/10), Franklin Community Middle School (GreatSchools Rating 6/10), Edinburgh Community Middle School (GreatSchools Rating 6/10), Indian Creek Middle School (GreatSchools Rating 6/10), Edinburgh Community High School (GreatSchools Rating 4/10), Franklin Community High School (GreatSchools Rating 4/10), Indian Creek Sr High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $1,272 (source: MLS/based on county public records data).
The property at 3480 S US Highway 31 has 3 bedrooms and 2 bathrooms.
The property 3480 S US Highway 31 is 1,954 SqFt (source: MLS/tax record).
The year of construction for 3480 S US Highway 31 is 1919.
This home is located at 3480 S US Highway 31 in Franklin, IN and zip code 46131. This 1,954 square foot home, which was built in 1919, sits on a 3.00 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 22, 2025 and is currently priced at $262,900.
Over 8 listings were sold over their listed price in March 2025 in Franklin, IN. In the same period over 23 listings were sold below the listed price and 8 listings were sold for the listed price. The number of homes for sale in Franklin, IN increased by 5.8% between February and March 2025. The median list price of listings available in March 2025 was $275,975, while the average time on the real estate market was 30 days.