$2,611 Closing Credit¹
#22029883, Justin Lollar, Listing Office: Family Tree Realty, LLC
$160,000 List price
550 W King St Franklin, IN 46131
$1,900
Closing credit¹
2 beds
2 full
2,028 sqft
0.2 acres
$79 / sqft
House
Property details
About 550 W King St
Located in the heart of Franklin, this cozy two-bedroom, two-bathroom home combines vintage charm with practical updates and is just waiting for someone to make it shine. The kitchen boasts sleek, solid-surface countertops, crisp white cabinets, and a convenient center island. Recent improvements include a new roof, windows, and vinyl siding, giving you peace of mind about the home's exterior integrity. The primary bedroom sits conveniently on the main floor and features a modern walk-in shower and two closets for all your storage needs. The traditional layout offers a comfortable living room and a formal dining room, giving you flexibility for entertaining or everyday living. Venture upstairs to discover a second bedroom with a generous closet, bonus room and loft space that could become your home office, craft area, or cozy reading nook. The basement provides ample storage solutions and a dedicated laundry area. Outdoor enthusiasts will appreciate being just steps from Palmer Park, where you can enjoy green spaces and recreation facilities. This diamond in the rough just needs your personal touches to truly sparkle.
Highlights
Home typeSingle Family Residence
HeatingOther
StatusSale Pending
(Pending)
(Pending)
CoolingWall Unit(s)
Size2,028 sqft
BasementYes
Lot size0.18 Acres
Year built1915
MLS #22037078
Summary
- Full Bathrooms: 2
- Appliances: Electric Cooktop, Dishwasher
- Basement: Yes
- Interior: Attic Access, Windows Vinyl, Wood Work Painted
- Total Bedroom Count: 2
- Architectural Style: TraditonalAmerican
- Heating: Other
- Cooling: Wall Unit(s)
- List Price: $160,000
- Price/SqFt: $78
- Annual Tax Amount: $634
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1915
- Living Area: 2,028 SqFt
- Lot Size: 0.18 Acres
- MLS Number: 22037078
- MLS Name: MIBOR
- Office Name: Red Hot, REALTORS LLC
- Office Email: Jamie@RedHotRealtors.com
- Listing Agent: Jamie Suchotzky
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/11/2025, 1:16:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$160,000
550 W King St
$1,900
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 28, 2021 | Home Sold | $39,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $84,500 | $634 |
| 2021 | $67,800 | $584 |
| 2020 | $72,600 | $1,494 |
| 2019 | $67,000 | $1,232 |
| 2018 | $61,600 | $1,178 |
| 2017 | $58,900 | $1,290 |
History based on county public records data.
Nearby schools
5
Northwood Elementary School
Public District KG-4
0.5 mi
•965 Grizzly Cub Dr
6
Custer Baker Intermediate School
Public District 5-6
1.1 mi
•101 W State Road 44
5
Creekside Elementary School
Public District KG-4
1.4 mi
•700 E State Road 44
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 $34,375. Most Franklin, IN residents have annual incomes less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
51%
<35k
41%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
51%
Single, No Kids
14%
Single, with Kids
18%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
7%
12-17 yrs old
29%
18-34 yrs old
39%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
College Football
Extreme Sports
Figure Skating
Where do the neighbors shop?
Express/Express For Men
Academy Sports & Outdoors
Kmart
Where do the neighbors go to eat?
Sonic
Little Caesars
Bob Evans
What do the neighbors drive?
Kia
Chevrolet
Buick
What do the neighbors listen to?
New Country
Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 550 W King St
The listing price of 550 W King St property is $160,000.
The property 550 W King St is a house located in Franklin, Indiana, 46131.
Sale Pending: 550 W King St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
The nearby schools for 550 W King St are: Northwood Elementary School (GreatSchools Rating 5/10), Custer Baker Intermediate School (GreatSchools Rating 6/10), Creekside Elementary School (GreatSchools Rating 5/10), Franklin Community Middle School (GreatSchools Rating 6/10), Clark Pleasant Middle School (GreatSchools Rating 7/10), Indian Creek Middle School (GreatSchools Rating 6/10), Franklin Community High School (GreatSchools Rating 4/10), Whiteland 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 $634 (source: MLS/based on county public records data).
The last sale was on December 28, 2021 for $39,900 (source: MLS/tax record).
The property at 550 W King St has 2 bedrooms and 2 bathrooms.
The property 550 W King St is 2,028 SqFt (source: MLS/tax record).
The year of construction for 550 W King St is 1915.
This home is located at 550 W King St in Franklin, IN and zip code 46131. This 2,028 square foot home, which was built in 1915, sits on a 0.18 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 6, 2025 and is currently priced at $160,000.
While more than 5 listings in Franklin, IN in April 2025 were sold above asking price, there were more than 8 listings sold at asking price, and more than 13 were sold below. The number of listings in Franklin, IN decreased by 7% between March and April 2025. While the average time on the market in April 2025 was 31 days, the median list price was $278,000.
From Rocket Homes Real Estate and based on county public records data.