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(SOLD) $910,000

197 E Jefferson Street Franklin, IN  46131

  • 6,000 sq. Ft

Property Description for 197 E Jefferson Street Franklin, IN 46131

There is a group that has an offer in place to purchase this property subject to securing lease tenants and securing financing. The current owner does not desire to own lease property .However if you have a potential lease client we will direct you to the potential investment buyer group to discuss and as Listing agent we are also seeking additional offers for purchase should the investment group not move forward. As a professional real estate agent in my hometown of Franklin, Indiana for over 40 years this is one of the finest properties I have had the privilege to represent. Jessen Funeral Home & Simple Cremation have simply outgrown this home and are searching options for relocation to serve the needs of the Franklin community for generations to come. The previous owners with the steady hand of their full-time contractor have meticulously restored this beautiful historic building to its original state of grandeur. A truly once in a lifetime opportunity to own a historic building in the downtown area with limitless possibilities including, retail, restaurant, professional office and upper-level housing, along with a rare large parking area incl
QuickBuy option for home selling

Address:197 E Jefferson Street Franklin IN 46131
Status:Sold
Sold On: 6/1/2024
Price:$950,000
Bathrooms:0
Sq. Feet:6,000
Year Built:1930
Lot Size:0.77
County: Johnson
Township: Franklin
MLS #:21940330
Property Type:Mixed Use

Lot Dimensions:33463
Road Frontage:City Street
Road Access:Street Cuts
Road Surface:Asphalt
Zoning:MXD
Directions:Follow US31 to Jefferson Street or I 65 to Franklin Exit and follow signs into dwntown Franklin.Property is on the Southwest corner of Jefferson Street and Home Avenue in the heart of downtown Franklin
Total Sq. Ft. :6,000
Basement:Yes

Loan Price
$5,834
Price And Interest $4,747/month
Property Tax $708/month
MTG INS $0/month
HOME INS $379/month
Price
$910,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$708/month
Home Owner Insurance
$4,548 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$4,247
Tax Year:2022
Other Disclosures:None
Mandatory HOA Fee:$

Area: 4105 - Johnson - Franklin
Subdivision: George Kings Franklin Twp
Zip Code:46131

Total Sq. Ft.:6,000
Cool:Central Electric
Heat:Forced Air, Gas
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Frederick Paris with Smythe & Co, Inc from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 09/13/2023 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.





Franklin Market Report

71
Avg. DOM
$219.92
Avg. $ / Sq.Ft.
$ 349,998
Med. List Price

The house prices in Franklin are not dropping at the moment. There has been a increase in price of $6,022.33. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Franklin are going Up. The average house price is $349,997.50 and the average price per square feet is $234.42 per square feet. At the moment, the amount of homes listed is exactly 450 houses, with 76 with active status, 37 with pending status and 337 sold in Franklin .

The most popular place to buy a home in Franklin is 4105 - Johnson - Franklin. 4105 - Johnson - Franklin is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Franklin .

The average amount of property taxes you would have to pay for a home in Franklin is $1,939.37. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Franklin are staying listed for an average of 63 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Franklin was 5547 minutes ago.

At the moment we have 2 open houses that you can visit.

The cost of the most expensive home in Franklin is $2,000,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Franklin is $179,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Franklin in year 1876 and the newest built house is in year 2024.

The average size of properties in Franklin is 1973.58 sq.ft. , the biggest one being 3713 sq.ft. and the smaller being 696 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.