Recently Listed Foreclosure 1250 Park Avenue
Franklin, IN, 46131 $ 675,000
Bedrooms6 Baths4.1 Sq 9,740 Monthly Estimate*
$ 4,156
for $675,000 with 6 bedrooms and 4 full baths, 1 half bath. This 9,740 square foot home was built in 1930 on a lot size of 2.85.
Nestled in one of Franklin's most prestigious neighborhoods and situated on 2.85 acres, this remarkable historic estate is waiting for its next chapter to be written. This is your chance to own a piece of Franklin and Indiana history. Endless potential for restoration to bring it back to its original beauty and customization. Located just behind Franklin College and within walking distance to vibrant downtown Franklin, the setting combines historic charm with convenience to local shops, restaurants, parks, and community events. Featuring six bedrooms and five and a half baths, the property was designed with both entertaining and everyday living in mind. Large living spaces, original architectural character, and the scale of the home create a rare opportunity for someone looking to restore a truly special property. Renovations were previously started but left unfinished, allowing the next owner to complete the home with their own vision, finishes, and design style. Outside, the estate continues to impress with a massive in-ground pool, detached four-car garage, separate apartment space above the garage, and an additional detached office building with extra rooms that could serve a variety of future uses. Whether you envision guest quarters, studio space, multigenerational living, private offices, or additional entertaining areas, the possibilities are extensive. While the property does require updates and repairs, the combination of acreage, location, history, and amenities make this an exceptional opportunity that is increasingly hard to find. Mature trees, expansive outdoor space, and the grandeur of the estate create a setting that simply cannot be replicated. Upon completion, this property has the potential to become one of Franklin's true showcase homes, blending historic elegance, luxury, and modern living in one of the city's most desirable locations.
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FeaturesInteriorInterior Amenities Attic Stairway Built-in Features High Ceilings Hardwood Floors Paddle Fan Entrance Foyer Pantry
Basement Unfinished
Total Fireplaces 6
Fireplace Features Dining Room Family Room Living Room Bedroom
Basement (Y/N) Y
Half Baths 1
Laundry Features Main Level
Total Bedrooms 6
Below Grade Finished Area 0
Main Level Bedrooms 1
Total Baths 5
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GeneralHeating Forced Air Hot Water Radiant Electric Natural Gas
Cooling None
Utilities Cable Available Natural Gas Connected Water Connected
Possession Closing
Appliances Electric Cooktop Dishwasher Dryer Disposal Exhaust Fan Double Oven Refrigerator Washer Gas Water Heater Water Purifier Water Softener Owned
Garage Spaces 4
Patio/Porch Features Gazebo Screened
Architectural Style Georgian Italianate
Pool Features In Ground
Construction Materials Brick Cedar
Year Built 1930
Township Needham
Levels Three Or More
Property Subtype Single Family Residence
Tax Year 2025
County Johnson
New Construction N
Property Type Residential
HOA N
Subdivision Name No Subdivision
Garage Y/N Y
Total Rooms 13
Full Baths 4
Status Active
Directions GPS Friendly
High School Franklin Community High School
City Franklin
High School District Franklin Community School Corp
MLS Area 4104 - Johnson - Needham
Lot Size Square Feet 124146
Property Attached Y/N N
Current Financing Cash Only
Middle/Junior High School Franklin Community Middle School
Standard Status Active
Tax Lot 0
Legal Description Pt E 1/2 Pt Nw 1/4 S24 T12 R4 Mp Franklin Communi
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ExteriorExterior Amenities Sprinkler System
Fencing Partial
Parking Features Asphalt Detached Garage Door Opener Heated Garage Workshop in Garage
Lot Features Not In Subdivision On Trail Mature Trees
Water Source Private
Foundation Details Concrete Perimeter
Building Area Total 9740
Lot Size Acres 2.85
Other Equipment Satellite Dish
Horse Amenities None
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* Excluded FeaturesList ByBetter Homes And Gardens Real Estate Gold KeyBroker
Affordability Calculator
- Monthly Principal & Interest
- $4,156
- Monthly Property Taxes
- $752
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Franklin, IN
Average List Price $364,785
Percent of Sale Price 46%
About Franklin, IN 24,780 Population
20% Since 2002
$ 53,814 Median Income
36.69 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4045176 Elementary School
4052126 Middle School
Franklin Community High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/7/2026 | $675,000 | | Listed Price |