Sheldon Barnes
For Sale — 1250 Park Avenue, Franklin, IN 461311250 Park Avenue
Franklin, Indiana 46131
No Subdivision
6
Beds
5
Baths
7,778
Sq Ft
1930
Year Built
2.85
Acres
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ABOUT THIS HOME
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.
Key things to know
- Private pool
- 6 fireplaces
- Basement
- 4-car garage
- 2.85-acre lot
Monthly payment
Estimate · $675,000
$4,345/mo
≈ $3,593 principal & interest · $752 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $135,000 on a loan of $540,000.
Price history
- Listedat $700,000
Mar 23, 2026
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$700,000Listed· Mar 23, 2026
6 days on market
Layout
Primary suite
Bedroom 2nd Primary,Closet Walk in
Primary bath
Tub Full with Separate Shower,Tub Garden
Schools
Franklin Community School Corp
Neighborhood
- Downtown Indianapolis21.2 mi
- Monon Trail (Carmel)33.7 mi
- IU Health North Hospital33.7 mi
- Fishers High School33.9 mi
- Conner Prairie34.1 mi
- Carmel High School34.3 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
7,778 sq ft
Year Built
1930
Stories
Three Or More
Subdivision
No Subdivision
Bedrooms
6
Bathrooms
4 full, 1 half
Garage
4 spaces
School District
Franklin Community School Corp