5504 E 500 N, Franklin, IN 46131 Property Records

Johnson County property record for 5504 E 500 N, Franklin, IN 46131

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 2,517 sqft · built 1986
Lot Size	11.2 acres (487,872 sqft)
Owner	2 Company Names on Record
Tax Bill	$1,840 (2025)
Deeds & Mortgages	Oct 2025 Transfer Mar 2017 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`31002001011/00`

Property Details

APN / Parcel Number

Primary APN	`31002001011/00`
Alternative APNs	`41-06-20-034-002.000-006` `00001072711`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Plumbing Fixtures	8 Plumbing Fixtures
Total Rooms	7 Rooms
Stories	1 Story
Building Area	2,517 sqft Living Area
1st Floor Area	2,517 sqft
Family Room	Family Room
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1986
Effective Year Built	Effective 1986
Construction Type	Stone
Fire Resistance	Masonry Walls, Wood Interior
Foundation Type	Raised
Roof Material	Asphalt
Lot Area	487,872 sqft (11.2 acres)
Garage Type	Attached
Garage Area	528 sqft

Exterior Amenities

Pool Area	900 sqft
Patio Area	4,200 sqft
Shed	1 Shed
Shed Area	80 sqft
Gazebo	256 sqft
Total Buildings	4 Buildings

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Account Number	00001072711
Street Address	5504 E 500 N
City	FRANKLIN
State	IN
Zip	46131-7993
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	A1
Legal Description	PT E 1/2 SE 1/4 S20 T13 R5
Legal Range	5
Legal Township	13
Legal Section	20
Jurisdiction	JOHNSON IN
Township / Civil Division	CLARK
Census Block Group	2
Census Block	2065
Census Tract	610101

Owner

Source: Johnson County records, as of October 13, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Company Names on Record
Mailing Address	5504 E 500 N, FRANKLIN, IN 46131-7993
Occupancy	Owner Occupied
Owner Type	Company
Vesting	Trust, Revocable Trust

Deeds, Mortgages & Sale History

Date	Document
Oct 30, 2025	Quit Claim Deed, Transfer Quitclaim
Mar 24, 2017	Deed of Trust, Mortgage · Commercial Mortgage FIRST MERCHANTS BANK
Mar 1, 2017	Deed of Trust, Mortgage · Commercial Mortgage FIRST MERCHANTS BANK NA

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Transfer Date	Oct 22, 2025
Transfer Doc	2025022034
Record Updated	Oct 29, 2026

October 2025: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	JOHNSON IN
Recording Date	Oct 30, 2025
Property Address	5504 E 500 N, FRANKLIN, IN 46131-7993
Document Number	2025022034
Instrument Date	Oct 22, 2025
Instrument	2025-022034
Transaction Type	Transfer
Record Updated	Nov 19, 2025

Transaction

Tax	$0.00
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5504 E 500 N, FRANKLIN, IN 46131-7993

March 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	JOHNSON IN
Property Address	5504 E 500 N, FRANKLIN, IN 46131-7993
Transaction Type	Mortgage
Record Updated	Feb 7, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2017006949
Date	Mar 24, 2017
Instrument	2017-006949

Lender

Name	FIRST MERCHANTS BANK
Type	Bank
Address	FRANKLIN, IN 46131

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Mar 7, 2047

Interest

Rate Type	Adjustable Rate

March 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	JOHNSON IN
Property Address	5504 E 500 N, FRANKLIN, IN 46131-7993
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2017004841
Date	Mar 1, 2017
Instrument	2017-004841

Lender

Name	FIRST MERCHANTS BANK NA
Type	Bank
Address	GREENWOOD, IN 46143

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Tax Assessment & Valuation

Source: Johnson County assessment roll, as of June 19, 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Johnson County
County Subdivision	Clark Township
Unified School District	Clark-Pleasant Community School Corporation (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$1,840.00 (+14%) Homeowner's exemption	$839,800 (+31.57%) Land $100,300 Building $739,500	$839,800 (+31.57%) Land $100,300 Building $739,500
2024	$1,614.00 (-7.08%) Homeowner's exemption	$638,300 (-6.08%) Land $100,400 Building $537,900	$638,300 (-6.08%) Land $100,400 Building $537,900
2023	$1,737.00 (-8.43%)	$679,600 (-0.19%) Land $100,400 Building $579,200	$679,600 (-0.19%) Land $100,400 Building $579,200
2022	$1,897.00 (-3.71%)	$680,900 Land $100,400 Building $580,500	$680,900 Land $100,400 Building $580,500
2021	$1,970.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective September 30, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 93% of the US · above 45% of Indiana
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 7 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
JC Fiber Fiber	3,000 / 3,000
Xfinity Fiber	2,000 / 2,000

Cell Coverage

5G (outdoors only) and 4G LTE

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