1503 Franklin St
Elkhart, IN 46516
2 bd 1 ba 950 sqft Built 1920 Lot 5,663 sqft single_family
Most recent sale
$80,000
Apr 5, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 5, 2024 | Sold | $80,000 | IRMLS |
| Mar 5, 2024 | Listed | $80,000 | IRMLS |
| Oct 10, 2019 | Sold | $1,125,000 | Public Record |
| Nov 28, 2017 | Listing removed | $54,900 | IRMLS |
| Jun 2, 2017 | Listing removed | $54,900 | ElkHartCounty |
| May 25, 2017 | Listed | $54,900 | Bloomington |
| Feb 24, 2014 | Listing removed | $69,900 | ElkHartCounty |
| Oct 17, 2013 | Listing removed | $69,900 | ElkHartCounty |
| Oct 13, 2013 | Listing removed | $69,900 | IRMLS |
| Oct 11, 2013 | Listed | $69,900 | ElkHartCounty |
| Oct 19, 2001 | Sold | $56,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $90,600 | $12,600 | $103,200 | $933 |
| 2024 | $71,500 | $12,600 | $84,100 | $708 |
| 2023 | $68,200 | $12,600 | $80,800 | $1,631 |
| 2022 | $67,400 | $12,600 | $80,000 | $1,657 |
| 2021 | $59,200 | $12,600 | $71,800 | $1,642 |
| 2020 | $52,400 | $12,600 | $65,000 | $1,570 |
| 2019 | $26,100 | $3,900 | $30,000 | $1,416 |
| 2018 | $26,100 | $3,900 | $30,000 | $668 |
| 2017 | $26,100 | $3,900 | $30,000 | $666 |
| 2016 | $24,200 | $3,900 | $28,100 | $664 |
| 2015 | $16,800 | $3,900 | $20,700 | $621 |
| 2013 | $16,800 | $12,600 | $29,400 | $1,112 |
| 2012 | $47,300 | $12,600 | $59,900 | $588 |
| 2011 | $40,100 | $9,000 | $49,100 | $10 |
| 2010 | $45,000 | $9,000 | $54,000 | $46 |
| 2008 | $44,300 | $8,600 | $52,900 | $208 |
| 2007 | $43,100 | $8,600 | $51,700 | $311 |
| 2006 | $41,800 | $8,600 | $50,400 | $250 |
Property facts
Year built
1920
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
950 sqft
Lot size
5,663 sqft
ZIP code
46516
City
Elkhart
Street
Franklin St
Coordinates
41.67619, -85.98935
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$480
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1503 Franklin St last sell?
1503 Franklin St most recently sold on Apr 5, 2024 for $80,000.
What is the current tax assessment for 1503 Franklin St?
The most recent total assessment for 1503 Franklin St (year 2025) is $103,200 with $933 in property tax.
How does 1503 Franklin St's assessment compare to its last sale price?
The current assessment is 29.0% above the last sale price of $80,000.
When was 1503 Franklin St built?
1503 Franklin St was built in 1920.
How does 1503 Franklin St compare to others on Franklin St?
We track 8 other properties on Franklin St. Browse the list under "Other properties on Franklin St" to compare beds, baths, and sale history.
What are the property facts for 1503 Franklin St?
1503 Franklin St is a 2 bed, 1 bath, 950 sqft, 5,663 sqft lot single_family.
Is 1503 Franklin St a flip candidate?
No — 1503 Franklin St does not appear in our flips dataset.
Is 1503 Franklin St a tax-appeal candidate?
Yes — 1503 Franklin St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.0%
Implied 1-yr
+20.0%
2026 Q3
$250K
2026 Q4
$259.5K
ZIP 46516 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Franklin St