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407 Walnut Street

Frankton, IN 46044

PendingListed Oct 2, 2026 · 3 days on market

Key facts

Beds
3
Baths
1 full
Living area
1,743 sqft
Lot
0.4 acres
Year built
1970
Type
Residential · Single Family Residence
Stories
Two
MLS #
22128527
County
Madison
Subdivision
No Subdivision
Total building area
2,271 sqft

About this home

Situated on a prime corner lot in Frankton, this solid brick front home comes with an included second lot-giving you a rare amount of outdoor space to run, garden, or host. A brand-new sidewalk welcomes you right to the front door, where you'll love enjoying your morning coffee on the large front porch. The two exterior storage sheds offer plenty of room for additional storage and the large wood deck gives you the perfect place to entertain outside overlooking your .4 acres. Inside, the layout has been optimized and features a main-floor bedroom and a fully renovated bathroom, making daily living or single-level routines simple. Upstairs, you'll find two additional bedrooms and a cozy loft area that works great for a quiet reading nook. Fresh luxury vinyl plank flooring was added in 2024 through the kitchen, bath, and laundry room. Best of all, the heavy lifting on the home's mechanics has already been done-you get total peace of mind with a new furnace, water heater, water softener, water filtration system (all replaced in 2025), and updated electrical wiring as well. It's rare to find a home in town offering this much land and peace of mind-don't let this one pass you by!

Description provided by the listing brokerage.

Interior

Appliances
DryerGas Water HeaterGas OvenRefrigeratorWasherWater HeaterWater Softener Owned
Interior features
Attic Access
Basement
Unfinished
Rooms
9
Main-level bedrooms
1

Exterior

Patio and porch
CoveredDeckPorch
Construction
Brick
Foundation
Block
Style
Split Level

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public

Schools

Elementary school
Frankton Elementary School
High school
Frankton Jr-Sr High School
School district
Frankton-Lapel Community Schools

Taxes

Estimated annual tax
$934 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,264per month, estimated
Principal and interest $1,109Property tax $78Insurance $77
20% · $44,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$220,000
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