Listing provided courtesy of The Real Estate AgencyEmily DunnMLS# 202603799MLS ProviderContact Information: Office: 765-838-1707
  • 144 days on site
  • 0 views

This beautifully restored country estate offers the perfect blend of historic charm and modern comfort, set on expansive acreage just outside Frankfort. Originally built in 1890 and completely renovated in 2015, the home features over 3100 sq ft of living space with 4 bedrooms, 2 bathrooms, and an additional dedicated office - ideal for remote work or business use. A unique garage (heated!) conversion currently serves as private grooms quarters with full bathroom and lofted bedroom space. Perfect as a guest suite, studio, man cave or storage space. Useable as a garage in its current state. The home showcases spacious living areas, updated systems, and thoughtful finishes throughout, creating a warm and inviting atmosphere while maintaining its classic character. Outside, the property includes expansive barn space, wooded acreage, and open land offering privacy, recreation, storage, and future potential. This property offers privacy without sacrificing convenience. Whether you're seeking a primary residence, multi-generational living, hobby farm, or potential short-term rental opportunity, this home delivers flexibility, space, and timeless appeal.

Source: Indiana Regional MLS, MLS#: 202603799

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  • Property Type
    Residential
  • Lot
    20.00 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5181 N State Road 39 Road


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/13/2026Source: Indiana Regional MLS Status Change
Active
6/8/2026Source: Indiana Regional MLS Price Reduction
$810,000 -1.8%
6/8/2026Source: Indiana Regional MLS Status Change
Price Change
5/19/2026Source: Indiana Regional MLS Status Change
Active
5/19/2026Source: Indiana Regional MLS Price Reduction
$825,000 -2.9%
5/19/2026Source: Indiana Regional MLS Status Change
Price Change
5/10/2026Source: Indiana Regional MLS Status Change
Active
5/5/2026Source: Indiana Regional MLS Price Reduction
$850,000 -2.9%
5/5/2026Source: Indiana Regional MLS Status Change
Price Change
2/6/2026Source: Indiana Regional MLS Added to Database
February 06, 2026