NOT LISTED FOR SALE

11241 Cherry Lake Way Indianapolis, IN 46235

Far Eastside Neighborhood

Estimated Value: $237,000 - $248,000

3 Beds
2 Baths
1,647 Sq Ft
$147/Sq Ft Est. Value

Last Sold March 03, 2020

Last sale price $153,000 $93 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,494/month

2 Days on Market

Highlights

  • Home fronts a pond
  • Fireplace in Hearth Room
  • Ranch Style House
  • Mature Trees
  • Vaulted Ceiling
  • Covered Patio or Porch

About This Home

As of March 2020

This spacious ranch home sits on a large homesite that is partially fenced and backs up to pond. New carpet and fresh paint in living room and bedrooms, beautifully updated kitchen with upgraded cabinets, corian counters, large island, stainless steel appliances. Hearth Room has a stone fireplace and is adjacent to dining area. Screened in porch off the back off kitchen area. New screen installed recently. Storage shed in back corner of property near pond. Sits on a cul de sac, low traffic area. MORE PHOTOS COMING TONIGHT - kitchen and hearth room and living roon.

Last Agent to Sell the Property

Denise Wilson

RE/MAX At The Crossing Listed on: 02/13/2020

RE/MAX At The Crossing

Last Buyer's Agent

Jake Basker

Trueblood Real Estate

Trueblood Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $138

Year Built

  • Built in 1989

Lot Details

  • 77 Sq Ft Lot
  • Home fronts a pond
  • Cul-De-Sac
  • Mature Trees

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,647 Sq Ft Home
  • Vaulted Ceiling
  • Fireplace in Hearth Room
  • Window Screens
  • Combination Kitchen and Dining Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Association fees include snow removal
  • Cherry Lake Subdivision
  • Property managed by will provide

Listing and Financial Details

  • Legal Lot and Block 146 / 6
  • Assessor Parcel Number 490822110026000700

Home Details

Home Type

Single Family

Est. Annual Taxes

$138

Year Built

Built in 1989

Lot Details

0

HOA Fees

$10 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1989
  • Building Area Total: 1647
  • Garage Y N: Yes
  • Lot Size Acres: 0.23
  • Subdivision Name: Cherry Lake
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • MBR_AttributionContact: denisewilsonrealtor@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Appliances: Electric Cooktop, Dishwasher, Disposal, Electric Oven, Range Hood, Refrigerator, Gas Water Heater, Water Softener Owned
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Hearth Room
  • Fireplaces: 1
  • Interior Amenities: Vaulted Ceiling(s), Screens Some
  • Living Area: 1647
  • Main Level Bedrooms: 3
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1647
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0
  • SqFt Total: 1647

Exterior Features

  • Construction Materials: Vinyl With Stone
  • Disclosures: Not Applicable
  • Exterior Features: Storage Shed
  • Fencing: Partial
  • Foundation Details: Slab
  • List Price: 147900
  • Patio And Porch Features: Covered Porch, Screened
  • Waterfront Features: Pond

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Concrete

Utilities

  • Utilities: Cable Available, Gas, Water Connected
  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association Fee: 120
  • Association Fee Frequency: Annually
  • Association YN: Yes
  • Management Company Name: will provide
  • H O A Disclosures: Covenants & Restrictions,Rules & Regulations

Fee Information

  • Association Fee Includes: Snow Removal

Lot Info

  • Lot Features: Cul-De-Sac, Mature Trees, Trees-Small (Under 20 Ft)
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 77
  • Parcel Number: 490822110026000700
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 138
  • Tax Block: 6
  • Tax Lot: 146
  • Semi Annual Property Tax Amt: 69
  • Tax Exemption: Homestead Tax Exemption,Mortage Tax Exemption,Other Tax Exemption/See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2020
Closed on
Mar 3, 2020
Sold by
Kellems Melissa D
Bought by
Belcher Jason S
Seller's Agent
Denise Wilson
RE/MAX At The Crossing
Buyer's Agent
Jake Basker
Trueblood Real Estate
List Price
$147,900
Sold Price
$153,000
Premium/Discount to List
$5,100
3.45%
Current Estimated Value
$241,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,446
Avg. Annual Appreciation
8.42%
Original Mortgage
$150,228
Outstanding Balance
$135,445
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$106,001

Purchase Details

Closed on
Dec 10, 2007
Sold by
Kellems Michael D and Kellems Melissa D
Bought by
Kellems Melissa D

Purchase Details

Closed on
Mar 21, 2005
Sold by
Scott Stephen T
Bought by
Kellems Michael D and Kellems Melissa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,500
Interest Rate
6.55%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Belcher Jason S $153,000 True Title, Llc
Kellems Melissa D -- Investors Titlecorp
Kellems Michael D -- Investors Titlecorp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Belcher Jason S $150,228
Previous Owner Kellems Michael D $99,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2020 03/03/20 Sold $153,000 +3.4% $93 / Sq Ft
02/16/2020 02/16/20 Pending -- -- --
02/13/2020 02/13/20 For Sale $147,900 -- $90 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,479 $235,800 $21,200 $214,600
2023 $2,479 $208,400 $21,200 $187,200
2022 $1,975 $170,700 $21,200 $149,500
2021 $1,734 $149,300 $21,200 $128,100
2020 $520 $133,700 $16,000 $117,700
2019 $593 $133,600 $16,000 $117,600
2018 $349 $120,800 $16,000 $104,800
2017 $161 $111,100 $16,000 $95,100
2016 $1,032 $99,500 $16,000 $83,500
2014 $612 $81,900 $16,000 $65,900
2013 $823 $89,300 $16,000 $73,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Denise Wilson

    RE/MAX

    Section Image

  • J

    Buyer's Agent in 2020

    Jake Basker

    Trueblood Real Estate

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21695012

MIBOR Broker Listing Cooperative®

APN: 49-08-22-110-026.000-700

Indiana Marion County Indianapolis 46235 Far Eastside

11241 Cherry Lake Way, Indianapolis, IN

This home is located at 11241 Cherry Lake Way, Indianapolis, IN 46235 since 13 February 2020 and is currently estimated at $241,446, approximately $146 per square foot. This property was built in 1989. 11241 Cherry Lake Way is a home located in Marion County with nearby schools including Sunny Heights Elementary School, Stonybrook Intermediate Academy (5-6), and Stonybrook Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Nearby Homes