$549,900
$15K PRICE DROP

5107 Knollwood Ln Anderson, IN 46011

Estimated payment $3,182/month

Total Views 5,561
5 Beds
6 Baths
5,439 Sq Ft
$101 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • Vaulted Ceiling
  • Backs to Open Ground
  • Open Floorplan
  • Traditional Architecture
  • Wood Flooring

About This Home

Impeccably Maintained 5-Bedroom Luxury Home with Apartment Suite This exquisite 5-bedroom, 4 full bath, 2 half bath residence offers nearly 5,500 sq. ft. of beautifully designed living space, plus an apartment suite above the oversized 1,223 sq. ft. garage/workshop—ideal for guests, extended family, or rental income. Meticulously cared for, the current owners have invested over $280,000 in upgrades over the past decade, making this home truly move-in ready. Professionally landscaped and featuring an irrigation system, the grounds perfectly complement the home’s exceptional curb appeal. The high-end custom kitchen features premium finishes and appliances, opening to the inviting family room and overlooking the expansive back patio. Adjacent to the family room and patio, a sun-filled sunroom offers the perfect spot for morning coffee or year-round enjoyment. The main level also includes amazing brazilian cherry hardwood floors, a luxurious primary suite with a spa-like en suite bath and private balcony, a second bedroom, a spacious living room currently used as an office, a formal dining room, a sitting room, a breakfast nook, a guest full bath, a half bath, and a laundry room. Upstairs, you’ll find two bedrooms—each with its own private bath—along with a loft/sitting room (currently under construction) and a generous storage area. The finished walkout basement enhances the home’s versatility with an open layout featuring a stylish bar, wine cellar, additional storage, and abundant space for entertaining, recreation, or hobbies. Exceptional storage is found throughout, and the expansive back patio is perfect for gatherings or quiet relaxation. The private-entry apartment suite above the garage adds incredible flexibility to this remarkable property, offering endless possibilities for its next owner.

Listing Agent

Dustin Ford

RE/MAX Real Estate Groups Brokerage Phone: 765-425-6800 Listed on: 08/11/2025

RE/MAX Real Estate Groups

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,203

Year Built

  • Built in 1973

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 192x192
  • Backs to Open Ground
  • Landscaped
  • Irrigation
  • Property is zoned R-1 Residential District

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Wet Bar
  • Bar
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 1 Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Workshop
  • Utility Room in Garage
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Solid Surface Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • In-Law or Guest Suite
  • Double Vanity
  • Bathtub With Separate Shower Stall
  • Garden Bath

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Electric Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Suburban Location

Schools

  • Frankton Elementary And Middle School
  • Frankton High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • Rose Hill / Rosehill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 48-11-05-200-043.000-016
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,203

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1973
  • Age: 52
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 18
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 6
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 2
  • Legal Description: ROSE HILL 0.0000Acres STR: 00000 SECTION: PLAT: 02 IN: OUT:
  • Parcel Number ID: 48-11-05-200-043.000-016
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Attic Storage, Balcony, Bar, Ceiling Fan(s), Ceilings-Vaulted, Countertops-Solid Surf, Crown Molding, Deck Open, Detector-Smoke, Disposal, Dryer Hook Up Electric, Foyer Entry, Garage Door Opener, Garden Tub, Guest Quarters, Irrigation System, Landscaped, Open Floor Plan, Porch Covered, Skylight(s), Twin Sink Vanity, Wet Bar, Stand Up Shower, Tub and Separate Shower, Tub/Shower Combination, Workshop, Main Level Bedroom Suite, Formal Dining Room, Main Floor Laundry, Washer Hook-Up, Custom Cabinetry, Garage Utilities
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Surface: Asphalt
  • Zoning Description: Residential
  • Year Taxes Payable: 2025
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 7019
  • Total Finished Sq Ft: 5439
  • Above Grade Finished Sq Ft: 4500
  • Below Grade Finished Sq Ft: 939
  • Above Grade Unfinished Sq Ft: 1409
  • Below Grade Sq Ft: 171
  • Price Per Sq Ft: 122.2
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Walk-Out Basement, Finished
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet
  • Living Great Room: Dimensions: 21x21, On Level: Main
  • Kitchen: Dimensions: 21x10, On Level: Main
  • Breakfast Room: Dimensions: 10x18, On Level: Main
  • Dining Room: Dimensions: 17x13, On Level: Main
  • Family Room: Dimensions: 15x18, On Level: Main
  • Den: Dimensions: 11x10, On Level: Main
  • Recreation Room: Dimensions: 22x15, On Level: Basement
  • Extra Room: Sunroom, Dimensions: 17x20, On Level: Main
  • Bedroom 1: Dimensions: 13x18, On Level: Main
  • Bedroom 2: Dimensions: 13x14, On Level: Main
  • Bedroom 3: Dimensions: 14x12, On Level: Upper
  • Bedroom 4: Dimensions: 11x15, On Level: Upper
  • Bedroom 5: Dimensions: 22x28, On Level: Upper
  • Other Room1: Bonus/Bedroom, Dimensions: 22x16, On Level: Basement
  • Other Room 2: Bar, Dimensions: 15x15, On Level: Basement
  • Other Room 3: Appartment Living Space, Dimensions: 12x29, On Level: Upper
  • Loft: Dimensions: 18x21, On Level: Upper
  • Main Level Sq Ft: 2798
  • Number of Main Level Full Bathrooms: 2
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1110

Exterior Features

  • Exterior: Brick, Fiber Cement
  • Roof Material: Dimensional Shingles
  • Outbuilding1: Shed, Dimensions: 10x8

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 57x22
  • Garage Sq Ft: 1254
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air, Multiple Cooling Units
  • Heating Fuel: Electric, Gas, Forced Air, Multiple Heating Systems
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: Indiana Michigan Power
  • Gas Company: CenterPoint Energy
  • Hvac: Ceiling Fan
  • Laundry: Dimensions: Mainx15, On Level: 5
  • Well Type: Private

Schools

  • School District: Frankton-Lapel Community Schools
  • Elementary School: Frankton
  • Middle School: Frankton
  • High School: Frankton
  • Elementary School: Frankton

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 192x192
  • Estimated Lot Sq Ft: 15246
  • Estimated Lot Size Acres: 0.35

Tax Info

  • Annual Taxes: 3203
  • Exemptions: Homestead

MLS Schools

  • High School: Frankton
  • Middle School: Frankton
  • School District: Frankton-Lapel Community Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,203 $320,300 $22,000 $298,300
2023 $2,923 $292,000 $21,000 $271,000
2022 $2,910 $290,700 $19,700 $271,000
2021 $2,739 $274,200 $19,700 $254,500
2020 $2,614 $261,700 $18,800 $242,900
2019 $1,355 $254,600 $18,800 $235,800
2018 $2,375 $237,100 $17,400 $219,700
2017 $2,375 $237,100 $17,400 $219,700
2016 $2,869 $286,400 $17,400 $269,000
2014 $2,904 $290,000 $17,400 $272,600
2013 $2,904 $296,800 $17,400 $279,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $549,900 -2.7% $101 / Sq Ft
08/11/2025 08/11/25 For Sale $564,900 +175.7% $104 / Sq Ft
05/27/2016 05/27/16 Sold $204,900 -4.7% $38 / Sq Ft
04/14/2016 04/14/16 Pending -- -- --
03/10/2016 03/10/16 Price Changed $214,900 -10.4% $40 / Sq Ft
12/07/2015 12/07/15 Price Changed $239,900 -10.3% $45 / Sq Ft
09/24/2015 09/24/15 For Sale $267,500 +30.6% $50 / Sq Ft
09/18/2015 09/18/15 Off Market $204,900 -- --
08/18/2015 08/18/15 For Sale $267,500 +30.6% $50 / Sq Ft
08/14/2015 08/14/15 Off Market $204,900 -- --
06/26/2015 06/26/15 For Sale $267,500 0.0% $50 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
11/17/2014 11/17/14 For Sale $267,500 -- $50 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Deed $267,500 --
Special Warranty Deed -- --
Sheriffs Deed $221,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $201,185 FHA
Previous Owner $112,000 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202531728

Indiana Regional MLS

APN: 48-11-05-200-043.000-016