NOT LISTED FOR SALE

5116 Rum Cherry Way Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $340,000 - $396,000

4 Beds
2.5 Baths
2,979 Sq Ft
$125/Sq Ft Est. Value

Last Sold December 27, 2018

Last sale price $250,000 $84 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,308/month

118 Days on Market

Highlights

  • Vaulted Ceiling
  • Walk-In Closet
  • Garage
  • Thermal Windows
  • Forced Air Heating and Cooling System

About This Home

As of December 2018

Lovely new Denali American Classic plan by Fischer Homes in beautiful Highgate featuring a welcoming front porch, private 1st floor study with french doors, formal dining room, 1st floor laundry and 9ft 1st floor ceilings. Island kitchen with stainless steel appliances, upgraded maple cabinetry with 42" uppers, granite countertops and bay morning room that walks out to a 14x12 concrete patio and all open to the spacious family room. Upstairs you'll find the owners suite w/an en suite w/a double bowl vanity, soaking tub, separate shower, water closet & large walk-in closet. There are 3 additional bedrooms each w/a walk-in closet and shares a centrally located hall bath & huge loft. 2 car garage w/opener, keyless entry system a& service door.

Last Agent to Sell the Property

Marie Edwards

HMS Real Estate, LLC License #RB14030108 Listed on: 07/23/2018

Last Buyer's Agent

Kate Vannoy

Esquire Real Estate Group LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,050

Year Built

  • Built in 2018

Lot Details

  • 9,757 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Thermal Windows
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Parking

  • Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Association fees include professional mgmt
  • Highgate Subdivision
  • Property managed by Omni Mgmt.

Listing and Financial Details

  • Assessor Parcel Number 491505135007035500

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,050

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Two Story
  • Builder Name: Fischer Homes
  • Property Type: Residential
  • New Construction: Yes
  • Tax Year: 2018
  • Year Built: 2018
  • Garage Y N: Yes
  • Lot Size Acres: 0.224
  • Subdivision Name: HIGHGATE
  • Inspection Warranties: Warranty Builders
  • Property Description: Lovely new Denali American Classic plan by Fischer Homes in beautiful Highgate featuring a welcoming front porch, private 1st floor study with french doors, formal dining room, 1st floor laundry and 9ft 1st floor ceilings. Island kitchen with stainless steel appliances, upgraded maple cabinetry with 42" uppers, granite countertops and bay morning room that walks out to a 14x12 concrete patio and all open to the spacious family room. Upstairs you'll find the owners suite w/an en suite w/a double bowl vanity, soaking tub, separate shower, water closet & large walk-in closet. There are 3 additional bedrooms each w/a walk-in closet and shares a centrally located hall bath & huge loft. 2 car garage w/opener, keyless entry system a& service door.
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • Special Features: NewHome

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, Microwave, Electric Oven
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: Raised Ceiling(s), Walk-in Closet(s), Windows Thermal
  • Living Area: 2979
  • Other Equipment: Smoke Detector
  • Room Count: 11
  • Areas Interior: Laundry Room Main Level
  • Eating Area: Breakfast Room,Center Island
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 2979
  • Main Level Sq Ft: 1302
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Master Bedroom Description: Closet Walk in,Shower Stall Full,Sinks Double,Tub Garden
  • Total Sq Ft: 2979
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 1677
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete
  • Foundation Details: Slab
  • List Price: 250000
  • Association Maintained Building Exterior: 0
  • Construction Stage: Completed
  • Porch: Open Patio,Covered Porch

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 2 Car Attached
  • Garage Parking Other: Garage Door Opener,Keyless Entry

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Available,High Speed Internet Avail
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: Omni Mgmt.
  • Management Company Phone: 317-541-0000

Fee Information

  • Association Fee Includes: Professional Mgmt
  • Mandatory Fee: 38

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491505135007035500
  • Acres: <1/4 Acre
  • Lot Number: 36
  • Lot Size: 9800

Green Features

  • Green Certification Y N: 0

Tax Info

  • Semi Annual Property Tax Amt: 0
  • Tax Exemption: None
  • Multiple Tax I D: No

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2018
Closed on
Dec 31, 2018
Sold by
Fischer Homes Indianapolis Llc
Bought by
Lucas Joseph and Lucas Kathleen
Seller's Agent
Marie Edwards
HMS Real Estate, LLC
Buyer's Agent
Kate Vannoy
Esquire Real Estate Group LLC
List Price
$264,990
Sold Price
$250,000
Premium/Discount to List
-$14,990
-5.66%
Current Estimated Value
$372,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,702
Avg. Annual Appreciation
6.04%
Original Mortgage
$200,000
Outstanding Balance
$176,547
Interest Rate
4.8%
Mortgage Type
Construction
Estimated Equity
$196,155

Purchase Details

Closed on
Jun 1, 2018
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Lucas Joseph -- None Available
-- $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucas Joseph $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2018 12/27/18 Sold $250,000 0.0% $84 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
11/02/2018 11/02/18 Price Changed $250,000 -5.7% $84 / Sq Ft
07/23/2018 07/23/18 For Sale $264,990 -- $89 / 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 $4,050 $335,100 $59,600 $275,500
2023 $4,050 $310,700 $59,600 $251,100
2022 $4,128 $307,300 $59,600 $247,700
2021 $3,596 $269,400 $59,600 $209,800
2020 $3,486 $297,100 $59,600 $237,500
2019 $3,662 $271,100 $59,600 $211,500
2018 $12 $400 $400 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Marie Edwards

    HMS Real Estate, LLC

    (317) 846-0777

    59 in this area

    3,589 Total Sales

    Marie Edwards
    Section Image

  • K

    Buyer's Agent in 2018

    Kate Vannoy

    Esquire Real Estate Group LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21583442

MIBOR Broker Listing Cooperative®

APN: 49-15-05-135-007.035-500

Indiana Marion County Indianapolis 46237 South Emerson

5116 Rum Cherry Way, Indianapolis, IN

This home is located at 5116 Rum Cherry Way, Indianapolis, IN 46237 since 23 July 2018 and is currently estimated at $372,702, approximately $125 per square foot. This property was built in 2018. 5116 Rum Cherry Way is a home located in Marion County with nearby schools including Mary Bryan Elementary School, Southport 6th Grade Academy, and Southport 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.

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