5159 E Edgewood Ave Indianapolis, IN 46237
South Emerson NeighborhoodEstimated payment $1,261/month
Total Views
15,113
--
Bed
--
Bath
960
Sq Ft
$207
Price per Sq Ft
Highlights
- 1.5 Acre Lot
- No HOA
- 1-Story Property
- Franklin Central High School Rated A-
- 2 Car Detached Garage
About This Home
Investor Special - Prime 1.5 Acre Opportunity in Sought-After Location! Unlock the potential of this uninhabitable home situated on a spacious 1.5-acre lot in one of the area's most desirable and well-connected neighborhoods. Just minutes from major shopping centers, restaurants, and everyday conveniences, this property offers an unbeatable location with endless upside. The existing structure is in need of a full rehab or tear-down, making it the perfect canvas for your next renovation project or new construction. Highlights: 1.5 acres of level, usable land Close to retail, dining, and amenities Excellent investment or development potential Highly desirable neighborhood with strong demand Bring your plans, your vision, and make the most of this diamond in the rough. Opportunities like this don't come around often-schedule your viewing today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,222
Year Built
- Built in 1950
Lot Details
- 1.5 Acre Lot
Parking
- 2 Car Detached Garage
Home Design
- Fixer Upper
- Brick Exterior Construction
Interior Spaces
- 960 Sq Ft Home
- 1-Story Property
Schools
- Franklin Community Middle School
- Custer Baker Intermediate School
- Franklin Community High School
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 491510109011000300
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,354 | $109,500 | $33,800 | $75,700 |
| 2023 | $2,354 | $109,500 | $33,800 | $75,700 |
| 2022 | $2,362 | $109,500 | $33,800 | $75,700 |
| 2021 | $2,015 | $92,000 | $33,800 | $58,200 |
| 2020 | $1,803 | $81,800 | $33,100 | $48,700 |
| 2019 | $1,701 | $76,800 | $28,100 | $48,700 |
| 2018 | $1,658 | $74,800 | $28,100 | $46,700 |
| 2017 | $1,644 | $74,300 | $28,100 | $46,200 |
| 2016 | $1,646 | $74,600 | $28,100 | $46,500 |
| 2014 | $1,520 | $73,400 | $25,300 | $48,100 |
| 2013 | $1,504 | $73,400 | $25,300 | $48,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $199,000 | -11.6% | $207 / Sq Ft |
| 07/31/2025 07/31/25 | Price Changed | $225,000 | -10.0% | $234 / Sq Ft |
| 07/28/2025 07/28/25 | Price Changed | $249,900 | -3.9% | $260 / Sq Ft |
| 06/02/2025 06/02/25 | For Sale | $260,000 | -- | $271 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $160,000 | -- | |
| Deed | $160,000 | Chicago Title |
Source: Public Records
Similar Homes in the area
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22042480
APN: 49-15-10-109-011.000-300
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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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