NOT LISTED FOR SALE

5217 Rum Cherry Way Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $374,000 - $447,000

5 Beds
3 Baths
2,854 Sq Ft
$144/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $336,575 $118 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,649/month

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Breakfast Room

About This Home

As of October 2020

Redwood Grande Vista plan by Fischer Homes in beautiful Highgate featuring an island kitchen with upgraded maple cabinetry, upgraded granite countertops, pantry and stainless steel appliances, walk-out morning room. Family room w/fireplace mount and living room. First floor Guest Suite w/full bath. Spacious Owner's suite w/en suite double vanities, walk-in shower, and walk-in closet. Additional 3 bedrooms and 2 car garage. Full basement w/ Full bath R/I

Last Agent to Sell the Property

Marie Edwards

HMS Real Estate, LLC License #RB14030108 Listed on: 05/29/2020

Last Buyer's Agent

Joginder Sandhu

J Paul Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,856

Year Built

  • Built in 2020

Lot Details

  • 8,708 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Breakfast Room
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

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

Community Details

  • Association fees include management
  • Highgate Subdivision
  • Property managed by Omni Mgmt.
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 491505135009001500

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,856

Year Built

Built in 2020

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Builder Name: Fischer Homes
  • Property Type: Residential
  • New Construction: Yes
  • Tax Year: 2020
  • Year Built: 2020
  • Garage Y N: Yes
  • Lot Size Acres: 0.1999
  • Subdivision Name: HIGHGATE
  • Inspection Warranties: Warranty Builders
  • Property Description: Redwood Grande Vista plan by Fischer Homes in beautiful Highgate featuring an island kitchen with upgraded maple cabinetry, upgraded granite countertops, pantry and stainless steel appliances, walk-out morning room. Family room w/fireplace mount and living room. First floor Guest Suite w/full bath. Spacious Owner's suite w/en suite double vanities, walk-in shower, and walk-in closet. Additional 3 bedrooms and 2 car garage. Full basement w/ Full bath R/I
  • Transaction Type: Sale
  • Special Features: NewHome

Interior Features

  • Basement: No
  • Basement Type: Full,Unfinished
  • Appliances: Dishwasher,Disposal,MicroHood,Gas Oven
  • Levels: Two
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Interior Amenities: Ceiling Raised,Walk-in Closet(s),Windows Thermal,Windows Vinyl
  • Living Area: 2854
  • Other Equipment: Smoke Detector
  • Room Count: 10
  • Areas Interior: Living Room Formal,Laundry Room Upstairs
  • Eating Area: Breakfast Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 2854
  • Main Level Sq Ft: 1241
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in,Shower Stall Full,Sinks Double,Tub Garden
  • Total Sq Ft: 2854
  • Kitchen Features: Center Island,Pantry
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 1613

Exterior Features

  • Construction Materials: Brick,Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete
  • Foundation Details: Concrete Perimeter
  • List Price: 333561
  • Association Maintained Building Exterior: 0
  • Construction Stage: Completed

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Attached
  • Garage Parking Other: Keyless Entry,Service Door
  • Garage Sq Ft: 441

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Available,Gas Connected,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
  • H O A Disclosures: Covenants & Restrictions

Fee Information

  • Association Fee Includes: Management
  • Mandatory Fee: 38

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491505135009001500
  • Acres: <1/4 Acre
  • Lot Information: Not Applicable
  • Lot Number: 49
  • Lot Size: 8710

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
May 29, 2020
Closed on
Sep 17, 2020
Sold by
Fischer Homes Indianapolis Ii Llc
Bought by
Bal Pawanpreet Singh
Seller's Agent
Marie Edwards
HMS Real Estate, LLC
Buyer's Agent
Joginder Sandhu
J Paul Realty LLC
List Price
$333,561
Sold Price
$336,575
Premium/Discount to List
$3,014
0.9%
Total Days on Market
0
Current Estimated Value
$409,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,383
Avg. Annual Appreciation
3.96%
Original Mortgage
$317,300
Outstanding Balance
$284,917
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$121,541
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
Bal Pawanpreet Singh $336,575 Homestead Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bal Pawanpreet Singh $317,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2020 10/05/20 Sold $336,575 +0.9% $118 / Sq Ft
05/30/2020 05/30/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $333,561 -- $117 / 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 $4,856 $405,600 $58,300 $347,300
2023 $4,856 $371,500 $58,300 $313,200
2022 $4,969 $367,200 $58,300 $308,900
2021 $4,316 $320,000 $58,300 $261,700
2020 $9 $300 $300 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Marie Edwards

    HMS Real Estate, LLC

    (317) 846-0777

    64 in this area

    3,693 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    Joginder Sandhu

    J Paul Realty LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21714979

MIBOR Broker Listing Cooperative®

APN: 49-15-05-135-009.001-500

Indiana Marion County Indianapolis 46237 South Emerson

5217 Rum Cherry Way, Indianapolis, IN

This home is located at 5217 Rum Cherry Way, Indianapolis, IN 46237 since 29 May 2020 and is currently estimated at $410,790, approximately $143 per square foot. This property was built in 2020. 5217 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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