NOT LISTED FOR SALE

5327 Rum Cherry Way Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $359,000 - $428,000

5 Beds
3 Baths
2,982 Sq Ft
$133/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $284,630 $95 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,573/month

Highlights

  • Vaulted Ceiling
  • Breakfast Room
  • 2 Car Attached Garage
  • Traditional Architecture
  • Thermal Windows
  • Walk-In Closet

About This Home

As of May 2021

New Construction by Fischer Homes in the beautiful Highgate community, featuring the Denali American Classic plan. Featuring an island kitchen with pantry, upgraded cabinetry, granite countertops and stainless steel appliances. Spacious family room expands to light-filled morning room. Dining area and first floor guest suite. Primary Suite with private bath and walk-in closet. Three additional secondary bedrooms, loft, and hall bath. Two car garage.

Last Agent to Sell the Property

Marie Edwards

HMS Real Estate, LLC License #RB14030108 Listed on: 03/25/2021

Last Buyer's Agent

Beenu Sikand

Legacy Homes International

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,986

Year Built

  • Built in 2021

Lot Details

  • 8,712

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

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

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Utilities

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

Additional Features

  • Patio
  • 8,712 Sq Ft Lot

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 491505135009010500

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,986

Year Built

Built in 2021

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: 2021
  • Year Built: 2021
  • Garage Y N: Yes
  • Lot Size Acres: 0.2
  • Subdivision Name: HIGHGATE
  • Inspection Warranties: Warranty Builders
  • Property Description: New Construction by Fischer Homes in the beautiful Highgate community, featuring the Denali American Classic plan. Featuring an island kitchen with pantry, upgraded cabinetry, granite countertops and stainless steel appliances. Spacious family room expands to light-filled morning room. Dining area and first floor guest suite. Primary Suite with private bath and walk-in closet. Three additional secondary bedrooms, loft, and hall bath. Two car garage.
  • Transaction Type: Sale
  • Accessibility Features YN: 0
  • Special Features: NewHome

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, Microwave, Gas Oven
  • Levels: Two
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Interior Amenities: Raised Ceiling(s), Walk-in Closet(s), Windows Thermal, Windows Vinyl
  • Living Area: 2982
  • Other Equipment: Smoke Detector
  • Room Count: 10
  • Areas Interior: Laundry Room Main Level
  • Eating Area: Breakfast Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 2982
  • Main Level Sq Ft: 1286
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in,Shower Stall Full,Tub Full with Separate Shower
  • Total Sq Ft: 2982
  • Kitchen Features: Center Island,Pantry
  • Upper Level Sq Ft: 1696

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete
  • Foundation Details: Slab
  • List Price: 284630
  • Association Maintained Building Exterior: 0
  • Construction Stage: Completed
  • Porch: Open Patio

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Attached
  • Garage Sq Ft: 406

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: Annually
  • Management Company Name: Omni Management Services
  • Management Company Phone: 317-541-0000
  • H O A Disclosures: Covenants & Restrictions

Fee Information

  • Association Fee Includes: Management
  • Mandatory Fee: 450

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491505135009010500
  • Acres: <1/4 Acre
  • Lot Number: 58
  • Lot Size: 9100

Green Features

  • Green Certification Y N: 0

Tax Info

  • Semi Annual Property Tax Amt: 0
  • Tax Exemption: None

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
May 14, 2021
Sold by
Fischer Homes Indianapolis Ii Llc
Bought by
Raj Hem
Seller's Agent
Marie Edwards
HMS Real Estate, LLC
Buyer's Agent
Beenu Sikand
Legacy Homes International
List Price
$284,630
Sold Price
$284,630
Current Estimated Value
$396,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,916
Avg. Annual Appreciation
7.74%
Original Mortgage
$227,704
Outstanding Balance
$208,389
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$183,293

Purchase Details

Closed on
Nov 23, 2020
Sold by
Highgate Partners Llc
Bought by
Fischer Homes Indianapolis Ii Llc
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
Raj Hem $284,630 None Available
Fischer Homes Indianapolis Ii Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raj Hem $227,704
Closed Raj Hem $227,704
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $284,630 0.0% $95 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $284,630 -- $95 / 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 $4,986 $415,700 $54,900 $360,800
2023 $4,986 $381,300 $54,900 $326,400
2022 $4,649 $346,900 $54,900 $292,000
2021 $61 $300 $300 $0
2020 $9 $300 $300 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Marie Edwards

    HMS Real Estate, LLC

    (317) 846-0777

    64 in this area

    3,657 Total Sales

    Marie Edwards
    Section Image

  • B

    Buyer's Agent in 2021

    Beenu Sikand

    Legacy Homes International

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21774290

MIBOR Broker Listing Cooperative®

APN: 49-15-05-135-009.010-500

Indiana Marion County Indianapolis 46237 South Emerson

5327 Rum Cherry Way, Indianapolis, IN

This home is located at 5327 Rum Cherry Way, Indianapolis, IN 46237 since 25 March 2021 and is currently estimated at $396,546, approximately $132 per square foot. This property was built in 2021. 5327 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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