NOT LISTED FOR SALE

5424 E Southport Rd Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $226,000 - $357,000

3.33 Acres
$87,538 Price per Acre
145,055 Sq Ft Lot

Last Sold March 12, 2021

Last sale price $273,000

Est. 7% increase in value since last sale

Current estimated payment $1,563/month

544 Days on Market

About This Lot

As of March 2021

MAJOR PRICE REDUCTION! - COMMERCIAL / RESIDENTIAL LAND - OWNER / INVESTOR’S DREAM
Two parcels, +/-3.33 acres total. OUTSTANDING DEVELOPMENT OPPORTUNITIES: High visibility. Two of only a few undeveloped parcels available on E Southport Road. Less than 1 minute from I-65/Southport Rd interchange. Adjacent to major "Big Box" retail, commercial and restaurants. Currently zoned (D-A) residential, but also designated (C-1) for Light-Commercial use in Metropolitan Comprehensive Development Plan for Marion County. (See attached Comprehensive Plan documentation). Prior (2008) appraised valuation $1,180,000 - asking only $325,000! (total for both parcels! Other parcel is 5434 E Southport Rd) Owners retiring/liquidating holdings. Rare opportunity!

Last Agent to Sell the Property

Michael Huff

Keller Williams Indy Metro S License #RB14047252 Listed on: 08/09/2019

Keller Williams Indy Metro S

Last Buyer's Agent

Kamaljeet Kaur

TJ Realty Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $240

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$240

Lot Details

0

Listing Details

  • Property Type: Land
  • Type: Multiple,Undeveloped,SeeRemarks
  • Property Sub Type: Commercial Land
  • Transaction Type: Sale
  • Directions: I-65 South to Southport Rd., East on Southport Rd. to property
  • New Construction: No
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: NO SUBDIVISION
  • Special Features: None

Interior Features

  • Sq Ft Main Upper: 0
  • Possible Use: CommMulTen, Medical, Office, Residential

Exterior Features

  • Road Access: Frontage Road,CityStreet
  • Water: Municipal Water Near By
  • Interstate: Ramp<1Mi
  • Disclosures: Not Applicable
  • Topography: Cleared,Filled,Level,Other

Utilities

  • Solid Waste: 0
  • Sewer: Municipal Sewer Near

Lot Info

  • Acres: 3-5 Acres
  • Lot Number: 0
  • Lot Size: 1.43 AC
  • Improvements: SeeRemarks,Other
  • Land Characteristics: See Remarks
  • Potential Zoning: Commercial,Professional-Office,See Remarks
  • Present Zoning: Single Family,See Remarks
  • Divisible: 0
  • Gross Acres: 1.4300
  • Usable Acres: 1.4300
  • Current Use: Vacant
  • Development Status: Rough Grade, See Remarks
  • Zoning: D-A, C-1

Tax Info

  • Semi Annual Property Tax Amt: 120
  • Tax Exemption: None
  • Tax Annual Amount: 240
  • Tax Year: 2018

MLS Schools

  • School District: Franklin Township
  • Schools: Franklin Central High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Mar 12, 2021
Sold by
Pierle Herb and Pierle Larry
Bought by
Singh Varender
Seller's Agent
Michael Huff
Keller Williams Indy Metro S
Buyer's Agent
Kamaljeet Kaur
TJ Realty Inc.
List Price
$325,000
Sold Price
$273,000
Premium/Discount to List
-$52,000
-16%
Current Estimated Value
$291,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,500
Avg. Annual Appreciation
1.44%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Singh Varender $273,000 Ata National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold $273,000 0.0% --
02/04/2021 02/04/21 Pending -- -- --
07/21/2020 07/21/20 Off Market $273,000 -- --
06/01/2020 06/01/20 Price Changed $325,000 0.0% --
06/01/2020 06/01/20 For Sale $325,000 +19.0% --
01/06/2020 01/06/20 Off Market $273,000 -- --
08/09/2019 08/09/19 For Sale $390,000 -- --
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 $264 $10,700 $10,700 --
2023 $264 $10,700 $10,700 $0
2022 $293 $10,700 $10,700 $0
2021 $232 $8,000 $8,000 $0
2020 $236 $8,000 $8,000 $0
2019 $240 $8,000 $8,000 $0
2018 $240 $8,000 $8,000 $0
2017 $240 $8,000 $8,000 $0
2016 $240 $8,000 $8,000 $0
2014 $240 $8,000 $8,000 $0
2013 $240 $8,000 $8,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Huff

    Seller's Agent in 2021

    Michael Huff

    Keller Williams Indy Metro S

    (317) 443-5016

    3 in this area

    22 Total Sales

    Michael Huff
    Section Image

  • K

    Buyer's Agent in 2021

    Kamaljeet Kaur

    TJ Realty Inc.

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21661018

MIBOR Broker Listing Cooperative®

APN: 49-15-10-127-006.000-300

Indiana Marion County Indianapolis 46237 South Emerson

5424 E Southport Rd, Indianapolis, IN

This home is located at 5424 E Southport Rd, Indianapolis, IN 46237 since 09 August 2019 and is currently estimated at $291,500. 5424 E Southport Rd is a home located in Marion County with nearby schools including Franklin Central High School, Southport Presbyterian Christian School, and Curtis Wilson Primary School and Academy.

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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