NOT LISTED FOR SALE

5508 Cherry Birch Dr Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $238,000 - $306,000

3 Beds
2 Baths
1,426 Sq Ft
$188/Sq Ft Est. Value

Last Sold November 06, 2023

Last sale price $235,000 $165 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,722/month

1 Day on Market

Highlights

  • Home fronts a pond
  • Deck
  • Cathedral Ceiling
  • Pond View
  • Ranch Style House
  • 1 Fireplace

About This Home

As of November 2023

Nestled in a quiet and friendly neighborhood, this charming 3-bedroom ranch presents a golden opportunity for those with a vision. While it may need a little TLC, this home offers unparalleled value for those looking to put their personal touch on a property and create their dream oasis. The layout provides the perfect foundation for your interior design, and the spacious backyard is an oasis for outdoor entertainment and relaxation. Whether you're downsizing, a first-time buyer, or new to the area, with a little sweat equity, this property offers you the chance to enjoy something truly special.

Last Agent to Sell the Property

Gabriel Lawless

Ever Real Estate, LLC Brokerage Email: GABRIEL.LAWLESS@TALKTOTUCKER.COM License #RB14042068 Listed on: 09/22/2023

Ever Real Estate, LLC

Last Buyer's Agent

Mark Evans

Quorum Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,192

Year Built

  • Built in 1995

Lot Details

  • 0.33 Acre Lot
  • Home fronts a pond
  • Corner Lot

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,426 Sq Ft Home
  • Cathedral Ceiling
  • 1 Fireplace
  • Entrance Foyer
  • Family or Dining Combination
  • Pond Views
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Schools

  • Mary Bryan Elementary School
  • Southport Middle School
  • Southport 6Th Grade Academy Middle School
  • Southport High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 30 / 1
  • Assessor Parcel Number 491504111006000500

Community Details

Overview

  • Association fees include home owners, maintenance, parkplayground, snow removal
  • Cherry Tree Subdivision

Recreation

  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,192

Year Built

Built in 1995

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1995
  • Building Area Total: 1426
  • Garage Y N: Yes
  • Lot Size Acres: 0.33
  • Subdivision Name: Cherry Tree
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: GABRIEL.LAWLESS@TALKTOTUCKER.COM
  • Attribution Contact: GABRIEL.LAWLESS@TALKTOTUCKER.COM
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Woodburning Fireplce
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Cathedral Ceiling(s), Breakfast Bar, Entrance Foyer, Pantry
  • Living Area: 1426
  • Main Level Bedrooms: 3
  • Other Equipment: Smoke Alarm
  • Eating Area: Dining Combo/Great Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1426
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Fencing: Fence Full Rear
  • Foundation Details: Slab
  • List Price: 235000
  • Patio And Porch Features: Deck Main Level, Open Patio
  • View: Pond
  • View Y N: Yes
  • Waterfront Features: Pond
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached
  • Garage Sq Ft: 460

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Cooling: Central Electric
  • Electric: 200+ Amp Service
  • Heating: Forced Air, Heat Pump, Electric
  • Laundry Features: Laundry Room
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Association YN: Yes
  • Community Features: Curbs, Park, Playground

Fee Information

  • Association Fee Includes: Association Home Owners, Entrance Common, Maintenance, ParkPlayground, Snow Removal

Schools

  • Middle Or Junior School: Southport Middle School
  • MBR_IntermediateSchool: Southport 6th Grade Academy

Lot Info

  • Lot Features: Corner Lot
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 16900
  • Parcel Number: 491504111006000500
  • Acres: 1/4-1/2 Acre
  • Price Acre: 712121

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 2192
  • Tax Block: 1
  • Tax Lot: 30
  • Semi Annual Property Tax Amt: 1096
  • Tax Exemption: Homestead Tax Exemption,Mortgage Tax Exemption

MLS Schools

  • Elementary School: Mary Bryan Elementary School
  • High School: Southport High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Nov 6, 2023
Sold by
Acalotto James J
Bought by
Mcallen John D
Seller's Agent
Gabriel Lawless
Ever Real Estate, LLC
Buyer's Agent
Mark Evans
Quorum Realty Group
List Price
$235,000
Sold Price
$235,000
Views
30
Current Estimated Value
$268,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,124
Avg. Annual Appreciation
7.43%
Original Mortgage
$215,201
Outstanding Balance
$211,440
Interest Rate
7.49%
Mortgage Type
FHA
Estimated Equity
$56,684

Purchase Details

Closed on
Mar 23, 2005
Sold by
Shrum Robert and Campbell Kim
Bought by
Acalotto James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,900
Interest Rate
5.64%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mcallen John D -- Quality Title
Acalotto James J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcallen John D $215,201
Previous Owner Acalotto James J $97,350
Previous Owner Acalotto James J $104,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2023 11/06/23 Sold $235,000 0.0% $165 / Sq Ft
09/24/2023 09/24/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $235,000 -- $165 / 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 $3,006 $235,900 $38,700 $197,200
2023 $3,006 $231,900 $38,700 $193,200
2022 $2,820 $213,900 $38,700 $175,200
2021 $2,276 $171,900 $38,700 $133,200
2020 $2,101 $158,600 $38,700 $119,900
2019 $1,850 $140,100 $22,900 $117,200
2018 $1,630 $128,000 $22,900 $105,100
2017 $1,509 $122,200 $22,900 $99,300
2016 $1,383 $114,900 $22,900 $92,000
2014 $1,010 $104,600 $22,900 $81,700
2013 $1,084 $104,600 $22,900 $81,700
Source: Public Records

Agents Affiliated with this Home

  • Gabriel Lawless

    Seller's Agent in 2023

    Gabriel Lawless

    Ever Real Estate, LLC

    (317) 513-2775

    1 in this area

    102 Total Sales

    Gabriel Lawless
    Section Image

  • M

    Buyer's Agent in 2023

    Mark Evans

    Quorum Realty Group

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21944420

MIBOR Broker Listing Cooperative®

APN: 49-15-04-111-006.000-500

Indiana Marion County Indianapolis 46237 South Emerson

5508 Cherry Birch Dr, Indianapolis, IN

This home is located at 5508 Cherry Birch Dr, Indianapolis, IN 46237 since 22 September 2023 and is currently estimated at $268,124, approximately $188 per square foot. This property was built in 1995. 5508 Cherry Birch Dr 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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