NOT LISTED FOR SALE

5518 Black Cherry Cir Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $327,000 - $360,000

4 Beds
2.5 Baths
2,843 Sq Ft
$122/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $255,000 $90 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,246/month

1 Day on Market

Highlights

  • In Ground Pool
  • Breakfast Room
  • Fireplace in Basement
  • Traditional Architecture
  • 3 Car Attached Garage
  • Fire Pit

About This Home

As of September 2020

Beautifully maintained home with fabulous private pool area!! Many updates in the last six months including, New AC, Furnace, Two Sump Pumps, New Garage Door, Laminate Hardwoods, New carpet in upper two rooms, Interior Paint, New Hardware throughout, Outside Trim Paint, New Mailbox, Outdoor Front Lighting. Formal Living/Dining rooms, Great Room, Four Bedrooms up. Finished basement with Family Room, fireplace and lots of Storage!! Fully fenced backyard with ample Patio Space and Beautiful in-ground Pool with solar cover and Firepit area, great for entertaining. Cul-De-Sac Location, Front Porch for relaxing and great landscaped yard.

Last Agent to Sell the Property

Steve Clark

Compass Indiana, LLC License #RB14045792 Listed on: 08/03/2020

Compass Indiana, LLC

Last Buyer's Agent

Derek Gutting

Keller Williams Indpls Metro N

Keller Williams Indpls Metro N

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,846

Year Built

  • Built in 1996

Lot Details

  • 10,019 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Concrete Perimeter Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Breakfast Room
  • Attic Access Panel

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Sump Pump
  • Fireplace in Basement

Home Security

  • Monitored
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Fire Pit

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Association fees include maintenance
  • Cherry Tree Subdivision
  • Property managed by Cherry Tree Estates HOA
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 491504111034000500

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,846

Year Built

Built in 1996

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1996
  • Garage Y N: Yes
  • Lot Size Acres: 0.23
  • Subdivision Name: CHERRY TREE
  • Inspection Warranties: Not Applicable
  • Property Description: Beautifully maintained home with fabulous private pool area!! Many updates in the last six months including, New AC, Furnace, Two Sump Pumps, New Garage Door, Laminate Hardwoods, New carpet in upper two rooms, Interior Paint, New Hardware throughout, Outside Trim Paint, New Mailbox, Outdoor Front Lighting. Formal Living/Dining rooms, Great Room, Four Bedrooms up. Finished basement with Family Room, fireplace and lots of Storage!! Fully fenced backyard with ample Patio Space and Beautiful in-ground Pool with solar cover and Firepit area, great for entertaining. Cul-De-Sac Location, Front Porch for relaxing and great landscaped yard.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Finished
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Electric Oven, Refrigerator, Washer
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Basement, Woodburning Fireplce
  • Fireplaces: 1
  • Interior Amenities: Attic Access
  • Living Area: 2843
  • Other Equipment: Security Alarm Monitored, Smoke Detector, Sump Pump
  • Room Count: 10
  • Areas Interior: Foyer Small,Living Room Formal,Laundry in Basement
  • Eating Area: Breakfast Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 1867
  • Main Level Sq Ft: 976
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Total Sq Ft: 2843
  • Kitchen Features: Center Island,Pantry
  • Below Grade Sq Ft: 976
  • Upper Level Sq Ft: 891
  • Pct Optional Level Finished: 75+%

Exterior Features

  • Construction Materials: Vinyl With Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete, Fence Full Rear, Fire Pit, In Ground Pool
  • Foundation Details: Concrete Perimeter
  • List Price: 250000
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio,Covered Porch

Garage/Parking

  • Garage Spaces: 3
  • Fuel: Electric
  • Garage Parking Description: Attached
  • Garage Parking Other: Garage Door Opener,Finished Garage,Storage Area
  • Garage Sq Ft: 660

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Cable Available,High Speed Internet Avail
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Management Company Name: Cherry Tree Estates HOA
  • Management Company Phone: 317-222-1080
  • H O A Disclosures: Covenants & Restrictions

Fee Information

  • Association Fee Includes: Entrance Common, Maintenance
  • Mandatory Fee: 250

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491504111034000500
  • Acres: <1/4 Acre
  • Lot Information: Cul-De-Sac,Tree Mature
  • Lot Number: 16
  • Lot Size: 10,019

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 2846
  • Semi Annual Property Tax Amt: 1423
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption,OtherTaxExemption/See Remarks

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Sep 17, 2020
Sold by
King James Gordon and King Theresa Anne
Bought by
Reinhardt Richard A and Reinhardt Fallon J
Seller's Agent
Steve Clark
Compass Indiana, LLC
Buyer's Agent
Derek Gutting
Keller Williams Indpls Metro N
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%
Current Estimated Value
$346,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,957
Avg. Annual Appreciation
6.22%
Original Mortgage
$204,000
Outstanding Balance
$181,037
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$165,921
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
Reinhardt Richard A -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinhardt Richard A $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2020 09/17/20 Sold $255,000 +2.0% $90 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $250,000 -- $88 / 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 $5,123 $370,300 $31,800 $338,500
2023 $5,123 $366,200 $31,800 $334,400
2022 $4,769 $334,900 $31,800 $303,100
2021 $3,880 $266,000 $31,800 $234,200
2020 $3,144 $214,100 $31,800 $182,300
2019 $2,959 $198,400 $18,700 $179,700
2018 $2,657 $180,000 $18,700 $161,300
2017 $2,561 $172,700 $18,700 $154,000
2016 $2,436 $164,600 $18,700 $145,900
2014 $1,985 $149,500 $18,700 $130,800
2013 $2,022 $149,500 $18,700 $130,800
Source: Public Records

Agents Affiliated with this Home

  • Steve Clark

    Seller's Agent in 2020

    Steve Clark

    Compass Indiana, LLC

    (317) 345-4582

    3 in this area

    628 Total Sales

    Steve Clark
    Section Image

  • D

    Buyer's Agent in 2020

    Derek Gutting

    Keller Williams Indpls Metro N

    Section Image

  • B

    Buyer Co-Listing Agent in 2020

    Bryan Arnold

    Keller Williams Indpls Metro N

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21728856

MIBOR Broker Listing Cooperative®

APN: 49-15-04-111-034.000-500

Indiana Marion County Indianapolis 46237 South Emerson

5518 Black Cherry Cir, Indianapolis, IN

This home is located at 5518 Black Cherry Cir, Indianapolis, IN 46237 since 03 August 2020 and is currently estimated at $346,957, approximately $122 per square foot. This property was built in 1996. 5518 Black Cherry Cir 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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