NOT LISTED FOR SALE

5602 Rum Cherry Way Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $264,000 - $287,597

4 Beds
2 Baths
1,512 Sq Ft
$182/Sq Ft Est. Value

Last Sold June 01, 2018

Last sale price $165,000 $109 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,860/month

1 Day on Market

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • 1-Story Property
  • Cathedral Ceiling
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System

About This Home

As of June 2018

Updates abound in this four bedroom, two full bathroom ranch home! The kitchen has been updated to include new appliances and fresh, new flooring has been put in the main living areas. The HVAC was replaced in 2017. The updates don’t stop as you step into the backyard. Not only do you get to enjoy the benefits of having an inground pool this summer that has a newly installed pool pump, you also get to sit back and relax on the new cement pool deck. What a great backyard for entertaining! This move in ready home is a must see!

Last Agent to Sell the Property

Mark Branch

Highgarden Real Estate Listed on: 04/19/2018

Highgarden Real Estate

Co-Listed By

Sarah Elkmann

Highgarden Real Estate

Last Buyer's Agent

Dean Hicks

Berkshire Hathaway Home

Berkshire Hathaway Home

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,878

Year Built

  • Built in 1996

Lot Details

  • 0.38 Acre Lot

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Cedar

Interior Spaces

  • 1,512 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Great Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • Association fees include home owners
  • Cherry Tree Subdivision
  • Property managed by Cross Roads

Listing and Financial Details

  • Assessor Parcel Number 491505106020000500

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,878

Year Built

Built in 1996

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1996
  • Building Area Total: 1512
  • Co List Office Phone: 317-814-5500
  • Garage Y N: Yes
  • Lot Size Acres: 0.384
  • Subdivision Name: CHERRY TREE
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • MBR_AttributionContact: mbranch@c21scheetz.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Disposal, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Great Room
  • Fireplaces: 1
  • Interior Amenities: Cathedral Ceiling(s)
  • Other Equipment: Not Applicable
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1512
  • Main Level Sq Ft: 1512
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Eat In
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Brick, Cedar
  • Disclosures: Not Applicable
  • Foundation Details: Slab
  • List Price: 159900
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Electric
  • Garage Parking Description: Attached
  • Num Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Cable Connected
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Management Company Name: Cross Roads
  • Management Company Phone: 317-222-1080

Fee Information

  • Association Fee Includes: Association Home Owners

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491505106020000500
  • Acres: 1/4-1/2 Acre
  • Lot Number: 84
  • Lot Size: 16727

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1878
  • Semi Annual Property Tax Amt: 939
  • Tax Exemption: MortageTaxExemption

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2018
Closed on
May 31, 2018
Sold by
Pero Penny
Bought by
Knox Brian M and Knox April D
Seller's Agent
Mark Branch
Highgarden Real Estate
Buyer's Agent
Dean Hicks
Berkshire Hathaway Home
List Price
$159,900
Sold Price
$165,000
Premium/Discount to List
$5,100
3.19%
Current Estimated Value
$281,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,562
Avg. Annual Appreciation
7.57%
Original Mortgage
$50,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2005
Sold by
Johnson Topmiller Janet S
Bought by
Pero Penny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
5.88%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Knox Brian M $165,000 Meridian Title Corporation
Pero Penny -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knox Brian M $100,000
Closed Knox Brian M $62,000
Closed Knox Brian M $82,395
Closed Knox Brian M $50,000
Previous Owner Pero Penny $27,000
Previous Owner Pero Penny $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2018 06/01/18 Sold $165,000 +3.2% $109 / Sq Ft
04/21/2018 04/21/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $159,900 -- $106 / 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 $3,409 $252,400 $40,700 $211,700
2023 $3,409 $248,100 $40,700 $207,400
2022 $3,253 $228,800 $40,700 $188,100
2021 $2,721 $190,100 $40,700 $149,400
2020 $2,493 $172,900 $40,700 $132,200
2019 $4,187 $153,700 $24,600 $129,100
2018 $2,019 $141,300 $24,600 $116,700
2017 $1,877 $134,900 $24,600 $110,300
2016 $3,520 $130,000 $24,600 $105,400
2014 $2,842 $116,100 $24,600 $91,500
2013 $2,866 $116,100 $24,600 $91,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mark Branch

    Highgarden Real Estate

    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Sarah Elkmann

    Highgarden Real Estate

    Section Image

  • D

    Buyer's Agent in 2018

    Dean Hicks

    Berkshire Hathaway Home

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21559235

MIBOR Broker Listing Cooperative®

APN: 49-15-05-106-020.000-500

Indiana Marion County Indianapolis 46237 South Emerson

5602 Rum Cherry Way, Indianapolis, IN

This home is located at 5602 Rum Cherry Way, Indianapolis, IN 46237 since 19 April 2018 and is currently estimated at $275,649, approximately $182 per square foot. This property was built in 1996. 5602 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.

Nearby Homes