$350,000
SOLD MAY 23, 2025
5 Beds
3 Baths
2,578 Sq Ft
9,144 Sq Ft Lot

Recently Sold

$136 Per Sq Ft

24% Below List Price

23 Days on Market

Highlights

  • New Construction
  • Traditional Architecture
  • Covered Patio or Porch
  • Franklin Central High School Rated A-
  • Wood Flooring
  • 3 Car Attached Garage

About This Home

As of May 2025

Sapphire Ridge is a community of new single-family homes coming soon to a prime location just southeast of downtown Indianapolis, IN. Right in the neighborhood are onsite trails for homeowners to get in their daily walk, jog or run. Situated in the well-regarded Franklin Township Community School Corporation, residents have easy access to urban amenities while enjoying all the benefits of suburban living. Indianapolis is home to 214 parks and numerous cultural districts, museums, sports venues, shops and restaurants. The first floor of this two-story home is host to an inviting open floorplan consisting of a Great Room, dining area and modern kitchen. A bedroom on the primary floor is ideal for a guest suite or home office. Upstairs, there are four additional bedrooms, including the luxe owner's suite. A versatile loft provides a shared living area on the second floor. A 3 car garage adds extra storage. *Photos/Tour of model may show features not selected in home.

Last Agent to Sell the Property

Erin Hundley

Compass Indiana, LLC Brokerage Email: erin.hundley@compass.com License #RB15000126 Listed on: 04/04/2025

Compass Indiana, LLC

Co-Listed By

Christine Robbins

Compass Indiana, LLC Brokerage Email: erin.hundley@compass.com License #RB19001575

Last Buyer's Agent

Lovepreet Singh

RE/MAX Advanced Realty License #RB24001261

RE/MAX Advanced Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2025 | New Construction

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

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

Interior Spaces

  • 2-Story Property
  • Entrance Foyer
  • Combination Kitchen and Dining Room
  • Attic Access Panel

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Home Security

  • Smart Locks
  • Fire and Smoke Detector

Schools

  • Bunker Hill Elementary School
  • Franklin Central Junior High
  • Edgewood Intermediate School
  • Franklin Central High School

Utilities

  • High Efficiency Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat

Additional Features

  • Covered Patio or Porch
  • 9,144 Sq Ft Lot

Community Details

  • Association Phone (317) 444-3100
  • Sapphire Ridge Subdivision
  • Property managed by Tried and True Association Management, LLC
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 037
  • Assessor Parcel Number 491501117002000300
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Year Built

Built in 2025 | New Construction

Lot Details

0

HOA Fees

$70 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Builder Name: Lennar Homes
  • Property Type: Residential
  • New Construction: Yes
  • Tax Year: 2024
  • Year Built: 2025
  • Building Area Total: 2578
  • Co List Office Phone: 317-563-5051
  • Garage Y N: Yes
  • Lot Size Acres: 0.21
  • Subdivision Name: Sapphire Ridge
  • Inspection Warranties: Warranty Builders
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: erin.hundley@compass.com
  • Attribution Contact: erin.hundley@compass.com
  • Special Features: 4098

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, MicroHood, Gas Oven, Refrigerator
  • Levels: Two
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Interior Amenities: Attic Access, Center Island, Entrance Foyer, Hardwood Floors, Eat-in Kitchen, Pantry, Programmable Thermostat, Walk-in Closet(s)
  • Living Area: 2578
  • Other Equipment: Smoke Alarm
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1109
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 1469

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Smart Lock(s)
  • Foundation Details: Slab
  • Patio And Porch Features: Covered Porch, Open Patio
  • Construction Stage: Completed

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached, Concrete, Garage Door Opener
  • Garage Parking Other: Keyless Entry

Utilities

  • Heating: Natural Gas, High Efficiency (90%+ AFUE )
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association Fee: 835
  • Association Fee Frequency: Annually
  • Association Phone: 317-444-3100
  • Association YN: Yes
  • Management Company Name: Tried and True Association Management, LLC
  • H O A Disclosures: Covenants & Restrictions

Fee Information

  • Association Fee Includes: Entrance Common

Schools

  • Middle Or Junior School: Franklin Central Junior High
  • MBR_IntermediateSchool: Edgewood Intermediate School

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 9144
  • Parcel Number: 491501117002000300
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No
  • Smart Home Features: CO2 Dectectors WiFi,Thermostat - Programmable,Thermostat - WiFi

Tax Info

  • Tax Lot: 037
  • Semi Annual Property Tax Amt: 0

MLS Schools

  • Elementary School: Bunker Hill Elementary School
  • High School: Franklin Central High School

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2025
Sold by
Lennar Homes Of Indiana Llc
Bought by
Sung Thla and Par Jessica Khin
Current Estimated Value
$371,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,032
Outstanding Balance
$346,244
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$33,756

Purchase Details

Closed on
Feb 6, 2025
Sold by
Rode Paul William
Bought by
Rode Diana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,032
Outstanding Balance
$346,244
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$33,756

Purchase Details

Closed on
Feb 3, 2025
Sold by
Rode Diana J
Bought by
Rode John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,032
Outstanding Balance
$346,244
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$33,756

Purchase Details

Closed on
May 10, 2023
Sold by
Lennar Homes Of Indiana Llc
Bought by
Drp In 1 Llc

Purchase Details

Closed on
Mar 14, 2023
Sold by
Rode Paul William
Bought by
Lennar Homes Of Indiana Llc

Purchase Details

Closed on
Oct 5, 2018
Sold by
Rode Paul William
Bought by
Indianapolis City

Purchase Details

Closed on
Sep 14, 2007
Sold by
Pade Paul Willion and Rode Diane J
Bought by
Rode John T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Personal Reps Deed -- None Listed On Document
Special Warranty Deed $2,300,000 First American Title
Warranty Deed $2,300,000 First American Title
Warranty Deed $9,600 None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $348,032 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2025 05/23/25 Sold $350,000 -12.5% $136 / Sq Ft
04/27/2025 04/27/25 Pending -- -- --
04/22/2025 04/22/25 Price Changed $399,995 -4.8% $155 / Sq Ft
04/15/2025 04/15/25 Price Changed $419,995 -4.5% $163 / Sq Ft
04/08/2025 04/08/25 Price Changed $439,995 -4.7% $171 / Sq Ft
04/04/2025 04/04/25 For Sale $461,685 -- $179 / 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 $5,285 $131,900 $85,300 $46,600
2023 $5,285 $251,300 $202,700 $48,600
2022 $5,405 $251,300 $202,700 $48,600
2021 $4,716 $204,100 $137,600 $66,500
2020 $4,464 $195,400 $136,500 $58,900
2019 $4,943 $217,700 $158,800 $58,900
2018 $5,077 $222,800 $163,900 $58,900
2017 $5,445 $243,200 $188,300 $54,900
2016 $5,636 $253,200 $199,500 $53,700
2014 $5,687 $259,100 $208,600 $50,500
2013 $5,097 $229,600 $179,100 $50,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22030662

MIBOR Broker Listing Cooperative®

APN: 49-15-01-117-002.000-300