NOT LISTED FOR SALE

5815 S Emerson Ave Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $188,000 - $341,000

7 Acres
$38,742 Price per Acre
290,981 Sq Ft Lot

Last Sold December 22, 2023

Last sale price $560,000 $556 Per Sq Ft

Current estimated payment $1,711/month

58 Days on Market

About This Lot

As of December 2023

This 6.68 acres incudes 2 homes. The 5815 S Emerson Parcel is zoned CS ( some C-3 uses and assisted living uses) The 5829 S Emerson is zoned DA. Both homes are being sold in AS IS condition and rented currently. 5815 rent is $1,000 per month and 5859 is $1,100 per month. Subject to Tenants rights. Great location for assisted living and other light commercial uses. Both homes connected to city water & sanitary sewer.

Last Agent to Sell the Property

David Baird

OK Baird, LLC Brokerage Email: david@okbaird.com License #RB14029774 Listed on: 09/21/2023

Last Buyer's Agent

Maria Lasher

F.C. Tucker Company

F.C. Tucker Company

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,620

Lot Details

  • 6.68 Acre Lot
  • Additional Parcels

Schools

  • Franklin Central Junior High

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 491503159006000300

Property Details

Property Type

Land

Est. Annual Taxes

$3,620

Lot Details

0

Listing Details

  • Type: Other
  • Property Sub Type: Commercial Land
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2023
  • Lot Size Acres: 6.68
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Public Transportation: Yes
  • MBR_AttributionContact: david@okbaird.com
  • Attribution Contact: david@okbaird.com
  • Special Features: None

Exterior Features

  • List Price: 600000
  • Other Structures: Not Applicable, Tenant House
  • Topography: Level
  • Road Access: Street Cuts
  • Water: Municipal Water on Site

Utilities

  • Sewer: Municipal Sewer On Site
  • Solid Waste: Yes
  • Sanitary Sewer Pipe Size: 8 inch

Condo/Co-op/Association

  • Community Features: None

Schools

  • Middle Or Junior School: Franklin Central Junior High

Lot Info

  • Lot Features: Not In Subdivision, Sidewalks, Zoned
  • Additional Parcels Description: 3003293
  • Additional Parcels: Yes
  • Current Use: Residential
  • Development Status: See Remarks
  • Horse Amenities: None
  • Lot Size Sq Ft: 230520
  • Number Of Lots: 2
  • Parcel Number: 491503159006000300
  • Zoning: CS (C3 and C1 uses)
  • Acres: 5-10 Acres
  • Land Characteristics: City,Rectangle
  • Present Zoning: Commercial
  • Price Acre: 83832
  • Soil Type: Not Applic
  • Divisible: No
  • Soil Test: none

Tax Info

  • Tax Annual Amount: 3620
  • Tax Lot: 2
  • Semi Annual Property Tax Amt: 1810
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Dec 29, 2023
Sold by
Lapoint Julie D
Bought by
J & A Homes Inc
Seller's Agent
David Baird
OK Baird, LLC
Buyer's Agent
Maria Lasher
F.C. Tucker Company
List Price
$600,000
Sold Price
$560,000
Premium/Discount to List
-$40,000
-6.67%
Views
70
Current Estimated Value
$258,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$301,205
Avg. Annual Appreciation
-24.73%

Purchase Details

Closed on
Apr 1, 2021
Sold by
Lapoint Joseph W
Bought by
Lapoint Julle D

Purchase Details

Closed on
Jun 13, 2011
Sold by
Jenco Investments Llc
Bought by
Lapoint Joseph W

Purchase Details

Closed on
Aug 25, 2008
Sold by
Community Development Inc
Bought by
Baird & Young Llc

Purchase Details

Closed on
Jun 28, 2006
Sold by
Lapointe Joseph W
Bought by
Baird & Young L L C

Purchase Details

Closed on
Sep 28, 2005
Sold by
Jenco Investments Llc
Bought by
Lapoint Joseph W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,150
Interest Rate
5.83%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
J & A Homes Inc $560,000 Ata National Title Group
Lapoint Julle D $190,000 None Available
Lapoint Joseph W -- None Available
Baird & Young Llc -- None Available
Baird & Young L L C -- None Available
Lapoint Joseph W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lapoint Joseph W $120,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $560,000 -6.7% $556 / Sq Ft
09/21/2023 09/21/23 For Sale $600,000 -- $595 / 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 $3,326 $152,500 $62,300 $90,200
2023 $3,326 $152,500 $62,300 $90,200
2022 $3,411 $152,500 $62,300 $90,200
2021 $4,460 $129,700 $47,700 $82,000
2020 $4,797 $124,200 $47,700 $76,500
2019 $2,578 $110,300 $47,700 $62,600
2018 $2,382 $100,700 $47,700 $53,000
2017 $2,359 $99,700 $47,700 $52,000
2016 $2,329 $98,400 $47,800 $50,600
2014 $1,458 $105,600 $47,800 $57,800
2013 $1,528 $105,500 $47,700 $57,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    David Baird

    OK Baird, LLC

    (317) 538-5763

    4 in this area

    56 Total Sales

    David Baird
    Section Image

  • M

    Buyer's Agent in 2023

    Maria Lasher

    F.C. Tucker Company

    Section Image

  • C

    Buyer Co-Listing Agent in 2023

    Christina Hodgeson

    Neu Real Estate Group

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21944117

MIBOR Broker Listing Cooperative®

APN: 49-15-03-159-006.000-300

Indiana Marion County Indianapolis 46237 South Emerson

5815 S Emerson Ave, Indianapolis, IN

This home is located at 5815 S Emerson Ave, Indianapolis, IN 46237 since 21 September 2023 and is currently estimated at $258,795, approximately $256 per square foot. 5815 S Emerson Ave is a home located in Marion County with nearby schools including Franklin Central High School, Gray Road Christian School, and Southport Presbyterian Christian 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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