NOT LISTED FOR SALE

5863 Timber Lake Way Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $236,000 - $263,000

4 Beds
2 Baths
1,792 Sq Ft
$136/Sq Ft Est. Value

Last Sold June 05, 2020

Last sale price $145,000 $81 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,448/month

5 Days on Market

Highlights

  • Vaulted Ceiling
  • Covered Patio or Porch
  • Shed
  • Franklin Central High School Rated A-
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of June 2020

Check out this amazing 4 Bedroom, 2 Bath home with a Fully Fenced in Backyard and a large Storage Barn located in Franklin Township. This home has over 1700 SQFT of living space with a very large lot displaying beautiful flower beds and the trees provide the needed shade.

Last Agent to Sell the Property

Chris Smith

LPT Realty License #RB18000053 Listed on: 04/20/2020

LPT Realty

Last Buyer's Agent

Angela Oakes

Berkshire Hathaway Home

Berkshire Hathaway Home

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,302

Year Built

  • Built in 1990

Lot Details

  • 9,496 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Foundation
  • Vinyl Construction Material

Interior Spaces

  • Multi-Level Property
  • Vaulted Ceiling
  • Aluminum Window Frames
  • Window Screens
  • Sump Pump
  • Attic Access Panel

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Association fees include maintenance, parkplayground, snow removal
  • Franklin Woods Subdivision
  • Property managed by Franklin Lake In The Woods
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 491503114004000300

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,302

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Multi-Level
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1990
  • Garage Y N: Yes
  • Lot Size Acres: 0.218
  • Subdivision Name: FRANKLIN WOODS
  • Inspection Warranties: General
  • Property Description: Check out this amazing 4 Bedroom, 2 Bath home with a Fully Fenced in Backyard and a large Storage Barn located in Franklin Township. This home has over 1700 SQFT of living space with a very large lot displaying beautiful flower beds and the trees provide the needed shade.
  • Transaction Type: Sale
  • Website: www.hoosier-realtors.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, Electric Oven, Range Hood, Refrigerator
  • Levels: Multi/Split
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Attic Access, Vaulted Ceiling(s), Screens Some, Window Metal
  • Living Area: 1792
  • Other Equipment: Sump Pump
  • Room Count: 7
  • Eating Area: Dining Combo/Family Room,Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 1792
  • Main Level Sq Ft: 1096
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in
  • Total Sq Ft: 1792
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 696

Exterior Features

  • Construction Materials: Vinyl With Stone
  • Disclosures: Not Applicable
  • Exterior Features: Barn Mini, Barn Storage
  • Foundation Details: Wood, Wood
  • List Price: 145000
  • Association Maintained Building Exterior: 0
  • Porch: Covered Patio

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Attached
  • Garage Sq Ft: 440

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Management Company Name: Franklin Lake In The Woods
  • H O A Disclosures: Covenants & Restrictions

Fee Information

  • Association Fee Includes: Entrance Common, Maintenance, ParkPlayground, Snow Removal
  • Mandatory Fee: 100

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491503114004000300
  • Acres: <1/4 Acre
  • Lot Information: Curbs,Sidewalks,Tree Mature
  • Lot Number: 52
  • Lot Size: 9,496

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1302
  • Semi Annual Property Tax Amt: 651
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Franklin Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2020
Closed on
Jun 5, 2020
Sold by
Armstrong Richard P and Armstrong Kathy S
Bought by
Wilkins Tomas Lee and Sluder Megan Nicole
Seller's Agent
Chris Smith
LPT Realty
Buyer's Agent
Angela Oakes
Berkshire Hathaway Home
List Price
$145,000
Sold Price
$145,000
Current Estimated Value
$244,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,480
Avg. Annual Appreciation
10.11%
Original Mortgage
$116,000
Outstanding Balance
$103,278
Interest Rate
3.2%
Mortgage Type
Construction
Estimated Equity
$138,787
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
Wilkins Tomas Lee -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilkins Tomas Lee $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2020 06/05/20 Sold $145,000 0.0% $81 / Sq Ft
04/25/2020 04/25/20 Pending -- -- --
04/19/2020 04/19/20 For Sale $145,000 -- $81 / 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 $1,812 $198,900 $27,600 $171,300
2023 $1,812 $172,400 $27,600 $144,800
2022 $1,810 $172,400 $27,600 $144,800
2021 $1,688 $160,400 $27,600 $132,800
2020 $1,670 $158,800 $27,600 $131,200
2019 $1,631 $155,000 $23,800 $131,200
2018 $1,381 $130,200 $23,800 $106,400
2017 $1,328 $125,100 $23,800 $101,300
2016 $1,203 $112,800 $23,800 $89,000
2014 $2,214 $110,700 $23,800 $86,900
2013 $2,214 $110,700 $23,800 $86,900
Source: Public Records

Agents Affiliated with this Home

  • Chris Smith

    Seller's Agent in 2020

    Chris Smith

    LPT Realty

    (803) 500-3345

    25 Total Sales

    Chris Smith
    Section Image

  • A

    Buyer's Agent in 2020

    Angela Oakes

    Berkshire Hathaway Home

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21705730

MIBOR Broker Listing Cooperative®

APN: 49-15-03-114-004.000-300

Indiana Marion County Indianapolis 46237 South Emerson

5863 Timber Lake Way, Indianapolis, IN

This home is located at 5863 Timber Lake Way, Indianapolis, IN 46237 since 20 April 2020 and is currently estimated at $244,480, approximately $136 per square foot. This property was built in 1990. 5863 Timber Lake Way is a home located in Marion County with nearby schools including Franklin Central High School, Gray Road Christian School, and Indianapolis Southside Christian Academy.

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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