NOT LISTED FOR SALE

5941 Timber Lake Way Indianapolis, IN 46237

South Emerson Neighborhood

Estimated Value: $255,589 - $265,000

3 Beds
2 Baths
1,748 Sq Ft
$149/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $240,000 $137 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,558/month

2 Days on Market

Highlights

  • Mature Trees
  • Deck
  • Cathedral Ceiling
  • Franklin Central High School Rated A-
  • Traditional Architecture
  • 1 Fireplace

About This Home

As of June 2022

Beautifully landscaped Tri-Level in the heart of Franklin Township. 3 Bedrooms and 2 Full Baths. Kitchen has Granite Counters and Newer Stainless Steel Appliances. Cathedral Ceilings in the Living Room and almost every Room has Crown Molding. Large Backyard Deck is perfect for Relaxing or Entertaining. Lower Level Family Room is Cozy with a Wood Burning Fireplace. Enormous Laundry Room could easily be split up and a wall added to create 4th Bedroom. Don't miss this beauty!!!

Last Agent to Sell the Property

Todd Campbell

United Real Estate Indpls Listed on: 05/13/2022

United Real Estate Indpls

Last Buyer's Agent

Jimmy Ondecko

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,674

Year Built

  • Built in 1988

Lot Details

  • 9,365 Sq Ft Lot
  • Mature Trees

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Cedar

Interior Spaces

  • Multi-Level Property
  • Cathedral Ceiling
  • 1 Fireplace
  • Combination Kitchen and Dining Room
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Laundry in Basement
  • Crawl Space

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Connected

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 491503114020000300

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,674

Year Built

Built in 1988

Lot Details

0

HOA Fees

$8 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1988
  • Building Area Total: 1748
  • Garage Y N: Yes
  • Lot Size Acres: 0.215
  • Subdivision Name: FRANKLIN WOODS
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Electric Oven, Refrigerator, Washer, MicroHood
  • Levels: Multi/Split
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Woodburning Fireplce
  • Fireplaces: 1
  • Interior Amenities: Cathedral Ceiling(s)
  • Other Equipment: Smoke Detector
  • Areas Interior: Laundry in Basement
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 1748
  • Main Level Sq Ft: 1056
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Eat In,Kitchen Some Updates
  • Upper Level Sq Ft: 692

Exterior Features

  • Construction Materials: Brick, Cedar
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete
  • Foundation Details: Crawl Space
  • List Price: 250000
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level

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: 0
  • Utility Options: Gas Connected
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 100
  • Association Fee Frequency: Annually
  • Management Company Name: Franklin Woods HOA
  • H O A Disclosures: Covenants & Restrictions

Fee Information

  • Association Fee Includes: Maintenance

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491503114020000300
  • Acres: <1/4 Acre
  • Lot Information: Tree Mature
  • Lot Number: 44
  • Lot Size: 9,365

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1674
  • Semi Annual Property Tax Amt: 837
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Franklin Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jun 15, 2022
Sold by
Stansifer David E
Bought by
Morris Kalene and Morris Mitchell
Seller's Agent
Todd Campbell
United Real Estate Indpls
Buyer's Agent
Jimmy Ondecko
F.C. Tucker Company
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$260,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,897
Avg. Annual Appreciation
1.61%
Original Mortgage
$231,990
Outstanding Balance
$222,565
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$30,380
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
Morris Kalene -- Ata National Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Kalene $231,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $240,000 -4.0% $137 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $250,000 -- $143 / 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 $2,003 $221,200 $27,300 $193,900
2023 $2,003 $191,400 $27,300 $164,100
2022 $1,883 $179,500 $27,300 $152,200
2021 $1,758 $167,200 $27,300 $139,900
2020 $1,703 $161,900 $27,300 $134,600
2019 $1,597 $151,400 $23,500 $127,900
2018 $1,382 $130,100 $23,500 $106,600
2017 $1,331 $125,200 $23,500 $101,700
2016 $1,206 $112,900 $23,500 $89,400
2014 $1,125 $111,300 $23,500 $87,800
2013 $1,105 $111,300 $23,500 $87,800
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Todd Campbell

    United Real Estate Indpls

    Section Image

  • J

    Buyer's Agent in 2022

    Jimmy Ondecko

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21855402

MIBOR Broker Listing Cooperative®

APN: 49-15-03-114-020.000-300

Indiana Marion County Indianapolis 46237 South Emerson

5941 Timber Lake Way, Indianapolis, IN

This home is located at 5941 Timber Lake Way, Indianapolis, IN 46237 since 13 May 2022 and is currently estimated at $260,897, approximately $149 per square foot. This property was built in 1988. 5941 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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