7338 5 Points Rd Indianapolis, IN 46259
South Franklin NeighborhoodEstimated payment $3,203/month
Highlights
- View of Trees or Woods
- 5.8 Acre Lot
- Ranch Style House
- Franklin Central High School Rated A-
- Mature Trees
- Wood Flooring
About This Home
Commercial Opportunity: This property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. It features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20 by 32 feet and an above-ground swimming pool. This site presents an excellent opportunity for the development of multi-family units, with the potential for subdividing into five parcels of one acre each. Previous plans for a small gated community are available upon request. The property allows for the construction of additional homes. This well-maintained real estate asset includes two parcels situated at the corner of Five Points Road and Shelbyville Road, boasting approximately 800 feet of road frontage.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $564
Year Built
- Built in 1926 | Remodeled
Lot Details
- 5.8 Acre Lot
- Corner Lot
- Mature Trees
Parking
- 3 Car Detached Garage
Home Design
- Ranch Style House
- Brick Exterior Construction
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,520 Sq Ft Home
- Family or Dining Combination
- Wood Flooring
- Views of Woods
- Unfinished Basement
Kitchen
- Electric Cooktop
- Range Hood
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Shed
- Storage Shed
Schools
- Bunker Hill Elementary School
- Franklin Central Junior High
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Franklin Cove Subdivision
Listing and Financial Details
- Tax Lot 3001317
- Assessor Parcel Number 491514125021000300
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,536 | $234,400 | $33,200 | $201,200 |
| 2023 | $2,536 | $234,400 | $33,200 | $201,200 |
| 2022 | $2,549 | $234,400 | $33,200 | $201,200 |
| 2021 | $4,510 | $217,200 | $33,200 | $184,000 |
| 2020 | $4,338 | $209,000 | $32,600 | $176,400 |
| 2019 | $3,680 | $176,200 | $27,600 | $148,600 |
| 2018 | $1,313 | $116,800 | $25,700 | $91,100 |
| 2017 | $1,325 | $118,300 | $25,800 | $92,500 |
| 2016 | $1,305 | $116,700 | $25,800 | $90,900 |
| 2014 | $1,332 | $127,000 | $30,000 | $97,000 |
| 2013 | $1,308 | $126,300 | $29,300 | $97,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/24/2025 09/24/25 | For Sale | $600,000 | +263.6% | $395 / Sq Ft | |
| 12/22/2014 12/22/14 | Sold | $165,000 | -13.1% | $80 / Sq Ft | View Prior Sale |
| 11/30/2014 11/30/14 | Pending | -- | -- | -- | |
| 10/12/2014 10/12/14 | For Sale | $189,900 | -- | $92 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $180,000 | -- | |
| Deed | -- | -- | |
| Deed | $208,000 | -- | |
| Deed | -- | Ata National Title | |
| Warranty Deed | -- | Chicago Title Company Llc |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22064732
APN: 49-15-14-125-022.000-300
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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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