7338 5 Points Rd Indianapolis, IN 46259
South Franklin NeighborhoodEstimated payment $3,530/month
Highlights
- 5.8 Acre Lot
- Mature Trees
- No HOA
- Franklin Central High School Rated A-
- Corner Lot
About This Lot
This vast property encompasses 5.8 acres located at the intersection of Shelbyville Road and Five Points Road. Has been approved to allow the construction of additional homes and approved to split into 2, 4 or 5 separate parcels (Plat maps attached) the option of a private driveway with private gate, also a tennis court or playground which you can see on attached approved plat maps. Zoning allows horse boarding on property and possible zoning request for retail. Front of the property features a recently updated three-bedroom bungalow, complemented by a sizable detached garage measuring 20x32 feet and an above-ground swimming pool wooden deck. This site presents an excellent opportunity for the development of private subdivision, with approved potential for subdividing into 5 parcels of one acre each, 4 parcels or 2 parcels. Previous plans for a small gated community are available upon request. This well-maintained multifunctional real estate asset situated at the highly sought after corner of Five Points Road and Shelbyville Road, boasting approximately 800 feet of road frontage.
Listing Agent
Midland Realty Group, Inc. Brokerage Email: midlandrealtygroup@yahoo.com License #RB14034651 Listed on: 07/20/2026
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,192
Lot Details
- 5.8 Acre Lot
- Corner Lot
- Mature Trees
- Additional Parcels
Schools
- Mary Adams Elementary School
- Franklin Central Junior High
- Lillie Idella Kitley Intermediate
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot Pt Ne1/4 S14 T14 R4 Beg 894' N Of Se Cor P.O.B. S241.44' W258.84' N241.44' E258.84' To Beg
- Assessor Parcel Number 491514125022000300
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,193 | $330,800 | $33,200 | $297,600 |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/20/2026 07/20/26 | For Sale | $599,000 | +263.0% | -- | |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $180,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | Ata National Title | |
| Deed | $208,000 | -- | |
| Warranty Deed | -- | Chicago Title Company Llc |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22114700
APN: 49-15-14-125-022.000-300
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Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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