Sold428d on market
5151 Shelbyville Rd
Indianapolis, IN, 46237 • South Emerson • Marion County
$56,000
0.99 acLot
Property DNA
No Subdivision
South Emerson
This home is getting attention
Listed 428 days ago · 1 views
Market activity
Demand and pricing signals for this listing
1 views
People checking out this listing
428 days on market
Established listing
Selling Soon Prediction
ModerateThis home ranks in the top 50% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Lot
Build your custom home on this 0.99-acre residential lot in Franklin Township. This prime land offers a peaceful setting with the convenience of being just minutes from I-465 and I-65, offering an easy drive to downtown Indianapolis and beyond. Enjoy proximity to shopping centers, restaurants, top-rated schools, parks, and golf courses all just a short drive away. Essential utilities are readily available, making the building process smoother. This lot is adjacent to, and across the street from multiple commercial properties and could possibly re-zoned. Don't miss your opportunity to own this property.
Estimated monthly payment
Based on current rates
$365/month
Principal & Interest$291
Property Tax$56
Insurance$19
Down payment20% ($11,200)
3%50%
Est. 6.75% rate · 30yr fixed · $44,800 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land, Residential Lots
Systems
Water / SewerMunicipal Water Near By
Parking & Outdoor
Lot0.99 Acres
Location & Tax
NeighborhoodSouth Emerson
ZoningResidential
Annual tax$202
Parcel491503153004000300
Features & details
1 category of property features
Exterior Features
Lot Features
Rectangle
Listing insights
Market data and value estimates
StatusSold
Days on market428
Est. rent$1,321/mo
Tax rate0.96%
On marketJun 8, 2024
PostedJun 8, 2024
Last sold$56,000
MLS statusSold
MLS updatedOct 22, 2025
Tour days6
Views1
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46237
Price history
8 events
DateEventPrice$/sqftSource
Feb 3, 2025Sold$56,000—MIBOR as distributed by MLS GRID
Jan 14, 2025Pending Sale$67,900—MIBOR as distributed by MLS GRID
Dec 24, 2024Price Change$67,900—MIBOR as distributed by MLS GRID
Jun 8, 2024Listed For Sale$69,000—MIBOR as distributed by MLS GRID
May 13, 2024Sold$40,000—MIBOR as distributed by MLS GRID
Mar 12, 2024Pending Sale$67,000—MIBOR as distributed by MLS GRID
Mar 1, 2024Listing Removed——MIBOR as distributed by MLS GRID
Dec 1, 2023Listed For Sale$67,000—MIBOR as distributed by MLS GRID
Sold$56,000
Feb 3, 2025•MIBOR as distributed by MLS GRID
Pending Sale$67,900
Jan 14, 2025•MIBOR as distributed by MLS GRID
Price Change$67,900
Dec 24, 2024•MIBOR as distributed by MLS GRID
Listed For Sale$69,000
Jun 8, 2024•MIBOR as distributed by MLS GRID
Sold$40,000
May 13, 2024•MIBOR as distributed by MLS GRID
Pending Sale$67,000
Mar 12, 2024•MIBOR as distributed by MLS GRID
Listing Removed—
Mar 1, 2024•MIBOR as distributed by MLS GRID
Listed For Sale$67,000
Dec 1, 2023•MIBOR as distributed by MLS GRID
Tax history
16 years of records
YearTax paidAssessed value
Apr 8, 2024$183$7,400
Apr 8, 2023$202$7,400
Apr 8, 2022$215$7,400
Apr 8, 2021$183$7,400
Apr 8, 2020$168$6,200
Apr 8, 2019$168$5,600
Apr 8, 2018$168$5,600
Apr 8, 2017$168$5,600
Apr 8, 2016$168$5,600
Apr 8, 2014$168$5,600
Apr 8, 2013$168$5,600
Apr 8, 2012$168$5,600
Apr 8, 2011—$5,600
Apr 8, 2010$168$5,600
Apr 8, 2009$168$5,600
Apr 8, 2007—$5,600
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-08 10:47:58 PDT. 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. [Click here for more information](/mls-disclaimers/#48)
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