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1503 S Sherman Dr; Indianapolis, IN Property Details

1503 S Sherman Dr, Indianapolis, IN is a Single Family that was built in 1962. This property is not for sale. Our records show that 1503 S Sherman Dr has 2 bedrooms, and a total of 960 square feet. The lot size of 1503 S Sherman Dr is 15,159 square feet.

Off market
1503 S Sherman Dr Indianapolis, IN 46203
$78,000 Estimated Value
2 Beds
960 SqFt
Property Details

Summary

  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1962
  • Est. Equity / %: $142,000 / 100%
  • Gross Yield: 10.859%
  • APN: 49-10-16-132-012.000-101
  • Situs County: Marion

Rooms

  • Bedrooms: 2
  • Total Rooms: 5

Structure

  • Building Style: Brick
  • Stories: 1
  • Building Condition: Fair
  • Building Quality: D
  • Roof Cover Type: Asphalt
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 960/SqFt
  • Lot: 15,159/SqFt
  • Gross: 960/SqFt
  • Living: 960/SqFt
  • Building: 960/SqFt
  • Ground: 960/SqFt

Legal Description

  • Description: 109FT X 139FT BEG 762.11 FT N OF SW COR W1/2 NW1/4S16 T15 R4
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Indianapolis Public Schools
  • Lat / Lon: 39.74765 / -86.10164
  • Subdivision: Section 16 Township 15 R 04 Nw1/4
  • Property Class: Residential
  • County Use Code: 511

Amenities

  • Plus Four: 3359
  • Cooling: Central
  • Heating: Central

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

1503 S Sherman Dr has no associated ownership info
1503 S Sherman Dr has no associated ownership info.

Taxes

1503 S Sherman Dr has 10 associated Taxes items

1503 S Sherman Dr, Indianapolis, IN pays taxes in Marion County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $78,000. The APN we've located for 1503 S Sherman Dr is 49-10-16-132-012.000-101.

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Taxes
  • Assessed Value:  $78,000
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-10-16-132-012.000-101
  • Assessed Land Value:  7400
  • Market Land Value:  7400
  • Tax Amount:  1556.68
  • Tax Year:  2024
  • Market Value:  78000
  • Market Year:  2025

Tax History

1503 S Sherman Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $78,000 Land Value $7,400 Improvement Value $70,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,556.68 Change Rate -0.061166% Assessed CR Tax Rate
Year 2023 Assessed Value $66,100 Land Value $7,400 Improvement Value $58,700 Tax Amount $1,658.1 Change Rate -0.005947% Assessed CR Tax Rate +0.025085%
Year 2022 Assessed Value $66,900 Land Value $7,400 Improvement Value $59,500 Tax Amount $1,668.02 Change Rate +0.372924% Assessed CR Tax Rate +0.024933%
Year 2021 Assessed Value $48,900 Land Value $7,400 Improvement Value $41,500 Tax Amount $1,214.94 Change Rate +0.03255% Assessed CR Tax Rate +0.024845%
Year 2020 Assessed Value $50,700 Land Value $7,400 Improvement Value $43,300 Tax Amount $1,176.64 Change Rate -0.041215% Assessed CR Tax Rate +0.023208%
Year 2019 Assessed Value $51,900 Land Value $6,200 Improvement Value $45,700 Tax Amount $1,227.22 Change Rate +0.034441% Assessed CR Tax Rate +0.023646%
Year 2018 Assessed Value $46,400 Land Value $6,200 Improvement Value $40,200 Tax Amount $1,186.36 Change Rate +0.156499% Assessed CR Tax Rate +0.025568%
Year 2017 Assessed Value $44,600 Land Value $6,200 Improvement Value $38,400 Tax Amount $1,025.82 Change Rate +0.111253% Assessed CR Tax Rate +0.023%
Year 2016 Assessed Value $42,600 Land Value $6,200 Improvement Value $36,400 Tax Amount $923.12 Change Rate -0.059691% Assessed CR Tax Rate +0.021669%
Year 2014 Assessed Value $45,300 Land Value $6,200 Improvement Value $39,100 Tax Amount $981.72 Change Rate -0.03254% Assessed CR Tax Rate +0.021672%
Year 2013 Assessed Value $46,200 Land Value $6,200 Improvement Value $40,000 Tax Amount $1,014.74 Change Rate Assessed CR Tax Rate +0.021964%