Commercial Potential! 5.8 acres on the corner of Shelbyville and Five Points Rd. Lot has been approved by city to have 5 separate lots to build custom homes. Updated 3 bedroom bungalow w large detached 20x32 garage and above ground pool. Great location for a home based business, horse farm, perfect for a church. Property was planned to be a small subdivision of 5 homes, plans are available on request. Can build more homes on site. Immaculate piece of property with many updates. On the corner of Five points and Shelbyville Rd. Approx. 800ft of road frontage.
Property Details
Property Features
Listing Office:
Office Name: Midland Realty Group, Inc.
Office Email: jaskaranrasouda@gmail.com
Listing Agent: Jaskaran Rasouda
Lot Features
Lot Information:
Lot Size: 1.42 Acres
School Info
Assigned Schools Information:
Franklin Central High School, Public District Grades 9-12
Franklin Township Middle School West, Public District Grades 6-8
Bunker Hill Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: GPS Friendly
Price Information
Listing Price Info
Price Summary:
List Price: $600,000
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Housing Market Comparison
See how this home compares to others in Indianapolis, IN.
This property is $355K more than the Median Sold Price in Indianapolis, IN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MIBOR
MLS Number: #22001693
Listing Office:
Office Name: Midland Realty Group, Inc.
Office Email: jaskaranrasouda@gmail.com
Listing Agent: Jaskaran Rasouda
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.
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Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 11, 2010
Feb 11, 2010Home Sold
$132,500
Feb 11, 2010
Feb 11, 2010Home Sold
$132,500
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Bunker Hill Elementary School
6620 Shelbyville Rd
Distance between this listing and this school0.54 miles
Public District Grades KG-5
Middle School
5
/10
Franklin Township Middle School West
7620 E Edgewood Ave
Distance between this listing and this school1.75 miles
Public District Grades 6-8
High School
6
/10
Franklin Central High School
6215 S Franklin Rd
Distance between this listing and this school1.90 miles
Public District Grades 9-12
Assigned Schools
4
/10
Bunker Hill Elementary School
6620 Shelbyville Rd
Distance between this listing and this school0.54 miles
Public District Grades KG-5
Nearby Schools
6
/10
Mary Adams Elementary School
7341 E Stop 11 Rd
Distance between this listing and this school0.94 miles
Public District Grades KG-5
4
/10
Arlington Elementary School
5814 S Arlington Ave
Distance between this listing and this school1.83 miles
Public District Grades KG-5
Assigned Schools
5
/10
Franklin Township Middle School West
7620 E Edgewood Ave
Distance between this listing and this school1.75 miles
Public District Grades 6-8
Nearby Schools
6
/10
Franklin Township Middle School East
10440 Indian Creek Rd S
Distance between this listing and this school3.60 miles
Public District Grades 6-8
4
/10
South Grove Intermediate School
851 S 9th Ave
Distance between this listing and this school3.99 miles
Public District Grades 4-6
Assigned Schools
6
/10
Franklin Central High School
6215 S Franklin Rd
Distance between this listing and this school1.90 miles
Public District Grades 9-12
Nearby Schools
5
/10
Beech Grove Sr High School
5330 Hornet Ave
Distance between this listing and this school3.79 miles
Public District Grades 9-12
5
/10
Southport High School
971 E Banta Rd
Distance between this listing and this school5.22 miles
The neighbors living near this home have an average income of $76,563. The majority of Indianapolis, IN residents have income between $35k-100k annually. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7338 5 Points Rd
What is the listing price of this property?
The listing price of 7338 5 Points Rd property is $600,000.
What type of property is this?
The property 7338 5 Points Rd is land located in Indianapolis, Indiana, 46259.
Is this property for sale now?
Active Listing: 7338 5 Points Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 7338 5 Points Rd are: Bunker Hill Elementary School: GreatSchools Rating 4/10Franklin Township Middle School West: GreatSchools Rating 5/10Franklin Central High School: GreatSchools Rating 6/10
When was this property sold last time and for how much?
The last sale was on February 11, 2010 for $132,500. (source: MLS/tax record).
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This home is located at 7338 5 Points Rd in Indianapolis, IN and zip code 46259 in the South Franklin neighborhood. This home sits on a 1.42 acre lot. It has been listed on Rocket Homes since September 14, 2024 and is currently priced at $600,000.
In August 2024, from all listings sold in Indianapolis, IN there were more than 213 sold above asking price, over 500 sold below and more than 279 were sold right at the asked price. The inventory of homes for sale in Indianapolis, IN between July 2024 and August 2024 increased by 3.1%. The median list price of listings available in August 2024 was $244,956, while the average time on the real estate market was 28 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.
Minor League Baseball Games
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New York & Company
IKEA
Books-a-Million
Chick-fil-A
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Kia
Infiniti
Jeep
Talk/Personality
Active Rock
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