3243 Cherry Lake Rd
Indianapolis, IN 46235
3 bd 2 ba 1,612 sqft Built 1988 Lot 10,019 sqft single_family
Most recent sale
$224,312
Jul 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 21, 2022 | Sold | $224,312 | Public Record |
| Jul 13, 2022 | Sold | $185,000 | MIBOR |
| Jun 12, 2022 | Price changed | $180,000 | MLS #21858193 |
| May 20, 2022 | Listed | $195,000 | MLS #21858193 |
| Sep 18, 2008 | Sold | $92,777 | Public Record |
| Aug 26, 2003 | Sold | $106,267 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $188,600 | $21,200 | $209,800 | $2,290 |
| 2024 | $181,100 | $21,200 | $202,300 | $2,421 |
| 2023 | $162,400 | $21,200 | $183,600 | $2,186 |
| 2022 | $111,200 | $21,200 | $132,400 | $1,745 |
| 2021 | $111,200 | $21,200 | $132,400 | $1,536 |
| 2020 | $102,200 | $16,000 | $118,200 | $1,294 |
| 2019 | $99,500 | $16,000 | $115,500 | $1,335 |
| 2018 | $91,000 | $16,000 | $107,000 | $1,171 |
| 2017 | $82,600 | $16,000 | $98,600 | $962 |
| 2016 | $72,500 | $16,000 | $88,500 | $824 |
| 2015 | $68,900 | $16,000 | $84,900 | $623 |
| 2014 | $57,300 | $16,000 | $73,300 | $468 |
| 2013 | $63,700 | $16,000 | $79,700 | $624 |
| 2012 | $66,000 | $16,000 | $82,000 | $625 |
| 2011 | $63,300 | $21,300 | $84,600 | $585 |
| 2010 | $63,300 | $21,300 | $84,600 | $530 |
| 2008 | $74,600 | $21,300 | $95,900 | $735 |
| 2006 | $74,600 | $21,300 | $95,900 | $1,435 |
Property facts
Year built
1988
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,612 sqft
Lot size
10,019 sqft
ZIP code
46235
City
Indianapolis
Street
Cherry Lake Rd
Coordinates
39.81675, -85.96265
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,418
Gross rental yield
12.94%
Implied cap rate
8.41%
Trend-extrapolated value
—
Frequently asked questions
When did 3243 Cherry Lake Rd last sell?
3243 Cherry Lake Rd most recently sold on Jul 21, 2022 for $224,312.
What is the current tax assessment for 3243 Cherry Lake Rd?
The most recent total assessment for 3243 Cherry Lake Rd (year 2025) is $209,800 with $2,290 in property tax.
How does 3243 Cherry Lake Rd's assessment compare to its last sale price?
The current assessment is 6.5% below the last sale price of $224,312.
When was 3243 Cherry Lake Rd built?
3243 Cherry Lake Rd was built in 1988.
How does 3243 Cherry Lake Rd compare to others on Cherry Lake Rd?
We track 8 other properties on Cherry Lake Rd. Browse the list under "Other properties on Cherry Lake Rd" to compare beds, baths, and sale history.
What are the property facts for 3243 Cherry Lake Rd?
3243 Cherry Lake Rd is a 3 bed, 2 bath, 1,612 sqft, 10,019 sqft lot single_family.
Is 3243 Cherry Lake Rd a flip candidate?
Yes — 3243 Cherry Lake Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 3243 Cherry Lake Rd a tax-appeal candidate?
No — 3243 Cherry Lake Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.9%
Implied 1-yr
+7.7%
2026 Q3
$260.4K
2026 Q4
$264.8K
ZIP 46235 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cherry Lake Rd