516 Sherman Dr
Indianapolis, IN 46203
3 bd 2 ba 2,102 sqft Built 1940 Lot 5,445 sqft single_family
Most recent sale
$174,900
Nov 7, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 30, 2025 | Listing removed | $65,950 | MIBOR |
| Nov 7, 2022 | Sold | $174,900 | Public Record |
| Oct 27, 2022 | Sold | $174,900 | MIBOR |
| Oct 27, 2022 | Listing removed | $174,900 | MIBOR |
| Sep 30, 2022 | Listed | $174,900 | MIBOR |
| Aug 20, 2015 | Sold | $35,000 | Public Record |
| Aug 20, 2015 | Listing removed | $39,900 | MIBOR |
| May 21, 2015 | Price changed | $39,900 | MIBOR |
| Mar 16, 2015 | Listed | $49,900 | MIBOR |
| Dec 17, 2009 | Sold | $58,900 | Public Record |
| Nov 1, 2009 | Listing removed | $62,900 | MIBOR |
| Jun 15, 2009 | Listed | $62,900 | MIBOR |
| May 24, 2009 | Listing removed | $62,950 | MIBOR |
| Apr 26, 2009 | Relisted | $64,950 | MIBOR |
| Feb 21, 2009 | Listing removed | $64,950 | MIBOR |
| Oct 9, 2008 | Listed | $62,950 | MIBOR |
| Aug 26, 2005 | Sold | $69,054 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $235,000 | $4,200 | $239,200 | $2,672 |
| 2024 | $212,100 | $4,200 | $216,300 | $2,644 |
| 2023 | $197,600 | $4,200 | $201,800 | $2,449 |
| 2022 | $81,800 | $4,200 | $86,000 | $1,394 |
| 2021 | $81,800 | $4,200 | $86,000 | $2,095 |
| 2020 | $80,100 | $4,200 | $84,300 | $2,058 |
| 2019 | $72,000 | $4,200 | $76,200 | $1,901 |
| 2018 | $63,200 | $4,200 | $67,400 | $1,705 |
| 2017 | $54,900 | $4,200 | $59,100 | $1,347 |
| 2016 | $54,900 | $4,200 | $59,100 | $511 |
| 2015 | $54,300 | $4,200 | $58,500 | $498 |
| 2014 | $54,700 | $4,200 | $58,900 | $398 |
| 2013 | $64,100 | $4,200 | $68,300 | $479 |
| 2012 | $65,000 | $4,200 | $69,200 | $559 |
| 2011 | $58,600 | $9,400 | $68,000 | $506 |
| 2010 | $58,600 | $9,400 | $68,000 | $465 |
| 2008 | $62,600 | $9,400 | $72,000 | $543 |
| 2006 | $66,200 | $9,400 | $75,600 | $544 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,102 sqft
Lot size
5,445 sqft
ZIP code
46203
City
Indianapolis
Street
Sherman Dr
Coordinates
39.75933, -86.10240
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,049
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 516 Sherman Dr last sell?
516 Sherman Dr most recently sold on Nov 7, 2022 for $174,900.
What is the current tax assessment for 516 Sherman Dr?
The most recent total assessment for 516 Sherman Dr (year 2025) is $239,200 with $2,672 in property tax.
How does 516 Sherman Dr's assessment compare to its last sale price?
The current assessment is 36.8% above the last sale price of $174,900.
When was 516 Sherman Dr built?
516 Sherman Dr was built in 1940.
How does 516 Sherman Dr compare to others on Sherman Dr?
We track 8 other properties on Sherman Dr. Browse the list under "Other properties on Sherman Dr" to compare beds, baths, and sale history.
What are the property facts for 516 Sherman Dr?
516 Sherman Dr is a 3 bed, 2 bath, 2,102 sqft, 5,445 sqft lot single_family.
Is 516 Sherman Dr a flip candidate?
No — 516 Sherman Dr does not appear in our flips dataset.
Is 516 Sherman Dr a tax-appeal candidate?
Yes — 516 Sherman Dr appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.4%
Implied 1-yr
+5.5%
2026 Q3
$280.5K
2026 Q4
$284.1K
ZIP 46203 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Sherman Dr