5327 Rum Cherry Way, Indianapolis, IN 46237
OFF MARKET

$395,000

Trulia Estimate
  • 5 Beds
  • 3 Baths
  • 3,024 sqft

5327 Rum Cherry Way, Indianapolis, IN 46237

South Emerson
Est. Refi. Payment $2,460/mo*
Refinance Your Home
Currently Off Market - Sold May 21, 2021 for $284,630

Home Value

Trulia Estimate
$395K
Since last month
Increased$2K (+0.5%)
Since last year
Increased$14K (+3.8%)
Since last sale
Increased$110K (+38.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -4% in the last 10 years
MonthEstimated value
2026
August 2026$395K
August 2026$395K
July 2026$393K
June 2026$394K
May 2026$392K
April 2026$383K
March 2026$382K
February 2026$380K
January 2026$374K
2025
2024
2023

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5303 Rum Cherry Way, Indianapolis, IN
0.04
Single-Family Home
$354,000
10/07/25
4
2.5
2,973
5233 Rum Cherry Way, Indianapolis, IN
0.09
Single-Family Home
$393,000
06/22/26
5
3
2,978
5150 Arling Dr, Indianapolis, IN
0.14
Single-Family Home
$340,000
12/08/25
4
2.5
2,240
5108 Arling Dr, Indianapolis, IN
0.21
Single-Family Home
$345,000
10/21/25
4
2.5
2,474
5039 Arling Ct, Indianapolis, IN
0.27
Single-Family Home
$360,000
12/29/25
4
3
3,212
5103 Rum Cherry Way, Indianapolis, IN
0.21
Single-Family Home
$335,000
09/30/25
3
2.5
3,264
3944 Cherry Blossom Blvd, Indianapolis, IN
0.19
Single-Family Home
$280,000
09/12/25
3
2.5
1,879
5162 Arling Dr, Indianapolis, IN
0.12
Single-Family Home
$335,000
07/20/26
3
2.5
2,016
5051 Arling Ct, Indianapolis, IN
0.25
Single-Family Home
$325,000
02/13/26
3
2.5
2,025
5516 Cherry Birch Dr, Indianapolis, IN
0.20
Single-Family Home
$285,000
06/30/26
3
2.5
1,865

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5336 Oak Harbor Ct, Indianapolis, IN 46237
0.04
$275,000
2
2
1,627
Recently Sold
Address Not Disclosed, Indianapolis, IN 46237
0.05
$263,500
2
2
1,647
Recently Sold
5410 Oak Harbor Ct, Indianapolis, IN 46237
0.04
$260,900
2
2
1,513
Off Market
5220 Arling Dr, Indianapolis, IN 46237
0.08
$291,000
3
2
1,424
Recently Sold
3736 Highgate Ct, Indianapolis, IN 46237
0.08
$430,000
4
2.5
4,052
For Sale
3831 Oak Trail Dr, Indianapolis, IN 46237
0.08
$270,000
2
2
1,602
Recently Sold
5233 Rum Cherry Way, Indianapolis, IN 46237
0.09
$393,000
5
3
2,978
Recently Sold
5404 Rum Cherry Way, Indianapolis, IN 46237
0.08
$353,100
4
2.5
2,459
Off Market
5412 Rum Cherry Way, Indianapolis, IN 46237
0.09
$339,300
3
2.5
2,266
Off Market
3836 Oak Harbor Ln, Indianapolis, IN 46237
0.12
$279,500
2
2
1,585
Off Market
5162 Arling Dr, Indianapolis, IN 46237
0.12
$335,000
3
2.5
2,016
Recently Sold
5156 Arling Ct, Indianapolis, IN 46237
0.13
$339,500
3
2.5
2,479
Off Market

Local Information

  • Map ViewExplore the area around 5327 Rum Cherry Way.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2021
3,024 sqft
$131/sqft
Garage

About this House

This single-family home is located at 5327 Rum Cherry Way, Indianapolis, IN. 5327 Rum Cherry Way is in the South Emerson neighborhood in Indianapolis, IN and in ZIP code 46237. This property has 5 bedrooms, 3 bathrooms and approximately 3,024 sqft of floor space. This property has a lot size of 8712 sqft and was built in 2021.
5327 Rum Cherry Way, Indianapolis, IN 46237 is a 5 bedroom, 3 bathroom, 3,024 sqft single-family home in South Emerson, built in 2021. It last sold for $284,630 on May 21, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $395,000, with a rent estimate of $2,825/month.

Home Details for 5327 Rum Cherry Way

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 2021
Property Type / Style
Property Type: Single Family Home

Interior Features

Interior Details
Types of Rooms: Family Room
Heating & Cooling
Air ConditioningCooling System: Central

Lot Information

Lot Area: 9148 sqft

Price and Tax history

DateEventPrice
May 21, 2021
Source: MIBOR as distributed by MLS GRID #21774290
Sold
$284,630
Mar 25, 2021
Source: MIBOR as distributed by MLS GRID #21774290
Pending
$284,630
Mar 25, 2021
Source: MIBOR as distributed by MLS GRID #21774290
Listed For Sale
$284,630

Market trends in Indianapolis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$257K
$6.7KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$145
$1MoM
Available listings
4241
187MoM

Around this home

Neighborhood Overview

South Emerson
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Emerson

At least 85 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say kids play outside

  • 82 % Say it's dog friendly

  • 74 % Say yards are well-kept

  • 69 % Say there are sidewalks

  • 68 % Say there's holiday spirit

  • 62 % Say it's quiet

  • 50 % Say neighbors are friendly

  • 50 % Say people would walk alone at night

  • 45 % Say it's walkable to grocery stores

  • 42 % Say there's wildlife

  • 35 % Say it's walkable to restaurants

  • 33 % Say streets are well-lit

  • 33 % Say they plan to stay for at least 5 years

  • 18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "there is great yard space to run and play and also tons of parks to take them for walks. "
    0
    Flag
  • Trulia User
    "Not a lot of strays. Lots of friendly dogs. Low speed limits. Most of the houses have big yards. Lots of neighborhoods to walk. "
    0
    Flag
  • Trulia User
    "I’ve lived in this beautiful neighborhood for 25 years, raised our sons here. Neighbors are friendly & keep an eye out for one another. Rarely do these homes go up for sale, so there isn’t much turnover. "
    6
    Flag
  • Lalcautergomez
    "Dogs are welcome, most of the neighborhood has dogs and people walks them all the time, and most if not all pick after them "
    1
    Flag
  • Hermelindo P.
    "There is safe to live in here and people are very friendly, so far is nice and calm, no problems with the neighborhood "
    3
    Flag
  • A
    "Some crime; petty theft/ break ins... weird people knock on your door sometimes. BUT management is really nice and the maintenance team is quick and efficient. "
    4
    Flag
  • Scissorhands_888
    "Small neighborhood with two streets to enter or exit. Low incidence of crime. Neighbors watch out for each other and communicate regularly."
    37
    Flag
  • Meddie D.
    "You see dog owners walking their dogs all the time and consistently looking out for each other's pets."
    2
    Flag
  • Dedra B.
    "great..good.. well festive... nice... non violent.. friendly... nice schools.... lots of restaurants.."
    2
    Flag
  • V
    "Schools in this area lack diversity. There are a few nice restaurants and lots of medical offices conveniently located."
    1
    Flag
  • Meddie D.
    "My neighborhood needs greater access to public transportation and better lighting for the streets. The traffic lights would do better with better synchronization."
    3
    Flag
  • Jahadley317
    "This is a great, quiet little area with good schools and easy access to downtown. It is a great place to start a family. Franklin township schools are the best in the city."
    1
    Flag
  • Donna S.
    "I am in a CDI Home Retirement Community. There are very good places to walk without having to get on busy roads. Convenient shopping and eating areas near Southport and also Beech Grove."
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5327 Rum Cherry Way

  • What is 5327 Rum Cherry Way estimated to be worth?
    Trulia's estimated value for 5327 Rum Cherry Way in Indianapolis, IN is $395,000.
  • What is the price history for 5327 Rum Cherry Way?
    5327 Rum Cherry Way in Indianapolis, IN last sold for $284,630 in May 2021.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $257K. That is up $6.7K from the prior month.
  • Does 5327 Rum Cherry Way have air conditioning?
    Yes, 5327 Rum Cherry Way in Indianapolis, IN has air conditioning.
  • How big is the lot at 5327 Rum Cherry Way?
    The lot at 5327 Rum Cherry Way in Indianapolis, IN is about 0.20 acres (8,712 sq ft).

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