541 E Sherman St, Marion, IN 46952
Property image
Property image
OFF MARKET

541 E Sherman St
Marion, IN 46952

Northeast Marion
  • 3 Beds
  • 1 Bath
  • 1,290 sqft

$91,200

Trulia Estimate
as of Jul 23, 2026
Est. Refi. Payment $591/mo*
Refinance Your Home

$91,200

Trulia Estimate
as of Jul 23, 2026
Est. Refi. Payment $591/mo*
Refinance Your Home
3 Beds
1 Bath
1,290 sqft

Local Information

  • Map ViewExplore the area around 541 E Sherman St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1915
Living Area
1,290 sqft
Price/Sqft
$71
Parking
Garage

Description

This home is a Real Estate Owned (REO)/Post Foreclosure. Once a lender has foreclosed on a property it is soon put up for public auction. If bids fall short of the asking price the bank will buy back the home and attempt to sell it on the open market. However, lenders are not real estate agents, meaning that they will often accept offers 30 to 60 percent less than market value!
541 E Sherman St, Marion, IN 46952 is a 3 bedroom, 1 bathroom, 1,290 sqft single-family home in Northeast Marion, built in 1915. It last sold for $68,420 on May 27, 2009. It is currently off market. The Trulia Estimate is $91,200, with a rent estimate of $1,170/month.

Home Details for 541 E Sherman St

Interior Features

Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 5

Exterior Features

Exterior Home Features
Roof: OtherFoundation Type: Crawl Raised
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1915
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 7000 sqft

Price History for 541 E Sherman St

DatePriceEventSource
09/20/2009$31,800ListingRemovedAgent Provided
06/27/2009$31,800Listed For SaleAgent Provided
05/27/2009$68,420Sold
N/A

Market trends in Marion

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$153K
$3.15KMoM
Sale-to-List Price
99.2%
1.6%MoM
Price per sq ft
$103
$7MoM
Available listings
148
7MoM
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Property Tax and Assessment

Year2025
Tax$1,204
Assessment$77,000
Home facts updated by county records

Comparable Sales for 541 E Sherman St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
528 E Sherman St, Marion, IN
0.05
Single-Family Home
$65,000
09/25/25
3
1
1,452
526 E Marshall St, Marion, IN
0.03
Single-Family Home
$128,000
11/19/25
2
1
1,008
510 E Grant St, Marion, IN
0.19
Single-Family Home
$47,000
05/11/26
4
1
1,656
612 E Bradford St, Marion, IN
0.13
Single-Family Home
$49,900
08/22/25
2
1
825
730 E Sherman St, Marion, IN
0.26
Single-Family Home
$78,000
12/12/25
2
1
1,536
518 E Marshall St, Marion, IN
0.04
Single-Family Home
$100,000
12/12/25
2
1.5
1,267
425 E Bradford St, Marion, IN
0.17
Single-Family Home
$45,000
12/31/25
2
1
864
832 E Sherman St, Marion, IN
0.38
Single-Family Home
$80,000
09/05/25
3
1
848
416 E Bradford St, Marion, IN
0.17
Single-Family Home
$76,200
05/18/26
2
1
816
626 E Swayzee St, Marion, IN
0.18
Single-Family Home
$109,000
02/23/26
2
1
1,056

Nearby homes

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Assigned Schools

These are the assigned schools for 541 E Sherman St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Northeast Marion
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Northeast Marion

At least 1 Trulia users voted on each feature.

  • 100 % Say car is needed

  • 100 % Say it's dog friendly

  • 100 % Say there's wildlife

  • 100 % Say there are sidewalks

  • 100 % Say parking is easy

  • 75 % Say kids play outside

  • 67 % Say they plan to stay for at least 5 years

  • 67 % Say yards are well-kept

  • 60 % Say streets are well-lit

  • 60 % Say there's holiday spirit

  • 58 % Say neighbors are friendly

  • 50 % Say it's walkable to restaurants

  • 50 % Say it's quiet

  • 33 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "downtown Marion, the river and more. I really like the place and the neighborhood is nice, I'm looking for a dog friendly place, my family lives in the area. "
    2
    Flag
  • Hollyrandolph82
    "Many ppl in my neighborhood own dogs. It is a dog friendly space. You can walk your dog in the field or track around the neighborhood school."
    14
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

26 pet-friendly rentals in Marion, IN

Explore by feature - Garage

12 rentals with a garage in Marion, IN

Explore by feature - Air Conditioning

44 rentals with air conditioning in Marion, IN

Explore by feature - Washer/dryer

27 rentals with a washer/dryer in Marion, IN

Homes for sale near 541 E Sherman St

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Off Market Homes Near 541 E Sherman St

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