5550 Rum Cherry Way, Indianapolis, IN 46237
OFF MARKET

$354,400

Trulia Estimate
  • 5 Beds
  • 3.5 Baths
  • 3,446 sqft (on 0.35 acres)

5550 Rum Cherry Way, Indianapolis, IN 46237

South Emerson
Est. Refi. Payment $2,316/mo*
Refinance Your Home
Currently Off Market - Sold Aug 31, 2023 for $305,000

Home Value

Trulia Estimate
$354K
Since last month
Decreased$1K (-0.4%)
Since last year
Increased$14K (+4.1%)
Since last sale
Increased$50K (+16.4%)
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 increased by +95% in the last 10 years
MonthEstimated value
2026
September 2026$355K
August 2026$357K
July 2026$356K
June 2026$357K
May 2026$356K
April 2026$353K
March 2026$347K
February 2026$345K
January 2026$341K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
5602 Rum Cherry Way, Indianapolis, IN
0.02
Single-Family Home
$300,000
06/26/26
4
2
1,512
5555 Cherry Field Dr, Indianapolis, IN
0.05
Single-Family Home
$285,000
06/26/26
3
2.5
1,636
5516 Cherry Birch Dr, Indianapolis, IN
0.14
Single-Family Home
$285,000
06/30/26
3
2.5
1,865
5233 Rum Cherry Way, Indianapolis, IN
0.29
Single-Family Home
$393,000
06/22/26
5
3
2,978
3902 Jekyll Ct, Indianapolis, IN
0.16
Single-Family Home
$310,000
12/31/25
3
2.5
2,571
3902 Cherry Blossom Blvd, Indianapolis, IN
0.13
Single-Family Home
$284,900
07/10/26
4
2
1,525
5623 Cherry Birch Dr, Indianapolis, IN
0.16
Single-Family Home
$334,900
06/18/26
4
2
2,113
5162 Arling Dr, Indianapolis, IN
0.29
Single-Family Home
$335,000
07/20/26
3
2.5
2,016
3512 Royal Oak Dr, Indianapolis, IN
0.19
Single-Family Home
$180,600
03/12/26
4
2.5
1,468

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
5602 Rum Cherry Way, Indianapolis, IN 46237
0.02
$300,000
4
2
1,512
Recently Sold
5555 Cherry Field Dr, Indianapolis, IN 46237
0.05
$285,000
3
2.5
1,636
Recently Sold
3809 Cherry Blossom Blvd, Indianapolis, IN 46237
0.06
$283,800
3
2.5
1,799
Off Market
3810 Cherry Blossom Blvd, Indianapolis, IN 46237
0.09
$290,000
3
2
1,596
Recently Sold
3902 Cherry Blossom Blvd, Indianapolis, IN 46237
0.13
$284,900
4
2
1,525
Recently Sold
5516 Cherry Birch Dr, Indianapolis, IN 46237
0.14
$285,000
3
2.5
1,865
Recently Sold
5508 Cherry Birch Dr, Indianapolis, IN 46237
0.14
$264,600
3
2
1,426
Off Market
5412 Rum Cherry Way, Indianapolis, IN 46237
0.14
$339,300
3
2.5
2,266
Off Market
5703 S Kealing Ave, Indianapolis, IN 46227
0.12
$281,400
2
1
-
Recently Sold
3920 Cherry Blossom Blvd, Indianapolis, IN 46237
0.15
$350,500
4
2.5
3,016
Off Market
5524 S Kealing Ave, Indianapolis, IN 46227
0.13
$223,300
3
1.5
1,092
Off Market

Local Information

  • Map ViewExplore the area around 5550 Rum Cherry Way.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1997
0.35 acre lot
3,446 sqft
$103/sqft
2 Car Garage
HOA $21/mo

About this House

What's unique:Expansive fenced yard
This exquisite residence features five spacious bedrooms, each with its own unique charm and character. The gaming zone is truly exceptional, providing endless hours of entertainment for all ages. The finished basement is impeccably designed and adds an additional layer of living space to the home. The expansive fenced yard is perfect for outdoor activities and provides a safe and secure environment for children and pets to play. With its ideal location, this home is perfect for hosting guests and entertaining friends and family. A MUST SEE!
5550 Rum Cherry Way, Indianapolis, IN 46237 is a 5 bedroom, 4 bathroom, 3,446 sqft single-family home in South Emerson, built in 1997. It last sold for $305,000 on Aug 31, 2023 (2% above the $299,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $354,400, with a rent estimate of $2,939/month.
Last check for updates: about 5 hours ago
Listed by Michelle Chandler, (317) 413-8352
Keller Williams Indy Metro S
Bryan Williams
Keller Williams Indy Metro S
Bought with: Deonte Brown, eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID, MLS#21932054

Home Details for 5550 Rum Cherry Way

Interior Features

Interior Details
Basement: Egress Window(s),Finished,Finished Ceiling,Finished Walls,FullNumber of Rooms: 14Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Dining Room, Family Room, Great Room, Kitchen, Office, Play Room
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 3446 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Disposal, MicroHood, Electric Oven, RefrigeratorDishwasherDisposalLaundry: Main LevelRefrigerator
Heating & Cooling
Heating: Electric,Forced AirHas CoolingHas HeatingHeating Fuel: Electric
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Fencing: Fence Full Rear, PrivacyFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached
Finished Area
Finished Area (below surface): 1066 Square Feet

Days on Market

Cumulative Days on Market: 59

Property Information

Year Built
Year Built: 1997
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family Residence
Building
Construction Materials: Vinyl With BrickNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 491505106016000500

Price & Status

Price
List Price: $299,000
Status Change & Dates
Off Market Date: Tue Aug 01 2023Possession Timing: Negotiable

Active Status

MLS Status: Sold

Location

Direction & Address
City: IndianapolisCommunity: Cherry Tree
School Information
Elementary School: Mary Bryan Elementary SchoolJr High / Middle School: Southport Middle SchoolHigh School: Southport High SchoolHigh School District: Perry Township Schools

Building

Building Area
Building Area: 3446 Square Feet

Community

Community Features: Playground
Other
Playground

HOA

Has an HOAHOA Fee: $250/Annually

Lot Information

Lot Area: 0.35 acres

Miscellaneous

BasementMls Number: 21932054

Additional Information

Playground

Price and Tax history

DateEventPrice
Aug 31, 2023
Source: MIBOR as distributed by MLS GRID #21932054
Sold
$305,000
Jul 18, 2023
Source: MIBOR as distributed by MLS GRID #21932054
Pending
$299,000
Jul 15, 2023
Source: MIBOR as distributed by MLS GRID #21932054
Listed For Sale
$299,000
Jun 26, 2023
Source: MIBOR as distributed by MLS GRID #21921656
ListingRemoved
Jun 8, 2023
Source: MIBOR as distributed by MLS GRID #21921656
PriceChange
$359,900
Price decreased by 4%

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

Based on information submitted to the MLS GRID as of 2026-09-24 14:18:17 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 5550 Rum Cherry Way

  • What is 5550 Rum Cherry Way estimated to be worth?
    Trulia's estimated value for 5550 Rum Cherry Way in Indianapolis, IN is $354,400.
  • What is the price history for 5550 Rum Cherry Way?
    5550 Rum Cherry Way in Indianapolis, IN last sold for $305,000 in August 2023.
  • 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 5550 Rum Cherry Way have air conditioning?
    Yes, 5550 Rum Cherry Way in Indianapolis, IN has air conditioning.
  • Does 5550 Rum Cherry Way have laundry facilities?
    Yes, 5550 Rum Cherry Way in Indianapolis, IN has laundry facilities.

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