5040 Allisonville Rd, Unit E

Indianapolis, IN 46205

$130,000
Price
2
Beds
1,347 Sq. Ft.
$97 / Sq. Ft.
1,347
Sq. Ft.
$97
per Sq. Ft.

Description

This condominium offers an inviting home that is ready to move in. The allure of this property is magnified by its water aspect, where the gentle reflections dance and shimmer, creating a serene backdrop to daily life. Imagine the calming effect of this vista, providing a tranquil escape from the hustle and bustle. With a lot area of 3306 square feet, this condominium, constructed in 1965, presents a unique opportunity to own a piece of Indianapolis history. This condominium offers an opportunity...This condominium offers an inviting home that is ready to move in. The allure of this property is magnified by its water aspect, where the gentle reflections dance and shimmer, creating a serene backdrop to daily life. Imagine the calming effect of this vista, providing a tranquil escape from the hustle and bustle. With a lot area of 3306 square feet, this condominium, constructed in 1965, presents a unique opportunity to own a piece of Indianapolis history. This condominium offers an opportunity to embrace a lifestyle of comfort and convenience. Priced to sell with all hardwood flooring in all rooms. Beautiful lake view from living room and outdoor balcony. Priced to sell!
  1. Listed by Steve Shobe • Shobe & Boards Co., REALTORS

Property Details for 5040 Allisonville Road, Unit E

Architectural Style
Traditional
Subdivision Name
Heron Lake
Township
Washington
Waterfront Features
Waterfront
Waterfront
Yes
LISTING UPDATED: 12/05/2025 05:41 PM

Property Details for 5040 Allisonville Road, Unit E

StatusActive
MLS #22075560
Days on Market22
Taxes$1,262 semi-annually
HOA Fees$340 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1965
CountyMarion County

Location

Listing Courtesy of Shobe & Boards Co., REALTORS
Add your commute

Building Information for 5040 Allisonville Road, Unit E

Building/Complex5040 Allisonville RdFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built1965

Payment Calculator

$1,193 per month

30 year fixed, 6.28% Interest

Principal and Interest

$642

Property Taxes

$210

HOA Dues

$340

The Payment Calculator is for illustrative purposes only.

Property Information for 5040 Allisonville Road, Unit E

Summary
Location and General Information
  • City: Indianapolis
  • Condo Description Location: Upper Level
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46205
  • Postal Code Plus4: 1530
  • State Or Province: IN
  • Unit Number: E
  • View: Lake, Water
  • View: Yes
Taxes and HOA Information
  • Attic YN: Yes
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Cooling, Common Heat, Entrance Common, Insurance, Lawncare
  • Association Fee: $340
  • Parcel Number: 490708104041000800
  • Semi Annual Property Tax Amt: 1262
  • Tax Exemption: None
  • Tax Year: 2024
  • TaxLot: 2
  • Association Phone: 317-570-4358
School Information
  • School District: MSD Washington Township
Parking
  • Garage YN: No
  • Garage SqFt: 0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Condo Type: Horizontal
  • Lifestyles: Walk Up
  • Lot Size Square Feet: 3306.0
  • Lot Size Acres: 0.08
  • Main Level SqFt: 1347
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 1347.0
  • Sq Ft Total: 1347.0
  • Year Built Numeric: 1965
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Common Walls: 1 Common Wall
  • DPRYN: Yes
  • FHA Certified: No
  • Legal Subdivision: Heron Lake Horizontal Property Regime5040 E Allisonville Rd Unit E (Bldg 2) & .6383%Int In Common Areas
  • Ownership Type: Horizontal Prop Regime
  • Photos Count: 12
  • Property Attached: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Transaction Type: Sale
Utilities
  • Solid Waste: No
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Association Amenities: Insurance
  • Construction Materials: Brick
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Refrigerator, Dishwasher
  • Areas Interior: Living Room Formal
  • Basement YN: No
  • Cooling: Central Air
  • Eating Area: Dining Combo/Kitchen
  • Floor Number: E
  • Heating: Electric, Forced Air
  • Interior Features: Breakfast Bar, Paddle Fan, Hardwood Floors, Hi-Speed Internet Availbl
  • Levels: One
  • Room List: Living Room, Dining Room, Kitchen, Primary Bedroom, Bedroom 2
  • Room and Features: Living Room-Main, Dining Room-Main, Kitchen-Main, Primary Bedroom-Main, Bedroom 2-Main
  • Main Level Bedrooms: 2
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 5
  • Rooms Total MU: 5
  • Total Rooms: 5
Room 1
  • Room Level: Main
  • Room Dimensions: 15x17
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 10x12
  • Room Type: Dining Room
Room 3
  • Room Level: Main
  • Room Dimensions: 07x09
  • Room Type: Kitchen
Room 4
  • Room Level: Main
  • Room Dimensions: 11x15
  • Room Type: Primary Bedroom
Room 5
  • Room Level: Main
  • Room Dimensions: 11x12
  • Room Type: Bedroom 2
Bathrooms
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Count: 2
  • Full Baths Basement: 0
  • Full Baths Main: 2
  • Full Baths MU: 2
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 2
  • Bedrooms MU: 2
  • Bedrooms Total: 2

Property History for 5040 Allisonville Road, Unit E

DateEvent & SourcePriceAppreciation
Dec 2, 2025

Listed (Active)

MIBORMLS #22075560

$130,000—
Apr 7, 2011

Sold (Public Record)

Public Record #310064828

$25,000

-50.0% / yr

Dec 9, 2009

Sold (Public Record)

Public Record #291014103

$62,650—
DateEvent & SourcePrice
12/02/2025

Listed (Active)

MIBORMLS #22075560

$130,000
04/07/2011

Sold (Public Record)

Public Record #310064828

$25,000

-50.0% / yr

12/09/2009

Sold (Public Record)

Public Record #291014103

$62,650

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5040 Allisonville Road, Unit E

Taxable ValueLand$28,300Additions$71,100Total$99,400
Tax Record2024$2,524 ($210 / month)
Home Facts
Beds0Lot Size3,306 SqFtStyleCondominiumYear Built1965CountyMARIONAPN49-07-08-104-041.000-800

Schools near 5040 Allisonville Road, Unit E

This home is within M S D Washington Township.
Rating
School
Type
Grades
Distance
Clearwater Elementary School
Public - K to 5
Eastwood Middle School
Public - 6 to 8
North Central High School
Public - 9 to 12
J Everett Light Career Center
Public - 6 to 12
Rating
School
Distance
Clearwater Elementary School
PublicK to 5

Eastwood Middle School
Public6 to 8

North Central High School
Public9 to 12

J Everett Light Career Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5040 Allisonville Road, Unit E, Indianapolis, IN 46205

5040 Allisonville Road, Unit E is a condo for sale in Indianapolis, IN 46205. This property was listed for sale on December 2, 2025 by Shobe & Boards Co., REALTORS, it's currently listed at $130,000. It has been on the market for a total of 22 days and was last sold on April 7, 2011. This listing's school district is M S D Washington Township. Nearby schools include Clearwater Elementary School, Eastwood Middle School and North Central High School. 5040 Allisonville Road, Unit E is a 2-bed, 2-bath, 1,347 sqft condo built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Shobe & Boards Co., REALTORS

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/24/2025 03:22 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.