5508 Drum Rd is a 1,236 square foot house on a 4,487 square foot lot with 1.5 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $246,218.
Single-familyProperty Type
1998Year Built
4,487 sq ftLot Size
$199Est. Price/Sq.Ft.
2 car garageParking
Source:Public Records
Redfin Estimate
$246,218
$11K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 10.8% lower than the average sale price ($276K) of 6 comparable homes.
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$230,000
Est. take-home
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Market trends in 46216, IN
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-List Price
99.0%
0.7% MoM
Median sale price
$285K
$12K MoM
Avg. days on market
23d
11 days MoM
Recently sold homes
5
3 MoM
Provided by Redfin
Sale history for 5508 Drum Rd
Date
Event
Price
MIBOR as Distributed by MLS Grid #2402186
Dec 31, 2004
Listing Removed
—
Jan 13, 2004
Listed
$159,995
$129/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,664 (+0.8%)
$27,600 + $238,500
$266,100
2024
$2,643 (−1.8%)
$27,600 + $210,100
$237,700
2023
$2,693 (+6.5%)
$27,600 + $210,100
$237,700
2022
$2,529 (+16.5%)
$27,600 + $215,700
$243,300
2021
$2,172 (+7.7%)
$27,600 + $163,800
$191,400
2020
$2,016 (+19.7%)
$27,600 + $163,800
$191,400
2019
$1,685 (+6.9%)
$21,400 + $154,900
$176,300
2018
$1,576 (+5.2%)
$21,400 + $142,200
$163,600
2017
$1,498 (+0.9%)
$21,400 + $123,900
$145,300
2016
$1,485 (+6.8%)
$21,400 + $123,900
$145,300
2015
$1,390 (+1.5%)
$21,400 + $122,800
$144,200
2014
$1,369 (−12.1%)
$21,400 + $117,600
$139,000
2013
$1,557
$21,400 + $115,500
$136,900
Tax history for 5508 Drum Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,664 (+0.8%)
$27,600 + $238,500
$266,100
2024
$2,643 (−1.8%)
$27,600 + $210,100
$237,700
2023
$2,693 (+6.5%)
$27,600 + $210,100
$237,700
2022
$2,529 (+16.5%)
$27,600 + $215,700
$243,300
2021
$2,172 (+7.7%)
$27,600 + $163,800
$191,400
2020
$2,016 (+19.7%)
$27,600 + $163,800
$191,400
2019
$1,685 (+6.9%)
$21,400 + $154,900
$176,300
2018
$1,576 (+5.2%)
$21,400 + $142,200
$163,600
2017
$1,498 (+0.9%)
$21,400 + $123,900
$145,300
2016
$1,485 (+6.8%)
$21,400 + $123,900
$145,300
2015
$1,390 (+1.5%)
$21,400 + $122,800
$144,200
2014
$1,369 (−12.1%)
$21,400 + $117,600
$139,000
2013
$1,557
$21,400 + $115,500
$136,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
DP
METRO
Planned Unit Development
The planned unit development district (D-P) is established for the following
purposes: To encourage a more creative approach in land and building site planning. To encourage and efficient, aesthetic and desirable use of open space. To encourage variety in physical development pattern. To promote street layout and design that increases connectivity in a
neighborhood and improves the directness of routes for vehicles, bicycles, pedestrians, and transit on an open street and multi-modal network providing multiple routes to and from destinations.
To achieve flexibility and incentives for residential, non-residential and mixed-use developments which will create a wider range of housing types as well as amenities to meet the ever changing needs of the community. To encourage renewal of older areas in the metropolitan region where new development and restoration are needed to revitalize areas. To permit special consideration of property with outstanding features, including but not limited to historical significance, unusual topography,
environmentally sensitive areas and landscape amenities. To provide for a comprehensive review and processing of development proposals for developers and the Metropolitan Development Commission by providing for concurrent review of land use, subdivision, public improvements
and siting considerations. To accommodate new site treatments not contemplated in other kinds of
districts.
Zone overlays
Metro Context Area
May 3, 1999 • Final
Improvement location permit-1-2 family
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Sq. Ft: 1,236
Basement Type: Full
Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of Bathroom Fixtures: 12
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air
Fireplace Information
# of Fireplaces: 1
Fireplace Type: Steel
Has Fireplace
Exterior
Exterior Information
Physical Condition: Average
Construction Type: Masonry
Building Type: Single Family
Property Information
Subdivision Name: BENJAMIN SQUARE SEC 1
Living Sq. Ft: 1,236
Adjusted Gross Sq. Ft: 2,472
Ground Floor Sq. Ft: 1,236
Building Sq. Ft: 2,872
# of Stories: 1
Legal Description: BENJAMIN SQUARE SEC 1 L 62
Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 400
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 4,487
Legal Lot Number: 62
Municipality Name: CITY OF LAWRENCE
Acres: 0.103
County Use Description: ONE FAMILY DWLG ON PLAT LOT
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: 1.5
Sq. Ft.: 1,236
Stories: 1.0
Lot Size: 4,487 square feet
Style: Single Family Residential
Year Built: 1998
Year Renovated: 1998
County: Marion County
APN: 490807110059000407
Home facts updated by county records on Jul 29, 2026
Around this home
Schools
Harrison Hill Elementary School
Public 1-6 • Assigned • 0.6mi
4/10
Belzer Middle School
Public 7-8 • Assigned • 0.7mi
3/10
Lawrence Central High School
Public 9-12 • Assigned • 0.8mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46216
Average low and high temperatures (°F)
32
17
41
26
60
39
67
47
71
52
82
65
87
70
82
63
81
58
71
47
53
38
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$234,000 – $284,000
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