7848 Islay Rd is a 1,870 square foot house on a 10,324 square foot lot with 1 bathroom. Based on Redfin's Indianapolis data, we estimate the home's value is $278,395.
Single-familyProperty Type
1997Year Built
10,324 sq ftLot Size
$149Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$278,395
$4,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 9.8% lower than the average sale price ($309K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$3,704 (−5.8%)
$40,700 + $264,000
$304,700
2024
$3,933 (+9.1%)
$40,700 + $256,700
$297,400
2023
$3,606 (+6.5%)
$40,700 + $256,700
$297,400
2022
$3,387 (+12.4%)
$40,700 + $235,100
$275,800
2021
$3,013 (+7.1%)
$40,700 + $183,100
$223,800
2020
$2,814 (+3.5%)
$40,700 + $183,100
$223,800
2019
$2,719 (+5.2%)
$40,700 + $167,700
$208,400
2018
$2,585 (−0.5%)
$29,200 + $171,500
$200,700
2017
$2,599 (+5.9%)
$29,200 + $164,800
$194,000
2016
$2,453 (+10.6%)
$29,200 + $164,800
$194,000
2015
$2,217 (+5.2%)
$29,200 + $154,300
$183,500
2014
$2,108 (+2.4%)
$29,200 + $149,500
$178,700
2013
$2,059
$29,200 + $147,800
$177,000
Tax history for 7848 Islay Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,704 (−5.8%)
$40,700 + $264,000
$304,700
2024
$3,933 (+9.1%)
$40,700 + $256,700
$297,400
2023
$3,606 (+6.5%)
$40,700 + $256,700
$297,400
2022
$3,387 (+12.4%)
$40,700 + $235,100
$275,800
2021
$3,013 (+7.1%)
$40,700 + $183,100
$223,800
2020
$2,814 (+3.5%)
$40,700 + $183,100
$223,800
2019
$2,719 (+5.2%)
$40,700 + $167,700
$208,400
2018
$2,585 (−0.5%)
$29,200 + $171,500
$200,700
2017
$2,599 (+5.9%)
$29,200 + $164,800
$194,000
2016
$2,453 (+10.6%)
$29,200 + $164,800
$194,000
2015
$2,217 (+5.2%)
$29,200 + $154,300
$183,500
2014
$2,108 (+2.4%)
$29,200 + $149,500
$178,700
2013
$2,059
$29,200 + $147,800
$177,000
*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
AIRSPACE SECONDARY ZONING DISTRICT
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
Airspace Secondary Zoning District
Metro Context Area
Feb 2, 2026 • Active
Heating & cooling - 1-2 family
Replace the existing furnace with a new unit of the same type.
HVAC
Apr 4, 2024 • Active
Drainage permit-1-2 family
Demolition
Grading
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
Bathroom Information
# of Full Baths: 1
# of Bathroom Fixtures: 11
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air
Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace
Exterior
Exterior Information
Physical Condition: Average
Construction Type: Brick
Building Type: Single Family
Property Information
Subdivision Name: SHANNON LAKES AT MURPHYS LANDING SEC 1
Living Sq. Ft: 1,870
Adjusted Gross Sq. Ft: 2,195
Ground Floor Sq. Ft: 1,653
Building Sq. Ft: 2,670
# of Stories: 1
Legal Description: SHANNON LAKES AT MURPHY'S LANDING SEC 1L12
Parking & Garage Information
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 475
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 10,324
Legal Lot Number: 12
Municipality Name: PERRY, OUTSIDE
Acres: 0.237
Depth Footage: 120
Front Footage: 86
County Use Description: ONE FAMILY DWLG ON PLAT LOT
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,870
Stories: 1.0
Lot Size: 10,324 square feet
Style: Single Family Residential
Year Built: 1997
Year Renovated: 1997
County: Marion County
APN: 491415110011000500
Home facts updated by county records on Jul 29, 2026
Around this home
Schools
Glenns Valley Elementary School
Public 1-5 • Assigned • 0.5mi
5/10
Perry Meridian 6th Grade Academy
Public 6 • Assigned • 1.5mi
6/10
Perry Meridian High School
Public 9-12 • Assigned • 1.3mi
6/10
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
4/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
1% 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 • 46217
Average low and high temperatures (°F)
33
18
43
26
62
40
69
48
72
54
83
66
88
72
84
66
82
60
71
49
54
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.6 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$265,000 – $321,000
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