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CondominiumResidential
$201,720$155 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $205,000 on Jun 16, 2023

5408 ALLERO DR

INDIANAPOLIS, IN 46237
2
Beds
1
Baths
1,303 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1,743 ft²
Lot SizeThe size of the land the home sits on, from county records.
2002
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$202K
$194K low$209K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$205,000 · Jun 16, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,960 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$196,000 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$22,700
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$173,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$196,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$196,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
CountyMarion
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2008
Lot (acres)The size of the land the home sits on, from county records.0.04
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Arlington Elementary SchoolC+
Elementary · Grades KG–3 · 0.4 mi
H
Franklin Central High SchoolA
High · Grades 9–12 · 2.6 mi
M
Franklin Central Junior High SchoolB
Middle · Grades 7–8 · 4.4 mi

District: Franklin Township Community School Corporation

Neighborhood · ZIP 46237These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.62
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.105
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.40

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.24%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.2%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.45,004
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,029 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$76,746
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$93,081
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.41 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

5408 Allero Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 98% of homes in Galludet
  • Smaller than 94% of homes in Galludet
  • Has a smaller lot than 98% of homes in Galludet
  • Newer than 89% of homes in Marion County

What homes are worth in Indianapolis 46237

Each bar is how many homes fall in that price range. The marker is this home.

This home
$114K$542K

This home is worth more than 17% of homes in Indianapolis 46237.

How it measures up in Indianapolis 46237

The dot is this home. The mark in the middle is the typical home in Indianapolis 46237.

Estimated value$201,720
CheaperTypical $253,506Pricier

Pricier than 17% of homes nearby

Price per ft²$155
CheaperTypical $152Pricier

Pricier than 53% of homes nearby

Living area1,303 ft²
SmallerTypical 1,666 ft²Bigger

Bigger than 21% of homes nearby

Lot size1,743 ft²
SmallerTypical 0.23 acBigger

Bigger than 6% of homes nearby

Year built2002
OlderTypical 1995Newer

Newer than 78% of homes nearby

How 5408 Allero Dr ranks against every home in each area.
MeasureThis homeGalludetIndianapolis 46237Marion County
Estimated valuepricier than$201,7202% of homes17% of homes39% of homes
Price per ft²pricier than$15555% of homes53% of homes57% of homes
Living areabigger than1,303 ft²6% of homes21% of homes37% of homes
Lot sizebigger than1,743 ft²2% of homes6% of homes4% of homes
Year builtnewer than200245% of homes78% of homes89% of homes

About 5408 Allero Dr

How much is 5408 Allero Dr, Indianapolis, IN worth?

The TopHap Estimate for 5408 Allero Dr, Indianapolis, IN is $201,720 as of Sep 24, 2026. The likely range is $194,449 to $208,991. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5408 Allero Dr, Indianapolis, IN last sell?

5408 Allero Dr, Indianapolis, IN last sold on Jun 16, 2023 for $205,000, according to the county's recorded deed.

How big is 5408 Allero Dr, Indianapolis, IN?

5408 Allero Dr, Indianapolis, IN has 2 bedrooms, 1 bathrooms, 1,303 square feet of living space and a 0.04-acre lot.

When was 5408 Allero Dr, Indianapolis, IN built?

5408 Allero Dr, Indianapolis, IN was built in 2002, making it 24 years old. The building has 1 story.

What schools serve 5408 Allero Dr, Indianapolis, IN?

5408 Allero Dr, Indianapolis, IN is assigned to Arlington Elementary School (elementary), rated C+; Franklin Central High School (high), rated A; Franklin Central Junior High School (middle), rated B. All sit in Franklin Township Community School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5408 Allero Dr, Indianapolis, IN compare to other homes in Indianapolis 46237?

Among the 14,056 homes in Indianapolis 46237, it is worth more than 17% of them ($201,720 against a typical $253,506), its price per square foot is higher than 53% of them ($155 against a typical $152), it is bigger than 21% of them (1,303 ft² against a typical 1,666 ft²), its lot is bigger than 6% of them (1,743 ft² against a typical 0.23 ac) and it is newer than 78% of them (2002 against a typical 1995). Measured against all of Marion County, it is worth more than 39% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5408 Allero Dr, Indianapolis, IN?

The 2024 property tax bill for 5408 Allero Dr, Indianapolis, IN was $1,960. The county assessed it at $196,000.

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