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Single Family ResidenceResidential
Last sold for $150,000 on Oct 11, 2023

5585 PARK ELWOOD RD

RICHMOND, IN 47374
3
Beds
1
Baths
1,314 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 ac
Lot SizeThe size of the land the home sits on, from county records.
1978
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.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$150,000 · Oct 11, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$963 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$129,600 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$18,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$110,800
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$111,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$129,600

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyWAYNE
Lot (acres)The size of the land the home sits on, from county records.1.00
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
FireplaceWhether the home has a fireplace, and what kind.Yes
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

Neighborhood · ZIP 47374These 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.120
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.224
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.42

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.88%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.11%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.17%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.44,848
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.370 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$53,374
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$67,037
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.40 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

5585 Park Elwood Rd 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.

  • Smaller than 65% of homes in Wayne County
  • Has a bigger lot than 85% of homes in Richmond 47374
  • Newer than 84% of homes in Richmond 47374

How it measures up in Richmond 47374

The dot is this home. The mark in the middle is the typical home in Richmond 47374.

Living area1,314 ft²
SmallerTypical 1,456 ft²Bigger

Bigger than 39% of homes nearby

Lot size1 ac
SmallerTypical 0.23 acBigger

Bigger than 85% of homes nearby

Year built1978
OlderTypical 1952Newer

Newer than 84% of homes nearby

How 5585 Park Elwood Rd ranks against every home in each area.
MeasureThis homeRichmond 47374Wayne County
Living areabigger than1,314 ft²39% of homes35% of homes
Lot sizebigger than1 ac85% of homes75% of homes
Year builtnewer than197884% of homes80% of homes

About 5585 Park Elwood Rd

When did 5585 Park Elwood Rd, Richmond, IN last sell?

5585 Park Elwood Rd, Richmond, IN last sold on Oct 11, 2023 for $150,000, according to the county's recorded deed.

How big is 5585 Park Elwood Rd, Richmond, IN?

5585 Park Elwood Rd, Richmond, IN has 3 bedrooms, 1 bathrooms, 1,314 square feet of living space and a 1.00-acre lot.

When was 5585 Park Elwood Rd, Richmond, IN built?

5585 Park Elwood Rd, Richmond, IN was built in 1978, making it 48 years old. The building has 1 story.

How does 5585 Park Elwood Rd, Richmond, IN compare to other homes in Richmond 47374?

Among the 16,844 homes in Richmond 47374, it is bigger than 39% of them (1,314 ft² against a typical 1,456 ft²), its lot is bigger than 85% of them (1 ac against a typical 0.23 ac) and it is newer than 84% of them (1978 against a typical 1952). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5585 Park Elwood Rd, Richmond, IN?

The 2025 property tax bill for 5585 Park Elwood Rd, Richmond, IN was $963. The county assessed it at $129,600.

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