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Single Family ResidenceResidential
$390,493$163 / 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

7042 SPELLMAN CT

INDIANAPOLIS, IN 46259
3
Beds
3 / 1
Baths
2,393 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.
0.61 ac
Lot SizeThe size of the land the home sits on, from county records.
2001
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
10
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

$390K
$376K low$405K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,018 (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.$401,800 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$59,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$342,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$401,800
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$401,800

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.17 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.34%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.0.2 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMarion
Lot (acres)The size of the land the home sits on, from county records.0.61
ConstructionThe main material the home's frame and walls are built from.Brick
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
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
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

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

E
South Creek Elementary SchoolA-
Elementary · Grades KG–3 · 1.0 mi
H
Franklin Central High School
High · Grades 9–12 · 1.0 mi
M
Franklin Central Junior High SchoolB-
Middle · Grades 7–8 · 2.6 mi

District: Franklin Township Community School Corporation

Neighborhood · ZIP 46259These 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.29
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.108
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.38

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.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.29%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.8%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.14,848
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.683 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$122,809
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$145,891
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

7042 Spellman Ct 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 more than 89% of homes in Marion County
  • Costs more per square foot than 65% of homes in Marion County
  • Bigger than 85% of homes in Marion County
  • Has a bigger lot than 92% of homes in Marion County
  • Newer than 87% of homes in Marion County

What homes are worth in Indianapolis 46259

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

This home
$160K$742K

This home is worth more than 62% of homes in Indianapolis 46259.

How it measures up in Indianapolis 46259

The dot is this home. The mark in the middle is the typical home in Indianapolis 46259.

Estimated value$390,493
CheaperTypical $357,979Pricier

Pricier than 62% of homes nearby

Price per ft²$163
CheaperTypical $157Pricier

Pricier than 60% of homes nearby

Living area2,393 ft²
SmallerTypical 2,330 ft²Bigger

Bigger than 54% of homes nearby

Lot size0.61 ac
SmallerTypical 0.34 acBigger

Bigger than 76% of homes nearby

Year built2001
OlderTypical 2001Newer

Newer than 52% of homes nearby

How 7042 Spellman Ct ranks against every home in each area.
MeasureThis homeIndianapolis 46259Marion County
Estimated valuepricier than$390,49362% of homes89% of homes
Price per ft²pricier than$16360% of homes65% of homes
Living areabigger than2,393 ft²54% of homes85% of homes
Lot sizebigger than0.61 ac76% of homes92% of homes
Year builtnewer than200152% of homes87% of homes

About 7042 Spellman Ct

How much is 7042 Spellman Ct, Indianapolis, IN worth?

The TopHap Estimate for 7042 Spellman Ct, Indianapolis, IN is $390,493 as of Sep 24, 2026. The likely range is $376,027 to $404,959. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 7042 Spellman Ct, Indianapolis, IN?

7042 Spellman Ct, Indianapolis, IN has 3 bedrooms, 3 bathrooms, 2,393 square feet of living space and a 0.61-acre lot.

When was 7042 Spellman Ct, Indianapolis, IN built?

7042 Spellman Ct, Indianapolis, IN was built in 2001, making it 25 years old. The building has 2 stories.

What schools serve 7042 Spellman Ct, Indianapolis, IN?

7042 Spellman Ct, Indianapolis, IN is assigned to South Creek Elementary School (elementary), rated A-; Franklin Central High School (high); 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 7042 Spellman Ct, Indianapolis, IN compare to other homes in Indianapolis 46259?

Among the 5,449 homes in Indianapolis 46259, it is worth more than 62% of them ($390,493 against a typical $357,979), its price per square foot is higher than 60% of them ($163 against a typical $157), it is bigger than 54% of them (2,393 ft² against a typical 2,330 ft²), its lot is bigger than 76% of them (0.61 ac against a typical 0.34 ac) and it is newer than 52% of them (2001 against a typical 2001). Measured against all of Marion County, it is worth more than 89% 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 7042 Spellman Ct, Indianapolis, IN?

The 2024 property tax bill for 7042 Spellman Ct, Indianapolis, IN was $4,018. The county assessed it at $401,800.

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