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Single Family ResidenceResidential
$573,420$180 / 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 93How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $560,000 on Oct 30, 2025

7240 ELM RIDGE DR

INDIANAPOLIS, IN 46236
4 / 1
Baths
3,181 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.
0.51 ac
Lot SizeThe size of the land the home sits on, from county records.
1997
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
3
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$573K
$534K low$612K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$560,000 · Oct 30, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,475 (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.$497,600 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$60,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$437,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$497,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$497,600

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.0.51
ConstructionThe main material the home's frame and walls are built from.Brick
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

Transaction History(3)

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
Sunnyside Elementary SchoolC
Elementary · Grades 1–6 · 0.8 mi
M
Fall Creek Valley Middle SchoolB-
Middle · Grades 7–8 · 1.4 mi
H
Lawrence North High SchoolC+
High · Grades 9–12 · 3.0 mi

District: Lawrence Township Metropolitan School District

Neighborhood · ZIP 46236These 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.35
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.118
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.34

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.34%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.5.8%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.30,070
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,319 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$119,056
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$142,831
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.42 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

7240 Elm Ridge 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 more than 96% of homes in Marion County
  • Costs more per square foot than 78% of homes in Marion County
  • Bigger than 95% of homes in Marion County
  • Has a bigger lot than 89% of homes in Marion County
  • Newer than 81% of homes in Marion County

What homes are worth in Indianapolis 46236

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

This home
$183K$1.2M

This home is worth more than 86% of homes in Indianapolis 46236.

How it measures up in Indianapolis 46236

The dot is this home. The mark in the middle is the typical home in Indianapolis 46236.

Estimated value$573,420
CheaperTypical $341,304Pricier

Pricier than 86% of homes nearby

Price per ft²$180
CheaperTypical $171Pricier

Pricier than 61% of homes nearby

Living area3,181 ft²
SmallerTypical 2,060 ft²Bigger

Bigger than 85% of homes nearby

Lot size0.51 ac
SmallerTypical 0.3 acBigger

Bigger than 83% of homes nearby

Year built1997
OlderTypical 1992Newer

Newer than 79% of homes nearby

How 7240 Elm Ridge Dr ranks against every home in each area.
MeasureThis homeIndianapolis 46236Marion County
Estimated valuepricier than$573,42086% of homes96% of homes
Price per ft²pricier than$18061% of homes78% of homes
Living areabigger than3,181 ft²85% of homes95% of homes
Lot sizebigger than0.51 ac83% of homes89% of homes
Year builtnewer than199779% of homes81% of homes

About 7240 Elm Ridge Dr

How much is 7240 Elm Ridge Dr, Indianapolis, IN worth?

The TopHap Estimate for 7240 Elm Ridge Dr, Indianapolis, IN is $573,420 as of Jul 14, 2026. The likely range is $534,440 to $612,400. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7240 Elm Ridge Dr, Indianapolis, IN last sell?

7240 Elm Ridge Dr, Indianapolis, IN last sold on Oct 30, 2025 for $560,000, according to the county's recorded deed.

How big is 7240 Elm Ridge Dr, Indianapolis, IN?

7240 Elm Ridge Dr, Indianapolis, IN has 4 bathrooms, 3,181 square feet of living space and a 0.51-acre lot.

When was 7240 Elm Ridge Dr, Indianapolis, IN built?

7240 Elm Ridge Dr, Indianapolis, IN was built in 1997, making it 29 years old. The building has 2 stories.

What schools serve 7240 Elm Ridge Dr, Indianapolis, IN?

7240 Elm Ridge Dr, Indianapolis, IN is assigned to Sunnyside Elementary School (elementary), rated C; Fall Creek Valley Middle School (middle), rated B-; Lawrence North High School (high), rated C+. All sit in Lawrence Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 7240 Elm Ridge Dr, Indianapolis, IN compare to other homes in Indianapolis 46236?

Among the 9,854 homes in Indianapolis 46236, it is worth more than 86% of them ($573,420 against a typical $341,304), its price per square foot is higher than 61% of them ($180 against a typical $171), it is bigger than 85% of them (3,181 ft² against a typical 2,060 ft²), its lot is bigger than 83% of them (0.51 ac against a typical 0.3 ac) and it is newer than 79% of them (1997 against a typical 1992). Measured against all of Marion County, it is worth more than 96% 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 7240 Elm Ridge Dr, Indianapolis, IN?

The 2024 property tax bill for 7240 Elm Ridge Dr, Indianapolis, IN was $5,475. The county assessed it at $497,600.

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