1520 E 87th St, Indianapolis, IN 46240 Property Records

Marion County property record for 1520 E 87th St, Indianapolis, IN 46240

Property Summary

Property TypeSingle Family Home
Details4 bd · 2 ba · 3,140 sqft · built 1955
Lot Size0.559 acres (24,393 sqft)
OwnerIndividual Name on Record
Tax Bill$2,305 (2023)
Deeds & MortgagesOct 2022 Mortgage
May 2025 Sale & Mortgage
+ 2 more
Flood ZoneZone X (minimal risk)
APN49-03-13-122-016.000-800

Property Details

APN / Parcel Number

Primary APN49-03-13-122-016.000-800
Alternative APN
  • 8036183

Interior

Bedrooms4 Beds
Full Baths2 Baths
Half Baths1 Half Bath
Plumbing Fixtures10 Plumbing Fixtures
Total Rooms9 Rooms
Stories1 Story
Building Area3,140 sqft Living Area
1st Floor Area3,140 sqft
Family RoomFamily Room
Fireplaces1 Fireplace
FireplaceFireplace

Exterior

Year BuiltBuilt 1955
Effective Year BuiltEffective 1961
Construction TypeBrick
Roof MaterialAsphalt
Lot Area24,393 sqft (0.559 acres)
Garage TypeAttached
Garage Area440 sqft
Parking Spaces2 Parking Spaces
Deck Area390 sqft
Shed1 Shed
Shed Area120 sqft

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemHot Water

Location & Zoning

Account Number8036183
Old Parcel Number8036183
Street Address1520 E 87TH ST
CityINDIANAPOLIS
StateIN
Zip46240-1915
Property CategoryResidential
Property TypeResidential > Single Family > Home
Legal Description140FT W LINE 174FT S LINE BEG 734.5FT E & 818.67FTN OF SW COR SE1-4 S13 T17 R3 0.559AC
Legal Range03
Legal Township17
Legal Section13
JurisdictionMARION IN
Township / Civil DivisionWASHINGTON
Census Block Group1
Census Block1002
Census Tract320206

Owner

Source: Marion County records, as of May 10, 2024

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordIndividual Name on Record
Co-ownerCo-owner on Record
Mailing Address1520 E 87TH ST, INDIANAPOLIS, IN 46240-1915
OccupancyOwner Occupied
Owner TypeIndividual

Deeds, Mortgages & Sale History

DateDocument
Oct 4, 2022Deed of Trust, Mortgage · Conventional Mortgage
FORUM CU
May 14, 2025Warranty Deed, Transfer · FHA Mortgage
UNITED WHOLESALE MORTGAGE
Feb 21, 2018Deed of Trust, Mortgage
FORUM CU
Feb 8, 2018Deed of Trust, Mortgage
FORUM CU

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleJun 1, 2015
Deed SaleJun 1, 2015
Prior SaleDec 6, 2006
Deed Document Number0000050708
Record UpdatedSep 20, 2026

October 2022: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARION IN
Property Address1520 E 87TH ST, INDIANAPOLIS, IN 46240-1915
Transaction TypeMortgage
Record UpdatedJun 23, 2026

Transferred To (Grantee/Buyer)

NameVerified Name
InvestorPossibly a Property Investor

Mortgage

Document Number0000109454
DateOct 4, 2022
InstrumentA202200109454
Lender
NameFORUM CU
TypeCredit Union
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term204 Months
DueOct 3, 2039
Interest
Rate TypeFixed Rate

May 2025: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMARION IN
Recording DateMay 14, 2025
Property Address1520 E 87TH ST, INDIANAPOLIS, IN 46240-1915
Document Number0000039427
Instrument DateMay 9, 2025
InstrumentA202500039427
Transaction TypeTransfer
Record UpdatedJun 23, 2026
Title CompanyFSH

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$0.00
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address1520 E 87TH ST, INDIANAPOLIS, IN 46240-1915

Mortgage

Document Number0000039428
DateMay 14, 2025
InstrumentA202500039428
Lender
NameUNITED WHOLESALE MORTGAGE
TypeMortgage Company
Agreement
TypeFHA Mortgage
AmountAmount Recorded
Term361 Months
DueJun 1, 2055

February 2018: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARION IN
Property Address1520 E 87TH ST, INDIANAPOLIS, IN 46240-1915
Document Number0000018483
Instrument DateFeb 21, 2018
Transaction TypeMortgage
Record UpdatedMar 14, 2018
Title CompanyOTHER

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipHusband and Wife
Address1520 E 87TH ST INDIANAPOLIS IN 462401915, INDIANAPOLIS, IN 46240-1915

Mortgage

Document Number0000018483
DateFeb 26, 2018
Instrument18483
Lender
NameFORUM CU
TypeCredit Union
AddressFISHERS, IN 46038
Agreement
AmountAmount Recorded
Term204 Months
DueFeb 25, 2035

February 2018: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARION IN
Property Address1520 E 87TH ST, INDIANAPOLIS, IN 46240-1915
Document Number0000014804
Instrument DateFeb 8, 2018
Transaction TypeMortgage
Record UpdatedFeb 20, 2018

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipHusband and Wife
Address1520 E 87TH ST INDIANAPOLIS IN 462401915, INDIANAPOLIS, IN 46240-1915

Mortgage

Document Number0000014804
DateFeb 14, 2018
Instrument14804
Lender
NameFORUM CU
TypeCredit Union
AddressFISHERS, IN 46038
Agreement
AmountAmount Recorded
Term360 Months
DueFeb 13, 2048
Interest
Rate TypeAdjustable Rate
Rate3.75%

Tax Assessment & Valuation

Source: Marion County assessment roll, as of July 1, 2023

Property Jurisdictions

TypeName
StateIndiana
CountyMarion County
County SubdivisionWashington Township
Consolidated CityIndianapolis City
Unified School DistrictWashington Township Metropolitan School District (KG - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2023$2,305.00 (-29.29%)$199,000 (-18.71%) Land $36,500 Building $162,500$199,000 (-18.71%) Land $36,500 Building $162,500
2022$3,260.00 (+13.79%) Homeowner's exemption$244,800 Land $36,500 Building $208,300$244,800 Land $36,500 Building $208,300
2021$2,865.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective June 7, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 8 (10% premium discount)
Nearby Flood Policies4 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCITIZENS WATER - INDIANAPOLIS
serves 880,345 people · EPA ID IN5249004
Water SourceSurface water
Last State InspectionMay 2024
Lead3 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 135 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Metronet
Fiber
5,120 / 5,120
AT&T
Fiber · Fixed Wireless · DSL in parts of the area
5,000 / 5,000
Xfinity
Cable
2,000 / 250
Verizon
Fixed Wireless
1,000 / 75
T-Mobile
Fixed Wireless
100 / 20

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