2803 E Stop 11 Rd, Indianapolis, IN 46227 Property Records

Marion County property record for 2803 E Stop 11 Rd, Indianapolis, IN 46227

Property Summary

Property Type	Apartments (5+ Units)
Details	9,288 sqft · built 1982
Lot Size	15.8 acres (690,120 sqft)
Owner	Company Name on File
Tax Bill	$198,859 (2023)
Deeds & Mortgages	May 2022 Mortgage Jan 2021 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`49-15-20-128-007.000-500`

Property Details

APN / Parcel Number

Primary APN	`49-15-20-128-007.000-500`
Alternative APN	`5007124`

Interior

Units	16 Units
Stories	2 Stories
Building Area	9,288 sqft Total Area
Gross Area	71,139 sqft

Exterior

Year Built	Built 1982
Construction Type	Wood
Lot Area	690,120 sqft (15.8 acres)

Exterior Amenities

Pool Area	1,350 sqft
Fence	Fence
Shed	1 Shed
Shed Area	32 sqft
Tennis Court	Tennis Court
Total Buildings	6 Buildings

Location & Zoning

Account Number	5007124
Old Parcel Number	5007124
Street Address	2803 E STOP 11 RD
City	INDIANAPOLIS
State	IN
Zip	46227
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	PT NW1/4 S20 T14 R4 BEG 891' W AND 50.01' SOF NE COR S 1332.88' W 352.6' TO E R/W OFPENN CENTRAL RR NWLY 1021.358' N 324.41'W
Legal Range	04
Legal Township	14
Legal Section	20
Jurisdiction	MARION IN
Township / Civil Division	PERRY
Census Block Group	3
Census Block	3001
Census Tract	381205

Owner

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

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

Owner of Record	Company Name on File
Co-owner	Verified Secondary Owner
Mailing Address	4101 CASHARD AVE, INDIANAPOLIS, IN 46203-6044
Owner Type	Company
Vesting	Estate

Deeds, Mortgages & Sale History

Date	Document
May 12, 2022	Deed of Trust, Mortgage · Commercial Mortgage MERCHANTS BANK
Jan 4, 2021	Deed of Trust, Mortgage · Commercial Mortgage MERCHANTS BANK
Dec 14, 2020	Grant Deed, Construction Loan · Line of Credit MERCHANTS BK/IN

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Dec 31, 2020
Deed Sale	Dec 31, 2020
Prior Transfer Date	Jan 27, 2011
Prior Transfer Doc	A201100009993
Record Updated	Jun 7, 2026

May 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IN
Property Address	2803 E STOP 11 RD, INDIANAPOLIS, IN 46227
Transaction Type	Mortgage
Record Updated	Jun 23, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000054927
Date	May 12, 2022
Instrument	A202200054927

Lender

Name	MERCHANTS BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Fixed Rate

January 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IN
Property Address	2803 E STOP 11 RD, INDIANAPOLIS, IN 46227
Transaction Type	Mortgage
Record Updated	Mar 3, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000000520
Date	Jan 4, 2021
Instrument	A202100000520

Lender

Name	MERCHANTS BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Fixed Rate

December 2020: Grant Deed, Construction Loan

Document Type	Grant Deed
Jurisdiction	MARION IN
Recording Date	Dec 14, 2020
Property Address	2803 E STOP 11 RD, INDIANAPOLIS, IN 46227
Document Number	0000147989
Instrument Date	Nov 23, 2020
Instrument	147989
Transaction Type	Construction Loan
Record Updated	Apr 19, 2021
Title Company	ATTORNEY ONLY

Transaction

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

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	6930 ATRIUM BOARDWALK S #100 INDIANAPOLIS IN 462502179, 100, INDIANAPOLIS, IN 46250-2179

Mortgage

Document Number	147990
Date	Dec 14, 2020
Instrument	147990

Lender

Name	MERCHANTS BK/IN
Type	Bank
Address	410 MONON BLVD # 4TH, CARMEL, IN 46032-2345

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	12 Months
Due	Dec 13, 2021

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Indiana
County	Marion County
County Subdivision	Perry Township
Consolidated City	Indianapolis City
Unified School District	Perry Township Metropolitan School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2023	$198,859.00 (+46.19%)	$7,820,800 (+47.03%) Land $1,166,900 Building $6,653,900	$7,820,800 (+47.03%) Land $1,166,900 Building $6,653,900
2022	$136,027.00	$5,319,200 Land $1,166,900 Building $4,152,300	$5,319,200 Land $1,166,900 Building $4,152,300

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

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

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

Wildfire Risk	Not rated no burnable land within ember reach

Drinking Water

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

Water System	CITIZENS WATER - INDIANAPOLIS serves 880,345 people · EPA ID IN5249004
Water Source	Surface water
Last State Inspection	May 2024
Lead	3 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None 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 384 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
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

May also be available: T-Mobile USA.

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