5002 Somerset Ln

Zionsville, IN 46077

Town of Zionsville Zionsville Community Schools

Neighborhood: Colonial Heights

Estimated value today

$618,000

Likely range $550,000 – $686,000

Assessed Value: $483,900

How estimates work
Property Features
3
Bedrooms
2.5
Bathrooms
2,584
Sq Ft Total
1985
Year Built
  • Lot Size 1.620 acres
  • Above Grade 1,933 sq ft
  • Basement 651 sq ft, unfinished
  • Finished Area 1,933 sq ft
  • Garage 2-car attached, 598 sq ft
  • Heating Geothermal or solar heat
  • Cooling Central air
  • Fireplaces 1
  • Assessor Grade C+2
  • Condition Average
Improvements on record
Improvement Built Size
Geothermal heat 1985
In-ground pool 1988 512 sq ft
Utility shed 1984 112 sq ft
Structures and site improvements on the county assessor's 2023 record.
Land on record
Classification Acreage
Homesite 1.00 ac
Residential excess acreage 0.62 ac
The assessor's 2023 land classification; acreage as recorded, not surveyed.
Sales History
No recorded sales on file for this parcel yet.
Tax & Assessment
  • Parcel ID 060826000002007006
  • Assessed Land Value $36,200
  • Assessed Improvements $447,700
  • Total Assessed Value $483,900
Estimate your bill if you bought this home → How this assessment changed from last year →
Tax bills on record
Year Bill Rate
2025 · paid 2026 $5,044 1.04%
2024 · paid 2025 $4,692 1.00%
2023 · paid 2024 $4,616 1.02%
2022 · paid 2023 $4,438 1.05%
2021 · paid 2022 $3,928 1.09%
2020 · paid 2021 $3,962 1.09%
County tax records by assessment year; the rate is the bill as a share of that year’s assessed value.
Parcel Details
  • Deeded Acreage 1.620 acres
  • Property Class 510
  • Council District 5 (Brad Burk)
Utilities
  • Water Municipal (Citizens Energy)
  • Sewer Municipal (Town of Zionsville)
  • Electric Duke Energy
Based on Town of Zionsville service-area maps.
Legal Description:
COLONIAL HEIGHTS LOT 12
Location
Zoned schools
Elementary school
Pleasant View Elementary School
(317) 873-2376
Middle school
Zionsville Middle School
(317) 873-2426
High school
Zionsville Community High School
(317) 873-3355

Based on the 2026-27 list. Assignments group by neighborhood per the ZCS list and boundary map, not surveyed lines. ZCS redistricts periodically, so confirm an address with them.

See the full attendance map →
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Internet providers
  • Fiber Metronet to 5.1 Gbps
  • Cable Spectrum to 1 Gbps
  • DSL AT&T
  • Fixed wireless T-Mobile, AT&T
Reported to the FCC for this home's census block (Dec 2025 data). Advertised top speeds, not guarantees. All Zionsville providers →
Flood zone
Zone X: minimal flood hazard
Outside the 1%- and 0.2%-annual-chance floodplains.
FEMA flood layer for Boone County (18011C), retrieved Jul 2, 2026. Reflects the parcel point, not the whole lot; informational, not a flood determination. Verify at msc.fema.gov.

Nearby homes

Colonial Heights

5018 Somerset Ln

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4 bd 2.5 ba 2,520 sq ft 1993 0.97 ac
Est. today $659,000
Assessed Value: $516,100
Colonial Heights

5040 Somerset Dr

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3 bd 2 ba 1,871 sq ft 1979 0.78 ac
Est. today $456,000
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Colonial Heights

5001 Somerset Ln

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3 bd 2.5 ba 3,078 sq ft 1990 0.92 ac
Est. today $773,000
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1089 Stanley Dr

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3 bd 2 ba 1,572 sq ft 1972 1.13 ac
Est. today $496,000
Assessed Value: $388,000
Colonial Heights

10810 Marquette Rd

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4 bd 2.5 ba 1,872 sq ft 1986 0.63 ac
Est. today $436,000
Last Sold Jan 2026: $417,500
Colonial Heights

5060 Somerset Ln

Zionsville, IN 46077
3 bd 2.5 ba 1,008 sq ft 1983 1.19 ac
Est. today $450,000
Assessed Value: $352,200