5040 Somerset Dr

Zionsville, IN 46077

Town of Zionsville Zionsville Community Schools

Neighborhood: Colonial Heights

Estimated value today

$411,000

Likely range $366,000 – $457,000

Assessed Value: $355,200

How estimates work

Property Features

3
Bedrooms
2
Bathrooms
1,871
Sq Ft Total
1979
Year Built
  • Lot Size 0.779 acres
  • Above Grade 1,871 sq ft
  • Basement None on record
  • Garage 2-car attached, 550 sq ft
  • Heating Central warm-air heat
  • Cooling Central air
  • Fireplaces 1
  • Assessor Grade C+1
  • Condition Average

Improvements on record

Improvement Built Size
Detached garage 2011 187 sq ft
Utility shed 2008 224 sq ft
Structures and site improvements on the county assessor's 2026 record.

Sales History

No recorded sales on file for this parcel yet.

Tax & Assessment

  • Parcel ID 060835000016006006
  • Assessed Land Value $31,100
  • Assessed Improvements $324,100
  • Total Assessed Value $355,200
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 $3,470 0.97%
2024 · paid 2025 $3,848 1.07%
2023 · paid 2024 $3,773 1.10%
2022 · paid 2023 $3,607 1.12%
2021 · paid 2022 $3,231 1.17%
2020 · paid 2021 $3,186 1.17%
County tax records by assessment year; the rate is the bill as a share of that year’s assessed value.

Parcel Details

  • Deeded Acreage 0.779 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 and development filings.
Legal Description:
COLONIAL HEIGHTS LOT 10

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; confirm with ZCS.

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

Zionsville, IN 46077
4 bd 2.5 ba 2,520 sq ft 1993 0.97 ac
Est. today $650,000
Assessed Value: $561,500
Colonial Heights

5060 Somerset Ln

Zionsville, IN 46077
3 bd 2.5 ba 1,008 sq ft 1983 1.19 ac
Est. today $433,000
Assessed Value: $374,300
Colonial Heights

5080 Somerset Ln

Zionsville, IN 46077
3 bd 2.5 ba 1,922 sq ft 1987 1.26 ac
Est. today $539,000
Assessed Value: $465,800
Colonial Heights

5002 Somerset Ln

Zionsville, IN 46077
3 bd 2.5 ba 1,933 sq ft 1985 1.62 ac
Est. today $528,000
Assessed Value: $456,300
Colonial Heights

10810 Marquette Rd

Zionsville, IN 46077
4 bd 2.5 ba 1,872 sq ft 1986 0.63 ac
Est. today $448,000
Last Sold Jan 2026: $417,500
Colonial Heights

10820 Marquette Rd

Zionsville, IN 46077
4 bd 2.5 ba 2,098 sq ft 1986 0.65 ac
Est. today $444,000
Assessed Value: $383,800