5001 Somerset Ln

Zionsville, IN 46077

Town of Zionsville Zionsville Community Schools

Neighborhood: Colonial Heights

Estimated value today

$750,000

Likely range $667,000 – $832,000

Last Sold May 2020: $435,000

How estimates work

Property Features

3
Bedrooms
2.5
Bathrooms
5,297
Sq Ft Total
1990
Year Built
  • Lot Size 0.922 acres
  • Above Grade 3,078 sq ft
  • Basement 1,643 sq ft (395 sq ft finished)
  • Finished Attic 576 sq ft
  • Finished Area 4,049 sq ft
  • Garage 3-car attached, 970 sq ft
  • Heating Central warm-air heat
  • Cooling Central air
  • Fireplaces 1
  • Assessor Grade C+1
  • Condition Average

Sales History

Date Event Price
May 1, 2020 Sale $435,000
Jan 31, 2017 Sale $374,500
May 22, 2013 Sale $350,000
Recorded sale prices from public records. Not every transfer is captured. Every recorded sale on Somerset Ln →

Tax & Assessment

  • Parcel ID 060826000002004006
  • Assessed Land Value $31,800
  • Assessed Improvements $626,400
  • Total Assessed Value $658,200
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 $6,751 1.08%
2024 · paid 2025 $6,645 1.14%
2023 · paid 2024 $6,183 1.11%
2022 · paid 2023 $5,935 1.14%
2021 · paid 2022 $5,202 1.20%
2020 · paid 2021 $5,135 1.18%
County tax records by assessment year; the rate is the bill as a share of that year’s assessed value.

Parcel Details

  • Deeded Acreage 0.922 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.

Topography

Level
Legal Description:
COLONIAL HEIGHTS LOT 13

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

10840 Marquette Rd

Zionsville, IN 46077
4 bd 2.5 ba 1,880 sq ft 1980 0.75 ac
Est. today $362,000
Assessed Value: $313,000
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

1089 Stanley Dr, 1.13 acres

Zionsville, IN 46077
3 bd 2 ba 1,572 sq ft 1972 1.13 ac
Est. today $460,000
Assessed Value: $397,300
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

1091 Stanley Dr

Zionsville, IN 46077
4 bd 2.5 ba 2,206 sq ft 1974 1.49 ac
Est. today $628,000
Last Sold Apr 2024: $520,000