Pending

Price cut: $2.5K (8/18)

$167,500

1531 Cherry Ln, Decatur, IN 46733

3beds

1,228sqft

$1,154/mo

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Single Family Residence

Built in 1988

9,583 Square Feet Lot

$163,400 Zestimate^®

$--/sqft

$-- HOA

What's special

Generously sized bedrooms

Welcome home to this well-maintained ranch offering comfort, space, and a functional layout in a desirable neighborhood. This move-in-ready home features spacious living areas filled with natural light, a well-appointed kitchen with ample cabinetry and workspace, and generously sized bedrooms designed for everyday living. Step outside to enjoy the backyard—perfect for entertaining, relaxing, or creating your own outdoor retreat. The attached two-car garage provides plenty of room for parking and additional storage. Conveniently located near shopping, dining, schools, parks, and major roadways, this home offers the perfect combination of comfort and convenience. Don't miss your opportunity to make 1531 Cherry Lane your next home!

61 days
1,154
51

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1
Main level bedrooms: 3

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Family room

Level: Main
Area: 216
Dimensions: 18 x 12

Kitchen

Level: Main
Area: 144
Dimensions: 12 x 12

Living room

Level: Main
Area: 192
Dimensions: 12 x 16

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Microwave, Refrigerator, Gas Range
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,228
Total interior livable area: 1,228 sqft
Finished area above ground: 1,228
Finished area below ground: 0

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Features

Levels: One
Stories: 1

Lot

Size: 9,583 Square Feet
Dimensions: 75x129
Features: Level

Details

Parcel number: 010504206014.000022

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Brick, Vinyl Siding
Foundation: Slab

Condition

New construction: No
Year built: 1988

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Arnold(s)

Location

Region: Decatur

Financial & listing details

Tax assessed value: $143,400
Annual tax amount: $486
Date on market: 7/14/2026
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

$163,400

$155,000 - $172,000

$1,406/mo

Price history

Date	Event	Price
8/28/2026	Pending sale	$167,500
Source: IRMLS #202628205 Report a problem
8/18/2026	Price change	$167,500-1.5%
Source: IRMLS #202628205 Report a problem
8/14/2026	Price change	$170,000-9.1%
Source: IRMLS #202628205 Report a problem
8/12/2026	Price change	$187,000-4.1%
Source: IRMLS #202628205 Report a problem
8/6/2026	Price change	$195,000-2.5%
Source: IRMLS #202628205 Report a problem
7/31/2026	Price change	$200,000-9.1%
Source: IRMLS #202628205 Report a problem
7/25/2026	Price change	$220,000-4.3%
Source: IRMLS #202628205 Report a problem
7/15/2026	Listed for sale	$230,000
Source: IRMLS #202628205 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$465 +2%	$143,400 +9.5%
2024	$456 +2%	$130,900 +4.2%
2023	$447 +2%	$125,600 +8.7%
2022	$438 +2%	$115,500 +7.8%
2021	$429 +2%	$107,100 +6%
2020	$421 -0.2%	$101,000 -1.6%
2019	$422 -1%	$102,600 -0.7%
2018	$426 +1.9%	$103,300 +2.2%
2017	$418	$101,100 +3.3%
2016	$418 +7.3%	$97,900 +6.8%
2014	$390 -16.7%	$91,700 -3.1%
2013	$468 +2%	$94,600 +3.7%
2012	$459 -50.1%	$91,200 -9.2%
2011	$919 -0.2%	$100,400
2010	$920 +9.8%	$100,400 +1.5%
2009	$839 +27.7%	$98,900 +5%
2007	$656	$94,200 +2.5%
2006	--	$91,900 +2.7%
2005	--	$89,500