A mostly one-story neighborhood built from the late 1980s into the 1990s, priced near $202,500. Here is what homes sell for, how long they take, and what to check first.
Start with the map. Filter by price, beds, and neighborhood.
Cherry Lake is in Warren Township, in the Metropolitan School District of Warren Township per MLS records. The homes that sold here in the last two years were mostly built between 1986 and 1999, mostly one-story homes.
The MLS shows 14 closings in the last 12 months against 11 the year before, at a median of $202,500, down from $215,000. Homes went under contract in a median of 26.5 days, up from 3, and closed at 96.6% of list on average, with 50% closing at or above list.
What you are actually buying: a smaller one-story house, usually around 1,487 square feet and roughly 35 years old. What you are giving up: speed. Median days on market rose from 3 to 26.5, so ask for comparable sales before you offer.
Every search below is live MLS data. Save one and you'll get new matches by email the morning they list.
Dues, size range and a thin sample.
Association dues are not part of the MLS data behind this page, so I am not quoting a number. Ask the listing agent for the current dues and what they cover, then confirm with the association itself.
See homes →Homes here ran from about 1,219 to 1,667 square feet in the last two years, so a price per square foot of $146 is a better comparison than the sale price alone.
See homes →Homes here were built between about 1986 and 1999, so check the year built of any comparable you rely on.
See homes →At 14 sales in 12 months, one or two unusual closings can move the median. I pull actual comparables for any specific house.
See homes →Cherry Lake sales in the MLS list Metropolitan School District of Warren Township as the district. Which elementary, middle and high school an address feeds into can change with boundary updates, so confirm the assignment for the specific address with the district.
Voters approved an operating referendum in May 2023 at up to 30 cents per $100 of assessed value for eight years, about $88 million in total, with about 52% of the vote. That rate is already on the tax bill. I found no MSD Warren question on the November 3, 2026 ballot. Referendum rates sit outside the 1% cap.
Drive your actual commute at your actual start time before you commit.
Indiana caps homestead property tax at 1% of gross assessed value under the circuit breaker, so most owner-occupants land at or near that figure before any voter-approved referendum rate, which sits outside the cap. Rentals and second homes are capped at 2% and should be modeled separately. Marion County's local income tax is 2.02%, per the Indiana Department of Revenue's county rate notice effective October 1, 2026. Confirm assessments with the Marion County Assessor.
If you want a lower entry price, compare Sheffield Woods, which sold at a median of $197,500. If you want a newer house, see Creekside Woods. For all of Warren Township, see my Warren Township guide.
The median single-family sale in Cherry Lake was $202,500 over the 12 months through August 2026, on 14 closings, and the middle 80% of sales ran $150,600 to $241,300 (MIBOR BLC).
The median was 26.5 days on market over the last 12 months, against 3 the year before, and 50% of homes closed at or above list price.
Dues are not part of the MLS data behind this page. Ask the listing agent and confirm with the association.
Metropolitan School District of Warren Township in MLS records. Confirm the specific school assignment for the address with the district.
Most homes that sold in the last two years were built between 1986 and 1999, with a median build year of 1991.
Voters approved an operating referendum in May 2023 at up to 30 cents per $100 of assessed value for eight years, about $88 million in total, with about 52% of the vote. That rate is already on the tax bill. I found no MSD Warren question on the November 3, 2026 ballot. Referendum rates sit outside the 1% cap.
I'm Wes Johnston, a Realtor with Trueblood Real Estate, based in Fishers. I cover the whole Indianapolis metro, and every guide on this site is built the same way: MIBOR numbers, public sources, and the trade-offs a listing description won't mention.
My job isn't to open doors. It's to tell you what a house is actually worth, what's wrong with it, and whether it's the right move for what you're trying to do — then negotiate hard on your behalf and own the process from contract to close.
If you're two years out, that's fine. Most of my best clients started with a question, not a showing.
Fishers-based. Honest numbers, every part of the metro. Committed to your success.
About 14 homes sold here in the last year. A saved search gets you each new Cherry Lake listing the morning it hits the market.
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