5225 Lava Ln

Indianapolis, IN 46237

$399,000
Price
4
Beds
4,190 Sq. Ft.
$95 / Sq. Ft.
4,190
Sq. Ft.
$95
per Sq. Ft.
Get preapproved with Rocket Mortgage1

Description

An exceptional opportunity awaits at 5225 Lava Ln in Indianapolis. This single-family residence sits on a rare double corner lot and offers the kind of space and flexibility that is increasingly hard to find. With over 3,500 square feet, five bedrooms, and three full bathrooms, you are stepping into a property that has the size, layout, and bones to become something truly special. The home does need some TLC, but that is exactly where the upside lives. Whether you are an investor looking for your...An exceptional opportunity awaits at 5225 Lava Ln in Indianapolis. This single-family residence sits on a rare double corner lot and offers the kind of space and flexibility that is increasingly hard to find. With over 3,500 square feet, five bedrooms, and three full bathrooms, you are stepping into a property that has the size, layout, and bones to become something truly special. The home does need some TLC, but that is exactly where the upside lives. Whether you are an investor looking for your next value-add project or a buyer ready to build equity while making a home your own, this property gives you room to execute your vision. The layout supports both everyday living and future improvements, with expansive living areas that can be reimagined to match today's preferences. One of the standout features is the additional 4-car garage/workshop, offering incredible potential for storage, business use, hobbies, or even future conversion ideas. The large lot, just under an acre, provides space for outdoor living, expansion, or simply enjoying the privacy that comes with a property of this size. Built in 1977, the home reflects a solid structure and established presence, ready for its next chapter. Opportunities like this do not come around often-where you can combine square footage, lot size, and improvement potential into one purchase. If you are looking for a property where effort can translate directly into value, this is one worth serious consideration.
  1. Listed by Raymond Modglin • The Modglin Group
    P: (317)-865-9400 raymond@themodglingroup.com

Property Details for 5225 Lava Lane

Architectural Style
Split Level, Traditional
Subdivision Name
Boulders
Township
Franklin
LISTING UPDATED: 05/28/2026 09:28 AM

Property Details for 5225 Lava Lane

StatusActive
MLS #22096072
Days on Market45
Taxes$2,614 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1977
Lot Size0.79 AC / 34,412 SF
CountyMarion County
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Location

Listing Courtesy of The Modglin Group
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Building Information for 5225 Lava Lane

Stories-Year Built1977Building Size-Lot Size0.79 AC / 34,412 SF

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$2,424 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,988

Property Taxes

$436

HOA Dues

$0

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Property Information for 5225 Lava Lane

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46237
  • Postal Code Plus4: 3031
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 491510105040000300
  • Semi Annual Property Tax Amt: 2614
  • Tax Exemption: Homestead Tax Exemption
  • Tax Year: 2024
  • TaxLot: 57 & 58
  • Tax Block: 2
School Information
  • School District: Franklin Community School Corp
Parking
  • Garage YN: Yes
  • Garage Spaces: 4.0
  • Garage SqFt: 1152
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Lot Size Square Feet: 34455.0
  • Lot Size Acres: 0.79
  • Main Level SqFt: 1736
  • New Construction: False
  • Living SqFt: 1764.0
  • Sqft Total: 3500.0
  • Sq Ft Total: 4190.0
  • Year Built Numeric: 1977
  • Below Grade Finished Area: 621.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
  • Legal Subdivision: The Boulders Sec 2 L57 & L58
  • Photos Count: 19
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
Utilities
  • Solid Waste: Yes
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stone
  • Foundation Details: Block
  • Pool Private: Yes
  • Horse Amenities: None
  • Pool Features: Outdoor Pool
Interior Features
  • Accessibility Features: No
  • Appliances: Electric Cooktop, Dishwasher, Electric Water Heater, Disposal, Electric Oven, Refrigerator
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Breakfast Room, Formal Dining Room
  • Fireplace Features: Gas Log, Great Room, Primary Bedroom
  • Fireplaces Total: 2
  • Heating: Forced Air, Natural Gas
  • Interior Features: Attic Pull Down Stairs, Breakfast Bar, Entrance Foyer, Paddle Fan, Walk-In Closet(s), Wet Bar
  • Levels: Multi/Split
  • Room List: Breakfast Room, Dining Room, Great Room, Kitchen, Living Room, Sun Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Loft, Bonus Room
  • Room and Features: Breakfast Room-Main-Tile-Ceramic, Dining Room-Main-Tile-Ceramic, Great Room-Main, Kitchen-Main-Tile-Ceramic, Living Room-Main, Sun Room-Main, Living Room-Upper, Primary Bedroom-Upper, Bedroom 2-Upper, Bedroom 3-Upper, Bedroom 4-Upper, Loft-Upper, Bonus Room-Main
  • Main Level Bedrooms: 0
  • Num Bedrooms Upper: 4
  • Num Bedrooms Basement: 0
  • Rooms Basement: 1
Room Information
Room Information
  • Rooms MU: 12
  • Rooms Total MU: 12
  • Total Rooms: 13
Room 1
  • Room Level: Main
  • Room Dimensions: 12x06
  • Room Features: Tile-Ceramic
  • Room Type: Breakfast Room
Room 2
  • Room Level: Main
  • Room Dimensions: 12x12
  • Room Features: Tile-Ceramic
  • Room Type: Dining Room
Room 3
  • Room Level: Main
  • Room Dimensions: 23x14
  • Room Type: Great Room
Room 4
  • Room Level: Main
  • Room Dimensions: 12x12
  • Room Features: Tile-Ceramic
  • Room Type: Kitchen
Room 5
  • Room Level: Main
  • Room Dimensions: 20x12
  • Room Type: Living Room
Room 6
  • Room Level: Main
  • Room Dimensions: 18x13
  • Room Type: Sun Room
Room 7
  • Room Level: Upper
  • Room Dimensions: 25x13
  • Room Type: Living Room
Room 8
  • Room Level: Main
  • Room Dimensions: 12x12
  • Room Features: Tile-Ceramic
  • Room Type: Dining Room
Room 9
  • Room Level: Main
  • Room Dimensions: 12x12
  • Room Features: Tile-Ceramic
  • Room Type: Kitchen
Room 10
  • Room Level: Upper
  • Room Dimensions: 25x13
  • Room Type: Primary Bedroom
Room 11
  • Room Level: Upper
  • Room Dimensions: 23x14
  • Room Type: Bedroom 2
Room 12
  • Room Level: Upper
  • Room Dimensions: 11x11
  • Room Type: Bedroom 3
Room 13
  • Room Level: Upper
  • Room Dimensions: 11x11
  • Room Type: Bedroom 4
Room 14
  • Room Level: Upper
  • Room Dimensions: 25x14
  • Room Type: Loft
Room 15
  • Room Level: Main
  • Room Dimensions: 16x14
  • Room Type: Bonus Room
Bathrooms
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Count: 3
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 3
  • Full Baths Upper: 2
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 4
  • Bedrooms MU: 4
  • Bedrooms Total: 4

Property History for 5225 Lava Lane

DateEvent & SourcePriceAppreciation
May 28, 2026

Price Change

MIBORMLS #22096072

$399,000—
May 3, 2026

Price Change

MIBORMLS #22096072

$419,000—
Apr 16, 2026

Listed (Active)

MIBORMLS #22096072

$449,000—
DateEvent & SourcePrice
05/28/2026

Price Change

MIBORMLS #22096072

$399,000
05/03/2026

Price Change

MIBORMLS #22096072

$419,000
04/16/2026

Listed (Active)

MIBORMLS #22096072

$449,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5225 Lava Lane

Taxable ValueLand$77,500Additions$445,300Total$522,800
Tax Record2024$5,228 ($436 / month)
Home Facts
Beds4Baths2Total Finished SqFt4,284 SqFtAbove Grade Finished SqFt3,500 SqFtFinished Basement SqFt784 SqFtStories2Lot Size34,455 SqFtStyleSingle Family ResidenceYear Built1977CountyMARIONAPN49-15-10-105-040.000-300Fireplace TypeHas Fireplace

Schools near 5225 Lava Lane

This home is within Franklin Township Com Sch Corp.
Rating
School
Type
Grades
Distance
Arlington Elementary School
Public - K to 3
Franklin Central Junior High
Public - 7 to 8
Franklin Central High School
Public - 9 to 12
Bunker Hill Elementary School
Public - K to 3
Rating
School
Distance
Arlington Elementary School
PublicK to 3

Franklin Central Junior High
Public7 to 8

Franklin Central High School
Public9 to 12

Bunker Hill Elementary School
PublicK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5225 Lava Lane, Indianapolis, IN 46237

5225 Lava Lane is a single family home for sale in Indianapolis, IN 46237. This property was listed for sale on April 16, 2026 by The Modglin Group, it's currently listed at $399,000. It has been on the market for a total of 45 days and was last sold on February 9, 2016. This listing's school district is Franklin Township Com Sch Corp. Nearby schools include Arlington Elementary School, Franklin Central Junior High and Franklin Central High School. 5225 Lava Lane is a 4-bed, 3-bath, 4,190 sqft single family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Modglin Group

Based on information submitted to the MLS GRID as of 05/28/2026 09:28 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.