Sold
Last Sold Price
3 beds1,762 sqft
5538 Milhouse Rd, Indianapolis, IN 46221
Single FamilyProperty Type
0.44 acresLot Size
1979Year Built
$142/sq ftPrice per sq ft
2 carsParking Spaces

Description

Welcome to this well-maintained 3-bedroom, 2.5-bath bi-level home offering plenty of space inside and out. Enjoy peace of mind with key updates already done for you, including a new water heater and newer HVAC system. The main level features a bright living area, comfortable bedrooms, and a large sunroom overlooking the LARGE backyard. The lower level adds a versatile family room or home office space plus a convenient half bath. Step outside to a fully fenced backyard, perfect for pets, play, and...Welcome to this well-maintained 3-bedroom, 2.5-bath bi-level home offering plenty of space inside and out. Enjoy peace of mind with key updates already done for you, including a new water heater and newer HVAC system. The main level features a bright living area, comfortable bedrooms, and a large sunroom overlooking the LARGE backyard. The lower level adds a versatile family room or home office space plus a convenient half bath. Step outside to a fully fenced backyard, perfect for pets, play, and outdoor entertaining. A nice mini barn provides handy storage for tools, lawn equipment, or hobbies. RV owners will love the dedicated parking pad with electrical hookup, ideal for keeping your rig ready for your next adventure. Located with easy access to I-465, you'll have a quick commute to downtown and be close to everything Indianapolis has to offer-shopping, dining, and entertainment all within minutes. With modern mechanical updates and room to spread out, this home is move-in ready and waiting for its next chapter. Don't miss it!
  • Listed by: Carrie Vavul 317.878.8002 cvavul@callcarpenter.com • Carpenter, REALTORS®
Listing closed: 11/14/2025 12:00 AM • Source: MIBORMLS, MLS#: 22063123

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Recent comparable sales

Median sold price

$257,500

Avg days on market

41

Sale-to-list ratio

95.1%

Indianapolis, IN

9 comparable properties found

$262,000 | 5424 Milhouse Road, Indianapolis, IN 46221
1/49
1

$262,000

Sold 05/15/25

3
Bedrooms
1,848
Square Feet
0.17
Acres
$265,000 | 6218 Cradle River Drive, Indianapolis, IN 46221
1/35
2

$265,000

Sold 01/02/25

3
Bedrooms
1,748
Square Feet
0.19
Acres
$269,000 | 5856 Dollar Forge Drive, Indianapolis, IN 46221
1/30
3

$269,000

Sold 08/21/25

3
Bedrooms
1,884
Square Feet
0.22
Acres
$255,000 | 5425 Powder River Court, Indianapolis, IN 46221
1/20
4

$255,000

Sold 07/17/26

3
Bedrooms
1,656
Square Feet
0.12
Acres
$250,000 | 5452 Powder River Court, Indianapolis, IN 46221
1/45
5

$250,000

Sold 12/08/25

3
Bedrooms
1,768
Square Feet
0.11
Acres
$223,000 | 6412 Cradle River Drive, Indianapolis, IN 46221
1/27
6

$223,000

Sold 02/27/26

3
Bedrooms
1,848
Square Feet
0.21
Acres
$269,500 | 5625 Sweet River Drive, Indianapolis, IN 46221
1/31
7

$269,500

Sold 10/29/24

3
Bedrooms
1,805
Square Feet
0.14
Acres
$257,500 | 5361 Cradle River Court, Indianapolis, IN 46221
1/43
8

$257,500

Sold 07/01/25

3
Bedrooms
1,606
Square Feet
0.1
Acres
$238,000 | 5218 West Hidden Ridge Court, Indianapolis, IN 46221
1/41
9

$238,000

Sold 03/27/26

3
Bedrooms
1,624
Square Feet
0.21
Acres

Location

Listing Courtesy of Carpenter, REALTORS®

Sold By Values Driven Realty, Inc.

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Property Information for 5538 Milhouse Road

Property Details
  • Taxes: $1,410 semi-annually
  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Traditional
  • Subdivision Name: Old Mill Park
  • Township: Decatur
Building Information
  • Year Built: 1979
  • Lot Size: 0.44 AC / 19,166 SF
Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46221
  • Postal Code Plus4: 4140
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 491301117026000200
  • Semi Annual Property Tax Amt: 1410
  • Tax Exemption: Homestead Tax Exemption
  • Tax Year: 2024
  • TaxLot: 131
School Information
  • School District: MSD Decatur Township
Parking
  • Garage YN: Yes
  • Garage Spaces: 2.0
  • Garage SqFt: 484
Property
Lot Information
  • Acreage: 1/4-1/2 Acre
  • Lot Description: Sidewalks, Storm Sewer, Street Lights, Mature Trees, Trees-Small (Under 20 Ft)
  • Lot Size Square Feet: 18992.0
  • Lot Size Acres: 0.44
  • Main Level SqFt: 1278
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 1278.0
  • Sq Ft Total: 1762.0
  • Year Built Numeric: 1979
  • Below Grade Finished Area: 484.0
  • Living Area Source: Appraisal
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: Old Mill Park 6th Sec L131
  • Photos Count: 41
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
  • Buyer Financing: FHA
Utilities
  • Solid Waste: Yes
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Storage
  • Foundation Details: Block
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Electric Oven, Refrigerator, Washer
  • Areas Interior: Utility Room
  • Basement Description: Daylight, Egress Window(s), Finished Ceiling, Finished Walls
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Dining Combo/Kitchen
  • Fireplace Features: Basement
  • Fireplaces Total: 1
  • Heating: Forced Air, Natural Gas
  • Interior Features: Attic Access, Kitchen Island, Paddle Fan, Pantry
  • Levels: Two
  • Room List: Living Room, Dining Room, Kitchen, Primary Bedroom, Bedroom 2, Bedroom 3
  • Room and Features: Living Room-Main, Dining Room-Main, Kitchen-Main, Primary Bedroom-Main, Bedroom 2-Main, Bedroom 3-Main
  • Main Level Bedrooms: 3
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 2
Room Information
Room Information
  • Rooms MU: 6
  • Rooms Total MU: 6
  • Total Rooms: 8
Room 1
  • Room Level: Main
  • Room Dimensions: 14x15
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 12x10
  • Room Type: Dining Room
Room 3
  • Room Level: Main
  • Room Dimensions: 9x11
  • Room Type: Kitchen
Room 4
  • Room Level: Main
  • Room Dimensions: 11x13
  • Room Type: Primary Bedroom
Room 5
  • Room Level: Main
  • Room Dimensions: 10x9
  • Room Type: Bedroom 2
Room 6
  • Room Level: Main
  • Room Dimensions: 10x12
  • Room Type: Bedroom 3
Bathrooms
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total Count: 3
  • Full Baths Basement: 0
  • Full Baths Main: 2
  • Full Baths MU: 2
  • Full Baths Upper: 0
  • Half Baths Basement: 1
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 3
  • Bedrooms MU: 3
  • Bedrooms Total: 3

Property History for 5538 Milhouse Road

DateEvent & SourcePriceAppreciation
Nov 14, 2025

Sold

MIBORMLS #22063123

$250,000—
Oct 13, 2025

Pending

MIBORMLS #22063123

—
Sep 17, 2025

Listed (Active)

MIBORMLS #22063123

$265,000—
DateEvent & SourcePrice
11/14/2025

Sold

MIBORMLS #22063123

$250,000
10/13/2025

Pending

MIBORMLS #22063123

—
09/17/2025

Listed (Active)

MIBORMLS #22063123

$265,000

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

Public Records for 5538 Milhouse Road

Taxable ValueLand$17,900Additions$223,100Total$241,000
Tax Record2024$2,693 ($224 / month)
Home Facts
Beds3Total Finished SqFt2,484 SqFtAbove Grade Finished SqFt2,484 SqFtStories2Lot Size18,992 SqFtStyleSingle Family ResidenceYear Built1979CountyMARIONAPN49-13-01-117-026.000-200Fireplace TypeHas Fireplace

Schools near 5538 Milhouse Road

This home is within M S D Decatur Township.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Gold Academy
PublicK to 6

Decatur Middle School
Public7 to 8

Decatur Central High School
Public9 to 12

Liberty Early Elementary School
PublicPK to 6

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5538 Milhouse Road, Indianapolis, IN 46221
$250,000
3
1,762
19,166
$276,000
3
1,744
20,037
–
3
1
2,388
17,555
$100,000
4
1,334
17,424
$200,000
3
2
1,436
11,979
$135,900
3
2,232
26,571

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carpenter, REALTORS®

Based on information submitted to the MLS GRID as of 02/01/2026 05:53 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.