5541 Fair Ridge Place
Description
- Listed by: Jenny Laughner 317.881.2100 jenny@c21scheetz.com • CENTURY 21 Scheetz
- Listed by: Tyler Casse 317.439.3041 Tcasse@c21scheetz.com
Recent comparable sales
Median sold price
$238,000
Avg days on market
25
Sale-to-list ratio
97.0%
Indianapolis, IN
9 comparable properties found
$230,000
Sold 04/06/26
- 3
- Bedrooms
- 2
- Bathrooms
- 1,196
- Square Feet
- 0.13
- Acres
$239,000
Sold 10/24/25
- 3
- Bedrooms
- 2
- Bathrooms
- 1,376
- Square Feet
- 0.18
- Acres
$240,000
Sold 01/07/25
- 3
- Bedrooms
- 2
- Bathrooms
- 1,316
- Square Feet
- 0.14
- Acres
$245,000
Sold 04/29/25
- 3
- Bedrooms
- 2
- Bathrooms
- 1,390
- Square Feet
- 0.35
- Acres
$242,000
Sold 09/19/25
- 3
- Bedrooms
- 2
- Bathrooms
- 1,246
- Square Feet
- 0.17
- Acres
$235,000
Sold 11/03/25
- 3
- Bedrooms
- 2
- Bathrooms
- 1,390
- Square Feet
- 0.14
- Acres
$215,000
Sold 11/01/24
- 3
- Bedrooms
- 2
- Bathrooms
- 1,292
- Square Feet
- 0.5
- Acres
$238,000
Sold 04/30/26
- 3
- Bedrooms
- 2
- Bathrooms
- 1,364
- Square Feet
- 0.17
- Acres
$227,500
Sold 12/29/25
- 3
- Bedrooms
- 2
- Bathrooms
- 1,333
- Square Feet
- 0.14
- Acres
Location
Sold By Homes Unlimited
$1,514 per month
30 year fixed, 7.03% Interest
$1,281
$210
$23
1Property Information for 5541 Fair Ridge Place
Property Details
- Taxes: $1,258 semi-annually
- MLS Type: Residential / Single Family Residence
- County: Marion County
- Architectural Style: Ranch, TraditonalAmerican
- Subdivision Name: Decatur Ridge
- Township: Decatur
Building Information
- Year Built: 2001
- Lot Size: 0.16 AC / 6,969 SF
Summary
- City: Indianapolis
- County Or Parish: Marion
- Directions: From SR 67 & Milhouse Rd, head east on Milhouse Rd. Turn left onto Decatur Ridge Dr. Turn right on Fair Ridge Pl. House will be on the right.
- Postal Code: 46221
- Postal Code Plus4: 4072
- State Or Province: IN
- Attic YN: Yes
- Association Fee Frequency: Annually
- Association Fee Includes: Association Home Owners, Entrance Common, Maintenance, ParkPlayground, Snow Removal
- Association Fee: $280
- Parcel Number: 491302106026000200
- Semi Annual Property Tax Amt: 1258
- Tax Exemption: Homestead Tax Exemption
- Tax Year: 2024
- TaxLot: 103
- Association Phone: 317-713-0739
- Elementary School: Valley Mills Elementary School
- High School: Decatur Central High School
- Middle Or Junior School: Decatur Middle School
- School District: MSD Decatur Township
- Garage YN: Yes
- Garage Parking Other: Keyless Entry
- Garage Spaces: 2.0
- Garage SqFt: 400
Property
- Acreage: <1/4 Acre
- Lot Description: Sidewalks, Mature Trees, Trees-Small (Under 20 Ft)
- Lot Size Square Feet: 6752.0
- Lot Size Acres: 0.16
- Main Level SqFt: 1265
- New Construction: False
- Living SqFt: 0.0
- Sqft Total: 1265.0
- Sq Ft Total: 1265.0
- Year Built Numeric: 2001
- Living Area Source: Assessor
- Affected by Disclosures: No
- DPRYN: Yes
- Legal Subdivision: Decatur Ridge Sec 2 L103
- Ownership Type: Mandatory Fee
- Photos Count: 33
- Property Attached: No
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Transaction Type: Sale
- Web Link: www.jennylaughner.com
- Buyer Financing: FHA
- Green Certification: No
- Solid Waste: No
- Utilities: Cable Connected
- Water Source: Municipal/City
Interior and Exterior Features
- Construction Materials: Vinyl With Brick
- Foundation Details: Slab
- Horse Amenities: None
- Accessibility Features: No
- Appliances: Dishwasher, Electric Water Heater, MicroHood, Electric Oven, Refrigerator, Water Softener Owned
- Basement YN: No
- Eating Area: Dining Combo/Great Room
- Fireplace Features: Great Room, Woodburning Fireplce
- Fireplaces Total: 1
- Heating: Forced Air, Electric
- Interior Features: Cathedral Ceiling(s), Vaulted Ceiling(s), Windows Thermal, Wood Work Painted, Paddle Fan, Eat-in Kitchen, Entrance Foyer, Pantry
- Levels: One
- Additional Equipment: Smoke Alarm
- Room List: Primary Bedroom, Kitchen, Great Room, Bedroom 2, Bedroom 3, Laundry
- Room and Features: Primary Bedroom-Main-Vinyl, Kitchen-Main-Vinyl, Great Room-Main-Vinyl, Bedroom 2-Main-Carpet, Bedroom 3-Main-Carpet, Laundry-Main-Laminate
- Main Level Bedrooms: 3
- Laundry Features: Main Level
- Num Bedrooms Upper: 0
- Num Bedrooms Basement: 0
- Rooms Basement: 0
Room Information
- Rooms MU: 6
- Rooms Total MU: 6
- Total Rooms: 6
- Room Level: Main
- Room Dimensions: 14x12
- Room Features: Vinyl
- Room Type: Primary Bedroom
- Room Level: Main
- Room Dimensions: 14x7
- Room Features: Vinyl
- Room Type: Kitchen
- Room Level: Main
- Room Dimensions: 24x13
- Room Features: Vinyl
- Room Type: Great Room
- Room Level: Main
- Room Dimensions: 11x9
- Room Features: Carpet
- Room Type: Bedroom 2
- Room Level: Main
- Room Dimensions: 10x9
- Room Features: Carpet
- Room Type: Bedroom 3
- Room Level: Main
- Room Dimensions: 5x6
- Room Features: Laminate
- Room Type: Laundry
- Bathrooms Full: 2
- Bathrooms Half: 0
- Bathrooms Total Count: 2
- Full Baths Basement: 0
- Full Baths Main: 2
- Full Baths MU: 2
- Full Baths Upper: 0
- Half Baths Basement: 0
- Half Baths Main: 0
- Half Baths MU: 0
- Half Baths Upper: 0
- Beds MU: 3
- Bedrooms MU: 3
- Bedrooms Total: 3
Property History for 5541 Fair Ridge Place
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 2, 2025 | Sold (Public Record) Public Record #1908138638 | $240,000 | +8.5% / yr |
| Jun 2, 2025 | Sold MIBORMLS #22030929 | $240,000 | — |
| May 4, 2025 | Pending MIBORMLS #22030929 | — | |
| May 2, 2025 | Listed (Active) MIBORMLS #22030929 | $239,900 | — |
| Apr 30, 2018 | Sold (Public Record) Public Record #622257562 | $135,000 | — |
| Apr 30, 2018 | Sold MIBORMLS #21552266 | $135,000 | — |
| Mar 20, 2018 | Pending MIBORMLS #21552266 | — | |
| Mar 18, 2018 | Listed (Active) MIBORMLS #21552266 | $129,900 | — |
| Sep 29, 2014 | Sold MIBORMLS #21310422 | $98,900 | — |
| Sep 2, 2014 | Pending MIBORMLS #21310422 | — | |
| Aug 18, 2014 | Listed (Active) MIBORMLS #21310422 | $98,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/02/2025 | Sold (Public Record) Public Record #1908138638 | $240,000 +8.5% / yr |
| 06/02/2025 | Sold MIBORMLS #22030929 | $240,000 |
| 05/04/2025 | Pending MIBORMLS #22030929 | — |
| 05/02/2025 | Listed (Active) MIBORMLS #22030929 | $239,900 |
| 04/30/2018 | Sold (Public Record) Public Record #622257562 | $135,000 |
| 04/30/2018 | Sold MIBORMLS #21552266 | $135,000 |
| 03/20/2018 | Pending MIBORMLS #21552266 | — |
| 03/18/2018 | Listed (Active) MIBORMLS #21552266 | $129,900 |
| 09/29/2014 | Sold MIBORMLS #21310422 | $98,900 |
| 09/02/2014 | Pending MIBORMLS #21310422 | — |
| 08/18/2014 | Listed (Active) MIBORMLS #21310422 | $98,900 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 5541 Fair Ridge Place
Taxable Value
Land
$19,900Additions
$197,900Tax Record
2024
$2,427 ($202 / month)Home Facts
Beds
3Baths
1Total Finished SqFt
1,265 SqFtAbove Grade Finished SqFt
1,265 SqFtStories
1Lot Size
6,752 SqFtStyle
Single Family ResidenceYear Built
2001Year Renovated
2003Zoning
ZO01County
MARIONAPN
49-13-02-106-026.000-200Fireplace Type
Has FireplaceSchools near 5541 Fair Ridge Place
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 6 |
Rating | School | Distance |
|---|---|---|
Valley Mills Elementary School 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
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 5541 Fair Ridge Place, Indianapolis, IN 46221 | $240,000 | 3 | 2 | 1,265 | 6,969 |
$153,000 | 3 | 2 | 1,433 | 6,969 | |
$245,000 | 3 | 3 | 2,250 | 8,276 | |
– | 4 | 2.5 | 2,504 | 6,882 | |
– | – | – | – | 104,108 | |
$129,000 | 3 | 2 | 1,467 | 7,405 | |
– | 4 | 2 | 1,972 | 7,013 | |
– | 4 | 1.5 | 2,464 | 8,451 | |
– | 3 | 1 | 1,292 | 7,013 | |
– | 3 | 1 | 1,538 | 4,443 | |
$279,000 | 3 | 3 | 2,147 | 5,662 | |
$162,500 | 4 | 3 | 2,819 | 8,276 | |
$239,900 | 4 | 2 | 1,942 | 5,662 | |
$82,600 | 3 | 2 | 1,459 | 6,969 | |
$119,000 | 3 | 2 | 1,576 | 6,534 |
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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 CENTURY 21 Scheetz
Based on information submitted to the MLS GRID as of 06/03/2025 11:38 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.