551 Valley Way Rd is a 1,986 square foot house on a 0.46 acre lot with 3 bedrooms and 2 bathrooms. Based on Redfin's Greenwood data, we estimate the home's value is $297,233.
Single-familyProperty Type
1974Year Built
0.46 acresLot Size
$150Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$297,233
$4,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 4% lower than the average sale price ($310K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2024
$2,606 (+1.3%)
$56,000 + $212,400
$268,400
2023
$2,574 (−6.5%)
$56,000 + $218,300
$274,300
2022
$2,752 (+45.4%)
$56,000 + $222,100
$278,100
2021
$1,892 (+8.1%)
$56,000 + $222,100
$278,100
2020
$1,750 (+3.6%)
$43,800 + $168,700
$212,500
2019
$1,690 (+1.1%)
$43,800 + $159,700
$203,500
2018
$1,671 (+35.4%)
$37,300 + $159,500
$196,800
2017
$1,234 (−0.3%)
$37,300 + $155,400
$192,700
2016
$1,237 (+1.0%)
$31,000 + $126,100
$157,100
2015
$1,225 (−1.3%)
$31,000 + $126,100
$157,100
2014
$1,241 (+5.1%)
$31,000 + $126,100
$157,100
2013
$1,181
$31,000 + $126,100
$157,100
Tax history for 551 Valley Way Rd
Year
Property tax
Land + Additions
Assessment*
2024
$2,606 (+1.3%)
$56,000 + $212,400
$268,400
2023
$2,574 (−6.5%)
$56,000 + $218,300
$274,300
2022
$2,752 (+45.4%)
$56,000 + $222,100
$278,100
2021
$1,892 (+8.1%)
$56,000 + $222,100
$278,100
2020
$1,750 (+3.6%)
$43,800 + $168,700
$212,500
2019
$1,690 (+1.1%)
$43,800 + $159,700
$203,500
2018
$1,671 (+35.4%)
$37,300 + $159,500
$196,800
2017
$1,234 (−0.3%)
$37,300 + $155,400
$192,700
2016
$1,237 (+1.0%)
$31,000 + $126,100
$157,100
2015
$1,225 (−1.3%)
$31,000 + $126,100
$157,100
2014
$1,241 (+5.1%)
$31,000 + $126,100
$157,100
2013
$1,181
$31,000 + $126,100
$157,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-2
Single-Family Residential District
The purpose of the R-2, Single-Family Residential District is to provide for residential development at an average density of three and one-half dwelling units per acre. Development of major subdivisions in the R-2 District shall be limited to sites served by public sanitary sewer systems. They should be limited to sites which are located adjacent to major collectors, minor arterials, or major arterials, as defined in the Johnson County Comprehensive Plan Update; and are generally best located immediately adjacent to R-1, R-2, or R-3 Residential Districts.
Property details
Interior
Basement Information
Basement Sq. Ft: 500
Basement Type: Partial
Bathroom Information
# of Full Baths: 2
# of Bathroom Fixtures: 8
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air
Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Average
Building Type: Single Family
Property Information
Subdivision Name: PEBBLE HILL 2ND SEC
Living Sq. Ft: 1,986
Adjusted Gross Sq. Ft: 2,486
Ground Floor Sq. Ft: 1,110
Building Sq. Ft: 3,038
# of Stories: 2
Legal Description: PEBBLE HILL 2ND SEC LOT 51
Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 552
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 19,994
Legal Lot Number: 51
Municipality Name: WHITE RIVER TOWNSHIP
Acres: 0.459
Depth Footage: 200
Front Footage: 100
Zoning Code: R-2
County Use Description: SINGLE FAMILY PLATTED LOT
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,986
Stories: 2.0
Lot Size: 0.46 acres
Style: Single Family Residential
Year Built: 1974
Year Renovated: 1974
County: Johnson County
APN: 410327043023000038
Home facts updated by county records on Jul 8, 2026
Around this home
Schools
Pleasant Grove Elementary School
Public PreK-5 • Assigned • 0.8mi
6/10
Center Grove Middle School North
Public 6-8 • Assigned • 0.9mi
8/10
Center Grove High School
Public 9-12 • Assigned • 3.3mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Greenwood, IN • 46142
Average low and high temperatures (°F)
34
18
43
26
62
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69
48
72
54
83
65
88
71
83
64
81
59
71
48
54
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.6 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$283,000 – $342,000
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