OFF MARKET

Off market aug 2022 for $161K

$135,940

•

1,300

sq ft

5040 Allisonville Rd Unit B, Indianapolis, IN 46205

About this home

BEAUTIFULLY UPDATED 1st FLOOR LAKE FRONT CONDOMINIUM! THIS AGENT OWNED HOME IS MOVE-IN READY AND CENTRALLY LOCATED MINUTES FROM BROAD RIPPLE, THE MONON, RESTAURANTS AND SHOPPING. UNIT BOASTS SS APPLIANCES, VINYL HARDWOODS, CUSTOM TILED SHOWER IN MASTER BATH, VINYL WINDOWS AND CUSTOM BUILT ELECTRIC FIREPLACE W/HEAT. LOTS OF STORAGE INCLUDING 2 CLOSETS OUTSIDE FRONT DOOR. CARPORT #40 INCLUDED. SCREENED-IN PORCH HAS DUAL ACCESS AND IS PERFECT FOR ENTERTAINING OR SIMPLY RELAX WITH A GOOD BOOK AND ENJOY THE AMAZING SUNSETS! JUST STEPS OUT YOUR DOOR, 17 ACRE HERON LAKE OFFERS SWIMMING, KAYAKING, PADDLEBOARDING, FISHING & MORE. THIS HIDDEN GEM WON'T LAST LONG! *NO RENTALS OR AIRBNB's ALLOWED*

CondoProperty Type

1965Year Built

3,306 sq ftLot Size

$105Est. Price/Sq.Ft.

Listed by Amy Brunner • Highgarden Real Estate

Contact: abrunner@highgarden.com

Bought with Matthew Schumacker • eXp Realty, LLC

Redfin checked: a few seconds ago

•Source:MIBOR as Distributed by MLS Grid #21872655

Redfin Estimate

$135,940

$25K since sold in August 2022$0 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 2.6% lower than the average sale price ($140K) of 6 comparable homes.

SOLD OCT 15, 2026
$80,000
A
2 beds2 baths1,213 sq ft
3036 Lake Shore Dr Unit D, Indianapolis, IN 46205
SOLD JUL 21, 2026
$145,000
B
2 beds2 baths1,225 sq ft
3036 Lake Shore Dr Unit A, Indianapolis, IN 46205
SOLD JUN 22, 2026
$60,000
C
2 beds2 baths1,314 sq ft
3036 Lake Shore Dr Unit C, Indianapolis, IN 46205
SOLD DEC 30, 2025
$144,500
D
2 beds2 baths1,400 sq ft
3016 Lake Shore Dr Unit B, Indianapolis, IN 46205
SOLD OCT 20, 2026
$224,000
E
2 beds2 baths1,419 sq ft
5378 Whisperwood Ln, Indianapolis, IN 46226
SOLD AUG 18, 2026
$184,000
F
2 beds2 baths1,360 sq ft
3965 N Meridian St Apt 2D, Indianapolis, IN 46208

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Earn from this home

Rent

$2,415/mo

Redfin rental estimate

List your home for rent

Market trends in 46205, IN

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.1%

+0.7% MoM

Median sale price

$300K

$88 MoM

Avg. days on market

29d

1 days MoM

Recently sold homes

152

3 MoM

New listings for sale

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$105,000
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NEW 1 DAY AGO
$187,500
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4720 Brouse Ave, Indianapolis, IN 46205
$315,000
3 beds2 baths2,184 sq ft
4702 Haverford Ave, Indianapolis, IN 46205
$235,000
4 beds2 baths1,456 sq ft
3201 Sutherland Ave, Indianapolis, IN 46205
$199,900
2 beds1 bath1,798 sq ft
607 E 50th St, Indianapolis, IN 46205
$850,000
5 beds4 baths3,502 sq ft
4625 Washington Blvd, Indianapolis, IN 46205
3D WALKTHROUGH
$230,000
2 beds1 bath2,299 sq ft
3408 N College Ave, Indianapolis, IN 46205
$1,249,000
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FOR SALE BY OWNER
$125,000
3 beds2 baths1,336 sq ft
4176 Winthrop Ave, Indianapolis, IN 46205
See all

Provided by Redfin

Sale history for 5040 Allisonville Rd Unit B

Date

Event

Price

MIBOR as Distributed by MLS Grid #21872655

Aug 22, 2022

Sold

$161,000

$124/sq ft

Jul 25, 2022

Pending

—

Jul 21, 2022

Listed

$147,500

$113/sq ft

MIBOR as Distributed by MLS Grid #21674686

Nov 11, 2019

Sold

$70,000

$54/sq ft

Oct 16, 2019

Pending

—

Oct 14, 2019

Listed

$69,900

$54/sq ft

+14

NICELY UPDATED 2 BEDROOM, 2 FULL BATHROOM CONDOMINIUM WITH A BEAUTIFUL VIEW OVERLOOKING THE POND LOCATED IN WASHINGTON TOWNSHIP SCHOOLS. UPDATES INCLUDE NEW KITCHEN COUNTER TOPS, NEW STAINLESS STEEL APPLIANCES, UPDATED BATHROOMS, NEW CARPET & VINYL PLANK FLOORING, FRESHLY PAINTED INTERIOR, NEW LIGHT FIXTURES, NEW WINDOWS, ETC. HOME FEATURES LARGE LIVING ROOM WITH VIEW OF THE POND AND ACCESSES TO THE SCREENED-IN PORCH, DINING ROOM W/BREAKFAST BAR, BOTH BEDROOMS HAVE THE WONDERFUL VIEW, MASTER BEDROOM HAS FULL BATHROOM, UNIT HAS A RESERVED CARPORT SPACE, LAUNDRY IS CONVENIENTLY LOCATED RIGHT OUTSIDE THE ENTRY. CLOSE TO SHOPPING AND DINING.

Year

Property tax

Land + Additions

Assessment*

2025

$1,031 (+24.2%)

$32,200 + $86,900

$119,100

2024

$830 (+4.1%)

$28,300 + $69,500

$97,800

2023

$797 (+93.3%)

$28,300 + $69,500

$97,800

2022

$413 (−3.0%)

$28,400 + $69,500

$97,900

2021

$425 (+7.9%)

$22,100 + $43,900

$66,000

2020

$394 (+6.3%)

$22,100 + $43,900

$66,000

2019

$371 (−71.1%)

$21,700 + $42,100

$63,800

2018

$1,285 (+6.1%)

$21,500 + $42,200

$63,700

2017

$1,212 (+37.5%)

$19,200 + $32,400

$51,600

2016

$881 (+8.4%)

$19,200 + $32,400

$51,600

2015

$813 (−4.5%)

$16,800 + $22,800

$39,600

2014

$851 (−23.5%)

$16,800 + $22,500

$39,300

2013

$1,112

$16,900 + $24,400

$41,300

Tax history for 5040 Allisonville Rd Unit B

Year

Property tax

Land + Additions

Assessment*

2025

$1,031 (+24.2%)

$32,200 + $86,900

$119,100

2024

$830 (+4.1%)

$28,300 + $69,500

$97,800

2023

$797 (+93.3%)

$28,300 + $69,500

$97,800

2022

$413 (−3.0%)

$28,400 + $69,500

$97,900

2021

$425 (+7.9%)

$22,100 + $43,900

$66,000

2020

$394 (+6.3%)

$22,100 + $43,900

$66,000

2019

$371 (−71.1%)

$21,700 + $42,100

$63,800

2018

$1,285 (+6.1%)

$21,500 + $42,200

$63,700

2017

$1,212 (+37.5%)

$19,200 + $32,400

$51,600

2016

$881 (+8.4%)

$19,200 + $32,400

$51,600

2015

$813 (−4.5%)

$16,800 + $22,800

$39,600

2014

$851 (−23.5%)

$16,800 + $22,500

$39,300

2013

$1,112

$16,900 + $24,400

$41,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Condo/Co-op

County

Marion County

APN

490708104019000800

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 19, 2026.

METRO

Dwelling District Seven

The D-7 District is intended for medium density residential development, accommodating multifamily dwellings, triplex, fourplex, two-family and single-family attached dwellings. The District may be applied anywhere within the metropolitan area, provided, however, it should be closely associated with the primary intensity generators, such as commercial shopping centers or industrial employment centers. The District requires superior street access and all public utilities and facilities. Provisions for various modes of travel and pedestrian linkages are critical. Well-planned, on-site recreational facilities, selected to fit the site and residents' needs, must be developed to answer the demands of the higher density of residents. The D-7 District has a typical density of 12 to 15 units per gross acre fulfilling the medium density residential recommendation of the Comprehensive General Land Use Plan. Development plans should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Communications tower
Park & open space

Property details

Parking

Parking Information
Parking Features: Carport, Common

Interior

Interior Sq. Ft. Information
Building Area Total: 1300
Living Area: 1300
Main Level Sq. Ft.: 1300

Bedroom Information
Primary Bedroom Description: Shower Stall Full
# of Bedrooms Main: 2
Beds MU: 2
Bedrooms MU: 2

Bathroom Information
# of Full Baths (Total): 2
# of Full Baths (Main): 2
Full Baths MU: 2
Full Bathrooms MU: 2

Room 1 Information
Room Features: Carpet
Room Dimensions: 18x11
Room Level: Main

Room 2 Information
Room Type: Bedroom 2
Room Features: Carpet
Room Dimensions: 13x12
Room Level: Main

Room 3 Information
Room Type: Living Room
Room Features: Carpet
Room Dimensions: 17x15
Room Level: Main

Room 4 Information
Room Type: Kitchen
Room Features: Luxury Vinyl Plank
Room Dimensions: 10x07
Room Level: Main

Room 5 Information
Room Type: Dining Room
Room Features: Luxury Vinyl Plank
Room Dimensions: 13x12
Room Level: Main

Room 6 Information
Room Type: Sun Room
Room Features: Carpet
Room Dimensions: 21x07
Room Level: Main

Other Rooms Information
Rooms Upper: 0
Rooms Main: 6
Rooms Basement: 0
# of Rooms: 6

Fireplace Information
# of Fireplaces: 1
Fireplace Features: Electric

Heating & Cooling
Heating Information: Radiant Ceiling, Electric
Cooling Information: Central Electric

Interior Features
Interior Features: Screens Complete, Supplemental Storage, Windows Thermal, Windows Vinyl, Breakfast Bar
Appliances: Common Laundry, Dishwasher, Disposal, Microwave, Electric Oven, Refrigerator, Electric Water Heater
Floor Number: 1

Exterior

Exterior Features
Patio And Porch Features: Screened
Exterior Features: Dock

Waterfront Information
Waterfront Features: Lake Front

Property Information
Ownership Interest Types: Mandatory Fee
Other Equipment: Smoke Alarm
Property Type: Residential
Attached Property
Property Sub Type: Condominium

Land Information
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.0759
Lot Features: Sidewalks, Street Lights

Utilities

Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Municipal/City
Utilities: Cable Available
Solid Waste Information: Yes

Location

Multi-Unit Information
Unit Entry Level: 1

HOA Information
Has HOA
HOA Disclosures: Covenants & Restrictions
Association Fee: $226
Association Fee Frequency: Monthly
Association Fee Includes: Clubhouse, Entrance Common, Insurance, Maintenance Grounds, Maintenance Structure, Maintenance, Management, Snow Removal, Trash, Sewer

School Information
High School District: MSD Washington Township

Location Information
Directions: FROM 52ND ST & ALLISONVILLE RD., GO WEST ON 52ND ST. TURN LEFT INTO THE HERON LAKE COMPLEX FROM 52ND ST, FOLLOW TO THE LEFT TO THE BUILDING ON THE RIGHT: BLDG # 5040 UNIT B
Tax Legal Description: HERON LAKE HORIZONTAL PROPERTY REGIME5040 B ALLISONVILLE RD UNIT B (BLDG 2) & .6383%INT IN COMMON AREAS

Condo Information
Condo Type: Horizontal
Condo Description Location: Lower Level

Community Information
Common Walls: 2+ Common Walls

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Marion County
APN: 490708104019000800

Home facts updated by county records on Oct 19, 2026

Other

Listing Information
Attribution Contact: abrunner@highgarden.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Slab
Construction Materials: Brick
Levels: One

Around this home

Schools

K - 12
Preschool & daycare

Clearwater Elementary School

Public K-5 • Assigned • 3.5mi

7/10

Eastwood Middle School

Public 6-8 • Assigned • 1.8mi

9/10

North Central High School

Public 9-12 • Assigned • 4.5mi

6/10

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 102° expected this year, 18 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46205

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.8 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.8 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$130,000 – $157,000

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

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Home values near 5040 Allisonville Rd Unit B

Data from public records.

Address	Redfin Estimate
5040 Allisonville Road, Indianapolis, IN 2 Beds \| 2 Baths \| 1300 Sq. Ft.	$123,371
5044 Allisonville Road, Indianapolis, IN - Beds \| - Baths \| - Sq. Ft.	$122,131
5038 Allisonville Road Unit A, Indianapolis, IN 3 Beds \| 2 Baths \| 1400 Sq. Ft.	$135,499
5040 Allisonville Road Unit C, Indianapolis, IN 2 Beds \| 2 Baths \| 1347 Sq. Ft.	$137,570
5038 Allisonville Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1900 Sq. Ft.	$160,346
3135 E 52nd Street, Indianapolis, IN - Beds \| - Baths \| - Sq. Ft.	$111,844
3135 E 52nd Street Unit A, Indianapolis, IN 3 Beds \| 2 Baths \| 1500 Sq. Ft.	$141,259

Address	Redfin Estimate
5044 Allisonville Road, Indianapolis, IN - Beds \| - Baths \| - Sq. Ft.	$119,400
5038 Allisonville Road Unit F, Indianapolis, IN 3 Beds \| 2 Baths \| 1612 Sq. Ft.	$145,249
5040 Allisonville Road Unit F, Indianapolis, IN 2 Beds \| 2 Baths \| 1250 Sq. Ft.	$135,348
5038 Allisonville Road Unit B, Indianapolis, IN 3 Beds \| 2 Baths \| 1900 Sq. Ft.	—
5038 Allisonville Road Unit C, Indianapolis, IN 4 Beds \| 2 Baths \| 1788 Sq. Ft.	$140,509
3135 E 52nd Street Unit B, Indianapolis, IN 3 Beds \| 2 Baths \| 1612 Sq. Ft.	$167,310
3135 E 52nd Street Unit E, Indianapolis, IN 4 Beds \| 2 Baths \| 1777 Sq. Ft.	—

Address	Redfin Estimate
5038 Allisonville Road Unit D, Indianapolis, IN - Beds \| - Baths \| - Sq. Ft.	$135,548
5044 Allisonville Road Unit B, Indianapolis, IN 2 Beds \| 2 Baths \| 1300 Sq. Ft.	$132,318
5040 Allisonville Road Unit A, Indianapolis, IN 2 Beds \| 2 Baths \| 1224 Sq. Ft.	$121,667
5038 Allisonville Road Unit E, Indianapolis, IN 3 Beds \| 2 Baths \| 1900 Sq. Ft.	$153,673
5040 Allisonville Road, Indianapolis, IN - Beds \| - Baths \| - Sq. Ft.	$83,186
3135 E 52nd Street, Indianapolis, IN - Beds \| - Baths \| - Sq. Ft.	$126,032

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2022. This data may not match . Learn more.

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