Google street view image for 5041 Reed Rd, Indianapolis, IN 46254

Off market

$236,776

•

— ba

•

1,066

sq ft

5041 Reed Rd, Indianapolis, IN 46254

About this home

5041 Reed Rd is a 1,066 square foot house on a 2.07 acre lot with 4 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $236,776.

Single-familyProperty Type

1954Year Built

2.07 acresLot Size

$222Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$236,776

$5,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 35.6% lower than the average sale price ($368K) of 5 comparable homes.

SOLD OCT 16, 2026
$550,000
A
4 beds2.5 baths3,217 sq ft
7302 Wood Stream Dr, Indianapolis, IN 46254
SOLD SEP 9, 2026
$450,000
B
4 beds3 baths3,827 sq ft
5317 Glen Stewart Way, Indianapolis, IN 46254
SOLD OCT 6, 2026
$169,000
C
3 beds2 baths1,136 sq ft
4108 Eagle Lake Dr, Indianapolis, IN 46254
SOLD JUN 29, 2026
$536,000
D
4 beds2.5 baths4,102 sq ft
5232 Glen Stewart Way, Indianapolis, IN 46254
SOLD SEP 11, 2026
$134,500
E
3 beds1 bath1,096 sq ft
4132 N Vinewood Ave, Indianapolis, IN 46254

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$221,100

Est. take-home

List your home with Redfin and save $2,368

Market trends in 46254, IN

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.8%

+0.6% MoM

Median sale price

$221K

$435 MoM

Avg. days on market

16d

1 days MoM

Recently sold homes

100

3 MoM

New listings for sale

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NEW 23 HRS AGO
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5156 Alpine Violet Way, Indianapolis, IN 46254
$175,000
2 beds1.5 baths1,200 sq ft
4637 Kimmeridge, Indianapolis, IN 46254
$279,900
3 beds2 baths1,477 sq ft
4833 Countrybrook Ter, Indianapolis, IN 46254
$195,000
2 beds2.5 baths1,448 sq ft
5410 Nighthawk Dr, Indianapolis, IN 46254
$139,000
2 beds1.5 baths923 sq ft
5941 Deerwood Ct, Indianapolis, IN 46254
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3 beds1.5 baths1,152 sq ft
4503 Buxton Ct, Indianapolis, IN 46254
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5008 Shadow Pointe Dr, Indianapolis, IN 46254
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See all

Provided by Redfin

Sale history for 5041 Reed Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$1,948 (−14.7%)

$36,400 + $132,800

$169,200

2024

$2,283 (+8.9%)

$36,400 + $144,500

$180,900

2023

$2,097 (−13.1%)

$36,400 + $144,500

$180,900

2022

$2,413 (+10.9%)

$36,400 + $144,500

$180,900

2021

$2,175 (+3.1%)

$60,600 + $119,400

$180,000

2020

$2,110 (+2.0%)

$60,600 + $119,400

$180,000

2019

$2,069 (+3.0%)

$60,600 + $113,500

$174,100

2018

$2,009 (+1.1%)

$60,600 + $110,100

$170,700

2017

$1,988 (+3.0%)

$60,600 + $102,500

$163,100

2016

$1,931 (+9.2%)

$60,600 + $102,500

$163,100

2015

$1,769 (+0.3%)

$60,600 + $97,400

$158,000

2014

$1,764 (−0.8%)

$60,600 + $97,400

$158,000

2013

$1,779

$60,600 + $96,900

$157,500

Tax history for 5041 Reed Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,948 (−14.7%)

$36,400 + $132,800

$169,200

2024

$2,283 (+8.9%)

$36,400 + $144,500

$180,900

2023

$2,097 (−13.1%)

$36,400 + $144,500

$180,900

2022

$2,413 (+10.9%)

$36,400 + $144,500

$180,900

2021

$2,175 (+3.1%)

$60,600 + $119,400

$180,000

2020

$2,110 (+2.0%)

$60,600 + $119,400

$180,000

2019

$2,069 (+3.0%)

$60,600 + $113,500

$174,100

2018

$2,009 (+1.1%)

$60,600 + $110,100

$170,700

2017

$1,988 (+3.0%)

$60,600 + $102,500

$163,100

2016

$1,931 (+9.2%)

$60,600 + $102,500

$163,100

2015

$1,769 (+0.3%)

$60,600 + $97,400

$158,000

2014

$1,764 (−0.8%)

$60,600 + $97,400

$158,000

2013

$1,779

$60,600 + $96,900

$157,500

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

Permits

May 22, 2026 • Active

Right of way permit-excavation

Remove existing pavement markings and install new thermoplastic continental markings. Install new curb ramps, rectangular rapid flashing beacons with solar panels, and pedestrian crossing signs with synchronized LED lights. Perform tree trimming to maintain line of sight for signage and relocate existing trail signs.

Electrical

Grading

Apr 24, 2026 • Active

Right of way permit-excavation

Electrical

Grading

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Basement Information
Basement Sq. Ft: 1,066
Basement Type: Full

Bathroom Information
# of Bathroom Fixtures: 7

Heating & Cooling
Heating Type: Warm Air

Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace

Room Information
# of Rooms: 9

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Masonry
Building Type: Single Family

Property Information
Living Sq. Ft: 1,066
Adjusted Gross Sq. Ft: 2,132
Ground Floor Sq. Ft: 1,066
Building Sq. Ft: 3,046
# of Stories: 1
Legal Description: PT N1/2 NW1/4 SW1/4 BEG SW CORN300' E300' S300' W300' TO BEG

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 914
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 89,999
Municipality Name: PIKE,OUTSIDE
Acres: 2.0661
County Use Description: 1 FAM DWLG ON UNPLAT 0-9.99AC

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 4
Baths: —
Sq. Ft.: 1,066
Stories: 1.0
Lot Size: 2.07 acres
Style: Single Family Residential
Year Built: 1954
Year Renovated: 1954
County: Marion County
APN: 490511126003000600

Home facts updated by county records on Oct 19, 2026

Around this home

Schools

K - 12
Preschool & daycare

Deer Run Elementary School

Public K-5 • Assigned • 1.2mi

4/10

Guion Creek Middle School

Public 6-8 • Assigned • 2.8mi

3/10

Pike High School

Public 9-12 • Assigned • 2.9mi

3/10

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

3/10 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

4/10 Air Factor

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

Provided by First Street

Historical weather

Indianapolis, IN • 46254

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 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$225,000 – $273,000

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Home values near 5041 Reed Rd

Data from public records.

Address	Redfin Estimate
7312 Bramblewood Lane, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2354 Sq. Ft.	$389,242
5032 Coppermill Circle, Indianapolis, IN 4 Beds \| 2 Baths \| 1932 Sq. Ft.	$307,014
5031 Coppermill Circle, Indianapolis, IN 3 Beds \| 2.5 Baths \| 1867 Sq. Ft.	$311,103
5039 Coppermill Circle, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2304 Sq. Ft.	$310,452
5112 Coppermill Circle, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2304 Sq. Ft.	$321,449
7302 Runningbrook Way, Indianapolis, IN 3 Beds \| 2 Baths \| 2178 Sq. Ft.	$432,148
5105 Coppermill Circle, Indianapolis, IN 3 Beds \| 1 Baths \| 1520 Sq. Ft.	$238,985

Address	Redfin Estimate
5118 Coppermill Circle, Indianapolis, IN 5 Beds \| 2.5 Baths \| 3113 Sq. Ft.	$357,550
7310 Runningbrook Way, Indianapolis, IN 4 Beds \| 2 Baths \| 2504 Sq. Ft.	$437,403
5130 Coppermill Circle, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2798 Sq. Ft.	$362,946
7323 Bramblewood Lane, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2530 Sq. Ft.	$380,430
5106 Coppermill Circle, Indianapolis, IN 3 Beds \| 2.5 Baths \| 1712 Sq. Ft.	$296,018
7307 Cherryhill Drive, Indianapolis, IN 4 Beds \| 1.5 Baths \| 2024 Sq. Ft.	$324,207
7249 Coppermill Court, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2000 Sq. Ft.	$309,576

Address	Redfin Estimate
7301 Cherryhill Drive, Indianapolis, IN 4 Beds \| 3 Baths \| 2400 Sq. Ft.	$432,547
7255 Coppermill Court, Indianapolis, IN 4 Beds \| 2.5 Baths \| 1948 Sq. Ft.	$317,723
7313 Cherryhill Drive, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2173 Sq. Ft.	$440,827
5124 Coppermill Circle, Indianapolis, IN 3 Beds \| 2.5 Baths \| 1972 Sq. Ft.	$310,083
5036 Coppermill Circle, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2373 Sq. Ft.	$219,428
7318 Bramblewood Lane, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2534 Sq. Ft.	$369,209
5111 Coppermill Circle, Indianapolis, IN 3 Beds \| 1 Baths \| 1652 Sq. Ft.	$272,480

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