Rare find: 2.67-acre horse property in the Brownsburg school district under $400K. Established equestrian setup is ready day one - sand riding arena with post & board fencing, run-in shelter, detached tack house, hay storage, and fully fenced pasture turnout. Updated 3-bedroom ranch features refinished hardwood floors, updated kitchen, fully remodeled tile bathrooms, and 2-car attached garage. This hidden gem is all about the horses but the house itself is a unique find. No HOA, no subdivision restrictions. Just 20 minutes to downtown Indianapolis and minutes to Brownsburg amenities. Perfect for horse owners, hobby farmers, animal lovers, or anyone wanting acreage and outbuildings without leaving Brownsburg schools or the Indy commute behind. Move in, bring your horses, settle in.
Est. $1,710 per month, based on comparable rentals
Sale and tax history for 5116 N Raceway Rd
Sale History
Tax History
Date
Event
Price
MIBOR as Distributed by MLS Grid #22105869
Aug 28, 2026
Sold
$340,000
$292/sq ft
Aug 3, 2026
Pending
—
Jul 9, 2026
Price Changed
$349,900
$300/sq ft
Jun 25, 2026
Price Changed
$374,900
$322/sq ft
Jun 19, 2026
Price Changed
$384,900
$330/sq ft
Jun 5, 2026
Listed
$399,000
$342/sq ft
MIBOR as Distributed by MLS Grid #21731924
Sep 30, 2020
Sold
$145,000
$124/sq ft
Sep 14, 2020
Pending
—
Sep 11, 2020
Price Changed
$185,000
$159/sq ft
Aug 14, 2020
Listed
$199,500
$171/sq ft
+2
Looking for space to grow but move in sooner? Over 2.5 acres in Hendricks County! Quiet enough to feel like you are miles away from the hustle and bustle, but mere minutes away from Clermont, Brownsburg and I-74! Access, availability and acreage!
Year
Property tax
Land + Additions
Assessment*
2025
$1,957 (−6.1%)
$60,200 + $148,100
$208,300
2024
$2,083 (+4.8%)
$60,200 + $148,100
$208,300
2023
$1,988
$60,400 + $139,600
$200,000
2022
$1,988 (+11.9%)
$70,000 + $132,000
$202,000
2021
$1,777 (+3.3%)
$66,600 + $125,300
$191,900
2020
$1,721 (−42.2%)
$63,700 + $108,400
$172,100
2019
$2,979 (+2.6%)
$63,700 + $102,500
$166,200
2018
$2,902 (+0.7%)
$57,400 + $90,300
$147,700
2017
$2,883 (+1.4%)
$56,300 + $86,200
$142,500
2016
$2,842 (+195.7%)
$56,300 + $84,200
$140,500
2015
$961 (+1.5%)
$56,300 + $84,200
$140,500
2014
$947 (−0.1%)
$51,000 + $75,300
$126,300
2013
$948
$51,000 + $75,300
$126,300
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
116,305
Year renovated
2022
Sq. Ft.
1,166
Year built
1957
Style
Single Family Residential
County
Hendricks County
APN
320808400004000015
Parking Spaces
2
Basement
No
Accessible
No
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Oct 6, 2022.
AGR
AIRSPACE SECONDARY ZONING DISTRICT
Agriculture Residential District
The intent of the Agriculture Residential AGR District is to permit the establishment of individual single-family dwellings while maintaining a primarily rural character. This can serve to protect land best suited for agricultural use from the encroachment of incompatible land uses.
Zone overlays
Airspace Secondary Zoning District
Permitted uses
Include but are not limited to:
Agriculture
Greenhouse / nursery
Housing-Group
Housing-Single unit
Fire house
Police station
Recreation
Mar 1, 1996 • Final
Heating & cooling permit-1-2 family-replacement
HVAC
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
Parking
Parking Information
Garage SqFt: 624
Garage Parking Other: Garage Door Opener
Parking Features: Attached
Garage Spaces: 2
Has Garage
Interior
Virtual Tour
Interior Sq. Ft. Information
Building Area Total: 1166
Living Area: 1166
Main Level Sq. Ft.: 1166
Upper Level Sq. Ft.: 0
Bedroom Information
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3
Bathroom Information
# of Full Baths (Total): 2
# of Full Baths (Main): 2
Full Baths MU: 2
Full Bathrooms MU: 2
Room 1 Information
Room Type: Kitchen
Room Dimensions: 8x14
Room Level: Main
Room 2 Information
Room Type: Bedroom 2
Room Dimensions: 11x10
Room Level: Main
Room 3 Information
Room Type: Bedroom 3
Room Dimensions: 10x12
Room Level: Main
Room 4 Information
Room Type: Living Room
Room Dimensions: 11x12
Room Level: Main
Room 5 Information
Room Type: Dining Room
Room Dimensions: 7x8
Room Level: Main
Room 6 Information
Room Type: Master Bedroom
Room Dimensions: 12x12
Room Level: Main
Other Rooms Information
Rooms Upper: 0
Rooms Main: 7
Rooms Basement: 0
# of Rooms: 7
Laundry Room Information
Laundry Features: Connections All
Heating & Cooling
Heating Information: Forced Air, Natural Gas
Cooling Information: Central Air
Interior Features
Interior Features: Eat-in Kitchen
Appliances: Gas Water Heater, MicroHood, Electric Oven, Refrigerator