OFF MARKET

Off Market Dec 2020 for $151K

$203,818

•

924

sq ft

5322 Margate Rd, Indianapolis, IN 46221

About this home

Completely remodeled, all new, taken down to the studs 3BR ranch with massive 4+ Car heated garage on 2 lots. New Septic, New Roof, siding, gutters, windows, water heater. New carpet & tile throughout. Updated kitchen with new countertops, backsplash, & the appliances stay. New pex plumbing, new electrical panel, and Weatherhead. Washer/Dryer included. Super clean garage is perfect for workshop, auto work, man cave, storage etc. Separate gas furnace, insulated and freshly painted walls and floor. New garage door opener. Privacy fenced back yard. Conveniently located to shopping, schools, highways, and entertainment. Wonderful opportunity in a quiet neighborhood.

Single-familyProperty Type

1954Year Built

6,970 sq ftLot Size

$221Est. Price/Sq.Ft.

4 car garageParking

Listed by Andy Ludlow • Carpenter, REALTORS®

Contact: abrl9475@gmail.com

Bought with Andy Ludlow • Carpenter, REALTORS®

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21750764

Redfin Estimate

$203,818

$53K since sold in December 2020$4,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 3.2% higher than the average sale price ($197K) of 6 comparable homes.

SOLD MAY 5, 2026
$205,000
A
3 beds1 bath1,200 sq ft
5412 Margate Rd, Indianapolis, IN 46221
SOLD JUL 27, 2026
$179,900
B
3 beds1 bath912 sq ft
5012 Gambel Rd, Indianapolis, IN 46221
SOLD JUL 1, 2026
$205,000
C
3 beds1 bath1,200 sq ft
4522 Yuma Dr, Indianapolis, IN 46241
SOLD JUN 23, 2026
$215,000
D
3 beds1.5 baths1,278 sq ft
5425 Gambel Rd, Indianapolis, IN 46221
SOLD JUL 27, 2026
$215,000
E
3 beds2 baths1,248 sq ft
4221 Solun Rd, Indianapolis, IN 46221
SOLD OCT 6, 2025
$165,000
F
3 beds1 bath1,728 sq ft
5419 W Mooresville Rd, Indianapolis, IN 46221

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Earn from this home

Sell

$83,034

Est. take-home

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Rent

$1,425/mo

Redfin rental estimate

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Market trends in 46221, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.6%

0.4% MoM

Median sale price

$220K

$11K MoM

Avg. days on market

25d

6 days MoM

Recently sold homes

112

10 MoM

New listings for sale

$65,000
4 beds1 bath720 sq ft
3327 S Foltz, Indianapolis, IN 46221
$105,000
3 beds1 bath2,496 sq ft
840 S Pershing Ave, Indianapolis, IN 46221
OPEN SAT, 1PM TO 3PM
$285,000
3 beds2 baths2,148 sq ft
5514 Winship Ct, Indianapolis, IN 46221
$279,500
4 beds3 baths2,300 sq ft
5415 W Mooresville Rd, Indianapolis, IN 46221
3D WALKTHROUGH
$210,000
4 beds2 baths1,192 sq ft
6864 Cordova Dr, Indianapolis, IN 46221
$235,000
3 beds2 baths1,216 sq ft
5742 Ashcroft Dr, Indianapolis, IN 46221
$160,000
3 beds1 bath936 sq ft
3557 Winings Ave, Indianapolis, IN 46221
$335,000
4 beds2.5 baths2,728 sq ft
6127 Maple Branch Pl, Indianapolis, IN 46221
$375,000
3 beds3 baths3,318 sq ft
5640 W Thompson Rd, Indianapolis, IN 46221
$202,000
4 beds1 bath1,386 sq ft
3465 Carr Ave, Indianapolis, IN 46221
See all

Provided by Redfin

Sale history for 5322 Margate Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21750764

Dec 4, 2020

Sold

$151,000

$163/sq ft

Nov 23, 2020

Pending

—

Nov 16, 2020

Pending

—

Nov 5, 2020

Listed

$149,900

$162/sq ft

MIBOR as Distributed by MLS Grid #21519739

Nov 28, 2017

Sold

$44,000

$48/sq ft

Oct 27, 2017

Pending

—

Oct 18, 2017

Listed

$48,000

$52/sq ft

Public Records

Sep 19, 2017

Sold

$55,000

$60/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,053 (−11.4%)

$14,400 + $177,300

$191,700

2024

$2,316 (+15.5%)

$14,400 + $182,600

$197,000

2023

$2,005 (+16.6%)

$14,400 + $182,600

$197,000

2022

$1,719 (+4.9%)

$14,400 + $156,400

$170,800

2021

$1,639 (+153.9%)

$14,400 + $121,400

$135,800

2020

$646 (−65.2%)

$14,400 + $121,400

$135,800

2019

$1,857 (+10.4%)

$14,400 + $61,800

$76,200

2018

$1,683 (+165.4%)

$14,400 + $61,800

$76,200

2017

$634 (+3.1%)

$14,400 + $54,300

$68,700

2016

$615 (+9.6%)

$14,400 + $54,300

$68,700

2015

$561 (−1.2%)

$14,400 + $53,300

$67,700

2014

$568 (−1.6%)

$14,400 + $51,800

$66,200

2013

$577

$14,400 + $52,700

$67,100

Tax history for 5322 Margate Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,053 (−11.4%)

$14,400 + $177,300

$191,700

2024

$2,316 (+15.5%)

$14,400 + $182,600

$197,000

2023

$2,005 (+16.6%)

$14,400 + $182,600

$197,000

2022

$1,719 (+4.9%)

$14,400 + $156,400

$170,800

2021

$1,639 (+153.9%)

$14,400 + $121,400

$135,800

2020

$646 (−65.2%)

$14,400 + $121,400

$135,800

2019

$1,857 (+10.4%)

$14,400 + $61,800

$76,200

2018

$1,683 (+165.4%)

$14,400 + $61,800

$76,200

2017

$634 (+3.1%)

$14,400 + $54,300

$68,700

2016

$615 (+9.6%)

$14,400 + $54,300

$68,700

2015

$561 (−1.2%)

$14,400 + $53,300

$67,700

2014

$568 (−1.6%)

$14,400 + $51,800

$66,200

2013

$577

$14,400 + $52,700

$67,100

*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
Permits

Beds

Baths

—

Stories

Lot width

50 ft.

Lot depth

140 ft.

Lot size

6,970 Sq. Ft.

Year renovated

2017

Sq. Ft.

1,064

Year built

1954

Style

Single Family Residential

County

Marion County

APN

491236115041000200

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

METRO

AIRSPACE SECONDARY ZONING DISTRICT

Dwelling District Five

The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.

Zone overlays

Metro Context Area
Airspace Secondary Zoning District

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

Oct 20, 2009 • Final

Structural permit-1-2 family-miscellaneous

Tear off and replace the roofing and decking on an existing single-family home. No structural changes or changes in the roof pitch are included.

Roofing

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
Parking Features: Asphalt, Detached, Garage Door Opener, Heated
Garage Spaces: 4
Has Garage

Interior

Virtual Tour

Interior Sq. Ft. Information
Building Area Total: 924
Living Area: 924
Main Level Sq. Ft.: 924

Bedroom Information
Primary Bedroom Description: Closet Walk in
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3

Bathroom Information
# of Full Baths (Total): 1
# of Full Baths (Main): 1
Full Baths MU: 3
Full Bathrooms MU: 1

Room 1 Information
Room Features: Carpet
Room Dimensions: 16x11
Room Level: Main

Room 2 Information
Room Type: Kitchen
Room Dimensions: 12x10
Room Level: Main

Room 3 Information
Room Type: Bedroom 2
Room Features: Carpet
Room Dimensions: 12x10
Room Level: Main

Room 4 Information
Room Type: Bedroom 3
Room Features: Carpet
Room Dimensions: 12x09
Room Level: Main

Room 5 Information
Room Type: Dining Room
Room Dimensions: 14x10
Room Level: Main

Room 6 Information
Room Type: Family Room
Room Features: Carpet
Room Dimensions: 16x12
Room Level: Main

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

Laundry Room Information
Laundry Features: Main Level

Fireplace Information
Fireplace Features: None

Heating & Cooling
Heating Information: Forced Air, Gas
Cooling Information: Central Electric

Interior Features
Interior Features: Attic Access, Windows Thermal, Windows Vinyl, Wood Work Painted
Appliances: Dryer, Electric Oven, Range Hood, Refrigerator, Washer, Gas Water Heater

Exterior

Exterior Features
Patio And Porch Features: Open Patio, Porch Open
Fencing: Fence Full Rear

Property Information
Ownership Interest Types: No Assoc
Other Equipment: Smoke Alarm
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: 1/4-1/2 Acre

Lot Information
Lot Size Acres: 0.32
Lot Features: Mature Trees

Utilities

Utility Information
Utility Prim Sewage Disp: Septic
Water Source: Municipal/City
Utilities: Gas Nearby, Gas
Solid Waste Information: Yes

Location

School Information
High School District: MSD Decatur Township

Location Information
Directions: I-465 to Kentucky Ave(exit 8), North to Hanna, Right on Hanna to Lynhurst, Right on Lynhurst to Margate, Right on Margate, Home is on Right
Tax Legal Description: NEWLYNN L038

Public facts

Beds: 3
Baths: —
Sq. Ft.: 1,064
Stories: 1.0
Lot Size: 6,970 square feet
Style: Single Family Residential
Year Built: 1954
Year Renovated: 2017
County: Marion County
APN: 491236115041000200

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: abrl9475@gmail.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Slab
Construction Materials: Vinyl Siding, Vinyl With Stone
Levels: One

Around this home

Schools

Liberty Early Elementary School

Public PreK-6 • Assigned • 0.8mi

5/10

Decatur Middle School

Public 7-8 • Assigned • 1.7mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 1.7mi

2/10

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 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

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

Provided by First Street

Historical weather

Indianapolis, IN • 46221

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 9.6 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

$194,000 – $235,000

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Nearby similar homes

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Home values near 5322 Margate Rd

Data from public records.

Address	Redfin Estimate
5306 Margate Road, Indianapolis, IN 2 Beds \| 1 Baths \| 816 Sq. Ft.	$112,655
5314 Margate Road, Indianapolis, IN 3 Beds \| - Baths \| 720 Sq. Ft.	$136,116

Address	Redfin Estimate
5310 Margate Road, Indianapolis, IN 4 Beds \| 1 Baths \| 1154 Sq. Ft.	$175,052
5324 Margate Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1323 Sq. Ft.	$216,289

Address	Redfin Estimate
5325 Margate Road, Indianapolis, IN 2 Beds \| - Baths \| 966 Sq. Ft.	$134,913
5321 Margate Road, Indianapolis, IN 3 Beds \| - Baths \| 930 Sq. Ft.	$108,834

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2020. This data may not match . Learn more.

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