OFF MARKET

Off market nov 2023 for $600K

$689,462

•

4,544

sq ft

5404 W Ralston Rd, Indianapolis, IN 46221

About this home

Exceptional DREAM HOME on 9 ACRES! You'll love living in a country setting w/ city convenience. Tree-lined driveway leads to hilltop where this CUSTOM Updated Brick Ranch w/ FULLY finished WALKOUT Bsmnt awaits! Spacious OPEN CONCEPT Liv rm/Kit/Din rm features Breakfast bar, Vaulted ceiling, & FIREPLACE. Primary BR offers dreamy on-suite bath & Walk-in closet. Tons of extra living space in bsmnt--FAM rm, 2 lrg bonus rms w/ closets for extra bed, office or exercise rm. High End finishes thru-out! 30X40 POLEBARN has Wrkshp, Horse stall, plenty of STORAGE for RV/Boat etc. Barn also features FINISHED studio Apt w/ sep entrance perfect for parties, rental, extra guests. Sellers now offering $$ towards buyers concessions!!

Single-familyProperty Type

1992Year Built

9.05 acresLot Size

$152Est. Price/Sq.Ft.

4 car garageParking

Listed by Laura Wright • Carpenter, REALTORS®

Contact: lwright@callcarpenter.com

Bought with Laura Deluca • CENTURY 21 Scheetz

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #21940954

Redfin Estimate

$689,462

$89K since sold in November 2023$1,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 158.5% higher than the average sale price ($267K) of 6 comparable homes.

SOLD APR 7, 2026
$300,000
A
3 beds2.5 baths2,180 sq ft
7315 Pipestone Dr, Indianapolis, IN 46217
SOLD AUG 28, 2026
$248,500
B
4 beds2.5 baths1,987 sq ft
6922 Devinney Ln, Indianapolis, IN 46221
SOLD AUG 3, 2026
$287,000
C
4 beds2.5 baths2,132 sq ft
6941 Devinney Ln, Indianapolis, IN 46221
SOLD JUL 2, 2026
$255,000
D
3 beds2 baths1,495 sq ft
5543 Alcott Ln, Indianapolis, IN 46221
SOLD MAY 6, 2026
$250,000
E
3 beds2.5 baths1,962 sq ft
5841 Sable Dr, Indianapolis, IN 46221
SOLD NOV 25, 2025
$260,000
F
3 beds2.5 baths2,294 sq ft
7114 Cordova Dr, Indianapolis, IN 46221

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Earn from this home

Sell

$193,802

Est. take-home

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Rent

$2,559/mo

Redfin rental estimate

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Market trends in 46221, IN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

97.8%

+0.1% MoM

Median sale price

$224K

$7K MoM

Avg. days on market

22d

1 days MoM

Recently sold homes

103

8 MoM

New listings for sale

OPEN SUN, 3PM TO 5PM
$239,900
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4045 Harmony, Indianapolis, IN 46221
$245,000
3 beds2 baths1,478 sq ft
6612 Greenspire Pl, Indianapolis, IN 46221
$245,900
3 beds1.5 baths1,826 sq ft
4110 Floyd Dr, Indianapolis, IN 46221
$195,000
3 beds2 baths1,348 sq ft
3480 Foltz St, Indianapolis, IN 46221
$139,900
3 beds2 baths1,998 sq ft
1011 S Tremont St, Indianapolis, IN 46221
$250,000
4 beds2 baths1,188 sq ft
6655 Cordova Dr, Indianapolis, IN 46221
$349,900
3 beds2.5 baths2,824 sq ft
652 Marion, Indianapolis, IN 46221
$194,900
3 beds1.5 baths1,064 sq ft
5505 Furnas Ct, Indianapolis, IN 46221
$134,900
2 beds1 bath900 sq ft
3317 S Lyons Ave, Indianapolis, IN 46221
OPEN SAT, 10AM TO 12PM
$420,000
4 beds3.5 baths2,380 sq ft
5050 W Epler Rd, Indianapolis, IN 46221
See all

Provided by Redfin

Sale history for 5404 W Ralston Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21940954

Nov 13, 2023

Sold

$600,000

$132/sq ft

Oct 19, 2023

Pending

—

Oct 5, 2023

Price Changed

$625,000

$138/sq ft

Sep 18, 2023

Price Changed

$639,900

$141/sq ft

Sep 6, 2023

Listed

$649,900

$143/sq ft

MIBOR as Distributed by MLS Grid #21763932

May 20, 2021

Sold

$570,000

$125/sq ft

Mar 18, 2021

Pending

—

Mar 15, 2021

Relisted

—

Feb 25, 2021

Pending

—

Feb 1, 2021

Listed

$600,000

$132/sq ft

+22

Rare find 9 Acres 20 mins from downtown Indianapolis! Beautiful brick ranch home with full, finished walkout basement features open flowing floor plan with 3 big bedrooms, 3 full baths. Updated kitchen and baths. Main house garage is currently a den, but can be converted back. Well maintained property with country flavor, yet close to everything, 465, golf course, trails, parks. No other home like this on the market! New HVAC 2020, Well pump 2018.

MIBOR as Distributed by MLS Grid #21435426

Nov 4, 2016

Sold

$440,000

$97/sq ft

Sep 2, 2016

Pending

—

Aug 9, 2016

Listed

$450,000

$99/sq ft

+17

9 PLUS ACRES-LG BRICK HOME W/FULL BSMT-OPEN FLOOR PLAN-LOTS OF SQ FT-BIG BDRMS! SITS ON A HILL BACK FROM RD W/LONG CIRCULAR ASPHALT DRIVE--30X40 BARN HAS FINISHED UPPER LVL W/HEAT,AIR, KITCHEN, BATHRM & 2ND LVL DECK. SEPARATE ENTRANCE TO UPPER LVL BARN-PERFECT FOR RENTAL OR IN-LAW QTRS. LOWER LVL BARN HAS O.H. DOORS ON BOTH ENDS. VERY UNIQUE, WELL-KEPT PROPERTY WITH COUNTRY FLAVOR, YET CLOSE TO EVERYTHING INCLUDING GOLF COURSE. MUST SEE INSIDE! UPDATED KITCHEN, BATHROOMS, AND WALKOUT BASEMENT.

MIBOR as Distributed by MLS Grid #21006663

Feb 5, 2010

Listing Removed

—

Jan 25, 2010

Listed

$150,000

$33/sq ft

MIBOR as Distributed by MLS Grid #2731582

Nov 30, 2007

Listing Removed

—

May 15, 2007

Listed

$420,000

$92/sq ft

MIBOR as Distributed by MLS Grid #2536647

Apr 30, 2007

Listing Removed

—

Jun 14, 2005

Listed

$393,000

$86/sq ft

MIBOR as Distributed by MLS Grid #2455237

Jun 11, 2005

Listing Removed

—

Sep 29, 2004

Listed

$380,000

$84/sq ft

MIBOR as Distributed by MLS Grid #2446014

Sep 26, 2004

Listing Removed

—

Aug 12, 2004

Listed

$419,000

$92/sq ft

MIBOR as Distributed by MLS Grid #2406824

Aug 4, 2004

Listing Removed

—

Feb 6, 2004

Listed

$460,000

$101/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$10,469 (−6.8%)

$67,600 + $708,700

$776,300

2024

$11,234 (+2.7%)

$67,600 + $739,200

$806,800

2023

$10,938 (+10.9%)

$67,600 + $739,200

$806,800

2022

$9,862 (+10.9%)

$67,600 + $656,600

$724,200

2021

$8,895 (+7.1%)

$67,600 + $487,400

$555,000

2020

$8,308 (+4.4%)

$67,600 + $487,400

$555,000

2019

$7,959 (+7.9%)

$67,600 + $476,500

$544,100

2018

$7,379 (+5.5%)

$67,600 + $422,300

$489,900

2017

$6,994 (+1.6%)

$67,600 + $358,200

$425,800

2016

$6,887 (+7.1%)

$67,600 + $358,200

$425,800

2015

$6,428 (+0.6%)

$67,600 + $186,900

$254,500

2014

$6,390 (+12.0%)

$67,600 + $181,800

$249,400

2013

$5,704

$67,600 + $179,400

$247,000

Tax history for 5404 W Ralston Rd

Year

Property tax

Land + Additions

Assessment*

2025

$10,469 (−6.8%)

$67,600 + $708,700

$776,300

2024

$11,234 (+2.7%)

$67,600 + $739,200

$806,800

2023

$10,938 (+10.9%)

$67,600 + $739,200

$806,800

2022

$9,862 (+10.9%)

$67,600 + $656,600

$724,200

2021

$8,895 (+7.1%)

$67,600 + $487,400

$555,000

2020

$8,308 (+4.4%)

$67,600 + $487,400

$555,000

2019

$7,959 (+7.9%)

$67,600 + $476,500

$544,100

2018

$7,379 (+5.5%)

$67,600 + $422,300

$489,900

2017

$6,994 (+1.6%)

$67,600 + $358,200

$425,800

2016

$6,887 (+7.1%)

$67,600 + $358,200

$425,800

2015

$6,428 (+0.6%)

$67,600 + $186,900

$254,500

2014

$6,390 (+12.0%)

$67,600 + $181,800

$249,400

2013

$5,704

$67,600 + $179,400

$247,000

*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

—

Lot depth

—

Lot size

9.05 Acres

Year renovated

2010

Sq. Ft.

4,544

Year built

1992

Style

Single Family Residential

County

Marion County

APN

491324106003000200

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 19, 2026.

METRO

Dwelling Agriculture District

The D-A District holds the agricultural lands of Marion County and provides for a variety of agricultural uses. It is intended to provide for animal and poultry husbandry, farming, cultivation of crops, dairying, pasturage, floriculture, horticulture, viticulture, apiaries, aquaculture, hydroponics, together with necessary, accompanying accessory uses, buildings, or structures for housing, packing, treating, or storing said products; or lands devoted to a soil conservation or forestry management program. A single-family dwelling is intended to be permitted as a part of such agricultural uses. A secondary provision of this District is large estate development of single-family dwellings. This District fulfills the very low density residential classification of the Comprehensive General Land Use Plan. This District does not require public water and sewer facilities.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Agriculture
Housing-Group
Housing-Single unit
Research & development
Communications tower
Veterinary clinic
Park & open space

Property details

Parking

Parking Information
Garage SqFt: 1200
Garage Parking Other: Garage Door Opener
Parking Features: Detached, Garage Door Opener, Heated, Storage, Workshop in Garage
Garage Spaces: 4
Has Garage

Interior

Virtual Tour

Interior Sq. Ft. Information
Building Area Total: 4544
Living Area: 4544
Main Level Sq. Ft.: 2272
Upper Level Sq. Ft.: 0
Lower/Basement Level Sq. Ft (Finished): 2272

Bedroom Information
Primary Bedroom Description: Closet Walk in,Sinks Double,Tub Full with Separate Shower,Tub Whirlpool
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3

Bathroom Information
# of Full Baths (Total): 3
# of Full Baths (Main): 2
# of Full Baths (Basement): 1
Full Baths MU: 2
Full Bathrooms MU: 2

Room 1 Information
Room Features: Carpet
Room Dimensions: 15 x 14
Room Level: Main

Room 2 Information
Room Type: Great Room
Room Features: Hardwood
Room Dimensions: 37 x 32
Room Level: Main

Room 3 Information
Room Type: Kitchen
Room Dimensions: 13 x 10
Room Level: Main

Room 4 Information
Room Type: Breakfast Room
Room Dimensions: 13 x 11
Room Level: Main

Room 5 Information
Room Type: Family Room
Room Dimensions: 37 x 15
Room Level: Basement

Room 6 Information
Room Type: Bedroom 2
Room Features: Hardwood
Room Dimensions: 15 x 13
Room Level: Main

Room 7 Information
Room Type: Bedroom 3
Room Features: Hardwood
Room Dimensions: 11 x 11
Room Level: Main

Room 8 Information
Room Type: Bonus Room
Room Features: Carpet
Room Dimensions: 21 x 15
Room Level: Basement

Room 9 Information
Room Type: Office
Room Features: Carpet
Room Dimensions: 15 x 15
Room Level: Basement

Room 10 Information
Room Type: Bonus Room
Room Dimensions: 12 x 8
Room Level: Basement

Other Rooms Information
Rooms Upper: 0
Rooms Main: 5
Rooms Basement: 5
# of Rooms: 10

Basement Information
Has Basement
Basement Features: Sump Pump w/Backup, Walk Out

Fireplace Information
# of Fireplaces: 1
Fireplace Features: Gas Log, Great Room

Heating & Cooling
Heating Information: High Efficiency (90%+ AFUE )
Cooling Information: Central Electric, Wall Unit(s)

Interior Features
Interior Features: Attic Access, Vaulted Ceiling(s), Pantry
Appliances: Dishwasher, Dryer, Disposal, Gas Water Heater, Gas Oven, Refrigerator, Washer, Water Purifier

Exterior

Building Information
Percent Optional Level Finished: 100%

Exterior Features
Patio And Porch Features: Gazebo, Open Patio
Exterior Features: Barn Pole, Barn Storage, Gas Grill, Out Building With Utilities, Outdoor Fire Pit
Fencing: Partial

Farm Information
Horse Amenities: Stable(s)

Property Information
Other Equipment: Radon System
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: 5-10 Acres

Lot Information
Lot Size Acres: 9.05
Lot Features: Rural - Not Subdivision, Mature Trees, Wooded

Utilities

Utility Information
Utility Prim Sewage Disp: Septic
Water Source: Private Well, Other
Utilities: Electricity Connected, Gas, Septic System, Well
Solid Waste Information: Yes
Fuel Information: No Fuel Source

Location

School Information
Elementary School: West Newton Elementary School
Middle Or Junior High School: Decatur Middle School
High School: Decatur Central High School
High School District: MSD Decatur Township

Location Information
Directions: I465 or Southport Rd to Mann Rd, South to Ralston, West to house, 3rd Driveway on the Right (look for Carpenter sign)
Tax Legal Description: Pt E1/2 Ne1/4 S24 T14n R2e Comm Sw Cor E1/2 Ne1/4 24-14-2 E650 To P.O.B. N225 W92.26 N205.04 W116.94 N448.41 E109.75 N452.03

Public facts

Beds: 4
Baths: 3.0
Sq. Ft.: 4,544
Stories: 1.0
Lot Size: 9.05 acres
Style: Single Family Residential
Year Built: 1992
Year Renovated: 2010
County: Marion County
APN: 491324106003000200

Home facts updated by county records on Oct 19, 2026

Other

Listing Information
Attribution Contact: lwright@callcarpenter.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Concrete Perimeter
Construction Materials: Brick
Levels: One

Around this home

Schools

West Newton Elementary School

Public K-6 • Assigned • 1.6mi

5/10

Decatur Middle School

Public 7-8 • Assigned • 3.4mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 3.2mi

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

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

1 unhealthy days expected this year, 1 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

$655,000 – $793,000

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Home values near 5404 W Ralston Rd

Data from public records.

Address	Redfin Estimate
5446 W Ralston Road #0, Indianapolis, IN 3 Beds \| 2 Baths \| 1121 Sq. Ft.	$216,231
5340 W Ralston Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1250 Sq. Ft.	$209,523

Address	Redfin Estimate
5410 W Ralston Road, Indianapolis, IN 3 Beds \| - Baths \| 1461 Sq. Ft.	$234,194
5640 W Ralston Road, Indianapolis, IN 3 Beds \| - Baths \| 1144 Sq. Ft.	$233,470

Address	Redfin Estimate
5434 W Ralston Road, Indianapolis, IN 4 Beds \| 1 Baths \| 2760 Sq. Ft.	$486,552
5548 W Ralston Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1707 Sq. Ft.	$262,508

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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