OFF MARKET

Off Market Dec 2022 for $155K

$185,862

•

1,074

sq ft

5425 Margate Rd, Indianapolis, IN 46221

About this home

This Cozy home comes with an open floor plan. Home has 3 bedrooms and 2 full bathrooms and a detached garage. It is located in a quiet neighborhood in Decatur Township. It is completely renovated in 2022 including but not limited to; new Paint, new floor, new windows and doors, new kitchen cabinets, counter tops, sinks and plumbing works, etc. New siding and smooth driveway. Kitchen appliances included.

Single-familyProperty Type

1948Year Built

6,098 sq ftLot Size

$173Est. Price/Sq.Ft.

1 car garageParking

Listed by Biak Sui • Mang Tha Real Estate, LLC

Contact: anusui18@gmail.com

Bought with Katherine Collins • @properties

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #21889971

Redfin Estimate

$185,862

$30K since sold in December 2022$3,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 7.1% lower than the average sale price ($200K) of 6 comparable homes.

SOLD JUL 27, 2026
$215,000
A
3 beds2 baths1,248 sq ft
4221 Solun Rd, Indianapolis, IN 46221
SOLD JUL 1, 2026
$174,000
B
3 beds2 baths1,362 sq ft
3150 S Lyons Ave, Indianapolis, IN 46241
SOLD AUG 7, 2026
$210,000
C
3 beds2 baths1,164 sq ft
5048 Emmert Dr, Indianapolis, IN 46221
SOLD JUL 14, 2026
$202,500
D
3 beds2 baths1,022 sq ft
5037 Seerley Creek Rd, Indianapolis, IN 46241
SOLD MAY 20, 2026
$199,500
E
3 beds2 baths1,092 sq ft
5120 Seerley Creek Rd, Indianapolis, IN 46241
SOLD APR 30, 2026
$200,000
F
3 beds2 baths982 sq ft
3102 Carlsbad Dr, Indianapolis, IN 46241

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Earn from this home

Rent

$1,483/mo

Redfin rental estimate

List your home for rent

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

NEW 11 HRS AGO
$285,000
3 beds2 baths2,816 sq ft
6302 W Loretta Dr, Indianapolis, IN 46221
NEW 22 HRS AGO
$217,000
3 beds2 baths1,075 sq ft
6136 Rocky River Dr, Indianapolis, IN 46221
NEW 29 HRS AGO
$230,000
3 beds1.5 baths1,620 sq ft
6034 W Loretta Dr, Indianapolis, IN 46221
$227,750
3 beds2 baths1,829 sq ft
1007 S Tremont St, Indianapolis, IN 46221
$170,000
3 beds2 baths1,201 sq ft
6613 Nodlehs Dr, Indianapolis, IN 46221
$105,000
3 beds1 bath2,496 sq ft
840 S Pershing Ave, Indianapolis, IN 46221
OPEN TODAY, 12PM TO 2PM
$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
See all

Provided by Redfin

Sale history for 5425 Margate Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21889971

Dec 19, 2022

Sold

$155,500

$145/sq ft

Nov 16, 2022

Pending

—

Nov 10, 2022

Relisted

—

Nov 10, 2022

Price Changed

$162,000

$151/sq ft

Oct 25, 2022

Pending

—

Oct 24, 2022

Listed

$159,000

$148/sq ft

MIBOR as Distributed by MLS Grid #21856479

Jun 10, 2022

Sold

$68,000

$63/sq ft

May 27, 2022

Pending

—

May 20, 2022

Listed

$70,000

$65/sq ft

+13

This value-add construction opportunity sits in a quiet neighborhood in Decatur Township Schools. It needs everything, but has already been gutted down to the studs and is ready to rehab. The current plan is set up for 3 bedrooms and one bathrooms, but could be reconfigured to add another bathroom. There is also a 1 car detached garage. The property is on city water and a septic system. Easy access to I-465, the airport, and downtown Indy.

MIBOR as Distributed by MLS Grid #21706152

Jun 4, 2020

Sold

$33,900

$32/sq ft

May 22, 2020

Pending

—

May 18, 2020

Price Changed

$33,900

$32/sq ft

May 2, 2020

Price Changed

$39,900

$37/sq ft

Apr 21, 2020

Listed

$45,000

$42/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$1,537 (−10.8%)

$13,800 + $130,100

$143,900

2024

$1,724 (+16.2%)

$13,800 + $133,200

$147,000

2023

$1,484 (+111.4%)

$13,800 + $133,200

$147,000

2022

$702 (−69.6%)

$13,800 + $112,900

$126,700

2021

$2,310 (+54.2%)

$13,800 + $60,300

$74,100

2020

$1,498 (−6.7%)

$13,800 + $60,300

$74,100

2019

$1,605 (+5.1%)

$13,800 + $52,000

$65,800

2018

$1,526 (−0.1%)

$13,800 + $52,000

$65,800

2017

$1,528 (+1.9%)

$13,800 + $48,800

$62,600

2016

$1,500 (+9.0%)

$13,800 + $48,800

$62,600

2015

$1,376 (+119.8%)

$13,800 + $47,800

$61,600

2014

$626 (+2.6%)

$13,800 + $46,500

$60,300

2013

$610

$13,800 + $45,700

$59,500

Tax history for 5425 Margate Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,537 (−10.8%)

$13,800 + $130,100

$143,900

2024

$1,724 (+16.2%)

$13,800 + $133,200

$147,000

2023

$1,484 (+111.4%)

$13,800 + $133,200

$147,000

2022

$702 (−69.6%)

$13,800 + $112,900

$126,700

2021

$2,310 (+54.2%)

$13,800 + $60,300

$74,100

2020

$1,498 (−6.7%)

$13,800 + $60,300

$74,100

2019

$1,605 (+5.1%)

$13,800 + $52,000

$65,800

2018

$1,526 (−0.1%)

$13,800 + $52,000

$65,800

2017

$1,528 (+1.9%)

$13,800 + $48,800

$62,600

2016

$1,500 (+9.0%)

$13,800 + $48,800

$62,600

2015

$1,376 (+119.8%)

$13,800 + $47,800

$61,600

2014

$626 (+2.6%)

$13,800 + $46,500

$60,300

2013

$610

$13,800 + $45,700

$59,500

*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

56 ft.

Lot depth

110 ft.

Lot size

6,098 Sq. Ft.

Year renovated

1996

Sq. Ft.

1,074

Year built

1948

Style

Single Family Residential

County

Marion County

APN

491236115046000200

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

AIRSPACE SECONDARY ZONING DISTRICT

METRO

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

Airspace Secondary Zoning District
Metro Context Area

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

Jul 18, 2022 • Final

Drainage permit-1-2 family

Addition

Remodel

Feb 9, 2022 • Final

Improvement location permit-1-2 family

Renovate an existing single-family home. Construct a rear addition and a second-story addition.

Addition

Remodel

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: 360
Parking Features: Detached
Garage Spaces: 1
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 1074
Living Area: 1074
Main Level Sq. Ft.: 1074

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: 3
Full Bathrooms MU: 2

Room 1 Information
Room Type: Kitchen
Room Features: Laminate
Room Dimensions: 10x10
Room Level: Main

Room 2 Information
Room Features: Carpet
Room Dimensions: 16x12
Room Level: Main

Room 3 Information
Room Type: Bedroom 2
Room Features: Carpet
Room Dimensions: 10x10
Room Level: Main

Room 4 Information
Room Type: Bedroom 3
Room Features: Carpet
Room Dimensions: 10x10
Room Level: Main

Room 5 Information
Room Type: Living Room
Room Features: Laminate
Room Dimensions: 13x12
Room Level: Main

Room 6 Information
Room Type: Dining Room
Room Features: Laminate
Room Dimensions: 13x12
Room Level: Main

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

Heating & Cooling
Heating Information: Forced Air, Gas
Cooling Information: Central Electric, None

Interior Features
Interior Features: Attic Access
Appliances: None, Gas Water Heater

Exterior

Property Information
Ownership Interest Types: Other/See Remarks
Other Equipment: Not Applicable
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.14

Utilities

Utility Information
Utility Prim Sewage Disp: Septic
Water Source: Municipal/City
Solid Waste Information: No

Location

HOA Information
Has HOA

School Information
High School District: MSD Decatur Township

Location Information
Directions: From 465 take the Kentucky Ave exit, turn North or right on Lynhurst. Then turn Right on Margate Rd. Home is on the Left.
Tax Legal Description: NEWLYNN L057

Public facts

Beds: 3
Baths: —
Sq. Ft.: 1,074
Stories: 1.0
Lot Size: 6,098 square feet
Style: Single Family Residential
Year Built: 1948
Year Renovated: 1996
County: Marion County
APN: 491236115046000200

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: anusui18@gmail.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Block
Construction Materials: Vinyl Siding
Levels: One

Around this home

Schools

Liberty Early Elementary School

Public PreK-6 • Assigned • 0.9mi

5/10

Decatur Middle School

Public 7-8 • Assigned • 1.6mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 1.6mi

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

$177,000 – $214,000

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

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OPEN TODAY, 12PM TO 2PM3D WALKTHROUGH

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Home values near 5425 Margate Rd

Data from public records.

Address	Redfin Estimate
5420 Margate Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1040 Sq. Ft.	$206,986
5401 Margate Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1824 Sq. Ft.	$247,592

Address	Redfin Estimate
5412 Margate Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1200 Sq. Ft.	$223,337
5428 Margate Road, Indianapolis, IN 4 Beds \| 1 Baths \| 1115 Sq. Ft.	$193,545

Address	Redfin Estimate
5335 Margate Road, Indianapolis, IN 2 Beds \| 1 Baths \| 1000 Sq. Ft.	$163,069
4104 S Biltmore Avenue, Indianapolis, IN 2 Beds \| - Baths \| 1080 Sq. Ft.	$87,772

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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