OFF MARKET

Off market jan 2025 for $675K

$736,648

•

4,350

sq ft

5438 W Ralston Rd, Indianapolis, IN 46221

About this home

Pristine property that you been looking for, this 8.7+- acres SELLING PARCEL #4 at this time. This home has it all, from a beautiful in-laws area, to the six car garage. Mechanics dream, or car enthusiast. The roof is 4 years old and was totally painted 3 years ago. This location gives you the peace of mind you have been seeking but the convenience of being close to everything. This one owner home has been taken care of meticulously well and maintained with loads of documentation.

Single-familyProperty Type

1968Year Built

8.6 acresLot Size

$169Est. Price/Sq.Ft.

4 car garageParking

Listed by Scott Smith • Keller Williams Indy Metro Partners

Listed by David Knight • Keller Williams Indy Metro Partners

Contact: sasmith@kw.com

Bought with Kylen Wells-Elmore • MyHomeIndy.com

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #21986900

Redfin Estimate

$736,648

$62K since sold in January 2025$4,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 67.6% higher than the average sale price ($440K) of 6 comparable homes.

SOLD JUN 24, 2026
$552,500
A
5 beds3.5 baths3,586 sq ft
4712 Auburn Frd, Greenwood, IN 46142
SOLD AUG 14, 2026
$500,000
B
3 beds2.5 baths2,860 sq ft
5730 W Epler Rd, Indianapolis, IN 46221
SOLD JUN 25, 2026
$415,000
C
4 beds2.5 baths4,452 sq ft
322 Wakefield Dr E, Greenwood, IN 46142
SOLD SEP 1, 2026
$380,000
D
4 beds3.5 baths5,304 sq ft
5075 Olive Branch Rd, Greenwood, IN 46143
SOLD JUN 5, 2026
$390,000
E
4 beds2.5 baths3,224 sq ft
594 Homestead Ln, Greenwood, IN 46142
SOLD JUL 27, 2026
$400,000
F
4 beds2.5 baths3,894 sq ft
5400 Wakefield Dr S, Greenwood, IN 46142

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Earn from this home

Sell

$169,280

Est. take-home

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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
4 beds2.5 baths2,382 sq ft
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
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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 5438 W Ralston Rd

Tax history for 5438 W Ralston Rd

*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

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

17.62 Acres

Year renovated

1968

Sq. Ft.

4,350

Year built

1968

Style

Ranch

County

Marion County

APN

491324106014000200

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: 864
Garage Parking Other: Finished Garage
Parking Features: Detached, Garage Door Opener
Garage Spaces: 4
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 4350
Living Area: 4035
Main Level Sq. Ft.: 1788
Upper Level Sq. Ft.: 1302
Lower/Basement Level Sq. Ft (Finished): 945

Bedroom Information
# of Upper Bedrooms: 4
# of Bedrooms Main: 1
Beds MU: 5
Bedrooms MU: 5

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

Room 1 Information
Room Type: Family Room
Room Features: Carpet
Room Dimensions: 16x26
Room Level: Main

Room 2 Information
Room Type: Dining Room
Room Features: Carpet
Room Dimensions: 14x15
Room Level: Main

Room 3 Information
Room Type: Kitchen
Room Features: Laminate
Room Dimensions: 11x14
Room Level: Main

Room 4 Information
Room Type: Laundry
Room Features: Carpet
Room Dimensions: 15x28
Room Level: Main

Room 5 Information
Room Features: Carpet
Room Dimensions: 17x19
Room Level: Upper

Room 6 Information
Room Type: Bedroom 2
Room Features: Carpet
Room Dimensions: 11x15
Room Level: Upper

Room 7 Information
Room Type: Bedroom 3
Room Features: Carpet
Room Dimensions: 13x15
Room Level: Upper

Room 8 Information
Room Type: Bedroom 4
Room Features: Carpet
Room Dimensions: 10x15
Room Level: Upper

Room 9 Information
Room Type: Kitchen
Room Features: Carpet
Room Dimensions: 8x12
Room Level: Main

Room 10 Information
Room Type: Bedroom 5
Room Features: Carpet
Room Dimensions: 10x13
Room Level: Main

Other Rooms Information
Rooms Upper: 4
Rooms Main: 5
Rooms Basement: 0
# of Rooms: 9

Laundry Room Information
Laundry Features: Main Level

Basement Information
Has Basement

Fireplace Information
# of Fireplaces: 1
Fireplace Features: Living Room

Heating & Cooling
Heating Information: Gas
Cooling Information: Central Electric

Interior Features
Interior Features: Breakfast Bar, In-Law Arrangement, Eat-in Kitchen
Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator, Water Softener Owned

Exterior

Building Information
Percent Optional Level Finished: 75

Exterior Features
Patio And Porch Features: Open Patio

Farm Information
Horse Amenities: None

Property Information
Other Equipment: Security Alarm Monitored, Smoke Alarm, Sump Pump
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: 5-10 Acres

Lot Information
Lot Size Acres: 8.663
Lot Features: Mature Trees, Wooded

Utilities

Utility Information
Utility Prim Sewage Disp: Septic
Water Source: Private Well
Solid Waste Information: No

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: From Mann Rd and Ralston Rd, go west to property located on the North side of Ralston
Tax Legal Description: Pt E1/2 Ne1/4 S24 T14 R2 420' E On Sl P.O.B. W25' N225' W395' N2105.69' E320' Irr Se2337.75' To Beg 17.62Ac

Public facts

Beds: 4
Baths: 1.0
Sq. Ft.: 4,350
Stories: 2.0
Lot Size: 17.62 acres
Style: Ranch
Year Built: 1968
Year Renovated: 1968
County: Marion County
APN: 491324106014000200

Home facts updated by county records on Oct 19, 2026

Other

Listing Information
Attribution Contact: sasmith@kw.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Block, Crawl Space
Construction Materials: Brick
Levels: Two

Around this home

Schools

West Newton Elementary School

Public K-6 • Assigned • 1.4mi

5/10

Decatur Middle School

Public 7-8 • Assigned • 3.2mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 3.1mi

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 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

$700,000 – $848,000

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Home values near 5438 W Ralston Rd

Data from public records.

Address	Redfin Estimate
5404 W Ralston Road, Indianapolis, IN 3 Beds \| 3 Baths \| 4544 Sq. Ft.	$689,462
5434 W Ralston Road, Indianapolis, IN 4 Beds \| 1 Baths \| 2760 Sq. Ft.	$486,552

Address	Redfin Estimate
5446 W Ralston Road Unit 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

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2024. This data may not match . Learn more.

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