Google street view image for 5443 Lippan Way, Indianapolis, IN 46221

OFF MARKET

$280,395

•

1.5 ba

•

1,808

sq ft

5443 Lippan Way, Indianapolis, IN 46221

About this home

5443 Lippan Way is a 1,808 square foot house on a 9,583 square foot lot with 3 bedrooms and 1.5 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $280,395.

Single-familyProperty Type

1999Year Built

9,583 sq ftLot Size

$155Est. Price/Sq.Ft.

3 car garageParking

Source:Public Records

Redfin Estimate

$280,395

$1,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 15.1% higher than the average sale price ($244K) of 6 comparable homes.

SOLD JUL 2, 2026
$255,000
A
3 beds2 baths1,383 sq ft
5736 Woodcote Dr, Indianapolis, IN 46221
SOLD MAY 26, 2026
$237,500
B
3 beds2.5 baths1,540 sq ft
5340 W Red River Ct, Indianapolis, IN 46221
SOLD JUL 17, 2026
$255,000
C
3 beds2.5 baths1,656 sq ft
5425 Powder River Ct, Indianapolis, IN 46221
SOLD MAY 11, 2026
$246,000
D
3 beds2.5 baths1,540 sq ft
5209 Longmeadow Ct, Indianapolis, IN 46221
SOLD JUN 19, 2026
$245,000
E
4 beds2.5 baths1,980 sq ft
6339 Cradle River Dr, Indianapolis, IN 46221
SOLD FEB 27, 2026
$223,000
F
3 beds2.5 baths1,848 sq ft
6412 Cradle River Dr, Indianapolis, IN 46221

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Earn from this home

Sell

$262,216

Est. take-home

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Rent

$1,719/mo

Redfin rental estimate

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Market trends in 46221, IN

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.0%

+0.1% MoM

Median sale price

$231K

$1K MoM

Avg. days on market

31d

10 days MoM

Recently sold homes

105

19 MoM

New listings for sale

$105,000
3 beds1 bath2,496 sq ft
840 S Pershing Ave, Indianapolis, IN 46221
3D WALKTHROUGH
$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
$200,000
3 beds1.5 baths1,159 sq ft
5821 Furnas Rd, Indianapolis, IN 46221
See all

Provided by Redfin

Sale history for 5443 Lippan Way

Year

Property tax

Land + Additions

Assessment*

2025

$2,902 (−6.1%)

$13,600 + $261,900

$275,500

2024

$3,089 (+13.7%)

$13,600 + $252,500

$266,100

2023

$2,716 (+11.9%)

$13,600 + $252,500

$266,100

2022

$2,428 (−44.8%)

$13,600 + $221,200

$234,800

2021

$4,399 (+14.2%)

$13,600 + $174,500

$188,100

2020

$3,852 (+6.8%)

$13,600 + $174,500

$188,100

2019

$3,606 (+7.8%)

$13,600 + $156,200

$169,800

2018

$3,345 (+0.1%)

$13,600 + $140,100

$153,700

2017

$3,340 (+6.2%)

$13,600 + $129,200

$142,800

2016

$3,146 (+8.1%)

$13,600 + $129,200

$142,800

2015

$2,911 (+7.2%)

$13,600 + $121,000

$134,600

2014

$2,716 (+19.8%)

$13,600 + $115,000

$128,600

2013

$2,267

$13,600 + $106,000

$119,600

Tax history for 5443 Lippan Way

Year

Property tax

Land + Additions

Assessment*

2025

$2,902 (−6.1%)

$13,600 + $261,900

$275,500

2024

$3,089 (+13.7%)

$13,600 + $252,500

$266,100

2023

$2,716 (+11.9%)

$13,600 + $252,500

$266,100

2022

$2,428 (−44.8%)

$13,600 + $221,200

$234,800

2021

$4,399 (+14.2%)

$13,600 + $174,500

$188,100

2020

$3,852 (+6.8%)

$13,600 + $174,500

$188,100

2019

$3,606 (+7.8%)

$13,600 + $156,200

$169,800

2018

$3,345 (+0.1%)

$13,600 + $140,100

$153,700

2017

$3,340 (+6.2%)

$13,600 + $129,200

$142,800

2016

$3,146 (+8.1%)

$13,600 + $129,200

$142,800

2015

$2,911 (+7.2%)

$13,600 + $121,000

$134,600

2014

$2,716 (+19.8%)

$13,600 + $115,000

$128,600

2013

$2,267

$13,600 + $106,000

$119,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

METRO

Dwelling District Four

The D-4 District is intended for low or medium intensity single-family and two-family residential development. Land in this District needs good thoroughfare access, relatively flat topography, and nearby community and neighborhood services and facilities with pedestrian linkages. Provisions for recreational facilities serving the neighborhood within walking distance are vitally important. Trees fulfill an important cooling and drainage role for the individual lots in this District. The D-4 District has a typical density of 4.2 units per gross acre. This District fulfills the low density residential classification of the Comprehensive General Land Use Plan. All public utilities and facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.

Zone overlays

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

Mar 12, 2021 • Final

Heating & cooling - 1-2 family

Remove and replace the heating and air conditioning system.

HVAC

Mar 26, 2002 • Final

Right of way permit-excavation

Repair a service leak.

Grading

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

Interior

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of Bathroom Fixtures: 10

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Fireplace Information
Fireplace Type: Masonry
Has Fireplace

Room Information
# of Rooms: 7

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Masonry
Building Type: Single Family

Property Information
Subdivision Name: PHEASANT RUN SEC 9
Living Sq. Ft: 1,808
Adjusted Gross Sq. Ft: 1,952
Ground Floor Sq. Ft: 1,140
Building Sq. Ft: 2,352
# of Stories: 2
Legal Description: PHEASANT RUN SEC 9 L441

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 400
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 9,583
Legal Lot Number: 441
Municipality Name: DECATUR, OUTSIDE
Acres: 0.22
Depth Footage: 114
Front Footage: 70
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 1.5
Sq. Ft.: 1,808
Stories: 2.0
Lot Size: 9,583 square feet
Style: Single Family Residential
Year Built: 1999
Year Renovated: 1999
County: Marion County
APN: 491312100064000200

Home facts updated by county records on May 11, 2026

Around this home

Schools

Gold Academy

Public K-6 • Assigned • 1.3mi

4/10

Decatur Middle School

Public 7-8 • Assigned • 2.0mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 1.9mi

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

0% 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

$267,000 – $323,000

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Home values near 5443 Lippan Way

Data from public records.

Address	Redfin Estimate
5535 Lippan Way, Indianapolis, IN 4 Beds \| 1.5 Baths \| 1882 Sq. Ft.	$225,034
5452 Lippan Way, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2132 Sq. Ft.	$277,671

Address	Redfin Estimate
5442 Lippan Way, Indianapolis, IN 3 Beds \| 1 Baths \| 1390 Sq. Ft.	$153,317
5438 Lippan Way, Indianapolis, IN 4 Beds \| 1.5 Baths \| 2803 Sq. Ft.	$306,057

Address	Redfin Estimate
5439 Lippan Way, Indianapolis, IN 4 Beds \| 1.5 Baths \| 2132 Sq. Ft.	$284,114
5502 Lippan Way, Indianapolis, IN 3 Beds \| 2 Baths \| 1196 Sq. Ft.	$223,498

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