This 3-bedroom, 2.5-bath home offers a functional layout with a main-level primary suite and a 2-car attached garage. The two-story living room with fireplace creates an open and inviting space filled with natural light. Upstairs features two additional bedrooms, a full bathroom, and a spacious loft that can serve as a second living area or home office. The finished basement with electric fireplace provides additional room for relaxing or entertaining. Recent mechanical updates include a new furnace / AC in 2021 and a new water heater in 2025. Roof replaced in 2025. Washer and dryer are included! Conveniently located just minutes from Fort Harrison State Park, offering easy access to trails, outdoor recreation, and nearby amenities.
Single-familyProperty Type
2002Year Built
4,487 sq ftLot Size
$112Price/Sq.Ft.
$42/moHOA Dues
2 car garageParking
Listed by Megan Johnston• Highgarden Real Estate
Listed by Clay Burris• Highgarden Real Estate
Bought with Wendy Frank• Carriage House Real Estate, LLC
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Market trends in 46216, IN
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-List Price
99.0%
0.7% MoM
Median sale price
$285K
$12K MoM
Avg. days on market
23d
11 days MoM
Recently sold homes
5
3 MoM
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Rental estimate
Est. $2,184 per month, based on comparable rentals
Sale and tax history for 5464 Drum Rd
Sale History
Tax History
Date
Event
Price
MIBOR as Distributed by MLS Grid #22087465
Apr 30, 2026
Sold
$263,000
$112/sq ft
Mar 25, 2026
Pending
—
Mar 12, 2026
Listed
$280,000
$119/sq ft
MIBOR as Distributed by MLS Grid #21845717
May 24, 2022
Sold
$257,000
$110/sq ft
Apr 1, 2022
Pending
—
Mar 30, 2022
Relisted
—
+25
Move in condition 3 Bedroom + Loft (easy 4th Bed Conversion), 2.5 Bath, 2 Car Garage + Full Fin 90%+ BSMT with Rare MAIN FLOOR OWNERS Bedroom Suite. As you enter a 2 story Great Room greets you with a Gorgeous Stacked Stone Gas Fireplace leading into the Nearby Breakfast Nook + Oversized Kitchen with Cabinets Galore overlooking your Nearly New FENCED in BACK YARD. The Main floor also includes a 1/2 Bath, Large Laundry room & Convenient Owners Bedroom Retreat w/ Large Closet, Stand up Tub & Shower + Sink. Upstairs Features 2 Large secondary Bedrooms, Full Bath plus a Flexible Bonus Rm/Loft that easily could be a 4th Bedroom Conversion. Less than 2 Miles to I 465 and award Winning Lawrence Schools nearby. NEW HVAC July 2021, Fence 2020.
MIBOR as Distributed by MLS Grid #21704222
May 22, 2020
Sold
$205,155
$87/sq ft
Apr 10, 2020
Pending
—
Apr 9, 2020
Listed
$202,000
$86/sq ft
+23
Don’t miss this move-in ready, fully updated home across from Fort Benjamin Harrison campus. An amazing value for this 3 BR, 2.5 BAs with fully finished basement. Abundant updates include upgraded lighting, fresh paint, California Closets, hardware throughout, wood deck off kitchen, basement flooring, epoxy garage floor, stainless steel appliances, and beautiful fireplace surround. Only steps away from various walking trails. This won’t last long!
Year
Property tax
Land + Additions
Assessment*
2025
$2,821 (+0.2%)
$27,600 + $254,200
$281,800
2024
$2,816 (+0.5%)
$27,600 + $225,600
$253,200
2023
$2,802 (+4.1%)
$27,600 + $225,600
$253,200
2022
$2,692 (+14.0%)
$27,600 + $225,600
$253,200
2021
$2,361 (+37.7%)
$27,600 + $179,800
$207,400
2020
$1,715 (+17.4%)
$27,600 + $179,800
$207,400
2019
$1,461 (+7.9%)
$21,400 + $129,000
$150,400
2018
$1,354 (+4.8%)
$21,400 + $119,800
$141,200
2017
$1,292 (+0.9%)
$21,400 + $103,300
$124,700
2016
$1,280 (+7.3%)
$21,400 + $103,300
$124,700
2015
$1,193 (+9.7%)
$21,400 + $102,300
$123,700
2014
$1,088 (−18.5%)
$21,400 + $97,900
$119,300
2013
$1,335
$21,400 + $96,400
$117,800
Public record
Public record
Zoning
Permits
Beds
—
Baths
1.5
Stories
2
Lot width
—
Lot depth
—
Lot size
4,487 Sq. Ft.
Year renovated
2002
Sq. Ft.
2,070
Year built
2002
Style
Single Family Residential
County
Marion County
APN
490807110056000407
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
DP
METRO
Planned Unit Development
The planned unit development district (D-P) is established for the following
purposes: To encourage a more creative approach in land and building site planning. To encourage and efficient, aesthetic and desirable use of open space. To encourage variety in physical development pattern. To promote street layout and design that increases connectivity in a
neighborhood and improves the directness of routes for vehicles, bicycles, pedestrians, and transit on an open street and multi-modal network providing multiple routes to and from destinations.
To achieve flexibility and incentives for residential, non-residential and mixed-use developments which will create a wider range of housing types as well as amenities to meet the ever changing needs of the community. To encourage renewal of older areas in the metropolitan region where new development and restoration are needed to revitalize areas. To permit special consideration of property with outstanding features, including but not limited to historical significance, unusual topography,
environmentally sensitive areas and landscape amenities. To provide for a comprehensive review and processing of development proposals for developers and the Metropolitan Development Commission by providing for concurrent review of land use, subdivision, public improvements
and siting considerations. To accommodate new site treatments not contemplated in other kinds of
districts.
Zone overlays
Metro Context Area
Aug 14, 2002 • Final
Improvement location permit-1-2 family
Construct a new two-story single-family home with an attached garage, a covered porch, and an unfinished basement.
Addition
New construction
Aug 14, 2002 • Active
Project
Construct a new two-story single-family home with an attached garage, a covered porch, and an unfinished basement.
New construction
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.