OFF MARKET

Off Market Sep 2021 for $195K

$256,328

•

1,448

sq ft

5514 W Thompson Rd, Indianapolis, IN 46221

About this home

Single-familyProperty Type

1961Year Built

0.72 acresLot Size

$177Est. Price/Sq.Ft.

4 car garageParking

Listed by Jeneene West • Jeneene West Realty, LLC

Listed by Gregg West • Jeneene West Realty, LLC

Contact: jwest@jwestrealty.com

Bought with Jeneene West • Jeneene West Realty, LLC

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21804494

Redfin Estimate

$256,328

$61K since sold in September 2021$0 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 15.1% higher than the average sale price ($223K) of 6 comparable homes.

SOLD JUL 27, 2026
$215,000
A
3 beds2 baths1,248 sq ft
4221 Solun Rd, Indianapolis, IN 46221
SOLD MAR 25, 2026
$205,000
B
3 beds2 baths1,408 sq ft
4205 Solun Rd, Indianapolis, IN 46221
SOLD MAY 7, 2026
$219,000
C
3 beds2 baths1,261 sq ft
4838 Guthrie Dr, Indianapolis, IN 46221
SOLD APR 30, 2026
$242,000
D
3 beds2 baths1,485 sq ft
5307 Honey Manor Dr, Indianapolis, IN 46221
SOLD APR 20, 2026
$265,000
E
3 beds2 baths1,384 sq ft
5537 Char Dr, Indianapolis, IN 46221
SOLD MAY 20, 2026
$190,000
F
3 beds1.5 baths1,284 sq ft
5565 Varna Dr, Indianapolis, IN 46221

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Earn from this home

Sell

$98,530

Est. take-home

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Rent

$1,710/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 5514 W Thompson Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,727 (−7.5%)

$17,300 + $235,600

$252,900

2024

$2,946 (−7.0%)

$17,300 + $231,300

$248,600

2023

$3,168 (+7.3%)

$17,300 + $231,300

$248,600

2022

$2,952 (+32.1%)

$17,300 + $203,900

$221,200

2021

$2,234 (+61.0%)

$17,300 + $148,900

$166,200

2020

$1,387 (−12.9%)

$17,300 + $148,900

$166,200

2019

$1,592 (+15.0%)

$17,300 + $123,100

$140,400

2018

$1,385 (+20.9%)

$17,300 + $123,100

$140,400

2017

$1,145 (−25.3%)

$17,300 + $103,400

$120,700

2016

$1,532 (+1.6%)

$17,300 + $103,400

$120,700

2015

$1,508 (+19.5%)

$17,300 + $120,300

$137,600

2014

$1,262 (+2.4%)

$17,300 + $120,300

$137,600

2013

$1,233

$17,300 + $111,300

$128,600

Tax history for 5514 W Thompson Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,727 (−7.5%)

$17,300 + $235,600

$252,900

2024

$2,946 (−7.0%)

$17,300 + $231,300

$248,600

2023

$3,168 (+7.3%)

$17,300 + $231,300

$248,600

2022

$2,952 (+32.1%)

$17,300 + $203,900

$221,200

2021

$2,234 (+61.0%)

$17,300 + $148,900

$166,200

2020

$1,387 (−12.9%)

$17,300 + $148,900

$166,200

2019

$1,592 (+15.0%)

$17,300 + $123,100

$140,400

2018

$1,385 (+20.9%)

$17,300 + $123,100

$140,400

2017

$1,145 (−25.3%)

$17,300 + $103,400

$120,700

2016

$1,532 (+1.6%)

$17,300 + $103,400

$120,700

2015

$1,508 (+19.5%)

$17,300 + $120,300

$137,600

2014

$1,262 (+2.4%)

$17,300 + $120,300

$137,600

2013

$1,233

$17,300 + $111,300

$128,600

*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

0.52 Acres

Year renovated

1966

Sq. Ft.

1,494

Year built

1966

Style

Single Family Residential

County

Marion County

APN

491236124004000200

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

AIRSPACE SECONDARY ZONING DISTRICT

METRO

Dwelling District Three

The D-3 District provides for low or medium intensity residential development. Land in this District should have good thoroughfare access, be relatively flat in topography, and be afforded pedestrian linkages to community and neighborhood services and facilities (schools, parks, shopping areas, etc.). Recreational facilities developed for the neighborhood complement the treed yards on the individual lots. Predominantly single-family detached dwellings are envisioned with two-family dwellings on corner lots in this District. The D-3 District has a typical density of 2.6 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 considerations, including vegetation, topography, drainage and wildlife.

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

Property details

Parking

Parking Information
Garage SqFt: 480
Parking Features: Attached, Detached
Garage Spaces: 4
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 1448
Living Area: 1448
Main Level Sq. Ft.: 1448

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: Family Room
Room Features: Hardwood
Room Dimensions: 15x14
Room Level: Main

Room 2 Information
Room Type: Kitchen
Room Features: Vinyl
Room Dimensions: 12x12
Room Level: Main

Room 3 Information
Room Type: Living Room
Room Features: Hardwood
Room Dimensions: 14x15
Room Level: Main

Room 4 Information
Room Features: Hardwood
Room Dimensions: 16x15
Room Level: Main

Room 5 Information
Room Type: Bedroom 2
Room Features: Hardwood
Room Dimensions: 10x12
Room Level: Main

Room 6 Information
Room Type: Bedroom 3
Room Features: Hardwood
Room Dimensions: 12x14
Room Level: Main

Other Rooms Information
Rooms Upper: 0
Rooms Main: 7
Rooms Basement: 0
# of Rooms: 7

Basement Information
Basement Features: Crawl Space

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

Heating & Cooling
Heating Information: Forced Air, Gas
Cooling Information: Central Electric

Interior Features
Interior Features: Attic Access
Appliances: Dishwasher, Gas Oven, Refrigerator, Gas Water Heater

Exterior

Property Information
Ownership Interest Types: No Assoc
Other Equipment: Smoke Alarm
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: 1/2-1 Acre

Lot Information
Lot Size Acres: 0.72

Utilities

Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Municipal/City
Solid Waste Information: Yes

Location

School Information
High School District: MSD Decatur Township

Location Information
Directions: Stop 11 Rd west of Meridian St or east from Belmont St.
Tax Legal Description: SE1/4 SE1/4 S36 T15 R2 325' E SW COR P.O.B. N250' E125' S250' W125' TO BEG 0.72AC

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,494
Stories: 1.0
Lot Size: 0.52 acres
Style: Single Family Residential
Year Built: 1966
Year Renovated: 1966
County: Marion County
APN: 491236124004000200

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: jwest@jwestrealty.com

Green Information
Green Certification YN: No

Home Information
Construction Materials: Brick
Levels: One

Around this home

Schools

Valley Mills Elementary School

Public K-6 • Assigned • 0.6mi

6/10

Decatur Middle School

Public 7-8 • Assigned • 1.1mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 1.1mi

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

4/10 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

$244,000 – $295,000

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Home values near 5514 W Thompson Rd

Data from public records.

Address	Redfin Estimate
5534 W Thompson Road, Indianapolis, IN 3 Beds \| - Baths \| 1201 Sq. Ft.	$222,732
5508 W Thompson Road, Indianapolis, IN 3 Beds \| - Baths \| 1216 Sq. Ft.	$212,016

Address	Redfin Estimate
5540 W Thompson Road, Indianapolis, IN 3 Beds \| 2 Baths \| 2202 Sq. Ft.	$287,467
5550 W Thompson Road, Indianapolis, IN 3 Beds \| - Baths \| 1524 Sq. Ft.	$227,339

Address	Redfin Estimate
5504 W Thompson Road, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2060 Sq. Ft.	$247,470
4909 Guthrie Drive, Indianapolis, IN 3 Beds \| 2 Baths \| 1560 Sq. Ft.	$259,833

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2021. This data may not match . Learn more.

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