Welcome to this recently renovated, charming two-story home set on an expansive 0.78-acre lot in Central Indiana, offering a delightful blend of character, space, and convenient access to local amenities. Featuring 3 bedrooms, 1.5 baths and a full basement. The interior showcases a massive main-level living room, an eat-in kitchen, and a versatile flex room ideal for a home office, hobby area, or main-floor living space. Outdoors, the picturesque grounds feature mature shade trees, an outbuilding ideal for extra storage or creative use, a detached two-car garage, and a serene backyard that gently rolls down to a creek. This property provides easy access to nearby shopping centers, local dining, and premier outdoor recreational spots including Eagle Creek Park.
Great commercial location (currently zoned residential). Most recent tenant used family room as a 4th bedroom and used closet right outside room. Large lot with lots of mature trees. Back of lot rolls down to creek. Outbuilding could be any number of things including a potting shed or children's playhouse. Seller is also open to a land contract depending on financing needs!
MIBOR as Distributed by MLS Grid #21529800
Jan 9, 2018
Listing Removed
—
Jan 2, 2018
Listing Removed
—
Dec 28, 2017
Listed
$190,000
$76/sq ft
MIBOR as Distributed by MLS Grid #21459934
May 23, 2017
Listing Removed
—
Apr 4, 2017
Price Changed
$94,900
$38/sq ft
Jan 11, 2017
Listed
$99,900
$40/sq ft
MIBOR as Distributed by MLS Grid #2401679
Jan 9, 2004
Listed
$90,000
$36/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,433 (+13.4%)
$10,500 + $214,600
$225,100
2024
$4,792
$10,500 + $185,500
$196,000
2023
$4,787 (+2.3%)
$10,500 + $185,500
$196,000
2022
$4,681 (+125.4%)
$10,500 + $185,500
$196,000
2021
$2,076 (+4.2%)
$10,500 + $135,800
$146,300
2020
$1,993 (+8.8%)
$10,500 + $135,800
$146,300
2019
$1,832 (+26.7%)
$10,500 + $130,400
$140,900
2018
$1,445 (+2.9%)
$10,500 + $118,200
$128,700
2017
$1,405 (+1.2%)
$10,500 + $42,700
$53,200
2016
$1,388 (+13.4%)
$10,500 + $42,700
$53,200
2015
$1,224 (+18.7%)
$10,500 + $42,200
$52,700
2014
$1,031
$10,500 + $41,500
$52,000
2013
$1,031
$10,500 + $40,900
$51,400
Public record
Public record
Zoning
Permits
Beds
3
Baths
—
Stories
2
Lot width
121 ft.
Lot depth
279 ft.
Lot size
0.78 Acres
Year renovated
1935
Finished Sq. Ft.
1,516
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,516
Year built
1935
Style
Single Family Residential
County
Marion County
APN
491201106148000900
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D2
AIRSPACE SECONDARY ZONING DISTRICT
METRO
Dwelling District Two
The D-2 District is intended for use in suburban areas. Ample yards, trees and passive open spaces easily serving each individual lot are envisioned for this District. The D-2 District has a typical density of 1.9 units per gross acre. Two-family dwellings are permitted on corner lots in this District. This District fulfills the lowest density recommendation of the Comprehensive General Land Use Plan. Public water and sewer 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
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
Park & open space
Mar 1, 1996 • Final
Heating & cooling permit-1-2 family-replacement
HVAC
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.
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, 17 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46224
Average low and high temperatures (°F)
33
17
42
26
60
40
68
48
72
54
83
66
87
71
82
65
82
58
71
49
54
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Indianapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5540 Rockville Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $215,000 and $315,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $215K to $315K.