OFF MARKET

Off Market Jun 2017 for $164K

$287,467

•

2,202

sq ft

5540 W Thompson Rd, Indianapolis, IN 46221

About this home

Single-familyProperty Type

1965Year Built

0.52 acresLot Size

$131Est. Price/Sq.Ft.

2 car garageParking

Listed by Kyle Johnson • Berkshire Hathaway Home

Listed by Faith Leininger • Berkshire Hathaway Home

Contact: Kylejohnson21@aol.com

Bought with Deirdre Delph • CENTURY 21 Scheetz

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21486367

Redfin Estimate

$287,467

$123K since sold in June 2017$4,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 29.5% higher than the average sale price ($222K) of 6 comparable homes.

SOLD JUL 14, 2026
$248,508
A
3 beds2 baths2,288 sq ft
5349 Gambel Rd, Indianapolis, IN 46221
SOLD JUL 27, 2026
$215,000
B
3 beds2 baths1,248 sq ft
4221 Solun Rd, Indianapolis, IN 46221
SOLD DEC 15, 2025
$259,000
C
3 beds2 baths2,028 sq ft
5344 Tincher Rd, Indianapolis, IN 46221
SOLD JUL 10, 2026
$139,000
D
3 beds1.5 baths2,448 sq ft
5026 Rixon Ave, Indianapolis, IN 46221
SOLD MAR 27, 2026
$265,000
E
3 beds2.5 baths1,848 sq ft
4918 Oaknoll Dr, Indianapolis, IN 46221
SOLD MAR 25, 2026
$205,000
F
3 beds2 baths1,408 sq ft
4205 Solun Rd, Indianapolis, IN 46221

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Earn from this home

Sell

$162,882

Est. take-home

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Rent

$1,908/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

NEW 35 HRS AGO
$105,000
3 beds1 bath2,496 sq ft
840 S Pershing Ave, Indianapolis, IN 46221
NEW 1 DAY AGO
$285,000
3 beds2 baths2,148 sq ft
5514 Winship Ct, Indianapolis, IN 46221
NEW 1 DAY AGO
$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 5540 W Thompson Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,930 (−8.3%)

$17,300 + $255,200

$272,500

2024

$3,195 (+12.7%)

$17,300 + $253,000

$270,300

2023

$2,834 (+7.9%)

$17,300 + $253,000

$270,300

2022

$2,627 (+22.7%)

$17,300 + $223,000

$240,300

2021

$2,141 (+29.5%)

$17,300 + $157,100

$174,400

2020

$1,654 (−8.6%)

$17,300 + $157,100

$174,400

2019

$1,809 (+8.7%)

$17,300 + $129,900

$147,200

2018

$1,665 (+7.6%)

$17,300 + $129,900

$147,200

2017

$1,547 (−51.8%)

$17,300 + $108,900

$126,200

2016

$3,209 (−2.5%)

$17,300 + $108,900

$126,200

2015

$3,290 (+5.8%)

$17,300 + $118,200

$135,500

2014

$3,110 (+13.6%)

$17,300 + $128,000

$145,300

2013

$2,737

$17,300 + $119,600

$136,900

Tax history for 5540 W Thompson Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,930 (−8.3%)

$17,300 + $255,200

$272,500

2024

$3,195 (+12.7%)

$17,300 + $253,000

$270,300

2023

$2,834 (+7.9%)

$17,300 + $253,000

$270,300

2022

$2,627 (+22.7%)

$17,300 + $223,000

$240,300

2021

$2,141 (+29.5%)

$17,300 + $157,100

$174,400

2020

$1,654 (−8.6%)

$17,300 + $157,100

$174,400

2019

$1,809 (+8.7%)

$17,300 + $129,900

$147,200

2018

$1,665 (+7.6%)

$17,300 + $129,900

$147,200

2017

$1,547 (−51.8%)

$17,300 + $108,900

$126,200

2016

$3,209 (−2.5%)

$17,300 + $108,900

$126,200

2015

$3,290 (+5.8%)

$17,300 + $118,200

$135,500

2014

$3,110 (+13.6%)

$17,300 + $128,000

$145,300

2013

$2,737

$17,300 + $119,600

$136,900

*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

1965

Sq. Ft.

2,202

Year built

1965

Style

Single Family Residential

County

Marion County

APN

491236124006000200

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
Parking Features: Attached
Garage Spaces: 2
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 2202
Living Area: 2202
Main Level Sq. Ft.: 1397
Upper Level Sq. Ft.: 805

Bedroom Information
# of Upper Bedrooms: 3
Beds MU: 3
Bedrooms MU: 3

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

Room 1 Information
Room Type: Living Room
Room Features: Carpet
Room Dimensions: 12x16
Room Level: Main

Room 2 Information
Room Type: Great Room
Room Features: Carpet
Room Dimensions: 12x13
Room Level: Main

Room 3 Information
Room Type: Family Room
Room Features: Carpet
Room Dimensions: 12x15
Room Level: Main

Room 4 Information
Room Type: Dining Room
Room Features: Carpet
Room Dimensions: 10x12
Room Level: Main

Room 5 Information
Room Type: Kitchen
Room Features: Laminate
Room Dimensions: 11x11
Room Level: Main

Room 6 Information
Room Type: Loft
Room Dimensions: 6x8
Room Level: Main

Room 7 Information
Room Dimensions: 5x6
Room Level: Main

Room 8 Information
Room Features: Carpet
Room Dimensions: 12x14
Room Level: Upper

Room 9 Information
Room Type: Bedroom 2
Room Features: Carpet
Room Dimensions: 10x12
Room Level: Upper

Room 10 Information
Room Type: Bedroom 3
Room Features: Carpet
Room Dimensions: 12x14
Room Level: Upper

Other Rooms Information
Rooms Upper: 4
Rooms Main: 6
Rooms Basement: 0
# of Rooms: 10

Heating & Cooling
Heating Information: Heat Pump, Electric
Cooling Information: Central Electric

Interior Features
Interior Features: Attic Pull Down Stairs
Appliances: Dishwasher, Disposal, Microwave, Electric Oven, Refrigerator, Electric Water Heater

Exterior

Exterior Features
Patio And Porch Features: Covered Porch

Property Information
Ownership Interest Types: Mandatory Fee
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: 0.51

Utilities

Utility Information
Utility Prim Sewage Disp: Community Sewer
Water Source: Community Water
Solid Waste Information: No

Location

HOA Information
Has HOA

School Information
High School District: MSD Decatur Township

Location Information
Directions: Highway 135 North, turn left on Southport, turn right on Mann Road, turn left on Thompson.
Tax Legal Description: BEG 590.19FT E OF SW COR

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 2,202
Stories: 2.0
Lot Size: 0.52 acres
Style: Single Family Residential
Year Built: 1965
Year Renovated: 1965
County: Marion County
APN: 491236124006000200

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: Kylejohnson21@aol.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Slab
Construction Materials: Brick, Vinyl Siding
Levels: Two

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 • 1.0mi

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

$274,000 – $331,000

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New listings for sale in 46221

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Home values near 5540 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
5638 W Thompson Road, Indianapolis, IN 3 Beds \| 3.5 Baths \| 3013 Sq. Ft.	$349,796
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
5514 W Thompson Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1448 Sq. Ft.	$256,328

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2017. This data may not match . Learn more.

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