OFF MARKET

Off Market Jun 2025 for $240K

$238,361

•

1,265

sq ft

5541 Fair Ridge Pl, Indianapolis, IN 46221

About this home

Charming 3-bedroom, 2-bath ranch located in Decatur Ridge. This well-maintained home features a covered front porch that's perfect for morning coffee or relaxing evenings. Step inside to a spacious great room with cathedral ceilings and a cozy woodburning fireplace. Large windows throughout the home let in plenty of natural light, creating a bright and welcoming atmosphere. The kitchen flows nicely into the living space, making entertaining a breeze, and the primary bedroom includes a full bath and walk-in closet for added comfort and convenience. Outside, the backyard is ready for cozy evenings around the fire pit. The neighborhood playground is just a short walk away. This all-electric home is move-in ready and filled with thoughtful touches that make daily living easy and enjoyable. Conveniently located near grocery shopping, dining, and offering quick access to the interstate. Updates include a new roof (2020), new vinyl flooring (2025), freshly painted kitchen (2025), new baseboards installed (2025), and a new AC unit and furnace added in (2022). This ranch is ready to offer you a comfortable and welcoming place to call home!

Single-familyProperty Type

2001Year Built

6,752 sq ftLot Size

$188Est. Price/Sq.Ft.

2 car garageParking

Listed by Jenny Laughner • CENTURY 21 Scheetz

Listed by Tyler Casse

Contact: jenny@c21scheetz.com

Bought with Nicole Lloyd • Homes Unlimited

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #22030929

Redfin Estimate

$238,361

$1,639 since sold in June 2025$0 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 0.5% lower than the average sale price ($240K) of 6 comparable homes.

SOLD APR 30, 2026
$238,000
A
3 beds2 baths1,364 sq ft
6946 Fair Ridge Dr, Indianapolis, IN 46221
SOLD JUN 24, 2026
$240,000
B
3 beds2 baths1,448 sq ft
6624 Colleens Way, Indianapolis, IN 46221
SOLD JUL 20, 2026
$221,500
C
3 beds2 baths1,449 sq ft
6352 Decatur Cmns, Indianapolis, IN 46221
SOLD APR 6, 2026
$230,000
D
3 beds2 baths1,196 sq ft
6726 Colleens Way, Indianapolis, IN 46221
SOLD AUG 28, 2026
$280,000
E
3 beds2 baths1,624 sq ft
6124 Emerald Commons Dr, Indianapolis, IN 46221
SOLD DEC 29, 2025
$227,500
F
3 beds2 baths1,333 sq ft
6935 Fair Ridge Dr, Indianapolis, IN 46221

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Earn from this home

Sell

$34,594

Est. take-home

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Rent

$1,600/mo

Redfin rental estimate

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Market trends in 46221, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.6%

0.4% MoM

Median sale price

$220K

$11K MoM

Avg. days on market

25d

6 days MoM

Recently sold homes

112

10 MoM

New listings for sale

NEW 11 HRS AGO
$210,000
3 beds2 baths970 sq ft
5113 Emmert Dr, Indianapolis, IN 46221
$115,000
3 beds1 bath1,272 sq ft
1226 S Richland St, Indianapolis, IN 46221
$285,000
3 beds2 baths2,816 sq ft
6302 W Loretta Dr, Indianapolis, IN 46221
3D WALKTHROUGH
$217,000
3 beds2 baths1,075 sq ft
6136 Rocky River Dr, Indianapolis, IN 46221
$230,000
3 beds1.5 baths1,620 sq ft
6034 W Loretta Dr, Indianapolis, IN 46221
$227,750
3 beds2 baths1,829 sq ft
1007 S Tremont St, Indianapolis, IN 46221
3D WALKTHROUGH
$339,900
3 beds2.5 baths1,998 sq ft
6741 Camby Rd, Indianapolis, IN 46221
$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
See all

Provided by Redfin

Sale history for 5541 Fair Ridge Pl

Date

Event

Price

MIBOR as Distributed by MLS Grid #22030929

Jun 2, 2025

Sold

$240,000

$190/sq ft

May 3, 2025

Pending

—

May 2, 2025

Listed

$239,900

$190/sq ft

MIBOR as Distributed by MLS Grid #21552266

Apr 30, 2018

Sold

$135,000

$107/sq ft

Mar 22, 2018

Pending

—

Mar 21, 2018

Price Changed

$135,000

$107/sq ft

Mar 19, 2018

Listed

$129,900

$103/sq ft

MIBOR as Distributed by MLS Grid #21310422

Sep 29, 2014

Listing Removed

—

Sep 29, 2014

Sold

$98,900

$78/sq ft

Aug 18, 2014

Listed

$98,900

$78/sq ft

+19

Priced below assessed value to sell fast! One owner Arbor Homes Sycamore floorplan with extra square footage, upgraded ranch home with open floorplan, front porch, newer Pergo floors in kitchen and baths, soaring cathedral ceilings and plant shelf, wood burning corner fireplace, master bedroom has walk in closet. House is short walk from community park/playground. Convenient location close to the city but with a country feel.

Year

Property tax

Land + Additions

Assessment*

2025

$2,349 (−6.7%)

$19,900 + $204,200

$224,100

2024

$2,516 (+3.4%)

$19,900 + $197,900

$217,800

2023

$2,434 (+7.2%)

$19,900 + $197,900

$217,800

2022

$2,271 (+27.2%)

$19,900 + $191,800

$211,700

2021

$1,786 (+7.8%)

$19,900 + $131,200

$151,100

2020

$1,657 (+5.7%)

$19,900 + $131,200

$151,100

2019

$1,567 (+5.9%)

$19,900 + $128,300

$148,200

2018

$1,480 (−45.7%)

$19,900 + $113,100

$133,000

2017

$2,727 (+4.7%)

$19,900 + $96,700

$116,600

2016

$2,605 (+7.3%)

$19,900 + $96,700

$116,600

2015

$2,427 (+2.5%)

$19,900 + $91,600

$111,500

2014

$2,367 (+20.8%)

$19,900 + $87,400

$107,300

2013

$1,960

$19,900 + $84,400

$104,300

Tax history for 5541 Fair Ridge Pl

Year

Property tax

Land + Additions

Assessment*

2025

$2,349 (−6.7%)

$19,900 + $204,200

$224,100

2024

$2,516 (+3.4%)

$19,900 + $197,900

$217,800

2023

$2,434 (+7.2%)

$19,900 + $197,900

$217,800

2022

$2,271 (+27.2%)

$19,900 + $191,800

$211,700

2021

$1,786 (+7.8%)

$19,900 + $131,200

$151,100

2020

$1,657 (+5.7%)

$19,900 + $131,200

$151,100

2019

$1,567 (+5.9%)

$19,900 + $128,300

$148,200

2018

$1,480 (−45.7%)

$19,900 + $113,100

$133,000

2017

$2,727 (+4.7%)

$19,900 + $96,700

$116,600

2016

$2,605 (+7.3%)

$19,900 + $96,700

$116,600

2015

$2,427 (+2.5%)

$19,900 + $91,600

$111,500

2014

$2,367 (+20.8%)

$19,900 + $87,400

$107,300

2013

$1,960

$19,900 + $84,400

$104,300

*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

53 ft.

Lot depth

127 ft.

Lot size

6,534 Sq. Ft.

Year renovated

2003

Sq. Ft.

1,265

Year built

2001

Style

Single Family Residential

County

Marion County

APN

491302106026000200

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

METRO

AIRSPACE SECONDARY ZONING DISTRICT

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

Metro Context Area
Airspace Secondary Zoning District

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: 400
Garage Parking Other: Keyless Entry
Parking Features: Attached
Garage Spaces: 2
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 1265
Living Area: 1265
Main Level Sq. Ft.: 1265
Upper Level Sq. Ft.: 0

Bedroom Information
Primary Bedroom Description: Closet Walk in
# 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: 2
Full Bathrooms MU: 2
Primary Bathroom Description: Tub Full with Shower

Room 1 Information
Room Features: Vinyl
Room Dimensions: 14x12
Room Level: Main

Room 2 Information
Room Type: Kitchen
Room Features: Vinyl
Room Dimensions: 14x7
Room Level: Main

Room 3 Information
Room Type: Great Room
Room Features: Vinyl
Room Dimensions: 24x13
Room Level: Main

Room 4 Information
Room Type: Bedroom 2
Room Features: Carpet
Room Dimensions: 11x9
Room Level: Main

Room 5 Information
Room Type: Bedroom 3
Room Features: Carpet
Room Dimensions: 10x9
Room Level: Main

Room 6 Information
Room Type: Laundry
Room Features: Laminate
Room Dimensions: 5x6
Room Level: Main

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

Laundry Room Information
Laundry Features: Main Level

Fireplace Information
# of Fireplaces: 1
Fireplace Features: Great Room, Woodburning Fireplce

Heating & Cooling
Heating Information: Forced Air, Electric

Interior Features
Interior Features: Cathedral Ceiling(s), Vaulted Ceiling(s), Windows Thermal, Wood Work Painted, Eat-in Kitchen, Pantry
Appliances: Dishwasher, Electric Water Heater, MicroHood, Electric Oven, Refrigerator, Water Softener Owned

Exterior

Exterior Features
Patio And Porch Features: Covered Porch

Farm Information
Horse Amenities: None

Property Information
Ownership Interest Types: Mandatory Fee
Other Equipment: Smoke Alarm
Property Type: Residential
Property Sub Type: Single Family Residence

Land Information
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.16
Lot Features: Sidewalks, Mature Trees, Trees-Small (Under 20 Ft)

Utilities

Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Municipal/City
Utilities: Cable Connected
Solid Waste Information: No

Location

HOA Information
Has HOA
Association Fee: $280
Association Fee Frequency: Annually
Association Fee Includes: Association Home Owners, Entrance Common, Maintenance, ParkPlayground, Snow Removal

School Information
Elementary School: Valley Mills Elementary School
Middle Or Junior High School: Decatur Middle School
High School: Decatur Central High School
High School District: MSD Decatur Township

Location Information
Directions: From SR 67 & Milhouse Rd, head east on Milhouse Rd. Turn left onto Decatur Ridge Dr. Turn right on Fair Ridge Pl. House will be on the right.
Tax Legal Description: Decatur Ridge Sec 2 L103

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,265
Stories: 1.0
Lot Size: 6,534 square feet
Style: Single Family Residential
Year Built: 2001
Year Renovated: 2003
County: Marion County
APN: 491302106026000200

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: jenny@c21scheetz.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Slab
Construction Materials: Vinyl With Brick
Levels: One

Around this home

Schools

Valley Mills Elementary School

Public K-6 • Assigned • 0.7mi

6/10

Decatur Middle School

Public 7-8 • Assigned • 0.4mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 0.3mi

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 101° 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

$227,000 – $275,000

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New listings for sale in 46221

NEW 11 HRS AGO

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3 beds1.5 baths1,620 sq ft

6034 W Loretta Dr, Indianapolis, IN 46221

$227,750

3 beds2 baths1,829 sq ft

1007 S Tremont St, Indianapolis, IN 46221

3D WALKTHROUGH

$339,900

3 beds2.5 baths1,998 sq ft

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$105,000

3 beds1 bath2,496 sq ft

840 S Pershing Ave, Indianapolis, IN 46221

3D WALKTHROUGH

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Home values near 5541 Fair Ridge Pl

Data from public records.

Address	Redfin Estimate
5613 Fair Ridge Pl, Indianapolis, IN 3 Beds \| 2 Baths \| 2122 Sq. Ft.	$274,338
5535 Fair Ridge Pl, Indianapolis, IN 3 Beds \| 2 Baths \| 1433 Sq. Ft.	$243,293

Address	Redfin Estimate
5607 Fair Ridge Pl, Indianapolis, IN 3 Beds \| 2 Baths \| 1576 Sq. Ft.	$260,834
5554 Fair Ridge Pl, Indianapolis, IN 4 Beds \| 2 Baths \| 1942 Sq. Ft.	$265,245

Address	Redfin Estimate
5608 Fair Ridge Pl, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2160 Sq. Ft.	$268,861
5548 Fair Ridge Pl, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2147 Sq. Ft.	$290,062

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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