5543 Riva Ridge Dr is a 1,616 square foot house on a 10,851 square foot lot with 3 bedrooms and 1.5 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $257,224.
Single-familyProperty Type
1978Year Built
10,851 sq ftLot Size
$159Est. Price/Sq.Ft.
2 car garageParking
Source:Public Records
Redfin Estimate
$257,224
$1,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 1.4% lower than the average sale price ($261K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
D3
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
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
Sep 20, 2018 • Final
Sewer connection
Repair the sewer lateral line for a residential property.
Plumbing
May 14, 2010 • Final
Heating & cooling permit-1-2 family-replacement
Install a new heat pump system.
Heat pump
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.
Property details
Interior
Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of Bathroom Fixtures: 10
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air
Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace
Room Information
# of Rooms: 7
Exterior
Exterior Information
Physical Condition: Average
Construction Type: Stone/Rock
Building Type: Single Family
Property Information
Subdivision Name: FARHILL DOWNS SEC 7
Living Sq. Ft: 1,616
Adjusted Gross Sq. Ft: 1,616
Ground Floor Sq. Ft: 1,616
Building Sq. Ft: 2,256
# of Stories: 1
Legal Description: FARHILL DOWNS SEC 7 L 435
Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 640
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 10,851
Legal Lot Number: 435
Municipality Name: FRANKLIN, OUTSIDE
Acres: 0.2491
County Use Description: ONE FAMILY DWLG ON PLAT LOT
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 1.5
Sq. Ft.: 1,616
Stories: 1.0
Lot Size: 10,851 square feet
Style: Single Family Residential
Year Built: 1978
Year Renovated: 1978
County: Marion County
APN: 491034118049000300
Home facts updated by county records on Jul 29, 2026
Around this home
Schools
Places
Transit
Arlington Elementary School
Public K-3 • Assigned • 1.3mi
5/10
Franklin Central Junior High
Public 7-8 • Assigned • 5.1mi
5/10
Franklin Central High School
Public 9-12 • Assigned • 3.3mi
7/10
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 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
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46237
Average low and high temperatures (°F)
32
17
42
26
61
39
69
48
72
53
83
65
88
70
85
64
82
59
71
47
54
38
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$245,000 – $296,000
Reach more buyers when you sell with Redfin. Save up to $2,572 in fees.3 minutes to get started.