OFF MARKET

Off market jul 2025 for $127K

$206,338

•

1,090

sq ft

5601 Milhouse Rd, Indianapolis, IN 46221

About this home

Instant equity is yours with your new home at 5601 Milhouse Rd. This 4 bedroom, 1 1/2 bath home is a great investment for the first time buyer or investor willing to put some elbow grease into a project that will pay big dividends. Make no mistake, this home needs significant cosmetic work, but it is livable now and all the heavy mechanical work is done. Within the past two years owner has replaced the roof, the HVAC, all the ductwork, and water heater. There are also new toilets and faucets in bathrooms which are both in good shape. This is a great spot for a home based business with a 24' x 24' outbuilding with ahigh door, as well as a 12'x 24' extension for additional storage or work area. The home also features a privacy fence around the back yard. The one car garage attached to the home was converted to the 4th bedroom but can be converted back to garage if desired. Garage door still operates and is used for additional storage.

Single-familyProperty Type

1979Year Built

0.27 acresLot Size

$189Est. Price/Sq.Ft.

3 car garageParking

Listed by Gregory Hillman • Carpenter, REALTORS®

Bought with Kim Richter • Highgarden Real Estate

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #22039485

Redfin Estimate

$206,338

$79K since sold in July 2025$1,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 8.9% higher than the average sale price ($189K) of 6 comparable homes.

SOLD SEP 11, 2026
$200,000
A
3 beds1.5 baths1,190 sq ft
5512 Dollar Hide South Rd, Indianapolis, IN 46221
SOLD SEP 11, 2026
$190,000
B
3 beds1 bath988 sq ft
5524 Northport Dr, Indianapolis, IN 46221
SOLD SEP 9, 2026
$212,000
C
3 beds1.5 baths1,272 sq ft
5722 Wheelhorse Dr, Indianapolis, IN 46221
SOLD SEP 9, 2026
$185,000
D
3 beds1.5 baths1,315 sq ft
5531 Dollar Hide North Dr, Indianapolis, IN 46221
SOLD APR 30, 2026
$159,650
E
3 beds2 baths1,080 sq ft
5615 Northport Dr, Indianapolis, IN 46221
SOLD MAY 5, 2026
$190,000
F
3 beds1 bath1,457 sq ft
5610 Northport Dr, Indianapolis, IN 46221

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Earn from this home

Sell

$93,409

Est. take-home

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Rent

$1,377/mo

Redfin rental estimate

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Market trends in 46221, IN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.8%

+0.1% MoM

Median sale price

$224K

$7K MoM

Avg. days on market

22d

1 days MoM

Recently sold homes

103

8 MoM

New listings for sale

NEW 12 HRS AGO
$250,000
4 beds2 baths1,188 sq ft
6655 Cordova Dr, Indianapolis, IN 46221
NEW 32 HRS AGO
$349,900
3 beds2.5 baths2,824 sq ft
652 Marion, Indianapolis, IN 46221
$194,900
3 beds1.5 baths1,064 sq ft
5505 Furnas Ct, Indianapolis, IN 46221
$134,900
2 beds1 bath900 sq ft
3317 S Lyons Ave, Indianapolis, IN 46221
$420,000
4 beds3.5 baths2,380 sq ft
5050 W Epler Rd, Indianapolis, IN 46221
$236,000
3 beds2 baths1,173 sq ft
6119 Rocky Riv, Indianapolis, IN 46221
$94,900
2 beds1 bath1,292 sq ft
824 Corrill St, Indianapolis, IN 46221
OPEN SAT, 1PM TO 3PM
$250,000
4 beds2.5 baths1,910 sq ft
6038 Gimbel Cir, Indianapolis, IN 46221
$215,000
3 beds2 baths1,126 sq ft
5916 Rolling Blf, Indianapolis, IN 46221
$130,000
2 beds1 bath836 sq ft
2206 Barrett Ave, Indianapolis, IN 46221
See all

Provided by Redfin

Sale history for 5601 Milhouse Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,205 (−0.5%)

$15,100 + $168,000

$183,100

2024

$4,225 (+7.4%)

$15,100 + $167,400

$182,500

2023

$3,935 (+7.5%)

$15,100 + $167,400

$182,500

2022

$3,661 (+97.9%)

$15,100 + $145,500

$160,600

2021

$1,850 (+20.5%)

$15,100 + $105,700

$120,800

2020

$1,536 (−0.3%)

$15,100 + $105,700

$120,800

2019

$1,541 (+9.1%)

$15,100 + $99,200

$114,300

2018

$1,412 (+13.3%)

$15,100 + $91,200

$106,300

2017

$1,246 (−3.2%)

$15,100 + $77,700

$92,800

2016

$1,287 (+16.6%)

$15,100 + $77,700

$92,800

2015

$1,104 (+17.4%)

$15,100 + $79,900

$95,000

2014

$940 (+9.2%)

$15,100 + $74,100

$89,200

2013

$861

$15,100 + $64,800

$79,900

Tax history for 5601 Milhouse Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,205 (−0.5%)

$15,100 + $168,000

$183,100

2024

$4,225 (+7.4%)

$15,100 + $167,400

$182,500

2023

$3,935 (+7.5%)

$15,100 + $167,400

$182,500

2022

$3,661 (+97.9%)

$15,100 + $145,500

$160,600

2021

$1,850 (+20.5%)

$15,100 + $105,700

$120,800

2020

$1,536 (−0.3%)

$15,100 + $105,700

$120,800

2019

$1,541 (+9.1%)

$15,100 + $99,200

$114,300

2018

$1,412 (+13.3%)

$15,100 + $91,200

$106,300

2017

$1,246 (−3.2%)

$15,100 + $77,700

$92,800

2016

$1,287 (+16.6%)

$15,100 + $77,700

$92,800

2015

$1,104 (+17.4%)

$15,100 + $79,900

$95,000

2014

$940 (+9.2%)

$15,100 + $74,100

$89,200

2013

$861

$15,100 + $64,800

$79,900

*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

79 ft.

Lot depth

150 ft.

Lot size

0.27 Acres

Year renovated

1979

Sq. Ft.

960

Year built

1979

Style

Single Family Residential

County

Marion County

APN

491312125003000200

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: 576
Parking Features: Detached
Garage Spaces: 3
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 1090
Living Area: 1090
Main Level Sq. Ft.: 1090
Upper Level Sq. Ft.: 0

Bedroom Information
# of Bedrooms Main: 4
Beds MU: 4
Bedrooms MU: 4

Bathroom Information
# of Full Baths (Total): 1
# of Half Baths (Total): 1
# of Full Baths (Main): 1
# of Half Baths (Main): 1
Half Baths MU: 1
Half Bathrooms MU: 1
Full Baths MU: 1
Full Bathrooms MU: 1

Room 1 Information
Room Type: Living Room
Room Features: Other
Room Dimensions: 12x15
Room Level: Main

Room 2 Information
Room Type: Kitchen
Room Features: Other
Room Dimensions: 17x9
Room Level: Main

Room 3 Information
Room Features: Other
Room Dimensions: 12x12
Room Level: Main

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

Room 5 Information
Room Type: Bedroom 3
Room Features: Other
Room Dimensions: 11x10
Room Level: Main

Room 6 Information
Room Type: Bedroom 4
Room Features: Other
Room Dimensions: 12x11
Room Level: Main

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

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

Interior Features
Interior Features: Attic Access, Vaulted Ceiling(s), Eat-in Kitchen
Appliances: Microwave
Areas Interior: Laundry in Unit

Exterior

Exterior Features
Exterior Features: Storage Shed
Fence YN: Yes
Fencing: Full, Privacy, Gate

Farm Information
Horse Amenities: None

Property Information
Property Type: Residential
Property Condition: Fixer
Property Sub Type: Single Family Residence

Land Information
Acres: 1/4-1/2 Acre

Lot Information
Lot Size Acres: 0.27
Lot Features: Sidewalks

Utilities

Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Public
Electric: 100 Amp Service
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Solid Waste Information: Yes

Location

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

Location Information
Directions: GPS Friendly
Tax Legal Description: Old Mill Park 6th Sec L301

Community Information
Low Maintenance Lifestyle YN: No

Public facts

Beds: 2
Baths: —
Sq. Ft.: 960
Stories: 1.0
Lot Size: 0.27 acres
Style: Single Family Residential
Year Built: 1979
Year Renovated: 1979
County: Marion County
APN: 491312125003000200

Home facts updated by county records on Jul 29, 2026

Other

Green Information
Direction Faces: South

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

Around this home

Schools

Gold Academy

Public K-6 • Assigned • 0.7mi

4/10

Decatur Middle School

Public 7-8 • Assigned • 1.2mi

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

3/10 Heat Factor

7 days above 102° 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

$197,000 – $238,000

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Home values near 5601 Milhouse Rd

Data from public records.

Address	Redfin Estimate
5611 Milhouse Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1488 Sq. Ft.	$154,739
5530 Milhouse Road, Indianapolis, IN 4 Beds \| 2 Baths \| 1334 Sq. Ft.	$236,820

Address	Redfin Estimate
5707 Milhouse Road, Indianapolis, IN 3 Beds \| - Baths \| 1134 Sq. Ft.	$205,823
5701 Milhouse Road, Indianapolis, IN 4 Beds \| 2 Baths \| 1604 Sq. Ft.	$249,597

Address	Redfin Estimate
5534 Milhouse Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1744 Sq. Ft.	$279,871
5541 Milhouse Road, Indianapolis, IN 3 Beds \| - Baths \| 1212 Sq. Ft.	$156,551

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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