Google street view image for 586 S Raceway Rd, Indianapolis, IN 46231

OFF MARKET

$360,447

•

4 ba

•

3,720

sq ft

586 S Raceway Rd, Indianapolis, IN 46231

About this home

586 S Raceway Rd is a 3,720 square foot house on a 0.55 acre lot with 5 bedrooms and 4 bathrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $360,447.

Single-familyProperty Type

1968Year Built

0.55 acresLot Size

$97Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$360,447

$1,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 6.5% lower than the average sale price ($386K) of 6 comparable homes.

SOLD JUN 10, 2026
$390,000
A
4 beds3 baths2,976 sq ft
636 Bakeway Cir, Indianapolis, IN 46231
SOLD AUG 13, 2026
$374,000
B
4 beds2.5 baths2,340 sq ft
1157 Texarkana Dr, Indianapolis, IN 46231
SOLD MAY 29, 2026
$335,000
C
3 beds2.5 baths2,308 sq ft
1132 Texarkana Dr, Indianapolis, IN 46231
SOLD MAY 22, 2026
$425,000
D
6 beds3.5 baths4,415 sq ft
1306 Tenor Pl, Indianapolis, IN 46231
SOLD FEB 26, 2026
$510,000
E
4 beds3.5 baths3,700 sq ft
1148 Waterford Dr, Avon, IN 46123
SOLD AUG 14, 2026
$280,000
F
4 beds2.5 baths2,556 sq ft
8911 Alto Way, Indianapolis, IN 46231

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Earn from this home

Sell

$337,673

Est. take-home

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Rent

$2,417/mo

Redfin rental estimate

List your home for rent

Market trends in 46231, IN

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.8%

0.1% MoM

Median sale price

$250K

$2K MoM

Avg. days on market

15d

2 days MoM

Recently sold homes

2 MoM

New listings for sale

$314,900
3 beds2 baths1,640 sq ft
1041 New Harmony Dr, Indianapolis, IN 46231
$354,900
3 beds2.5 baths2,366 sq ft
10934 Cyrus Dr, Indianapolis, IN 46231
$228,500
3 beds2 baths1,172 sq ft
2043 Orchid Bloom Dr, Indianapolis, IN 46231
$320,000
3 beds2.5 baths2,552 sq ft
1376 Broyles Ln, Indianapolis, IN 46231
OPEN SEP 13, 2PM TO 4PM
$1
3 beds2 baths1,264 sq ft
9132 Blue Pine Dr, Indianapolis, IN 46231
See all

Provided by Redfin

Sale history for 586 S Raceway Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$3,965 (+0.4%)

$29,900 + $334,300

$364,200

2024

$3,949 (+3.3%)

$29,900 + $334,300

$364,200

2023

$3,822 (−0.6%)

$29,900 + $321,100

$351,000

2022

$3,847 (+12.4%)

$27,200 + $294,300

$321,500

2021

$3,424 (+5.0%)

$25,900 + $288,800

$314,700

2020

$3,260 (+1.2%)

$25,900 + $251,100

$277,000

2019

$3,220 (−3.7%)

$25,900 + $234,600

$260,500

2018

$3,345 (+18.8%)

$24,700 + $226,300

$251,000

2017

$2,816 (+0.9%)

$23,500 + $216,600

$240,100

2016

$2,791 (+8.1%)

$23,500 + $210,900

$234,400

2015

$2,581 (+2.5%)

$23,500 + $210,900

$234,400

2014

$2,517 (−0.3%)

$20,600 + $185,700

$206,300

2013

$2,525

$20,600 + $185,700

$206,300

Tax history for 586 S Raceway Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,965 (+0.4%)

$29,900 + $334,300

$364,200

2024

$3,949 (+3.3%)

$29,900 + $334,300

$364,200

2023

$3,822 (−0.6%)

$29,900 + $321,100

$351,000

2022

$3,847 (+12.4%)

$27,200 + $294,300

$321,500

2021

$3,424 (+5.0%)

$25,900 + $288,800

$314,700

2020

$3,260 (+1.2%)

$25,900 + $251,100

$277,000

2019

$3,220 (−3.7%)

$25,900 + $234,600

$260,500

2018

$3,345 (+18.8%)

$24,700 + $226,300

$251,000

2017

$2,816 (+0.9%)

$23,500 + $216,600

$240,100

2016

$2,791 (+8.1%)

$23,500 + $210,900

$234,400

2015

$2,581 (+2.5%)

$23,500 + $210,900

$234,400

2014

$2,517 (−0.3%)

$20,600 + $185,700

$206,300

2013

$2,525

$20,600 + $185,700

$206,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

AGR

AIRSPACE SECONDARY ZONING DISTRICT

Agriculture Residential District

The intent of the Agriculture Residential AGR District is to permit the establishment of individual single-family dwellings while maintaining a primarily rural character. This can serve to protect land best suited for agricultural use from the encroachment of incompatible land uses.

Zone overlays

Airspace Secondary Zoning District

Permitted uses

Include but are not limited to:

Agriculture
Greenhouse / nursery
Housing-Group
Housing-Single unit
Fire house
Police station
Recreation

Property details

Interior

Bathroom Information
# of Full Baths: 4
# of Bathroom Fixtures: 16

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Fireplace Information
# of Fireplaces: 1
Fireplace Type: Masonry
Has Fireplace

Room Information
# of Rooms: 12

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Masonry
Building Type: Single Family

Pool Information
Has Pool

Property Information
Subdivision Name: GLEN ELEN SEC 4
Living Sq. Ft: 3,720
Adjusted Gross Sq. Ft: 3,720
Ground Floor Sq. Ft: 1,530
Building Sq. Ft: 4,248
# of Stories: 2
Legal Description: GLEN-ELEN ADD SEC 4 LOT 82

Parking & Garage Information
# of Parking Spaces: 3
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 2,088
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 24,002
Legal Lot Number: 82
Municipality Name: WASHINGTON TOWNSHIP
Acres: 0.551
Depth Footage: 200
Front Footage: 120
County Use Description: ONE FAMILY STRUCTURE PLATTED

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 5
Baths: 4.0
Sq. Ft.: 3,720
Stories: 2.0
Lot Size: 0.55 acres
Style: Single Family Residential
Year Built: 1968
Year Renovated: 1992
County: Hendricks County
APN: 320908435007000022

Home facts updated by county records on Aug 3, 2026

Around this home

Schools

Pine Tree Elementary School

Public K-4 • Assigned • 3.0mi

8/10

Avon Middle School South

Public 7-8 • Assigned • 3.7mi

10/10

Avon High School

Public 9-12 • Assigned • 3.4mi

9/10

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

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 • 46231

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

$343,000 – $415,000

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Nearby similar homes

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New listings for sale in 46231

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1041 New Harmony Dr, Indianapolis, IN 46231

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10934 Cyrus Dr, Indianapolis, IN 46231

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OPEN SEP 13, 2PM TO 4PM

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Home values near 586 S Raceway Rd

Data from public records.

Address	Redfin Estimate
662 South Raceway Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1425 Sq. Ft.	$245,404
566 South Raceway Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1448 Sq. Ft.	$251,100

Address	Redfin Estimate
516 South Raceway Rd, Indianapolis, IN 5 Beds \| 2 Baths \| 2335 Sq. Ft.	$319,557
544 South Raceway Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1556 Sq. Ft.	$256,278

Address	Redfin Estimate
526 South Raceway Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1731 Sq. Ft.	$286,979
684 South Raceway Rd, Indianapolis, IN 2 Beds \| 1.5 Baths \| 1398 Sq. Ft.	$215,420

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