Sold145d on market
5538 Milhouse Rd
Indianapolis, IN, 46221 • Valley Mills • Marion County
$250,000
$142/sqft
3Beds
3Baths
1,762Sqft
0.44 acLot
1979Built
Property DNA
Traditional Style
Built 1979 · 47 years of history
Old Mill Park
Valley Mills
Outdoor Living
Deck
1 Fireplace
Basement
2-Car Garage
Attached
This home is in high demand
Listed 145 days ago · 14 views · Top 6% likely to sell soon
Market activity
Demand and pricing signals for this listing
14 views
People checking out this listing
145 days on market
Established listing
$142/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 6% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1979
Welcome to this well-maintained 3-bedroom, 2.5-bath bi-level home offering plenty of space inside and out. Enjoy peace of mind with key updates already done for you, including a new water heater and newer HVAC system. The main level features a bright living area, comfortable bedrooms, and a large sunroom overlooking the LARGE backyard. The lower level adds a versatile family room or home office space plus a convenient half bath. Step outside to a fully fenced backyard, perfect for pets, play, and outdoor entertaining. A nice mini barn provides handy storage for tools, lawn equipment, or hobbies. RV owners will love the dedicated parking pad with electrical hookup, ideal for keeping your rig ready for your next adventure. Located with easy access to I-465, you'll have a quick commute to downtown and be close to everything Indianapolis has to offer-shopping, dining, and entertainment all within minutes. With modern mechanical updates and room to spread out, this home is move-in ready and waiting for its next chapter. Don't miss it!
Standout features identified
Our analysis highlights convenient half bath, large sunroom, and home office space as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,566/month
Principal & Interest$1,232
Property Tax$250
Insurance$83
Down payment20% ($50,000)
3%50%
Est. 6.26% rate · 30yr fixed · $200,000 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1979
HeatingForced Air, Natural Gas
CoolingCentral Air
Parking2 Attached Garage spaces
Lot0.44 Acres
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleTraditional
Year built1979
Stories2
Systems
HeatingForced Air, Natural Gas
CoolingCentral Air
ConstructionBrick, Vinyl Siding
Water / SewerPublic
Parking & Outdoor
ParkingAttached
Garage2 spaces
BasementDaylight,Egress Window(s),Finished Ceiling,Finished Walls
Fireplaces1
Lot0.44 Acres
Location & Tax
NeighborhoodValley Mills
Annual tax$2,820
Parcel491301117026000200
Bathrooms & Fees
Full baths2
Features & details
11 categories of property features
Interior Features
Interior
Attic Access
Kitchen Island
Ceiling Fan(s)
Pantry
Appliances
Dishwasher
Dryer
Disposal
Gas Water Heater
Microwave
Electric Oven
Refrigerator
Washer
Heating
Forced Air
Natural Gas
Cooling
Central Air
Fireplace
Basement
Exterior Features
Exterior
Storage
Parking
Attached
Construction
Brick
Vinyl Siding
Patio & Porch
Deck
Lot Features
Sidewalks
Storm Sewer
Street Lights
Mature Trees
Trees-Small (Under 20 Ft)
Utilities
Electricity Connected
Sewer Connected
Water Connected
Room details
6 rooms detailed
Master Bedroom
Main11×13 ft143 sqft
Bedroom2
Main10×9 ft90 sqft
Bedroom3
Main10×12 ft120 sqft
Dining Room
Main12×10 ft120 sqft
Kitchen
Main9×11 ft99 sqft
Living Room
Main14×15 ft210 sqft
Listing insights
Market data and value estimates
StatusSold
Days on market145
Est. value$252,700
Est. rent$1,795/mo
Tax rate0.96%
Price/sqft$142
On marketSep 17, 2025
PostedSep 17, 2025
Last sold$250,000
MLS statusSold
MLS updatedFeb 1, 2026
Tour days6
Views14
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46221
Price history
9 events
DateEventPrice$/sqftSource
Nov 14, 2025Sold$250,000$142MIBOR as distributed by MLS GRID
Oct 13, 2025Pending Sale$265,000$150MIBOR as distributed by MLS GRID
Sep 17, 2025Listed For Sale$265,000$150MIBOR as distributed by MLS GRID
May 24, 2018Sold$150,000$85MIBOR as distributed by MLS GRID
Apr 15, 2018Pending Sale$155,000$88CENTURY 21 Scheetz
Apr 10, 2018Listed For Sale$155,000$88RE/MAX Advanced Realty
Mar 20, 2018Pending Sale$155,000$88RE/MAX Advanced Realty
Jan 4, 2018Listed For Sale$155,000$88RE/MAX Advanced Realty
Apr 22, 2004Sold$119,900$68MIBOR as distributed by MLS GRID
Sold$250,000
Nov 14, 2025•$142/sqft•MIBOR as distributed by MLS GRID
Pending Sale$265,000
Oct 13, 2025•$150/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$265,000
Sep 17, 2025•$150/sqft•MIBOR as distributed by MLS GRID
Sold$150,000
May 24, 2018•$85/sqft•MIBOR as distributed by MLS GRID
Pending Sale$155,000
Apr 15, 2018•$88/sqft•CENTURY 21 Scheetz
Listed For Sale$155,000
Apr 10, 2018•$88/sqft•RE/MAX Advanced Realty
Pending Sale$155,000
Mar 20, 2018•$88/sqft•RE/MAX Advanced Realty
Listed For Sale$155,000
Jan 4, 2018•$88/sqft•RE/MAX Advanced Realty
Sold$119,900
Apr 22, 2004•$68/sqft•MIBOR as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 9, 2024$2,340$241,000
Apr 9, 2023$2,179$210,800
Apr 9, 2022$1,785$195,100
Apr 9, 2021$1,673$157,000
Apr 9, 2020$1,566$148,500
Apr 9, 2019$1,429$138,600
Apr 9, 2018$1,376$128,900
Apr 9, 2017$1,480$121,300
Apr 9, 2016$1,278$124,200
Apr 9, 2014$1,158$106,000
Apr 9, 2013$1,086$100,200
Apr 9, 2012$1,086$108,600
Apr 9, 2011—$116,900
Apr 9, 2010$1,237$122,300
Apr 9, 2009$1,264$125,000
Apr 9, 2007—$128,700
Apr 9, 2006—$124,000
Apr 9, 2005—$115,900
Apr 9, 2004—$115,900
Apr 9, 2003—$115,900
Apr 9, 2002—$70,500
Apr 9, 2001—$23,500
Apr 9, 2000—$23,500
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-08 17:28:03 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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