Sold279d on market
5601 Milhouse Rd
Indianapolis, IN, 46221 • Valley Mills • Marion County
$127,000
$117/sqft
4Beds
2Baths
1,090Sqft
0.27 acLot
1979Built
Property DNA
Ranch Style
Built 1979 · 47 years of history
Old Mill Park
Valley Mills
Storage
Storage
3-Car Garage
Detached
Market activity
Demand and pricing signals for this listing
41 views
People checking out this listing
279 days on market
Established listing
$117/sqft
Price per square foot
About this home
Single Family · Built 1979
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.
Estimated monthly payment
Based on current rates
$835/month
Principal & Interest$665
Property Tax$127
Insurance$42
Down payment20% ($25,400)
3%50%
Est. 6.84% rate · 30yr fixed · $101,600 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1979
HeatingForced Air, Natural Gas
CoolingCentral Air
Parking3 Garage spaces
Lot0.27 Acres
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
ConditionFixer
Year built1979
Stories1
Systems
HeatingForced Air, Natural Gas
CoolingCentral Air
ConstructionBrick, Vinyl With Brick
Water / SewerPublic
Parking & Outdoor
ParkingDetached
Garage3 spaces
FencingFenced,Full,Privacy,Gate
Lot0.27 Acres
Location & Tax
NeighborhoodValley Mills
Annual tax$4,224
Parcel491312125003000200
Bathrooms & Fees
Full baths1
Features & details
9 categories of property features
Interior Features
Interior
Attic Access
Vaulted Ceiling(s)
Eat-in Kitchen
Appliances
Microwave
Heating
Forced Air
Natural Gas
Cooling
Central Air
Exterior Features
Parking
Detached
Construction
Brick
Vinyl With Brick
Lot Features
Sidewalks
Utilities
Electricity Connected
Water Connected
Other Structures
Storage
Room details
6 rooms detailed
Master Bedroom
Main12×12 ft144 sqft
Other
Bedroom2
Main11×9 ft99 sqft
Other
Bedroom3
Main11×10 ft110 sqft
Other
Bedroom4
Main12×11 ft132 sqft
Other
Kitchen
Main17×9 ft153 sqft
Other
Living Room
Main12×15 ft180 sqft
Other
Listing insights
Market data and value estimates
StatusSold
Days on market279
Est. value$235,900
Est. rent$1,770/mo
Tax rate0.96%
Price/sqft$117
On marketMay 20, 2025
PostedMay 20, 2025
Last sold$127,000
MLS statusSold
MLS updatedJul 9, 2025
Tour days6
Views41
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46221
Price history
5 events
DateEventPrice$/sqftSource
Dec 8, 2025Listing Removed$239,000$219MIBOR as distributed by MLS GRID
Oct 17, 2025Listed For Sale$239,000$219MIBOR as distributed by MLS GRID
Jul 2, 2025Sold$127,000$117MIBOR as distributed by MLS GRID
May 22, 2025Pending Sale$125,000$115MIBOR as distributed by MLS GRID
May 20, 2025Listed For Sale$125,000$115MIBOR as distributed by MLS GRID
Listing Removed$239,000
Dec 8, 2025•$219/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$239,000
Oct 17, 2025•$219/sqft•MIBOR as distributed by MLS GRID
Sold$127,000
Jul 2, 2025•$117/sqft•MIBOR as distributed by MLS GRID
Pending Sale$125,000
May 22, 2025•$115/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$125,000
May 20, 2025•$115/sqft•MIBOR as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 8, 2024$3,792$182,500
Apr 8, 2023$3,521$160,600
Apr 8, 2022$1,714$148,800
Apr 8, 2021$1,536$120,800
Apr 8, 2020$1,412$114,300
Apr 8, 2019$1,287$106,300
Apr 8, 2018$1,156$99,400
Apr 8, 2017$1,287$92,800
Apr 8, 2016$1,105$95,000
Apr 8, 2014$940$79,900
Apr 8, 2013$1,035$75,600
Apr 8, 2012$1,035$82,200
Apr 8, 2011—$79,900
Apr 8, 2010$1,050$83,500
Apr 8, 2009$956$85,200
Apr 8, 2007—$87,700
Apr 8, 2006—$84,700
Apr 8, 2005—$79,400
Apr 8, 2004—$79,400
Apr 8, 2003—$79,400
Apr 8, 2002—$50,600
Apr 8, 2001—$16,860
Apr 8, 2000—$16,860
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 15:38:17 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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