For Sale50d on market
5508 Armstrong Dr
Indianapolis, IN, 46237 • South Emerson • Marion County
$209,900
$164/sqft
-$5,000 since Mar 12, 2026
Down payment assistance available
3Beds
1Baths
1,282Sqft
0.23 acLot
1973Built
Property DNA
Ranch Style
Built 1973 · 53 years of history
Arlington Acres
South Emerson
2-Car Garage
Attached
This home is getting attention
Listed 50 days ago · 1,546 views · 89 saves
Market activity
Demand and pricing signals for this listing
1,546 views
People checking out this listing
89 saves
Buyers have saved this home
50 days on market
Established listing
$164/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 16% 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 1973
This 3-bedroom, 1.5-bathroom home offers a perfect blend of modern updates and practical functionality. The heart of the home features a stylish kitchen elevated by premium granite countertops, providing a durable and high-end surface for meal prep and entertaining. For those needing ample storage or parking, the property includes a spacious attached 2-car garage. With a thoughtful layout that maximizes every square foot, this home is ideal for anyone seeking a manageable yet sophisticated living space with the added benefit of a large garage and quality interior finishes.
Standout features identified
Our analysis highlights stylish kitchen, quality interior finishes, and premium granite countertops as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,383/month
Principal & Interest$1,103
Property Tax$210
Insurance$70
Down payment20% ($41,980)
3%50%
Est. 6.88% rate · 30yr fixed · $167,920 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1973
HeatingOther
CoolingCentral Air
Parking2 Attached Garage spaces
Lot10,018 sqft
Days on Zillow50 Days
Price/sqft$164
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
Year built1973
Stories1
Systems
HeatingOther
CoolingCentral Air
ConstructionBrick
Water / SewerPublic
Parking & Outdoor
ParkingAttached
Garage2 spaces
Lot10,018 sqft
Location & Tax
NeighborhoodSouth Emerson
Annual tax$3,776
Parcel491503136031000300
Bathrooms & Fees
Full baths1
Features & details
7 categories of property features
Interior Features
Interior
Walk-In Closet(s)
Appliances
Electric Oven
Refrigerator
Heating
Other
Cooling
Central Air
Exterior Features
Parking
Attached
Construction
Brick
Utilities
Electricity Connected
Sewer Connected
Water Connected
Room details
3 rooms detailed
Master Bedroom
Main14×11 ft154 sqft
Bedroom2
Main11×9 ft99 sqft
Bedroom3
Main12×9 ft108 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market50
Est. value$208,700
Est. rent$1,593/mo
Tax rate0.96%
Price/sqft$164
On marketFeb 17, 2026
PostedFeb 17, 2026
Last sold$180,000
MLS statusActive
MLS updatedMar 12, 2026
Tour days9
Views1,546
Favorites89
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46237
Price history
11 events
DateEventPrice$/sqftSource
Mar 12, 2026Price Change$209,900$164MIBOR as distributed by MLS GRID
Feb 17, 2026Listed For Sale$214,900$168MIBOR as distributed by MLS GRID
Jan 30, 2026Listing Removed$1,645$1Zillow Rentals
Jan 10, 2026Price Change$1,645$1Zillow Rentals
Nov 3, 2022Listed For Rent$1,395$1Zillow Rental Network Premium
May 17, 2022Listing Removed——Zillow Rental Network Premium
Apr 26, 2022Price Change$1,395$1Zillow Rental Network Premium
Mar 15, 2022Listed For Rent$1,520$1Zillow Rental Network Premium
Sep 3, 2021Sold$180,000$140MIBOR as distributed by MLS GRID
Aug 2, 2021Pending Sale$184,900$144MIBOR as distributed by MLS GRID
Jul 23, 2021Listed For Sale$184,900$144MIBOR as distributed by MLS GRID
Price Change$209,900
Mar 12, 2026•$164/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$214,900
Feb 17, 2026•$168/sqft•MIBOR as distributed by MLS GRID
Listing Removed$1,645
Jan 30, 2026•$1/sqft•Zillow Rentals
Price Change$1,645
Jan 10, 2026•$1/sqft•Zillow Rentals
Listed For Rent$1,395
Nov 3, 2022•$1/sqft•Zillow Rental Network Premium
Listing Removed—
May 17, 2022•Zillow Rental Network Premium
Price Change$1,395
Apr 26, 2022•$1/sqft•Zillow Rental Network Premium
Listed For Rent$1,520
Mar 15, 2022•$1/sqft•Zillow Rental Network Premium
Sold$180,000
Sep 3, 2021•$140/sqft•MIBOR as distributed by MLS GRID
Pending Sale$184,900
Aug 2, 2021•$144/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$184,900
Jul 23, 2021•$144/sqft•MIBOR as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 8, 2024$3,433$188,800
Apr 8, 2023$3,438$171,200
Apr 8, 2022$2,842$171,200
Apr 8, 2021$2,561$140,900
Apr 8, 2020$2,157$126,900
Apr 8, 2019$2,148$106,800
Apr 8, 2018$2,101$106,400
Apr 8, 2017$1,898$102,500
Apr 8, 2016$1,768$90,300
Apr 8, 2014$1,762$87,600
Apr 8, 2013$1,864$89,300
Apr 8, 2012$1,864$92,000
Apr 8, 2011—$93,500
Apr 8, 2010$967$91,900
Apr 8, 2009$895$91,900
Apr 8, 2007—$95,000
Apr 8, 2006—$91,900
Apr 8, 2005—$90,400
Apr 8, 2004—$90,400
Apr 8, 2003—$90,400
Apr 8, 2002—$53,100
Apr 8, 2001—$17,700
Apr 8, 2000—$17,700
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 06:47:58 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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