Sold350d on market
5519 Fall Creek Rd
Indianapolis, IN, 46220 • Devonshire • Marion County
$665,000
$184/sqft
4Beds
4Baths
3,619Sqft
0.57 acLot
1988Built
Property DNA
Waterfront Property
Lake Privileges, Lake Front, Water Access, Water View
Scenic Views
Lake · Water
Ranch,Traditional Style
Built 1988 · 38 years of history
Lake Kesslerwood
Devonshire
Outdoor Living
Covered · Deck
2 Fireplaces
Basement · Family Room · Great Room
3-Car Garage
Attached
Premium Finishes
Hardwood Floors · Walk-In Closet(s)
This home is getting attention
Listed 350 days ago · 28 views
Market activity
Demand and pricing signals for this listing
28 views
People checking out this listing
350 days on market
Established listing
$184/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 23% 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 1988
Lakefront Living in Indianapolis! Don't miss this rare opportunity to own a lakefront home on one of Indianapolis' most beloved lakes-Lake Kesslerwood East. Nestled on a serene 65-acre lake, this quality-built brick ranch offers the best of both worlds-peaceful waterfront living just minutes from Downtown Indy, Fall Creek Trail, Fort Harrison State Park, Hillcrest CC, and more. This spacious home features 3-4 bedrooms (the fourth is ideal for an office, craft room, or guest space), 2 full baths, 2 half baths, a finished basement with a bar and family room, plus a three-car side-load garage with built-in storage and pull-down attic access. Inside, you'll find soaring vaulted ceilings, a cozy fireplace, and cherry hardwood floors. The formal dining room and eat-in kitchen flow seamlessly to the four-season sunroom, leading to an expansive deck with a low-maintenance pergola-perfect for outdoor dining and relaxation. The primary suite boasts cathedral ceilings and a spa-like bath. While this home still features some classic design elements, a little fresh paint, updated flooring, and modern touches will restore it to its full potential. Step outside and embrace lake life-boating, swimming, fishing, and sunset cruises await! A rare lakefront ranch with a basement in Indianapolis-don't let this one slip away!
Standout features identified
Our analysis highlights cozy fireplace, peaceful waterfront living, and low-maintenance pergola as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,366/month
Principal & Interest$3,451
Property Tax$665
Insurance$222
HOA$29
Down payment20% ($133,000)
3%50%
Est. 6.75% rate · 30yr fixed · $532,000 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1988
HeatingForced Air, Natural Gas
Parking3 Attached Garage spaces
HOA$350 annually
Lot0.57 Acres
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch,Traditional
Year built1988
Stories1
Systems
HeatingForced Air, Natural Gas
ConstructionBrick
Water / SewerMunicipal/City
Parking & Outdoor
ParkingAttached
Garage3 spaces
BasementFinished,Storage Space
Fireplaces2
Lot0.57 Acres
Location & Tax
NeighborhoodDevonshire
Annual tax$6,500
Parcel490703103006000400
Bathrooms & Fees
Full baths2
HOA$29/mo
Features & details
14 categories of property features
Interior Features
Interior
Attic Pull Down Stairs
Double Vanity
Bookcases
Vaulted Ceiling(s)
Kitchen Island
Ceiling Fan(s)
Hardwood Floors
Eat-in Kitchen
Pantry
Walk-In Closet(s)
Appliances
Gas Cooktop
Dishwasher
Dryer
Disposal
Microwave
Gas Oven
Refrigerator
Washer
Water Softener Owned
Flooring
Hardwood
Heating
Forced Air
Natural Gas
Laundry
Laundry Room
Main Level
Sink
Fireplace
Basement
Family Room
Great Room
Windows
Skylight(s)
Exterior Features
Exterior
Sprinkler System
Parking
Attached
Construction
Brick
Patio & Porch
Covered
Deck
Lot Features
Mature Trees
Views
Lake
Water
Other Equipment
Radon System
Room details
11 rooms detailed
Master Bedroom
Main21×13 ft273 sqft
Carpet
Bedroom2
Main14×12 ft168 sqft
Carpet
Bedroom3
Main13×12 ft156 sqft
Carpet
Bedroom4
Main11×11 ft121 sqft
Carpet
Breakfast Room
Main10×12 ft120 sqft
Tile-Ceramic
Dining Room
Main13×13 ft169 sqft
Hardwood
Listing insights
Market data and value estimates
StatusSold
Days on market350
Est. value$937,900
Est. rent$3,696/mo
Tax rate0.96%
Price/sqft$184
On marketMar 6, 2025
PostedMar 6, 2025
Last sold$665,000
MLS statusSold
MLS updatedApr 30, 2025
Tour days6
Views28
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46220
Price history
3 events
DateEventPrice$/sqftSource
Apr 24, 2025Sold$665,000$184MIBOR as distributed by MLS GRID
Mar 18, 2025Pending Sale$700,000$193MIBOR as distributed by MLS GRID
Mar 6, 2025Listed For Sale$700,000$193MIBOR as distributed by MLS GRID
Sold$665,000
Apr 24, 2025•$184/sqft•MIBOR as distributed by MLS GRID
Pending Sale$700,000
Mar 18, 2025•$193/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$700,000
Mar 6, 2025•$193/sqft•MIBOR as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 10, 2024$6,321$587,700
Apr 10, 2023$5,759$576,800
Apr 10, 2022$5,428$516,300
Apr 10, 2021$5,413$479,800
Apr 10, 2020$4,398$473,000
Apr 10, 2019$4,833$439,800
Apr 10, 2018$4,766$483,300
Apr 10, 2017$4,665$473,400
Apr 10, 2016$4,494$451,800
Apr 10, 2014$4,668$466,800
Apr 10, 2013$4,571$466,800
Apr 10, 2012$4,571$457,100
Apr 10, 2011—$415,300
Apr 10, 2010$4,153$415,300
Apr 10, 2009$4,153$415,300
Apr 10, 2007—$455,600
Apr 10, 2006—$464,600
Apr 10, 2005—$345,800
Apr 10, 2004—$345,800
Apr 10, 2003—$345,800
Apr 10, 2002—$159,700
Apr 10, 2001—$53,230
Apr 10, 2000—$53,230
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 2026-04-09 21:58:06 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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