For Sale126d on market
5040 Allisonville Rd Unit E
Indianapolis, IN, 46205 • Millersville • Marion County
$124,900
$93/sqft
-$5,100 since Feb 3, 2026
Down payment assistance available
2Beds
2Baths
1,347Sqft
0.08 acLot
1965Built
Property DNA
Waterfront Property
Waterfront
Scenic Views
Lake · Water
Traditional Style
Built 1965 · 61 years of history
Heron Lake
Insurance
Premium Finishes
Hardwood Floors
Hardwood Floors
Quality flooring throughout
$340/mo HOA
Insurance
This home is getting attention
Listed 126 days ago · 462 views · 17 saves
Market activity
Demand and pricing signals for this listing
462 views
People checking out this listing
17 saves
Buyers have saved this home
126 days on market
Established listing
$93/sqft
Price per square foot
About this home
Condo · Built 1965
PRICE REDUCED! This condominium offers an inviting home that is ready to move in. The allure of this property is magnified by its water aspect, where the gentle reflections dance and shimmer, creating a serene backdrop to daily life. Imagine the calming effect of this vista, providing a tranquil escape from the hustle and bustle. With a lot area of 3306 square feet, this condominium, constructed in 1965, presents a unique opportunity to own a piece of Indianapolis history. This condominium offers an opportunity to embrace a lifestyle of comfort and convenience. Priced to sell with all hardwood flooring in all rooms. Beautiful lake view from living room and outdoor balcony. Priced to sell!
Standout features identified
Our analysis highlights water aspect, inviting home, and outdoor balcony as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,155/month
Principal & Interest$648
Property Tax$125
Insurance$42
HOA$340
Down payment20% ($24,980)
3%50%
Est. 6.75% rate · 30yr fixed · $99,920 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Condominium
Year Built1965
HeatingElectric, Forced Air
CoolingCentral Air
ParkingNo Data
HOA$340 monthly
Days on Zillow126 Days
Price/sqft$93
Property
Home typeCondo
Sub-typeResidential, Condominium
StyleTraditional
Year built1965
Stories1
Systems
HeatingElectric, Forced Air
CoolingCentral Air
ConstructionBrick
Water / SewerPublic
Parking & Outdoor
Lot3,484 sqft
Location & Tax
NeighborhoodMillersville
Annual tax$2,524
Parcel490708104041000800
Bathrooms & Fees
Full baths2
HOA$340/mo
Features & details
8 categories of property features
Interior Features
Interior
Breakfast Bar
Ceiling Fan(s)
Hardwood Floors
High Speed Internet
Appliances
Refrigerator
Dishwasher
Flooring
Hardwood
Heating
Electric
Forced Air
Cooling
Central Air
Exterior Features
Exterior
Balcony
Construction
Brick
Views
Lake
Water
Room details
5 rooms detailed
Master Bedroom
Main11×15 ft165 sqft
Bedroom2
Main11×12 ft132 sqft
Dining Room
Main10×12 ft120 sqft
Kitchen
Main7×9 ft63 sqft
Living Room
Main15×17 ft255 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market126
Tax rate0.96%
Price/sqft$93
On marketDec 3, 2025
PostedDec 3, 2025
Last sold$62,650
MLS statusActive
MLS updatedFeb 3, 2026
Tour days9
Views462
Favorites17
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46205
Price history
8 events
DateEventPrice$/sqftSource
Feb 3, 2026Price Change$124,900$93MIBOR as distributed by MLS GRID
Dec 3, 2025Listed For Sale$130,000$97MIBOR as distributed by MLS GRID
Sep 25, 2010Listing Removed$47,000$35foreclosure.com
Aug 22, 2010Price Change$47,000$35foreclosure.com
Jul 25, 2010Price Change$53,000$39foreclosure.com
Jun 20, 2010Listed For Sale$58,000$43foreclosure.com
May 5, 2010Sold$62,650$47Public Record
Feb 12, 2008Sold$6,055$4Public Record
Price Change$124,900
Feb 3, 2026•$93/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$130,000
Dec 3, 2025•$97/sqft•MIBOR as distributed by MLS GRID
Listing Removed$47,000
Sep 25, 2010•$35/sqft•foreclosure.com
Price Change$47,000
Aug 22, 2010•$35/sqft•foreclosure.com
Price Change$53,000
Jul 25, 2010•$39/sqft•foreclosure.com
Listed For Sale$58,000
Jun 20, 2010•$43/sqft•foreclosure.com
Sold$62,650
May 5, 2010•$47/sqft•Public Record
Sold$6,055
Feb 12, 2008•$4/sqft•Public Record
Tax history
15 years of records
YearTax paidAssessed value
Apr 8, 2024$2,525$99,400
Apr 8, 2023$1,737$99,500
Apr 8, 2022$1,760$67,700
Apr 8, 2021$1,610$67,100
Apr 8, 2020$1,511$64,800
Apr 8, 2019$1,256$64,700
Apr 8, 2018$1,213$55,000
Apr 8, 2017$893$52,300
Apr 8, 2016$824$40,100
Apr 8, 2014$864$41,900
Apr 8, 2013$1,105$54,300
Apr 8, 2012$1,105$54,800
Apr 8, 2011—$63,600
Apr 8, 2010$245$63,600
Apr 8, 2009$221$65,300
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
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-08 16:13:03 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)
No obligation · Same-day response