For Sale89d on market
5551 Meadowood Dr
Indianapolis, IN, 46224 • 46224 • Marion County
$279,900
$113/sqft
-$10,000 since Mar 19, 2026
Down payment assistance available
3Beds
2Baths
2,470Sqft
0.21 acLot
1957Built
Property DNA
Ranch Style
Built 1957 · 69 years of history
Meadowood
46224
Outdoor Living
Patio
1 Fireplace
Family Room
1-Car Garage
Detached
This home is getting attention
Listed 89 days ago · 1,849 views · 60 saves
Market activity
Demand and pricing signals for this listing
1,849 views
People checking out this listing
60 saves
Buyers have saved this home
89 days on market
Established listing
$113/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 31% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Single Family · Built 1957
Great house in Speedway area, check out this inviting 3 Bedrooms and 1.5 Bath. Home in desirable Meadowood. Boasting spacious living areas, an open floor plan. Hardwood floor in all bedrooms. The large family room elicits cozy evenings by the fireplace while the open floor plan allows for practicality making entertaining a breeze. Newley laminate floor installed through the living and family room. Finished basement including an extra room with an additional huge walk-in closet and an extra living area for family gathering . Ample storage and space for all your needs. Great size backyard and one car garage. Laundry room is located in the basement.
Standout features identified
Our analysis highlights finished basement, one car garage, and great size backyard as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,753/month
Principal & Interest$1,380
Property Tax$280
Insurance$93
Down payment20% ($55,980)
3%50%
Est. 6.26% rate · 30yr fixed · $223,920 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1957
HeatingForced Air
CoolingCentral Air
Parking1 Garage space
Lot9,147 sqft
Days on Zillow89 Days
Price/sqft$113
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
Year built1957
Stories1
Systems
HeatingForced Air
CoolingCentral Air
ConstructionBrick
Water / SewerPublic
Parking & Outdoor
ParkingDetached
Garage1 spaces
Fireplaces1
Lot9,147 sqft
Location & Tax
Neighborhood46224
Annual tax$2,916
Parcel490525106009000914
Bathrooms & Fees
Full baths1
Features & details
8 categories of property features
Interior Features
Interior
Eat-in Kitchen
Appliances
Dryer
Electric Oven
Refrigerator
Washer
Water Heater
Water Softener Owned
Heating
Forced Air
Cooling
Central Air
Fireplace
Family Room
Exterior Features
Parking
Detached
Construction
Brick
Patio & Porch
Patio
Room details
7 rooms detailed
Master Bedroom
Main11×11 ft121 sqft
Bedroom2
Main10×10 ft100 sqft
Bedroom3
Main11×8 ft88 sqft
Dining Room
Main10×8 ft80 sqft
Family Room
Main19×15 ft285 sqft
Kitchen
Main8×6 ft48 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market89
Est. value$278,100
Est. rent$1,861/mo
Tax rate0.96%
Price/sqft$113
On marketJan 9, 2026
PostedJan 9, 2026
Last sold$250,000
MLS statusActive
MLS updatedMar 19, 2026
Tour days9
Views1,849
Favorites60
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46224
Price history
6 events
DateEventPrice$/sqftSource
Mar 19, 2026Price Change$279,900$113MIBOR as distributed by MLS GRID
Feb 27, 2026Price Change$289,900$117MIBOR as distributed by MLS GRID
Jan 9, 2026Listed For Sale$295,000$119MIBOR as distributed by MLS GRID
May 1, 2024Sold$250,000$101MIBOR as distributed by MLS GRID
Mar 29, 2024Pending Sale$250,000$101MIBOR as distributed by MLS GRID
Mar 28, 2024Listed For Sale$250,000$101MIBOR as distributed by MLS GRID
Price Change$279,900
Mar 19, 2026•$113/sqft•MIBOR as distributed by MLS GRID
Price Change$289,900
Feb 27, 2026•$117/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$295,000
Jan 9, 2026•$119/sqft•MIBOR as distributed by MLS GRID
Sold$250,000
May 1, 2024•$101/sqft•MIBOR as distributed by MLS GRID
Pending Sale$250,000
Mar 29, 2024•$101/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$250,000
Mar 28, 2024•$101/sqft•MIBOR as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 8, 2024$2,795$231,200
Apr 8, 2023$2,626$224,400
Apr 8, 2022$1,991$208,100
Apr 8, 2021$1,713$160,800
Apr 8, 2020$1,695$141,300
Apr 8, 2019$1,553$141,300
Apr 8, 2018$1,411$131,600
Apr 8, 2017$1,390$127,300
Apr 8, 2016$1,386$124,600
Apr 8, 2014$1,353$123,000
Apr 8, 2013$1,339$119,400
Apr 8, 2012$1,339$122,600
Apr 8, 2011—$122,900
Apr 8, 2010$1,180$123,700
Apr 8, 2009$893$122,100
Apr 8, 2007—$130,100
Apr 8, 2006—$129,300
Apr 8, 2005—$102,900
Apr 8, 2004—$102,900
Apr 8, 2003—$102,900
Apr 8, 2002—$55,900
Apr 8, 2001—$18,640
Apr 8, 2000—$18,640
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
4622246224
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-08 10:27:54 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