For Sale168d on market
8048 S Indian Ridge Dr
Trafalgar, IN, 46181 • 46181 • Johnson County
$499,500
$222/sqft
-$35,500 since Nov 20, 2025
Down payment assistance available
3Beds
3Baths
2,246Sqft
0.96 acLot
1987Built
Property DNA
Ranch Style
Built 1987 · 39 years of history
Lamb Lake Estates
Maintenance · Security · Snow Removal
Outdoor Living
Deck · Glass Enclosed
2 Fireplaces
Basement · Family Room · Living Room · Wood Burning
2-Car Garage
Attached · Asphalt · Gravel
Premium Finishes
Hardwood Floors
Hardwood Floors
Quality flooring throughout
$83/mo HOA
Maintenance · Security · Snow Removal
This home is getting attention
Listed 168 days ago · 1,640 views · 40 saves
Market activity
Demand and pricing signals for this listing
1,640 views
People checking out this listing
40 saves
Buyers have saved this home
168 days on market
Established listing
$222/sqft
Price per square foot
About this home
Single Family · Built 1987
Wonderful opportunity to purchase on 500-acre Lamb Lake. Sitting on almost an acre, this ranch home with finished walk out basement is nestled in a beautiful wooded setting. Home is located off the water, but all lake rights are included and can be enjoyed. Home structure is a wonderful mixture of natural stone and wood exterior with private backyard and multi-level decks offering plenty of area to entertain. Open living room with natural stone fireplace leading into dining and large kitchen with Nichols cabinets. Open basement with 2nd natural stone fireplace, 2 bonus rooms currently used as 2nd and 3rd bedrooms, or could be office and gym. Level driveway with extra gravel area to park & 10x10 workshop in garage. Exterior painted and new gutters in '22. Fresh paint on both decks and glassed-in porch. Hard wood flooring on main level, carpet in master, LVT flooring throughout walk out basement & upper level fully enclosed glass porch installed in '22. Recently updated stone bathroom countertops. Incredible price point for Lamb Lake community where you can enjoy long days on the water enjoying water sports, fishing, or anchoring in coves to enjoy crystal clear water. Close proximity to hiking trails and community activities all year long. 45 min to the airport or downtown Indy, 30 min to Greenwood or Columbus and just 20 mins to historic Nashville and Brown county state park.
Standout features identified
Our analysis highlights beautiful wooded setting, fully enclosed glass porch, and private backyard as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,211/month
Principal & Interest$2,462
Property Tax$500
Insurance$167
HOA$83
Down payment20% ($99,900)
3%50%
Est. 6.26% rate · 30yr fixed · $399,600 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1987
HeatingForced Air, Electric
CoolingCentral Air
Parking2 Attached Garage spaces
HOA$1,000 annually
Lot0.96 Acres
Days on Zillow168 Days
Price/sqft$222
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
Year built1987
Stories1
Systems
HeatingForced Air, Electric
CoolingCentral Air
ConstructionCedar
Water / SewerPublic
Parking & Outdoor
ParkingAttached, Asphalt, Gravel
Garage2 spaces
BasementFinished,Walk-Out Access
Fireplaces2
Lot0.96 Acres
Location & Tax
Neighborhood46181
Annual tax$2,700
Parcel411034012012000015
Bathrooms & Fees
Full baths2
HOA$83/mo
Features & details
13 categories of property features
Interior Features
Interior
Attic Access
Breakfast Bar
Hardwood Floors
Pantry
Appliances
Dryer
Electric Water Heater
Disposal
Microwave
Electric Oven
Refrigerator
Washer
Flooring
Hardwood
Heating
Forced Air
Electric
Cooling
Central Air
Laundry
In Basement
Fireplace
Basement
Family Room
Living Room
Wood Burning
Windows
WoodWorkStain/Painted
Exterior Features
Exterior
Gutter Guards
Parking
Attached
Asphalt
Gravel
Construction
Cedar
Patio & Porch
Deck
Glass Enclosed
Lot Features
Mature Trees
Wooded
Room details
10 rooms detailed
Master Bedroom
Main12×19 ft228 sqft
Bedroom2
Basement11×11 ft121 sqft
Bedroom3
Basement11×11 ft121 sqft
Dining Room
Main16×13 ft208 sqft
Family Room
Basement29×13 ft377 sqft
Kitchen
Main16×12 ft192 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market168
Tax rate0.79%
Price/sqft$222
On marketOct 22, 2025
PostedOct 22, 2025
Last sold$419,000
MLS statusActive
MLS updatedFeb 23, 2026
Tour days9
Views1,640
Favorites40
How are the schools in Trafalgar?
3 schools rated nearby
Location
Trafalgar, IN, 46181
Price history
8 events
DateEventPrice$/sqftSource
Nov 20, 2025Price Change$499,500$222MIBOR as distributed by MLS GRID
Oct 22, 2025Listed For Sale$535,000$238MIBOR as distributed by MLS GRID
Oct 17, 2025Listing Removed$549,900$245F.C. Tucker Emge REALTORS
Oct 3, 2025Listed For Sale$549,900—IRMLS
Mar 11, 2022Sold$419,000$187MIBOR as distributed by MLS GRID
Feb 14, 2022Pending Sale$429,000$191MIBOR as distributed by MLS GRID
Dec 7, 2021Price Change$429,000$191MIBOR as distributed by MLS GRID
Nov 25, 2021Listed For Sale$449,900$200MIBOR as distributed by MLS GRID
Price Change$499,500
Nov 20, 2025•$222/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$535,000
Oct 22, 2025•$238/sqft•MIBOR as distributed by MLS GRID
Listing Removed$549,900
Oct 17, 2025•$245/sqft•F.C. Tucker Emge REALTORS
Listed For Sale$549,900
Oct 3, 2025•IRMLS
Sold$419,000
Mar 11, 2022•$187/sqft•MIBOR as distributed by MLS GRID
Pending Sale$429,000
Feb 14, 2022•$191/sqft•MIBOR as distributed by MLS GRID
Price Change$429,000
Dec 7, 2021•$191/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$449,900
Nov 25, 2021•$200/sqft•MIBOR as distributed by MLS GRID
Tax history
18 years of records
YearTax paidAssessed value
Apr 8, 2024$2,952$390,400
Apr 8, 2023$2,418$390,400
Apr 8, 2022$1,758$303,900
Apr 8, 2021$1,435$239,900
Apr 8, 2020$1,262$213,500
Apr 8, 2019$1,661$195,500
Apr 8, 2018$1,132$178,000
Apr 8, 2017$1,135$178,000
Apr 8, 2016$37$178,000
Apr 8, 2014$1,072$183,900
Apr 8, 2013$1,017$177,700
Apr 8, 2012$1,204$185,700
Apr 8, 2011$915$161,300
Apr 8, 2010$964$161,300
Apr 8, 2009$996$161,300
Apr 8, 2007$1,257$174,900
Apr 8, 2006$1,893$190,700
Apr 8, 2005—$159,000
Nearby homes
Neighborhood details
Local context around this listing
Trafalgar, IN • Johnson County
Nearby cities
BargersvilleEdinburghFranklinGreenwoodMorgantownNeedhamNew WhitelandNineveh
Nearby zip codes
46181
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Based on information submitted to the MLS GRID as of 2026-04-08 09:32:54 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)
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