For Sale178d on market
4465 W Grouse Dr
Trafalgar, IN, 46181 • 46181 • Johnson County
$1,499,000
$362/sqft
-$51,000 since Mar 28, 2026
Down payment assistance available
4Beds
4Baths
4,136Sqft
0.52 acLot
1974Built
Property DNA
Waterfront Property
Boat Slip, Dock, Lake Privileges, Lake Front, Water Access, Water View, Waterfront
Traditional Style
Built 1974 · 52 years of history
Lamb Lake Estates
Maintenance · Snow Removal · Trail(s)
Outdoor Living
Covered · Deck · Screened
2 Fireplaces
Family Room · Gas Log · Living Room · Wood Burning
2-Car Garage
Attached
Premium Finishes
Hardwood Floors · Walk-In Closet(s)
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 178 days ago · 872 views · 19 saves
Market activity
Demand and pricing signals for this listing
872 views
People checking out this listing
19 saves
Buyers have saved this home
178 days on market
Established listing
$362/sqft
Price per square foot
About this home
Single Family · Built 1974
Located on 500 acre Lamb Lake, this beautiful 4 bedroom/3.5 bath home has absolutely everything you need to enjoy privately or entertain friends and family. Meticulously cared for, this property offers 3 levels of usable space. Top level includes 2 bedrooms, full bathroom, recently updated kitchen with large dining area, formal sitting area with fireplace and stunning lake-side views. Middle level offers a spacious family room with soaring 20 ft ceilings and incredible natural light or choose to joy the cozy sitting area around 2nd wood burning fireplace and bar. Primary bedroom on middle level boasts a large walk in closet and access to screened in patio. Lower level has expansive bunk room, full bath and workout/gym area. This home has a screened in porch, open air porch, multiple decks/patios, the outdoor areas will cater to a multitude of wants and loves. Lakeside gazebo is a great option to warm up around the fire pit after a long day on the water. Fully landscaped property and terraced down to large private dock spanning the 150ft of shoreline with power and covered boat lift. Phenomenal water views and lake location providing plenty of space to swim, fish and sunbathe. Great storage space in and out. Decking is maintenance-free trex composite. Outdoor shower, home generator, whole house surge protection, newer tank-less water heater, wine fridge, integrated surround sound speakers; the intricate details on this property go on and on.
Standout features identified
Our analysis highlights wood burning fireplace, private dock, and maintenance-free trex composite as key attractions of this home.
Estimated monthly payment
Based on current rates
$9,860/month
Principal & Interest$7,778
Property Tax$1,499
Insurance$500
HOA$83
Down payment20% ($299,800)
3%50%
Est. 6.75% rate · 30yr fixed · $1,199,200 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1974
HeatingForced Air, Natural Gas, Heat Pump
CoolingCentral Air
Parking2 Attached Garage spaces
HOA$1,000 annually
Lot0.52 Acres
Days on Zillow178 Days
Price/sqft$362
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleTraditional
ConditionUpdated/Remodeled
Year built1974
Systems
HeatingForced Air, Natural Gas, Heat Pump
CoolingCentral Air
ConstructionBlock, Stone
Water / SewerPublic / Septic Tank
Parking & Outdoor
ParkingAttached
Garage2 spaces
BasementCeiling - 9+ feet,Finished,Walk-Out Access
Fireplaces2
Lot0.52 Acres
Location & Tax
Neighborhood46181
Annual tax$11,362
Parcel411034013002000015
Bathrooms & Fees
Full baths3
HOA$83/mo
Features & details
13 categories of property features
Interior Features
Interior
Attic Pull Down Stairs
Breakfast Bar
High Ceilings
Tray Ceiling(s)
Kitchen Island
Entrance Foyer
Hardwood Floors
High Speed Internet
Eat-in Kitchen
Supplemental Storage
Wired for Sound
Walk-In Closet(s)
Appliances
Electric Cooktop
Dishwasher
Dryer
Disposal
Gas Water Heater
Exhaust Fan
Microwave
Oven
Gas Oven
Refrigerator
Bar Fridge
Tankless Water Heater
Washer
Wine Cooler
Flooring
Hardwood
Heating
Forced Air
Natural Gas
Heat Pump
Cooling
Central Air
Fireplace
Family Room
Gas Log
Living Room
Wood Burning
Exterior Features
Exterior
Gutter Guards
Fire Pit
Outdoor Shower
Parking
Attached
Construction
Block
Stone
Patio & Porch
Covered
Deck
Screened
Lot Features
Rural - Subdivision
Security
Security System Owned
Utilities
Water Connected
Room details
8 rooms detailed
Master Bedroom
Main18×14 ft252 sqft
Bedroom2
Upper17×13 ft221 sqft
Bedroom3
Upper13×11 ft143 sqft
Bedroom4
Basement15×20 ft300 sqft
Family Room
Main26×26 ft676 sqft
Great Room
Upper26×17 ft442 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market178
Tax rate0.79%
Price/sqft$362
On marketOct 12, 2025
PostedOct 12, 2025
Last sold$605,000
MLS statusActive
MLS updatedMar 31, 2026
Tour days9
Views872
Favorites19
How are the schools in Trafalgar?
3 schools rated nearby
Location
Trafalgar, IN, 46181
Price history
11 events
DateEventPrice$/sqftSource
Mar 28, 2026Price Change$1,499,000$362MIBOR as distributed by MLS GRID
Feb 23, 2026Price Change$1,550,000$375MIBOR as distributed by MLS GRID
Oct 12, 2025Listed For Sale$1,600,000$387MIBOR as distributed by MLS GRID
Sep 9, 2014Sold$605,000$146MIBOR as distributed by MLS GRID
Aug 22, 2014Pending Sale$624,900$151Carpenter Realtors
Jul 3, 2014Price Change$624,900$151Greenwood
Feb 11, 2014Listed For Sale$640,000$155Carpenter Realtors
Nov 13, 2013Listing Removed$642,500$155Lough Realty
Aug 14, 2013Price Change$642,500$155Lough Realty
Jul 3, 2013Price Change$674,900$163Lough Realty
Jun 14, 2013Listed For Sale$699,500$169Lough Realty
Price Change$1,499,000
Mar 28, 2026•$362/sqft•MIBOR as distributed by MLS GRID
Price Change$1,550,000
Feb 23, 2026•$375/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$1,600,000
Oct 12, 2025•$387/sqft•MIBOR as distributed by MLS GRID
Sold$605,000
Sep 9, 2014•$146/sqft•MIBOR as distributed by MLS GRID
Pending Sale$624,900
Aug 22, 2014•$151/sqft•Carpenter Realtors
Price Change$624,900
Jul 3, 2014•$151/sqft•Greenwood
Listed For Sale$640,000
Feb 11, 2014•$155/sqft•Carpenter Realtors
Listing Removed$642,500
Nov 13, 2013•$155/sqft•Lough Realty
Price Change$642,500
Aug 14, 2013•$155/sqft•Lough Realty
Price Change$674,900
Jul 3, 2013•$163/sqft•Lough Realty
Listed For Sale$699,500
Jun 14, 2013•$169/sqft•Lough Realty
Tax history
18 years of records
YearTax paidAssessed value
Apr 8, 2024$11,428$795,200
Apr 8, 2023$11,046$795,200
Apr 8, 2022$8,250$768,800
Apr 8, 2021$7,901$594,700
Apr 8, 2020$7,835$603,100
Apr 8, 2019$7,509$607,300
Apr 8, 2018$7,730$588,500
Apr 8, 2017$7,983$590,400
Apr 8, 2016$7,983$607,900
Apr 8, 2014$5,990$498,200
Apr 8, 2013$3,412$489,200
Apr 8, 2012$3,148$411,300
Apr 8, 2011$1,280$212,400
Apr 8, 2010$1,349$212,400
Apr 8, 2009$1,393$212,400
Apr 8, 2007$1,877$242,000
Apr 8, 2006$2,260$222,000
Apr 8, 2005—$137,700
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 14:58:01 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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