Rare find: 2.67-acre horse property in the Brownsburg school district under $400K. Established equestrian setup is ready day one - sand riding arena with post & board fencing, run-in shelter, detached tack house, hay storage, and fully fenced pasture turnout. Updated 3-bedroom ranch features refinished hardwood floors, updated kitchen, fully remodeled tile bathrooms, and 2-car attached garage. This hidden gem is all about the horses but the house itself is a unique find. No HOA, no subdivision restrictions. Just 20 minutes to downtown Indianapolis and minutes to Brownsburg amenities. Perfect for horse owners, hobby farmers, animal lovers, or anyone wanting acreage and outbuildings without leaving Brownsburg schools or the Indy commute behind. Move in, bring your horses, settle in.
Active
Price cut: $25K (7/9)
$349,900
5116 N Raceway Rd, Indianapolis, IN 46234
3beds
1,166sqft
:
Get pre-qualified$2,240/mo
Residential, Single Family Residence
Built in 1957
2.67 Acres Lot
$-- Zestimate®
$300/sqft
$-- HOA
What's special
- 52 days |
- 1,354 |
- 112 |
Zillow last checked:
Listing updated:
Listed by:
Josh Latham 317-989-7465,
RE/MAX Advanced Realty
Source: MIBOR as distributed by MLS GRID,MLS#: 22105869
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Bedroom 3
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Dining room
- Level: Main
- Area: 56 Square Feet
- Dimensions: 7x8
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 112 Square Feet
- Dimensions: 8x14
Living room
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11x12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Water Heater, MicroHood, Electric Oven, Refrigerator
- Laundry: Connections All
Features
- Hardwood Floors, Eat-in Kitchen
- Flooring: Hardwood
- Has basement: No
Interior area
- Total structure area: 1,166
- Total interior livable area: 1,166 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Garage Parking Other(Garage Door Opener)
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Storage, Other
- Fencing: Fenced,Fence Complete,Gate,Perimeter,Split Rail
Lot
- Size: 2.67 Acres
- Features: Not In Subdivision, Mature Trees, See Remarks
Details
- Additional structures: Storage
- Parcel number: 320808400004000015
- Horse amenities: Arena, Barn, Corral(s), Hay Storage, Pasture, Tack Room
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Stone
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1957
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Private
Community & HOA
Community
- Subdivision: Metes & Bounds
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $300/sqft
- Tax assessed value: $208,300
- Annual tax amount: $1,818
- Date on market: 6/5/2026
- Cumulative days on market: 54 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Price change | $349,900-6.7%$300/sqft |
Source:  MIBOR as distributed by MLS GRID #22105869 Report a problem | ||
| 6/25/2026 | Price change | $374,900-2.6%$322/sqft |
Source: MIBOR as distributed by MLS GRID #22105869 Report a problem | ||
| 6/19/2026 | Price change | $384,900-3.5%$330/sqft |
Source: MIBOR as distributed by MLS GRID #22105869 Report a problem | ||
| 6/5/2026 | Listed for sale | $399,000+175.2%$342/sqft |
Source: MIBOR as distributed by MLS GRID #22105869 Report a problem | ||
| 9/30/2020 | Sold | $145,000-21.6%$124/sqft |
Source: MIBOR as distributed by MLS GRID #21731924 Report a problem | ||
| 9/15/2020 | Pending sale | $185,000$159/sqft |
Source: Carpenter Realtors, Inc. #21731924 Report a problem | ||
| 9/12/2020 | Price change | $185,000-7.3%$159/sqft |
Source: Carpenter Realtors, Inc. #21731924 Report a problem | ||
| 8/14/2020 | Listed for sale | $199,500$171/sqft |
Source: Carpenter, REALTORS� #21731924 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,957 -6.1% | $208,300 +4.2% |
| 2024 | $2,083 +4.8% | $200,000 -1% |
| 2023 | $1,988 +11.9% | $202,000 +5.3% |
| 2022 | $1,777 +3.3% | $191,900 +11.5% |
| 2021 | $1,721 -42.2% | $172,100 +3.5% |
| 2020 | $2,979 +2.6% | $166,200 +12.5% |
| 2019 | $2,902 +0.7% | $147,700 +2.8% |
| 2018 | $2,883 +1.4% | $143,700 +0.8% |
| 2017 | $2,843 +195.6% | $142,500 +1.4% |
| 2016 | $962 +1.5% | $140,500 +11.2% |
| 2014 | $948 -0.1% | $126,300 +4.9% |
| 2013 | $948 -5.6% | $120,400 -3.7% |
| 2011 | $1,004 +2.4% | $125,000 |
| 2010 | $981 +2.5% | $125,000 |
| 2009 | $957 +7.4% | $125,000 +11.7% |
| 2007 | $891 +0.1% | $111,880 +15.3% |
| 2006 | $890 | $97,000 |
| 2005 | -- | $97,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Eagle Creek
Nearby schools
GreatSchools rating
- 9/10Reagan ElementaryGrades: K-5Distance: 2.6 mi
- 9/10Brownsburg East Middle SchoolGrades: 6-8Distance: 2.9 mi
- 10/10Brownsburg High SchoolGrades: 9-12Distance: 3.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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