Charming 3-bedroom ranch with fresh paint throughout, featuring a fully fenced yard, large deck, and mini barn. The roof is just 2 years old. Situated on a pond, the property line extends across the water, giving you shared ownership of the lake with neighboring homes-perfect for swimming, fishing, or even adding your own boat dock. Located in the desirable Franklin Township school district.
Sold
$202,000
5218 Palisade Way, Indianapolis, IN 46237
3beds
1,064sqft
Residential, Single Family Residence
Built in 1982
0.57 Acres Lot
$204,000 Zestimate®
$190/sqft
$1,543 Estimated rent
Home value
$204,000
$190,000 - $218,000
$1,543/mo
Zestimate® history
Owner options
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$1,543/mo
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$1,309/mo
Est. payment
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$1,309/mo
Est. payment
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List your homeWhat's special
Mini barnFully fenced yardLarge deckSituated on a pond
Zillow last checked:
Listing updated:
Listing Provided by:
Emily Brewer 317-938-5046,
Redfin Corporation
Bought with:
Amanda Ell
Coldwell Banker Stiles
Source: MIBOR as distributed by MLS GRID,MLS#: 22062517
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom 2
- Level: Main
- Area: 96 Square Feet
- Dimensions: 8 x 12
Bedroom 3
- Level: Main
- Area: 99 Square Feet
- Dimensions: 11 x 9
Kitchen
- Level: Main
- Area: 231 Square Feet
- Dimensions: 21 x 11
Laundry
- Level: Main
- Area: 60 Square Feet
- Dimensions: 5 x 12
Living room
- Level: Main
- Area: 208 Square Feet
- Dimensions: 13 x 16
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Dishwasher, Electric Water Heater, Disposal, Electric Oven, Refrigerator
Features
- Attic Access
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 1,064
- Total interior livable area: 1,064 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
Lot
- Size: 0.57 Acres
Details
- Parcel number: 491503133018000300
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Arlington Acres North
Price history
| Date | Event | Price |
|---|---|---|
| 12/8/2025 | Sold | $202,000-1.5%$190/sqft |
Source:  MIBOR as distributed by MLS GRID #22062517 Report a problem | ||
| 11/5/2025 | Pending sale | $205,000$193/sqft |
Source: MIBOR as distributed by MLS GRID #22062517 Report a problem | ||
| 10/27/2025 | Price change | $205,000-4.7%$193/sqft |
Source: MIBOR as distributed by MLS GRID #22062517 Report a problem | ||
| 9/15/2025 | Listed for sale | $215,000+124.2%$202/sqft |
Source: MIBOR as distributed by MLS GRID #22062517 Report a problem | ||
| 11/3/2017 | Sold | $95,900+132.8%$90/sqft |
Source: Public Record Report a problem | ||
| 10/22/2012 | Sold | $41,200$39/sqft |
Source: MIBOR as distributed by MLS GRID #21196225 Report a problem | ||
| 9/13/2012 | Listed for sale | $41,200-51.6%$39/sqft |
Source: Homepath #21196225 Report a problem | ||
| 8/2/2012 | Sold | $85,119$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $553 +1.5% | $195,100 +14.1% |
| 2024 | $544 +1.9% | $171,000 +15.9% |
| 2023 | $534 +2.3% | $147,600 +6.3% |
| 2022 | $522 +2% | $138,800 +7.4% |
| 2021 | $512 +1.6% | $129,200 +12% |
| 2020 | $504 +2% | $115,400 +7.9% |
| 2019 | $494 -4.4% | $107,000 +10.9% |
| 2018 | $517 -57.2% | $96,500 +58.7% |
| 2017 | $1,208 +1.5% | $60,800 +7.4% |
| 2016 | $1,190 +13.8% | $56,600 +8.8% |
| 2014 | $1,046 +18.9% | $52,000 -31.8% |
| 2013 | $880 | $76,200 -11.8% |
| 2012 | $880 | $86,400 +4.3% |
| 2011 | -- | $82,800 +0.1% |
| 2010 | $844 +9% | $82,700 -4.6% |
| 2009 | $774 | $86,700 -3.1% |
| 2007 | -- | $89,500 +0.6% |
| 2006 | -- | $89,000 +10.6% |
| 2005 | -- | $80,500 |
| 2004 | -- | $80,500 -30.2% |
| 2003 | -- | $115,300 +172.6% |
| 2002 | -- | $42,300 +200% |
| 2001 | -- | $14,100 |
| 2000 | -- | $14,100 |
Find assessor info on the county website
Neighborhood: South Emerson
Nearby schools
GreatSchools rating
- 5/10Arlington Elementary SchoolGrades: K-3Distance: 0.9 mi
- 7/10Franklin Central Junior HighGrades: 7-8Distance: 5.3 mi
- 9/10Franklin Central High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Middle: Franklin County Middle School
- High: Franklin County High
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$204,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$204,000
- Indiana
- Marion County
- Indianapolis
- 46237
- South Emerson
- 5218 Palisade Way
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