Pending

$108,700

5228 W Raymond St, Indianapolis, IN 46241

2beds

792sqft

$784/mo

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Residential, Single Family Residence

Built in 1941

5,227 Square Feet Lot

$102,200 Zestimate^®

$137/sqft

$-- HOA

What's special

Detached one-car garageVinyl sidingOne bathTwo bedroomsWood windowsOne-level home

This charming bungalow offers an affordable opportunity with a simple, functional layout and plenty of potential. With two bedrooms and one bath, it's a great option for a first-time buyer, investor, or anyone looking for a manageable home to make their own. Take a closer look and see what you can do with this property. Built in 1941, this one-level home offers 792 square feet of living space, vinyl siding, wood windows, and a detached one-car garage. Owner financing is available to a qualified buyer. Property is sold strictly as-is, and the seller will make no repairs.

35 days
297
33

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2

Primary bedroom

Level: Main
Area: 110 Square Feet
Dimensions: 10x11

Bedroom 2

Level: Main
Area: 121 Square Feet
Dimensions: 11x11

Kitchen

Level: Main
Area: 156 Square Feet
Dimensions: 13x12

Laundry

Level: Main
Area: 28 Square Feet
Dimensions: 7x4

Living room

Level: Main
Area: 154 Square Feet
Dimensions: 14x11

Heating

Forced Air, Natural Gas

Cooling

None

Appliances

Included: Electric Oven, Refrigerator

Features

Windows: WoodWorkStain/Painted
Has basement: No

Interior area

Total structure area: 792
Total interior livable area: 792 sqft

Property

Parking

Total spaces: 1
Parking features: Detached
Garage spaces: 1

Features

Levels: One
Stories: 1

Lot

Size: 5,227 Square Feet

Details

Parcel number: 491118120180000900
Special conditions: As Is
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Residential, Single Family Residence

Materials

Vinyl Siding, Wood Siding
Foundation: Block

Condition

New construction: No
Year built: 1941

Utilities & green energy

Water: Public

Community & HOA

Community

Subdivision: Drexel Gardens

HOA

Has HOA: No

Location

Region: Indianapolis

Financial & listing details

Price per square foot: $137/sqft
Tax assessed value: $130,500
Annual tax amount: $3,110
Date on market: 7/28/2026
Cumulative days on market: 37 days

Estimated market value

$102,200

$96,000 - $107,000

$1,169/mo

Price history

Date	Event	Price
8/14/2026	Pending sale	$108,700$137/sqft
Source: MIBOR as distributed by MLS GRID #22116972 Report a problem
7/28/2026	Listed for sale	$108,700+78.2%$137/sqft
Source: MIBOR as distributed by MLS GRID #22116972 Report a problem
3/11/2019	Sold	$61,000+5.2%$77/sqft
Source: MIBOR as distributed by MLS GRID #21612326 Report a problem
1/22/2019	Pending sale	$58,000$73/sqft
Source: Indys Choice Real Estate, LLC #21612326 Report a problem
12/27/2018	Listed for sale	$58,000+28.9%$73/sqft
Source: Indys Choice Real Estate, LLC #21612326 Report a problem
5/2/2016	Listing removed	$650-3.7%$1/sqft
Source: Owner Report a problem
1/4/2016	Listing removed	$675$1/sqft
Source: Alpine Leasing Report a problem
12/7/2015	Listed for rent	$675$1/sqft
Source: Alpine Leasing Report a problem
5/19/2015	Listing removed	$675$1/sqft
Source: Lease 317 Report a problem
5/1/2015	Sold	$45,000+114.3%$57/sqft
Source: Public Record Report a problem
4/17/2015	Listed for rent	$675$1/sqft
Source: Zillow Rental Network Report a problem
6/6/2014	Sold	$21,000+812.6%$27/sqft
Source: MIBOR as distributed by MLS GRID #21284323 Report a problem
2/10/2014	Sold	$2,301-86.1%$3/sqft
Source: Public Record Report a problem
10/9/2007	Sold	$16,500$21/sqft
Source: MIBOR as distributed by MLS GRID #2752566 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,449 -1.1%	$130,500 +25.2%
2024	$2,475 +9.2%	$104,200 -1%
2023	$2,266 +18.7%	$105,300 +9.2%
2022	$1,910 +22.9%	$96,400 +36.4%
2021	$1,554 +43%	$70,700 +23%
2020	$1,086 +3.3%	$57,500 +43%
2019	$1,051 -2.1%	$40,200 -10.1%
2018	$1,074 -14.5%	$44,700 +0.9%
2017	$1,256 +42.7%	$44,300 -12.8%
2016	$880 +19.4%	$50,800 +38%
2014	$737 +2.8%	$36,800
2013	$717	$36,800 +2.8%
2012	$717	$35,800 -6%
2011	--	$38,100 -1%
2010	$771 -1.5%	$38,500 -1.5%
2009	$783	$39,100 -4.4%
2007	--	$40,900

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: Park Fletcher

Getting around

23 / 100

Car-Dependent

0 / 100

No Nearby Transit

37 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

4/10
Maplewood Elementary School
Grades: PK-6Distance: 0.6 mi
3/10
Lynhurst 7th & 8th Grade Center
Grades: 7-8Distance: 0.8 mi
3/10
Ben Davis High School
Grades: 10-12Distance: 4 mi

Schools provided by the listing agent

Elementary: Maplewood Elementary School
Middle: Lynhurst 7th & 8th Grade Center
High: Ben Davis High School

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.