Exceptional turnkey opportunity for savvy investors or future owner-occupants! Situated on a prime .10-acre corner lot in a quiet cul-de-sac, this beautifully refreshed 3-bedroom, 2-bath, 1,077 sq ft ranch at 5231 Pin Oak Drive delivers immediate cash flow and effortless ownership. The interior showcases extensive updates completed within the last year, including modern luxury vinyl plank flooring throughout and crisp, neutral interior paint. Major mechanical updates offer long-term peace of mind, highlighted by a brand-new AC unit paired with a furnace estimated at only 1-2 years old, providing a virtually new full HVAC system. The single-level layout maximizes functional living space, making it easy to maintain and highly appealing to tenants and future residents alike. The property is being sold with a reliable tenant in place generating $1,600/month in steady rental income through December 31, 2026. Enjoy true hands-off management: the tenant covers all utilities and is fully responsible for lawn care. Whether you are looking to expand your rental portfolio with a low-maintenance, income-producing asset from day one or secure a move-in-ready home to occupy at lease-end, this updated Indianapolis ranch represents a smart, versatile addition to your portfolio. Schedule your showing today!
Active
$220,000
5231 Pin Oak Dr, Indianapolis, IN 46254
3beds
1,077sqft
Residential, Single Family Residence
Built in 1992
4,356 Square Feet Lot
$217,300 Zestimate®
$204/sqft
$35/mo HOA
What's special
- 8 days
- 582
- 55
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22121328
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: 156 Square Feet
- Dimensions: 13x12
Bedroom 2
- Level: Main
- Area: 99 Square Feet
- Dimensions: 11x9
Bedroom 3
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10x9
Kitchen
- Level: Main
- Area: 117 Square Feet
- Dimensions: 13x9
Laundry
- Level: Main
- Area: 45 Square Feet
- Dimensions: 9x5
Living room
- Level: Main
- Area: 252 Square Feet
- Dimensions: 18x14
Heating
- Forced Air, Heat Pump, Electric
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Electric Water Heater, Disposal, MicroHood, Microwave, Electric Oven, Refrigerator
- Laundry: Connections All, Main Level
Features
- Attic Access, Cathedral Ceiling(s), Entrance Foyer, Eat-in Kitchen, Walk-In Closet(s)
- Has basement: No
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Insert, Living Room
Interior area
- Total structure area: 1,077
- Total interior livable area: 1,077 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Garage Parking Other(Keyless Entry)
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
Lot
- Size: 4,356 Square Feet
- Features: Cul-De-Sac, Curbs, Mature Trees, Trees-Small (Under 20 Ft), Wooded
Details
- Parcel number: 490606112054000600
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Brick
- Foundation: Slab
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1992
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Gardens North
HOA
- Has HOA: Yes
- Amenities included: Pool
- Services included: Entrance Common, Insurance, Maintenance, ParkPlayground, Management, Snow Removal, Trash
- HOA fee: $35 monthly
- HOA phone: 317-262-4989
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $225,100
- Annual tax amount: $5,102
- Date on market: 8/21/2026
- Cumulative days on market: 10 days
Estimated market value
$217,300
$206,000 - $228,000
$1,694/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Listed for sale | $220,000+46.7%$204/sqft |
Source:  MIBOR as distributed by MLS GRID #22121328 Report a problem | ||
| 12/13/2025 | Listing removed | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/2/2025 | Listed for rent | $1,600+23.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/25/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/18/2021 | Listed for rent | $1,300$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/12/2021 | Sold | $150,000+3.4%$139/sqft |
Source: MIBOR as distributed by MLS GRID #21763775 Report a problem | ||
| 3/9/2021 | Pending sale | $145,000$135/sqft |
Source: Keller Williams Indianapolis Metro North #21763775 Report a problem | ||
| 2/10/2021 | Listed for sale | $145,000$135/sqft |
Source:  Keller Williams #21763775 Report a problem | ||
| 2/7/2021 | Pending sale | $145,000+3.6%$135/sqft |
Source: MIBOR as distributed by MLS GRID #21763775 Report a problem | ||
| 2/5/2021 | Listed for sale | $139,900+42.8%$130/sqft |
Source: MIBOR as distributed by MLS GRID #21763775 Report a problem | ||
| 2/28/2005 | Sold | $98,000$91/sqft |
Source: MIBOR as distributed by MLS GRID #2434659 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,108 +50.4% | $225,100 +22.7% |
| 2024 | $2,732 -11.2% | $183,400 +34.3% |
| 2023 | $3,076 +152.8% | $136,600 -11.2% |
| 2022 | $1,217 +7.2% | $153,800 +23.2% |
| 2021 | $1,136 +15.7% | $124,800 +4.1% |
| 2020 | $982 +8.2% | $119,900 +8.1% |
| 2019 | $908 +14.1% | $110,900 +5.4% |
| 2018 | $795 +1.1% | $105,200 +9% |
| 2017 | $786 +19.4% | $96,500 +3.5% |
| 2016 | $659 +30.1% | $93,200 +15.8% |
| 2014 | $506 -1.5% | $80,500 |
| 2013 | $514 | $80,500 -3.9% |
| 2012 | $514 | $83,800 -0.7% |
| 2011 | -- | $84,400 -0.8% |
| 2010 | $474 +12.2% | $85,100 +3.5% |
| 2009 | $422 | $82,200 -15.1% |
| 2007 | -- | $96,800 -2.2% |
| 2006 | -- | $99,000 +15.4% |
| 2005 | -- | $85,800 |
| 2004 | -- | $85,800 |
| 2003 | -- | $85,800 +56% |
| 2002 | -- | $55,000 +199.9% |
| 2001 | -- | $18,340 |
| 2000 | -- | $18,340 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Snacks-Guion Creek
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