Welcome to The Villages at Memphis! This charming 3-bedroom, 2-bath ranch-style, 1 level home is just 5 years young and ideally located minutes from the Memphis exit—only 15 minutes from Louisville! Tucked away in a peaceful cul-de-sac of 31 homes, this small neighborhood features sidewalks, streetlights, with a welcoming community feel. Perfect home for first time homebuyers, downsizers or retirees!
Step inside to an open-concept layout with vaulted ceilings in the great room that flows seamlessly into the spacious kitchen, offering ample cabinetry and room to gather. Luxury vinyl plank flooring throughout the main living areas makes for low-maintenance living.
The split-bedroom floor plan provides added privacy, with the primary suite featuring a tray ceiling, double vanity, walk-in closet, and a private bath.
Unwind in the evenings on your patio, where you can stargaze, listen to the soothing sounds of owls and frogs, or host memorable gatherings with friends and family.
As an added bonus, the sellers are offering a paint allowance so you can add your personal touch. This home also qualifies for **USDA 100% financing**—a fantastic opportunity you won’t want to miss!
Sold for $255,000
$255,000
5501 Village Lane, Memphis, IN 47143
3beds
1,452sqft
Single Family Residence
Built in 2021
9,670.32 Square Feet Lot
$258,500 Zestimate®
$176/sqft
$1,869 Estimated rent
Home value
$258,500
$209,000 - $321,000
$1,869/mo
Zestimate® history
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$1,764/mo
Est. payment
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Est. payment
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List your homeWhat's special
Primary suiteDouble vanitySplit-bedroom floor planVaulted ceilingsOpen-concept layoutTray ceilingSpacious kitchen
Zillow last checked:
Listing updated:
Listed by:
Jane Drane,
Southern Homes Realty
Bought with:
Sara Carpenter, RB19001376
Schuler Bauer Real Estate Services ERA Powered (N
Source: SIRA,MLS#: 202508784
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Flooring: Carpet
- Level: First
- Dimensions: 13.9 x 12.10
Bedroom
- Description: Flooring: Carpet
- Level: First
- Dimensions: 10.1 x 11.2
Bedroom
- Description: Flooring: Carpet
- Level: First
- Dimensions: 10.9 x 11.0
Family room
- Description: Flooring: Luxury Vinyl Plank
- Level: First
- Dimensions: 17.8 x 19.2
Other
- Description: Flooring: Luxury Vinyl Plank
- Level: First
Other
- Description: Flooring: Luxury Vinyl Plank
- Level: First
Kitchen
- Description: Eat-In Kitchen,Flooring: Luxury Vinyl Plank
- Level: First
- Dimensions: 17.8 x 15.3
Other
- Description: Laundry,Flooring: Luxury Vinyl Plank
- Level: First
Heating
- Forced Air
Cooling
- Heat Pump
Appliances
- Included: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
- Laundry: Main Level, Laundry Room
Features
- Breakfast Bar, Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen, Bath in Primary Bedroom, Main Level Primary, Open Floorplan, Split Bedrooms, Utility Room, Vaulted Ceiling(s), Walk-In Closet(s)
- Windows: Screens
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,452
- Total interior livable area: 1,452 sqft
- Finished area above ground: 1,452
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Faces Front, Garage, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Paved Driveway, Patio
Lot
- Size: 9,670 sqft
Details
- Parcel number: 10000320010
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Brick, Vinyl Siding, Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Memphis
- Subdivision: The Villages at Memphis
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $200 annually
Other
Other facts
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2025 | Sold | $255,000-1.5%$176/sqft |
Source:  SIRA #202508784 Report a problem | ||
| 6/23/2025 | Listed for sale | $258,900+3.1%$178/sqft |
Source: SIRA #202508784 Report a problem | ||
| 4/26/2024 | Sold | $251,000+0.4%$173/sqft |
Source: SIRA #202406748 Report a problem | ||
| 4/2/2024 | Pending sale | $250,000$172/sqft |
Source: SIRA #202406748 Report a problem | ||
| 3/29/2024 | Listed for sale | $250,000+15.5%$172/sqft |
Source: SIRA #202406748 Report a problem | ||
| 3/9/2021 | Sold | $216,500$149/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,613 +3.9% | $237,000 +2.7% |
| 2024 | $1,552 +29.1% | $230,800 0% |
| 2023 | $1,202 +115.9% | $230,900 +8.4% |
| 2022 | $557 +210% | $213,000 +391.9% |
| 2021 | $180 +3856.8% | $43,300 +235.7% |
| 2020 | $5 +1.3% | $12,900 +4200% |
| 2019 | $4 -3.9% | $300 |
| 2018 | $5 -1.3% | $300 |
| 2017 | $5 -5.6% | $300 |
| 2016 | $5 | $300 +50% |
| 2014 | $5 | $200 |
| 2013 | $5 +66.7% | $200 |
| 2012 | $3 -3.2% | $200 |
| 2011 | $3 +115.3% | $200 +100% |
| 2010 | $1 +12.5% | $100 |
| 2009 | $1 | $100 |
Find assessor info on the county website
Neighborhood: 47143
Nearby schools
GreatSchools rating
- 6/10Henryville Elementary SchoolGrades: PK-6Distance: 3.3 mi
- 4/10Henryville Jr & Sr High SchoolGrades: 7-12Distance: 3.5 mi
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- Indiana
- Clark County
- Memphis
- 47143
- 5501 Village Lane
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