Active

Price cut: $5K (6/22)

$240,000

5535 S State Ave, Indianapolis, IN 46227

2beds

1,196sqft

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Residential, Single Family Residence

Built in 1926

0.51 Acres Lot

$237,300 Zestimate^®

$201/sqft

$-- HOA

What's special

Multiple parking areasNewer kitchen appliancesInterior paintVinyl plank flooring throughout

Private corner lot property on .51 acres with a 2car attached garage and 2car detached garage. Living room with bay window, eat-in-kitchen with granite countertops & tile backsplash. Large primary bedroom with walk-in shower including 4 shower heads. Wood privacy deck with built-in hot tub & additional concrete patio. Updates include: Roof 2024, Water heater 2024, Newer kitchen appliances, interior paint, & vinyl plank flooring throughout. Multiple parking areas and open space to enjoy the outdoors.

83 days

828

105

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Facts & features

Interior

Bedrooms & bathrooms

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

Primary bedroom

Level: Main
Area: 260 Square Feet
Dimensions: 20x13

Bedroom 2

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

Dining room

Level: Main
Area: 110 Square Feet
Dimensions: 11x10

Kitchen

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

Living room

Level: Main
Area: 238 Square Feet
Dimensions: 17x14

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Gas Water Heater, Microwave, Electric Oven, Refrigerator

Features

Attic Pull Down Stairs
Has basement: No
Attic: Pull Down Stairs
Number of fireplaces: 1
Fireplace features: Living Room

Interior area

Total structure area: 1,196
Total interior livable area: 1,196 sqft

Property

Parking

Total spaces: 4
Parking features: Attached, Concrete, Detached
Attached garage spaces: 4
Details: Garage Parking Other(Garage Door Opener, Service Door)

Features

Levels: One
Stories: 1
Patio & porch: Covered, Deck

Lot

Size: 0.51 Acres
Features: Corner Lot, Mature Trees

Details

Additional structures: Storage
Parcel number: 491506124041000500
Special conditions: As Is
Horse amenities: None

Construction

Type & style

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

Materials

Brick, Vinyl Siding
Foundation: Crawl Space

Condition

New construction: No
Year built: 1926

Utilities & green energy

Water: Private

Community & HOA

Community

Subdivision: Elders Edgewood

HOA

Has HOA: No

Location

Region: Indianapolis

Financial & listing details

Price per square foot: $201/sqft
Tax assessed value: $261,300
Annual tax amount: $2,890
Date on market: 4/17/2026
Cumulative days on market: 73 days

Estimated market value

$237,300

$225,000 - $249,000

$1,459/mo

Price history

Date	Event	Price
6/22/2026	Price change	$240,000-2%$201/sqft
Source: MIBOR as distributed by MLS GRID #22095421 Report a problem
6/5/2026	Price change	$245,000-5.8%$205/sqft
Source: MIBOR as distributed by MLS GRID #22095421 Report a problem
5/28/2026	Pending sale	$260,000$217/sqft
Source: MIBOR as distributed by MLS GRID #22095421 Report a problem
5/4/2026	Price change	$260,000-1.9%$217/sqft
Source: MIBOR as distributed by MLS GRID #22095421 Report a problem
4/29/2026	Listed for sale	$265,000$222/sqft
Source: MIBOR as distributed by MLS GRID #22095421 Report a problem
4/28/2026	Pending sale	$265,000$222/sqft
Source: MIBOR as distributed by MLS GRID #22095421 Report a problem
4/17/2026	Listed for sale	$265,000+32.5%$222/sqft
Source: MIBOR as distributed by MLS GRID #22095421 Report a problem
7/14/2021	Sold	$200,000+0%$167/sqft
Source: Public Record Report a problem
6/8/2021	Pending sale	$199,999$167/sqft
Source: MIBOR as distributed by MLS GRID #21789353 Report a problem
6/3/2021	Price change	$199,999-0.5%$167/sqft
Source: MIBOR as distributed by MLS GRID #21789353 Report a problem
5/12/2021	Listed for sale	$201,000$168/sqft
Source: Owner Report a problem
4/7/2021	Pending sale	$201,000$168/sqft
Source: Owner Report a problem
3/27/2021	Listed for sale	$201,000+151.6%$168/sqft
Source: Owner Report a problem
7/18/2002	Sold	$79,900$67/sqft
Source: MIBOR as distributed by MLS GRID #2229279 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,889 -14.4%	$261,300 +15%
2024	$3,375 +8.1%	$227,300 -4.5%
2023	$3,122 +86.3%	$237,900 +10.1%
2022	$1,676 +10.4%	$216,100 +75.3%
2021	$1,518 +8.8%	$123,300 +6.8%
2020	$1,395 +15.1%	$115,400 +5.4%
2019	$1,211 +1.5%	$109,500 +9.4%
2018	$1,193 -4.6%	$100,100 +2.6%
2017	$1,250 +14%	$97,600 +2.3%
2016	$1,097 +10.2%	$95,400 +2.4%
2014	$996 -2.7%	$93,200
2013	$1,023	$93,200 +0.5%
2012	$1,023	$92,700 -4.8%
2011	--	$97,400
2010	$979 +24.3%	$97,400
2009	$787	$97,400 -5.6%
2007	--	$103,200 +9.2%
2006	--	$94,500 +16.4%
2005	--	$81,200
2004	--	$81,200
2003	--	$81,200 +128.7%
2002	--	$35,500 +199.8%
2001	--	$11,840
2000	--	$11,840

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