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Active
    • $270,000

    5551 Meadowood Dr, Indianapolis, IN 46224

    3beds
    2,470sqft
    : 
    $1,818/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1957
    9,147 Square Feet Lot
    $264,900 Zestimate®
    $109/sqft
    $-- HOA

    What's special

    Brick ranch homeDetached one car garagePlenty of extra storageLaundry room
    Tucked into the established Meadowood neighborhood in Speedway, this brick ranch home offers 2470 square feet of living space in an inviting single level with basement layout. The home features 3 bedrooms and 1.5 bathrooms, with hardwood flooring in all three main level bedrooms and laminate flooring throughout the living room, dining room, and family room. The family room is anchored by a cozy wood burning fireplace, creating a warm gathering space, while the eat in kitchen and combined dining area make everyday living easy and comfortable. Downstairs, the partially finished basement, including an additional room with a walk in closet can be used as a 4th bedroom, a laundry room, and plenty of extra storage. Outside you will find a fenced yard on a 0.21 acre lot with an open patio, ideal for relaxing or entertaining, plus a detached one car garage. The home is equipped with forced air heating and central electric cooling, and is zoned to the Speedway School District, including Speedway Junior High School and Speedway Senior High School. With classic character and a comfortable layout, this home is a great opportunity in a well established Meadowood location.
    10 days
    |
    584
    |
    38
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Basim Najeeb 317-657-2442,

    Keller Williams Indy Metro Partners

    Source: MIBOR as distributed by MLS GRID,MLS#: 22115131MLS Logo

      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: 121 Square Feet
      • Dimensions: 11x11
      Bedroom 2
      • Level: Main
      • Area: 100 Square Feet
      • Dimensions: 10x10
      Bedroom 3
      • Level: Main
      • Area: 88 Square Feet
      • Dimensions: 11x8
      Dining room
      • Level: Main
      • Area: 80 Square Feet
      • Dimensions: 10x8
      Family room
      • Level: Main
      • Area: 285 Square Feet
      • Dimensions: 19x15
      Kitchen
      • Level: Main
      • Area: 48 Square Feet
      • Dimensions: 8x6
      Living room
      • Level: Main
      • Area: 224 Square Feet
      • Dimensions: 16x14
      Heating
      • Forced Air, Baseboard
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Electric Oven, Refrigerator, Washer, Water Heater, Water Softener Owned, Microwave, Electric Cooktop, Range Hood
      • Laundry: Sink, In Basement
      Features
      • Eat-in Kitchen, Breakfast Bar, Walk-In Closet(s)
      • Basement: Partially Finished
      • Number of fireplaces: 1
      • Fireplace features: Family Room
      Interior area
      • Total structure area: 2,470
      • Total interior livable area: 2,470 sqft
      • Finished area below ground: 554

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached
      • Garage spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Patio
      • Fencing: Fenced,Gate
      Lot
      • Size: 9,147 Square Feet
      Details
      • Parcel number: 490525106009000914
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Residential, Single Family Residence
      Materials
      • Brick
      • Foundation: Concrete Perimeter
      Condition
      • New construction: No
      • Year built: 1957

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Subdivision: Meadowood
      HOA
      • Has HOA: No
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $109/sqft
      • Tax assessed value: $241,600
      • Annual tax amount: $2,782
      • Date on market: 7/21/2026
      • Cumulative days on market: 132 days

        Estimated market value

        $264,900

        $252,000 - $278,000

        $1,887/mo

        Price history

        DateEventPrice
        7/21/2026Listed for sale$270,000-3.5%$109/sqft
        Source: MIBOR as distributed by MLS GRID #22115131 Report a problem
        5/9/2026Listing removed$279,900$113/sqft
        Source: MIBOR as distributed by MLS GRID #22079262 Report a problem
        3/19/2026Price change$279,900-3.4%$113/sqft
        Source: MIBOR as distributed by MLS GRID #22079262 Report a problem
        2/27/2026Price change$289,900-1.7%$117/sqft
        Source: MIBOR as distributed by MLS GRID #22079262 Report a problem
        1/9/2026Listed for sale$295,000+18%$119/sqft
        Source: MIBOR as distributed by MLS GRID #22079262 Report a problem
        5/1/2024Sold$250,000$101/sqft
        Source: MIBOR as distributed by MLS GRID #21970652 Report a problem
        3/29/2024Pending sale$250,000$101/sqft
        Source: MIBOR as distributed by MLS GRID #21970652 Report a problem
        3/28/2024Listed for sale$250,000$101/sqft
        Source: MIBOR as distributed by MLS GRID #21970652 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,916 +4.3%$241,600 +4.5%
        2024$2,795 +6.4%$231,200 +3%
        2023$2,626 +31.9%$224,400 +7.8%
        2022$1,991 +16.3%$208,100 +29.4%
        2021$1,713 +1%$160,800 +13.8%
        2020$1,695 +9.2%$141,300
        2019$1,553 +10%$141,300 +7.4%
        2018$1,411 +1.5%$131,600 +3.4%
        2017$1,390 +0.3%$127,300 +2.2%
        2016$1,386 +2.5%$124,600 +1.3%
        2014$1,353 +1%$123,000 +3%
        2013$1,339 $119,400 -2.6%
        2012$1,339 $122,600 -0.2%
        2011-- $122,900 -0.6%
        2010$1,180 +32.1%$123,700 +1.3%
        2009$893 $122,100 -6.1%
        2007-- $130,100 +0.6%
        2006-- $129,300 +25.7%
        2005-- $102,900
        2004-- $102,900
        2003-- $102,900 +84.1%
        2002-- $55,900 +199.9%
        2001-- $18,640
        2000-- $18,640
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 46224

        Getting around

        48 / 100
        Car-Dependent
        31 / 100
        Some Transit
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Speedway Junior High School
        • High: Speedway Senior 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.

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