Affordable opportunity in Heron Lake! 3BR 2BA condo on lower walk out level has great views of the lake! Brand new beautiful and neutral carpet throughout has just been installed! This cozy home has the potential for a warm & welcoming cool retro feel with a little bit of updating. There are 3 ample size bedrooms, 2 full baths, and plenty of storage including a private storage closet just outside in the hallway. The on site laundry room is just outside of the unit and this is a ground level unit. Homeowners enjoy the use of docks available to launch non-motorized boats/kayaks & swimming. Water, sewer, trash, and insurance of common area is included in the monthly HOA fee. Conveniently located just minutes from Broad Ripple, Castleton, Ft. Harrison State Park, shopping, dining, and I70 & I465.
Sold
$124,900
5038 Allisonville Rd Unit A, Indianapolis, IN 46205
3beds
1,400sqft
Residential, Condominium
Built in 1965
-- sqft lot
$128,200 Zestimate®
$89/sqft
$1,559 Estimated rent
Home value
$128,200
$118,000 - $140,000
$1,559/mo
Zestimate® history
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$1,073/mo
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Zillow last checked: 7 hours ago
Listing updated: August 26, 2025 at 07:06pm
Listing Provided by:
Vickie Jordan 317-319-8004,
Home Bound Real Estate LLC
Bought with:
Eric Middleton
Middland Real Estate, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22016817
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: 228 Square Feet
- Dimensions: 19x12
Bedroom 2
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Bedroom 3
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Dining room
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16x13
Kitchen
- Level: Main
- Area: 91 Square Feet
- Dimensions: 7x13
Living room
- Level: Main
- Area: 260 Square Feet
- Dimensions: 20x13
Heating
- Radiant Ceiling
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven
- Laundry: Common Laundry
Features
- Has basement: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,400
- Total interior livable area: 1,400 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Levels: One
- Stories: 1
- Entry location: Ground Level
- Patio & porch: Glass Enclosed
Lot
- Size: 4,356 sqft
Details
- Parcel number: 490708104060000800
- Special conditions: Needs Updating
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Residential, Condominium
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Slab
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Lake
Location
- Region: Indianapolis
- Subdivision: Heron Lake
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $445 monthly
- Amenities included: Clubhouse, Insurance, Maintenance Grounds, Maintenance, Management, Snow Removal, Trash
- Services included: Entrance Common, Insurance, Lawncare, Maintenance Grounds, Maintenance Structure, Maintenance, Management, Snow Removal, Trash, See Remarks
- Association phone: 317-570-4358
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $124,900$89/sqft |
Source:  MIBOR as distributed by MLS GRID #22016817 Report a problem | ||
| 3/27/2025 | Pending sale | $124,900$89/sqft |
Source: MIBOR as distributed by MLS GRID #22016817 Report a problem | ||
| 3/21/2025 | Price change | $124,900-1.6%$89/sqft |
Source: MIBOR as distributed by MLS GRID #22016817 Report a problem | ||
| 1/25/2025 | Price change | $126,900+1.6%$91/sqft |
Source: MIBOR as distributed by MLS GRID #22016817 Report a problem | ||
| 1/8/2025 | Listed for sale | $124,900$89/sqft |
Source: MIBOR as distributed by MLS GRID #22016817 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $683 +359.7% | $116,900 -0.1% |
| 2023 | $149 +5.7% | $117,000 +45.9% |
| 2022 | $141 +56.2% | $80,200 +1.1% |
Find assessor info on the county website
Neighborhood: Millersville
Nearby schools
GreatSchools rating
- 6/10Clearwater Elementary SchoolGrades: K-5Distance: 3.5 mi
- 5/10Eastwood Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10North Central High SchoolGrades: 9-12Distance: 4.5 mi
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Estimated market value
$128,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$128,200
- Indiana
- Marion County
- Indianapolis
- 46205
- Millersville
- 5038 Allisonville Rd Unit A