Welcome to Lippan Way - where comfort meets convenience and the updates are already done for you. This charming 3-bedroom, 2.5-bath Traditional American two-story checks all the boxes-and then some. Need space? You've got it, with a roomy loft perfect for movie nights, game days, or that home office you keep saying you'll set up. Step inside and notice the love this home's received over the years: A new roof in 2017 (because surprises are great, but not on your ceiling) New windows and a sliding patio door in 2018 for energy efficiency and effortless backyard BBQ access A water softener (2022)-your appliances (and your hair) will thank you A gorgeous new deck (2024) ready for summer lounging And just installed bath exhaust fans (2025)-because fresh air matters The fenced backyard is perfect for pets, playtime, or pretending you're good at gardening. Located in a friendly neighborhood with easy access to shopping, dining, and all things Indy, this one is as move-in ready as it gets. Come see it before someone else does!
Sold
$258,000
5541 Lippan Way, Indianapolis, IN 46221
3beds
1,700sqft
Residential, Single Family Residence
Built in 1997
7,840.8 Square Feet Lot
$263,600 Zestimate®
$152/sqft
$1,806 Estimated rent
Home value
$263,600
$243,000 - $285,000
$1,806/mo
Zestimate® history
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$1,806/mo
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$1,297/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: August 27, 2025 at 03:08pm
Listing Provided by:
Gregory Mayo 317-370-2847,
Highgarden Real Estate
Bought with:
Amy Evans
Carpenter, REALTORS®
Reba Evans
Carpenter, REALTORS®
Source: MIBOR as distributed by MLS GRID,MLS#: 22048205
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 240 Square Feet
- Dimensions: 16x15
Bedroom 2
- Level: Upper
- Area: 100 Square Feet
- Dimensions: 10x10
Bedroom 3
- Level: Upper
- Area: 108 Square Feet
- Dimensions: 12x9
Dining room
- Features: Tile-Ceramic
- Level: Main
- Area: 80 Square Feet
- Dimensions: 8x10
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14x13
Laundry
- Level: Main
- Area: 42 Square Feet
- Dimensions: 7x6
Living room
- Level: Main
- Area: 240 Square Feet
- Dimensions: 16x15
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Electric Oven, Refrigerator, Water Softener Owned
- Laundry: Main Level
Features
- Vaulted Ceiling(s), Walk-In Closet(s)
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 1,700
- Total interior livable area: 1,700 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,840 sqft
Details
- Additional structures: Storage
- Parcel number: 491312110023000200
- Special conditions: None,As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Slab
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Valley Mills
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2025 | Sold | $258,000-0.7%$152/sqft |
Source:  MIBOR as distributed by MLS GRID #22048205 Report a problem | ||
| 7/22/2025 | Pending sale | $259,900$153/sqft |
Source: MIBOR as distributed by MLS GRID #22048205 Report a problem | ||
| 7/18/2025 | Listed for sale | $259,900$153/sqft |
Source: MIBOR as distributed by MLS GRID #22048205 Report a problem | ||
| 7/11/2025 | Pending sale | $259,900$153/sqft |
Source: MIBOR as distributed by MLS GRID #22048205 Report a problem | ||
| 7/1/2025 | Listed for sale | $259,900+79.4%$153/sqft |
Source: MIBOR as distributed by MLS GRID #22048205 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,461 +9.9% | $250,700 +13.3% |
| 2023 | $2,239 +6.8% | $221,300 +10.6% |
| 2022 | $2,096 +10.7% | $200,100 +8.9% |
Find assessor info on the county website
Neighborhood: Valley Mills
Nearby schools
GreatSchools rating
- 4/10Gold AcademyGrades: K-6Distance: 1.3 mi
- 4/10Decatur Middle SchoolGrades: 7-8Distance: 1.9 mi
- 3/10Decatur Central High SchoolGrades: 9-12Distance: 1.8 mi
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Estimated market value
$263,600
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
$263,600
- Indiana
- Marion County
- Indianapolis
- 46221
- Valley Mills
- 5541 Lippan Way