Open House Sat, Aug 22nd 12:00 PM - 04:00 PM - Price Reduction - Views - New Construction
Address
5538 Aspen Wood Lane, Indianapolis, IN
Price
$ 314,990
Property Attributes
- MLS#22105706
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaFranklin
- NeighborhoodSagebrook West
- Zip46239
- Style
- Year Built2026
- Price$ 314,990
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1716
- Lot Size0.39 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
Welcome to 5538 Aspen Wood Lane in Indianapolis - a stunning new construction ranch villa home for sale. This thoughtfully designed villa home features 3 bedrooms, 2 full bathrooms, an electric fireplace in the gathering room, a veranda with 6' extension, a deluxe owner's bathroom, and more! This home showcases an open-concept living space that creates a seamless flow between the kitchen, dining, and living areas - perfect for everyday living and entertaining. Built with quality craftsmanship and attention to detail, this home's floorplan balances comfort and functionality throughout. The owner's bedroom is positioned near the back of the home, offering both easy accessibility and a private retreat within the home. The overall design reflects a commitment to quality, with clean lines, functional spaces, and finishes that elevate everyday living. Situated in a welcoming neighborhood with nearby parks, this home provides a wonderful setting for those who enjoy outdoor recreation and a sense of connection with nature. The quality of design is evident from the moment you step inside, making this home a standout choice for buyers seeking new construction!
| Middle School | High School |
|---|---|
| Franklin Central Junior High | Franklin Central High School |
| Price History | |
|---|---|
| 6/2/2026 | Listed $357,510 |
| 6/10/2026 | 6$337,990 |
| 7/30/2026 | 6$319,990 |
| 8/10/2026 | 2$314,990 |
General Features
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Utilities | Cable Available,Electricity Connected,Natural Gas Available,Sewer Connected,Water Connected |
| Possession | Closing |
| Appliances | Dishwasher,Electric Water Heater,Disposal,Microwave,Gas Oven |
| HOA Fee | 155 |
| Garage Spaces | 2 |
| Association Fee Includes | Association Home Owners |
| Patio/Porch Features | Covered |
| Architectural Style | Other |
| Security Features | Smoke Detector(s) |
| Construction Materials | Cement Siding,Stone |
| Year Built | 2026 |
| View | Trees/Woods |
| Township | Franklin |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Assoc Fee Paid Per | Monthly |
| County | Marion |
| New Construction | Yes |
| Property Type | Residential |
| Association Amenities | Maintenance,Playground,Pool,Trail(s) |
| HOA | Yes |
| Subdivision Name | Sagebrook West |
| Facing Direction | Northeast |
| Garage Y/N | Yes |
| Total Rooms | 7 |
| Full Baths | 2 |
| Status | Active |
| Directions | GPS Friendly |
| High School | Franklin Central High School |
| City | Indianapolis |
| High School District | Franklin Township Com Sch Corp |
| MLS Area | 4906 - Marion - Franklin |
| Lot Size Square Feet | 17081 |
| Property Attached Y/N | Yes |
| Middle/Junior High School | Franklin Central Junior High |
| Property Condition | New Construction,Under Construction |
| Builder Name | M/I Homes |
| Standard Status | Active |
| Tax Lot | 83B |
| Legal Description | SAGEBROOK WEST SEC 2 L83B |
Interior Features
| Interior Amenities | Attic Access,Bath Sinks Double Main,Kitchen Island,Pantry,Smart Thermostat,Walk-In Closet(s) |
|---|---|
| Total Fireplaces | 1 |
| Fireplace Features | Electric,Family Room |
| Basement (Y/N) | No |
| Laundry Features | Laundry Room,Main Level |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 3 |
| LivingAreaSource | Builder |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Lighting |
|---|---|
| Parking Features | Attached,Garage Door Opener |
| Lot Features | Irregular Lot,Sidewalks |
| Water Source | Public |
| Foundation Details | Slab |
| Building Area Total | 1716 |
| Lot Size Acres | 0.39 |
| Waterfront Y/N | No |
| Other Equipment | None |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46239
Price
Year Built
Visits
In The Neighborhood
Open House
Indianapolis
$ 304,990
- Type
- Single Family
Listed by Jennifer Mencias of M/I Homes of Indiana, L.P.
Open House
Indianapolis
$ 294,990
- Type
- Single Family
Listed by Jennifer Mencias of M/I Homes of Indiana, L.P.
Open House
Indianapolis
$ 519,990
- Type
- Single Family
Listed by Jennifer Mencias of M/I Homes of Indiana, L.P.
Open House
Indianapolis
$ 434,990
- Type
- Single Family
Listed by Jennifer Mencias of M/I Homes of Indiana, L.P.
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Metropolitan Indianapolis may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: August 19, 2026 6:28 PM UTC
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on August 19, 2026 6:40 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
