5538 Aspen Wood Lane

Indianapolis, IN
$ 294,990 Beds 3 Baths 2 Sq 1,716
Monthly Estimate* How much can I afford?

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!

Active

  • Price
  • $ 294,990
  • City
  • Indianapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Franklin
  • Lot Size
  • 0.39 Acres
  • Zip
  • 46239
  • Sqr Footage
  • 1,716
  • Year Built
  • 2026
  • Style
  • MLS#
  • 22105706
Listed By: Jennifer Mencias with M/I Homes of Indiana, L.P.;
Data Source: MIBOR Broker Listing Cooperative

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Greenwood, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Franklin Central Junior High
High School 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
9/15/2026 2% - $309,990
9/22/2026 2% - $304,990
9/25/2026 4% - $294,990

Property vs Zip Code Average in 46239

Price
AVG $350K
$290K
Year Built
AVG 2010
2026
Visits
AVG 84
147
Data Provided by Inside Real Estate®

5538 Aspen Wood Lane Indianapolis, IN is a Single Family Home for sale at $294990 with 1716 sqft and a lot size of 0.39 Acres Acre(s). 5538 Aspen Wood Lane Indianapolis has 3 bedrooms, 2 baths and was built in 2026. The property's zip code is 46239 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.