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5327 Milhouse Road

Indianapolis, IN 46221

2 beds
1 bath
960 sqft
6,316 sqft lot
$213 per sqft
1997 build

Charming 2-Bedroom Ranch in a Beautiful Suburban Setting! Welcome to this move-in ready, one-story ranch tucked in a peaceful and well-maintained neighborhood just outside Indianapolis. Offering 2 bedrooms and 1 full bath, this home is the perfect fit for first-time buyers, downsizers, or anyone seeking low-maintenance living in a convenient location. Step inside to find a spacious, open-concept living room and kitchen-ideal for entertaining or simply enjoying everyday life. The layout feels bright and airy, with plenty of room to gather or relax. The washer and dryer are included, adding extra convenience for the new owner. This home has been lovingly maintained and thoughtfully updated. The owner has recently replaced the water heater, water softener, outdoor spigot, and shower head, and has kept the furnace regularly serviced for peace of mind. Out back, you'll find a fully privacy-fenced backyard, perfect for pets, gardening, or relaxing in the fresh air. Whether you're hosting a summer cookout or enjoying your morning coffee, this outdoor space is ready for it all. The attached garage is clean and freshly painted, making it ideal as a workshop, hobby space, extra hangout area, or just a handsome place to store cars and tools, is a true luxury. The neighborhood features sidewalks, street lights, and a nearby community park, and is known for its pride of ownership and welcoming feel. With easy access to shops, dining, and commuter routes, this home offers suburban peace with city convenience. Don't miss your chance to make this charming home your own-schedule your showing today!

Listing courtesy of MIBOR / CENTURY 21 Scheetz

Last checked: Checking… • Last updated Jun 20, 2025 •

MLS# 22018034 —

The Building

Year Built:

1997
New Construction:

false
Construction Materials:

Vinyl With Brick
Architectural Style:

Ranch
Foundation Details:

Slab
Levels:

One
Basement:

false
Accessibility Features:

No
Green Certification:

No
Building Area Total:

960

Interior

Rooms:

4
Rooms Total:

4
Rooms Total:

4
Interior Features:

Breakfast Bar, Raised Ceiling(s), Hi-Speed Internet Availbl, Eat-in Kitchen
Kitchen Features:

Kitchen Some Updates
Eating Area:

Dining Combo/Kitchen

Room Dimensions

SqFt:

960
Main Level SqFt:

960
Living Area:

960

Location

Directions:

GPS Friendly
Latitude:

39.674001
Longitude:

-86.251055

The Property

View:

true
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Parcel Number:

491312103060000200
Acres:

<1/4 Acre
Lot Features:

Sidewalks, Street Lights, Suburb
Lot Size Acres:

0.15
Lot Size SqFt:

6,316 Sqft
Price Per Acre:

1366000
Additional Parcels:

false
View:

false
Waterfront:

false
Fencing:

Fence Full Rear, Privacy
Horse Amenities:

None
Fence:

Yes

Listing Agent

Contact info:

Taxes

Tax Lot:

Res one family platted lot-510
Tax Year:

2024
Tax Exemptions:

Homestead Tax Exemption
Semi Annual Property Tax Amt:

842

Beds

Beds:

2
Bedrooms:

2
Bedrooms Total:

2
Main Level Bedrooms:

2

Baths

Baths:

1
Full Baths:

1
Full Baths:

1
Full Baths Main:

1

Heating & Cooling

Heating:

Electric, Forced Air, Heat Pump

Utilities

Water Source:

Municipal/City
Solid Waste:

No

Appliances

Appliances:

Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator, Washer, Water Heater, Water Softener Owned

Schools

Elementary School:

Gold Academy
Middle Or Junior School:

Decatur Middle School
High School:

Decatur Central High School
High School District:

MSD Decatur Township

The Community

Subdivision Name:

River Run
Association Amenities:

Maintenance, Park, Playground, Snow Removal
Association Fee Frequency:

Annually
Association:

true
Association Fee:

220
Association Fee Includes:

Association Home Owners, Entrance Common, Maintenance, ParkPlayground, Snow Removal
Management Company Name:

Eagle Property Solutions
Ownership Interest Types:

Mandatory Fee

Parking

Parking Features:

Attached
Garage:

true
Garage Spaces:

2
Garage SqFt:

400

Monthly cost estimate

Asking price

$204,900

Expense	Monthly cost
Mortgage	$1,097
Taxes	$140
Insurance	$56
HOA fees	$18
Utilities	$99 See report
Total	$1,410/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
6/20/25 Jun 20, 2025	Listed / Active	MIBOR	$204,900	36.6% (9.1% / YR)
6/17/21 Jun 17, 2021		MIBOR	$150,000	7.2%
5/17/21 May 17, 2021		MIBOR	$139,900

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This house located in Valley Mills, Indianapolis, IN 46221 is currently for sale for $204,900. 5327 Milhouse Road is a 960 square foot house with 2 beds and 1 bath. 5327 Milhouse Road is in the Valley Mills neighborhood of Indianapolis and has a WalkScore® of 2, making it car-dependent. This house is in the attendance area of Decatur Central High School, Stephen Decatur Elementary School, and Decatur Middle School.

Listing Courtesy of: MIBOR and CENTURY 21 Scheetz.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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