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Special offer
$329,080

5540 Aspen Wood Ln, Indianapolis, IN 46239

2beds
1,495sqft
: 
Townhouse
Built in 2025
-- sqft lot
$323,000 Zestimate®
$220/sqft
$-- HOA

What's special

This home is based on the Bella Vista plan.
Welcome to 5540 Aspen Wood Lane, Indianapolis, Indiana — a stunning new construction home built by M/I Homes. This thoughtfully designed home offers 1,495 square foot of well-planned living space, featuring 2 bedrooms, 2 full bathrooms, and a convenient owner's bedroom located on the main level. Step inside to discover an open-concept living space that creates a seamless flow throughout the home, perfect for everyday living and entertaining. The quality of design is evident in every detail, from the carefully selected finishes to the functional floorplan that maximizes comfort and usability. This home features the following: 1,495 square foot of living space Owner's bedroom conveniently located on the main level 2 bedrooms and 2 full bathrooms Open-concept living space for seamless entertaining and daily living 2-car garage Situated in a welcoming neighborhood with easy access to nearby parks and green spaces, this peaceful setting is ideal for outdoor recreation and relaxation while still offering everyday comfort and convenience. This home reflects the attention to detail and quality construction that M/I Homes is known for. With its practical floorplan and desirable main-level owner's bedroom, this home delivers a comfortable living experience designed to suit a variety of lifestyles. Every element has been crafted with care, offering a space you can truly make your own through personalization and personal touches.
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Zillow last checked:

Listing updated:

Listed by:

M/I Homes

Source: M/I HomesMLS Logo
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Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
Interior area
  • Total interior livable area: 1,495 sqft
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Property

Parking
  • Total spaces: 2
  • Parking features: Garage
  • Garage spaces: 2
Features
  • Levels: 1.0
  • Stories: 1
Details
  • Parcel number: 491604110005086300

Construction

Type & style
  • Home type: Townhouse
  • Property subtype: Townhouse
Condition
  • New Construction,Under Construction
  • New construction: Yes
  • Year built: 2025
Details
  • Builder name: M/I Homes

Community & HOA

Community
  • Subdivision: Sagebrook West
Location
  • Region: Indianapolis

Financial & listing details

  • Price per square foot: $220/sqft
  • Tax assessed value: $800
  • Annual tax amount: $12
  • Date on market: 4/3/2026
10715 Mangrove Drive, Indianapolis, IN 46239
Hometown Heroes
We deeply appreciate our hometown heroes. Your dedication and tireless service make a difference every day. While we can never fully repay your commitment, we can make homeownership easier and more affordable for you.

Source: M/I Homes

18 homes in this community

Available homes

ListingPriceBed / bathStatus
Current home:
5540 Aspen Wood Ln
$329,0802 bed / 2 bathAvailable July 2026
10714 Mangrove Dr$259,9902 bed / 2 bathAvailable
10611 Mangrove Dr$264,9902 bed / 2 bathAvailable
10619 Mangrove Dr$264,9902 bed / 2 bathAvailable
5504 Aspen Wood Ln$289,9902 bed / 2 bathAvailable
10601 Mangrove Dr$294,9903 bed / 2 bathAvailable
10603 Mangrove Dr$304,9903 bed / 2 bathAvailable
5226 Jacaranda Dr$449,9903 bed / 2 bathAvailable
10543 Banyan Wood Ct$499,9905 bed / 4 bathAvailable
5228 Dragon Tree Ln$499,9905 bed / 3 bathAvailable
10608 Banyan Wood Ct$509,9905 bed / 3 bathAvailable
5232 Jacaranda Dr$529,9905 bed / 4 bathAvailable
5420 Aspen Wood Ln$529,9905 bed / 4 bathAvailable
5534 Aspen Wood Ln$332,4702 bed / 2 bathAvailable June 2026
5532 Aspen Wood Ln$340,9202 bed / 3 bathAvailable June 2026
5238 Jacaranda Dr$564,4905 bed / 4 bathAvailable June 2026
5538 Aspen Wood Ln$357,5102 bed / 3 bathAvailable July 2026
10609 Mangrove Dr$288,9902 bed / 3 bathPending

Source: M/I Homes

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Estimated market value

$323,000

$307,000 - $339,000

$1,864/mo

Price history

DateEventPrice
4/3/2026Listed for sale$329,080$220/sqft
Source: M/I Homes Report a problem

Public tax history

YearProperty taxesTax assessment
2024$12 $800 +60%
2023-- $500

Find assessor info on the county website

Hometown Heroes
We deeply appreciate our hometown heroes. Your dedication and tireless service make a difference every day. While we can never fully repay your commitment, we can make homeownership easier and more affordable for you.Source: M/I Homes

Neighborhood: New Bethel

Nearby schools

GreatSchools rating
Schools provided by the builder
  • District: Franklin Twp Community Schools

Source: M/I Homes. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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