Discover this stunning new construction villa home for sale in Franklin Township. This thoughtfully designed home offers exceptional comfort and functionality for your lifestyle. Key features include 3 bedrooms, 2 bathrooms, an open-concept living space, an electric fireplace, a 6' veranda extension, a 2-car garage, and more! The home's floorplan maximizes space and flow, creating an inviting atmosphere from the moment you enter. The open-concept design seamlessly connects the main living areas, making it ideal for both relaxation and hosting guests. The owner's suite features a deluxe owner's bath upgrade and a walk-in closet. The additional bedrooms provide flexibility for family, guests, or home office space. The 2 full bathrooms are strategically placed to serve the home's layout efficiently. This home is situated in a desirable Indianapolis neighborhood known for its quality of design and family-friendly atmosphere. The area offers excellent proximity to parks, providing convenient access to outdoor recreation and green spaces for active lifestyles. Experience the benefits of new construction living in this well-designed Indianapolis villa home, where modern convenience meets comfortable living!
Pending
Price increase: $11K (4/2)
$305,990
5526 Aspen Wood Ln, Indianapolis, IN 46239
3beds
1,716sqft
Est.:
Residential, Single Family Residence
Built in 2025
6,534 Square Feet Lot
$-- Zestimate®
$178/sqft
$155/mo HOA
What's special
Electric fireplaceOpen-concept living spaceAdditional bedroomsWalk-in closet
- 184 days |
- 212 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: April 02, 2026 at 07:25am
Listing Provided by:
Jennifer Mencias 630-800-8371,
M/I Homes of Indiana, L.P.
Source: MIBOR as distributed by MLS GRID,MLS#: 22066066
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 216 Square Feet
- Dimensions: 12 x 18
Bedroom 2
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10 x 11
Bedroom 3
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10 x 11
Breakfast room
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11 x 12
Family room
- Level: Main
- Area: 285 Square Feet
- Dimensions: 15 x 19
Kitchen
- Level: Main
- Area: 144 Square Feet
- Dimensions: 9 x 16
Laundry
- Level: Main
- Area: 56 Square Feet
- Dimensions: 7 x 8
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Gas Oven
- Laundry: Laundry Room, Main Level
Features
- Attic Access, Double Vanity, Breakfast Bar, Kitchen Island, Pantry, Smart Thermostat, Walk-In Closet(s)
- Has basement: No
- Attic: Access Only
- Number of fireplaces: 1
- Fireplace features: Electric, Family Room
Interior area
- Total structure area: 1,716
- Total interior livable area: 1,716 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Garage Parking Other(Garage Door Opener)
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Lighting
Lot
- Size: 6,534 Square Feet
- Features: Sidewalks
Details
- Parcel number: 491604110005091300
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
- Attached to another structure: Yes
Materials
- Other
- Foundation: Slab
Condition
- New Construction,Under Construction
- New construction: Yes
- Year built: 2025
Details
- Builder name: M/I Homes
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Low Maintenance Lifestyle, Playground, Sidewalks
- Security: Smoke Detector(s)
- Subdivision: Sagebrook West
HOA
- Has HOA: Yes
- Amenities included: Maintenance, Playground, Pool, Trail(s)
- Services included: Association Home Owners
- HOA fee: $155 monthly
- HOA phone: 317-253-1401
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $178/sqft
- Tax assessed value: $300
- Annual tax amount: $5
- Date on market: 10/1/2025
- Cumulative days on market: 184 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Pending sale | $305,990+3.7%$178/sqft |
Source: | ||
| 4/1/2026 | Price change | $294,990-3.6%$172/sqft |
Source: | ||
| 3/12/2026 | Price change | $305,990-1%$178/sqft |
Source: | ||
| 2/6/2026 | Price change | $308,990-1%$180/sqft |
Source: | ||
| 1/28/2026 | Price change | $311,990-0.3%$182/sqft |
Source: | ||
| 10/22/2025 | Price change | $312,990-7.9%$182/sqft |
Source: | ||
| 9/25/2025 | Price change | $339,990-2.9%$198/sqft |
Source: | ||
| 7/1/2025 | Listed for sale | $350,240$204/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5 | $300 +50% |
| 2023 | -- | $200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,978/mo
Principal & interest
$1578
Property taxes
$245
HOA Fees
$155
More affordability tools
Climate risks
Neighborhood: New Bethel
Nearby schools
GreatSchools rating
- 6/10Lillie Idella Kitley Intermediate SchoolGrades: 4-6Distance: 2.1 mi
- 7/10Franklin Central Junior HighGrades: 7-8Distance: 0.9 mi
- 9/10Franklin Central High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Middle: Franklin Central Junior High
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 46239
- Indiana
- Marion County
- Indianapolis
- 46239
- New Bethel
- 5526 Aspen Wood Ln





