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Special offer
$289,990

5504 Aspen Wood Ln, Indianapolis, IN 46239

2beds
1,495sqft
: 
Townhouse
Built in 2025
-- sqft lot
$286,000 Zestimate®
$194/sqft
$-- HOA

What's special

Open-concept living spaceBright and welcoming atmosphereExtended veranda
This home is based on the Bella Vista plan.
Welcome to 5504 Aspen Wood Lane, Indianapolis, Indiana — a beautifully designed new construction villa home built by M/I Homes. This 1,495-square-foot home offers an open-concept living space that seamlessly connects key living areas, making it ideal for both everyday living and entertaining. Key Features: 2 bedrooms, 2 bathrooms 1,495 square feet of living space An electric fireplace in the gathering room An extended veranda A 2-car garage Quality design and construction throughout This villa home showcases the attention to detail and quality of design that M/I Homes is known for. From the well-planned layout to the carefully selected finishes, every element has been built with care and precision. The open-concept living space creates a bright and welcoming atmosphere, allowing natural light to flow throughout the main living areas. Situated in a welcoming neighborhood with convenient proximity to parks, this home offers an excellent setting for those who enjoy outdoor recreation and a connected community feel. The quality of design in both the interior and exterior reflects thoughtful craftsmanship that is built to last. Contact our team to learn more about 5504 Aspen Wood Lane or to schedule your in-person visit!
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Zillow last checked: April 02, 2026 at 09:25pm

Listing updated: April 02, 2026 at 09:25pm

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
Video & virtual tour

Property

Parking
  • Total spaces: 2
  • Parking features: Garage
  • Garage spaces: 2
Features
  • Levels: 1.0
  • Stories: 1
Details
  • Parcel number: 491604110005098300

Construction

Type & style
  • Home type: Townhouse
  • Property subtype: Townhouse
Condition
  • New 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: $194/sqft
  • Tax assessed value: $300
  • Annual tax amount: $5
  • Date on market: 3/25/2026
10715 Mangrove Drive, Indianapolis, IN 46239
Good Friends Make Great Neighbors
Do you love your M/I Home? Share the experience with friends and family - invite them to become your neighbors and enjoy a special "thank you" from us when they purchase.

Source: M/I Homes

20 homes in this community

Available homes

ListingPriceBed / bathStatus
Current home:
5504 Aspen Wood Ln
$289,9902 bed / 2 bathMove-in ready
10714 Mangrove Dr$259,9902 bed / 2 bathAvailable
10611 Mangrove Dr$264,9902 bed / 2 bathAvailable
10619 Mangrove Dr$264,9902 bed / 2 bathAvailable
10623 Mangrove Dr$279,9903 bed / 2 bathAvailable
10609 Mangrove Dr$288,9902 bed / 3 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
5420 Aspen Wood Ln$529,9905 bed / 4 bathAvailable
5232 Jacaranda Dr$529,9905 bed / 4 bathAvailable April 2026
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
5540 Aspen Wood Ln$329,0802 bed / 2 bathAvailable July 2026
5538 Aspen Wood Ln$357,5102 bed / 3 bathAvailable July 2026
10626 Banyan Wood Ct$529,9905 bed / 4 bathPending

Source: M/I Homes

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Estimated market value

$286,000

$272,000 - $300,000

$1,702/mo

Price history

DateEventPrice
4/3/2026Price change$289,990-2.7%$194/sqft
Source: M/I Homes Report a problem
3/22/2026Listed for sale$297,990$199/sqft
Source: M/I Homes Report a problem

Public tax history

YearProperty taxesTax assessment
2024$5 $300 +50%
2023-- $200

Find assessor info on the county website

Good Friends Make Great Neighbors
Do you love your M/I Home? Share the experience with friends and family - invite them to become your neighbors and enjoy a special "thank you" from us when they purchase.Source: M/I Homes

BuyAbility℠ payment

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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