Ready now! 5420 Aspen Wood Lane in Indianapolis offers an expansive two-story layout with five bedrooms, three and a half bathrooms, and a spacious 3-car garage-designed to support both everyday living and entertaining. The first floor welcomes you with a bright, open-concept design anchored by a large gathering room featuring a fireplace, creating a warm focal point for relaxing or hosting guests. The adjacent kitchen includes a generous island, pantry storage, and a dining nook that flows seamlessly into the morning room, filling the space with natural light. A private study near the front of the home provides a quiet place to work or unwind, while the main-level in-law suite with a full bath offers flexibility for guests or multi-generational living. Upstairs, the owner's suite serves as a true retreat, complete with a spacious bedroom, a well-appointed en-suite bath, and a large walk-in closet. Three additional bedrooms are thoughtfully arranged around a central loft, each featuring its own walk-in closet for ample storage. A conveniently located second-floor laundry room adds everyday ease to this well-planned layout. With generous living spaces, flexible room options, and a desirable Indianapolis location, 5420 Aspen Wood Lane delivers comfort, functionality, and modern design in one exceptional home!
Active
Special offer
$529,990
5420 Aspen Wood Ln, Indianapolis, IN 46239
5beds
3,313sqft
Est.:
Residential, Single Family Residence
Built in 2026
8,712 Square Feet Lot
$-- Zestimate®
$160/sqft
$113/mo HOA
What's special
Five bedroomsWell-appointed en-suite bathBright open-concept designExpansive two-story layoutGenerous living spacesPrivate studyFlexible room options
- 49 days |
- 284 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: 22 hours ago
Listing Provided by:
Jennifer Mencias 630-800-8371,
M/I Homes of Indiana, L.P.
Source: MIBOR as distributed by MLS GRID,MLS#: 22083797
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Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
- Area: 272 Square Feet
- Dimensions: 16 x 17
Bedroom 2
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 10 x 12
Bedroom 3
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom 4
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom 5
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Breakfast room
- Level: Main
- Area: 108 Square Feet
- Dimensions: 12 x 9
Family room
- Level: Main
- Area: 323 Square Feet
- Dimensions: 19 x 17
Kitchen
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12 x 14
Laundry
- Level: Upper
- Area: 49 Square Feet
- Dimensions: 7 x 7
Office
- Level: Main
- Area: 154 Square Feet
- Dimensions: 11 x 14
Sitting room
- Level: Main
- Area: 160 Square Feet
- Dimensions: 16 x 10
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Disposal, Microwave, Gas Oven
- Laundry: Laundry Room, Upper 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: Family Room
Interior area
- Total structure area: 3,313
- Total interior livable area: 3,313 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Garage Door Opener
- Attached garage spaces: 3
- Details: Garage Parking Other(Garage Door Opener)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio
- Exterior features: Lighting
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 8,712 Square Feet
- Features: Sidewalks
Details
- Parcel number: 491604110005104300
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Cement Siding
- Foundation: Slab
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Details
- Builder name: M/I Homes
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Sagebrook West
HOA
- Has HOA: Yes
- Amenities included: Playground, Pool, Trail(s)
- Services included: Association Home Owners
- HOA fee: $680 semi-annually
- HOA phone: 317-253-1401
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $160/sqft
- Tax assessed value: $500
- Annual tax amount: $7
- Date on market: 2/12/2026
- Cumulative days on market: 51 days
- Electric utility on property: Yes
About the community
PlaygroundTrails
Sagebrook West in southeast Indianapolis offers new single-family homes and low-maintenance ranch villas in a peaceful Franklin Township setting. Surrounded by wooded and pond-view homesites, the community provides a quiet atmosphere with quick access to major routes and Downtown Indianapolis.Homes feature thoughtful, modern designs suited for a range of lifestyles, from spacious two-story plans to easy-living villas with outdoor spaces and included exterior maintenance. Walking trails, a playground, pond views, and a picnic shelter create inviting places to relax and connect close to home.Located within the Franklin Township Community School Corporation, the neighborhood offers families access to highly regarded schools. With nearby parks, golf, dining, and entertainment, Sagebrook West blends natural beauty, convenience, and a comfortable everyday lifestyle.
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
19 homes in this community
Available homes
| Listing | Price | Bed / bath | Status |
|---|---|---|---|
Current home: 5420 Aspen Wood Ln | $529,990 | 5 bed / 4 bath | Available |
| 5504 Aspen Wood Ln | $289,990 | 2 bed / 2 bath | Move-in ready |
| 10714 Mangrove Dr | $259,990 | 2 bed / 2 bath | Available |
| 10611 Mangrove Dr | $264,990 | 2 bed / 2 bath | Available |
| 10619 Mangrove Dr | $264,990 | 2 bed / 2 bath | Available |
| 10623 Mangrove Dr | $279,990 | 3 bed / 2 bath | Available |
| 10609 Mangrove Dr | $288,990 | 2 bed / 3 bath | Available |
| 10617 Mangrove Dr | $288,990 | 3 bed / 2 bath | Available |
| 10601 Mangrove Dr | $294,990 | 3 bed / 2 bath | Available |
| 10603 Mangrove Dr | $304,990 | 3 bed / 2 bath | Available |
| 5226 Jacaranda Dr | $449,990 | 3 bed / 2 bath | Available |
| 10543 Banyan Wood Ct | $499,990 | 5 bed / 4 bath | Available |
| 5228 Dragon Tree Ln | $499,990 | 5 bed / 3 bath | Available |
| 10608 Banyan Wood Ct | $509,990 | 5 bed / 3 bath | Available |
| 5232 Jacaranda Dr | $529,990 | 5 bed / 4 bath | Available April 2026 |
| 5534 Aspen Wood Ln | $332,470 | 2 bed / 2 bath | Available June 2026 |
| 5532 Aspen Wood Ln | $340,920 | 2 bed / 3 bath | Available June 2026 |
| 5526 Aspen Wood Ln | $305,990 | 3 bed / 2 bath | Pending |
| 10626 Banyan Wood Ct | $529,990 | 5 bed / 4 bath | Pending |
Source: M/I Homes
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Learn how to advertise your homesEstimated market value
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Estimated sales range
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Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Price change | $529,990-3.1%$160/sqft |
Source:  MIBOR as distributed by MLS GRID #22083797 Report a problem | ||
| 3/18/2026 | Price change | $546,990-0.4%$165/sqft |
Source: MIBOR as distributed by MLS GRID #22083797 Report a problem | ||
| 2/23/2026 | Price change | $548,990-1.6%$166/sqft |
Source: MIBOR as distributed by MLS GRID #22083797 Report a problem | ||
| 12/10/2025 | Price change | $557,990-0.4%$168/sqft |
Source:  M/I Homes Report a problem | ||
| 9/25/2025 | Price change | $559,990-2.1%$169/sqft |
Source: M/I Homes Report a problem | ||
| 8/21/2025 | Listed for sale | $572,292$173/sqft |
Source: M/I Homes Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7 | $500 +66.7% |
| 2023 | -- | $300 |
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 HomesBuyAbility℠ payment
Neighborhood: New Bethel
Nearby schools
GreatSchools rating
- 6/10Lillie Idella Kitley Intermediate SchoolGrades: 4-6Distance: 2.2 mi
- 7/10Franklin Central Junior HighGrades: 7-8Distance: 1 mi
- 9/10Franklin Central High SchoolGrades: 9-12Distance: 2 mi
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.
