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Pending
    • Price cut: $25K (6/26)
    $725,000

    5225 Fall Creek Rd, Indianapolis, IN 46220

    4beds
    2,642sqft
    : 
    $4,905/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1985
    0.45 Acres Lot
    $-- Zestimate®
    $274/sqft
    $24/mo HOA

    What's special

    Private dockWell-maintained exteriorCovered rear porchWaterfront homeExceptional privacySpacious primary suiteCraftsman-inspired kitchen
    Tucked along the shores of private Lake Kesslerwood, this beautifully updated waterfront home offers a rare opportunity to enjoy peaceful lake living just minutes from Broad Ripple, Keystone, Castleton, and downtown Indianapolis. Situated on nearly half an acre with mature trees, exceptional privacy, and a private dock, the property invites mornings on the water, sunset views from the balcony, and year-round enjoyment of one of Indianapolis' most treasured hidden lakes. Inside, the open-concept floor plan features a Craftsman-inspired kitchen with granite countertops, custom cabinetry, center island, and hardwood floors throughout the main level. The spacious primary suite includes a sitting area, dual vanities, and a private balcony overlooking the lake. Thoughtful updates including interior and exterior paint, vinyl windows, laundry built-ins, covered rear porch, and a well-maintained exterior provide peace of mind and move-in-ready convenience. Whether entertaining guests, kayaking from your dock, or simply enjoying the view, this home offers the perfect blend of everyday comfort, natural beauty, and an exceptional waterfront lifestyle in the heart of Indianapolis.
    44 days
    |
    573
    |
    40
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Kyle Peckinpaugh 317-362-2396,

    F.C. Tucker Company

    Source: MIBOR as distributed by MLS GRID,MLS#: 22107695MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      • Main level bathrooms: 1
      Primary bedroom
      • Level: Upper
      • Area: 330 Square Feet
      • Dimensions: 22x15
      Bedroom 2
      • Level: Upper
      • Area: 156 Square Feet
      • Dimensions: 13x12
      Bedroom 3
      • Level: Upper
      • Area: 120 Square Feet
      • Dimensions: 12x10
      Bedroom 4
      • Level: Upper
      • Area: 100 Square Feet
      • Dimensions: 10x10
      Dining room
      • Level: Main
      • Area: 180 Square Feet
      • Dimensions: 15x12
      Kitchen
      • Level: Main
      • Area: 238 Square Feet
      • Dimensions: 17x14
      Laundry
      • Level: Main
      • Area: 81 Square Feet
      • Dimensions: 9x9
      Living room
      • Level: Main
      • Area: 192 Square Feet
      • Dimensions: 16x12
      Office
      • Level: Main
      • Area: 110 Square Feet
      • Dimensions: 10x11
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Electric Cooktop, Dishwasher, Microwave, Oven, Refrigerator, Wine Cooler
      • Laundry: Laundry Room, Main Level
      Features
      • Attic Access, Breakfast Bar, Built-in Features, Hardwood Floors, Pantry
      • Flooring: Hardwood
      • Has basement: No
      • Attic: Access Only
      • Number of fireplaces: 1
      • Fireplace features: Family Room
      Interior area
      • Total structure area: 2,642
      • Total interior livable area: 2,642 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Screened
      • Fencing: Fenced,Partial
      • Has view: Yes
      • View description: Lake, Water
      • Has water view: Yes
      • Water view: Lake,Water
      • Waterfront features: Dock, Lake Privileges, Lake Front, Water Access, Water View, Waterfront
      Lot
      • Size: 0.45 Acres
      • Features: Mature Trees
      Details
      • Parcel number: 490703110003000400
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Residential, Single Family Residence
      Materials
      • Wood Brick
      • Foundation: Block
      Condition
      • New construction: No
      • Year built: 1985

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Security: Security System Owned, Smoke Detector(s)
      • Subdivision: Lake Kesslerwood
      HOA
      • Has HOA: Yes
      • Services included: Association Home Owners
      • HOA fee: $285 annually
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $274/sqft
      • Tax assessed value: $578,300
      • Annual tax amount: $5,786
      • Date on market: 6/17/2026
      • Cumulative days on market: 41 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/10/2026Pending sale$725,000$274/sqft
        Source: MIBOR as distributed by MLS GRID #22107695 Report a problem
        6/26/2026Price change$725,000-3.3%$274/sqft
        Source: MIBOR as distributed by MLS GRID #22107695 Report a problem
        6/17/2026Listed for sale$750,000+87.5%$284/sqft
        Source: MIBOR as distributed by MLS GRID #22107695 Report a problem
        5/7/2014Sold$400,000-3.6%$151/sqft
        Source: MIBOR as distributed by MLS GRID #21260970 Report a problem
        4/26/2014Pending sale$414,999$157/sqft
        Source: Indy Metro Northeast dba Keller Williams Realty #21260970 Report a problem
        4/4/2014Price change$414,9990%$157/sqft
        Source: Indy Metro Northeast dba Keller Williams Realty #21260970 Report a problem
        3/13/2014Price change$415,000+0%$157/sqft
        Source: Indy Metro Northeast dba Keller Williams Realty #21260970 Report a problem
        2/18/2014Listed for sale$414,999$157/sqft
        Source: Indy Metro Northeast dba Keller Williams Realty #21260970 Report a problem
        11/12/2013Pending sale$414,999$157/sqft
        Source: Indy Metro Northeast dba Keller Williams Realty #21260970 Report a problem
        10/28/2013Price change$414,9990%$157/sqft
        Source: Indy Metro Northeast dba Keller Williams Realty #21260970 Report a problem
        10/17/2013Listed for sale$415,000+9.2%$157/sqft
        Source: Indy Metro Northeast dba Keller Williams Realty #21260970 Report a problem
        4/27/2009Sold$380,000+3.1%$144/sqft
        Source: MIBOR as distributed by MLS GRID #2907073 Report a problem
        1/12/2009Listing removed$368,444$139/sqft
        Source: Listhub #2824382 Report a problem
        12/5/2008Price change$368,444-7.9%$139/sqft
        Source: Listhub #2824382 Report a problem
        10/26/2008Price change$399,8500%$151/sqft
        Source: Listhub #2824382 Report a problem
        7/17/2008Price change$399,900-11.1%$151/sqft
        Source: Listhub #2824382 Report a problem
        6/10/2008Price change$449,900-6.3%$170/sqft
        Source: Listhub #2824382 Report a problem
        5/25/2008Price change$479,900-4%$182/sqft
        Source: Listhub #2824382 Report a problem
        4/6/2008Listed for sale$499,900+49.2%$189/sqft
        Source: Listhub #2824382 Report a problem
        9/28/2007Sold$335,000$127/sqft
        Source: MIBOR as distributed by MLS GRID #2705982 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,785 +4.7%$578,300 +10%
        2024$5,525 +12.2%$525,500 +4.1%
        2023$4,926 +6.1%$504,800 +14.1%
        2022$4,645 -3.2%$442,300 +7.5%
        2021$4,798 +21.9%$411,400 -2%
        2020$3,934 -7.4%$419,900 +6.7%
        2019$4,248 -0.3%$393,400 -7.4%
        2018$4,259 +1.4%$424,800 +0.5%
        2017$4,202 +2.9%$422,700 +3.9%
        2016$4,085 +16.2%$406,900 +15.8%
        2014$3,514 +2.3%$351,400
        2013$3,435 $351,400 +2.3%
        2012$3,435 $343,500 +1.1%
        2011-- $339,700
        2010$3,397 +0%$339,700
        2009$3,397 $339,700 -9%
        2007-- $373,200 -2%
        2006-- $380,700 +34.9%
        2005-- $282,200
        2004-- $282,200 -11.8%
        2003-- $319,900 +104.8%
        2002-- $156,200 +200%
        2001-- $52,070
        2000-- $52,070
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Devonshire

        Getting around

        22 / 100
        Car-Dependent
        11 / 100
        Minimal Transit
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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