Lakefront Living in Indianapolis! Don't miss this rare opportunity to own a lakefront home on one of Indianapolis' most beloved lakes-Lake Kesslerwood East. Nestled on a serene 65-acre lake, this quality-built brick ranch offers the best of both worlds-peaceful waterfront living just minutes from Downtown Indy, Fall Creek Trail, Fort Harrison State Park, Hillcrest CC, and more. This spacious home features 3-4 bedrooms (the fourth is ideal for an office, craft room, or guest space), 2 full baths, 2 half baths, a finished basement with a bar and family room, plus a three-car side-load garage with built-in storage and pull-down attic access. Inside, you'll find soaring vaulted ceilings, a cozy fireplace, and cherry hardwood floors. The formal dining room and eat-in kitchen flow seamlessly to the four-season sunroom, leading to an expansive deck with a low-maintenance pergola-perfect for outdoor dining and relaxation. The primary suite boasts cathedral ceilings and a spa-like bath. While this home still features some classic design elements, a little fresh paint, updated flooring, and modern touches will restore it to its full potential. Step outside and embrace lake life-boating, swimming, fishing, and sunset cruises await! A rare lakefront ranch with a basement in Indianapolis-don't let this one slip away!
Sold
$665,000
5519 Fall Creek Rd, Indianapolis, IN 46220
4beds
3,619sqft
Residential, Single Family Residence
Built in 1988
0.57 Acres Lot
$976,500 Zestimate®
$184/sqft
$4,066 Estimated rent
Home value
$976,500
$879,000 - $1.10M
$4,066/mo
Zestimate® history
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$4,498/mo
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List your homeWhat's special
Cozy fireplacePeaceful waterfront livingLow-maintenance pergolaFour-season sunroomSpa-like bathSoaring vaulted ceilingsExpansive deck
Zillow last checked:
Listing updated:
Listed by:
Steve Sergi 317-507-5883,
RE/MAX At The Crossing,
Sophie Sergi,
RE/MAX At The Crossing
Bought with:
Laura Turner
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22025097
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
- Main level bathrooms: 3
- Main level bedrooms: 4
Primary bedroom
- Features: Carpet
- Level: Main
- Area: 273 Square Feet
- Dimensions: 21x13
Bedroom 2
- Features: Carpet
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 3
- Features: Carpet
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 4
- Features: Carpet
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Breakfast room
- Features: Tile-Ceramic
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Dining room
- Features: Hardwood
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13x13
Family room
- Features: Carpet
- Level: Basement
- Area: 748 Square Feet
- Dimensions: 22x34
Great room
- Features: Hardwood
- Level: Main
- Area: 408 Square Feet
- Dimensions: 24x17
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Laundry
- Features: Tile-Ceramic
- Level: Main
- Area: 42 Square Feet
- Dimensions: 7x6
Sun room
- Features: Tile-Ceramic
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Heating
- Forced Air, Natural Gas
Appliances
- Included: Gas Cooktop, Dishwasher, Dryer, Disposal, Microwave, Gas Oven, Refrigerator, Washer, Water Softener Owned
- Laundry: Laundry Room, Main Level, Sink
Features
- Attic Pull Down Stairs, Double Vanity, Bookcases, Vaulted Ceiling(s), Kitchen Island, Ceiling Fan(s), Hardwood Floors, Eat-in Kitchen, Pantry, Walk-In Closet(s)
- Flooring: Hardwood
- Windows: Skylight(s)
- Basement: Finished,Storage Space
- Attic: Pull Down Stairs
- Number of fireplaces: 2
- Fireplace features: Basement, Family Room, Great Room
Interior area
- Total structure area: 3,619
- Total interior livable area: 3,619 sqft
- Finished area below ground: 725
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck
- Exterior features: Sprinkler System
- Has view: Yes
- View description: Lake, Water
- Has water view: Yes
- Water view: Lake,Water
- Waterfront features: Lake Privileges, Lake Front, Water Access, Water View
Lot
- Size: 0.57 Acres
- Features: Mature Trees
Details
- Parcel number: 490703103006000400
- Special conditions: Estate
- Other equipment: Radon System
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Concrete Perimeter, Partial
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Water: Municipal/City
Community & HOA
Community
- Subdivision: Lake Kesslerwood
HOA
- Has HOA: Yes
- Services included: Association Home Owners, Entrance Common
- HOA fee: $350 annually
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $648,300
- Annual tax amount: $6,500
- Date on market: 3/6/2025
- Cumulative days on market: 13 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2025 | Sold | $665,000-5%$184/sqft |
Source:  MIBOR as distributed by MLS GRID #22025097 Report a problem | ||
| 3/18/2025 | Pending sale | $700,000$193/sqft |
Source: MIBOR as distributed by MLS GRID #22025097 Report a problem | ||
| 3/6/2025 | Listed for sale | $700,000$193/sqft |
Source: MIBOR as distributed by MLS GRID #22025097 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,476 +2.5% | $648,300 +10.3% |
| 2024 | $6,321 +9.7% | $587,700 +1.9% |
| 2023 | $5,759 +6.1% | $576,800 +11.7% |
| 2022 | $5,428 +0.3% | $516,300 +7.6% |
| 2021 | $5,413 +23.1% | $479,800 +1.4% |
| 2020 | $4,398 -9% | $473,000 +7.5% |
| 2019 | $4,833 +1.4% | $439,800 -9% |
| 2018 | $4,766 +2.2% | $483,300 +2.1% |
| 2017 | $4,665 +3.8% | $473,400 +4.8% |
| 2016 | $4,494 -3.7% | $451,800 -3.2% |
| 2014 | $4,668 +2.1% | $466,800 |
| 2013 | $4,571 | $466,800 +2.1% |
| 2012 | $4,571 | $457,100 +10.1% |
| 2011 | -- | $415,300 |
| 2010 | $4,153 | $415,300 |
| 2009 | $4,153 | $415,300 -8.8% |
| 2007 | -- | $455,600 -1.9% |
| 2006 | -- | $464,600 +34.4% |
| 2005 | -- | $345,800 |
| 2004 | -- | $345,800 |
| 2003 | -- | $345,800 +116.5% |
| 2002 | -- | $159,700 +200% |
| 2001 | -- | $53,230 |
| 2000 | -- | $53,230 |
Find assessor info on the county website
Neighborhood: Devonshire
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Nearby schools
GreatSchools rating
- 3/10Skiles Test Elementary SchoolGrades: PK-6Distance: 1.8 mi
- 3/10Belzer Middle SchoolGrades: 7-8Distance: 2.1 mi
- 3/10Lawrence Central High SchoolGrades: 9-12Distance: 1.9 mi
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Estimated market value
$976,500
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Estimated market value
$976,500
- Indiana
- Marion County
- Indianapolis
- 46220
- Devonshire
- 5519 Fall Creek Rd
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