PENDING
$46K PRICE DROP
5420 Mcfarland Rd Indianapolis, IN 46227
Edgewood NeighborhoodEstimated payment $4,682/month
Total Views
20,678
6
Beds
5
Baths
5,118
Sq Ft
$146
Price per Sq Ft
Highlights
- Home fronts a pond
- Traditional Architecture
- No HOA
- 2.09 Acre Lot
- Wood Flooring
- Covered patio or porch
About This Home
Homestead has 3 dwellings & 2 addresses, 5418 & 5420 McFarland Road on 2.2 acres, walking distance to Roncalli HS. 2 story main home newly renovated. 4 bed, 2-1/2 bath, 3068 sqr ft. Updated kitchen & bathrooms, SS appliances, white quartz countertops, large 3'x9' center island, white shaker cabinets & 9 ft ceilings. Newly finished hard wood floors & LVP throughout. Large side deck, dual French doors, plus rear covered porch, private 1/8 acre, stocked pond & water fountain. Second dwelling is 650 square ft, one bedroom guest quarters or rental income, 1 car garage. Third dwelling has 2 levels. Upper is 800 sqr ft studio apartment. Lower has a horse stall, tack room, 3-car garage, 600 sqr ft rec room & 1/2 bath. 12 minutes to downtown Indy.
Listing Agent
Listwithfreedom.com Brokerage Email: support@listwithfreedom.com License #RB14026098 Listed on: 01/30/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,114
Year Built
- Built in 1973
Lot Details
- 2.09 Acre Lot
- Home fronts a pond
Parking
- 4 Car Attached Garage
Home Design
- Traditional Architecture
- Vinyl Siding
Interior Spaces
- 5,118 Sq Ft Home
- 2-Story Property
- Formal Dining Room
- Crawl Space
Kitchen
- Eat-In Kitchen
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Schools
- Clinton Young Elementary School
- Southport Middle School
- Southport High School
Additional Features
- Covered patio or porch
- Forced Air Heating System
Community Details
- No Home Owners Association
- Maple Ridge Subdivision
Listing and Financial Details
- Assessor Parcel Number 491505129009000500
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,370 | $297,900 | $28,300 | $269,600 |
| 2023 | $6,370 | $367,600 | $31,000 | $336,600 |
| 2022 | $8,628 | $327,100 | $31,000 | $296,100 |
| 2021 | $7,405 | $275,000 | $31,000 | $244,000 |
| 2020 | $7,007 | $267,300 | $31,000 | $236,300 |
| 2019 | $6,599 | $250,300 | $26,300 | $224,000 |
| 2018 | $5,278 | $189,000 | $23,900 | $165,100 |
| 2017 | $5,035 | $179,900 | $23,900 | $156,000 |
| 2016 | $4,182 | $168,700 | $23,900 | $144,800 |
| 2014 | $2,392 | $165,000 | $23,900 | $141,100 |
| 2013 | $2,411 | $165,000 | $23,900 | $141,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 03/06/2025 03/06/25 | Price Changed | $749,000 | -5.8% | $146 / Sq Ft |
| 01/30/2025 01/30/25 | For Sale | $795,000 | -- | $155 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $175,000 | Chicago Title | |
| Personal Reps Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $45,787 | FHA |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22020154
APN: 49-15-05-129-009.000-500
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