5519 Fall Creek Rd Indianapolis, IN 46220
Devonshire Neighborhood
4
Beds
4
Baths
3,619
Sq Ft
0.57
Acres
Highlights
- Lake Front
- Lake Privileges
- Deck
- Water Access
- Mature Trees
- Family Room with Fireplace
About This Home
As of April 2025Lakefront 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!
Last Agent to Sell the Property
RE/MAX At The Crossing Brokerage Email: stevesergi@remax.net License #RB14035150 Listed on: 03/06/2025
Co-Listed By
RE/MAX At The Crossing Brokerage Email: stevesergi@remax.net License #RB21000062
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,500
Year Built
- Built in 1988
Lot Details
- 0.57 Acre Lot
- Lake Front
- Sprinkler System
- Mature Trees
HOA Fees
- $29 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Home Design
- Ranch Style House
- Traditional Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Built-in Bookshelves
- Vaulted Ceiling
- Paddle Fans
- Skylights
- Family Room with Fireplace
- 2 Fireplaces
- Great Room with Fireplace
- Lake Views
- Pull Down Stairs to Attic
- Radon Detector
Kitchen
- Eat-In Country Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Finished Basement
- Fireplace in Basement
- Basement Storage
Outdoor Features
- Water Access
- Lake Privileges
- Deck
- Covered Patio or Porch
Utilities
- Forced Air Heating System
Community Details
- Association fees include home owners
- Lake Kesslerwood Subdivision
- Property managed by Lake Kesslerwood East
Listing and Financial Details
- Legal Lot and Block 55 / 6
- Assessor Parcel Number 490703103006000400
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 6, 2025
Closed on
Apr 24, 2025
Sold by
Skehan Michael P
Bought by
Hershman Dean C and Hershman Amy C
Seller's Agent
Steve Sergi
RE/MAX At The Crossing
Buyer's Agent
Laura Turner
F.C. Tucker Company
List Price
$700,000
Sold Price
$665,000
Premium/Discount to List
-$35,000
-5%
Views
151
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,188
Avg. Annual Appreciation
2.25%
Original Mortgage
$631,750
Outstanding Balance
$631,750
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$38,438
Purchase Details
Closed on
Oct 12, 2005
Sold by
Rees Helen L
Bought by
Skehan Michael P and Skehan Cynthia
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Personal Reps Deed | -- | Security Title | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $631,750 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Sold | $665,000 | -5.0% | $184 / Sq Ft |
| 03/18/2025 03/18/25 | Pending | -- | -- | -- |
| 03/06/2025 03/06/25 | For Sale | $700,000 | -- | $193 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $6,502 | $587,700 | $115,700 | $472,000 |
| 2023 | $6,502 | $576,800 | $115,700 | $461,100 |
| 2022 | $5,935 | $550,500 | $115,700 | $434,800 |
| 2021 | $5,599 | $479,800 | $81,500 | $398,300 |
| 2020 | $5,580 | $473,000 | $81,500 | $391,500 |
| 2019 | $4,560 | $439,800 | $81,500 | $358,300 |
| 2018 | $4,990 | $483,300 | $81,500 | $401,800 |
| 2017 | $4,886 | $473,400 | $81,500 | $391,900 |
| 2016 | $4,665 | $451,800 | $81,500 | $370,300 |
| 2014 | $4,668 | $466,800 | $81,500 | $385,300 |
| 2013 | $4,668 | $466,800 | $81,500 | $385,300 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Sergi
Seller's Agent in 2025
Steve Sergi
RE/MAX At The Crossing
(317) 507-5883
37 in this area
254 Total Sales
-
Sophie Sergi
Seller Co-Listing Agent in 2025
Sophie Sergi
RE/MAX At The Crossing
(317) 796-6349
16 in this area
120 Total Sales
-
Laura Turner
Buyer's Agent in 2025
Laura Turner
F.C. Tucker Company
(317) 363-0842
4 in this area
495 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22025097
APN: 49-07-03-103-006.000-400
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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