5538 Decatur Ridge Dr
Indianapolis, IN 46221
3 bd 3 ba 2,020 sqft Built 2004 Lot 6,970 sqft single_family
Most recent sale
$239,992
Sep 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 28, 2022 | Sold | $239,992 | Public Record |
| Aug 7, 2022 | Price changed | $239,999 | MLS #21862866 |
| Jul 22, 2022 | Price changed | $245,999 | MLS #21862866 |
| Jun 28, 2022 | Price changed | $254,999 | MLS #21862866 |
| Jun 17, 2022 | Listed | $259,999 | MLS #21862866 |
| Jul 11, 2017 | Sold | $155,597 | Public Record |
| Jul 5, 2017 | Listing removed | $159,900 | MIBOR |
| Apr 15, 2017 | Listed | $159,900 | MLS #21477003 |
| Nov 18, 2015 | Sold | $130,905 | Public Record |
| Nov 17, 2015 | Listing removed | $137,999 | MIBOR |
| Sep 18, 2015 | Price changed | $137,999 | MLS #21364547 |
| Jul 10, 2015 | Listed | $138,000 | MLS #21364547 |
| Jan 4, 2005 | Sold | $182,210 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $227,700 | $19,400 | $247,100 | $2,587 |
| 2024 | $227,300 | $19,400 | $246,700 | $2,847 |
| 2023 | $220,200 | $19,400 | $239,600 | $2,752 |
| 2022 | $154,800 | $19,400 | $174,200 | $2,537 |
| 2021 | $154,800 | $19,400 | $174,200 | $2,028 |
| 2020 | $149,400 | $19,400 | $168,800 | $1,900 |
| 2019 | $131,700 | $19,400 | $151,100 | $1,782 |
| 2018 | $124,600 | $19,400 | $144,000 | $1,680 |
| 2017 | $114,100 | $19,400 | $133,500 | $1,565 |
| 2016 | $108,100 | $19,400 | $127,500 | $1,490 |
| 2015 | $103,100 | $19,400 | $122,500 | $1,348 |
| 2014 | $100,500 | $19,400 | $119,900 | $1,321 |
| 2013 | $92,900 | $19,400 | $112,300 | $1,123 |
| 2012 | $101,400 | $19,400 | $120,800 | $1,208 |
| 2011 | $98,200 | $14,400 | $112,600 | $1,184 |
| 2010 | $104,000 | $14,400 | $118,400 | $1,126 |
| 2008 | $98,200 | $14,400 | $112,600 | $2,100 |
| 2006 | $116,900 | $14,400 | $131,300 | $1,943 |
Property facts
Year built
2004
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,020 sqft
Lot size
6,970 sqft
ZIP code
46221
City
Indianapolis
Street
Decatur Ridge Dr
Coordinates
39.68298, -86.28122
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,440
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 5538 Decatur Ridge Dr last sell?
5538 Decatur Ridge Dr most recently sold on Sep 28, 2022 for $239,992.
What is the current tax assessment for 5538 Decatur Ridge Dr?
The most recent total assessment for 5538 Decatur Ridge Dr (year 2025) is $247,100 with $2,587 in property tax.
How does 5538 Decatur Ridge Dr's assessment compare to its last sale price?
The current assessment is 3.0% above the last sale price of $239,992.
When was 5538 Decatur Ridge Dr built?
5538 Decatur Ridge Dr was built in 2004.
How does 5538 Decatur Ridge Dr compare to others on Decatur Ridge Dr?
We track 8 other properties on Decatur Ridge Dr. Browse the list under "Other properties on Decatur Ridge Dr" to compare beds, baths, and sale history.
What are the property facts for 5538 Decatur Ridge Dr?
5538 Decatur Ridge Dr is a 3 bed, 3 bath, 2,020 sqft, 6,970 sqft lot single_family.
Is 5538 Decatur Ridge Dr a flip candidate?
No — 5538 Decatur Ridge Dr does not appear in our flips dataset.
Is 5538 Decatur Ridge Dr a tax-appeal candidate?
No — 5538 Decatur Ridge Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.9%
Implied 1-yr
+7.7%
2026 Q3
$217.8K
2026 Q4
$221.5K
ZIP 46221 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Decatur Ridge Dr