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5540 Aspen Wood Lane Indianapolis, IN $ 279,990
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$ 279,990 Get more info
5540 Aspen Wood Lane
$ 279,990
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New Construction
Open House 10/17 12pm - 4pm
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5540 Aspen Wood Lane

Indianapolis, IN, 46239
$ 279,990
Bedrooms2 Baths2.0 Sq 1,495

Monthly Estimate*

$ 1,934

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Single Family Home for sale in Indianapolis, IN

for $279,990 with 2 bedrooms and 2 full baths. This 1,495 square foot home was built in 2026 on a lot size of 0.36.

This stunning new construction villa home at 5540 Aspen Wood Lane, Indianapolis offers main-level living with an abundance of well-planned living space! Highlights include 2 bedrooms, 2 full bathrooms, a deluxe owner's bath upgrade, a veranda with an upgrade 6' extension, an electric fireplace in the gathering room, and much more. Step inside to discover an open-concept living space that creates a seamless flow throughout the home, perfect for everyday living and entertaining. The quality of design is evident in every detail, from the carefully selected finishes to the functional floorplan that maximizes comfort and usability. Situated in a welcoming neighborhood with easy access to nearby parks and green spaces, this peaceful setting is ideal for outdoor recreation and relaxation while still offering everyday comfort and convenience. With its practical floorplan and desirable main-level owner's bedroom, 5540 Aspen Wood Lane delivers a comfortable living experience designed to suit a variety of lifestyles. Every element has been crafted with care, offering a space you can truly make your own through personalization and personal touches!

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Open House

10/17/2026 12:00 PM - 4:00 PM
10/18/2026 12:00 PM - 4:00 PM
5540 Aspen Wood Lane Indianapolis, IN
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Single Family Active

Price

$ 279,990

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.36

Year Built

2026

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22105688
Features
Interior
Interior Amenities Attic Access Bath Sinks Double Main Pantry Smart Thermostat Walk-In Closet(s)
Total Fireplaces 1
Fireplace Features Electric Family Room
Basement (Y/N) N
Half Baths 0
Laundry Features Laundry Room Main Level
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
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General
Heating Forced Air
Cooling Central Air
Utilities Cable Available Electricity Connected Natural Gas Available Sewer Connected Water Connected
Possession Closing
Appliances Dishwasher Electric Water Heater Disposal Microwave Gas Oven
HOA Fee 155
Garage Spaces 2
Association Fee Includes Association Home Owners
Patio/Porch Features Covered
Architectural Style Other
Security Features Smoke Detector(s)
Construction Materials Cement Siding Stone
Year Built 2026
View Trees/Woods
Township Franklin
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Assoc Fee Paid Per Monthly
County Marion
New Construction Y
Property Type Residential
Association Amenities Maintenance Playground Pool Trail(s)
HOA Y
Subdivision Name Sagebrook West
Facing Direction Northeast
Garage Y/N Y
Total Rooms 6
Full Baths 2
Status Active
Directions GPS Friendly
High School Franklin Central High School
City Indianapolis
High School District Franklin Township Com Sch Corp
MLS Area 4906 - Marion - Franklin
Lot Size Square Feet 15730
Property Attached Y/N Y
Middle/Junior High School Franklin Central Junior High
Property Condition New Construction Under Construction
Builder Name M/I Homes
Standard Status Active
Tax Lot 83A
Legal Description SAGEBROOK WEST SEC 2 L83A
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Exterior
Exterior Amenities Lighting
Parking Features Attached Garage Door Opener
Lot Features Irregular Lot Sidewalks
Water Source Public
Foundation Details Slab
Building Area Total 1495
Lot Size Acres 0.36
Waterfront Y/N N
Other Equipment None
Horse Amenities None
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* Excluded Features
List By
M/I Homes Of Indiana, L.P.

Broker

jmencias@mihomes.com

Email

Affordability Calculator

$1,934
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,934
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4045201 Elementary School
4050037 Middle School
Franklin Central High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/8/2026$279,990 -1.75% Price Down
9/25/2026$284,990 -3.39% Price Down
9/22/2026$294,990 -1.67% Price Down
9/15/2026$299,990 -1.64% Price Down
8/10/2026$304,990 -0.97% Price Down
7/30/2026$307,990 -3.75% Price Down
6/10/2026$319,990 -2.76% Price Down
6/2/2026$329,080 Listed Price

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5540 Aspen Wood Lane, Indianapolis, IN, 46239 is a Single Family Home for sale at $279,990 with 1,495 sqft and a lot size of 0.36. 5540 Aspen Wood Lane has 2 bedrooms, 2.0 baths, and was built in 2026. The property's zip code is 46239 which is in Indianapolis, IN

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