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5538 Aspen Wood Lane Indianapolis, IN $ 289,990
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$ 289,990 Get more info
5538 Aspen Wood Lane
$ 289,990
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New Construction
Open House 10/18 12pm - 4pm
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5538 Aspen Wood Lane

Indianapolis, IN, 46239
$ 289,990
Bedrooms3 Baths2.0 Sq 1,716

Monthly Estimate*

$ 2,003

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Single Family Home for sale in Indianapolis, IN

for $289,990 with 3 bedrooms and 2 full baths. This 1,716 square foot home was built in 2026 on a lot size of 0.39.

Welcome to 5538 Aspen Wood Lane in Indianapolis - a stunning new construction ranch villa home for sale. This thoughtfully designed villa home features 3 bedrooms, 2 full bathrooms, an electric fireplace in the gathering room, a veranda with 6' extension, a deluxe owner's bathroom, and more! This home showcases an open-concept living space that creates a seamless flow between the kitchen, dining, and living areas - perfect for everyday living and entertaining. Built with quality craftsmanship and attention to detail, this home's floorplan balances comfort and functionality throughout. The owner's bedroom is positioned near the back of the home, offering both easy accessibility and a private retreat within the home. The overall design reflects a commitment to quality, with clean lines, functional spaces, and finishes that elevate everyday living. Situated in a welcoming neighborhood with nearby parks, this home provides a wonderful setting for those who enjoy outdoor recreation and a sense of connection with nature. The quality of design is evident from the moment you step inside, making this home a standout choice for buyers seeking new construction!

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Open House

10/18/2026 12:00 PM - 4:00 PM
5538 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

$ 289,990

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.39

Year Built

2026

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22105706
Features
Interior
Interior Amenities Attic Access Bath Sinks Double Main Kitchen Island 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 3
Main Level Bedrooms 3
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 7
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 17081
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 83B
Legal Description SAGEBROOK WEST SEC 2 L83B
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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 1716
Lot Size Acres 0.39
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

$2,003
Per Month
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Monthly Principal & Interest
$2,003
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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$289,990 -1.69% Price Down
9/25/2026$294,990 -3.28% Price Down
9/22/2026$304,990 -1.61% Price Down
9/15/2026$309,990 -1.59% Price Down
8/10/2026$314,990 -1.56% Price Down
7/30/2026$319,990 -5.33% Price Down
6/10/2026$337,990 -5.46% Price Down
6/2/2026$357,510 Listed Price

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5538 Aspen Wood Lane, Indianapolis, IN, 46239 is a Single Family Home for sale at $289,990 with 1,716 sqft and a lot size of 0.39. 5538 Aspen Wood Lane has 3 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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