5519 Fall Creek Road
Indianapolis, IN 46220
- 4 beds
- 4 baths
- 3,619 sqft
- ~1/2 acre lot
- $193 per sqft
- 1988 build
Lakefront 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 checked:
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Last updated Mar 6, 2025
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MLS# 22025097 —
The Building
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Year Built:1988
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Ranch, TraditonalAmerican
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Levels:One
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Basement:true
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Basement:Finished, Storage Space
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Foundation Details:Concrete Perimeter, Partial
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Patio And Porch Features:Covered Porch, Deck Main Level
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Exterior Features:Sprinkler System
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Accessibility Features:No
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Green Certification:No
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Building Area Total:3619
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Below Grade Finished Area:725
Interior
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Rooms:10
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Rooms Total:11
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Rooms Total:10
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Interior:Laundry in Unit,Utility Room
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Interior Features:Attic Pull Down Stairs, Bath Sinks Double Main, Built In Book Shelves, Vaulted Ceiling(s), Center Island, Paddle Fan, Hardwood Floors, Eat-in Kitchen, Pantry, Skylight(s), Walk-in Closet(s)
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Kitchen Features:Kitchen Country
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Other Equipment:Radon System
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Eating Area:Breakfast Room,Formal Dining Room
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Laundry Features:Laundry Room, Main Level, Sink
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Fireplaces Total:2
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Fireplace Features:Basement, Family Room, Great Room
Room Dimensions
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SqFt:2894
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Main Level SqFt:2894
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Living Area:3619
Location
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Directions:LAKE KESSLERWOOD EAST: Go Northeast on Fall Creek Rd from Kessler Blvd to home on the right or go Southwest on Fall Creek Rd from Shadeland Ave to home on left.
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Latitude:39.863797
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Longitude:-86.073278
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:490703103006000400
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Acres:1/2-1 Acre
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Lot Features:Mature Trees
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Lot Size Acres:0.57
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Lot Size SqFt:24,829 Sqft
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Price Per Acre:1228070
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Additional Parcels:false
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View:Lake, Water
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View:true
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Waterfront:true
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Waterfront Features:Lake Privileges, Lake Front, Water Access, Water View
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Horse Amenities:None
Listing Agent
- Contact info:
- Agent phone:
- (317) 507-5883
- Office phone:
- (317) 595-1900
Taxes
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Tax Lot:55
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Tax Year:2024
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:3250
Beds
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Beds:4
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Bedrooms:4
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Bedrooms Total:4
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Main Level Bedrooms:4
Baths
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Baths:4
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Full Baths:2
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Full Baths:2
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Half Baths:2
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Half Baths:1
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Full Baths Main:2
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Half Baths Main:1
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Half Baths Basement:1
Heating & Cooling
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Heating:Forced Air, Gas
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Cooling:Central Electric
Utilities
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Water Source:Municipal/City
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Solid Waste:Yes
Appliances
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Appliances:Gas Cooktop, Dishwasher, Dryer, Disposal, Microwave, Gas Oven, Refrigerator, Washer, Water Softener Owned
Schools
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High School District:MSD Lawrence Township
The Community
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Subdivision Name:Lake Kesslerwood
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Association Fee Frequency:Annually
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Association:true
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Association Fee:350
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Association Fee Includes:Association Home Owners, Entrance Common
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Management Company Name:Lake Kesslerwood East
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Ownership Interest Types:Mandatory Fee
Parking
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Parking Features:Attached
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Garage:true
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Garage Spaces:3
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Garage SqFt:782
Monthly cost estimate

Asking price
$700,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,748
|
Taxes | $541 |
Insurance | $192 |
HOA fees | $29 |
Utilities | $186 See report |
Total | $4,696/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/6/25
Mar 6, 2025
|
Listed / Active | MIBOR | $700,000 |