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5538 Aspen Wood Lane

Indianapolis, IN 46239

PendingListed Jun 2, 2026 · 140 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,716 sqft
Lot
0.39 acres
Year built
2026
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22105706
County
Marion
Subdivision
Sagebrook West
New construction
Yes

About this home

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!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric Water HeaterDisposalMicrowaveGas Oven
Interior features
Attic AccessBath Sinks Double MainKitchen IslandPantrySmart ThermostatWalk-In Closet(s)
Other rooms and areas
Laundry in Unit
Fireplaces
1
Fireplace type
ElectricFamily Room
Laundry
Laundry RoomMain Level
Windows
Vinyl Windows
Security
Smoke Detector(s)
Rooms
7
Main-level bedrooms
3
Condition
New ConstructionUnder Construction

Exterior

Exterior features
Lighting
Patio and porch
Covered
Construction
Cement SidingStone
Foundation
Slab
Parking and garage
AttachedGarage Door Opener
View
Trees/Woods

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected

Lot and HOA

HOA fee
$155 / monthly
Lot features
Irregular LotSidewalks
HOA fee includes
Association Home Owners
HOA amenities
MaintenancePlaygroundPoolTrail(s)

Schools

Middle school
Franklin Central Junior High
High school
Franklin Central High School
School district
Franklin Township Com Sch Corp

Taxes

Tax year
2025

Estimate your monthly payment

$1,960per month, estimated
Principal and interest $1,462Property tax $242Insurance $101HOA $155
20% · $57,998
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax at 1.0% of price (Indiana homestead-capped at 1%), homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$289,990
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