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5415 Grassy Bank Drive

Indianapolis, IN 46237

ActiveListed Aug 27, 2026 · 55 days on market

Key facts

Beds
4
Baths
2 full · 1 half
Living area
2,798 sqft
Lot
0.18 acres
Year built
2004
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22122710
County
Marion
Subdivision
Waters Edge

About this home

Welcome to this spacious and well-maintained Spacious 4 bed, 2.5 bath, 2,800 sq ft home in Franklin Township with top schools and easy Indianapolis commute. Oversized primary suite complete with a walk-in closet and a private bath featuring a full tub and shower. This two-level home features a functional and inviting layout designed for both everyday living and entertaining. The main level showcases durable laminate flooring throughout, with multiple living areas including a generously sized living room and a separate family room, providing flexibility for relaxation or hosting guests, a huge loft, eat-in kitchen, formal dining, main-level office, and fenced yard with patio and gazebo. Step outside to enjoy the fully fenced backyard, offering plenty of space for outdoor activities, pets, or entertaining. The open patio and gazebo create a great setting for relaxing evenings or weekend gatherings. All appliances stay. Located within Franklin Township schools and just minutes from shopping, dining, and everyday conveniences, this home offers the perfect blend of space, comfort, and location.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerDisposalGas Water HeaterMicrowaveElectric OvenRefrigeratorWasher
Interior features
Attic AccessBath Sinks Double MainBreakfast BarHigh CeilingsEntrance FoyerPaddle FanWired for DataPantryWalk-In Closet(s)Kitchen Island
Kitchen
Kitchen Galley
Other rooms and areas
Utility Room
Fireplaces
1
Fireplace type
Family RoomGas LogLiving Room
Laundry
Connections AllLaundry RoomMain Level
Security
Smoke Detector(s)
Rooms
11

Exterior

Patio and porch
Gazebo
Construction
BrickVinyl With Brick
Foundation
Slab
Style
Traditional
Parking and garage
Attached
Fencing
Fence Complete

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public

Lot and HOA

HOA fee
$290 / annually

Schools

Elementary school
New Bethel Elementary
School district
Franklin Township Com Sch Corp

Taxes

Estimated annual tax
$3,114 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,089per month, estimated
Principal and interest $1,689Property tax $260Insurance $117HOA $24
20% · $67,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, 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$335,000
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