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5930 Timber Lake Way

Indianapolis, IN 46237

ActiveListed Sep 25, 2026 · 6 days on market

Key facts

Beds
4
Baths
3 full
Living area
1,748 sqft
Lot
0.34 acres
Year built
1989
Type
Residential · Single Family Residence
Stories
Tri-level
Garage
2 spaces
MLS #
22127874
County
Marion
Subdivision
Franklin Woods

About this home

Franklin Woods 4BR, 3 full bath split-bedroom tri-level home located on pond lot in Franklin Township. This home offers an eat-in kitchen, formal living rm with direct access to sunroom on the main level. Lower level features bonus room and 4th bedroom with full bath, currently being used as a family rm. Upper level offers primary bedroom suite featuring private full bath with walk-in shower. 2 additional bedrooms share hall bath featuring tub with shower surround. Open patio off of the lower level overlooks backyard with pond access. Mature neighborhood located off of Arlington Ave. between Thompson Rd. and Edgewood Ave. Just minutes from Arlington Elementary, Lutheran HS and Newly renovated Thompson Park. This home does need cosmetics, but is perfect for someone willing to put in a little elbow grease to make it their own. This is an excellent opportunity in Franklin Twp!!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric OvenRefrigerator
Interior features
Built-in FeaturesPaddle FanHi-Speed Internet AvailblWood Work Painted
Other rooms and areas
Laundry in UnitLiving Room Formal
Laundry
Connections AllLaundry RoomMain Level
Windows
Screens
Rooms
8
Main-level bedrooms
1
Condition
Fixer

Exterior

Patio and porch
Covered
Construction
Vinyl With Stone
Foundation
Block
Style
Traditional
Parking and garage
Attached
View
Neighborhood

Systems

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

Lot and HOA

HOA fee
$200 / annually
Lot features
SidewalksSuburbMature Trees
HOA fee includes
Association Home OwnersEntrance CommonMaintenance
HOA amenities
Pond SeasonalMaintenance

Schools

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

Taxes

Estimated annual tax
$2,240 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,417per month, estimated
Principal and interest $1,134Property tax $187Insurance $79HOA $17
20% · $45,000
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$225,000
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