Skip to content

5556 Montpelier Pike

Marion, IN 46953

ActiveListed Oct 1, 2026 · 21 days on market

Key facts

Beds
3
Baths
1 full · 1 half
Living area
1,048 sqft
Lot
0.55 acres
Year built
1950
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22129055
County
Grant
Subdivision
Lakewoods

About this home

A warm and welcoming ranch with thoughtful spaces inside and out, this 3-bedroom, 1.5-bath home is ready for its next owner. The living room features a distinctive wood ceiling that adds character and warmth, while the bright family room offers expansive views of the surrounding natural setting and creates a comfortable space to relax or gather. The single-level layout offers easy everyday living, and the attached garage adds convenience and additional storage. Two outbuildings provide even more space for lawn equipment, tools, hobbies, or seasonal items. Conveniently located near local shopping, dining, parks, and major roadways, this home combines comfort, functionality, and a peaceful setting with plenty of room to make it your own.

Description provided by the listing brokerage.

Interior

Appliances
MicroHoodElectric OvenRefrigerator
Interior features
WoodWorkStain/Painted
Kitchen
Kitchen GalleyKitchen Some Updates
Other rooms and areas
Utility Room
Fireplaces
1
Fireplace type
Gas LogLiving Room
Rooms
7
Main-level bedrooms
3

Exterior

Exterior features
Barn MiniStorage Shed
Patio and porch
CoveredGlass Enclosed
Construction
Vinyl Siding
Foundation
Block
Style
Ranch
Parking and garage
Attached
Other structures
Outbuilding

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public

Lot and HOA

Lot features
Corner Lot

Schools

School district
Marion Community Schools

Taxes

Estimated annual tax
$460 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,116per month, estimated
Principal and interest $1,008Property tax $38Insurance $70
20% · $39,980
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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$199,900
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.