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5228 Waterton Lakes Drive

Indianapolis, IN 46237

ActiveListed Oct 3, 2026 · 13 days on market

Key facts

Beds
4
Baths
2 full · 1 half
Living area
1,596 sqft
Lot
0.17 acres
Year built
1999
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22129589
County
Marion
Subdivision
Thompson Park

About this home

Welcome home to this beautifully updated 4-bedroom home located in Franklin Township School District in Indianapolis, Indiana, offering the perfect combination of space, modern updates, and move-in-ready convenience - all at $280,000. Step inside to a bright, welcoming interior featuring all-new flooring, fresh paint, and updated fixtures throughout. The spacious floor plan provides plenty of room for everyday living, entertaining, a home office, or additional flex space. With four bedrooms, this home offers the versatility today's buyers are looking for. Outside, you'll love the fully fenced backyard, providing plenty of room for pets, play, gardening, or outdoor entertaining. Enjoy evenings on the back patio, host summer cookouts, or simply relax in your own private outdoor space. Located in the desirable Franklin Township area of Indianapolis, this turnkey home offers convenient access to shopping, dining, schools, parks, and major commuter routes.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerElectric Water HeaterDisposalMicroHoodElectric OvenWasher
Interior features
Walk-In Closet(s)Eat-in KitchenEntrance FoyerPantry
Laundry
Main Level
Windows
Vinyl Windows
Rooms
7

Exterior

Patio and porch
Porch
Construction
Vinyl Siding
Foundation
Slab
Style
Traditional
Parking and garage
Attached
Fencing
Full
Other equipment
Security System OwnedSmoke Alarm

Systems

Heating
Forced AirElectric
Cooling
Central Air
Water
Public
Utilities
Cable Available

Lot and HOA

HOA fee
$178 / semi-annually

Schools

School district
Franklin Township Com Sch Corp

Taxes

Estimated annual tax
$2,048 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,695per month, estimated
Principal and interest $1,411Property tax $171Insurance $98HOA $15
20% · $56,000
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$280,000
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