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5807 Timber Lake Way

Indianapolis, IN 46237

ActiveListed Oct 7, 2026 · 1 day on market

Key facts

Beds
3
Baths
2 full
Living area
1,835 sqft
Lot
0.15 acres
Year built
1989
Type
Residential · Single Family Residence
Stories
Tri-level
Garage
2 spaces
MLS #
22130181
County
Marion
Subdivision
Franklin Woods
Total building area
2,118 sqft

About this home

Welcome to this beautifully updated tri-level home in Franklin Woods! The main level features new luxury vinyl plank flooring and an inviting living area. The recently updated kitchen offers new cabinetry, countertops, and stainless-steel appliances, providing a fresh and functional space for everyday living and entertaining.The home offers three nicely sized bedrooms plus a versatile lower-level bonus room currently being used as the primary bedroom. The updated bathrooms feature tiled showers and new vanities, while fresh interior paint throughout gives the home a clean, move-in-ready feel.Enjoy the fully fenced backyard with an oversized deck that has been recently stained and a pergola, perfect for relaxing or entertaining. Additional updates include a new HVAC system, 2022 garage door, new sewer line from the house to the street in 2022, and more.Conveniently located near neighborhood parks, schools, shopping, restaurants, and everyday amenities. With so many updates and flexible living space, this Franklin Woods home is ready for its next owner. Schedule your private showing today and see all this home has to offer!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDisposalMicrowaveElectric OvenRefrigeratorElectric Water Heater
Interior features
Attic AccessPaddle FanEat-in Kitchen
Basement
Ceiling - 9+ feetPartialTri Level, Under
Laundry
Laundry Closet
Windows
ScreensBay Window(s)
Rooms
6
Condition
Updated/Remodeled

Exterior

Exterior features
Storage Shed
Patio and porch
Deck
Construction
Vinyl With Brick
Foundation
Crawl SpaceSlab
Style
Split LevelTraditional
Parking and garage
AttachedConcrete
Fencing
Full
Other equipment
Smoke AlarmSump Pump

Systems

Heating
Forced AirElectric
Cooling
Central AirHeat Pump
Water
Public

Lot and HOA

HOA fee
$200 / annually
Lot features
CurbsSidewalksMature Trees

Schools

Elementary school
Arlington Elementary School
High school
Franklin Central High School
School district
Franklin Township Com Sch Corp

Taxes

Estimated annual tax
$2,274 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,635per month, estimated
Principal and interest $1,335Property tax $190Insurance $93HOA $17
20% · $52,980
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.

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Listed at$264,900
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