5331 Armstrong Dr, Indianapolis, IN 46237
Property image
Property image
OFF MARKET

$280,200

Trulia Estimate
  • 4 Beds
  • 1.5 Baths
  • 2,456 sqft (on 0.32 acres)

5331 Armstrong Dr, Indianapolis, IN 46237

South Emerson
Est. Refi. Payment $1,723/mo*
Refinance Your Home
Currently Off Market - Sold Nov 12, 2019 for $170,000

Home Value

Trulia Estimate
$280K
Since last month
Increased$2K (+0.6%)
Since last year
Increased$3K (+1.2%)
Since last sale
Increased$110K (+64.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +94% in the last 10 years
MonthEstimated value
2026
August 2026$280K
July 2026$279K
June 2026$281K
May 2026$279K
April 2026$280K
March 2026$275K
February 2026$273K
January 2026$270K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5522 Sleet Dr, Indianapolis, IN
0.15
Single-Family Home
$250,000
01/21/26
3
1
2,228
5533 Antoneli Ln, Indianapolis, IN
0.29
Single-Family Home
$225,000
12/16/25
4
1.5
1,606
5446 Sleet Dr, Indianapolis, IN
0.10
Single-Family Home
$248,000
07/10/26
5
2
1,794
5505 Chisolm Trl, Indianapolis, IN
0.29
Single-Family Home
$201,500
01/28/26
4
1.5
1,368
5508 Armstrong Dr, Indianapolis, IN
0.16
Single-Family Home
$208,000
06/25/26
3
1
1,282
5514 Meckes Ln, Indianapolis, IN
0.15
Single-Family Home
$235,000
10/10/25
3
1.5
1,564
5118 Gringo Dr, Indianapolis, IN
0.24
Single-Family Home
$223,000
04/14/26
4
2
1,506
5223 Bahia Dr, Indianapolis, IN
0.12
Single-Family Home
$195,000
02/27/26
3
1.5
1,112
5927 Timber Lake Blvd, Indianapolis, IN
0.24
Single-Family Home
$235,000
11/25/25
3
1.5
1,709
4921 Candy Spots Dr, Indianapolis, IN
0.46
Single-Family Home
$254,900
04/22/26
4
2
1,836

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5341 Armstrong Dr, Indianapolis, IN 46237
0.02
-
4
2
2,548
Off Market
5474 Sleet Dr, Indianapolis, IN 46237
0.06
$250,000
4
2.5
1,965
For Sale
5469 Sleet Dr, Indianapolis, IN 46237
0.08
$229,900
3
1.5
1,484
Off Market
5326 Armstrong Dr, Indianapolis, IN 46237
0.04
$249,300
3
2
1,350
Off Market
5608 Lunsford Dr, Indianapolis, IN 46237
0.07
$227,600
3
1.5
1,484
Off Market
5446 Sleet Dr, Indianapolis, IN 46237
0.10
$248,000
5
2
1,794
Recently Sold
5509 Sleet Dr, Indianapolis, IN 46237
0.13
$239,900
3
2
1,390
For Sale
5414 Meckes Dr, Indianapolis, IN 46237
0.12
$257,500
4
1.5
2,448
Off Market
5425 Armstrong Dr, Indianapolis, IN 46237
0.12
-
4
2
1,652
Off Market
5819 Timber Lake Way, Indianapolis, IN 46237
0.09
$255,200
3
2
2,362
Off Market
5429 Armstrong Dr, Indianapolis, IN 46237
0.13
$229,900
4
2
1,788
For Sale
5514 Meckes Ln, Indianapolis, IN 46237
0.15
-
3
1.5
1,564
Off Market

Local Information

  • Map ViewExplore the area around 5331 Armstrong Dr.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1974
Lot Size
0.32 acres
Living Area
2,456 sqft
Price/Sqft
$114
Parking
Garage

About this House

This single-family home is located at 5331 Armstrong Dr, Indianapolis, IN. 5331 Armstrong Dr is in the South Emerson neighborhood in Indianapolis, IN and in ZIP code 46237. This property has 4 bedrooms, 2 bathrooms and approximately 2,456 sqft of floor space. This property has a lot size of 0.32 acres and was built in 1974.
5331 Armstrong Dr, Indianapolis, IN 46237 is a 4 bedroom, 2 bathroom, 2,456 sqft single-family home in South Emerson, built in 1974. It last sold for $170,000 on Nov 12, 2019. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $280,200, with a rent estimate of $2,220/month.

Home Details for 5331 Armstrong Dr

Interior Features

Interior Details
BasementNumber of Rooms: 10Types of Rooms: Family Room, Recreation Room
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1974Year Updated: 1974
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.32 acres

Price and Tax history

DateEventPrice
Nov 12, 2019
Source: MIBOR as distributed by MLS GRID #21667134
Sold
$170,000
Sep 14, 2019
Source: Agent Provided
Pending
$169,900
Sep 11, 2019
Source: Agent Provided
Listed For Sale
$169,900

Market trends in South Emerson

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$242K
Sale-to-List Price
99.9%
Price per sq ft
$155
Available listings
68
4MoM

Around this home

Neighborhood Overview

South Emerson
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Emerson

At least 85 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say kids play outside

  • 82 % Say it's dog friendly

  • 74 % Say yards are well-kept

  • 69 % Say there are sidewalks

  • 68 % Say there's holiday spirit

  • 62 % Say it's quiet

  • 50 % Say neighbors are friendly

  • 50 % Say people would walk alone at night

  • 45 % Say it's walkable to grocery stores

  • 42 % Say there's wildlife

  • 35 % Say it's walkable to restaurants

  • 33 % Say streets are well-lit

  • 33 % Say they plan to stay for at least 5 years

  • 18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "there is great yard space to run and play and also tons of parks to take them for walks. "
    0
    Flag
  • Trulia User
    "Not a lot of strays. Lots of friendly dogs. Low speed limits. Most of the houses have big yards. Lots of neighborhoods to walk. "
    0
    Flag
  • Trulia User
    "I’ve lived in this beautiful neighborhood for 25 years, raised our sons here. Neighbors are friendly & keep an eye out for one another. Rarely do these homes go up for sale, so there isn’t much turnover. "
    6
    Flag
  • Lalcautergomez
    "Dogs are welcome, most of the neighborhood has dogs and people walks them all the time, and most if not all pick after them "
    1
    Flag
  • Hermelindo P.
    "There is safe to live in here and people are very friendly, so far is nice and calm, no problems with the neighborhood "
    3
    Flag
  • A
    "Some crime; petty theft/ break ins... weird people knock on your door sometimes. BUT management is really nice and the maintenance team is quick and efficient. "
    4
    Flag
  • Scissorhands_888
    "Small neighborhood with two streets to enter or exit. Low incidence of crime. Neighbors watch out for each other and communicate regularly."
    37
    Flag
  • Meddie D.
    "You see dog owners walking their dogs all the time and consistently looking out for each other's pets."
    2
    Flag
  • Dedra B.
    "great..good.. well festive... nice... non violent.. friendly... nice schools.... lots of restaurants.."
    2
    Flag
  • V
    "Schools in this area lack diversity. There are a few nice restaurants and lots of medical offices conveniently located."
    1
    Flag
  • Meddie D.
    "My neighborhood needs greater access to public transportation and better lighting for the streets. The traffic lights would do better with better synchronization."
    3
    Flag
  • Jahadley317
    "This is a great, quiet little area with good schools and easy access to downtown. It is a great place to start a family. Franklin township schools are the best in the city."
    1
    Flag
  • Donna S.
    "I am in a CDI Home Retirement Community. There are very good places to walk without having to get on busy roads. Convenient shopping and eating areas near Southport and also Beech Grove."
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5331 Armstrong Dr

  • What is 5331 Armstrong Dr estimated to be worth?
    Trulia's estimated value for 5331 Armstrong Dr in Indianapolis, IN is $280,200.
  • What is the price history for 5331 Armstrong Dr?
    5331 Armstrong Dr in Indianapolis, IN last sold for $170,000 in November 2019.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $242K.
  • Does 5331 Armstrong Dr have air conditioning?
    Yes, 5331 Armstrong Dr in Indianapolis, IN has air conditioning.
  • How big is the lot at 5331 Armstrong Dr?
    The lot at 5331 Armstrong Dr in Indianapolis, IN is about 0.32 acres (13,765 sq ft).

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