5501 Armstrong Dr, Indianapolis, IN 46237
Property image
Property image
OFF MARKET

$247,400

Trulia Estimate
  • 3 Beds
  • 1.5 Baths
  • 1,520 sqft (on 0.32 acres)

5501 Armstrong Dr, Indianapolis, IN 46237

South Emerson
Est. Refi. Payment $1,598/mo*
Refinance Your Home
Currently Off Market - Sold Oct 10, 2024 for $205,000

Home Value

Trulia Estimate
$247K
Since last month
Decreased$4K (-1.6%)
Since last year
Increased$37K (+17.5%)
Since last sale
Increased$42K (+20.7%)
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 +95% in the last 10 years
MonthEstimated value
2026
September 2026$247K
August 2026$251K
July 2026$251K
June 2026$248K
May 2026$233K
April 2026$219K
March 2026$214K
February 2026$215K
January 2026$209K
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
5508 Armstrong Dr, Indianapolis, IN
0.03
Single-Family Home
$208,000
06/25/26
3
1
1,282
5522 Sleet Dr, Indianapolis, IN
0.06
Single-Family Home
$250,000
01/21/26
3
1
2,228
5514 Meckes Ln, Indianapolis, IN
0.12
Single-Family Home
$235,000
10/10/25
3
1.5
1,564
5505 Chisolm Trl, Indianapolis, IN
0.16
Single-Family Home
$201,500
01/28/26
4
1.5
1,368
5537 Yeager Ct, Indianapolis, IN
0.21
Single-Family Home
$218,000
07/16/26
3
2
1,482
5533 Antoneli Ln, Indianapolis, IN
0.29
Single-Family Home
$225,000
12/16/25
4
1.5
1,606
5336 Concho Dr, Indianapolis, IN
0.29
Single-Family Home
$212,000
07/24/26
3
1.5
1,428
5512 Lunsford Dr, Indianapolis, IN
0.23
Single-Family Home
$225,000
11/12/25
3
1.5
1,290
5514 Antoneli Ln, Indianapolis, IN
0.26
Single-Family Home
$225,000
02/13/26
3
1.5
1,611
5330 Brazos Dr, Indianapolis, IN
0.32
Single-Family Home
$250,000
04/15/26
3
2
1,604

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
5429 Armstrong Dr, Indianapolis, IN 46237
0.01
$229,900
4
2
1,788
For Sale
5508 Armstrong Dr, Indianapolis, IN 46237
0.03
$208,000
3
1
1,282
Recently Sold
5425 Armstrong Dr, Indianapolis, IN 46237
0.02
$253,200
4
2
1,652
Off Market
5526 E Armstrong Dr, Indianapolis, IN 46237
0.06
$219,500
3
1.5
1,564
Off Market
5513 S Pappas Dr, Indianapolis, IN 46237
0.07
$216,500
3
1.5
1,564
Off Market
5414 Armstrong Ct, Indianapolis, IN 46237
0.08
$236,500
3
1.5
1,510
Off Market
5522 Sleet Dr, Indianapolis, IN 46237
0.06
$250,000
3
1
2,228
Recently Sold
5437 Pappas Dr, Indianapolis, IN 46237
0.09
$247,800
3
1.5
1,864
Off Market
5408 Armstrong Ct, Indianapolis, IN 46237
0.09
$263,500
4
2.5
2,308
Off Market
5407 S Pappas Dr, Indianapolis, IN 46237
0.12
$215,900
3
1.5
1,374
Off Market
5538 Pappas Dr, Indianapolis, IN 46237
0.11
$274,000
4
2.5
1,848
Recently Sold

Local Information

  • Map ViewExplore the area around 5501 Armstrong Dr.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1976
0.32 acre lot
1,520 sqft
$163/sqft
1 Car Garage

About this House

Charming 3-Bedroom Home with Modern Updates! This inviting 1890 square foot home in desirable Franklin Township offers a perfect blend of classic charm and contemporary comfort. Featuring three bedrooms and one and a half bathrooms, this spacious residence provides ample room for family living. The heart of the home is the open-concept kitchen and dining area, complete with stainless steel appliances and a convenient breakfast bar. Cozy up by the fireplace on chilly evenings or entertain guests in style. Step outside to discover a vast backyard oasis, perfect for relaxation or outdoor entertaining. The huge screened-in porch is an ideal spot to enjoy the tranquil surroundings. A storage shed and mature trees add to the property's appeal. Recent updates include LVP flooring, a new roof, updated electrical system, and fresh interior and exterior paint, just to name a few, in 2023. The lower level provides additional storage space. Don't miss this opportunity to own a beautifully renovated home in a desirable location.
5501 Armstrong Dr, Indianapolis, IN 46237 is a 3 bedroom, 2 bathroom, 1,520 sqft single-family home in South Emerson, built in 1976. It last sold for $205,000 on Oct 10, 2024 (6% below the $219,000 asking price). More recently, it was listed as a rental in July 2023 with an asking price of $1,650 per month. That rental listing was removed on July 28, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $247,400, with a rent estimate of $1,675/month.
Last check for updates: about 4 hours ago
Listed by Rosie Berzenye
T&H Realty Services, Inc.
Bought with: Julie Cromer, Epique Inc
Source: MIBOR as distributed by MLS GRID, MLS#21994121

Home Details for 5501 Armstrong Dr

Active Status

MLS Status: Sold

Interior Features

Interior Details
Number of Rooms: 9Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bonus Room, Family Room, Great Room, Kitchen, Laundry, Sun Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1520 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Microwave, Electric Oven, RefrigeratorDishwasherMicrowaveRefrigerator
Heating & Cooling
Heating: Forced Air,ElectricHas CoolingHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Family RoomHas a Fireplace
Windows, Doors, Floors & Walls
Window: Wood Work Painted
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Patio / Porch: ScreenedFencing: FencedOther Structures: Barn MiniFoundation: Block
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageHas an Attached GarageParking Spaces: 1Parking: Attached
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 42

Property Information

Year Built
Year Built: 1976
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Vinyl SidingNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 491503136056000300

Price & Status

Price
List Price: $219,000
Status Change & Dates
Off Market Date: Thu Sep 12 2024Possession Timing: Close Of Escrow

Location

Direction & Address
City: IndianapolisCommunity: Arlington Acres
School Information
Elementary School: Arlington Elementary SchoolJr High / Middle School: Franklin Central Junior HighHigh School: Franklin Central High SchoolHigh School District: Franklin Township Com Sch Corp

Building

Building Area
Building Area: 1520 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.32 acres

Listing Info

Special Conditions: As Is

Miscellaneous

Mls Number: 21994121

Price and Tax history

DateEventPrice
Oct 10, 2024
Source: MIBOR as distributed by MLS GRID #21994121
Sold
$205,000
Sep 13, 2024
Source: MIBOR as distributed by MLS GRID #21994121
Pending
$219,000
Aug 29, 2024
Source: MIBOR as distributed by MLS GRID #21994121
PriceChange
$219,000
Price decreased by 5%
Aug 12, 2024
Source: MIBOR as distributed by MLS GRID #21994121
PriceChange
$230,000
Price decreased by 4%
Aug 2, 2024
Source: MIBOR as distributed by MLS GRID #21994121
Listed For Sale
$240,000

Market trends in Indianapolis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$257K
$6.7KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$145
$1MoM
Available listings
4241
187MoM

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

Based on information submitted to the MLS GRID as of 2026-09-16 01:38:05 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 5501 Armstrong Dr

  • What is 5501 Armstrong Dr estimated to be worth?
    Trulia's estimated value for 5501 Armstrong Dr in Indianapolis, IN is $247,400.
  • What is the price history for 5501 Armstrong Dr?
    5501 Armstrong Dr in Indianapolis, IN last sold for $205,000 in October 2024.
  • 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 $257K. That is up $6.7K from the prior month.
  • Does 5501 Armstrong Dr have air conditioning?
    Yes, 5501 Armstrong Dr in Indianapolis, IN has air conditioning.
  • Does 5501 Armstrong Dr have laundry facilities?
    Yes, 5501 Armstrong Dr in Indianapolis, IN has laundry facilities.

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