5501 Straw Hat Dr
Indianapolis, IN 46237
South Emerson- 4 Beds
- 1.5 Baths
- 1,456 sqft
4 Beds
1.5 Baths
1,456 sqft
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Living Area
1,456 sqft
Price/Sqft
$139
About this House
THIS IS NOT A SECTION 8 PROPERTY
Come live in this quiet Franklin Township 4-bed 1.5 bath home with great schools! Recently rehabbed with newer vinyl plank flooring, furnace, and central AC unit (a bonus on this block). A newer Barn door separates either a 4th bedroom or use it as a large family room from the eat-in kitchen. W/D connections available. Parking: driveway fits 2 cars and street parking. NO smoking/vaping allowed indoors. Indoor cats only with a max of 2 allowed. Call for details and make an appt to see it today!
THIS IS NOT A SECTION 8 PROPERTY
Tenant is responsible for all utilities which are thru AES/IPL and Citizens Gas. Tenant is responsible for the lawncare upkeep, as well as the snow clearance of the sidewalk of the property. There is NO smoking/vaping allowed inside the property. Only indoor cats are allowed in or on the property, with a $250 non-refundable pet fee per cat as well as $25 a month pet rent per cat per month. 1yr lease to start with.
Come live in this quiet Franklin Township 4-bed 1.5 bath home with great schools! Recently rehabbed with newer vinyl plank flooring, furnace, and central AC unit (a bonus on this block). A newer Barn door separates either a 4th bedroom or use it as a large family room from the eat-in kitchen. W/D connections available. Parking: driveway fits 2 cars and street parking. NO smoking/vaping allowed indoors. Indoor cats only with a max of 2 allowed. Call for details and make an appt to see it today!
THIS IS NOT A SECTION 8 PROPERTY
Tenant is responsible for all utilities which are thru AES/IPL and Citizens Gas. Tenant is responsible for the lawncare upkeep, as well as the snow clearance of the sidewalk of the property. There is NO smoking/vaping allowed inside the property. Only indoor cats are allowed in or on the property, with a $250 non-refundable pet fee per cat as well as $25 a month pet rent per cat per month. 1yr lease to start with.
5501 Straw Hat Dr, Indianapolis, IN 46237 is a 4 bedroom, 2 bathroom, 1,456 sqft single-family home in South Emerson. It last sold for $80,000 on Aug 4, 2020 (5,233% above the $1,500 asking price). More recently, it was listed as a rental in June 2025 with an asking price of $1,825 per month. That rental listing was removed on September 9, 2025. It is currently off market. The Trulia Estimate is $202,500, with a rent estimate of $1,816/month.
Home Details for 5501 Straw Hat Dr
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Heating & Cooling Heating: Forced AirAir ConditioningCooling System: Central Air, Wall Unit, Ceiling FanHeating Fuel: Forced Air |
Appliances & Utilities DishwasherRefrigerator |
Levels, Entrance, & Accessibility Floors: Hardwood |
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Property Type / Style Property Type: Single Family Home |
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Lease Term: 1 Year |
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Parking & Garage Parking: Off Street Parking, On Site |
Price History for 5501 Straw Hat Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 09/09/2025 | $1,500 | ListingRemoved | Zillow Rentals |
| 08/29/2025 | $1,500 | PriceChange | Zillow Rentals |
| 08/18/2025 | $1,550 | PriceChange | Zillow Rentals |
| 07/25/2025 | $1,600 | PriceChange | Zillow Rentals |
| 07/22/2025 | $1,750 | PriceChange | Zillow Rentals |
| 07/07/2025 | $1,775 | PriceChange | Zillow Rentals |
| 06/24/2025 | $1,825 | Listed For Rent | Zillow Rentals |
| 12/14/2020 | $1,150 | ListingRemoved | Agent Provided |
| 12/09/2020 | $1,150 | PriceChange | Agent Provided |
| 11/10/2020 | $1,200 | PriceChange | Agent Provided |
| 10/25/2020 | $1,275 | PriceChange | Agent Provided |
| 10/14/2020 | $1,300 | Listed For Rent | Agent Provided |
| 08/04/2020 | $80,000 | Sold | N/A |
Market trends in Indianapolis
Last updated June 2026
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,510 |
| Assessment | $153,900 |
Home facts updated by county records
Comparable Sales for 5501 Straw Hat Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.05 | Single-Family Home | $201,500 | 01/28/26 | 4 | 1.5 | 1,368 | |
0.09 | Single-Family Home | $212,000 | 07/24/26 | 3 | 1.5 | 1,428 | |
0.05 | Single-Family Home | $179,500 | 12/23/25 | 3 | 1.5 | 936 | |
0.07 | Single-Family Home | $184,900 | 05/06/26 | 3 | 1.5 | 960 | |
0.11 | Single-Family Home | $239,000 | 09/02/25 | 4 | 2 | 2,300 | |
0.06 | Single-Family Home | $183,000 | 03/06/26 | 3 | 1 | 936 | |
0.21 | Single-Family Home | $224,500 | 02/04/26 | 4 | 1.5 | 1,190 | |
0.13 | Single-Family Home | $250,000 | 04/15/26 | 3 | 2 | 1,604 | |
0.13 | Single-Family Home | $219,900 | 02/13/26 | 3 | 1.5 | 1,818 | |
0.22 | Single-Family Home | $252,000 | 08/20/25 | 4 | 2 | 1,652 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 5501 Straw Hat Dr.
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
44 % 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.
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