5508 Pappas Dr, Indianapolis, IN 46237
Property image
Property image
OFF MARKET

$213,200

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,520 sqft

5508 Pappas Dr, Indianapolis, IN 46237

South Emerson
Est. Refi. Payment $1,348/mo*
Refinance Your Home
Currently Off Market - Sold Mar 21, 2013 for $48,251

Home Value

Trulia Estimate
$213K
Since last month
Increased$1K (+0.5%)
Since last year
Increased$3K (+1.2%)
Since last sale
Increased$165K (+341.9%)
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 +82% in the last 10 years
MonthEstimated value
2026
August 2026$213K
August 2026$213K
July 2026$212K
June 2026$214K
May 2026$212K
April 2026$215K
March 2026$212K
February 2026$208K
January 2026$208K
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
5505 Chisolm Trl, Indianapolis, IN
0.06
Single-Family Home
$201,500
01/28/26
4
1.5
1,368
5336 Concho Dr, Indianapolis, IN
0.19
Single-Family Home
$212,000
07/24/26
3
1.5
1,428
5330 Brazos Dr, Indianapolis, IN
0.23
Single-Family Home
$250,000
04/15/26
3
2
1,604
5514 Meckes Ln, Indianapolis, IN
0.23
Single-Family Home
$235,000
10/10/25
3
1.5
1,564
5427 Straw Hat Dr, Indianapolis, IN
0.11
Single-Family Home
$179,500
12/23/25
3
1.5
936
5508 Armstrong Dr, Indianapolis, IN
0.08
Single-Family Home
$208,000
06/25/26
3
1
1,282
5512 Lunsford Dr, Indianapolis, IN
0.20
Single-Family Home
$225,000
11/12/25
3
1.5
1,290
5415 Wagon Wheel Trl, Indianapolis, IN
0.22
Single-Family Home
$219,900
02/13/26
3
1.5
1,818
5304 Wagon Wheel Ct, Indianapolis, IN
0.27
Single-Family Home
$215,000
11/07/25
3
1.5
1,216
5538 Pappas Dr, Indianapolis, IN
0.06
Single-Family Home
$274,000
07/06/26
4
2.5
1,848

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
5513 S Pappas Dr, Indianapolis, IN 46237
0.04
$216,500
3
1.5
1,564
Off Market
5505 Chisolm Trl, Indianapolis, IN 46237
0.06
$201,500
4
1.5
1,368
Recently Sold
5431 E Durango Ct, Indianapolis, IN 46237
0.06
$173,100
3
1
1,028
Off Market
5431 Durango Ct, Indianapolis, IN 46237
0.06
$206,200
3
1
1,028
Off Market
5538 Pappas Dr, Indianapolis, IN 46237
0.06
$274,000
4
2.5
1,848
Recently Sold
5437 Pappas Dr, Indianapolis, IN 46237
0.05
$249,900
3
1.5
1,864
Off Market
5526 E Armstrong Dr, Indianapolis, IN 46237
0.07
$219,500
3
1.5
1,564
Off Market
5418 Chisolm Trl, Indianapolis, IN 46237
0.08
$203,000
3
1
1,016
Off Market
5434 Durango Ct, Indianapolis, IN 46237
0.08
$195,000
3
1
910
Recently Sold
5508 Armstrong Dr, Indianapolis, IN 46237
0.08
$208,000
3
1
1,282
Recently Sold
5414 Armstrong Ct, Indianapolis, IN 46237
0.08
$237,700
3
1.5
1,510
Off Market
5408 Armstrong Ct, Indianapolis, IN 46237
0.09
$265,200
4
2.5
2,308
Off Market

Local Information

  • Map ViewExplore the area around 5508 Pappas Dr.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1974
1,520 sqft
$140/sqft
Garage

About this House

Schedule a tour to see our Cozy and Beautiful Tri-Level 3 Bedroom, Potential 4 Bedroom 2 bath Home, with a beautiful Kitchen and a nice fenced in Yard. We do not accept sect. 8. Must make 3x rental amount, with valid employment history. No evictions or landlord accounts in collections in past 5 years that do not show settlement. Acceptance subject to background, credit, criminal checks. Other terms and conditions apply, please speak with agent regarding additional details

Tenants are responsible for Utilities.
5508 Pappas Dr, Indianapolis, IN 46237 is a 3 bedroom, 2 bathroom, 1,520 sqft single-family home in South Emerson, built in 1974. It last sold for $48,251 on Mar 21, 2013. More recently, it was listed as a rental in January 2020 with an asking price of $1,150 per month. That rental listing was removed on February 11, 2020. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $213,200, with a rent estimate of $1,571/month.

Home Details for 5508 Pappas Dr

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 3Floors: Carpet, Linoleum Vinyl
Interior Details
Number of Rooms: 7Types of Rooms: Breakfast Nook, Family Room
Appliances & Utilities
Dishwasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: OtherExterior: Other, Brick
Parking & Garage
GarageParking Space: 1Parking: Garage Detached, Off Street

Property Information

Year Built
Year Built: 1974Year Updated: 1974
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 9801 sqft

Price and Tax history

DateEventPrice
Feb 11, 2020
Source: Agent Provided
ListingRemoved
$1,150
Jan 31, 2020
Source: Agent Provided
Listed For Rent
$1,150
Mar 21, 2013
Source: MIBOR as distributed by MLS GRID #21213516
Sold
$48,251
Mar 12, 2013
Source: Agent Provided
Pending
$50,000
Jan 31, 2013
Source: Agent Provided
Listed For Sale
$50,000

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 5508 Pappas Dr

  • What is 5508 Pappas Dr estimated to be worth?
    Trulia's estimated value for 5508 Pappas Dr in Indianapolis, IN is $213,200.
  • What is the price history for 5508 Pappas Dr?
    5508 Pappas Dr in Indianapolis, IN last sold for $48,251 in March 2013.
  • 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.
  • How big is the lot at 5508 Pappas Dr?
    The lot at 5508 Pappas Dr in Indianapolis, IN is about 0.23 acres (9,801 sq ft).
  • Does 5508 Pappas Dr have a garage?
    Yes, 5508 Pappas Dr in Indianapolis, IN has a garage.

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Off Market Homes Near 5508 Pappas Dr

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