#22027033, Ngun Til, Listing office: Landtree, REALTORS®
$259,900 List price
5541 Lippan Way Indianapolis, IN 46221
3 beds
2 full, 1 partial
1,700 sqft
0.2 acres
$153 / sqft
House
Property details
About 5541 Lippan Way
Welcome to Lippan Way - where comfort meets convenience and the updates are already done for you. This charming 3-bedroom, 2.5-bath Traditional American two-story checks all the boxes-and then some. Need space? You've got it, with a roomy loft perfect for movie nights, game days, or that home office you keep saying you'll set up. Step inside and notice the love this home's received over the years: A new roof in 2017 (because surprises are great, but not on your ceiling) New windows and a sliding patio door in 2018 for energy efficiency and effortless backyard BBQ access A water softener (2022)-your appliances (and your hair) will thank you A gorgeous new deck (2024) ready for summer lounging And just installed bath exhaust fans (2025)-because fresh air matters The fenced backyard is perfect for pets, playtime, or pretending you're good at gardening. Located in a friendly neighborhood with easy access to shopping, dining, and all things Indy, this one is as move-in ready as it gets. Come see it before someone else does!
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
Size1,700 sqft
Lot size0.18 Acres
Year built1997
MLS #22048205
FireplaceLiving Room
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Microwave, Electric Oven, Refrigerator, Water Softener
- Basement: No
- Interior: Vaulted Ceiling(s), Walk-in Closet(s)
- Fireplace: Living Room
- Total Bedroom Count: 3
- Exterior: Storage Shed
- Architectural Style: TraditonalAmerican
- Heating: Forced Air
- List Price: $259,900
- Price/SqFt: $152
- Annual Tax Amount: $2,461
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1997
- Living Area: 1,700 SqFt
- Lot Size: 0.18 Acres
- MLS Number: 22048205
- MLS Name: MIBOR
- Office Name: Highgarden Real Estate
- Office Email: gmayo@highgarden.com
- Listing Agent: Gregory Mayo
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/2/2025, 8:31:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $221,300 | $2,461 |
| 2022 | $200,100 | $2,239 |
| 2021 | $183,800 | $1,893 |
| 2020 | $167,700 | $1,775 |
| 2019 | $150,000 | $1,625 |
| 2018 | $138,800 | $832 |
| 2017 | $120,800 | $695 |
History based on county public records data.
Nearby schools
6
Blue Academy Elementary School
Public District 1-6
1.3 mi
•5650 Mann Rd
3
Gold Academy Elementary School
Public District 1-6
1.3 mi
•5650 Mann Rd
4
West Newton Elementary School
Public District 1-6
1.4 mi
•7529 Mooresville Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,746. Most Indianapolis, IN residents have annual incomes between $35k-100k. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
17%
<35k
68%
35k-100k
15%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
24%
Single, No Kids
20%
Single, with Kids
26%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
11%
12-17 yrs old
25%
18-34 yrs old
39%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
College Football
Pro Wrestling
Extreme Sports
Where do the neighbors shop?
Best Buy
Express/Express For Men
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Sonic
Little Caesars
What do the neighbors drive?
Ram
Kia
Oldsmobile
What do the neighbors listen to?
Contemporary Christian
New Country
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5541 Lippan Way
The listing price of 5541 Lippan Way property is $259,900.
The property 5541 Lippan Way is a house located in Indianapolis, Indiana, 46221.
Active Listing: 5541 Lippan Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5541 Lippan Way are: Blue Academy Elementary School (GreatSchools Rating 6/10), Gold Academy Elementary School (GreatSchools Rating 3/10), West Newton Elementary School (GreatSchools Rating 4/10), Decatur Middle School (GreatSchools Rating 4/10), Lynhurst 7th & 8th Grade Center (GreatSchools Rating 5/10), Center Grove Middle School North (GreatSchools Rating 7/10), Decatur Central High School (GreatSchools Rating 3/10), Damar Charter Academy (GreatSchools Rating 1/10), Perry Meridian High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $2,461 (source: MLS/based on county public records data).
The property at 5541 Lippan Way has 3 bedrooms and 2 full and 1 half bathrooms.
The property 5541 Lippan Way is 1,700 SqFt (source: MLS/tax record).
The year of construction for 5541 Lippan Way is 1997.
This home is located at 5541 Lippan Way in Indianapolis, IN and zip code 46221 in the Valley Mills neighborhood. This 1,700 square foot home, which was built in 1997, sits on a 0.18 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 1, 2025 and is currently priced at $259,900.
Over 266 listings were sold over their listed price in June 2025 in Indianapolis, IN. In the same period over 527 listings were sold below the listed price and 276 listings were sold for the listed price. The number of listings in Indianapolis, IN decreased by 0.2% between May and June 2025. In June 2025 median list price was $251,183 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.