5540 Aspen Wood Lane

Indianapolis, IN
$ 284,990 Beds 2 Baths 2 Sq 1,495
Monthly Estimate* How much can I afford?

This stunning new construction villa home at 5540 Aspen Wood Lane, Indianapolis offers main-level living with an abundance of well-planned living space! Highlights include 2 bedrooms, 2 full bathrooms, a deluxe owner's bath upgrade, a veranda with an upgrade 6' extension, an electric fireplace in the gathering room, and much more. Step inside to discover an open-concept living space that creates a seamless flow throughout the home, perfect for everyday living and entertaining. The quality of design is evident in every detail, from the carefully selected finishes to the functional floorplan that maximizes comfort and usability. Situated in a welcoming neighborhood with easy access to nearby parks and green spaces, this peaceful setting is ideal for outdoor recreation and relaxation while still offering everyday comfort and convenience. With its practical floorplan and desirable main-level owner's bedroom, 5540 Aspen Wood Lane delivers a comfortable living experience designed to suit a variety of lifestyles. Every element has been crafted with care, offering a space you can truly make your own through personalization and personal touches!

Active

  • Price
  • $ 284,990
  • City
  • Indianapolis
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Franklin
  • Lot Size
  • 0.36 Acres
  • Zip
  • 46239
  • Sqr Footage
  • 1,495
  • Year Built
  • 2026
  • Style
  • MLS#
  • 22105688
Listed By: Jennifer Mencias with M/I Homes of Indiana, L.P.;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air
Cooling Central Air
Utilities Cable Available,Electricity Connected,Natural Gas Available,Sewer Connected,Water Connected
Possession Closing
Appliances Dishwasher,Electric Water Heater,Disposal,Microwave,Gas Oven
HOA Fee 155
Garage Spaces 2
Association Fee Includes Association Home Owners
Patio/Porch Features Covered
Architectural Style Other
Security Features Smoke Detector(s)
Construction Materials Cement Siding,Stone
Year Built 2026
View Trees/Woods
Township Franklin
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Assoc Fee Paid Per Monthly
County Marion
New Construction Yes
Property Type Residential
Association Amenities Maintenance,Playground,Pool,Trail(s)
HOA Yes
Subdivision Name Sagebrook West
Facing Direction Northeast
Garage Y/N Yes
Total Rooms 6
Full Baths 2
Status Active
Directions GPS Friendly
High School Franklin Central High School
City Indianapolis
High School District Franklin Township Com Sch Corp
MLS Area 4906 - Marion - Franklin
Lot Size Square Feet 15730
Property Attached Y/N Yes
Middle/Junior High School Franklin Central Junior High
Property Condition New Construction,Under Construction
Builder Name M/I Homes
Standard Status Active
Tax Lot 83A
Legal Description SAGEBROOK WEST SEC 2 L83A

Interior Features

Interior Amenities Attic Access,Bath Sinks Double Main,Pantry,Smart Thermostat,Walk-In Closet(s)
Total Fireplaces 1
Fireplace Features Electric,Family Room
Basement (Y/N) No
Laundry Features Laundry Room,Main Level
Total Bedrooms 2
Main Level Bedrooms 2
LivingAreaSource Builder
Total Baths 2

Exterior Features

Exterior Amenities Lighting
Parking Features Attached,Garage Door Opener
Lot Features Irregular Lot,Sidewalks
Water Source Public
Foundation Details Slab
Building Area Total 1495
Lot Size Acres 0.36
Waterfront Y/N No
Other Equipment None
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Greenwood, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Franklin Central Junior High
High School Franklin Central High School

Price History

6/2/2026 Listed $329,080
6/10/2026 3% - $319,990
7/30/2026 4% - $307,990
8/10/2026 1% - $304,990
9/15/2026 2% - $299,990
9/22/2026 2% - $294,990
9/25/2026 4% - $284,990

Property vs Zip Code Average in 46239

Price
AVG $350K
$280K
Year Built
AVG 2011
2026
Visits
AVG 86
142
Data Provided by Inside Real Estate®

5540 Aspen Wood Lane Indianapolis, IN is a Single Family Home for sale at $284990 with 1495 sqft and a lot size of 0.36 Acres Acre(s). 5540 Aspen Wood Lane Indianapolis has 2 bedrooms, 2 baths and was built in 2026. The property's zip code is 46239 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.