5534 Aspen Wood Ln, Indianapolis, IN, 46239
About This Home
Welcome to 5534 Aspen Wood Lane in Indianapolis, Indiana — a stunning new construction villa home built by M/I Homes. This thoughtfully designed single-story villa offers 1,495 square feet of well-planned living space. Key Features: 2 bedrooms, 2 bathrooms An electric fireplace in the gathering room An extended veranda A 2-car garage Thoughtful floorplan with quality finishes This villa home showcases an open-concept living space that creates a seamless flow between the main gathering areas, making it ideal for both everyday living and entertaining. The quality of design is evident throughout, with carefully selected finishes and a functional floorplan that maximizes every square foot. Situated in a welcoming neighborhood with a friendly atmosphere, 5534 Aspen Wood Lane shares convenient proximity to parks, offering outdoor recreation and green spaces for the whole family. In addition, you'll have easy access to nearby essentials and everyday conveniences. Built with attention to detail and quality craftsmanship, this M/I home reflects a commitment to superior design and construction standards. The well-balanced floorplan offers comfortable living with a layout that suits a variety of lifestyles. This is a wonderful opportunity to own a brand-new home in a desirable Indianapolis neighborhood. Contact our team to learn more about 5534 Aspen Wood Lane or to schedule your in-person visit!
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: New Construction,Under Construction
- New construction: Yes
- Year built: 2025
Other
- Builder name: M/I Homes
Type & Style
- Home type: Townhouse
- Property subType: Townhouse
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Interior Area
- Total interior livable area: 1,495 sqft
Property
Details
- Parcel number: 491604110005088300
Features
- Levels: 1.0
- Stories: 1
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Inland Flooding
- Tornado
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,506 | $18,072 |
| Home Insurance * | $163 | $1,956 |
| Property Taxes | $443 | $5,316 |
| Electricity | $184 | $2,212 |
| Total | $2,296 | $27,552 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Price change | $299,990 |
| 2026-03-22 | Listed for sale | $332,470 |
| 2025-10-22 | Listing removed | $329,480 |
| 2025-09-14 | Listed for sale | $329,480 |
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