




5532 Aspen Wood Ln, Indianapolis, IN, 46239
About This Home
Discover this beautifully crafted new construction home at 5532 Aspen Wood Lane in Indianapolis, built by M/I Homes. This thoughtfully designed 1,628 square foot home offers comfortable living with quality craftsmanship throughout. Key Features: 2 bedrooms, 2.5 bathrooms Extended veranda Electric fireplace Owner's en-suite bathroom with a dual-sink vanity Low-maintenance living The home features an open-concept living space that seamlessly connects the main areas, creating an inviting atmosphere for daily living and entertaining. The floorplan includes 2 spacious bedrooms and 2 full bathrooms. This new construction home showcases quality design with attention to detail in every room. The thoughtful floorplan maximizes space efficiency while maintaining functionality for everyday living. Fresh finishes and careful construction make this an ideal choice for those seeking a Quick Move-In home. The neighborhood offers excellent proximity to parks, providing convenient access to outdoor recreation and green spaces. The area's well-planned layout creates a welcoming environment for residents seeking a balance of comfort and convenience. With its combination of practical features, quality construction, and desirable location near parks, this Indianapolis home represents an excellent opportunity for homebuyers looking for contemporary living in a sought-after neighborhood. Contact our team to learn more about 5532 Aspen Wood Lane!
Getting Around
Schools
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: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Interior Area
- Total interior livable area: 1,628 sqft
Property
Details
- Parcel number: 491604110005089300
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 | $1,516 | $18,192 |
| Home Insurance * | $165 | $1,980 |
| Property Taxes | $540 | $6,480 |
| Electricity | $184 | $2,212 |
| Total | $2,405 | $28,860 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
How 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 | $304,990 |
| 2026-03-18 | Listed for sale | $340,920 |
| 2025-10-22 | Listing removed | $337,930 |
| 2025-09-14 | Listed for sale | $337,930 |
