5507 Gainesway Drive

Greenwood, IN
$ 340,000 Beds 4 Baths 2.5 Sq 2,196
Monthly Estimate* How much can I afford?

Welcome to this beautifully updated 4-bedroom, 2.5-bath home in Wakefield! Offering just under 2,200 square feet of living space, this home combines stylish updates with exceptional outdoor living. The updated kitchen features quartz countertops and new cabinetry, creating a fresh and functional space for everyday living and entertaining. Updated flooring extends throughout the main level, while brand-new carpet upstairs adds a fresh feel to the bedrooms and living areas. The 3-car garage provides plenty of room for vehicles, storage, and more. Step outside to enjoy the fully fenced backyard, complete with an in-ground heated pool an ideal setting for relaxing, entertaining, and enjoying the warmer months. An irrigation system helps keep the yard looking its best. Located in the Wakefield subdivision, this home offers a desirable combination of updated interior spaces, versatile living areas, and impressive outdoor amenities. Don't miss the opportunity to make this move-in-ready Center Grove home your own!

Active

  • Price
  • $ 340,000
  • City
  • Greenwood
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • JOHNSON
  • Half Bathrooms
  • 1
  • Area
  • White River
  • Lot Size
  • 0.48 Acres
  • Zip
  • 46142
  • Sqr Footage
  • 2,196
  • Year Built
  • 2000
  • Taxes
  • $ 2718
  • Style
  • Traditional
  • MLS#
  • 22119120
Listed By: Ray Podesta with Stone & Gable Realty;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Conversion
Cooling Central Air
Possession Negotiable
Appliances Dishwasher,Disposal,Gas Water Heater,MicroHood,Electric Oven,Refrigerator,Microwave,Washer,Dryer
HOA Fee 350
Garage Spaces 3
Association Fee Includes Entrance Common,Maintenance,ParkPlayground,Management,Walking Trails
Patio/Porch Features Covered
Architectural Style Traditional
Pool Features Fenced,Heated,In Ground,Outdoor Pool
Security Features Smoke Detector(s)
Construction Materials Vinyl With Brick,Brick
Year Built 2000
View Pond,Trees/Woods
Township White River
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Assoc Fee Paid Per Annually
County Johnson
New Construction No
Property Type Residential
Association Amenities Maintenance,Park,Playground,Management,Trail(s)
HOA Yes
Subdivision Name Wakefield
Garage Y/N Yes
Total Rooms 9
Full Baths 2
Status Active
Directions GPS Friendly
High School Center Grove High School
City Greenwood
High School District Center Grove Community School Corp
MLS Area 4101 - Johnson - White River
Lot Size Square Feet 20909
Elementary School Pleasant Grove Elementary School
Property Attached Y/N No
Current Financing Conventional,FHA,VA
Middle/Junior High School Center Grove Middle School Central
Property Condition Updated/Remodeled
Additional Parcels Y/N No
Standard Status Active
Tax Lot 1
Legal Description Wakefield Sec 1 Lot 1

Interior Features

Interior Amenities Vaulted Ceiling(s),Entrance Foyer,Hi-Speed Internet Availbl,Eat-in Kitchen,Walk-In Closet(s),Pantry,Bath Sinks Double Main,Breakfast Bar,Kitchen Island
Basement (Y/N) No
Half Baths 1
Laundry Features Main Level,Laundry Room
Total Bedrooms 4
LivingAreaSource Assessor
Total Baths 3

Exterior Features

Exterior Amenities Sprinkler System
Fencing Chain Link,Full
Parking Features Attached
Lot Features Corner Lot,Sidewalks,Mature Trees
Water Source Public
Foundation Details Slab
Spa No
Building Area Total 2196
Lot Size Acres 0.48
Waterfront Y/N No
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 Columbus, 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 Pleasant Grove Elementary School
Middle School Center Grove Middle School Central
High School Center Grove High School

Price History

8/8/2026 Listed $350,000
8/28/2026 2% - $345,000
9/18/2026 2% - $340,000

Property vs Zip Code Average in 46142

Price
AVG $340K
$340K
Taxes
AVG $2,893
$2,718
Year Built
AVG 1975
2000
Visits
AVG 64
51
Data Provided by Inside Real Estate®

5507 Gainesway Drive Greenwood, IN is a Single Family Home for sale at $340000 with 2196 sqft and a lot size of 0.48 Acres Acre(s). 5507 Gainesway Drive Greenwood has 4 bedrooms, 2 baths and was built in 2000. The property's zip code is 46142 which is in Greenwood, 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.