5415 Grassy Bank Drive

Indianapolis, IN
$ 341,000 Beds 4 Baths 2.5 Sq 2,798
Monthly Estimate* How much can I afford?

Welcome to this spacious and well-maintained Spacious 4 bed, 2.5 bath, 2,800 sq ft home in Franklin Township with top schools and easy Indianapolis commute. Oversized primary suite complete with a walk-in closet and a private bath featuring a full tub and shower. This two-level home features a functional and inviting layout designed for both everyday living and entertaining. The main level showcases durable laminate flooring throughout, with multiple living areas including a generously sized living room and a separate family room, providing flexibility for relaxation or hosting guests, a huge loft, eat-in kitchen, formal dining, main-level office, and fenced yard with patio and gazebo. Step outside to enjoy the fully fenced backyard, offering plenty of space for outdoor activities, pets, or entertaining. The open patio and gazebo create a great setting for relaxing evenings or weekend gatherings. All appliances stay. Located within Franklin Township schools and just minutes from shopping, dining, and everyday conveniences, this home offers the perfect blend of space, comfort, and location.

Active

  • Price
  • $ 341,000
  • City
  • Indianapolis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • MARION
  • Half Bathrooms
  • 1
  • Area
  • Franklin
  • Lot Size
  • 0.18 Acres
  • Zip
  • 46237
  • Sqr Footage
  • 2,798
  • Year Built
  • 2004
  • Taxes
  • $ 3114
  • Style
  • Traditional
  • MLS#
  • 22122710
Listed By: Uk Mang with Keller Williams Indy Metro Partners;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air,Natural Gas
Cooling Central Air
Possession Closing
Appliances Electric Cooktop,Dishwasher,Dryer,Disposal,Gas Water Heater,Microwave,Electric Oven,Refrigerator,Washer
HOA Fee 290
Garage Spaces 2
Patio/Porch Features Gazebo
Architectural Style Traditional
Security Features Smoke Detector(s)
Construction Materials Brick,Vinyl With Brick
Year Built 2004
Township Franklin
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Assoc Fee Paid Per Annually
County Marion
New Construction No
Property Type Residential
HOA Yes
Subdivision Name Waters Edge
Garage Y/N Yes
Total Rooms 11
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District Franklin Township Com Sch Corp
MLS Area 4906 - Marion - Franklin
Lot Size Square Feet 7711
Elementary School New Bethel Elementary
Property Attached Y/N No
Standard Status Active
Tax Lot 491502109007000300
Legal Description Waters Edge At Cummins Farm Sec 1 L 3

Interior Features

Interior Amenities Attic Access,Bath Sinks Double Main,Breakfast Bar,High Ceilings,Entrance Foyer,Paddle Fan,Wired for Data,Pantry,Walk-In Closet(s),Kitchen Island
Total Fireplaces 1
Fireplace Features Family Room,Gas Log,Living Room
Basement (Y/N) No
Half Baths 1
Laundry Features Connections All,Laundry Room,Main Level
Total Bedrooms 4
LivingAreaSource Assessor
Total Baths 3

Exterior Features

Fencing Fence Complete
Parking Features Attached
Water Source Public
Foundation Details Slab
Building Area Total 2798
Lot Size Acres 0.18
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 New Bethel Elementary
Middle School Unknown Middle School
High School Unknown High School

Price History

8/27/2026 Listed $345,000
9/8/2026 2% - $341,000

Property vs Zip Code Average in 46237

Price
AVG $350K
$340K
Taxes
AVG $3,458
$3,114
Year Built
AVG 1995
2004
Visits
AVG 64
31
Data Provided by Inside Real Estate®

5415 Grassy Bank Drive Indianapolis, IN is a Single Family Home for sale at $341000 with 2798 sqft and a lot size of 0.18 Acres Acre(s). 5415 Grassy Bank Drive Indianapolis has 4 bedrooms, 2 baths and was built in 2004. The property's zip code is 46237 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.