This home has been refreshed throughout and is truly move-in ready. The main level offers an open layout with new LVP flooring, fresh paint, updated lighting, and a clean, updated kitchen with white cabinets and stainless steel appliances. It's a bright, flexible space that works well for everyday living or hosting. Upstairs features a large loft, convenient second-floor laundry, and a spacious primary suite with vaulted ceilings and two walk-in closets-a rare amount of storage at this price point. Bedrooms are all generously sized and easy to furnish. Out back, the brand-new concrete patio gives you a solid start for an outdoor setup overlooking a tree-lined yard. Add seating, a grill, or a firepit and you're ready to enjoy the space right away. Located on a quiet street in Decatur Ridge with quick access to grocery stores, parks, schools, and major roads. With over 2,100 sq ft, practical updates, and a private backyard feel, this is one of the best values in Decatur Township. Come see how much home you get here.
Active
Price cut: $6K (1/10)
$279,000
5548 Fair Ridge Pl, Indianapolis, IN 46221
3beds
2,147sqft
Est.:
Residential, Single Family Residence
Built in 2001
5,662.8 Square Feet Lot
$-- Zestimate®
$130/sqft
$38/mo HOA
What's special
Large loftConvenient second-floor laundryTree-lined yardSpacious primary suiteBright flexible spaceVaulted ceilingsQuiet street
- 174 days |
- 518 |
- 32 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: January 15, 2026 at 08:09am
Listing Provided by:
Chelsi Kitchen 317-697-5551,
Highgarden Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22047783
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 285 Square Feet
- Dimensions: 19x15
Bedroom 2
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 3
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 10x11
Breakfast room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Kitchen
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Laundry
- Level: Upper
- Area: 40 Square Feet
- Dimensions: 8x5
Library
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 10x11
Living room
- Level: Main
- Area: 256 Square Feet
- Dimensions: 16x16
Loft
- Level: Upper
- Area: 285 Square Feet
- Dimensions: 19x15
Heating
- Forced Air, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Electric Oven, Refrigerator, Electric Water Heater, Water Purifier
- Laundry: Connections All, Upper Level
Features
- Attic Access, Built-in Features, Vaulted Ceiling(s), Walk-In Closet(s), Pantry
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 2,147
- Total interior livable area: 2,147 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
Lot
- Size: 5,662.8 Square Feet
- Features: Sidewalks, Street Lights, Mature Trees
Details
- Parcel number: 491302106008000200
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Brick
- Foundation: Slab
Condition
- Updated/Remodeled
- New construction: No
- Year built: 2001
Utilities & green energy
- Water: Public
Community & HOA
Community
- Security: Security System Owned
- Subdivision: Decatur Ridge
HOA
- Has HOA: Yes
- Services included: Maintenance, ParkPlayground
- HOA fee: $450 annually
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $130/sqft
- Tax assessed value: $259,600
- Annual tax amount: $2,492
- Date on market: 8/1/2025
- Cumulative days on market: 175 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/10/2026 | Price change | $279,000-2.1%$130/sqft |
Source:  MIBOR as distributed by MLS GRID #22047783 Report a problem | ||
| 10/14/2025 | Price change | $285,000-1.7%$133/sqft |
Source: MIBOR as distributed by MLS GRID #22047783 Report a problem | ||
| 9/11/2025 | Price change | $290,000-5.5%$135/sqft |
Source: MIBOR as distributed by MLS GRID #22047783 Report a problem | ||
| 8/1/2025 | Listed for sale | $307,000+123.3%$143/sqft |
Source: MIBOR as distributed by MLS GRID #22047783 Report a problem | ||
| 7/11/2006 | Sold | $137,500$64/sqft |
Source: MIBOR as distributed by MLS GRID #2572096 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,741 +10% | $259,600 +5.4% |
| 2023 | $2,492 +21.6% | $246,300 +10.7% |
| 2022 | $2,050 +2.8% | $222,500 +23.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,715/mo
Principal & interest
$1356
Property taxes
$223
Other costs
$136
Climate risks
Neighborhood: Valley Mills
Nearby schools
GreatSchools rating
- 5/10Valley Mills Elementary SchoolGrades: K-6Distance: 0.8 mi
- 4/10Decatur Middle SchoolGrades: 7-8Distance: 0.6 mi
- 3/10Decatur Central High SchoolGrades: 9-12Distance: 0.5 mi
