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For sale by owner
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  • $220,000

    5645 Rinehart Ave, Indianapolis, IN 46241

    3beds
    1,372sqft
    : 
    SingleFamily
    Built in 1963
    8,494 Square Feet Lot
    $180,100 Zestimate®
    $160/sqft
    $-- HOA

    What's special

    New bathroom plumbing fixturesPrivate en-suite bathModern electronic door locksFresh interior paintExceptionally large family roomWalk-in closet
    Welcome Home to 5645 Rinehart Avenue — Perfectly positioned near the heart of Speedway, this beautifully renovated 3-bedroom, 2-bath home delivers the kind of square footage and flexibility buyers are actively hunting for—without sacrificing character or comfort. Step inside to an exceptionally large family room, ideal for hosting, relaxing, or creating distinct living zones. The primary suite is a true retreat, featuring a walk-in closet and a private en-suite bath, offering everyday convenience and privacy that’s hard to find at this price point. The home shines with luxury vinyl plank flooring throughout the kitchen, dining area, and bathrooms, paired with fresh interior paint, new bathroom plumbing fixtures, and modern electronic door locks for peace of mind. Behind the walls, the upgrades go even further—the entire plumbing system was replaced during renovation, a major investment that sets this home apart. A large laundry room provides washer and dryer hookups plus generous storage space—functional, practical, and refreshingly spacious. Out back, a sunroom invites morning coffee, evening unwinding, or year-round flex use, while a storage shed conveys with the property for added convenience. The standout feature? A detached two-car garage with power—offering serious upside. Whether you envision a workshop, studio, home gym, or the potential to finish it into a separate living space, apartment, or short term rental hustle, the possibilities here are compelling. Updated. Spacious. Versatile. This is a home that works for today and leaves room to dream bigger tomorrow. Homes with this combination of renovation quality, layout, and bonus space don’t last long—schedule your showing and see the potential for yourself.
    78 days
    |
    196
    |
    1
    |
    Listed by:

    Property Owner (850) 691-8690

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Heat pump, Electric
      Cooling
      • Central
      Appliances
      • Included: Garbage disposal, Range / Oven, Refrigerator
      Features
      • Flooring: Carpet, Laminate
      • Basement: None
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,372 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage - Detached
      Features
      • Exterior features: Vinyl
      Lot
      • Size: 8,494 Square Feet
      Details
      • Parcel number: 491212116030000930

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: TradAmer
      Materials
      • Frame
      • Foundation: Crawl/Raised
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1963

      Community & HOA

      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $160/sqft
      • Tax assessed value: $146,700
      • Annual tax amount: $1,594
      • Date on market: 1/3/2026
      • Contingency: Backup Pending Inspection
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        Estimated market value

        $180,100

        $171,000 - $189,000

        $1,426/mo

        Price history

        Price history
        DateEventPrice
        3/20/2026Sold$180,000+1.7%$131/sqft
        Source: MIBOR as distributed by MLS GRID #22079566 Report a problem
        2/18/2026Pending sale$177,000$129/sqft
        Source: MIBOR as distributed by MLS GRID #22079566 Report a problem
        2/13/2026Price change$177,000-6.8%$129/sqft
        Source: MIBOR as distributed by MLS GRID #22079566 Report a problem
        2/6/2026Price change$189,990-5%$138/sqft
        Source: MIBOR as distributed by MLS GRID #22079566 Report a problem
        1/26/2026Pending sale$199,990$146/sqft
        Source: MIBOR as distributed by MLS GRID #22079566 Report a problem
        1/15/2026Price change$199,990-9.1%$146/sqft
        Source: MIBOR as distributed by MLS GRID #22079566 Report a problem
        1/3/2026Listed for sale$220,000+79.7%$160/sqft
        Source: Owner Report a problem
        10/8/2025Sold$122,450+22.4%$89/sqft
        Source: Public Record Report a problem
        6/30/2017Sold$100,000+6.5%$73/sqft
        Source: MIBOR as distributed by MLS GRID #21479655 Report a problem
        4/23/2017Listed for sale$93,900$68/sqft
        Source: Jeneene West Realty, LLC #21479655 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$1,594 +7.7%$146,700 +2.2%
        2023$1,481 +23.5%$143,500 +7.7%
        2022$1,199 +72.3%$133,200 +19.9%
        2021$696 +34.2%$111,100 +19.2%
        2020$518 -37.9%$93,200 +7.2%
        2019$835 +9.2%$86,900 +6.2%
        2018$764 -63.6%$81,800 +5.4%
        2017$2,099 +20.6%$77,600 +5.3%
        2016$1,742 +17.9%$73,700 +0.1%
        2014$1,477 +156%$73,600 +2.8%
        2013$577 $71,600 +0.7%
        2012$577 $71,100 -11.1%
        2011-- $80,000 -5.9%
        2010$757 -0.1%$85,000 -4.8%
        2009$758 $89,300 -2%
        2007-- $91,100 +4.8%
        2006-- $86,900 +6.9%
        2005-- $81,300
        2004-- $81,300
        2003-- $81,300 +99.8%
        2002-- $40,700 +199.9%
        2001-- $13,570
        2000-- $13,570

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $1,311/mo
        Principal & interest
        $1135
        Property taxes
        $176
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          Climate risks

          Neighborhood: Garden City

          Getting around

          33 / 100
          Some Transit

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Wayne Township

          Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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