HomeAboutServicesSearchAI ToursListingsMarket ActivityBlogContact
$419,0005225 Lava Lane
For Sale19 days on market

5225 Lava Lane

Indianapolis, Indiana 46237

Boulders

$419,000

$449,000

Schedule a Showing

4

Beds

3

Baths

4,121

Sq Ft

1977

Year Built

0.79

Acres

Sheldon Barnes, Carmel Realtor

Schedule a tour or ask a question

Sheldon Barnes can help you tour 5225 Lava Lane

Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 5225 Lava Lane in Boulders, ask any question about this home, or talk through what you should know about buying in Indianapolis.

Follow

ABOUT THIS HOME

An exceptional opportunity awaits at 5225 Lava Ln in Indianapolis. This single-family residence sits on a rare double corner lot and offers the kind of space and flexibility that is increasingly hard to find. With over 3,500 square feet, five bedrooms, and three full bathrooms, you are stepping into a property that has the size, layout, and bones to become something truly special. The home does need some TLC, but that is exactly where the upside lives. Whether you are an investor looking for your next value-add project or a buyer ready to build equity while making a home your own, this property gives you room to execute your vision. The layout supports both everyday living and future improvements, with expansive living areas that can be reimagined to match today's preferences. One of the standout features is the additional 4-car garage/workshop, offering incredible potential for storage, business use, hobbies, or even future conversion ideas. The large lot, just under an acre, provides space for outdoor living, expansion, or simply enjoying the privacy that comes with a property of this size. Built in 1977, the home reflects a solid structure and established presence, ready for its next chapter. Opportunities like this do not come around often-where you can combine square footage, lot size, and improvement potential into one purchase. If you are looking for a property where effort can translate directly into value, this is one worth serious consideration.

Listed by Raymond Modglin· The Modglin Group· MLS# 22096072

Key things to know

  • Double corner lot with extra 4-car garage or workshop
  • Four bedrooms and three bathrooms
  • Wet bar and walk-in closets
  • Nearly 0.8 acres of private outdoor space

Browse by room

4 rooms · 4 photos

Monthly payment

Estimate · $419,000

$2,666/mo

$2,230 principal & interest · $436 tax

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $83,800 on a loan of $335,200.

Price history

  1. Listedat $449,000

    Apr 16, 2026

Comparative value

5 comps in this range

This home is right at the median for similar nearby sales.

$377K$715KMedian $423K
$419K

Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.

FEATURES & AMENITIES

Interior

Attic Pull Down StairsBreakfast BarEntrance FoyerPaddle FanWalk-In Closet(s)Wet Bar

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $449,000Listed· Apr 16, 2026

19 days on market

Layout

Main
17 rooms1,736 sq ft
Upper
425 rooms1,764 sq ft
Basement
1 rooms621 sq ft finished

Primary suite

Closet Walk in,Fireplace

Primary bath

Sinks Double,Tub Full with Separate Shower

Schools

Franklin Community School Corp

    Neighborhood

    • Downtown Indianapolis7.8 mi
    • Monon Trail (Carmel)19.8 mi
    • IU Health North Hospital20.0 mi
    • Carmel High School20.5 mi
    • Fishers High School20.6 mi
    • Carmel Central Park20.7 mi

    PROPERTY DETAILS

    Combined data from the listing and Hamilton County records

    Living Area

    4,121 sq ft

    Year Built

    1977

    Stories

    Multi/Split

    Subdivision

    Boulders

    Bedrooms

    4

    Bathrooms

    3 full

    Garage

    4 spaces

    School District

    Franklin Community School Corp

    Powered by Ackee.ai