$270,0005802 Elaine Street3 bd2 ba1,371 sqft

Sheldon Barnes

(317) 660-5745

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Front exterior at 5802 Elaine Street, Indianapolis, IN

For Sale — 5802 Elaine Street, Indianapolis, IN 46224

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For Sale8 days on market

5802 Elaine Street

Indianapolis, Indiana 46224

Falenders Meadowood

$270,000

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Beds

Baths

1,371

Sq Ft

1962

Year Built

0.3

Acres

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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 5802 Elaine Street in Falenders Meadowood, ask any question about this home, or talk through what you should know about buying in Indianapolis.

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ABOUT THIS HOME

Move-in ready in Speedway, with the updates you need-roof, windows, electrical panel, and fencing-all new in 2021. This all-brick ranch sits on a private, oversized lot just moments from top Speedway schools and parks. Open-concept living spaces are filled with natural light, anchored by a cozy fireplace, and flow effortlessly to a spacious fenced backyard and patio-an ideal space to gather, unwind, or entertain under the stars. Three bedrooms offer flexibility for guests or a home office, while the attached 2-car garage and modern systems provide everyday comfort and peace of mind. Start your next chapter in a turnkey home where convenience, privacy, and value meet. Schedule your private showing today-homes with this much care, space, and Speedway access move fast!

Listed by Loren Long· CENTURY 21 Scheetz· MLS# 22098512

Key things to know

Fireplace
Falenders Meadowood subdivision

Browse by room

6 rooms · 9 photos

Monthly payment

Estimate · $270,000

$1,578/mo

≈ $1,437 principal & interest · $141 tax

Down payment (%)Interest rate (%)Term (yrs)

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $54,000 on a loan of $216,000.

Price history

Listedat $270,000
May 5, 2026

Falenders Meadowood · activity

past 6 months

Sold: 9
Median price: $274,900
Median DOM: 11 days

Recent comparable sales

Same zip · similar size

Comparative value

5 comps in this range

This home is 18% above median for similar nearby sales.

$195K$250KMedian $229K

$270K

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 AccessAttic Pull Down StairsWoodWorkStain/PaintedPaddle FanHi-Speed Internet Availbl

Climate

Heat: Forced AirHeat: Natural GasCool: Central Air

THE FACTS

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

Price history

$270,000Listed· May 5, 2026

8 days on market

Layout

Main

327 rooms1,371 sq ft

Primary bath

Tub Full with Shower

Schools

School Town of Speedway

Neighborhood

Downtown Indianapolis6.2 mi
Zionsville Community HS10.5 mi
Carmel Central Park12.0 mi
Monon Trail (Carmel)12.8 mi
Carmel High School13.3 mi
Carmel Arts & Design District13.9 mi

PROPERTY DETAILS

Combined data from the listing and Hamilton County records

Living Area

1,371 sq ft

Year Built

1962

Stories

One

Subdivision

Falenders Meadowood

Bedrooms

Bathrooms

2 full

Garage

2 spaces

School District

School Town of Speedway