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Single Family ResidenceResidential
$248,395$148 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $225,000 on Jan 16, 2025

5507 GATEWAY DR

INDIANAPOLIS, IN 46254
3
Beds
1
Baths
1,680 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.26 ac
Lot SizeThe size of the land the home sits on, from county records.
1963
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
8
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$248K
$219K low$278K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$225,000 · Jan 16, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,355 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$141,400 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$15,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$125,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$141,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$141,400

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMarion
Lot (acres)The size of the land the home sits on, from county records.0.26
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 100 ft²

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Enlace AcademyF
Elementary · Grades KG–8 · 0.3 mi
H
George Washington High School
High · Grades 9–12 · 5.1 mi

District: Enlace Academy

Neighborhood · ZIP 46254These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.104
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.109
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.37

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.22%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.14%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.40,937
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,930 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$61,996
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$80,830
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

5507 Gateway Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 87% of homes in Northwest High School
  • Bigger than 75% of homes in Northwest High School
  • Has a bigger lot than 87% of homes in Northwest High School
  • Older than 93% of homes in Indianapolis 46254

What homes are worth in Indianapolis 46254

Each bar is how many homes fall in that price range. The marker is this home.

This home
$72K$457K

This home is worth more than 74% of homes in Indianapolis 46254.

How it measures up in Indianapolis 46254

The dot is this home. The mark in the middle is the typical home in Indianapolis 46254.

Estimated value$248,395
CheaperTypical $217,959Pricier

Pricier than 74% of homes nearby

Price per ft²$148
CheaperTypical $146Pricier

Pricier than 53% of homes nearby

Living area1,680 ft²
SmallerTypical 1,452 ft²Bigger

Bigger than 68% of homes nearby

Lot size0.26 ac
SmallerTypical 0.16 acBigger

Bigger than 81% of homes nearby

Year built1963
OlderTypical 1990Newer

Newer than 7% of homes nearby

How 5507 Gateway Dr ranks against every home in each area.
MeasureThis homeNorthwest High SchoolIndianapolis 46254Marion County
Estimated valuepricier than$248,39587% of homes74% of homes58% of homes
Price per ft²pricier than$14863% of homes53% of homes50% of homes
Living areabigger than1,680 ft²75% of homes68% of homes60% of homes
Lot sizebigger than0.26 ac87% of homes81% of homes65% of homes
Year builtnewer than196335% of homes7% of homes52% of homes

About 5507 Gateway Dr

How much is 5507 Gateway Dr, Indianapolis, IN worth?

The TopHap Estimate for 5507 Gateway Dr, Indianapolis, IN is $248,395 as of Sep 24, 2026. The likely range is $218,561 to $278,229. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5507 Gateway Dr, Indianapolis, IN last sell?

5507 Gateway Dr, Indianapolis, IN last sold on Jan 16, 2025 for $225,000, according to the county's recorded deed.

How big is 5507 Gateway Dr, Indianapolis, IN?

5507 Gateway Dr, Indianapolis, IN has 3 bedrooms, 1 bathrooms, 1,680 square feet of living space and a 0.26-acre lot.

When was 5507 Gateway Dr, Indianapolis, IN built?

5507 Gateway Dr, Indianapolis, IN was built in 1963, making it 63 years old. The building has 2 stories.

What schools serve 5507 Gateway Dr, Indianapolis, IN?

5507 Gateway Dr, Indianapolis, IN is assigned to Enlace Academy (elementary), rated F; George Washington High School (high). All sit in Enlace Academy. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5507 Gateway Dr, Indianapolis, IN compare to other homes in Indianapolis 46254?

Among the 9,883 homes in Indianapolis 46254, it is worth more than 74% of them ($248,395 against a typical $217,959), its price per square foot is higher than 53% of them ($148 against a typical $146), it is bigger than 68% of them (1,680 ft² against a typical 1,452 ft²), its lot is bigger than 81% of them (0.26 ac against a typical 0.16 ac) and it is newer than 7% of them (1963 against a typical 1990). Measured against all of Marion County, it is worth more than 58% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5507 Gateway Dr, Indianapolis, IN?

The 2024 property tax bill for 5507 Gateway Dr, Indianapolis, IN was $3,355. The county assessed it at $141,400.

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Assigned schools

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