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5642 Grassy Bank Drive, Indianapolis, IN 46237

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For Sale
Sale Pending

$260,000

3 beds • 2 baths • 1,770 sqft

Estimated Payment

$ 1,350 /mo. †

6.76% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $146.89
    Price per square foot

  • 21-30 Years Old
    Age

  • Fireplace
    Heating System

Explore this Property

Well maintained ranch in Waters Edge at Cummins Farms awaits! Popular split floor plan boasting 3 bedrooms and 2 full baths. Upon entering there is formal dining room, great room, or office. The choice is yours! Open concept kitchen/dining combo into living room for spacious entertaining. The primary bath shower was completely remodeled recently. Immaculate landscaping with irrigation system really make the exterior shine! Franklin Township schools and quick interstate access make this location truly special. Don't miss out on this unique opportunity! **Home has been approved for a new roof by insurance!**
MLS# 22020051

Courtesy Of Fathom Realty

(317) 590-8788

Property Features

  • Age
    21-30 Years Old
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Range, Refrigerator, Washer
  • Architecture Style
    Ranch
  • Exterior Type
    Brick
  • Fireplace
    Fireplace
  • Heating System
    Fireplace
  • Lot Size
    0.16 Acres
  • Rooms
    Dining Room, Kitchen, Living Room

Map and Directions

Directions to 5642 Grassy Bank Drive, Indianapolis, IN 46237

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 881-2100
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,350
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,350

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Edgewood Intermediate School

Grades 4-6 Public School

Indianapolis, IN 46239 0.9 miles
7620 e edgewood ave

1181 total students
15:1 Student teacher ratio

School Rating: C

School Details

Thompson Crossing Elementary School

Grades KG-3 Public School

Indianapolis, IN 46239 0.9 miles
7525 e thompson rd

623 total students
19:1 Student teacher ratio

School Rating: C-

School Details

Franklin Central Junior High School

Grades 7-8 Public School

Indianapolis, IN 46259 3.6 miles
10440 indian creek rd s

1680 total students
20:1 Student teacher ratio

School Rating: B

School Details

Franklin Central High School

Grades 9-12 Public School

Indianapolis, IN 46259 1.8 miles
6215 s franklin rd

3064 total students
21:1 Student teacher ratio

School Rating: B

School Details
Other Nearby Schools Distance Type Grades School Rating
Lutheran High School Of Indianapolis 0.8 miles Private 9-12
Arlington Elementary School 0.9 miles Public KG-3 C-
Bunker Hill Elementary School 1.2 miles Public KG-3 C
Kitley Intermediate School 2.1 miles Public 4-6
Lillie Idella Kitley Intermediate School 2.1 miles Public 4-6 B
Beech Grove High School 2.3 miles Public 9-12 D-
South Creek Elementary School 2.3 miles Public KG-3 B
Hornet Park Elementary School 2.3 miles Public PK-1
Nativity Catholic School 2.4 miles Private PK-8
Jeremiah Gray Elementary School 2.5 miles Public 1-5 B
Mary Adams Elementary School 2.5 miles Public KG-3 B
Gray Road Christian School 2.7 miles Private PK-5
South Grove Intermediate School 2.7 miles Public 4-6 D+
Southport Presbyterian Christian School 2.8 miles Private PK-5
St John Evangelical Lutheran School 3 miles Private PK-8
Jeremiah Gray Kindergarten Academy 3.1 miles Public KG

Lutheran High School Of Indianapolis

Distance: 0.8 miles

Type Private

Grades: 9-12

Arlington Elementary School

Distance: 0.9 miles

Type Public

Grades: KG-3

C-

Bunker Hill Elementary School

Distance: 1.2 miles

Type Public

Grades: KG-3

C

Kitley Intermediate School

Distance: 2.1 miles

Type Public

Grades: 4-6

Lillie Idella Kitley Intermediate School

Distance: 2.1 miles

Type Public

Grades: 4-6

B

Beech Grove High School

Distance: 2.3 miles

Type Public

Grades: 9-12

D-

South Creek Elementary School

Distance: 2.3 miles

Type Public

Grades: KG-3

B

Hornet Park Elementary School

Distance: 2.3 miles

Type Public

Grades: PK-1

Nativity Catholic School

Distance: 2.4 miles

Type Private

Grades: PK-8

Jeremiah Gray Elementary School

Distance: 2.5 miles

Type Public

Grades: 1-5

B

Mary Adams Elementary School

Distance: 2.5 miles

Type Public

Grades: KG-3

B

Gray Road Christian School

Distance: 2.7 miles

Type Private

Grades: PK-5

South Grove Intermediate School

Distance: 2.7 miles

Type Public

Grades: 4-6

D+

Southport Presbyterian Christian School

Distance: 2.8 miles

Type Private

Grades: PK-5

St John Evangelical Lutheran School

Distance: 3 miles

Type Private

Grades: PK-8

Jeremiah Gray Kindergarten Academy

Distance: 3.1 miles

Type Public

Grades: KG

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Indianapolis, IN 46237

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Indianapolis, IN 46237

This community’s employment is highest in the healthcare practitioners and administrative support industries. The area’s overall household expenses are above the national average.

85° July
Hottest Average Month
18° January
Coldest Average Month
17,221 Total Households in Area
-1.1% Increase in population since the year 2010
27.5%
of households
have children
24 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Indianapolis, IN 46237

Indianapolis, IN 46237 has a population of 44,530 people in 17,221 households with a median age of 38.5 years old.

-1.1%
Decrease in population
since the year 2010
Population is Trending down
17,313
Total households as of 2010
3.3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 38.5 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 71%
Asian 12%
Hispanic 8%
Black 5%
Other 4%
Native American <1%
The most prevalent ethnicity is White at 71%, followed by Asian at 12%, Hispanic at 8%, and Black at 5%.

Economics
for Indianapolis, IN 46237

2,997 /sq mi
Population Density
$74,721 /yr
Median Household Income
$266,875
Median Sales Price
24 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 22.4% of the households.

Transportation to Work

  • Drive 91%
  • Work from Home 7%
  • Walk or Bike 1%
  • Public Transit 0%

Occupancy by Type

Owned 12,195 68%
Rented 5,025 28%
Vacant 730 4%

White vs Blue Collar Jobs







White Collar 76%
Blue Collar 24%

Family & Education Facts
for Indianapolis, IN 46237

38.5 Median Age

Average Household Size

2.6
persons per
household

50.9%

Married Households

Community Population By Education

High School Graduate 27%
Bachelors Degree 24%
Some College 18%
Graduate Degree 12%
Some High School 10%
Associates Degree 9%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 27.06% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
27.5% of households have children

Weather
for Indianapolis, IN 46237

The weather for this area ranges from a high of 85° F in July to a low of 18° F in January

85° July
Hottest Average Month
18° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
18°
35°
Feb
21°
39°
Mar
30°
50°
Apr
41°
62°
May
51°
73°
Jun
60°
82°
Jul
64°
85°
Aug
62°
84°
Sep
54°
78°
Oct
43°
66°
Nov
33°
52°
Dec
23°
39°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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