NEW 17 HRS AGO

For sale

$499,900

Est. $3,172/mo —

•

3,690

sq ft

5311 E Michigan Rd, Waldron, IN 46182

About this home

Discover a unique opportunity with this property. This distinguished 4 corner single-family residence, built in 1920, offers an expansive 3090 square feet of living space, presenting a canvas for a truly personalized lifestyle. This property provides a rare blend of historical character and generous proportions, set on a substantial 4.21 acre lot. The residence encompasses four well-proportioned bedrooms, providing ample private retreats for family and guests. With two full bathrooms, convenience and comfort are thoughtfully integrated into the home's design. Spanning 2.5 stories, this property offers a dynamic living experience with distinct levels for various activities and moments of repose. This multi-level layout contributes to the home's unique flow and potential for diverse living arrangements. Large barn with electric and concrete floors for storage or play. Smoke house is taking a walk back in history with its now unusable fireplace, and loft. AND, concrete pad basketball court. Embrace the potential of this exceptional property and envision your future within its welcoming embrace.

Single-familyProperty Type

1920Year Built

4.21 acresLot Size

$135Price/Sq.Ft.

2 car garageParking

Listed by Connie Lindsay • Lindsay Real Estate

Listing updated: Oct 8, 2026 at 06:24pm

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #22130593

Payment calculator

$3,172 per month

Principal and interest$2,796

Property taxes

$197

HOA dues

Home insurance

$179

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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$249,999
3 beds2 baths1,350 sq ft
2060 Black Oak Dr, Shelbyville, IN 46176
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$274,999
4 beds2.5 baths1,958 sq ft
2051 Black Oak Dr, Shelbyville, IN 46176
OPEN SAT, 11AM TO 5:30PM
$289,999
4 beds2.5 baths2,119 sq ft
2039 Black Oak Dr, Shelbyville, IN 46176
OPEN SAT, 12PM TO 2PM
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3 beds2.5 baths1,590 sq ft
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OPEN SAT, 3PM TO 5PM3D WALKTHROUGH
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Around this home

Schools

K - 12
Preschool & daycare

Waldron Elementary School

Public PreK-5 • Assigned • 2.4mi

7/10

Waldron Jr-Senior High School

Public 6-12 • Assigned • 2.1mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

5311 E Michigan Rd · $499,900

DAYS ON MARKET

The average home goes pending in 30 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median sale price in this area is $265,000. (47% lower than this home)

PRICE DROP

25% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Breakfast bar
Pantry
Stained woodwork
Attic stairway

Bedrooms
Four bedrooms on the upper level
Walk-in closet in the primary bedroom

Bathrooms
Two full bathrooms: one on the main level and one on the upper level
Primary bathroom with a tub and shower

Kitchen
Gas cooktop
Dishwasher
Oven
Double oven
Refrigerator

Laundry & utility
Main-level laundry room with washer and dryer connections

Flooring
Hardwood flooring

Heating & cooling
Forced-air heating
Propane heating
Central air conditioning

Sale and tax history for 5311 E Michigan Rd

Sale History
Tax History

Date

Event

Price

MIBOR as Distributed by MLS Grid #22130593

Oct 8, 2026

Listed

$499,900

$135/sq ft

MIBOR as Distributed by MLS Grid #21566372

Jun 29, 2018

Sold

$295,000

$80/sq ft

May 22, 2018

Pending

—

May 21, 2018

Listed

$299,900

$81/sq ft

+41

Beautiful 4 square built in 1920 has been well preserved & offers all of the charm you would expect in a historic home. This 4 bedroom, 2 bath home offers over 4 acres of ground. Original hardwood flooring, doors and woodwork adron the main living areas. The kitchen has been updated with maple cabinets, granite countertops, metallic backsplash & professional gas cooktop, double ovens, side by side refrigerator all which remain with the home. Updated master bathroom w/dbl sinks, tub/shower combo w/custom tile walls. Finished attic is perfect for rec rm or guest rm. Fully operational smoke house attached to the home. New roof on home & outbuildings. Barn is HUGE & offers full attic space. Dual furnaces & A/C systems. Poured basketball court.

MIBOR as Distributed by MLS Grid #21299611

Sep 2, 2014

Listing Removed

—

Sep 2, 2014

Sold

$195,000

$53/sq ft

Jun 23, 2014

Listed

$195,000

$53/sq ft

MIBOR as Distributed by MLS Grid #21114056

Nov 15, 2011

Listing Removed

—

Mar 28, 2011

Listed

$145,000

$39/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,359 (−3.0%)

$49,400 + $246,000

$295,400

2024

$2,432 (+4.0%)

$49,400 + $221,900

$271,300

2023

$2,339 (−2.7%)

$49,400 + $213,500

$262,900

2022

$2,404 (+20.6%)

$49,400 + $203,000

$252,400

2021

$1,993 (+6.8%)

$49,400 + $199,000

$248,400

2020

$1,866 (+1.5%)

$49,400 + $165,900

$215,300

2019

$1,838 (+150.5%)

$49,400 + $159,100

$208,500

2018

$734 (+59.6%)

$48,900 + $160,300

$209,200

2017

$460 (−36.7%)

$44,100 + $127,700

$171,800

2016

$726 (+2.5%)

$44,100 + $127,700

$171,800

2015

$708 (−37.2%)

$44,100 + $124,100

$168,200

2013

$1,128

$44,100 + $121,200

$165,300

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

4.21 Acres

Year renovated

1949

Finished Sq. Ft.

3,090

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,090

Year built

1920

Style

Single Family Residential

County

Shelby County

APN

73-12-19-100-002.000-011

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 5, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 101° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Waldron, IN • 46182

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.6 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.6 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 5311 E Michigan Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $344,990 and $499,900.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $345K to $500K.

SOLD JUN 3, 2026
$449,900 Last sold price
3 beds2 baths3,384 sq ft
5671 E 350 S, Waldron, IN 46182
$2/sq ft
larger lot
20 years older
SOLD APR 30, 2026
$466,000 Last sold price
4 beds3 baths2,899 sq ft
1181 S 350 E, Shelbyville, IN 46176
$26/sq ft
smaller lot
58 years newer
SOLD AUG 6, 2026
$344,990 Last sold price
3 beds2.5 baths2,755 sq ft
2321 Bear Oak Run, Shelbyville, IN 46176
$10/sq ft
smaller lot
106 years newer
SOLD JUL 23, 2026
$365,050 Last sold price
5 beds3 baths2,600 sq ft
1224 Aster Way, Shelbyville, IN 46176
$5/sq ft
smaller lot
106 years newer
SOLD DEC 11, 2025
$499,900 Last sold price
3 beds2 baths3,079 sq ft
6675 E 425 S, Waldron, IN 46182
$27/sq ft
smaller lot
40 years newer
SOLD MAY 20, 2026
$370,000 Last sold price
3 beds3 baths2,616 sq ft
1812 S Clark Rd, Shelbyville, IN 46176
$6/sq ft
smaller lot
31 years newer

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— beds— baths— sq ft

10826 Gates Creek Dr, Indianapolis, IN 46239

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New listings for sale in 46182

NEW 17 HRS AGO

$499,900

4 beds2 baths3,690 sq ft

5311 E Michigan Rd, Waldron, IN 46182

$350,000

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Details provided by MIBOR as Distributed by MLS Grid and may not match the public record. Learn more.

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