Price Reduced47
$270,000
4 bd · 3 ba · 1,596 sqft
5228 Waterton Lakes Drive, Indianapolis, IN
Katrina Matheis · Ever Real Estate, LLC

No listing photos
3
Beds
1.5
Baths
1,294
Sqft
1974
Year built
Range $279,564 – $291,433 · as of August 30, 2026
ATTOM automated valuation model · 54 published estimates over 6.7 years · shaded band is the model's own published low-to-high range
Highest reading $345,900 in August 2025; lowest $168,926 in April 2020. The vertical scale starts at the series' own low, not at zero — it is drawn to show movement, not absolute size.
$57,100
Estimated monthly payment
$1,935/mo
Loan amount $228,399. Estimate only — your actual rate and payment depend on credit, location, and lender.
2025 roll
School ratings (A+ to F) from HJN community data.
Beech Grove High School
9-12 · Regular · Beech Grove City Schools
914 students · 17.1:1 student–teacher
Hornet Park Elementary School
PK-1 · Regular · Beech Grove City Schools
461 students · 18.8:1 student–teacher
Lutheran High School of Indianapolis
9-12 · Regular
225 students · 14.0:1 student–teacher
Arlington Elementary School
KG-3 · Regular · Franklin Township Community School Corporation
454 students · 14.5:1 student–teacher
South Grove Intermediate School
4-6 · Regular · Beech Grove City Schools
586 students · 18.6:1 student–teacher
Jeremiah Gray Kindergarten Academy
KG-KG · Regular · Perry Township Metropolitan School District
417 students · 19.8:1 student–teacher
Jeremiah Gray Elementary School
1-5 · Regular · Perry Township Metropolitan School District
591 students · 16.3:1 student–teacher
Thompson Crossing Elementary School
KG-3 · Regular · Franklin Township Community School Corporation
568 students · 15.3:1 student–teacher
MIBOR Broker Listing CooperativeSome properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Rings at ½ mile and 1 mile. Basemap © OpenMapTiles © OpenStreetMap contributors.
Open the Indianapolis camera map1 license-plate reader mapped within ½ mile of this home, identified as a Flock Safety device. Nearest: 0.5 mi west.
| Device type | Within ½ mi | Within 1 mi |
|---|---|---|
| License-plate readers | 1 | 12 |
| of which Flock Safety | 1 | 12 |
Community-reported via OpenStreetMap; may be incomplete. Data as of . © OpenStreetMap contributors (ODbL)
License-plate readers (ALPR) are fixed cameras that photograph passing vehicles and read their plates. Records are typically shared with the agency or association that operates the camera.
Flock Safety is a company whose plate-reader cameras are used by police departments, cities, HOAs and businesses. Its devices are usually solar-powered and pole-mounted.
Price Reduced47
$270,000
4 bd · 3 ba · 1,596 sqft
5228 Waterton Lakes Drive, Indianapolis, IN
Katrina Matheis · Ever Real Estate, LLC
New3$330,000
4 bd · 3 ba · 2,178 sqft
6350 Brooks Bend Boulevard, Indianapolis, IN
Amanda Solomon · Keller Williams Indy Metro Partners
New54$329,000
3 bd · 3 ba · 1,859 sqft
3817 Cherry Blossom Boulevard, Indianapolis, IN
Tamela Burton · Keller Williams Indy Metro Partners
New23$249,000
3 bd · 2 ba · 1,428 sqft
8220 Parsley Lane, Indianapolis, IN
Chancung Lian · Mang Tha Real Estate, LLC
27$267,500
3 bd · 2 ba · 1,047 sqft
6705 Churchman Avenue, Indianapolis, IN
Denis O'Brien · Keller Williams Indy Metro Partners
Price Reduced62$319,999
3 bd · 2 ba · 2,518 sqft
6037 Riva Ridge Drive, Indianapolis, IN
Jeffrey Paxson · Jeff Paxson Team
Within 2 miles of this home: 20 restaurants and cafés, 2 grocery stores, 9 parks and green spaces, and 1 transit stop.
Place data from OpenStreetMap.
Fujiyama Steak House of Japan
Victory Drive
McDonald's
South Emerson Avenue
Wendy's
East Thompson Road
Starbucks
South Emerson Avenue
Chipotle
Mexican restaurant · South Emerson Avenue
Culver's
Shear Avenue
DQ Grill & Chill
East Thompson Road
Heartland Homemade Ice Cream
South Emerson Avenue
Kroger
East Thompson Road
Walmart Supercenter
South Emerson Avenue
Thompson Park
Hornet Park
Water Collection Pond
Retention Basin
Don Challis Park
Community Pool
Ashland Neighborhood Grass Park
Hartman Park
KMart Emerson and Thompson




