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$389,900 Just Listed
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Property Description
Welcome to this spacious two-story home offering 4 bedrooms, 3 full baths, and a full acre in the charming town of Milan, Indiana. Beautifully updated throughout, the home features granite laminate countertops, stainless steel appliances that remain, tile and laminate flooring, modern fixtures, and a farmhouse sink. The fully finished walkout basement provides an entire second living space, complete with its own kitchen and full bathperfect for guests, extended family, or entertaining. Additional highlights include an oversized 2.5-car garage with direct access to the kitchen, a convenient laundry room, a full-length covered front porch, and a private backyard retreat featuring a patio, deck with pergola, wooded surroundings, and an in-ground swimming pool with a brand-new pump system. The property also includes an established garden, and playground set. With so much space, versatility, and outdoor enjoyment, this beautiful home truly has it all. Schedule your private showing today!
Full Property Details
Full Property Details for 5481 N State Road 101
General
- Price: $389,900
- Status: Active
- Type: Single Family
- Source: SE_Indiana
- MLS ID: 207943
- Updated: 7/18/2026
- Added to Site: 4 day(s) ago
Interior
- Interior Features: 9Ft + Ceiling, Multi Panel Doors, Vinyl Plank, Walk-In Closet(s)
- Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Oven/Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Bathrooms-L1: Yes
- Primary Bathroom: Double Vanity, Shower, Whirlpool Tub
Bedrooms
- Total Bedrooms: 4
- Primary Bedroom: 18.00 x 15.00, Level: 1, 270 Sq. Ft.
- Bedroom 1: Yes
- Bedroom 2: 12.00 x 12.00, Level: 1, 144 Sq. Ft.
- Bedroom 3: 18.00 x 15.00, Level: 2, 270 Sq. Ft.
- Bedroom 4: 18.00 x 15.00, Level: 2, 270 Sq. Ft.
Other Rooms
- Family Room: Yes
Additional Information
- Pool: Yes
- Pool Description: In-Ground
Parking
- Garage: Yes
- Attached garage: Yes
- Other Parking Type: Driveway, Garage Door Opener
- Parking: Oversized, Garage Attached, With Electric, With Workshop
- Garage Description: Oversized, Garage Attached, With Electric, With Workshop
Location
- County: Ripley
- Township: Franklin
School Information
- School District: Milan Community
- Elementary School: Milan Elementary
- High School: Milan High School
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
- Water Heater: Electric
Utilities
- Gas: Propane Leased
- Sewer: Septic Tank
- Water: Public
Structural Information
- Architectural Style: Cape Cod
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Walkout, Full
- Foundation: Poured
- Roof: Shingle
- Windows: Double-Pane, Vinyl/Alum Clad
- Stories/Levels: Two
- Square Feet: 2,520
- Living Area: 2,520 Sq. Ft.
- Year Built: 1988
Manufactured Home
- Land Information: Landscaping
Lot Features
- Property View: Wooded
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Frontage: State Highway
- Street/Road Desc.: Paved
- Topography: Level
- Trees/Vegetation: Oak
Disclosures and Reports
- APN: 69-09-12-400-007.000-009
Listed by Lohmiller Real Estate, Deborah Lakin
Get Pre-Approved Today
Schools
Schools serving 5481 N State Road 101
School District:Milan Community Schools
| Name | Grades | Distance |
|---|---|---|
Milan Elementary School 418 East Carr Street, Milan, IN 47031 | K-4 | 2.5 mi |
Milan Middle School 609 North Warpath Drive, Milan, IN 47031 | 7-8 | 1.8 mi |
Milan High School 609 North Warpath Drive, Milan, IN 47031 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5481 N State Road 101
Date
Details
Price
Change
Source
7/17/2026
Listed
$389,900
122.8%
MLS
11/03/2007
Sold
$175,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5481 N State Road 101
Year
Property Taxes
Change
Tax Assessment
Change
2025
$993
29%
$207,200
25%
2024
$772
14%
$165,500
8%
2023
$679
-10%
$153,100
-2%
2022
$758
-24%
$156,200
6%
2020
$994
-12%
$147,700
-2%
2019
$1,131
—
$150,200
1%
2019
$1,131
3%
$149,400
-1%
2018
$1,101
5%
$150,200
1%
2017
$1,051
—
$148,700
-1%
2017
$1,051
4%
$150,400
—
2016
$1,012
4%
$150,800
2%
2015
$972
-5%
$148,400
-1%
2013
$1,028
-54%
$149,600
-1%
2012
$2,214
—
$150,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5481 N State Road 101
5481 N State Road 101, Milan, IN 47031 (MLS# 207943) is a Single Family property with 4 bedrooms and 3 full bathrooms. 5481 N State Road 101 is currently listed for $389,900 and was received on July 17, 2026. Want to learn more about 5481 N State Road 101? Do you have questions about finding other Single Family real estate for sale in Milan? You can browse all Milan real estate or contact a Coldwell Banker agent to request more information.

