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PendingPrice cut: $5K (10/7)
$295,000
3beds
2,430sqft

1040 Tulip Dr, Indianapolis, IN 46227

3beds
2,430sqft
Residential, Single Family Residence
Built in 1951
0.82 Acres Lot
$121/sqft

What's special

Exceptional outdoor settingTimeless brick constructionSleek countertopsStylish new light fixturesWet bar rough-inAbundant natural lightUpdated bathrooms

Experience the charm and character of the Homecroft Historic District in this beautifully maintained 3-bedroom, 1.5-bath brick ranch situated on a nearly 1-acre lot. Just minutes from downtown Indianapolis, this home offers a rare combination of historic neighborhood appeal, modern updates, and exceptional outdoor space. Inside, hardwood floors span the main level, complemented by updated bathrooms, abundant natural light, and stylish new light fixtures. The kitchen blends mid-century modern character with contemporary convenience, featuring white-painted cabinetry, stainless steel appliances, a farmhouse sink, sleek countertops, and a tile backsplash. Recent appliance upgrades include a new oven/range, dishwasher, and microwave. The full basement provides valuable additional living and flexible-use space, including an oversized recreation or playroom with luxury vinyl plank flooring, a wet bar rough-in, and a separate room ideal for a home office, workout room, or hobby space. The partially unfinished area offers dedicated laundry, storage, and workshop space. Additional updates and features include a new HVAC system, sump pump with battery backup, radon mitigation system, and garage door opener. Step outside to enjoy the privacy and tranquility of the expansive, fenced backyard, shaded by mature maple trees. The impressive 450 sqft paver patio, complemented by an extended stoop and illuminated stairway, creates an inviting setting for entertaining, outdoor dining, or relaxing. With nearly an acre of land, there is ample room for gardening, pets, recreation, and gatherings. Living in the Homecroft Historic District means enjoying a close-knit community with convenient access to Indianapolis amenities. With its timeless brick construction, thoughtful modern improvements, spacious basement, and exceptional outdoor setting, this Homecroft property offers a unique opportunity to enjoy historic charm with the comforts of modern living.

27 days
2,770
214

Likely to sell faster than

Source: MIBOR as distributed by MLS GRID,MLS#: 22127953MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Ron Rose 8885000@gmail.com,

Indiana Realty Pros, Inc.

Source: MIBOR as distributed by MLS GRID,MLS#: 22127953MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 3
Primary bedroom
  • Level: Main
  • Area: 168 Square Feet
  • Dimensions: 14x12
Bedroom 2
  • Level: Main
  • Area: 140 Square Feet
  • Dimensions: 14x10
Bedroom 3
  • Level: Main
  • Area: 100 Square Feet
  • Dimensions: 10x10
Dining room
  • Level: Main
  • Area: 120 Square Feet
  • Dimensions: 12x10
Kitchen
  • Features: Tile-Ceramic
  • Level: Main
  • Area: 120 Square Feet
  • Dimensions: 12x10
Library
  • Level: Basement
  • Area: 210 Square Feet
  • Dimensions: 15x14
Living room
  • Level: Main
  • Area: 224 Square Feet
  • Dimensions: 16x14
Play room
  • Level: Basement
  • Area: 434 Square Feet
  • Dimensions: 31x14
Heating
  • Natural Gas
Cooling
  • Central Air
Appliances
  • Included: Dishwasher, Disposal, Gas Water Heater, MicroHood, Electric Oven, Refrigerator
Features
  • Double Vanity, Built-in Features, Ceiling Fan(s)
  • Basement: Partially Finished,Roughed In
Interior area
  • Total structure area: 2,430
  • Total interior livable area: 2,430 sqft
  • Finished area below ground: 607
Video & virtual tour

Property

Parking
  • Total spaces: 1
  • Parking features: Attached
  • Attached garage spaces: 1
  • Details: Garage Parking Other(Garage Door Opener)
Features
  • Levels: One
  • Stories: 1
  • Patio & porch: Patio
  • Fencing: Fenced,Full,Privacy
Lot
  • Size: 0.82 Acres
  • Features: Mature Trees
Details
  • Parcel number: 491412112003000500
  • Other equipment: Radon System
  • Horse amenities: None

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Ranch,Traditional
  • Property subtype: Residential, Single Family Residence
Materials
  • Brick
  • Foundation: Block
Condition
  • New construction: No
  • Year built: 1951

Utilities & green energy

  • Water: Public
  • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community
  • Subdivision: Laura Templetons
HOA
  • Has HOA: No
Location
  • Region: Indianapolis

Financial & listing details

  • Price per square foot: $121/sqft
  • Tax assessed value: $283,600
  • Annual tax amount: $3,460
  • Date on market: 9/24/2026
  • Cumulative days on market: 20 days
  • Electric utility on property: Yes

Price history

DateEventPrice
10/12/2026Pending sale$295,000$121/sqft
Source: MIBOR as distributed by MLS GRID #22127953 Report a problem
10/7/2026Price change$295,000-1.7%$121/sqft
Source: MIBOR as distributed by MLS GRID #22127953 Report a problem
9/24/2026Listed for sale$300,000+78.6%$123/sqft
Source: MIBOR as distributed by MLS GRID #22127953 Report a problem
5/1/2017Sold$168,000$69/sqft
Source: MIBOR as distributed by MLS GRID #21470623 Report a problem
4/18/2017Pending sale$168,000$69/sqft
Source: Carpenter Realtors, Inc. #21470623 Report a problem
3/10/2017Listed for sale$168,000$69/sqft
Source: Carpenter, REALTORS #21470623 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$3,286 -1.6%$283,600 +10.2%
2024$3,341 +6.6%$257,300 -2.4%
2023$3,134 +13.8%$263,700 +9%
2022$2,754 +9.3%$241,900 +14.6%
2021$2,519 +4.9%$211,000 +9.3%
2020$2,401 +8.7%$193,000 +5.2%
2019$2,208 +45.4%$183,500 +7.1%
2018$1,519 -3%$171,400 +37.2%
2017$1,565 +6.7%$124,900 +2%
2016$1,468 +10.7%$122,500 +0.7%
2014$1,325 -0.7%$121,700
2013$1,335 $121,700 +1.7%
2012$1,335 $119,700 +0.9%
2011-- $118,600
2010$1,126 +26.7%$118,600
2009$889 $118,600 +3.6%
2007-- $114,500
2006-- $114,500 +21.9%
2005-- $93,900
2004-- $93,900
2003-- $93,900 +85.6%
2002-- $50,600 +199.9%
2001-- $16,870
2000-- $16,870
Find assessor info on the county website

Monthly payment

Est. payment
$1,849/mo
Principal & interest
$1613
Property taxes
$236
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Estimated market value

Not available

Estimated sales range

Not available

Not available

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: Edgewood

Nearby schools

Homecroft Kindergarten
Grades K-1 • 0.5 miles
N/A
GreatSchools® Rating
Southport Middle School
Grades 7-8 • 1.6 miles
5/10
GreatSchools® Rating
Test Score Rating
5/10
Academic Progress Rating
5/10
Southport High School
Grades 9-12 • 0.2 miles
5/10
GreatSchools® Rating
College Readiness Rating
5/10