137 Gulf Dr in Indianapolis-an excellent opportunity for buyers seeking value, space, and standout features not often found in the neighborhood. This home was remodeled in 2020 and includes major system updates that matter most: new roof, gutters, HVAC, water heater, and appliances-all updated in 2020. In addition, the sewer line was replaced within the last five years-a significant upgrade that many homes in the area have not completed, offering added peace of mind for the next owner. The home offers a solid foundation for someone ready to add fresh cosmetic touches and make it their own, with pricing thoughtfully reflecting the opportunity for light updates and personalization. Unlike many nearby homes, this property features two full bathrooms (versus the more common 1.5 baths), a bright sunroom that adds flexible living space, and overhead lighting with ceiling fans throughout. The fully fenced chain-link backyard provides functional outdoor space and includes a peaceful pond view (view only, no access), creating a unique backdrop not found in surrounding properties. The home is being sold as-is, with cosmetic updates needed, which has been factored into the attractive price point. If you're looking for a value-driven opportunity with major mechanicals already handled-and the chance to add your own style-this home delivers features and peace of mind that many nearby options simply don't.
Sold
$170,000
1137 Gulf Dr, Indianapolis, IN 46217
3beds
1,320sqft
Residential, Single Family Residence
Built in 1986
10,018 Square Feet Lot
$171,000 Zestimate®
$129/sqft
$1,648 Estimated rent
Home value
$171,000
$161,000 - $183,000
$1,648/mo
Zestimate® history
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$1,129/mo
Est. payment
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Peaceful pond viewFully fenced chain-link backyardNew roof
Zillow last checked:
Listing updated:
Listed by:
Angi Oakes 317-514-4695,
Berkshire Hathaway Home
Bought with:
Eric Forney
Keller Williams Indy Metro S
Alyssa Acuna
Keller Williams Indy Metro S
Source: MIBOR as distributed by MLS GRID,MLS#: 22085920
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 210 Square Feet
- Dimensions: 14x15
Bedroom 2
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 3
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Laundry
- Level: Main
- Area: 36 Square Feet
- Dimensions: 6x6
Living room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12x13
Sun room
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17x14
Heating
- Forced Air, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, ENERGY STAR Qualified Water Heater, Disposal, Gas Water Heater, MicroHood, Electric Oven, Refrigerator, Microwave
- Laundry: Connections All, Laundry Room, Main Level
Features
- High Speed Internet, Walk-In Closet(s)
- Windows: Wood Work Painted
- Has basement: No
Interior area
- Total structure area: 1,320
- Total interior livable area: 1,320 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
- Details: Garage Parking Other(Finished Garage, Garage Door Opener, Guest Street Parking)
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Fencing: Fenced,Chain Link,Full
- Has view: Yes
- View description: Pond
- Water view: Pond
- Waterfront features: Pond, Water View
Lot
- Size: 10,018 Square Feet
- Features: Mature Trees
Details
- Parcel number: 491422121008000500
- Special conditions: As Is,Cosmetics Needed,In Foreclosure
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Wood
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Security System, Security System Leased
- Subdivision: Depot
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $129/sqft
- Tax assessed value: $228,300
- Annual tax amount: $2,508
- Date on market: 2/27/2026
- Cumulative days on market: 18 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Sold | $170,000+4.3%$129/sqft |
Source:  MIBOR as distributed by MLS GRID #22085920 Report a problem | ||
| 6/1/2020 | Sold | $163,000-1.2%$123/sqft |
Source: MIBOR as distributed by MLS GRID #21704485 Report a problem | ||
| 4/20/2020 | Pending sale | $164,900$125/sqft |
Source: Property Plus Realty, INC #21704485 Report a problem | ||
| 4/11/2020 | Listed for sale | $164,900+78.9%$125/sqft |
Source: Property Plus Realty, INC #21704485 Report a problem | ||
| 1/17/2020 | Sold | $92,173-12.3%$70/sqft |
Source: MIBOR as distributed by MLS GRID #21681828 Report a problem | ||
| 12/23/2019 | Pending sale | $105,100$80/sqft |
Source: Owners.com #21681828 Report a problem | ||
| 12/3/2019 | Price change | $105,100-6.2%$80/sqft |
Source: Owners.com #21681828 Report a problem | ||
| 11/19/2019 | Price change | $112,100-16.1%$85/sqft |
Source: REALHome Services and Solutions #21681828 Report a problem | ||
| 10/1/2019 | Listed for sale | $133,560+7.7%$101/sqft |
Source: REALHome Services and Solutions #n/a Report a problem | ||
| 9/11/2019 | Sold | $124,000$94/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,507 +14.6% | $228,300 +14.6% |
| 2024 | $2,188 +4.4% | $199,200 +10.1% |
| 2023 | $2,097 +18.7% | $181,000 +8.3% |
| 2022 | $1,766 +18.8% | $167,100 +18.3% |
| 2021 | $1,487 +20.9% | $141,200 +12.8% |
| 2020 | $1,230 -24.9% | $125,200 +11.7% |
| 2019 | $1,638 +92.7% | $112,100 +8% |
| 2018 | $850 -10.1% | $103,800 +14.3% |
| 2017 | $946 +12.9% | $90,800 -2.2% |
| 2016 | $838 +6.1% | $92,800 +0.5% |
| 2014 | $790 -8.7% | $92,300 -4.6% |
| 2013 | $865 | $96,800 +2.2% |
| 2012 | $865 | $94,700 -5.4% |
| 2011 | -- | $100,100 |
| 2010 | $831 +39.9% | $100,100 +5.1% |
| 2009 | $594 | $95,200 |
| 2007 | -- | $95,200 |
| 2006 | -- | $95,200 |
| 2005 | -- | $95,200 |
| 2004 | -- | $95,200 |
| 2003 | -- | $95,200 +107.9% |
| 2002 | -- | $45,800 +199.9% |
| 2001 | -- | $15,270 |
| 2000 | -- | $15,270 |
Find assessor info on the county website
Neighborhood: Glenn's Valley
Nearby homes
- $204,1003 bd1 ba1.2k sqft8626 Depot Dr, Indianapolis, IN 46217Off Market
- $186,9002 bd2 ba1k sqft1143 Gulf Dr, Indianapolis, IN 46217Off Market
- $222,1003 bd2 ba1.1k sqft8632 Depot Dr, Indianapolis, IN 46217Off Market
- $218,4003 bd2 ba1.1k sqft1136 Gulf Dr, Indianapolis, IN 46217Off Market
- $212,7003 bd2 ba1.1k sqft1149 Gulf Dr, Indianapolis, IN 46217Off Market
- $216,2003 bd2 ba1.2k sqft8620 Depot Dr, Indianapolis, IN 46217Off Market
- $197,6003 bd0 ba988 sqft1203 Gulf Dr, Indianapolis, IN 46217Off Market
- $195,4003 bd2 ba1k sqft8611 Gandy Ct, Indianapolis, IN 46217Off Market
Nearby schools
GreatSchools rating
- 5/10Glenns Valley Elementary SchoolGrades: 1-5Distance: 0.9 mi
- 8/10Perry Meridian Middle SchoolGrades: 7-8Distance: 1.2 mi
- 9/10Perry Meridian High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Glenns Valley Elementary School
- Middle: Perry Meridian Middle School
- High: Perry Meridian High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$171,000
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Estimated market value
$171,000
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