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Sold for $199,000
  • $199,000

    1227 Wallace Ave, Indianapolis, IN 46201

    1beds
    796sqft
    Single Family Residence
    Built in ----
    -- sqft lot
    $200,700 Zestimate®
    $250/sqft
    $884 Estimated rent

    Home value

    $200,700

    $185,000 - $219,000

    $884/mo

    Zestimate® history
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    What's special

    Central airFront porchAssigned parking spaceHigh-end finishesQuiet neighborhoodUpdated kitchenStainless steel appliances
    Updated 1 bedroom (120sq.ft), 1 bathroom duplex (796s.ft) in the quiet neighborhood of Little Flower in Indianapolis. 12 mins from Mass Avenue, 8 mins from Irvington, 4 mins from Community Hospital East. CVS, Kroger, and many other stores and restaurants are a couple blocks away. On bus route. Amenities include: central air, central heat, hardwood floors, updated kitchen and high-end finishes, stainless steel appliances, gas stove, dishwasher, fridge, microwave, washer /dryer on main floor, basement, front porch, back yard with (shared) shed. Assigned parking space behind the home. No Utilities included in rent (average monthly cost $165-$200; electric is separate for each unit, gas/water is shared between the two units). Small, trained dogs allowed with an additional $250 initial fee and $20/month for each pet. $980/month rent. $980 security deposit required. To qualify, you will need to not have an eviction in your record in the past 10 years; no unpaid rent or bills; no legal charges due to violence, drugs, or financial issues; income needs to be at least 3x the amount of rent or 2x the amount of rent, after taxes and debt payments. Housing Vouchers are not accepted. Renter's insurance is required. Any illegal activity is a lease violation and reason for eviction. If you meet these qualifications, you may request a tour and submit an application; background and credit checks ($55) will be requested after application has been reviewed. Checks can be used for other application within 60 days. This property is managed by a responsible landlord using Avail landlord software.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 796 sqft

    Property

    Parking
    • Parking features: Off Street
    • Details: Contact manager
    Features
    • Exterior features: Bicycle storage, Heating system: Forced Air, No Utilities included in rent
    Details
    • Parcel number: 490733179076000101

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence

    Community & HOA

    Community
    • Deposit fee: $980
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $250/sqft
    • Tax assessed value: $172,600
    • Annual tax amount: $2,003
    • Date on market: 10/8/2025
    • Date available: 10/08/2025
    • Lease term: 1 Year

    Price history

    DateEventPrice
    10/10/2025Listing removed$980$1/sqft
    Source: Zillow Rentals Report a problem
    10/9/2025Listed for rent$980+98%$1/sqft
    Source: Zillow Rentals Report a problem
    7/17/2025Sold$199,000+20.6%$250/sqft
    Source: Public Record Report a problem
    8/4/2022Sold$165,000$207/sqft
    Source: MIBOR as distributed by MLS GRID #21864974 Report a problem
    6/28/2022Pending sale$165,000$207/sqft
    Source: MIBOR as distributed by MLS GRID #21864974 Report a problem
    6/25/2022Listed for sale$165,000+129.5%$207/sqft
    Source: MIBOR as distributed by MLS GRID #21864974 Report a problem
    3/31/2017Sold$71,900-4%$90/sqft
    Source: MIBOR as distributed by MLS GRID #21470729 Report a problem
    3/31/2017Listed for sale$74,900$94/sqft
    Source: CENTURY 21 Scheetz #21470729 Report a problem
    3/10/2017Pending sale$74,900$94/sqft
    Source: CENTURY 21 Scheetz #21470729 Report a problem
    3/10/2017Listed for sale$74,900$94/sqft
    Source: CENTURY 21 Scheetz #21470729 Report a problem
    1/28/2015Listing removed$495$1/sqft
    Source: CENTURY 21 Scheetz #21328020 Report a problem
    12/11/2014Listed for rent$495+4.2%$1/sqft
    Source: 96th Street #21328020 Report a problem
    1/23/2013Listing removed$74,900$94/sqft
    Source: CENTURY 21 Scheetz #21139090 Report a problem
    6/10/2012Listed for sale$74,900-6.3%$94/sqft
    Source: CENTURY 21 Scheetz #21139090 Report a problem
    6/1/2012Listing removed$475$1/sqft
    Source: CENTURY 21 Scheetz #21139096 Report a problem
    9/3/2011Listed for rent$475$1/sqft
    Source: CENTURY 21 Scheetz #21139096 Report a problem
    7/31/2010Listing removed$79,900$100/sqft
    Source: CENTURY 21 Scheetz #2936403 Report a problem
    10/14/2009Listed for sale$79,900$100/sqft
    Source: CENTURY 21 Scheetz #2936403 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,003 +17.9%$172,600 +0.6%
    2024$1,699 +62%$171,500 +12.8%
    2023$1,049 -57.6%$152,100 +40.1%
    2022$2,474 +28.1%$108,600 +1.3%
    2021$1,931 +8.6%$107,200 +28.5%
    2020$1,778 +16.8%$83,400 +10.8%
    2019$1,522 +21.5%$75,300 +17.8%
    2018$1,253 +1.6%$63,900 +14.1%
    2017$1,233 +6.2%$56,000 +4.7%
    2016$1,161 -1.3%$53,500 -1.7%
    2014$1,176 -10.2%$54,400 -2.9%
    2013$1,310 $56,000 -4.1%
    2012$1,310 $58,400 +3%
    2011-- $56,700 -6.4%
    2010$1,265 -2.4%$60,600
    2009$1,296 $60,600 -17%
    2007-- $73,000 -10.6%
    2003-- $81,700 +202.6%
    2002-- $27,000 +200%
    2001-- $9,000
    2000-- $9,000
    Find assessor info on the county website

    Neighborhood: Near Eastside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $200,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $200,700