Rare opportunity to own one of the last large residential investment properties in Greenwood! This approximately 5-acre, flat and usable property offers tremendous potential for builders, developers, and investors. Conveniently located approximately 20 minutes south of Downtown Indianapolis and just minutes from I-65, major shopping, parks, and highly rated Greenwood schools. The property is directly across from Greenwood Middle School and approximately half a mile from Greenwood High School and Freedom Park. Major utilities, including gas, electric, water, and sewer, are located along Averitt Road. Previous development plans outlined 13-20 duplexes, offering the potential for 26-40 total units subject to zoning and governmental approvals. The property also offers flexibility for custom home development, with potential lot sizes ranging from approximately 1/4-acre lots to larger estate-sized parcels. Currently on the property is an approximately 4,300-square-foot, 11/2-story home featuring 5 bedrooms, 3 bathrooms, 2 fireplaces, gas forced air, and central A/C. Additional improvements include an approximately 2,500-square-foot pole building, a 900-square-foot red barn, and a pool in need of improvements.
Active
Price cut: $100K (10/8)
$799,000
1301 Averitt Rd, Greenwood, IN 46143
5beds
4,112sqft
Residential, Single Family Residence
Built in 1930
5 Acres Lot
$-- Zestimate®
$194/sqft
$-- HOA
What's special
- 28 days
- 1,629
- 41
Zillow last checked:
Listing updated:
Listed by:
Colton Cassel c.cassel@truebloodre.com,
Trueblood Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22122443
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 270 Square Feet
- Dimensions: 15X18
Bedroom 2
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12X15
Bedroom 3
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12X15
Bedroom 4
- Level: Upper
- Area: 234 Square Feet
- Dimensions: 18X13
Bedroom 5
- Level: Upper
- Area: 234 Square Feet
- Dimensions: 18X13
Living room
- Level: Main
- Area: 396 Square Feet
- Dimensions: 18X22
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Dishwasher
Features
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Other
Interior area
- Total structure area: 4,112
- Total interior livable area: 4,112 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Attached garage spaces: 3
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 5 Acres
- Features: See Remarks
Details
- Parcel number: 410505032027001026
- Horse amenities: Pasture
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Crawl Space
Condition
- Fixer
- New construction: No
- Year built: 1930
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Greenwood
Financial & listing details
- Price per square foot: $194/sqft
- Tax assessed value: $366,600
- Annual tax amount: $6,300
- Date on market: 9/25/2026
- Cumulative days on market: 29 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Price change | $799,000-11.1%$194/sqft |
Source:  MIBOR as distributed by MLS GRID #22122443 Report a problem | ||
| 9/25/2026 | Listed for sale | $899,000$219/sqft |
Source: MIBOR as distributed by MLS GRID #22122443 Report a problem | ||
| 9/25/2026 | Listing removed | $899,000$219/sqft |
Source: MIBOR as distributed by MLS GRID #22122451 Report a problem | ||
| 8/31/2026 | Listed for sale | $899,000+146.4%$219/sqft |
Source: MIBOR as distributed by MLS GRID #22122451 Report a problem | ||
| 6/24/2019 | Listing removed | $364,900$89/sqft |
Source: Paradigm Realty Solutions #21606793 Report a problem | ||
| 3/20/2019 | Price change | $364,900-3.9%$89/sqft |
Source: Paradigm Realty Solutions #21606793 Report a problem | ||
| 1/17/2019 | Price change | $379,900-5%$92/sqft |
Source: Paradigm Realty Solutions #21606793 Report a problem | ||
| 12/21/2018 | Price change | $399,900+5.3%$97/sqft |
Source: Paradigm Realty Solutions #21606793 Report a problem | ||
| 12/7/2018 | Pending sale | $379,900$92/sqft |
Source: Paradigm Realty Solutions #21606793 Report a problem | ||
| 12/6/2018 | Listed for sale | $379,900$92/sqft |
Source: Paradigm Realty Solutions #21606793 Report a problem | ||
| 11/19/2018 | Pending sale | $379,900$92/sqft |
Source: Paradigm Realty Solutions #21606793 Report a problem | ||
| 11/10/2018 | Listed for sale | $379,900$92/sqft |
Source: Paradigm Realty Solutions #21606793 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,158 +1% | $366,600 +10.7% |
| 2024 | $6,095 +6.9% | $331,200 |
| 2023 | $5,704 +22.9% | $331,200 +7% |
| 2022 | $4,640 -0.5% | $309,500 +21.1% |
| 2021 | $4,661 +1.7% | $255,600 +2.5% |
| 2020 | $4,581 -1.2% | $249,300 +2.6% |
| 2019 | $4,639 +8.7% | $243,100 -0.3% |
| 2018 | $4,267 -3% | $243,800 +9% |
| 2017 | $4,401 -0.2% | $223,600 -0.5% |
| 2016 | $4,411 +0.6% | $224,700 +3.8% |
| 2014 | $4,385 +10.1% | $216,400 +2% |
| 2013 | $3,981 -0.2% | $212,100 +2.8% |
| 2012 | $3,990 -5.9% | $206,400 -7.9% |
| 2011 | $4,241 -8.5% | $224,100 -5.5% |
| 2010 | $4,637 +5.3% | $237,100 |
| 2009 | $4,402 +43.4% | $237,100 +7% |
| 2007 | $3,070 -0.1% | $221,600 |
| 2006 | $3,073 | $221,600 +23.9% |
| 2005 | -- | $178,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 46143
Nearby schools
Schools provided by the listing agent
- Middle: Greenwood Middle School
- High: Greenwood Community High Sch
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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