This property is a double threat, it would make a great property to make your future primary residence, great quiet neighborhood and beautiful corner lot with great yard or purchase as an investment property and rent to University of Indianapolis students, home was previously rented to 6 students and market rate is currently $500 per student. That's 3,000 per month in income and current owner is always getting calls to rent this property, its only 5 minute walk to campus. This is a great ranch style, limestone exterior 4 bed 2.5 bath home very spacious in size with finished basement area and 2 car attached garage, fenced in back yard. Interior has large family room, separate dining area and a fireplace on the first floor and in the finished basement. This property can also qualify for 100% financing with no mortgage insurance with a 680 credit score....feel free to ask for more information on this program.
Sold
$285,000
1401 E Castle Ave, Indianapolis, IN 46227
4beds
4,718sqft
Residential, Single Family Residence
Built in 1951
0.28 Acres Lot
$290,100 Zestimate®
$60/sqft
$2,366 Estimated rent
Home value
$290,100
$264,000 - $316,000
$2,366/mo
Zestimate® history
Owner options
List your home for rent
$2,366/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,366/mo
Rent Zestimate®
Refinance and save
$1,788/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,788/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listing Provided by:
Shane Burns 317-833-2861,
Victory Realty Team
Bought with:
Logan Sanford
Real Broker, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22024280
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
- Main level bathrooms: 3
- Main level bedrooms: 4
Primary bedroom
- Features: Vinyl Plank
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Bedroom 2
- Features: Hardwood
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 3
- Features: Vinyl Plank
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 4
- Features: Hardwood
- Level: Main
- Area: 330 Square Feet
- Dimensions: 22x15
Dining room
- Features: Hardwood
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17x14
Kitchen
- Features: Other
- Level: Main
- Area: 160 Square Feet
- Dimensions: 20x8
Laundry
- Features: Laminate Hardwood
- Level: Main
- Area: 360 Square Feet
- Dimensions: 20x18
Living room
- Features: Hardwood
- Level: Main
- Area: 252 Square Feet
- Dimensions: 21x12
Office
- Features: Laminate Hardwood
- Level: Main
- Area: 192 Square Feet
- Dimensions: 16x12
Heating
- Forced Air, Natural Gas
Appliances
- Included: Dishwasher, Dryer, MicroHood, Gas Oven, Refrigerator, Washer, Gas Water Heater, Water Softener Owned
- Laundry: Main Level
Features
- Bookcases, High Ceilings, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, High Speed Internet, Smart Thermostat
- Windows: Skylight(s), Windows Thermal, Wood Work Stained
- Basement: Full,Roughed In,Daylight
- Number of fireplaces: 1
- Fireplace features: Basement, Living Room, Masonry, Wood Burning
Interior area
- Total structure area: 4,718
- Total interior livable area: 4,718 sqft
- Finished area below ground: 896
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Breeze Way, Porch
- Fencing: Fenced,Partial,Privacy
Lot
- Size: 0.28 Acres
- Features: Corner Lot, Sidewalks, Street Lights, Mature Trees
Details
- Parcel number: 491031101001132501
- Special conditions: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Stone
- Foundation: Block, Crawl Space
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Electric: 100 Amp Service
- Water: Municipal/City
Community & neighborhood
Security
- Security features: Security Alarm Paid
Location
- Region: Indianapolis
- Subdivision: Elders University Heights
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listing removed | $3,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/6/2026 | Listed for rent | $3,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/9/2025 | Listing removed | $3,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/24/2025 | Listed for rent | $3,000+15.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/23/2025 | Sold | $285,000-3.4%$60/sqft |
Source:  MIBOR as distributed by MLS GRID #22024280 Report a problem | ||
| 3/10/2025 | Pending sale | $294,900$63/sqft |
Source: MIBOR as distributed by MLS GRID #22024280 Report a problem | ||
| 2/28/2025 | Listed for sale | $294,900-1.7%$63/sqft |
Source: MIBOR as distributed by MLS GRID #22024280 Report a problem | ||
| 2/4/2025 | Listing removed | $299,900$64/sqft |
Source: MIBOR as distributed by MLS GRID #22002738 Report a problem | ||
| 11/27/2024 | Price change | $299,900-3.2%$64/sqft |
Source: MIBOR as distributed by MLS GRID #22002738 Report a problem | ||
| 9/20/2024 | Listed for sale | $309,900+21.1%$66/sqft |
Source: MIBOR as distributed by MLS GRID #22002738 Report a problem | ||
| 8/29/2024 | Listing removed | $2,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/20/2024 | Listed for rent | $2,600-7.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/2/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/11/2024 | Listed for rent | $2,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/29/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/3/2024 | Listed for rent | $2,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/31/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/13/2024 | Listed for rent | $2,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/10/2023 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21771650 Report a problem | ||
| 4/22/2021 | Sold | $255,900+4.1%$54/sqft |
Source: Public Record Report a problem | ||
| 3/21/2021 | Pending sale | $245,900$52/sqft |
Source: MIBOR as distributed by MLS GRID #21771650 Report a problem | ||
| 3/18/2021 | Listed for sale | $245,900+237.3%$52/sqft |
Source: MIBOR as distributed by MLS GRID #21771650 Report a problem | ||
| 12/14/2011 | Sold | $72,900+4.3%$15/sqft |
Source: Public Record Report a problem | ||
| 9/29/2011 | Listed for sale | $69,900+1.6%$15/sqft |
Source: American Wholesale Properties #21143750 Report a problem | ||
| 9/22/2011 | Sold | $68,785$15/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,467 +14.7% | $294,000 +1.3% |
| 2024 | $3,023 +11.8% | $290,200 +13.4% |
| 2023 | $2,704 +11.9% | $255,900 +12% |
| 2022 | $2,415 +3.3% | $228,400 +9% |
| 2021 | $2,339 +4% | $209,600 +3.9% |
| 2020 | $2,249 +16% | $201,700 +5.3% |
| 2019 | $1,938 +11.5% | $191,600 +16.1% |
| 2018 | $1,738 +6.9% | $165,100 +2.2% |
| 2017 | $1,625 +12.1% | $161,600 +9.8% |
| 2016 | $1,449 +6.2% | $147,200 +14.6% |
| 2014 | $1,365 -3.9% | $128,500 +1% |
| 2013 | $1,420 | $127,200 -2% |
| 2012 | $1,420 | $129,800 -37.4% |
| 2011 | -- | $207,400 +14.6% |
| 2009 | $1,910 | $180,900 -2% |
| 2007 | -- | $184,500 +6.2% |
| 2006 | -- | $173,700 +9.1% |
| 2005 | -- | $159,200 |
| 2004 | -- | $159,200 |
| 2003 | -- | $159,200 +134.8% |
| 2002 | -- | $67,800 +200% |
| 2001 | -- | $22,600 |
| 2000 | -- | $22,600 |
Find assessor info on the county website
Neighborhood: University Heights
Nearby schools
GreatSchools rating
- 3/10Raymond F. Brandes School 65Grades: PK-6Distance: 0.4 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 4.8 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$290,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$290,100
- Indiana
- Marion County
- Indianapolis
- 46227
- University Heights
- 1401 E Castle Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Indianapolis Topics
