New, New, NEW!!! Almost everything is NEW!! This home is amazing. Discover a timeless ranch home, originally built in 1926, offering 1496 square feet of refined living space. This home has been thoughtfully transformed, blending its historical charm with contemporary elegance, ready to embrace its next chapter. The heart of this home lies in its open-plan kitchen, seamlessly connecting with dining room and then the living room. This design fosters an environment perfect for both everyday living and entertaining, allowing for effortless interaction and flow. Beyond the main living areas, this property extends its appeal with a private yard and an inviting outdoor living space, perfect for enjoying the outdoors. The welcoming porch with its original wood ceiling, offers a charming spot for morning coffee or evening unwinding. Experience the harmonious blend of comfort and style this exquisite property offers and schedule your private viewing today.
Active
Price cut: $7K (10/1)
$299,000
1537 Gilbert Ave, Indianapolis, IN 46227
3beds
2,540sqft
Residential, Single Family Residence
Built in 1926
0.3 Acres Lot
$-- Zestimate®
$118/sqft
$-- HOA
What's special
Inviting outdoor living spaceOpen-plan kitchenPrivate yard
- 45 days
- 533
- 73
Zillow last checked:
Listing updated:
Listed by:
Rebecca Slate becky@slatesells.com,
Slate Realty, LLC,
Michael Slate,
Slate Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22122672
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: 255 Square Feet
- Dimensions: 17x15
Bedroom 2
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 3
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Dining room
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Living room
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14x14
Heating
- High Efficiency (90%+ AFUE )
Cooling
- Central Air
Appliances
- Included: Dishwasher, ENERGY STAR Qualified Water Heater, Disposal, MicroHood, Electric Oven, Refrigerator, Water Heater
- Laundry: In Unit, Laundry Closet
Features
- Attic Access, Cathedral Ceiling(s), Pantry, Walk-In Closet(s)
- Basement: Storage Space,Unfinished
- Attic: Access Only
Interior area
- Total structure area: 2,540
- Total interior livable area: 2,540 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Detached
- Garage spaces: 3
- Details: Garage Parking Other(Guest Street Parking)
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck
- Exterior features: Gutter Guards
Lot
- Size: 0.3 Acres
- Features: Mature Trees
Details
- Additional structures: Storage
- Parcel number: 491506113022000500
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Brick
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1926
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Madison Heights
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $118/sqft
- Tax assessed value: $155,800
- Annual tax amount: $1,820
- Date on market: 8/26/2026
- Cumulative days on market: 46 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Price change | $299,000-2.3%$118/sqft |
Source:  MIBOR as distributed by MLS GRID #22122672 Report a problem | ||
| 9/22/2026 | Price change | $306,000-1%$120/sqft |
Source: MIBOR as distributed by MLS GRID #22122672 Report a problem | ||
| 8/26/2026 | Listed for sale | $309,000+87.3%$122/sqft |
Source: MIBOR as distributed by MLS GRID #22122672 Report a problem | ||
| 5/24/2021 | Sold | $165,000$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,681 +4.7% | $155,800 +6.9% |
| 2024 | $1,606 -0.4% | $145,800 +0.1% |
| 2023 | $1,612 +41.6% | $145,600 +7.9% |
| 2022 | $1,138 -53.4% | $134,900 +30.5% |
| 2021 | $2,444 +69.4% | $103,400 +10.5% |
| 2020 | $1,442 +7.5% | $93,600 +70.5% |
| 2019 | $1,341 -1.4% | $54,900 +6.4% |
| 2018 | $1,360 -5.5% | $51,600 +1.2% |
| 2017 | $1,439 +14.6% | $51,000 +1.8% |
| 2016 | $1,256 +8.6% | $50,100 +5% |
| 2014 | $1,157 +129.6% | $47,700 -38.1% |
| 2013 | $504 | $77,000 +1.2% |
| 2012 | $504 | $76,100 +1.3% |
| 2011 | -- | $75,100 |
| 2010 | $416 +26.7% | $75,100 |
| 2009 | $328 | $75,100 -6.6% |
| 2007 | -- | $80,400 +0.1% |
| 2006 | -- | $80,300 |
| 2005 | -- | $80,300 |
| 2004 | -- | $80,300 |
| 2003 | -- | $80,300 +106.4% |
| 2002 | -- | $38,900 +247.3% |
| 2001 | -- | $11,200 |
| 2000 | -- | $11,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Edgewood
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