Charming 2-bedroom, 2-bathroom home located on a desirable corner lot just a short walk from the iconic Indianapolis Motor Speedway. This cozy property features a fenced-in backyard, perfect for privacy and entertaining, complete with an above-ground pool that could use some TLC. The finished basement offers a full bathroom and plenty of space, making it versatile enough to be transformed into a separate apartment or guest suite, minus a kitchen. A fantastic opportunity for those looking for a home with great potential in a prime location! Property is being sold As-Is.
Sold
$175,000
1656 N Somerset Ave, Indianapolis, IN 46222
2beds
1,440sqft
Residential, Single Family Residence
Built in 1935
5,227 Square Feet Lot
$163,300 Zestimate®
$122/sqft
$1,726 Estimated rent
Home value
$163,300
$144,000 - $180,000
$1,726/mo
Zestimate® history
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$1,168/mo
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Zillow last checked:
Listing updated:
Listed by:
Tonya Burton 317-850-2581,
eXp Realty LLC
Bought with:
Levone Clark
American Dream Team Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22001229
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Vinyl Plank
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Bedroom 2
- Features: Vinyl Plank
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11X11
Living room
- Features: Vinyl Plank
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15X11
Heating
- Has Heating (Unspecified Type)
Cooling
- Has cooling: Yes
Appliances
- Included: Laundry Connection in Unit
- Laundry: Laundry Connection in Unit
Features
- Attic Access
- Has basement: Yes
- Attic: Access Only
Interior area
- Total structure area: 1,440
- Total interior livable area: 1,440 sqft
- Finished area below ground: 684
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Pool features: Above Ground
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 490632115764000901
- Special conditions: None,As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: A-Frame
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1935
Utilities & green energy
- Water: Municipal/City
Community & HOA
Community
- Subdivision: Rainbow Ridge
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $122/sqft
- Tax assessed value: $172,900
- Annual tax amount: $812
- Date on market: 9/13/2024
- Cumulative days on market: 22 days
Price history
| Date | Event | Price |
|---|---|---|
| 11/8/2024 | Sold | $175,000-2.7%$122/sqft |
Source:  MIBOR as distributed by MLS GRID #22001229 Report a problem | ||
| 10/5/2024 | Pending sale | $179,900$125/sqft |
Source: MIBOR as distributed by MLS GRID #22001229 Report a problem | ||
| 9/13/2024 | Listed for sale | $179,900+111.6%$125/sqft |
Source: MIBOR as distributed by MLS GRID #22001229 Report a problem | ||
| 6/21/2024 | Sold | $85,000$59/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $922 +19.2% | $172,900 +69% |
| 2024 | $773 -4.7% | $102,300 +7.2% |
| 2023 | $812 +156% | $95,400 |
| 2022 | $317 +10.4% | $95,400 +77.3% |
| 2021 | $287 +33.9% | $53,800 +7.6% |
| 2020 | $215 -0.1% | $50,000 +25.6% |
| 2019 | $215 -0.9% | $39,800 +2.1% |
| 2018 | $217 -19.3% | $39,000 +1.3% |
| 2017 | $269 +26.5% | $38,500 -7% |
| 2016 | $212 +2% | $41,400 +2.7% |
| 2014 | $208 -25.9% | $40,300 +0.8% |
| 2013 | $281 | $40,000 -11.9% |
| 2012 | $281 | $45,400 +2.7% |
| 2011 | -- | $44,200 -3.5% |
| 2010 | $264 +7.1% | $45,800 -3% |
| 2009 | $247 | $47,200 -6.5% |
| 2007 | -- | $50,500 +0.4% |
| 2006 | -- | $50,300 +24.2% |
| 2005 | -- | $40,500 |
| 2004 | -- | $40,500 |
| 2003 | -- | $40,500 +98.5% |
| 2002 | -- | $20,400 +200% |
| 2001 | -- | $6,800 |
| 2000 | -- | $6,800 |
Find assessor info on the county website
Neighborhood: Eagledale
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Nearby schools
GreatSchools rating
- 4/10Ernie Pyle School 90Grades: PK-5Distance: 0.4 mi
- 4/10Cold Spring SchoolGrades: K-8Distance: 2.5 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 2.1 mi
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Estimated market value
$163,300
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Estimated market value
$163,300
- Indiana
- Marion County
- Indianapolis
- 46222
- Eagledale
- 1656 N Somerset Ave
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