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Off market
  • $361,400

    249 Terrace Ave, Indianapolis, IN 46225

    5beds
    2,192sqft
    SingleFamily
    Built in 1922
    3,484 Square Feet Lot
    $361,400 Zestimate®
    $165/sqft
    $2,528 Estimated rent

    Home value

    $361,400

    $343,000 - $379,000

    $2,528/mo

    Zestimate® history
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    Owner options

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    $2,528/mo

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    $2,528/mo

    Rent Zestimate®

    Refinance and save

    $2,253/mo

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    $2,253/mo

    Est. payment

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    What's special

    PRICED TO MOVE! 2 Single Family Units For One Low Price. Investors Special in HOT Bates-Hendricks. 249 TERRACE AVE: This large 5 bedroom, 2 bath, corner lot home is ready for a renovation. Previously split into a 2 unit apartment, this beauty could be restored back to a single family residence or returned to it’s previous use for those wanting to cash in on its income potential. This home has good solid bones, newer roof, fenced in yard and is surrounded by recently renovated homes and new construction. Power is on and an active alarm system in place. In addition to the fantastic deal above, you also get a second home ideally situated on the same big lot. 1410 S ALABAMA ST: A 1,000 sqft, 2 bedroom, 1 bath single family home with a large open basement, newer roof, and it’s own meter. Income producer, In-Law cottage, or possibly split off and sold separately. Lot’s of options with this one. Structurally sound and just waiting for your finishing touches to make this little beauty a money maker. Situated near Downtown, Fountain Square and Garfield Park, the neighborhood is close to numerous restaurants, businesses, and recreational facilities. With easy access to I-65 and I-70 making any location in Indianapolis just minutes away. These homes are being sold As-Is. Serious inquiries only. Will work with "Buyer's" Agent. For more information or to schedule a showing, text or call (317) 989-6888 or email me at MichaelB@NewDoorInvest.com

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Other, Gas
    Cooling
    • Central
    Interior area
    • Total interior livable area: 2,192 sqft

    Property

    Parking
    • Parking features: On-street
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 3,484 sqft
    Details
    • Parcel number: 491113116049000101

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Foundation: Crawl/Raised
    • Roof: Asphalt
    Condition
    • Year built: 1922

    Community & neighborhood

    Location
    • Region: Indianapolis

    Price history

    DateEventPrice
    5/13/2022Sold$355,000-3.7%$162/sqft
    Source: MIBOR as distributed by MLS GRID #21845034 Report a problem
    4/13/2022Pending sale$368,500$168/sqft
    Source: MIBOR as distributed by MLS GRID #21845034 Report a problem
    3/24/2022Listed for sale$368,500+149.8%$168/sqft
    Source: MIBOR as distributed by MLS GRID #21845034 Report a problem
    3/2/2021Sold$147,500-9.2%$67/sqft
    Source: Public Record Report a problem
    1/7/2021Price change$162,500-3.2%$74/sqft
    Source: Owner Report a problem
    12/10/2020Listed for sale$167,900$77/sqft
    Source: Owner Report a problem
    10/13/2020Pending sale$167,900$77/sqft
    Source: Owner Report a problem
    9/29/2020Price change$167,900-5.9%$77/sqft
    Source: Owner Report a problem
    9/21/2020Listed for sale$178,500+70%$81/sqft
    Source: Owner Report a problem
    5/19/2020Sold$105,000+311.8%$48/sqft
    Source: Public Record Report a problem
    8/18/2012Listing removed$900
    Source: THE RENTAL PEOPLE Report a problem
    8/6/2012Listed for rent$900
    Source: THE RENTAL PEOPLE Report a problem
    5/18/2012Sold$25,500$12/sqft
    Source: MIBOR as distributed by MLS GRID #21161792 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,149 +4.5%$357,900 +3.6%
    2024$3,969 +57.4%$345,500 +3.7%
    2023$2,521 $333,200 +56%
    2022-- $213,600 +18.9%
    2021$3,751 +42%$179,600 +10.9%
    2020$2,642 +12.5%$162,000 +44.8%
    2019$2,349 +30.8%$111,900 +13.5%
    2018$1,796 -6.3%$98,600 +18.7%
    2017$1,918 +5.1%$83,100 -6.3%
    2016$1,826 +7.3%$88,700 +12.7%
    2014$1,702 -2%$78,700 +2.2%
    2013$1,736 $77,000 -0.5%
    2012$1,736 +14.3%$77,400 +5.9%
    2010$1,520 $73,100

    Find assessor info on the county website

    Neighborhood: Near Southside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $361,400
    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
    $361,400