Excellent investor opportunity!! This nearly original Craftsman-style home is a fantastic opportunity for investors looking to add value with minimal effort. Situated in a desirable area, this home boasts classic architectural features, including original hardwood floors, built-in cabinetry, and distinctive woodwork that exude character and charm. While the property retains much of its original craftsmanship, it is in need of some updates, allowing you to enhance its appeal and increase rental income potential. With a little renovation, this home could easily be transformed into a modern gem while preserving its historic charm. Currently in a livable condition, the property offers immediate rental potential, providing a steady cash flow as you plan future improvements. Whether you choose to refresh the home with modern updates or maintain its timeless features, the possibilities are endless for the right investor. Don't miss this chance to own a piece of history with incredible upside potential. Schedule a showing today!
Sold
$125,000
38 N Sherman Dr, Indianapolis, IN 46201
2beds
3,216sqft
Residential, Single Family Residence
Built in 1925
9,583 Square Feet Lot
$128,400 Zestimate®
$39/sqft
$1,149 Estimated rent
Home value
$128,400
$117,000 - $141,000
$1,149/mo
Zestimate® history
Owner options
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$1,149/mo
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$1,149/mo
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Refinance and save
$628/mo
Est. payment
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$628/mo
Est. payment
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List your homeWhat's special
Distinctive woodworkBuilt-in cabinetryOriginal hardwood floorsClassic architectural features
Zillow last checked:
Listing updated:
Listed by:
Dustin Dubree 765-228-6527,
RE/MAX At The Crossing
Bought with:
Laura Musall
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22017232
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Hardwood
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Features: Hardwood
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Dining room
- Features: Hardwood
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14x14
Kitchen
- Features: Vinyl
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Laundry
- Features: Other
- Level: Basement
- Area: 434 Square Feet
- Dimensions: 31x14
Living room
- Features: Hardwood
- Level: Main
- Area: 434 Square Feet
- Dimensions: 31x14
Heating
- Electric, Forced Air
Cooling
- Has cooling: Yes
Appliances
- Included: Dryer, Electric Water Heater, Electric Oven, Refrigerator, Washer
- Laundry: Connections All, In Basement
Features
- Attic Access, Attic Stairway, Hardwood Floors, Eat-in Kitchen, Pantry
- Flooring: Hardwood
- Windows: Wood Frames, Wood Work Stained
- Basement: Exterior Entry,Interior Entry,Unfinished
- Attic: Access Only,Permanent Stairs
Interior area
- Total structure area: 3,216
- Total interior livable area: 3,216 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
Lot
- Size: 9,583 Square Feet
- Features: Sidewalks
Details
- Parcel number: 491005208024000101
- Special conditions: None,As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Residential, Single Family Residence
Materials
- Block, Wood
- Foundation: Block
Condition
- Fixer
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Municipal/City
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Hollywood
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $39/sqft
- Tax assessed value: $88,100
- Annual tax amount: $1,714
- Date on market: 1/8/2025
- Cumulative days on market: 2 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2025 | Sold | $125,000$39/sqft |
Source:  MIBOR as distributed by MLS GRID #22017232 Report a problem | ||
| 1/9/2025 | Pending sale | $125,000$39/sqft |
Source: MIBOR as distributed by MLS GRID #22017232 Report a problem | ||
| 1/8/2025 | Listed for sale | $125,000+318.1%$39/sqft |
Source: MIBOR as distributed by MLS GRID #22017232 Report a problem | ||
| 10/1/2013 | Listing removed | $29,900$9/sqft |
Source: Sycamore Group Realtors #21222598 Report a problem | ||
| 7/31/2013 | Listed for sale | $29,900$9/sqft |
Source: Sycamore Group Realtors #21222598 Report a problem | ||
| 6/1/2013 | Pending sale | $29,900$9/sqft |
Source: Sycamore Group Realtors #21222598 Report a problem | ||
| 5/3/2013 | Price change | $29,900-14.3%$9/sqft |
Source: Scyamore Group Realtors #21222598 Report a problem | ||
| 3/27/2013 | Listed for sale | $34,900$11/sqft |
Source: Scyamore Group Realtors #21222598 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,785 +4.1% | $88,100 +17.2% |
| 2024 | $1,715 +1.9% | $75,200 +4% |
| 2023 | $1,683 +38.2% | $72,300 +1.4% |
| 2022 | $1,218 +1.7% | $71,300 +35% |
| 2021 | $1,197 +5.4% | $52,800 +2.1% |
| 2020 | $1,136 +2.9% | $51,700 +7.5% |
| 2019 | $1,103 +11% | $48,100 +3.9% |
| 2018 | $994 -49.1% | $46,300 +5.5% |
| 2017 | $1,953 +139% | $43,900 +10% |
| 2016 | $817 +2.1% | $39,900 +7.8% |
| 2014 | $800 +29.2% | $37,000 -4.6% |
| 2013 | $619 | $38,800 +12.1% |
| 2012 | $619 | $34,600 -11.1% |
| 2011 | -- | $38,900 |
| 2010 | $809 -2.5% | $38,900 |
| 2009 | $829 | $38,900 +29.2% |
| 2007 | -- | $30,100 |
Find assessor info on the county website
Neighborhood: Near Eastside
Nearby homes
- $148,7004 bd-- ba1.8k sqft44 N Sherman Dr, Indianapolis, IN 46201Off Market
- $95,8004 bd1 ba2.7k sqft30 N Sherman Dr, Indianapolis, IN 46201Off Market
- $133,3003 bd2 ba750 sqft35 N Sherman Dr, Indianapolis, IN 46201Off Market
- $121,1003 bd-- ba1.6k sqft46 N Sherman Dr, Indianapolis, IN 46201Off Market
- $6,0003 bd-- ba1.1k sqft28 N Sherman Dr, Indianapolis, IN 46201Off Market
- $146,9003 bd1 ba1.3k sqft59 N Sherman Dr, Indianapolis, IN 46201Off Market
- $227,0004 bd3 ba1.8k sqft37 N Sherman Dr, Indianapolis, IN 46201For Sale
- $240,0003 bd2 ba-- sqft33 N Sherman Dr, Indianapolis, IN 46201Sold
Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-5Distance: 0.6 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 2.8 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Ralph Waldo Emerson School 58
- High: Arsenal Technical High School
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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Estimated market value
$128,400
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
$128,400
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 38 N Sherman Dr
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