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Pending
    • Price cut: $75K (6/5)
    $300,000

    4038 Otterbein Ave, Indianapolis, IN 46227

    3beds
    2,288sqft
    : 
    $2,020/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1923
    10,454 Square Feet Lot
    $-- Zestimate®
    $131/sqft
    $-- HOA

    What's special

    Large closetsBeautiful hardwood floors
    Reduced $75,000! Look at this OPPORTUNITY to own 2 Homes Close to University! Separate Home for In-Law Quarters! Rentals! Best Friends! Man Cave! She Shed! The List could go on & on!! Original Major Renovations Completed on Both Homes in 2008 including Windows in Home/Basement! Larger Home has 3 Bedrooms & 3 Full Updated Baths Plus Basement! 2 Bedrooms have their own en suite along w/Large Closets! Beautiful Hardwood Floors! Frplc has been Sealed Shut! All Kitchen Appliances (except microwave) Remain w/Property including Washer/Dryer! Roof is approx 3 yrs old! Gas Furnace & Central Air - New Dec. 2025! Basement has had Interior Drainage System w/Sump Pumps Installed Covered Front Porch to Enjoy the Beautiful Campus w/Lg Mature Trees Lining the Streets! Conveniently Located close to Interstate System & Shopping! Smaller Hm is approx 672 Sq Ft w/2 Bedrms (16x14 & 13x9). Roof Approx 6 yrs old! Heatpump/C/A in 2017 along w/Electric Water Heater! (Baseboard can be used for back-up heat) Stack Washer/Dryer Remains along w/Kitchen Appliances. Semi-Tax on Smaller Hm is $898.97. All Info Listed on Computer are ONLY for Larger Hm. Both Properties must be sold together due to arrangement on Lots-Seller has obtained a Variance (see supplements).
    102 days
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    58
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    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Gina Rininger 317-997-4663,

    Crossroads Real Estate Group LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22095684MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 3
      • Main level bedrooms: 3
      Primary bedroom
      • Level: Main
      • Area: 132 Square Feet
      • Dimensions: 12x11
      Bedroom 2
      • Level: Main
      • Area: 132 Square Feet
      • Dimensions: 12x11
      Bedroom 3
      • Level: Main
      • Area: 120 Square Feet
      • Dimensions: 12x10
      Breakfast room
      • Level: Main
      • Area: 108 Square Feet
      • Dimensions: 12x9
      Dining room
      • Level: Main
      • Area: 130 Square Feet
      • Dimensions: 13x10
      Great room
      • Level: Main
      • Area: 187 Square Feet
      • Dimensions: 17x11
      Kitchen
      • Level: Main
      • Area: 98 Square Feet
      • Dimensions: 14x7
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Water Heater, Disposal, Electric Oven, Range Hood, Refrigerator, Washer, Water Softener Owned
      • Laundry: In Basement, Sink
      Features
      • Ceiling Fan(s), Hardwood Floors, High Speed Internet, In-Law Floorplan, Pantry, Walk-In Closet(s)
      • Flooring: Hardwood
      • Windows: Wood Work Painted, Wood Work Stained
      • Basement: Full,Unfinished
      Interior area
      • Total structure area: 2,288
      • Total interior livable area: 2,288 sqft
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Concrete, Storage
      • Details: Garage Parking Other(Guest Street Parking)
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered
      Lot
      • Size: 10,454 Square Feet
      • Features: Corner Lot, Sidewalks, Mature Trees, Variance
      Details
      • Additional structures: Guest House
      • Additional parcels included: 491031101001081501
      • Parcel number: 491031101001080501
      • Special conditions: Defects/None Noted,Package,Sales Disclosure On File,Sales Disclosure Supplements
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman
      • Property subtype: Residential, Single Family Residence
      Materials
      • Brick, Cement Siding
      • Foundation: Block
      Condition
      • New construction: No
      • Year built: 1923

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Water: Public
      • Utilities for property: Electricity Connected, Sep Electric Meter, Sep Gas Meter, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Security System, Security System Owned, Smoke Detector(s)
      • Subdivision: University Heights
      HOA
      • Has HOA: No
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $131/sqft
      • Tax assessed value: $156,500
      • Annual tax amount: $3,750
      • Date on market: 4/15/2026
      • Cumulative days on market: 57 days
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/8/2026Pending sale$300,000$131/sqft
        Source: MIBOR as distributed by MLS GRID #22095684 Report a problem
        6/5/2026Price change$300,000-20%$131/sqft
        Source: MIBOR as distributed by MLS GRID #22095684 Report a problem
        4/15/2026Listed for sale$375,000+334%$164/sqft
        Source: MIBOR as distributed by MLS GRID #22095684 Report a problem
        4/13/2026Listing removed$1,800$1/sqft
        Source: Zillow Rentals Report a problem
        2/14/2026Listed for rent$1,800$1/sqft
        Source: Zillow Rentals Report a problem
        7/9/2023Listing removed--
        Source: Zillow Rentals Report a problem
        2/8/2023Listed for rent$1,800+5.9%$1/sqft
        Source: Zillow Rentals Report a problem
        3/22/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        2/28/2021Listed for rent$1,700$1/sqft
        Source: Zillow Rental Manager Report a problem
        7/18/2020Listing removed$1,700$1/sqft
        Source: Owner Report a problem
        1/18/2020Listed for rent$1,700+6.3%$1/sqft
        Source: Owner Report a problem
        2/22/2017Listing removed$1,600$1/sqft
        Source: Owner Report a problem
        2/18/2017Listed for rent$1,600$1/sqft
        Source: Owner Report a problem
        5/9/2008Sold$86,400-9.1%$38/sqft
        Source: MIBOR as distributed by MLS GRID #2820830 Report a problem
        9/14/2007Sold$95,000$42/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,685 +13.3%$156,500 +0.8%
        2024$3,252 +12.3%$155,300 +13.3%
        2023$2,895 +16.5%$137,100 +11.8%
        2022$2,485 +3.5%$122,600 +13.8%
        2021$2,401 +3.8%$107,700 +3.9%
        2020$2,314 +14.7%$103,700 +5.8%
        2019$2,018 +12.6%$98,000 +15.7%
        2018$1,792 +9.7%$84,700 +2.2%
        2017$1,634 +7.2%$82,900 +9.5%
        2016$1,524 +6%$75,700 +13.8%
        2014$1,438 -5%$66,500 +1.1%
        2013$1,514 $65,800 -2.5%
        2012$1,514 $67,500 -24.6%
        2011-- $89,500
        2010$765 +53.4%$89,500 +13.9%
        2009$499 $78,600 -1.9%
        2007-- $80,100 +5.8%
        2006-- $75,700 +8.6%
        2005-- $69,700
        2004-- $69,700
        2003-- $69,700 +155.3%
        2002-- $27,300 +200%
        2001-- $9,100
        2000-- $9,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: University Heights

        Getting around

        57 / 100
        Somewhat Walkable
        38 / 100
        Some Transit
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Eleanor Skillen School 34
        • Middle: HW Longfellow Med/STEM Magnet Midl
        • 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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