Active

Price cut: $20K (9/19)

$155,000

481 S Somerset Ave, Indianapolis, IN 46241

2beds

1,440sqft

$1,161/mo

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Residential, Single Family Residence

Built in 1948

7,405 Square Feet Lot

$-- Zestimate^®

$108/sqft

$-- HOA

What's special

Two-car detached garageOriginal built-insArched doorwaysStorm doorsAll new appliances

Step inside this cute 2 bedroom, 1 bathroom bungalow with a two-car detached garage in Wayne Township. It's ready for its new owner! Recent updates include luxury vinyl plank flooring throughout, all new appliances, storm doors and some updated fixtures. This cozy home has a Brand New Roof, and the Electrical Panel was updated 3 years ago. Enjoy the characteristics of this cozy home with arched doorways and original built-ins. Spread out in the full basement which has an interior drain tile system w/lifetime warranty. Step outside to a nice size wooden deck out front and a spacious backyard that has a fenced-in yard. Great space for all your family gatherings. Quick commute to downtown, Plainfield and the airport! Close to so many amenities. Whether it's Sport Complexes or parks, you have some many places to take adventures. Don't miss out on this adorable home, schedule your showing today.

62 days
307
35

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2

Primary bedroom

Level: Main
Area: 96 Square Feet
Dimensions: 12x8

Bedroom 2

Level: Main
Area: 110 Square Feet
Dimensions: 10X11

Kitchen

Level: Main
Area: 88 Square Feet
Dimensions: 11x8

Living room

Level: Main
Area: 176 Square Feet
Dimensions: 11x16

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Electric Cooktop, Dryer, Gas Water Heater, Humidifier, Microwave, Electric Oven, Refrigerator, Washer, Water Heater, Water Purifier
Laundry: In Basement

Features

Attic Access, Built-in Features, High Speed Internet, Eat-in Kitchen
Basement: Unfinished
Attic: Access Only

Interior area

Total structure area: 1,440
Total interior livable area: 1,440 sqft
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2
Details: Garage Parking Other(Other)

Features

Levels: One
Stories: 1
Patio & porch: Porch
Exterior features: Gutter Guards, Fire Pit
Fencing: Fenced,Full,Gate
Has view: Yes
View description: Neighborhood, Trees/Woods

Lot

Size: 7,405 Square Feet

Details

Parcel number: 491108136005000930
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Residential, Single Family Residence

Materials

Vinyl Siding
Foundation: Block

Condition

New construction: No
Year built: 1948

Utilities & green energy

Electric: 200+ Amp Service
Water: Public
Utilities for property: Electricity Connected

Community & HOA

Community

Subdivision: No Subdivision

HOA

Has HOA: No

Location

Region: Indianapolis

Financial & listing details

Price per square foot: $108/sqft
Tax assessed value: $125,700
Annual tax amount: $1,426
Date on market: 8/17/2026
Cumulative days on market: 35 days
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/19/2026	Price change	$155,000-11.4%$108/sqft
Source: MIBOR as distributed by MLS GRID #22119142 Report a problem
8/21/2026	Pending sale	$175,000$122/sqft
Source: MIBOR as distributed by MLS GRID #22119142 Report a problem
8/17/2026	Listed for sale	$175,000+40%$122/sqft
Source: MIBOR as distributed by MLS GRID #22119142 Report a problem
5/5/2023	Sold	$125,000-3.8%$87/sqft
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem
4/10/2023	Pending sale	$130,000$90/sqft
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem
4/3/2023	Listed for sale	$130,000$90/sqft
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem
3/20/2023	Pending sale	$130,000$90/sqft
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem
3/13/2023	Listed for sale	$130,000+4%$90/sqft
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem
2/9/2023	Listing removed	--
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem
2/1/2023	Pending sale	$125,000$87/sqft
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem
1/12/2023	Listed for sale	$125,000$87/sqft
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem
12/28/2022	Pending sale	$125,000$87/sqft
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem
12/22/2022	Listed for sale	$125,000$87/sqft
Source: MIBOR as distributed by MLS GRID #21896951 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,347 -33.5%	$125,700 +5.5%
2024	$2,026 +4.3%	$119,100 +38.2%
2023	$1,941 +10.6%	$86,200 +4.4%
2022	$1,755 +19.7%	$82,600 +27.1%
2021	$1,466 +7.3%	$65,000 +19.7%
2020	$1,366 +12.2%	$54,300 +7.3%
2019	$1,217 -9.9%	$50,600 -2.3%
2018	$1,350 -15.5%	$51,800 -7.7%
2017	$1,598 +23.2%	$56,100
2016	$1,297 +19.4%	$56,100 +3.3%
2014	$1,086 +2.5%	$54,300 +2.3%
2013	$1,060	$53,100 +0.2%
2012	$1,060	$53,000 +3.3%
2011	--	$51,300 -1.3%
2010	$1,040 -4.4%	$52,000 -4.4%
2009	$1,088	$54,400 +1.1%
2007	--	$53,800