This bi-level home in Wayne Township is priced to sell and offers great potential for an investor or buyer looking to build equity. Situated on a .45-acre lot with a covered front porch and fenced backyard, kids can even walk to school right from the yard. The home includes a 1-car garage with automatic opener, a partly finished basement with space to add a bedroom and full bath, a new stove, gas heat, central air, and city water and sewer. Major updates have already been completed, including a furnace and roof approximately 10 years old, a water heater around 5 years old, and updated electrical. With easy interstate access and plenty of potential, this property is ready for its next chapter.
Sold
$150,000
4927 W Southern Ave, Indianapolis, IN 46241
3beds
1,656sqft
Residential, Single Family Residence
Built in 1964
0.45 Acres Lot
$197,000 Zestimate®
$91/sqft
$1,805 Estimated rent
Home value
$197,000
$171,000 - $219,000
$1,805/mo
Zestimate® history
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$981/mo
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Zillow last checked:
Listing updated:
Listed by:
Megan Riggen 317-987-5412,
Mark Dietel Realty, LLC
Bought with:
Jasdeep Kaur
Mark Dietel Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22062137
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12x13
Bedroom 2
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Bedroom 3
- Level: Main
- Area: 99 Square Feet
- Dimensions: 9x11
Kitchen
- Level: Main
- Area: 204 Square Feet
- Dimensions: 17x12
Living room
- Level: Main
- Area: 204 Square Feet
- Dimensions: 12x17
Play room
- Features: Other
- Level: Basement
- Area: 480 Square Feet
- Dimensions: 20x24
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Dishwasher, Disposal, Refrigerator, Water Heater
Features
- Ceiling Fan(s)
- Basement: Partially Finished
Interior area
- Total structure area: 1,656
- Total interior livable area: 1,656 sqft
- Finished area below ground: 462
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Fencing: Fenced,Chain Link
Lot
- Size: 0.45 Acres
Details
- Parcel number: 491119103019000900
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $91/sqft
- Tax assessed value: $153,100
- Annual tax amount: $1,782
- Date on market: 9/11/2025
- Cumulative days on market: 2 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Price change | $1,200-81.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/3/2025 | Listed for rent | $6,500+1529.1%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2025 | Listing removed | $399 |
Source: Zillow Rentals Report a problem | ||
| 11/21/2025 | Price change | $399-92% |
Source: Zillow Rentals Report a problem | ||
| 11/17/2025 | Price change | $5,000+127.3%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/16/2025 | Price change | $2,200-13.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/15/2025 | Listed for rent | $2,550$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/30/2025 | Sold | $150,000$91/sqft |
Source:  MIBOR as distributed by MLS GRID #22062137 Report a problem | ||
| 9/13/2025 | Pending sale | $150,000$91/sqft |
Source: MIBOR as distributed by MLS GRID #22062137 Report a problem | ||
| 9/11/2025 | Listed for sale | $150,000$91/sqft |
Source: MIBOR as distributed by MLS GRID #22062137 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,782 +7.6% | $153,100 -1.1% |
| 2024 | $1,656 +3.2% | $154,800 +6.6% |
| 2023 | $1,605 +35.6% | $145,200 +4.4% |
| 2022 | $1,183 +9.3% | $139,100 +45.8% |
| 2021 | $1,083 +3.5% | $95,400 +7.8% |
| 2020 | $1,047 +54.1% | $88,500 +2.9% |
| 2019 | $679 -5.7% | $86,000 +30.5% |
| 2018 | $720 -11.4% | $65,900 +0.6% |
| 2017 | $813 +14% | $65,500 -5.5% |
| 2016 | $713 +9.5% | $69,300 -1.1% |
| 2014 | $651 +1.2% | $70,100 +2.9% |
| 2013 | $643 | $68,100 +1.8% |
| 2012 | $643 | $66,900 -3.9% |
| 2011 | -- | $69,600 -7.4% |
| 2010 | $648 +2.3% | $75,200 -3.8% |
| 2009 | $633 | $78,200 -12.3% |
| 2007 | -- | $89,200 |
Find assessor info on the county website
Neighborhood: Mars Hill
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Nearby schools
GreatSchools rating
- 5/10Stout Field Elementary SchoolGrades: PK-6Distance: 1 mi
- 4/10Lynhurst 7th & 8th Grade CenterGrades: 7-8Distance: 0.2 mi
- 3/10Ben Davis High SchoolGrades: 10-12Distance: 4.5 mi
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Estimated market value
$197,000
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
$197,000
- Indiana
- Marion County
- Indianapolis
- 46241
- Mars Hill
- 4927 W Southern Ave
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