Terrific all limestone ranch with three bedrooms, one and a half bath, full basement, attached two car garage, big side yard with access door from house, covered front porch....and for under $260,000!!! Amazing value and quality. Undated electrical panel, good storage, sump pump in basement, almost new HVAC (either 2023/2024), wood burning fireplaces in living room on main and in basement recreation room! Lots to appreciate for either a starter home or an investment property. Easy to show!
Active
$238,900
506 Lawrence Ave, Indianapolis, IN 46227
3beds
2,028sqft
Residential, Single Family Residence
Built in 1954
0.26 Acres Lot
$-- Zestimate®
$118/sqft
$-- HOA
What's special
Full basementCovered front porchThree bedroomsAll limestone ranchGood storageAlmost new hvacAttached two car garage
- 84 days |
- 669 |
- 43 |
Zillow last checked:
Listing updated:
Listed by:
Alice Steppe 317-828-4020,
Real Broker, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22097285
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Bedroom 2
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Bedroom 3
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Dining room
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9x9
Kitchen
- Level: Main
- Area: 104 Square Feet
- Dimensions: 13x8
Living room
- Level: Main
- Area: 320 Square Feet
- Dimensions: 16x20
Play room
- Features: Other
- Level: Main
- Area: 216 Square Feet
- Dimensions: 18x12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Water Heater, Electric Oven, Refrigerator
- Laundry: Connections All, In Basement
Features
- Attic Access, Entrance Foyer
- Windows: Wood Work Painted
- Basement: Finished Walls
- Attic: Access Only
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,028
- Total interior livable area: 2,028 sqft
- Finished area below ground: 253
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Garage Parking Other(Finished Garage, Garage Door Opener, Guest Street Parking, Service Door)
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Fencing: Fenced,Full,Privacy
Lot
- Size: 0.26 Acres
- Features: Corner Lot
Details
- Additional structures: Barn Mini
- Parcel number: 491136120007000574
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Stone
- Foundation: Block
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Electric: 200+ Amp Service
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Homedell
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $118/sqft
- Tax assessed value: $210,400
- Annual tax amount: $4,874
- Date on market: 4/23/2026
- Cumulative days on market: 86 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Listed for sale | $238,900-7.4%$118/sqft |
Source:  MIBOR as distributed by MLS GRID #22097285 Report a problem | ||
| 4/20/2026 | Listing removed | $257,900$127/sqft |
Source: MIBOR as distributed by MLS GRID #22080804 Report a problem | ||
| 1/20/2026 | Listed for sale | $257,900-0.8%$127/sqft |
Source: MIBOR as distributed by MLS GRID #22080804 Report a problem | ||
| 1/20/2026 | Listing removed | $259,900$128/sqft |
Source: MIBOR as distributed by MLS GRID #22068468 Report a problem | ||
| 10/17/2025 | Listed for sale | $259,900+430.4%$128/sqft |
Source: MIBOR as distributed by MLS GRID #22068468 Report a problem | ||
| 12/28/2009 | Sold | $49,000-59.2%$24/sqft |
Source: MIBOR as distributed by MLS GRID #2947301 Report a problem | ||
| 6/27/2005 | Sold | $120,000$59/sqft |
Source: MIBOR as distributed by MLS GRID #2529709 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,874 +4.4% | $210,400 +9.9% |
| 2024 | $4,671 +10.8% | $191,500 +4.2% |
| 2023 | $4,215 +19.3% | $183,700 +11.5% |
| 2022 | $3,532 -0.1% | $164,800 +21.1% |
| 2021 | $3,535 +127.2% | $136,100 +0.5% |
| 2020 | $1,556 +13.3% | $135,400 +128.7% |
| 2019 | $1,374 +20.3% | $59,200 +12.1% |
| 2018 | $1,142 -19.1% | $52,800 +23.9% |
| 2017 | $1,412 -10.3% | $42,600 -16.8% |
| 2016 | $1,574 +2.1% | $51,200 -19.4% |
| 2014 | $1,541 +2.6% | $63,500 |
| 2013 | $1,501 | $63,500 +3.4% |
| 2012 | $1,501 | $61,400 -14.7% |
| 2011 | -- | $72,000 -41.1% |
| 2010 | $2,446 +0% | $122,200 |
| 2009 | $2,445 | $122,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: North Perry
Nearby schools
GreatSchools rating
- 6/10Abraham Lincoln Elementary SchoolGrades: 1-5Distance: 1.3 mi
- 8/10Perry Meridian Middle SchoolGrades: 7-8Distance: 3.7 mi
- 9/10Perry Meridian High SchoolGrades: 9-12Distance: 3.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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