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Sold
    • $62,500

    518 S State Ave, Indianapolis, IN 46203

    2beds
    736sqft
    Residential, Single Family Residence
    Built in 1930
    1,306 Square Feet Lot
    $62,500 Zestimate®
    $85/sqft
    $1,141 Estimated rent

    Home value

    $62,500

    $59,000 - $66,000

    $1,141/mo

    Zestimate® history
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    Owner options

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    $1,141/mo

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    $1,141/mo

    Rent Zestimate®

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    $314/mo

    Est. payment

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    $314/mo

    Est. payment

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    What's special

    Opportunity awaits in the Fountain Square area! This 2-bedroom, 1-bath home offers flexibility for a variety of buyers, whether you're seeking a primary residence, rental property, or investment opportunity. Previously utilized as a professionally managed rental, the property is conveniently located near local dining, entertainment, and downtown Indianapolis. Explore the possibilities and make it your own.

    Zillow last checked:

    Listing updated:

    Listed by:

    Amanda Hull 317-223-1405,

    Thrive Real Estate LLC

    Bought with:

    Yuri Guzman

    VISION Casa Realty LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22105864MLS Logo

    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: 110 Square Feet
    • Dimensions: 10x11
    Bedroom 2
    • Level: Main
    • Area: 110 Square Feet
    • Dimensions: 10x11
    Kitchen
    • Level: Main
    • Area: 120 Square Feet
    • Dimensions: 10x12
    Living room
    • Level: Main
    • Area: 180 Square Feet
    • Dimensions: 12x15
    Heating
    • Forced Air
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Refrigerator, Water Heater
    Features
    • Windows: Wood Work Painted
    • Has basement: No
    Interior area
    • Total structure area: 736
    • Total interior livable area: 736 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 1,306 Square Feet
    Details
    • Parcel number: 491007112335000101
    • Special conditions: As Is,Broker Owned
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Residential, Single Family Residence
    Materials
    • Block
    • Foundation: Crawl Space
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Water: Public

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: No Subdivision
    HOA
    • Has HOA: No
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $85/sqft
    • Tax assessed value: $64,100
    • Annual tax amount: $1,468
    • Date on market: 6/3/2026
    • Cumulative days on market: 5 days

    Price history

    DateEventPrice
    6/18/2026Sold$62,500+4.2%$85/sqft
    Source: MIBOR as distributed by MLS GRID #22105864 Report a problem
    6/8/2026Pending sale$59,999$82/sqft
    Source: MIBOR as distributed by MLS GRID #22105864 Report a problem
    6/3/2026Listed for sale$59,999$82/sqft
    Source: MIBOR as distributed by MLS GRID #22105864 Report a problem
    5/19/2026Listing removed$725$1/sqft
    Source: Zillow Rentals Report a problem
    4/28/2026Price change$725-12.1%$1/sqft
    Source: Zillow Rentals Report a problem
    4/2/2026Listed for rent$825$1/sqft
    Source: Zillow Rentals Report a problem
    2/23/2026Listing removed$825$1/sqft
    Source: Zillow Rentals Report a problem
    2/16/2026Listed for rent$825$1/sqft
    Source: Zillow Rentals Report a problem
    2/16/2026Listing removed$825$1/sqft
    Source: Zillow Rentals Report a problem
    10/30/2025Price change$825-2.9%$1/sqft
    Source: Zillow Rentals Report a problem
    10/24/2025Price change$850-5.6%$1/sqft
    Source: Zillow Rentals Report a problem
    10/15/2025Listed for rent$900+80%$1/sqft
    Source: Zillow Rentals Report a problem
    5/19/2017Listing removed$500$1/sqft
    Source: Lease 317 Report a problem
    3/7/2017Listed for rent$500$1/sqft
    Source: Lease 317 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,469 +0%$64,100 +3.6%
    2024$1,468 +4.9%$61,900
    2023$1,400 +23.1%$61,900 +4.4%
    2022$1,137 +12.9%$59,300 +20.3%
    2021$1,007 +22.3%$49,300 +13.3%
    2020$824 +8.8%$43,500 +24.6%
    2019$758 -1.2%$34,900 +9.7%
    2018$767 +235.6%$31,800 +5.6%
    2017$228 +14.9%$30,100 +8.3%
    2016$199 +16.3%$27,800 +18.8%
    2014$171 -75.5%$23,400 +9.3%
    2013$698 $21,400 -31.2%
    2012$698 $31,100 -5.8%
    2011-- $33,000
    2010$686 +7.7%$33,000 +10.4%
    2009$637 $29,900 -2.6%
    2007-- $30,700 +47.6%
    2003-- $20,800 +181.1%
    2002-- $7,400 +199.6%
    2001-- $2,470
    2000-- $2,470
    Find assessor info on the county website

    Neighborhood: Fountain Square

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    Estimated market value
    $62,500
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    Estimated market value
    $62,500

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