Fixer upper with hardwood floors ready for a Buyer to make their own. Property sold as-is. Superb downtown neighborhood with plenty of reinvestment and improvements in surrounding properties. Neighbors have carriage houses above their garages. Very unique/historical basement with potential structural issues which has been taken into account with the list price, and price is still negotiable. Accessed in garage, and basement goes from the garage, under the patio and house, to under the front yard. It was used in the produce business when the house was originally built for the storage of bananas. Detached garage is over-sized with an industrial garage door and a workshop area. HVAC serviced 2 times/year. Basement will be completely cleaned out of all items prior to closing.
Sold
$250,000
541 E Merrill St, Indianapolis, IN 46203
2beds
2,201sqft
Residential, Single Family Residence
Built in 1955
3,484.8 Square Feet Lot
$250,600 Zestimate®
$114/sqft
$1,931 Estimated rent
Home value
$250,600
$221,000 - $281,000
$1,931/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listing Provided by:
Tom McNulty 317-507-0688,
McNulty Real Estate Services,,
Pat McNulty,
McNulty Real Estate Services,
Bought with:
Meighan Wise
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 21963124
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Hardwood
- Level: Main
- Area: 140 Square Feet
- Dimensions: 14x10
Bedroom 2
- Features: Hardwood
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Dining room
- Features: Hardwood
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Kitchen
- Features: Vinyl
- Level: Main
- Area: 240 Square Feet
- Dimensions: 20x12
Living room
- Features: Hardwood
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14x14
Utility room
- Features: Other
- Level: Basement
- Area: 1200 Square Feet
- Dimensions: 60x20
Heating
- Forced Air
Cooling
- Has cooling: Yes
Appliances
- Included: Disposal, Gas Water Heater, Electric Oven, Refrigerator
Features
- Attic Access, High Ceilings, Hardwood Floors, High Speed Internet
- Flooring: Hardwood
- Has basement: Yes
- Attic: Access Only
Interior area
- Total structure area: 2,201
- Total interior livable area: 2,201 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Alley Access, Detached, Garage Door Opener, Workshop in Garage
- Garage spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
Lot
- Size: 3,484 sqft
Details
- Parcel number: 491112218020000101
- Special conditions: As Is,Cosmetics Needed,Fixer Upper,Needs Updating,Sales Disclosure Supplements
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Water: Municipal/City
Community & neighborhood
Community
- Community features: Low Maintenance Lifestyle
Location
- Region: Indianapolis
- Subdivision: Coffmans
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Listing removed | $2,450$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/9/2026 | Listed for rent | $2,450+10.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/2/2025 | Listing removed | $2,220$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/25/2025 | Price change | $2,220-5.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/12/2024 | Listed for rent | $2,350+42.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/20/2024 | Sold | $250,000-9.1%$114/sqft |
Source:  MIBOR as distributed by MLS GRID #21963124 Report a problem | ||
| 7/5/2024 | Pending sale | $274,900$125/sqft |
Source: MIBOR as distributed by MLS GRID #21963124 Report a problem | ||
| 6/24/2024 | Price change | $274,900-8.3%$125/sqft |
Source: MIBOR as distributed by MLS GRID #21963124 Report a problem | ||
| 6/17/2024 | Price change | $299,900-3.2%$136/sqft |
Source: MIBOR as distributed by MLS GRID #21963124 Report a problem | ||
| 5/14/2024 | Price change | $309,900-4.6%$141/sqft |
Source: MIBOR as distributed by MLS GRID #21963124 Report a problem | ||
| 4/26/2024 | Price change | $325,000-3%$148/sqft |
Source: MIBOR as distributed by MLS GRID #21963124 Report a problem | ||
| 4/1/2024 | Pending sale | $335,000$152/sqft |
Source: MIBOR as distributed by MLS GRID #21963124 Report a problem | ||
| 3/30/2024 | Price change | $335,000+3.1%$152/sqft |
Source: MIBOR as distributed by MLS GRID #21963124 Report a problem | ||
| 3/26/2024 | Listed for sale | $325,000+40.7%$148/sqft |
Source: MIBOR as distributed by MLS GRID #21963124 Report a problem | ||
| 5/4/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 4/26/2022 | Listed for rent | $1,650+6.5%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/3/2020 | Listing removed | $1,550$1/sqft |
Source: Owner Report a problem | ||
| 12/23/2019 | Listed for rent | $1,550+3.3%$1/sqft |
Source: Owner Report a problem | ||
| 11/23/2018 | Listing removed | $1,500$1/sqft |
Source: Owner Report a problem | ||
| 10/18/2018 | Price change | $1,500-3.2%$1/sqft |
Source: Owner Report a problem | ||
| 10/5/2018 | Listed for rent | $1,550$1/sqft |
Source: Owner Report a problem | ||
| 5/24/2018 | Sold | $231,000+0.9%$105/sqft |
Source: MIBOR as distributed by MLS GRID #21556775 Report a problem | ||
| 4/8/2018 | Pending sale | $229,000$104/sqft |
Source: CENTURY 21 Scheetz #21556775 Report a problem | ||
| 4/6/2018 | Listed for sale | $229,000$104/sqft |
Source: CENTURY 21 Scheetz #21556775 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,370 +2.3% | $208,000 +46.5% |
| 2024 | $3,292 +2.7% | $142,000 +2.3% |
| 2023 | $3,206 +13.8% | $138,800 +2.2% |
| 2022 | $2,817 +7% | $135,800 +11.2% |
| 2021 | $2,633 +0.5% | $122,100 +7.4% |
| 2020 | $2,620 +7.3% | $113,700 +2.4% |
| 2019 | $2,442 +15.9% | $111,000 +8.3% |
| 2018 | $2,106 +3.4% | $102,500 +4.9% |
| 2017 | $2,036 -4.5% | $97,700 +4.3% |
| 2016 | $2,132 +2.5% | $93,700 -2.6% |
| 2014 | $2,080 +113.1% | $96,200 +8% |
| 2013 | $976 | $89,100 +2.5% |
| 2012 | $976 | $86,900 +0.2% |
| 2011 | -- | $86,700 |
| 2010 | $919 +8.7% | $86,700 |
| 2009 | $845 | $86,700 -2.5% |
| 2007 | -- | $88,900 +2390.2% |
| 2000 | -- | $3,570 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 1.3 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 3 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$250,600
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Estimated market value
$250,600
- Indiana
- Marion County
- Indianapolis
- 46203
- Downtown
- 541 E Merrill St
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