Pending

$499,000

550 Sutherland Ave, Indianapolis, IN 46205

4beds

3,618sqft

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Residential, Single Family Residence

Built in 1955

0.33 Acres Lot

$466,700 Zestimate^®

$138/sqft

$-- HOA

What's special

Siding has been completed

Investors or Renovation Loan Buyers, don't miss this property. This home boasts .33 acres with views of Fall Creek. One of the bigger lots in this close of proximity to downtown, this home has room to build a garage, and/or carriage home. Renovation was started, but due to life changes, Seller has decided to unload. ARV Comps are GREAT, leaving you with tons of potential for profit or equity. One of the bigger homes, and bigger lots, with all the dirty work mostly done, don't miss this opportunity to swoop in and make this home yours. Siding has been completed, it's down to the studs, plumbing, electrical, HVAC, and framing almost finished. Come add your touches before drywall and finishes. Plans attached for your reference.

75 days

88

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Features: Other
Level: Upper
Area: 260 Square Feet
Dimensions: 20x13

Bedroom 2

Features: Other
Level: Upper
Area: 182 Square Feet
Dimensions: 13x14

Bedroom 3

Features: Other
Level: Upper
Area: 195 Square Feet
Dimensions: 15x13

Bedroom 4

Features: Other
Level: Upper
Area: 182 Square Feet
Dimensions: 13x14

Other

Features: Other
Level: Upper
Area: 570 Square Feet
Dimensions: 19x30

Dining room

Features: Other
Level: Main
Area: 260 Square Feet
Dimensions: 20x13

Kitchen

Features: Other
Level: Main
Area: 340 Square Feet
Dimensions: 17x20

Laundry

Features: Other
Level: Main
Area: 42 Square Feet
Dimensions: 6x7

Living room

Features: Other
Level: Main
Area: 357 Square Feet
Dimensions: 17x21

Heating

Forced Air

Cooling

None

Appliances

Included: None

Features

Pantry, Walk-In Closet(s)
Has basement: Yes

Interior area

Total structure area: 3,618
Total interior livable area: 3,618 sqft
Finished area below ground: 0

Property

Features

Levels: Tri-Level
Has view: Yes
View description: Creek/Stream
Has water view: Yes
Water view: Creek/Stream
Waterfront features: Water View

Lot

Size: 0.33 Acres
Features: Sidewalks, Mature Trees

Details

Parcel number: 490625129003000101
Special conditions: As Is,Broker Owned
Horse amenities: None

Construction

Type & style

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

Materials

Cement Siding
Foundation: Brick/Mortar, Cellar

Condition

Fixer,Under Construction
New construction: No
Year built: 1955

Utilities & green energy

Water: Public

Community & HOA

Community

Subdivision: No Subdivision

HOA

Has HOA: No

Location

Region: Indianapolis

Financial & listing details

Price per square foot: $138/sqft
Tax assessed value: $212,300
Annual tax amount: $440
Date on market: 4/22/2026
Cumulative days on market: 47 days

Estimated market value

$466,700

$443,000 - $490,000

$2,976/mo

Price history

Date	Event	Price
6/11/2026	Pending sale	$499,000$138/sqft
Source: MIBOR as distributed by MLS GRID #22096871 Report a problem
5/28/2026	Listed for sale	$499,000$138/sqft
Source: MIBOR as distributed by MLS GRID #22096871 Report a problem
4/28/2026	Pending sale	$499,000$138/sqft
Source: MIBOR as distributed by MLS GRID #22096871 Report a problem
4/22/2026	Listed for sale	$499,000+109.6%$138/sqft
Source: MIBOR as distributed by MLS GRID #22096871 Report a problem
5/8/2025	Sold	$238,050+3.5%$66/sqft
Source: MIBOR as distributed by MLS GRID #22027060 Report a problem
4/6/2025	Pending sale	$230,000$64/sqft
Source: MIBOR as distributed by MLS GRID #22027060 Report a problem
4/2/2025	Listed for sale	$230,000$64/sqft
Source: MIBOR as distributed by MLS GRID #22027060 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$343 +2%	$212,300 +5.6%
2024	$336 +2%	$201,000
2023	$330 +2%	$201,000 +42.4%
2022	$323 +2%	$141,200 +6.7%
2021	$317 +2%	$132,300
2020	$311 +2%	$132,300 +3.6%
2019	$305 -7.9%	$127,700 +29.1%
2018	$331 -10.1%	$98,900 +2.4%
2017	$368 -34.1%	$96,600 +11.4%
2016	$559 +2%	$86,700 -12.2%
2014	$548 -5.7%	$98,800
2013	$581	$98,800 +2.3%
2012	$581	$96,600 -4.4%
2011	--	$101,000
2010	$574 +2%	$101,000
2009	$563	$101,000 +2.2%
2007	--	$98,800 -11.9%
2006	--	$112,200 +19%
2005	--	$94,300
2004	--	$94,300
2003	--	$94,300 +398.9%
2002	--	$18,900 +200%
2001	--	$6,300
2000	--	$6,300

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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