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Sold for $500,000
  • $500,000

    601 Terrace Ave, Indianapolis, IN 46203

    3beds
    --sqft
    Townhouse
    Built in ----
    -- sqft lot
    $504,200 Zestimate®
    $--/sqft
    $1,674 Estimated rent

    Home value

    $504,200

    $469,000 - $545,000

    $1,674/mo

    Zestimate® history
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    $1,674/mo

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    $3,117/mo

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    What's special

    Spacious bedroomsBright open layoutUpdated flooringBeautifully updated home
    Check out this beautiful, brand new construction, home located at 601 Terrace Ave, Indianapolis, IN 46203. This home is located in one of Indianapolis' most convenient and growing neighborhoods. An inviting property offering a bright, open layout perfect for modern living, featuring spacious bedrooms, beautiful flooring, and stylish finishes throughout. The kitchen provides plenty of counter space and storage, making everyday meals or entertaining a breeze. Enjoy a private backyard ideal for relaxing, playtime, or weekend gatherings. Located just minutes from downtown, Fountain Square, local parks, and popular dining spots, this home offers the perfect blend of comfort and convenience. Ideal for young families or adults seeking a clean, well-kept space with access to everything the city has to offer. Any interested person must fill out a credit & background check prior to moving in. Tenant responsible for utilities: gas, electric, trash, water, and internet. Tenant responsible for yard work. All applicants must meet the minimum qualifications listed below. Required Documents and Screening Criteria: Valid SS# Gross monthly household income must meet or exceed 3xs the rent, either individually or combined. Each applicant over 18 must complete a rental application. A copy of your current Photo ID must be provided with each completed rental application. A copy of two current pay stubs or W2s or an offer letter must be provided with a completed rental application. A background check on all applicants over 18 will be run through a third-party credit agency. No evictions or unpaid judgements from previous landlords Credit score must be at least 650 No smoking in the house Pets: Pets will be considered during the application process on a case-by-case basis. Once tenancy begins, no additional pets will be allowed to live at the property without express consent of the property owner. Security Deposit: In order to secure the unit, a security deposit is due at the time the lease is signed. Check out this beautiful home located at 601 Terrace Ave, Indianapolis, IN 46203. A beautifully updated home in one of Indianapolis' most convenient and growing neighborhoods. This inviting property offers a bright, open layout perfect for modern living, featuring spacious bedrooms, updated flooring, and stylish finishes throughout. The kitchen provides plenty of counter space and storage, making everyday meals or entertaining a breeze. Enjoy a private backyard ideal for relaxing, playtime, or weekend gatherings. Located just minutes from downtown, Fountain Square, local parks, and popular dining spots, this home offers the perfect blend of comfort and convenience. Ideal for young families or adults seeking a clean, well-kept space with access to everything the city has to offer. Any interested person must fill out a credit & background check prior to moving in. Tenant responsible for utilities: gas, electric, trash, water, and internet. Tenant responsible for yard work. All applicants must meet the minimum qualifications listed below. Required Documents and Screening Criteria: Valid SS# Gross monthly household income must meet or exceed 3xs the rent, either individually or combined. Each applicant over 18 must complete a rental application. A copy of your current Photo ID must be provided with each completed rental application. A copy of two current pay stubs or W2s or an offer letter must be provided with a completed rental application. A background check on all applicants over 18 will be run through a third-party credit agency. No evictions or unpaid judgements from previous landlords Credit score must be at least 650 No smoking in the house Pets: Pets will be considered during the application process on a case-by-case basis. Once tenancy begins, no additional pets will be allowed to live at the property without express consent of the property owner. Security Deposit: In order to secure the unit, a security deposit is due at the time the lease is signed.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2

    Property

    Parking
    • Details: Contact manager
    Features
    • Exterior features: Electricity not included in rent, Garbage not included in rent, Gas not included in rent, Internet not included in rent, Water not included in rent
    Details
    • Parcel number: 491113123038000101

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse

    Community & neighborhood

    Location
    • Region: Indianapolis

    HOA & financial

    Other fees
    • Deposit fee: $1,995

    Price history

    DateEventPrice
    1/8/2026Listing removed$1,995
    Source: Zillow Rentals Report a problem
    12/18/2025Price change$1,995-0.3%
    Source: Zillow Rentals Report a problem
    11/15/2025Listed for rent$2,000
    Source: Zillow Rentals Report a problem
    11/10/2025Sold$500,000+481.4%
    Source: Public Record Report a problem
    4/25/2025Sold$86,000+1.2%
    Source: Public Record Report a problem
    1/14/2022Sold$85,000-8.5%
    Source: MIBOR as distributed by MLS GRID #21829126 Report a problem
    12/29/2021Pending sale$92,900+28.7%
    Source: MIBOR as distributed by MLS GRID #21829126 Report a problem
    12/14/2021Sold$72,200-22.3%
    Source: Public Record Report a problem
    12/14/2021Listed for sale$92,900+36.6%
    Source: MIBOR as distributed by MLS GRID #21829126 Report a problem
    12/26/2019Listing removed$68,000
    Source: Red Oak Real Estate Group #21635188 Report a problem
    5/8/2019Listed for sale$68,000+411.3%
    Source: Red Oak Real Estate Group #21635188 Report a problem
    9/29/2016Sold$13,299-75.8%
    Source: Public Record Report a problem
    5/1/2009Listing removed$55,000
    Source: Listhub #2918123 Report a problem
    4/16/2009Listed for sale$55,000
    Source: Listhub #2918123 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$807 -14.5%$34,000
    2024$943 -0.2%$34,000
    2023$945 -6.3%$34,000
    2022$1,009 +0.2%$34,000
    2021$1,007 $34,000
    2020-- $34,000 +794.7%
    2019$91 +12.2%$3,800
    2018$81 $3,800
    2017-- $3,800
    2016$84 +1.9%$3,800
    2014$82 -3.6%$3,800
    2013$85 $3,800
    2012$85 $3,800 -29.6%
    2011-- $5,400 -88.9%
    2010$1,008 +4.4%$48,500 +7.1%
    2009$965 $45,300 -11.7%
    2007-- $51,300

    Find assessor info on the county website

    Neighborhood: Near Southside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $504,200
    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
    $504,200