Finding a home this updated, in a location like this, at this price point? Rare. This move-in-ready townhome sits on one of Emerson Heights' most welcoming streets, just minutes from downtown, Irvington, and Ellenberger Park. Inside, you'll find an open layout with updated LVP flooring, a fully renovated kitchen, and a convenient half bath on the main floor. The top-of-the-line washer and dryer are also located on the main level for added ease. Upstairs are two comfortable bedrooms and a fully updated bathroom with clean, modern finishes. Step outside and enjoy a covered front porch that's perfect for relaxing, plus a brand-new back deck (April 2025) that overlooks a spacious, privacy-fenced backyard-ideal for entertaining, pets, or a garden. Additional updates include a brand-new AC unit (April 2025) and custom window treatments throughout. Whether you're a first-time buyer, investor, or simply looking for a low-maintenance home in a well-loved neighborhood, this one delivers serious value.
Sold
$157,250
601 Wallace Ave, Indianapolis, IN 46201
2beds
1,576sqft
Residential, Single Family Residence
Built in 1915
3,049 Square Feet Lot
$164,900 Zestimate®
$100/sqft
$1,717 Estimated rent
Home value
$164,900
$157,000 - $173,000
$1,717/mo
Zestimate® history
Owner options
List your home for rent
$1,717/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,717/mo
Rent Zestimate®
Refinance and save
$1,028/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,028/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Michelle Romano-Moss 808-799-2575,
Keller Williams Indpls Metro N
Bought with:
Amanda Hadley
F.C. Tucker Company
Rob Measel
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22031356
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 2
- Level: Upper
- Area: 130 Square Feet
- Dimensions: 13x10
Dining room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Kitchen
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15x13
Living room
- Level: Main
- Area: 208 Square Feet
- Dimensions: 16X13
Heating
- Electric, Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Electric Oven, Refrigerator, Washer
- Laundry: Main Level
Features
- Ceiling Fan(s)
- Basement: Unfinished
Interior area
- Total structure area: 1,576
- Total interior livable area: 1,576 sqft
- Finished area below ground: 0
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
- Fencing: Fenced,Full
Lot
- Size: 3,049 Square Feet
- Features: Sidewalks
Details
- Parcel number: 491004101067001101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Emerson Heights
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $135,800
- Annual tax amount: $448
- Date on market: 4/10/2025
- Cumulative days on market: 76 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listing removed | $168,000$107/sqft |
Source:  MIBOR as distributed by MLS GRID #22101529 Report a problem | ||
| 6/8/2026 | Price change | $168,000-4%$107/sqft |
Source: MIBOR as distributed by MLS GRID #22101529 Report a problem | ||
| 5/27/2026 | Price change | $175,000-2.7%$111/sqft |
Source: MIBOR as distributed by MLS GRID #22101529 Report a problem | ||
| 5/14/2026 | Listed for sale | $179,900+14.4%$114/sqft |
Source: MIBOR as distributed by MLS GRID #22101529 Report a problem | ||
| 7/31/2025 | Sold | $157,250-0.5%$100/sqft |
Source: MIBOR as distributed by MLS GRID #22031356 Report a problem | ||
| 7/3/2025 | Pending sale | $158,000$100/sqft |
Source: MIBOR as distributed by MLS GRID #22031356 Report a problem | ||
| 6/26/2025 | Listed for sale | $158,000$100/sqft |
Source: MIBOR as distributed by MLS GRID #22031356 Report a problem | ||
| 6/18/2025 | Pending sale | $158,000$100/sqft |
Source: MIBOR as distributed by MLS GRID #22031356 Report a problem | ||
| 5/21/2025 | Price change | $158,000-6%$100/sqft |
Source: MIBOR as distributed by MLS GRID #22031356 Report a problem | ||
| 5/14/2025 | Price change | $168,000-1.2%$107/sqft |
Source: MIBOR as distributed by MLS GRID #22031356 Report a problem | ||
| 4/10/2025 | Listed for sale | $170,000+6.3%$108/sqft |
Source: MIBOR as distributed by MLS GRID #22031356 Report a problem | ||
| 9/9/2024 | Listing removed | $160,000$102/sqft |
Source: MIBOR as distributed by MLS GRID #21989505 Report a problem | ||
| 8/27/2024 | Price change | $160,000-11.1%$102/sqft |
Source: MIBOR as distributed by MLS GRID #21989505 Report a problem | ||
| 7/18/2024 | Price change | $179,900-5.3%$114/sqft |
Source: MIBOR as distributed by MLS GRID #21989505 Report a problem | ||
| 7/9/2024 | Listed for sale | $190,000+66.7%$121/sqft |
Source: MIBOR as distributed by MLS GRID #21989505 Report a problem | ||
| 7/17/2020 | Sold | $114,000-21.4%$72/sqft |
Source: Public Record Report a problem | ||
| 3/10/2020 | Price change | $145,000-2.7%$92/sqft |
Source: Berkshire Hathaway Home #21679600 Report a problem | ||
| 11/5/2019 | Listed for sale | $149,000+271.2%$95/sqft |
Source: Berkshire Hathaway Home #21679600 Report a problem | ||
| 3/29/2006 | Sold | $40,138$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,309 +7% | $135,800 +9.1% |
| 2024 | $1,223 +172.6% | $124,500 +1.2% |
| 2023 | $449 +17.3% | $123,000 +64.7% |
| 2022 | $383 +21.1% | $74,700 +20.3% |
| 2021 | $316 | $62,100 +16.1% |
| 2020 | -- | $53,500 -41.3% |
| 2019 | $1,127 +16.3% | $91,100 +11.8% |
| 2018 | $969 +8.5% | $81,500 +9.1% |
| 2017 | $893 +10.8% | $74,700 +10% |
| 2016 | $806 -9.6% | $67,900 -5.8% |
| 2014 | $892 -21.5% | $72,100 -14.5% |
| 2013 | $1,137 | $84,300 +0.6% |
| 2012 | $1,137 | $83,800 +23.1% |
| 2011 | -- | $68,100 |
| 2010 | $794 +1.3% | $68,100 |
| 2009 | $784 | $68,100 -5.8% |
| 2007 | -- | $72,300 +0.1% |
| 2006 | -- | $72,200 |
| 2005 | -- | $72,200 |
| 2004 | -- | $72,200 |
| 2003 | -- | $72,200 +202.1% |
| 2002 | -- | $23,900 +324.5% |
| 2001 | -- | $5,630 |
| 2000 | -- | $5,630 |
Find assessor info on the county website
Neighborhood: Near Eastside
Nearby homes
- $169,3002 bd2 ba-- sqft601 Wallace Ave #1, Indianapolis, IN 46201Off Market
- $166,0002 bd2 ba1.7k sqft603 Wallace St, Indianapolis, IN 46201Off Market
- $197,0002 bd1 ba1.1k sqft603 Wallace Ave, Indianapolis, IN 46201Off Market
- $187,3001 bd0 ba1.7k sqft529 Wallace Ave, Indianapolis, IN 46201Off Market
- $123,5002 bd1 ba1.7k sqft607 Wallace Ave, Indianapolis, IN 46201Off Market
- $165,6003 bd-- ba1.1k sqft525 Wallace Ave, Indianapolis, IN 46201Off Market
- $176,5001 bd1 ba-- sqft609 Wallace Ave, Indianapolis, IN 46201Off Market
- $192,4004 bd2 ba1.7k sqft529 N Wallace Ave, Indianapolis, IN 46201Off Market
Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-5Distance: 0.3 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 3.5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Ralph Waldo Emerson School 58
- High: Arsenal Technical High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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
$164,900
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
$164,900
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 601 Wallace Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Indianapolis Topics
