Active

Price cut: $5K (7/8)

$214,900

727 Terrace Ave, Indianapolis, IN 46203

2beds

1,621sqft

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Residential, Single Family Residence

Built in 1920

3,484 Square Feet Lot

$208,000 Zestimate^®

$133/sqft

$-- HOA

What's special

Finally! An affordable home that's move in ready downtown, 727 Terrace Avenue! This recently renovated two bedroom, one bath home offers comfortable living with updates already completed for peace of mind. The HVAC and central air system are only a few years old, while the roof was replaced in 2025. New flooring and carpet throughout give the home a fresh, modern feel, complemented by matching marble tile in both the bathroom and laundry room. Each bedroom offers comfortable living space, and the home's generous layout provides plenty of room to relax, entertain, or work from home. Situated on one of the most desirable streets in Bates Hendricks, you'll enjoy convenient access to nearby parks, popular restaurants, local bars, and downtown Indianapolis corporate offices. Whether you're looking for your next home or a turnkey investment property, 727 Terrace delivers location, updates, and value all in one package.

15 days

317

16

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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: 121 Square Feet
Dimensions: 11x11

Bedroom 2

Level: Main
Area: 121 Square Feet
Dimensions: 11x11

Dining room

Level: Main
Area: 144 Square Feet
Dimensions: 12x12

Kitchen

Level: Main
Area: 144 Square Feet
Dimensions: 12x12

Laundry

Features: Tile-Ceramic
Level: Main
Area: 64 Square Feet
Dimensions: 8x8

Living room

Level: Main
Area: 121 Square Feet
Dimensions: 11x11

Heating

Natural Gas

Cooling

Central Air

Appliances

Included: Electric Cooktop, Dryer, Disposal, Electric Oven, Refrigerator, Washer, Water Heater

Features

Attic Access
Has basement: Yes
Attic: Access Only

Interior area

Total structure area: 1,621
Total interior livable area: 1,621 sqft
Finished area below ground: 0

Property

Features

Levels: One
Stories: 1

Lot

Size: 3,484 Square Feet

Details

Parcel number: 491113123069000101
Horse amenities: None

Construction

Type & style

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

Materials

Brick
Foundation: Concrete Perimeter

Condition

New construction: No
Year built: 1920

Utilities & green energy

Water: Private

Community & HOA

Community

Subdivision: B & W

HOA

Has HOA: No

Location

Region: Indianapolis

Financial & listing details

Price per square foot: $133/sqft
Tax assessed value: $147,600
Annual tax amount: $1,556
Date on market: 6/23/2026
Cumulative days on market: 16 days

Estimated market value

$208,000

$198,000 - $218,000

$1,348/mo

Price history

Date	Event	Price
7/8/2026	Price change	$214,900-2.3%$133/sqft
Source: MIBOR as distributed by MLS GRID #22109751 Report a problem
6/23/2026	Listed for sale	$219,900+37.4%$136/sqft
Source: MIBOR as distributed by MLS GRID #22109751 Report a problem
1/27/2025	Listing removed	$1,850$1/sqft
Source: MIBOR as distributed by MLS GRID #22016218 Report a problem
1/7/2025	Listed for rent	$1,850$1/sqft
Source: MIBOR as distributed by MLS GRID #22016218 Report a problem
11/12/2024	Sold	$160,000-28.9%$99/sqft
Source: Public Record Report a problem
9/20/2024	Pending sale	$225,000$139/sqft
Source: Owner Report a problem
9/8/2024	Listed for sale	$225,000$139/sqft
Source: Owner Report a problem
9/5/2024	Pending sale	$225,000$139/sqft
Source: Owner Report a problem
2/23/2024	Listed for sale	$225,000$139/sqft
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,556 +51.2%	$147,600 +6.3%
2024	$1,029 +2%	$138,900 +0.9%
2023	$1,009 +2%	$137,700 +3%
2022	$989 -21.4%	$133,700 +12.5%
2021	$1,258 +169.9%	$118,800 +6.2%
2020	$466 +7.6%	$111,900 +83.7%
2019	$433 +13.8%	$60,900 +10.7%
2018	$381 -3.4%	$55,000 +9.1%
2017	$394 +8.6%	$50,400 -1%
2016	$363 +7.2%	$50,900 +9.9%
2014	$338 -6.8%	$46,300 +6.9%
2013	$363	$43,300 -0.2%
2012	$363	$43,400
2011	--	$43,400
2010	$338 +19.4%	$43,400 +7.2%
2009	$283	$40,500 -11.8%
2007	--	$45,900 -8%
2006	--	$49,900 +58.9%
2005	--	$31,400
2004	--	$31,400
2003	--	$31,400 +210.9%
2002	--	$10,100 +200.6%
2001	--	$3,360 -12.3%
2000	--	$3,830

Find assessor info on the county website

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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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