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.
Active
Price cut: $10K (7/22)
$199,900
727 Terrace Ave, Indianapolis, IN 46203
2beds
1,621sqft
Residential, Single Family Residence
Built in 1920
3,484 Square Feet Lot
$196,200 Zestimate®
$123/sqft
$-- HOA
What's special
- 61 days |
- 204 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Terry Evans 260-330-0242,
Empire Real Estate LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22109751
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: $123/sqft
- Tax assessed value: $147,600
- Annual tax amount: $1,556
- Date on market: 6/23/2026
- Cumulative days on market: 62 days
Estimated market value
$196,200
$186,000 - $206,000
$1,569/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Price change | $199,900-4.8%$123/sqft |
Source:  MIBOR as distributed by MLS GRID #22109751 Report a problem | ||
| 7/15/2026 | Price change | $209,900-2.3%$129/sqft |
Source: MIBOR as distributed by MLS GRID #22109751 Report a problem | ||
| 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
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Near Southside
Nearby schools
GreatSchools rating
- 5/10James A. Garfield School 31Grades: PK-5Distance: 0.4 mi
- 4/10Edison School of the Arts 47Grades: K-8Distance: 1.7 mi
- 2/10Arsenal Technical High SchoolGrades: 9-12Distance: 2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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