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For sale by owner
  • Price cut: $5K (8/14)
    $242,500

    8035 Red Barn Cir, Indianapolis, IN 46239

    3beds
    1,422sqft
    : 
    $1,659/mo
    Get pre-qualified
    SingleFamily
    Built in 2002
    7,410 Square Feet Lot
    $-- Zestimate®
    $171/sqft
    $27/mo HOA

    What's special

    Attached garageQuiet cul-de-sac
    Attractive 3-bedroom, 2-bathroom ranch-style single-family home offering approximately 1,422 square feet of comfortable living space on a quiet cul-de-sac in Franklin Township (Galludet / Wildcat Run area). This well-located property features a practical split floor plan that provides enhanced privacy, with a master suite that includes both a tub and shower. Enjoy a large backyard with a concrete patio ideal for outdoor living or entertaining. The home includes an attached garage and modern conveniences such as EV charging readiness and a WiFi-enabled video doorbell. Residents benefit from community amenities including an HOA swimming pool and playground. Conveniently situated near the new Kroger on Southport Road, within walking distance of the Franklin Road Library, and close to local schools and parks. Important investment note: The property is currently tenant-occupied. The existing lease runs with tenant rights through approximately April 2027 (noted as April 31st). The new owner will assume the lease and receive $1,700 per month in rental income. This makes the home an excellent turnkey investment opportunity with immediate cash flow. Priced right around current market estimates (Zestimate approximately $247,800; recent estimates in the mid-$240ks range). Solid single-family rental in a desirable Indianapolis location. Ideal for investors seeking positive cash flow or buyers open to assuming a performing lease. Contact for more details, showing arrangements (subject to tenant rights), or to schedule a review of the lease.
    8 days
    |
    449
    |
    27
    |
    Listed by:

    Property Owner (317) 379-1932

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Forced air, Gas
      Cooling
      • Central
      Appliances
      • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
      • Laundry: In Unit
      Features
      • Flooring: Laminate
      • Basement: None
      Interior area
      • Total interior livable area: 1,422 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage - Attached
      Features
      • Exterior features: Vinyl, Brick
      Lot
      • Size: 7,410 Square Feet
      Details
      • Parcel number: 491606103064000300

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • masonry
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 2002

      Community & HOA

      HOA
      • Has HOA: Yes
      • HOA fee: $27 monthly
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $171/sqft
      • Tax assessed value: $225,600
      • Annual tax amount: $4,222
      • Date on market: 8/11/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,826/mo

        Price history

        DateEventPrice
        8/14/2026Price change$242,500-2%$171/sqft
        Source: Owner Report a problem
        8/11/2026Listed for sale$247,500$174/sqft
        Source: Owner Report a problem
        3/24/2026Listing removed$1,700$1/sqft
        Source: Zillow Rentals Report a problem
        3/16/2026Price change$1,700-1.4%$1/sqft
        Source: Zillow Rentals Report a problem
        2/28/2026Price change$1,725-1.1%$1/sqft
        Source: Zillow Rentals Report a problem
        2/26/2026Price change$1,745+2.6%$1/sqft
        Source: Zillow Rentals Report a problem
        2/5/2026Listed for rent$1,700+3.3%$1/sqft
        Source: Zillow Rentals Report a problem
        1/9/2025Listing removed$1,645$1/sqft
        Source: Zillow Rentals Report a problem
        12/19/2024Price change$1,645+6.5%$1/sqft
        Source: Zillow Rentals Report a problem
        12/4/2024Price change$1,545-6.1%$1/sqft
        Source: Zillow Rentals Report a problem
        11/20/2024Price change$1,645-3.2%$1/sqft
        Source: Zillow Rentals Report a problem
        11/13/2024Listed for rent$1,700+7.9%$1/sqft
        Source: Zillow Rentals Report a problem
        9/3/2023Listing removed--
        Source: Zillow Rentals Report a problem
        8/26/2023Price change$1,575-3.1%$1/sqft
        Source: Zillow Rentals Report a problem
        8/17/2023Price change$1,625-4.4%$1/sqft
        Source: Zillow Rentals Report a problem
        8/7/2023Price change$1,700-2.9%$1/sqft
        Source: Zillow Rentals Report a problem
        8/4/2023Listed for rent$1,750+18.6%$1/sqft
        Source: Zillow Rentals Report a problem
        6/13/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        6/9/2021Listed for rent$1,475+13.5%$1/sqft
        Source: Zillow Rental Manager Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        4/25/2019Listing removed$1,300$1/sqft
        Source: Owner Report a problem
        3/6/2019Listed for rent$1,300$1/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,222 +4.3%$225,600 +6.9%
        2024$4,046 +2.3%$211,100 +4.3%
        2023$3,956 +22.5%$202,300 +2.3%
        2022$3,230 +9.9%$197,800 +22.5%
        2021$2,938 +5.5%$161,500 +9.9%
        2020$2,784 +7.2%$146,900 +5.5%
        2019$2,596 +107.5%$139,200 +7.2%
        2018$1,251 +1.1%$129,800 +6.5%
        2017$1,237 +8.2%$121,900 +4.9%
        2016$1,143 +1.6%$116,200 +3.3%
        2014$1,125 +6.8%$112,500 +4.7%
        2013$1,053 $107,500 +2.1%
        2012$1,053 $105,300 +2.5%
        2011-- $102,700
        2010$1,027 -3.4%$102,700 -3.4%
        2009$1,063 $106,300 -8.5%
        2007-- $116,200 +4.9%
        2006-- $110,800 +4.2%
        2005-- $106,300
        2004-- $106,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Galludet

        Getting around

        24 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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