3 months on rocket

Sale Pending

405 Wallace Ave, Indianapolis, IN, 46201

$187,900

Home List Price

$2,231*

Closing Credit

0 Baths
Multi

Location

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405 Wallace Ave, Indianapolis$187,900

Buyer Closing Credits

$2,231*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1920
HeatingForced Air
CoolingSeparate Meters, Window Unit(s)
BasementYes
MLS #21992286
Lot Size0.15 Acres
StatusSale Pending
(Pending)

About 405 Wallace Ave

Make an appointment to see this classic two story duplex in the historic Bosart Brown neighborhood. Located just blocks away from Irvington and just a few miles from downtown Indianapolis, this duplex features recent updates which include a new roof and chimney replacement in 2024, new furnaces in both the 405 and 407 side in 2020 and 2021, major electrical upgrades in October of 2023, and all new siding in 2020. Each side of the duplex has a full basement for storage and laundry hookups. Both sides include original hardwood floors which have been refinished and large dining and living room areas on the main floor. The upstairs part of the duplex have updated bathrooms and nice sized bedrooms with classic hardwood flooring. There is a one car garage that is located off of the back alley that the tenant in 407 Wallace pays extra in rent for usage.

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman
  • Year Built: 1920

Listing Office:

  • Office Name: RE/MAX Advanced Realty
  • Office Email: michael@indyhomepros.com
  • Listing Agent: Michael Carter

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Not Applicable

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Separate Meters, Window Unit(s)

School Info

Assigned Schools Information:

  • H L Harshman Middle School, Public District Grades 7-8
  • Frederick Douglass School 19, Public District Grades PK-8
  • Center For Inquiry, Public Magnet Grades KG-8
  • Ralph Waldo Emerson School 58, Public District Grades KG-6
  • Theodore Potter School 74, Public District Grades KG-6
  • Ernie Pyle School 90, Public District Grades PK-6

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $187,900

Tax Information:

  • Annual Amount: $597
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

Med. Sold Price

$245.5K

Med. Price/SqFt

$139

Avg. Days On Market

31

# of Sold Homes

946

405 Wallace Ave vs Indianapolis

97 DAYS ON ROCKET

+66 Days

$187,900

-$57.6K Less

KEY TAKEAWAY

This property is $57.6K less than the Median Sold Price in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21992286

Listing Office:

  • Office Name: RE/MAX Advanced Realty
  • Office Email: michael@indyhomepros.com
  • Listing Agent: Michael Carter

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/2/2024, 11:46:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 05, 2020Home Sold
$74,000
May 09, 2018Home Sold
$74,000
May 04, 2018Home Sold
$65,500
Nov 28, 2017Home Sold
$20,000

Tax History

YEARPROP. TAXASSESSMENT
2020$597$25,500
2019$713$25,300
2018$591$25,300
2017$643$22,700

History based on county public records data.

Payment Calculator

$1,005

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$630

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-965011
3
/10
  • Ralph Waldo Emerson School 58

  • 321 N Linwood Ave

  • 0.21 miles

  • Public District Grades KG-6

school-card-donut-965012
4
/10
  • Theodore Potter School 74

  • 1601 E 10th St

  • 2.33 miles

  • Public District Grades KG-6

school-card-donut-965013
4
/10
  • Ernie Pyle School 90

  • 3351 W 18th St

  • 6.79 miles

  • Public District Grades PK-6

Middle School

school-card-donut-965014
2
/10
  • H L Harshman Middle School

  • 1501 E 10th St

  • 2.40 miles

  • Public District Grades 7-8

school-card-donut-965015
2
/10
  • Frederick Douglass School 19

  • 2020 Dawson St

  • 3.19 miles

  • Public District Grades PK-8

school-card-donut-965016
5
/10
  • Center For Inquiry

  • 725 N New Jersey St

  • 3.28 miles

  • Public Magnet Grades KG-8

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,864. The most common annual income of people living in Indianapolis, IN is less than $35k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesIndianaMarion CountyIndianapolis46201405 Wallace Ave

This home is located at 405 Wallace Ave in Indianapolis, IN and zip code 46201 in the Near Eastside neighborhood. This home, which was built in 1920, sits on a 0.15 acre lot. It has been listed on Rocket Homes since July 28, 2024 and is currently priced at $187,900.

While more than 170 listings in Indianapolis, IN in October 2024 were sold above asking price, there were more than 256 listings sold at asking price, and more than 519 were sold below. In October 2024 in Indianapolis, IN there were 3.7% more homes for sale than in September 2024. In October 2024 median list price was $245,515 and the average listing age was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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