1401 Castle Avenue
Indianapolis, IN 46227
- 4 beds
- 4 baths
- 3,255 sqft
- 12,153 sqft lot
- $90 per sqft
- 1951 build
This property is a double threat, it would make a great property to make your future primary residence, great quiet neighborhood and beautiful corner lot with great yard or purchase as an investment property and rent to University of Indianapolis students, home was previously rented to 6 students and market rate is currently $500 per student. That's 3,000 per month in income and current owner is always getting calls to rent this property, its only 5 minute walk to campus. This is a great ranch style, limestone exterior 4 bed 2.5 bath home very spacious in size with finished basement area and 2 car attached garage, fenced in back yard. Interior has large family room, separate dining area and a fireplace on the first floor and in the finished basement. This property can also qualify for 100% financing with no mortgage insurance with a 680 credit score....feel free to ask for more information on this program.
Last checked:
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Last updated Mar 10, 2025
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MLS# 22024280 —
The Building
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Year Built:1951
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New Construction:false
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Construction Materials:Stone
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Architectural Style:Ranch, TraditonalAmerican
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Levels:One
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Basement:true
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Basement:Full, Roughed In, Walk Out, Daylight/Lookout Windows
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Foundation Details:Block, Crawl Space
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Patio And Porch Features:Breeze Way, Porch Open
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Accessibility Features:No
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Direction Faces:South
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Green Certification:No
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Building Area Total:4718
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Below Grade Finished Area:896
Interior
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Rooms:8
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Rooms Total:11
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Rooms Total:8
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Interior:Utility Room
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Interior Features:Built In Book Shelves, Raised Ceiling(s), Skylight(s), Windows Thermal, Wood Work Stained, Paddle Fan, Eat-in Kitchen, Entrance Foyer, Hi-Speed Internet Availbl, Programmable Thermostat
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Kitchen Features:Kitchen Galley,Kitchen Some Updates
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Other Equipment:Security Alarm Paid, Sump Pump
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Eating Area:Formal Dining Room
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Laundry Features:Main Level
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Fireplaces Total:1
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Fireplace Features:Basement, Living Room, Masonry, Woodburning Fireplce
Room Dimensions
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SqFt:2359
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Main Level SqFt:2359
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Living Area:3255
Location
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Directions:GPS Friendly
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Latitude:39.706287
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Longitude:-86.134752
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:491031101001132501
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Acres:1/4-1/2 Acre
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Lot Features:Corner Lot, Sidewalks, Street Lights, Mature Trees
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Lot Size Acres:0.28
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Lot Size SqFt:12,153 Sqft
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Price Per Acre:1053214
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Additional Parcels:false
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View:false
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Waterfront:false
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Fencing:Partial, Privacy
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Horse Amenities:None
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Fence:Yes
Listing Agent
- Contact info:
- Agent phone:
- (317) 833-2861
- Office phone:
- (317) 833-2861
Taxes
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Tax Lot:5007956
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Tax Year:2024
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:1574
Beds
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Beds:4
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Bedrooms:4
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Bedrooms Total:4
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Main Level Bedrooms:4
Baths
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Baths:4
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Full Baths:2
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Full Baths:2
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Half Baths:2
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Half Baths:1
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Full Baths Main:2
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Half Baths Main:1
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Half Baths Basement:1
Heating & Cooling
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Heating:Forced Air, Gas
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Cooling:Central Electric
Utilities
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Utilities:Cable Connected, Gas
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Electric:100 Amp Service
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Water Source:Municipal/City
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Solid Waste:Yes
Appliances
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Appliances:Dishwasher, Dryer, MicroHood, Gas Oven, Refrigerator, Washer, Gas Water Heater, Water Softener Owned
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Elders University Heights
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Spa:false
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Pool Private:false
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Association:false
Parking
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Parking Features:Attached
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Garage:true
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Garage Spaces:2
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Garage SqFt:1017
Monthly cost estimate

Asking price
$294,900
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,579
|
Taxes | $262 |
Insurance | $81 |
Utilities | $174 See report |
Total | $2,096/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/10/25
Mar 10, 2025
|
Pending | MIBOR | $294,900 | |
2/28/25
Feb 28, 2025
|
Listed / Active | MIBOR | $294,900 | 304.5% (23.0% / YR) |
11/27/24
Nov 27, 2024
|
Price Changed | MIBOR |