Sold464d on marketHistoric · 103 yrs
4131 Otterbein Ave
Indianapolis, IN, 46227 • University Heights • Marion County
$165,000
$94/sqft
3Beds
1Baths
1,764Sqft
0.19 acLot
1923Built
Property DNA
Craftsman,Bungalow,Ranch Style
Built 1923 · 103 years of history
Elders University Heights
University Heights
Outdoor Living
Covered
1-Car Garage
Detached
Premium Finishes
Hardwood Floors · Walk-In Closet(s)
Hardwood Floors
Quality flooring throughout
This home is in high demand
Listed 464 days ago · 8 views · Top 3% likely to sell soon
Market activity
Demand and pricing signals for this listing
8 views
People checking out this listing
464 days on market
Established listing
$94/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 3% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1923 · Historic
Fantastic opportunity to make this home your own! 3 bedrooms, 1 bath w/basement & 1+ car detached garage in Elders University Heights being sold as-is. Adorable ranch w/basement is situated on 2 lots that are on a corner. This charming property offers a wrap around front porch, original hardwoods (in good shape) under the carpets plus a large yard w/mature trees perfect for a garden & flower beds. A sidewalk lined neighborhood that is conveniently located within walking distance to the University of Indianapolis. Spacious basement provides lots of storage space in addition to the laundry area plus areas that could be finished as additional living space. Roof replaced in 2012. Guttering 2019. Garage door opener 2009. Garage door spring, cable, cable reels and shaft 2024. So much character! Perfect investment property or starter home!
Standout features identified
Our analysis highlights spacious basement, wrap around front porch, and storage space as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,083/month
Principal & Interest$863
Property Tax$165
Insurance$55
Down payment20% ($33,000)
3%50%
Est. 6.83% rate · 30yr fixed · $132,000 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1923
HeatingForced Air
Parking1 Garage space
Lot8,276 sqft
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleCraftsman,Bungalow,Ranch
ConditionFixer
Year built1923
Stories1
Systems
HeatingForced Air
ConstructionAluminum Siding
Water / SewerMunicipal/City
Parking & Outdoor
ParkingDetached
Garage1 spaces
BasementUnfinished
Lot8,276 sqft
Location & Tax
NeighborhoodUniversity Heights
Annual tax$1,510
Parcel491031101001328501
Bathrooms & Fees
Full baths1
Features & details
11 categories of property features
Interior Features
Interior
Hardwood Floors
High Speed Internet
Eat-in Kitchen
Pantry
Walk-In Closet(s)
Appliances
Electric Cooktop
Dryer
Gas Water Heater
Kitchen Exhaust
Microwave
Electric Oven
Refrigerator
Washer
Flooring
Hardwood
Heating
Forced Air
Laundry
Connections All
In Basement
Windows
Screens Some
Storm Window(s)
Window Metal
Wood Frames
Wood Work Stained
Exterior Features
Parking
Detached
Construction
Aluminum Siding
Patio & Porch
Covered
Lot Features
Corner Lot
Sidewalks
Storm Sewer
Mature Trees
Utilities
Electricity Connected
Sewer Connected
Water Connected
Room details
6 rooms detailed
Master Bedroom
Main13×9 ft117 sqft
Carpet
Bedroom2
Main12×9 ft108 sqft
Carpet
Bedroom3
Main12×9 ft108 sqft
Carpet
Dining Room
Main16×11 ft176 sqft
Carpet
Kitchen
Main15×11 ft165 sqft
Vinyl
Living Room
Main16×12 ft192 sqft
Carpet
Listing insights
Market data and value estimates
StatusSold
Days on market464
Est. value$171,100
Est. rent$1,323/mo
Tax rate0.96%
Price/sqft$94
On marketDec 3, 2024
PostedDec 3, 2024
Last sold$165,000
MLS statusSold
MLS updatedJan 1, 2025
Tour days6
Views8
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46227
Price history
3 events
DateEventPrice$/sqftSource
Dec 30, 2024Sold$165,000$94MIBOR as distributed by MLS GRID
Dec 6, 2024Pending Sale$159,900$91MIBOR as distributed by MLS GRID
Dec 3, 2024Listed For Sale$159,900$91MIBOR as distributed by MLS GRID
Sold$165,000
Dec 30, 2024•$94/sqft•MIBOR as distributed by MLS GRID
Pending Sale$159,900
Dec 6, 2024•$91/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$159,900
Dec 3, 2024•$91/sqft•MIBOR as distributed by MLS GRID
Tax history
15 years of records
YearTax paidAssessed value
Apr 9, 2024$1,510$159,400
Apr 9, 2023$1,454$141,900
Apr 9, 2022$1,274$128,000
Apr 9, 2021$1,203$113,700
Apr 9, 2020$1,074$109,900
Apr 9, 2019$855$102,000
Apr 9, 2018$752$89,100
Apr 9, 2017$658$87,400
Apr 9, 2016$552$80,400
Apr 9, 2014$511$71,200
Apr 9, 2013$568$75,300
Apr 9, 2012$568$77,200
Apr 9, 2011—$99,600
Apr 9, 2010$959$99,600
Apr 9, 2009$545$81,300
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-09 01:33:04 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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