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1521 Marlowe Ave, Indianapolis, IN, 46201

4beds
4baths
2,420sqft
$585,000
$242price/sqft
$4,318/moest. monthly cost
$172,720/yrincome needed

About This Home

Built in 2020, this stunning home at 1521 Marlowe Ave offers modern comfort in a thoughtfully designed layout. The kitchen centers around a large island, creating an easy flow for daily living and gathering. The home features four bedrooms, three full baths, and one half bath, including a spacious primary suite with a tiled walk-in shower and double vanity and fully finished basement space. Outdoor living stands out with a fully fenced yard, an upper-level deck overlooking peaceful wooded AND city views, and a welcoming front porch. An attached garage, a rare and valuable feature in this area, adds convenience and functionality. With its modern design, private outdoor space, and desirable features, this home offers a unique opportunity in a sought-after location.

Getting Around

72
WalkingVery Walkable
41
TransitSome Transit
78
BikeVery Bikeable

Schools

6/10
1/10
3/10

Construction

Condition

  • Year built: 2020

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Cement Siding

Other

  • Builder name: Compendium Group, Ll

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Water Heater,Disposal,Gas Oven,Range Hood,Refrigerator
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Finished,Egress Window(s)

Bedroom2

  • Level: Upper
  • Area: 110
  • Dimensions: 11x10

Bedroom3

  • Features: Luxury Vinyl Plank
  • Level: Upper
  • Area: 120
  • Dimensions: 12x10

Bedroom4

  • Level: Basement
  • Area: 132
  • Dimensions: 12x11

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Features: Luxury Vinyl Plank
  • Level: Main
  • Area: 150
  • Dimensions: 15x10

Family Room

  • Level: Basement
  • Area: 294
  • Dimensions: 21x14

Features

  • High Ceilings,Kitchen Island,Ceiling Fan(s),Hardwood Floors,Eat-in Kitchen,Pantry,Walk-In Closet(s)
  • Window features: Wood Work Painted
  • Flooring: Hardwood
  • Finished area below ground: 804

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,420
  • Total interior livable area: 2,420 sqft

Kitchen

  • Features: Luxury Vinyl Plank
  • Level: Main
  • Area: 192
  • Dimensions: 16x12

Laundry

  • Features: Luxury Vinyl Plank
  • Level: Main
  • Area: 50
  • Dimensions: 10x5

Living Room

  • Features: Luxury Vinyl Plank
  • Level: Main
  • Area: 195
  • Dimensions: 15x13

Master Bedroom

  • Level: Upper
  • Area: 154
  • Dimensions: 14x11

Property

Details

  • Parcel number: 491006172004000101
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Rooftop
  • Exterior features: Smart Lock(s)
  • Fencing: Fenced,Fence Complete

Lot

  • Lot size: 3,484 sqft
  • Features: Curbs,Sidewalks,Street Lights

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,958$35,496
Home Insurance *$580$6,960
Property Taxes $559$6,708
Electricity $221$2,662
Total$4,318$51,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$148,045/yr
40% on housing$129,540/yr
45% on housing$115,146/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$242This listing

vs Other Active Listings

Avg $/sqft

ZIP 46201$112
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46201$92
Marion County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-29Price change$589,900
2026-02-19Listed for sale$600,000
2020-11-17Sold$450,000
2020-10-16Pending sale$450,000
2020-10-12Listed for sale$450,000

For Sale by Agent

AgentMinna Kerchner
Brokerage@properties

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