1112 Spann Ave, Indianapolis, IN, 46203
About This Home
Luxury new-construction 3-bedroom, 3.5-bath home located in the highly sought-after Fountain Square neighborhood! This stunning property features a fully finished, separate basement unit and private, fully fenced yards for each unit, offering exceptional flexibility and privacy. Showcasing high-end finishes throughout, the home is currently furnished and operating as a successful two-unit Airbnb-making it ideal for both investors and owner-occupants seeking income potential. Situated in a vibrant near-downtown location, the home is just steps from popular shops, restaurants, local retail, and offers easy highway access for convenient travel throughout Indianapolis. With ample living space and storage, this property is also perfectly suited as a forever home. A unique exterior design paired with soaring main-level ceilings creates a truly abstract and artistic aesthetic, setting this home apart from anything else on the market.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 2017
Materials
- Foundation: Concrete Perimeter
- Construction materials: Cement Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Refrigerator,Washer
- Laundry features: In Unit,Connections All,Laundry Room
Basement
- Has basement: Yes
- Basement: Finished,Finished Ceiling,Finished Walls,Full
Bedroom2
- Features: Luxury Vinyl Plank
- Level: Basement
- Area: 143
- Dimensions: 13x11
Bedroom3
- Features: Luxury Vinyl Plank
- Level: Basement
- Area: 165
- Dimensions: 11x15
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Dining Room
- Level: Main
- Area: 120
- Dimensions: 12x10
Features
- Hardwood Floors,High Speed Internet,Walk-In Closet(s),Wet Bar
- Flooring: Hardwood
- Finished area below ground: 1,224
Great Room
- Level: Main
- Area: 285
- Dimensions: 19x15
Heating & Cooling
- Heating features: Electric,Heat Pump
- Cooling features: Central Air,Ductless,Heat Pump
Interior Area
- Total structure area: 3,655
- Total interior livable area: 3,655 sqft
Kitchen
- Level: Main
- Area: 228
- Dimensions: 12x19
Master Bedroom
- Level: Main
- Area: 210
- Dimensions: 14x15
Property
Details
- Parcel number: 491007155210000101
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Patio
- Exterior features: Smart Lock(s),Other
- Fencing: Fenced,Fence Complete,Front Yard
Lot
- Lot size: 3,920 sqft
- Features: Access,Sidewalks,Street Lights,Mature Trees,Trees-Small (Under 20 Ft),See Remarks
Parking
- Total spaces: 2
- Parking features: Detached
- 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
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,326 | $27,912 |
| Home Insurance * | $339 | $4,068 |
| Property Taxes | $927 | $11,124 |
| Electricity | $335 | $4,020 |
| Total | $3,927 | $47,124 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-20 | Price change | $459,999 |
| 2026-04-02 | Price change | $469,900 |
| 2026-03-10 | Price change | $484,900 |
| 2026-02-20 | Price change | $499,900 |
| 2026-02-09 | Price change | $524,900 |
| 2026-01-31 | Listed for sale | $534,900 |
| 2026-01-01 | Listing removed | $575,000 |
| 2025-07-17 | Price change | $575,000 |
| 2025-05-16 | Listed for sale | $600,000 |
| 2022-07-26 | Sold | $425,000 |
| 2022-06-10 | Pending sale | $465,000 |
| 2022-06-01 | Listing removed | -- |
| 2022-05-19 | Price change | $465,000 |
| 2022-04-28 | Price change | $499,000 |
| 2022-03-01 | Listed for sale | $525,000 |
| 2021-06-01 | Listing removed | -- |
| 2021-04-14 | Listed for rent | $3,000 |
| 2019-01-30 | Listing removed | $2,650 |
| 2019-01-22 | Price change | $2,650 |
| 2019-01-02 | Price change | $2,800 |
| 2018-12-10 | Price change | $3,000 |
| 2018-12-02 | Listed for rent | $2,995 |
| 2017-06-16 | Sold | $359,400 |
| 2010-12-07 | Sold | $11,601 |
| 2009-12-31 | Sold | $6,000 |
| 2009-12-05 | Price change | $9,900 |
| 2009-11-18 | Listed for sale | $13,900 |
View on Zillow