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1431 N Alabama St, Indianapolis, IN, 46202

5beds
3baths
4,188sqft
$550,000
$131price/sqft
$3,957/moest. monthly cost
$158,280/yrincome needed

About This Home

Do you have an appreciation for a perfectly curated vintage Victorian? If so, this home in a premier Old Northside location is for you. This one-of-a-kind residence features custom Bradbury & Bradbury wallpaper, period Victorian lighting, perfectly restored woodwork with a walnut two story stair case, vaulted ceilings, stained glass windows, and a historic double-parlor floor plan-making this home a delight for a lover of art and history. Update the kitchen and baths to your taste, or leave them as they are and enjoy a timeless Victorian cottage dripping in artistic style and personality at every turn. Don't miss the like-new, oversized garage with stairs leading to a large storage space. Upstairs, you will find four bedrooms (including two suites) that offer great versatility for use as a studio or office space. One passionate owner has curated this masterpiece for the last 48 years, and it is ready for a new owner to love and cherish this classic

Getting Around

80
WalkingVery Walkable
54
TransitGood Transit
72
BikeVery Bikeable

Construction

Condition

  • Year built: 1882

Materials

  • Foundation: Brick/Mortar
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Disposal,Gas Water Heater,Oven,Gas Oven,Refrigerator,Washer
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Features: Tile-Ceramic
  • Level: Upper
  • Area: 144
  • Dimensions: 12x12

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Attic Pull Down Stairs,Built-in Features,High Ceilings,Kitchen Island,Entrance Foyer,Hardwood Floors,Pantry,Smart Thermostat,Walk-In Closet(s)
  • Flooring: Hardwood
  • Number of fireplaces: 3
  • Fireplace features: Family Room,Living Room,Non Functional,Primary Bedroom
  • Fireplace: Yes
  • Attic: Pull Down Stairs
  • Finished area below ground: 0

Heating & Cooling

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

Interior Area

  • Total structure area: 4,188
  • Total interior livable area: 4,188 sqft

Master Bedroom

  • Level: Upper
  • Area: 180
  • Dimensions: 15x12

Property

Details

  • Parcel number: 490636159014000101
  • Special condition: As Is,Historic District
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Patio,Wrap Around
  • Exterior features: Water Feature Fountain
  • Fencing: Fenced

Lot

  • Lot size: 6,969 sqft
  • Features: City Lot,Sidewalks,Mature Trees

Parking

  • Total spaces: 2
  • Parking features: Detached,Garage Faces Rear,Storage
  • 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

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Heat Wave
Strong Wind
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 $2,781$33,372
Home Insurance *$260$3,120
Property Taxes $533$6,396
Electricity $383$4,606
Total$3,957$47,484
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$135,668/yr
40% on housing$118,710/yr
45% on housing$105,520/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

$131This listing

vs Other Active Listings

Avg $/sqft

ZIP 46202$169
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46202$182
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
2026-07-08Listed for sale$550,000

For Sale by Agent

AgentJenni Bliss McMillion
Brokerage@properties

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