3305 S Lyons Ave, Indianapolis, IN, 46221
About This Home
Charming 2-bedroom home with potential for a 3rd bedroom, located on a quiet street in desirable Decatur Township. This property offers a great opportunity for investors or buyers looking to add their personal touch. While it does need updates, the home has solid bones and plenty of upside potential. Spacious layout, functional floor plan, and room to expand make this a smart value-add opportunity. Enjoy the peaceful setting while still being conveniently close to local amenities, schools, and major roadways. Don't miss your chance to transform this hidden gem into something special!
Getting Around
Somewhat Walkable
Minimal Transit
BikeableSchools
Construction
Condition
- Year built: 1942
Materials
- Foundation: Crawl Space
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator
Bedroom2
- Features: Other
- Level: Main
- Area: 110
- Dimensions: 10x11
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bonus Room
- Level: Main
- Area: 144
- Dimensions: 12x12
Family Room
- Level: Main
- Area: 156
- Dimensions: 12x13
Features
- Attic Pull Down Stairs,Eat-in Kitchen,Wired for Data
- Window features: WoodWorkStain/Painted
- Attic: Pull Down Stairs
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,166
- Total interior livable area: 1,166 sqft
Kitchen
- Level: Main
- Area: 231
- Dimensions: 11x21
Living Room
- Level: Main
- Area: 156
- Dimensions: 12x13
Master Bedroom
- Level: Main
- Area: 130
- Dimensions: 10x13
Property
Details
- Parcel number: 491129111015000200
- Special condition: Sales Disclosure On File,Sales Disclosure Supplements
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck,Porch
Lot
- Lot size: 5,662 sqft
- Features: Mature Trees
Parking
- Total spaces: 1
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Strong Wind
- 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 | $505 | $6,060 |
| Home Insurance * | $66 | $792 |
| Property Taxes | $91 | $1,092 |
| Electricity | $184 | $2,212 |
| Total | $846 | $10,152 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow 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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-14 | Price change | $110,000 |
| 2026-05-04 | Price change | $122,000 |
| 2026-04-21 | Listed for sale | $130,000 |
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