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3542 August Dr, Indianapolis, IN, 46239

3beds
1baths
1,375sqft
$255,000
$185price/sqft
$1,813/moest. monthly cost
$72,520/yrincome needed

About This Home

Beautifully updated Franklin Township home with a bright, open layout and thoughtful improvements throughout. Step inside to a spacious open-concept living area filled with natural light, updated flooring, fresh paint, and modern lighting that creates a clean, move-in-ready feel. The refreshed kitchen features white cabinetry, updated backsplash, stainless appliances, updated fixtures, and plenty of space for everyday dining and entertaining. Recent infrastructure improvements provide added peace of mind, including updates to the well pump, plumbing, electric panel, and water softener. The home also offers updated flooring, interior paint, lighting, and kitchen finishes, giving buyers the benefit of both cosmetic updates and important behind-the-scenes improvements. Outside, enjoy a large fenced backyard with a privacy fence, mature trees, patio space, firepit area, and storage shed-perfect for relaxing, pets, play, or outdoor gatherings. Located in desirable Franklin Township schools, this home offers convenient access to Wanamaker, nearby shopping and dining, and major routes including I-74, I-465, and I-65 for an easy commute around Indianapolis. A great combination of updates, yard space, location, and everyday convenience.

Getting Around

10
WalkingCar-Dependent
0
TransitNo Nearby Transit
29
BikeSomewhat Bikeable

Schools

--
7/10
9/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1961

Materials

  • Foundation: Crawl Space
  • Construction materials: Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Cooktop,Dishwasher,Electric Water Heater,Microwave,Oven,Electric Oven,Range Hood

Bedroom2

  • Level: Main
  • Area: 130
  • Dimensions: 13x10

Bedroom3

  • Level: Main
  • Area: 121
  • Dimensions: 11x11

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 221
  • Dimensions: 17x13

Features

  • Attic Access,Hardwood Floors,Eat-in Kitchen,Entrance Foyer
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning,Masonry,Living Room
  • Fireplace: Yes
  • Attic: Access Only

Great Room

  • Level: Main
  • Area: 288
  • Dimensions: 18x16

Heating & Cooling

  • Heating features: Forced Air,Electric
  • Cooling features: Central Air,Attic Fan

Interior Area

  • Total structure area: 1,375
  • Total interior livable area: 1,375 sqft

Kitchen

  • Level: Main
  • Area: 221
  • Dimensions: 17x13

Master Bedroom

  • Level: Main
  • Area: 225
  • Dimensions: 15x15

Property

Details

  • Parcel number: 490930105024000300
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio,Porch
  • Exterior features: Fire Pit
  • Fencing: Fenced,Full,Privacy

Lot

  • Lot size: 0.37 Acres
  • Features: Mature Trees

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
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Lightning
Strong Wind
Tornado
Winter Weather

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 $1,289$15,468
Home Insurance *$140$1,680
Property Taxes $200$2,400
Electricity $184$2,212
Total$1,813$21,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,160/yr
40% on housing$54,390/yr
45% on housing$48,346/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

$185This listing

vs Other Active Listings

Avg $/sqft

ZIP 46239$139
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46239$132
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
2026-08-01Listed for sale$255,000
2021-04-30Sold$150,000
2021-04-29Pending sale$160,000

For Sale by Agent

AgentBob Magiera
BrokerageHoosier, REALTORS®

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