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3 Fay Ct, Indianapolis, IN, 46226

3beds
1baths
1,392sqft
$139,900
$101price/sqft
$1,312/moest. monthly cost
$52,480/yrincome needed

About This Home

Welcome home to 3 Fay Ct, a light-filled single-family residence situated on a quiet cul-de-sac in Indianapolis! Featuring 3 bedrooms, 1 full bathroom, and 1,392 square feet of low-maintenance interior living space, this property offers a functional floor plan with flexible room options. Inside, bright common areas welcome you into an inviting main layout filled with natural light. Four well-proportioned bedrooms provide great versatility for family, guests, or a dedicated home workspace, complemented by an efficient layout. Outside, enjoy a spacious yard on a peaceful 0.23-acre cul-de-sac lot with off-street parking-ideal for outdoor relaxation, pets, or gardening. Conveniently located near local schools, parks, shopping, and major routes into Downtown Indianapolis

Getting Around

24
WalkingCar-Dependent
33
TransitSome Transit
34
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1958

Materials

  • Foundation: Slab
  • Construction materials: Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Oven,Refrigerator,Range Hood

Bedroom2

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

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Features

  • Walk-In Closet(s)

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,392
  • Total interior livable area: 1,392 sqft

Kitchen

  • Level: Main
  • Area: 120
  • Dimensions: 12x10

Living Room

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

Master Bedroom

  • Level: Main
  • Area: 168
  • Dimensions: 14x12

Property

Details

  • Parcel number: 490714107039000401
  • Special condition: As Is
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 10,018 sqft

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 WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
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 $707$8,484
Home Insurance *$143$1,716
Property Taxes $278$3,336
Electricity $184$2,212
Total$1,312$15,744
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,982/yr
40% on housing$39,360/yr
45% on housing$34,986/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

$101This listing

vs Other Active Listings

Avg $/sqft

ZIP 46226$98
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46226$116
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$139,900
2024-11-01Listing removed$1,200
2024-10-29Price change$1,300
2024-10-10Price change$1,350
2024-10-04Price change$1,400
2024-09-23Price change$1,450
2024-08-13Listed for rent$1,500
2023-05-23Listing removed--
2023-05-08Listed for rent$1,300
2019-09-23Sold$35,000

For Sale by Agent

AgentSamuel Nieves-Montanez
BrokerageTrelora Realty

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