506 Lawrence Ave, Indianapolis, IN, 46227
About This Home
Terrific all limestone ranch with three bedrooms, one and a half bath, full basement, attached two car garage, big side yard with access door from house, covered front porch....and for under $260,000!!! Amazing value and quality. Undated electrical panel, good storage, sump pump in basement, almost new HVAC (either 2023/2024), wood burning fireplaces in living room on main and in basement recreation room! Lots to appreciate for either a starter home or an investment property. Easy to show!
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1954
Materials
- Foundation: Block
- Construction materials: Stone
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Gas Water Heater,Electric Oven,Refrigerator
- Laundry features: Connections All,In Basement
Basement
- Has basement: Yes
- Basement: Finished Walls
Bedroom2
- Level: Main
- Area: 130
- Dimensions: 13x10
Bedroom3
- Level: Main
- Area: 100
- Dimensions: 10x10
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Dining Room
- Level: Main
- Area: 81
- Dimensions: 9x9
Features
- Attic Access,Entrance Foyer
- Window features: Wood Work Painted
- Number of fireplaces: 2
- Fireplace features: Wood Burning
- Fireplace: Yes
- Attic: Access Only
- Finished area below ground: 253
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,028
- Total interior livable area: 2,028 sqft
Kitchen
- Level: Main
- Area: 104
- Dimensions: 13x8
Living Room
- Level: Main
- Area: 320
- Dimensions: 16x20
Master Bedroom
- Level: Main
- Area: 154
- Dimensions: 14x11
Play Room
- Features: Other
- Level: Main
- Area: 216
- Dimensions: 18x12
Property
Details
- Parcel number: 491136120007000574
- Special condition: As Is
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Fencing: Fenced,Full,Privacy
Lot
- Lot size: 0.26 Acres
- Features: Corner Lot
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
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Winter Weather
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 | $1,208 | $14,496 |
| Home Insurance * | $156 | $1,872 |
| Property Taxes | $465 | $5,580 |
| Electricity | $185 | $2,230 |
| Total | $2,014 | $24,168 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Listed for sale | $238,900 |
| 2026-04-20 | Listing removed | $257,900 |
| 2026-01-20 | Listed for sale | $257,900 |
| 2026-01-20 | Listing removed | $259,900 |
| 2025-10-17 | Listed for sale | $259,900 |
| 2009-12-28 | Sold | $49,000 |
| 2005-06-27 | Sold | $120,000 |
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