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745 Sparrow Ave, Indianapolis, IN, 46227

2beds
2baths
836sqft
$172,000
$206price/sqft
$1,292/moest. monthly cost
$51,680/yrincome needed

About This Home

Discover 745 Sparrow Ave, an inviting single-family residence near downtown Indianapolis. Built in 1921, this 836 sq ft home is ready for you to move in and begin your next chapter. The kitchen is designed for effortless living, featuring sleek stainless steel new appliances that complement any culinary endeavor. One of the two full bathrooms offers a refreshing walk-in shower, providing a serene escape. With a generous 6752 sq ft lot, the private yard offers ample space for outdoor enjoyment, while the welcoming porch provides a charming spot for morning coffee or evening relaxation. This delightful home, offering two comfortable bedrooms across its single story, is an exceptional opportunity to embrace a vibrant lifestyle.

Getting Around

62
WalkingSomewhat Walkable
38
TransitSome Transit
56
BikeBikeable

Schools

4/10
1/10

Construction

Condition

  • Year built: 1921

Materials

  • Foundation: Block
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Electric Water Heater,Disposal,Microwave,Electric Oven,Refrigerator

Basement

  • Has basement: Yes

Bedroom2

  • Level: Main
  • Area: 108
  • Dimensions: 12x9

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 63
  • Dimensions: 9x7

Features

  • Eat-in Kitchen
  • Finished area below ground: 0

Heating & Cooling

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

Interior Area

  • Total structure area: 836
  • Total interior livable area: 836 sqft

Kitchen

  • Level: Main
  • Area: 104
  • Dimensions: 13x8

Laundry

  • Level: Main
  • Area: 112
  • Dimensions: 14x8

Living Room

  • Level: Main
  • Area: 220
  • Dimensions: 20x11

Master Bedroom

  • Level: Main
  • Area: 99
  • Dimensions: 11x9

Property

Details

  • Parcel number: 491125108001017501
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 6,969 sqft

Parking

  • Total spaces: 21
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 21
  • Covered spaces: 21

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
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
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 $869$10,428
Home Insurance *$112$1,344
Property Taxes $127$1,524
Electricity $184$2,212
Total$1,292$15,504
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,297/yr
40% on housing$38,760/yr
45% on housing$34,453/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

$206This listing

vs Other Active Listings

Avg $/sqft

ZIP 46227$105
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46227$138
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
2026-08-18Price change$169,500
2026-07-20Price change$172,000
2026-07-01Listed for sale$178,000

For Sale by Agent

AgentRamsui Thawnger
BrokerageCrossRoads Link Realty

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