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3612 S State Ave, Indianapolis, IN, 46227

2beds
1baths
592sqft
$85,000
$144price/sqft
$829/moest. monthly cost
$33,160/yrincome needed

About This Home

Explore this 2-Bedrooms 1-Bath house with great potential. Could be perfect for investors or buyers looking for a renovation opportunity. Rooms sizes are approximate and should be verified by buyer. Don't miss out!

Getting Around

46
WalkingCar-Dependent
35
TransitSome Transit
39
BikeSomewhat Bikeable

Schools

3/10
6/10
1/10

Construction

Condition

  • Year built: 1939

Materials

  • Foundation: Block
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Cooktop

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 15
  • Dimensions: 3x5

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 592
  • Total interior livable area: 592 sqft

Kitchen

  • Level: Main
  • Area: 80
  • Dimensions: 8x10

Laundry

  • Level: Main
  • Area: 15
  • Dimensions: 3x5

Master Bedroom

  • Level: Main
  • Area: 132
  • Dimensions: 12x11

Master Bedroom

  • Level: Main
  • Area: 132
  • Dimensions: 12x11

Property

Details

  • Parcel number: 491030132001077501
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 4,791 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

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Earthquake
Heat Wave
Lightning
Strong Wind
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 $429$5,148
Home Insurance *$55$660
Property Taxes $161$1,932
Electricity $184$2,212
Total$829$9,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$28,422/yr
40% on housing$24,870/yr
45% on housing$22,106/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

$144This listing

vs Other Active Listings

Avg $/sqft

ZIP 46227$106
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
2026-05-13Price change$100,000
2026-04-06Price change$105,000
2026-03-09Listed for sale$115,000
2023-10-24Sold$74,900
2023-10-14Pending sale$74,900
2023-10-10Price change$74,900
2023-09-15Listed for sale$89,900

For Sale by Agent

AgentYessenia Lozano
BrokerageF.C. Tucker Company

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