1303 E Castle Ave, Indianapolis, IN, 46227
About This Home
Super cute and full of possibilities, this beautifully updated home near the University of Indianapolis offers a unique opportunity for flexible living. The main home has been refreshed with newer flooring and paint, creating a bright, welcoming feel that is move-in ready from day one. What truly sets this property apart is the converted detached garage. It could be used as a rental opportunity, private guest space, home office, studio, or separate living quarters for a college student, parent, or extended family member. Whether you are looking to offset your mortgage with rental income or simply enjoy the convenience of multi-generational living, this property offers incredible versatility. Located just minutes from the University of Indianapolis, this charming home combines character, updates, and opportunity in one special package.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1930
Materials
- Foundation: Block
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Gas Water Heater,Microwave,Electric Oven,Refrigerator
- Laundry features: In Unit
Basement
- Has basement: Yes
Bedroom2
- Level: Main
- Area: 99
- Dimensions: 11x9
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Level: Main
- Area: 40
- Dimensions: 8x5
Features
- Pantry
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Fireplace: Yes
- Finished area below ground: 0
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,628
- Total interior livable area: 1,628 sqft
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 80
- Dimensions: 10x8
Laundry
- Features: Other
- Level: Basement
- Area: 500
- Dimensions: 25x20
Master Bedroom
- Level: Main
- Area: 120
- Dimensions: 12x10
Property
Details
- Parcel number: 491031101001399501
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Fencing: Fenced,Chain Link,Fence Complete
Lot
- Lot size: 0.34 Acres
Parking
- Total spaces: 1
- Parking features: Detached,Gravel
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- Strong Wind
- Tornado
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 | $1,006 | $12,072 |
| Home Insurance * | $130 | $1,560 |
| Property Taxes | $398 | $4,776 |
| Electricity | $184 | $2,212 |
| Total | $1,718 | $20,616 |
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 |
|---|---|---|
| 2026-07-24 | Listed for sale | $199,000 |
| 2023-04-28 | Listing removed | -- |
| 2023-03-09 | Listed for rent | $1,150 |
| 2021-01-11 | Listing removed | -- |
| 2021-01-04 | Listed for rent | $975 |
| 2020-12-24 | Listing removed | -- |
| 2020-12-01 | Listed for rent | $975 |
| 2016-03-15 | Sold | $74,000 |
| 2006-07-07 | Sold | $99,000 |
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