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915 Southwood Dr, Indianapolis, IN, 46227

2beds
1baths
1,104sqft
$247,000
$224price/sqft
$1,859/moest. monthly cost
$74,360/yrincome needed

About This Home

Perry Township: Banta's Southwood ~ Bedford Stone & Brick Mid-Century Bungalow ~ 1100 sqft, 2 BEDROOM, 1+ CAR GARAGE on Quiet Street with Fenced Backyard & .37ac Lot, Large Covered Concrete Patio & Lots of Updates in Smart, Circular Floorplan. KITCHEN: Eat-in, Updated Stainless Steel Appliances & LAUNDRY: New LUXURY VINYL PLANK Floor; DINING & LIVING: New CARPET, Wood burning-Masonry Fireplace; MASTER: Shiny Original Hardwood Floors, Closet Space, Ceiling Fan; UPDATED BATHROOM; Large Driveway, Excellent Parking, Oversized Garage is newly insulated; Mature Trees, Quiet Street, Easy Access to Downtown Greenwood, Southport, Indy, Indianapolis Airport, SR 135, US 31, Community South Hospital, restaurants, groceries, University of Indianapolis is near, Sporting Venues, I 69 & I 65. Approx age of Roof: 10 yrs; Furnace & AC: 5-6 yrs; H2O Htr: 7 yrs. Now HOA, Easy Property to maintain. Replacement Andersen Windows assure a transferrable warranty. Also - Encapsulated Crawl Space & Sump Pump & DeHumidifier.

Getting Around

13
WalkingCar-Dependent
25
TransitSome Transit
35
BikeSomewhat Bikeable

Schools

--
Homecroft KindergartenGrades K-10.7 mi
6/10
4/10
Southport High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1954

Materials

  • Foundation: Slab
  • Construction materials: Brick,Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Disposal,Gas Water Heater,Electric Oven,Refrigerator
  • Laundry features: Connections All,Main Level

Bedroom2

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

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 48
  • Dimensions: 6x8

Features

  • Attic Access,Hardwood Floors,Ceiling Fan(s),Eat-in Kitchen,Pantry
  • Window features: Wood Work Painted
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Masonry,Wood Burning
  • Fireplace: Yes
  • Attic: Access Only

Heating & Cooling

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

Interior Area

  • Total structure area: 1,104
  • Total interior livable area: 1,104 sqft

Kitchen

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

Laundry

  • Level: Main
  • Area: 66
  • Dimensions: 11x6

Living Room

  • Level: Main
  • Area: 273
  • Dimensions: 21x13

Master Bedroom

  • Level: Main
  • Area: 154
  • Dimensions: 14x11

Property

Details

  • Parcel number: 491412109029000500
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered
  • Fencing: Fenced,Chain Link,Full

Lot

  • Lot size: 0.37 Acres
  • Features: Storm Sewer,Suburb,Mature Trees

Parking

  • Total spaces: 1
  • Parking features: Detached
  • 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

  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Tornado
Cold Wave
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 $1,248$14,976
Home Insurance *$162$1,944
Property Taxes $265$3,180
Electricity $184$2,212
Total$1,859$22,308
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$63,737/yr
40% on housing$55,770/yr
45% on housing$49,573/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

$224This listing

vs Other Active Listings

Avg $/sqft

ZIP 46227$104
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
2026-08-07Price change$240,000
2026-07-27Price change$247,000
2026-06-10Listed for sale$259,900
2008-03-18Sold$99,900

For Sale by Agent

AgentJeffrey Paxson
BrokerageJeff Paxson Team

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