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2839 Corey Dr, Indianapolis, IN, 46227

3beds
2baths
1,426sqft
$199,900
$140price/sqft
$1,474/moest. monthly cost
$58,960/yrincome needed

About This Home

Discover the possibilities in this inviting single-story home featuring 1,426 square feet, three bedrooms, one full bathroom, and one half bathroom. Situated on a generous 0.31-acre lot with no HOA, the property offers plenty of outdoor space for entertaining, gardening, recreation, or future improvements. Sewer piping from under the home and to the street has been replaced. Conveniently located near area hospitals, major employers, shopping, dining, entertainment, and commuter routes. Whether you are searching for a primary residence or an investment opportunity, this home offers excellent potential as a long-term rental or possible short-term rental/Airbnb, subject to applicable local regulations and approvals. With its practical floor plan, spacious lot, convenient Indianapolis location, and no HOA restrictions, this property is ready for its next chapter.

Getting Around

58
WalkingSomewhat Walkable
23
TransitMinimal Transit
47
BikeSomewhat Bikeable

Schools

7/10
6/10
4/10
Southport High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1969

Materials

  • Foundation: Crawl Space
  • Construction materials: Other

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Disposal,Gas Water Heater,MicroHood,Microwave,Electric Oven,Refrigerator,Washer,Water Softener Owned

Bedroom2

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

Bedroom3

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

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Breakfast Room

  • Features: Other
  • Level: Main
  • Area: 110
  • Dimensions: 10x11

Dining Room

  • Features: Other
  • Level: Main
  • Area: 252
  • Dimensions: 18x14

Features

  • Eat-in Kitchen

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,426
  • Total interior livable area: 1,426 sqft

Living Room

  • Features: Other
  • Level: Main
  • Area: 192
  • Dimensions: 16x12

Master Bedroom

  • Features: Other
  • Level: Main
  • Area: 182
  • Dimensions: 13x14

Property

Details

  • Parcel number: 491517128012000513
  • Special condition: As Is
  • Horse amenities: None

Features

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

Lot

  • Lot size: 0.31 Acres

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
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Lightning
Strong Wind
Tornado
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 $1,010$12,120
Home Insurance *$131$1,572
Property Taxes $149$1,788
Electricity $184$2,212
Total$1,474$17,688
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$50,537/yr
40% on housing$44,220/yr
45% on housing$39,306/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

$140This 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)

No zestimate history available

Price History

DateEventPrice
2026-08-04Pending sale$199,900
2026-07-29Listed for sale$199,900

For Sale by Agent

AgentSean Daniels
BrokerageDaniels Real Estate

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