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3868 N Park Ave, Indianapolis, IN, 46205

4beds
3baths
3,900sqft
$550,000
$141price/sqft
$4,025/moest. monthly cost
$161,000/yrincome needed

About This Home

Custom home builder Jensen Design has re-imagined historical character and modern convenience with thoughtful design and attention to detail, resulting in a home that blends comfort and modern living. With a brand-new second story, all-new electrical (200-amp service), plumbing (PEX), dual HVAC systems (95% high-efficiency), Andersen windows, Hardie composite siding, and more, every inch of this home is fresh, functional, and move-in ready. Step inside to an open-concept main level featuring 10 foot ceilings, a bright great room, spacious dining area, and an expansive kitchen perfect for cooking, entertaining, and everyday living. A tucked-away half bath and custom mudroom space with cubbies and benches provide everyday convenience. The attached garage provides ample storage options with its tall ceilings and finished walls, as well as convenient access to the basement storage space. Upstairs, a large landing leads to four generous bedrooms, including a luxurious primary suite with a large walk-in closet and peaceful en-suite bathroom, featuring custom cabinetry, a double vanity, and marble walk-in shower. The second full bathroom includes a spacious double vanity and private water closet, and the laundry room is thoughtfully located nearby. Outside, enjoy a fully fenced backyard with a large patio, ideal for fun and relaxation. Nestled on a quiet, friendly street in Meridian-Kessler, walk to the Red Line, Monon Trail, Blue Mind Coffee Co or the College Avenue library. Don't miss this opportunity to own a like-new home in one of the most treasured neighborhoods in Indianapolis!

Getting Around

60
WalkingSomewhat Walkable
49
TransitSome Transit
60
BikeBikeable

Schools

3/10
2/10
Shortridge High SchoolGrades 9-120.7 mi

Construction

Condition

  • Property condition: Updated/Remodeled,New Construction
  • New construction: Yes
  • Year built: 1948

Materials

  • Foundation: Block
  • Construction materials: Wood Siding

Other

  • Builder name: Jensen Design, Llc

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Water Heater,Exhaust Fan,Gas Oven,Refrigerator
  • Laundry features: Upper Level

Basement

  • Has basement: Yes
  • Basement: Partial,Storage Space,Unfinished

Bedroom2

  • Level: Upper
  • Area: 144
  • Dimensions: 12x12

Bedroom3

  • Level: Upper
  • Area: 130
  • Dimensions: 10x13

Bedroom4

  • Level: Upper
  • Area: 156
  • Dimensions: 12x13

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main
  • Area: 252
  • Dimensions: 12x21

Features

  • Hardwood Floors,Eat-in Kitchen,Pantry,Walk-In Closet(s)
  • Window features: Wood Work Painted
  • Flooring: Hardwood
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air,High Efficiency (90%+ AFUE )
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,900
  • Total interior livable area: 3,900 sqft

Kitchen

  • Level: Main
  • Area: 288
  • Dimensions: 16x18

Laundry

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

Living Room

  • Level: Upper
  • Area: 234
  • Dimensions: 13x18

Master Bedroom

  • Level: Upper
  • Area: 182
  • Dimensions: 13x14

Mud Room

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

Utility Room

  • Features: Other
  • Level: Basement
  • Area: 396
  • Dimensions: 18x22

Property

Details

  • Parcel number: 490613125005000801
  • Special condition: Sales Disclosure On File
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Patio
  • Fencing: Fenced,Full

Lot

  • Lot size: 4,356 sqft
  • Features: Access,Sidewalks,Street Lights

Parking

  • Total spaces: 1
  • Parking features: Attached,Concrete
  • 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
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
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 $2,781$33,372
Home Insurance *$369$4,428
Property Taxes $518$6,216
Electricity $357$4,290
Total$4,025$48,300
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$138,000/yr
40% on housing$120,750/yr
45% on housing$107,333/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

$141This listing

vs Other Active Listings

Avg $/sqft

ZIP 46205$135
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46205$135
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
2026-03-13Listed for sale$550,000
2025-11-19Listing removed$499,000
2025-09-23Price change$499,000
2025-09-18Price change$525,000
2025-09-12Price change$550,000
2025-09-04Price change$560,000
2025-08-27Price change$567,500
2025-08-16Price change$575,000
2025-07-18Price change$599,000
2025-07-10Price change$635,000
2025-06-27Listed for sale$650,000
2024-05-31Sold$195,000
2024-04-17Pending sale$195,000
2024-04-12Listed for sale$195,000

New Construction

AgentBethany Jensen
BrokerageCompass Indiana, LLC

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