1540 Central Ave, Indianapolis, IN, 46202
About This Home
Welcome home to a newly built townhome in the heart of Indy's historical Old Northside! This four-level O&E townhome boasts a wonderful location, close to all your downtown desires. The original owners updated it before completion with a luxury kitchen and more. Enjoy abundant natural light on every floor and two outdoor living areas: a rooftop deck with stunning downtown views and a maintenance-free, fully fenced backyard with turf and a paver patio. The finished basement features a lovely wet bar, beverage fridge, cabinetry, a recreation room, and extra storage. With four bedrooms and three separate living spaces, this home is perfect for entertaining. The custom kitchen offers high-end appliances, ample cabinetry, and counter space, all open to the living and dining areas.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 2017
Materials
- Foundation: Concrete Perimeter
- Construction materials: Brick,Cement Siding
Other
- Builder name: Onyx & East
Type & Style
- Home type: Townhouse
- Architectural style: Traditional
- Property subType: Residential,Townhouse
Interior
Appliances
- Appliances included: Gas Cooktop,Dishwasher,Dryer,Electric Water Heater,Disposal,Microwave,Convection Oven,Range Hood,Refrigerator,Washer,Water Purifier,Water Softener Owned,Wine Cooler
- Laundry features: Upper Level,Sink
Basement
- Has basement: Yes
- Basement: Egress Window(s),Finished,Full
Bedroom2
- Level: Upper
- Area: 156
- Dimensions: 13x12
Bedroom3
- Level: Upper
- Area: 140
- Dimensions: 14x10
Bedroom4
- Level: Basement
- Area: 182
- Dimensions: 14x13
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Dining Room
- Level: Main
- Area: 169
- Dimensions: 13x13
Family Room
- Level: Basement
- Area: 390
- Dimensions: 30x13
Features
- Attic Access,Kitchen Island,Ceiling Fan(s),High Speed Internet,Pantry,Smart Thermostat,Walk-In Closet(s),Wet Bar
- Attic: Access Only
- Finished area below ground: 1,028
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 3,570
- Total interior livable area: 3,570 sqft
Kitchen
- Level: Main
- Area: 182
- Dimensions: 14x13
Living Room
- Level: Main
- Area: 221
- Dimensions: 17x13
Master Bedroom
- Level: Upper
- Area: 196
- Dimensions: 14x14
Property
Details
- Parcel number: 490636180048005101
- Attached to another structure: Yes
- Horse amenities: None
Features
- Levels: Three Or More
- Patio & porch: Patio
- Exterior features: Balcony
- Fencing: Fenced,Fence Complete
- Has view: Yes
- View description: City,Downtown
Lot
- Lot size: 4,791 sqft
- Features: Corner Lot,Curbs,Sidewalks,Street Lights
Parking
- Total spaces: 2
- Parking features: Detached
- 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
- Inland Flooding
- Cold Wave
- Heat Wave
- 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 | $3,665 | $43,980 |
| Home Insurance * | $343 | $4,116 |
| Property Taxes | $794 | $9,528 |
| Electricity | $327 | $3,927 |
| Total | $5,129 | $61,548 |
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 |
|---|---|---|
| 2025-10-27 | Listed for sale | $725,000 |
| 2023-12-04 | Listing removed | -- |
| 2023-11-06 | Listed for sale | $700,000 |
| 2021-10-28 | Sold | $645,103 |
| 2018-02-28 | Sold | $551,940 |
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