1202 Fletcher Ave, Indianapolis, IN, 46203
About This Home
Welcome home to modern luxury in Fountain Square. This stunning 5-Bed, 4.5-Bath masterpiece spans an impressive 4,000 sq ft across three thoughtfully designed levels w/ a carriage house. From the moment you cross the threshold, solid hardwood floors guide you through the living spaces where every detail has been considered. The heart of the home - a chef's dream kitchen - boasts double ovens, a professional-grade gas cooktop, and an island built for everything from quiet morning coffees to lively dinner parties with friends. Custom closets throughout keep life organized, while a striking two-sided gas fireplace adds warmth and comfort. Ascend to the third floor and discover your private retreat: a sophisticated wet bar perfect for entertaining, opening to a breathtaking rooftop deck where the Indianapolis skyline becomes your backdrop. The conveniences continue with upstairs laundry, a versatile basement, dual HVAC systems, dual water heaters, and premium ThermaTru exterior doors - every system engineered for comfort, efficiency, and peace of mind. Step out back to the detached 3-car garage crowned by a fully appointed 700-square-foot carriage house, complete with separate meters and panels. Whether you envision an income-producing rental, a private guest suite for visiting family, a home office, or a creative studio - the possibilities are endless with your imagination.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 2019
Materials
- Foundation: Concrete Perimeter,Full
- Construction materials: Cement Siding
Other
- Builder name: American Property
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Electric Water Heater,Disposal,Microwave,Oven,Gas Oven,Refrigerator,Washer,Wine Cooler
- Laundry features: Upper Level
Basement
- Has basement: Yes
- Basement: Egress Window(s),Finished Ceiling,Finished Walls,Full
Bedroom2
- Level: Main
- Area: 140
- Dimensions: 14x10
Bedroom3
- Level: Upper
- Area: 266
- Dimensions: 19x14
Bedroom4
- Level: Upper
- Area: 196
- Dimensions: 14x14
Bedroom5
- Features: Other
- Level: Basement
- Area: 280
- Dimensions: 20x14
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Bonus Room
- Features: Other
- Level: Basement
- Area: 448
- Dimensions: 32x14
Dining Room
- Level: Main
- Area: 112
- Dimensions: 16x7
Features
- Double Vanity,Breakfast Bar,Kitchen Island,Entrance Foyer,Ceiling Fan(s),Hardwood Floors,High Speed Internet,Pantry,Smart Thermostat,Walk-In Closet(s),Wet Bar
- Flooring: Hardwood
- Number of fireplaces: 1
- Fireplace features: Double Sided,Gas Starter,Living Room
- Fireplace: Yes
- Finished area below ground: 1,120
Heating & Cooling
- Heating features: Zoned,Forced Air,Natural Gas
- Cooling features: Central Air,Dual
Interior Area
- Total structure area: 4,004
- Total interior livable area: 4,004 sqft
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 240
- Dimensions: 20x12
Living Room
- Level: Main
- Area: 323
- Dimensions: 19x17
Loft
- Level: Upper
- Area: 323
- Dimensions: 17x19
Master Bedroom
- Level: Upper
- Area: 260
- Dimensions: 20x13
Mud Room
- Features: Tile-Ceramic
- Level: Main
- Area: 40
- Dimensions: 8x5
Property
Details
- Parcel number: 491007155149000101
- Horse amenities: None
Features
- Levels: Three Or More
- Patio & porch: Deck
- Exterior features: Balcony
- Fencing: Fenced,Full
Lot
- Lot size: 3,920 sqft
- Features: Corner Lot,Curbs,Sidewalks,Trees-Small (Under 20 Ft)
Parking
- Total spaces: 3
- Parking features: Detached,Concrete,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
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
- 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 | $3,792 | $45,504 |
| Home Insurance * | $552 | $6,624 |
| Property Taxes | $834 | $10,008 |
| Electricity | $367 | $4,404 |
| Total | $5,545 | $66,540 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow 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 |
|---|---|---|
| 2026-08-18 | Price change | $725,000 |
| 2026-05-20 | Listed for sale | $750,000 |
| 2020-05-22 | Sold | $650,000 |
| 2020-04-06 | Pending sale | $650,000 |
| 2020-02-27 | Price change | $650,000 |
| 2020-01-31 | Listed for sale | $674,900 |
| 2018-04-19 | Sold | $75,000 |
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