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3310 N Wallace Ave, Indianapolis, IN, 46218

2beds
2baths
888sqft
$120,000
$135price/sqft
$1,031/moest. monthly cost
$41,240/yrincome needed

About This Home

Come view this 2-bedroom, 1.5-bath home has had several updates in the past and offers an excellent opportunity for investors or buyers looking to build equity. A versatile bonus room provides the option for an office, media room, or additional living space. The kitchen includes granite countertops, refrigerator, and stove, while laminate flooring runs throughout the home along with a separate laundry area. Outside, you'll find a spacious deck and semi-private backyard perfect for entertaining. With solid features already in place, this home is ready for your personal touches and future improvements.

Getting Around

31
WalkingCar-Dependent
34
TransitSome Transit
34
BikeSomewhat Bikeable

Schools

4/10
6/10
2/10
Shortridge High SchoolGrades 9-123.5 mi

Construction

Condition

  • Year built: 1946

Materials

  • Foundation: Block
  • Construction materials: Cement Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Cooktop,Disposal,Electric Oven,Refrigerator,Tankless Water Heater
  • Laundry features: In Unit,Connections All

Bedroom2

  • Level: Main
  • Area: 99
  • Dimensions: 09x11

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Main
  • Area: 100
  • Dimensions: 10x10

Features

  • Attic Access
  • Attic: Access Only

Heating & Cooling

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

Interior Area

  • Total structure area: 888
  • Total interior livable area: 888 sqft

Kitchen

  • Level: Main
  • Area: 77
  • Dimensions: 07x11

Laundry

  • Level: Main
  • Area: 49
  • Dimensions: 07x07

Living Room

  • Level: Main
  • Area: 209
  • Dimensions: 11x19

Master Bedroom

  • Level: Main
  • Area: 121
  • Dimensions: 11x11

Property

Details

  • Parcel number: 490721127290000101
  • Special condition: As Is,Defects/See Remarks,In Foreclosure,Short Sale,Other
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered
  • Exterior features: Lighting

Lot

  • Lot size: 6,969 sqft
  • Features: Mature Trees,Trees-Small (Under 20 Ft)

Parking

  • Parking features: On Street,None

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 WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
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 $606$7,272
Home Insurance *$152$1,824
Property Taxes $89$1,068
Electricity $184$2,212
Total$1,031$12,372
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,348/yr
40% on housing$30,930/yr
45% on housing$27,493/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

$135This listing

vs Other Active Listings

Avg $/sqft

ZIP 46218$78
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46218$77
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
2022-11-22Sold$149,900
2022-10-19Pending sale$149,900
2022-10-08Listed for sale$149,900

Unknown Listed By

AgentJen Mattos
BrokerageGarnet Group

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