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3242 Collier St, Indianapolis, IN, 46221

3beds
1baths
1,101sqft
$175,000
$159price/sqft
$1,314/moest. monthly cost
$52,560/yrincome needed

About This Home

Welcome to this beautifully renovated 3-bedroom, 1-bath home in Indianapolis' Mars Hill neighborhood! Thoughtfully updated from top to bottom, this home offers modern finishes, comfortable living spaces, and the peace of mind that comes with a brand-new roof. Enjoy a fresh, move-in-ready interior along with a fenced-in backyard that is perfect for pets, outdoor entertaining, gardening, or relaxing at the end of the day. Located on the southwest side of Indianapolis with easy access to I-465, this home offers a convenient location for commuting around the city while still providing the comfort of an established neighborhood. A fully renovated home with practical updates and great accessibility-this one is ready for its next owner!

Getting Around

63
WalkingSomewhat Walkable
21
TransitMinimal Transit
60
BikeBikeable

Schools

2/10
3/10
Decatur Middle SchoolGrades 7-83.1 mi
3/10

Construction

Condition

  • Property condition: Fixer
  • Year built: 1950

Materials

  • Foundation: Block,Partial
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: None,Electric Oven,Range Hood,Refrigerator,Water Heater
  • Laundry features: Connections All

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Level: Main
  • Area: 81
  • Dimensions: 9x9

Bedroom3

  • Level: Main
  • Area: 81
  • Dimensions: 9 x 9

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Features

  • Eat-in Kitchen
  • Finished area below ground: 0

Heating & Cooling

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

Interior Area

  • Total structure area: 1,101
  • Total interior livable area: 1,101 sqft

Kitchen

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

Living Room

  • Level: Main
  • Area: 208
  • Dimensions: 16x13

Master Bedroom

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

Property

Details

  • Parcel number: 491129111177000200
  • Horse amenities: None

Features

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

Lot

  • Lot size: 5,227 sqft

Parking

  • Parking features: Gravel

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
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
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 $884$10,608
Home Insurance *$117$1,404
Property Taxes $129$1,548
Electricity $184$2,212
Total$1,314$15,768
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$45,051/yr
40% on housing$39,420/yr
45% on housing$35,040/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

$159This listing

vs Other Active Listings

Avg $/sqft

ZIP 46221$103
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46221$143
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
2026-07-23Price change$175,000
2026-06-24Price change$180,000
2026-06-01Price change$190,000
2026-05-21Listed for sale$199,999
2025-07-18Sold$25,000
2025-06-12Pending sale$39,900
2025-05-14Listed for sale$39,900

For Sale by Agent

AgentChristopher Chaulk
Brokerage@properties

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