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3145 N Pennsylvania St, Indianapolis, IN, 46205

5beds
4baths
4,735sqft
$1,290,000
$272price/sqft
$8,646/moest. monthly cost
$345,840/yrincome needed

About This Home

Exquisite new construction by ReDev in Historic Meridian Park. This Modern Craftsman-style home sits gracefully on a large lot, blending timeless charm with today's most desirable features. Inside, you'll find Amish-built custom cabinetry, quartzite counters, and Signature Kitchen Suite paneled appliances. The open main level is finished with engineered hardwoods, detailed trim work, built-ins, and a Heat & Glo gas fireplace, creating a warm yet refined living space. The primary suite is a true retreat, offering a custom walk-in closet and spa-like bath with soapstone vanity. A bonus room above the garage provides flexibility as a 6th bedroom, office, or media room. Thoughtful design is evident throughout with designer finishes, custom millwork, and energy-efficient Pella windows. Smart home features include Klipsch speakers, smart locks, thermostats, and doorbell. High-efficiency mechanicals such as a tankless water heater, high-efficiency furnace, and EV charger in the garage add both comfort and sustainability. This home represents the rare balance of historic neighborhood character with modern construction quality-a showcase of craftsmanship, design, and livability.

Getting Around

51
WalkingSomewhat Walkable
50
TransitGood Transit
50
BikeBikeable

Schools

2/10
Shortridge High SchoolGrades 9-120.3 mi
3/10

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2025

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Brick,Cement Siding

Other

  • Builder name: Re-Development Group

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,ENERGY STAR Qualified Appliances,Disposal,Gas Oven,Range Hood,Refrigerator,Tankless Water Heater,Washer,Water Purifier,Water Softener Owned,Wine Cooler
  • Laundry features: Upper Level

Basement

  • Has basement: Yes
  • Basement: Egress Window(s),Full,Partially Finished

Bedroom2

  • Level: Upper
  • Area: 169
  • Dimensions: 13x13

Bedroom3

  • Level: Upper
  • Area: 143
  • Dimensions: 13x11

Bedroom4

  • Level: Basement
  • Area: 168
  • Dimensions: 14x12

Bedroom5

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

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main
  • Area: 195
  • Dimensions: 15x13

Features

  • Built-in Features,High Ceilings,Kitchen Island,Entrance Foyer,Ceiling Fan(s),Hardwood Floors,Pantry,Smart Thermostat,Wired for Sound,Walk-In Closet(s),Wet Bar
  • Window features: Wood Work Painted
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Gas Log,Living Room,Masonry
  • Fireplace: Yes
  • Finished area below ground: 1,139

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,735
  • Total interior livable area: 4,735 sqft

Kitchen

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

Laundry

  • Features: Tile-Ceramic
  • Level: Upper
  • Area: 77
  • Dimensions: 11x7

Living Room

  • Level: Main
  • Area: 340
  • Dimensions: 20x17

Master Bedroom

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

Office

  • Level: Main
  • Area: 143
  • Dimensions: 13x11

Property

Details

  • Parcel number: 490624146061000101
  • Horse amenities: None

Features

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

Lot

  • Lot size: 9,583 sqft
  • Features: Curbs,Sidewalks

Parking

  • Total spaces: 3
  • Parking features: Attached,Concrete,Electric Vehicle Service Equipment (EVSE),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
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
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 $6,522$78,264
Home Insurance *$865$10,380
Property Taxes $825$9,900
Electricity $434$5,208
Total$8,646$103,752
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$296,434/yr
40% on housing$259,380/yr
45% on housing$230,560/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

$272This listing

vs Other Active Listings

Avg $/sqft

ZIP 46205$134
Marion County$124

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
2026-04-22Price change$1,490,000
2026-04-20Listed for sale$1,525,000
2026-04-20Pending sale$1,525,000
2026-04-06Price change$1,525,000
2026-03-02Price change$1,595,000
2026-01-19Price change$1,629,000
2026-01-02Price change$1,635,000
2025-11-12Price change$1,640,000
2025-08-21Listed for sale$1,650,000

New Construction

AgentJenni Bliss McMillion
Brokerage@properties

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