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518 E Miami St, Indianapolis, IN, 46202

2beds
3baths
1,659sqft
$400,000
$241price/sqft
$2,819/moest. monthly cost
$112,760/yrincome needed

About This Home

Enjoy a vibrant urban setting in this move-in ready contemporary townhome which offers a refined living experience in a prime location near Mass Ave and the city center. Welcome guests in either the main level great room with cozy gas fireplace and ceiling fan or in the lower-level rec/flex space. Lower level would also make a good home office. The island kitchen impresses with granite countertops, a pantry, and all appliances included. You'll enjoy the gas stove for cooking up your favorite dishes! Freshly painted with new carpet and rich hardwoods, the townhome features two spacious ensuite bedrooms. The primary suite boasts a luxury bath with separate tub and shower along with a walk-in closet. Main level powder room, and thoughtfully designed living spaces across all levels. A dedicated laundry room with washer and dryer add convenience, while city views and a two-car garage complete the package. Included Home Warranty provides peace of mind for a full year.

Getting Around

93
WalkingWalker's Paradise
64
TransitGood Transit
97
BikeBiker's Paradise

Construction

Condition

  • Year built: 2006

Materials

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

Type & Style

  • Home type: Condo
  • Architectural style: Traditional
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Disposal,Gas Water Heater,MicroHood,Gas Oven,Refrigerator,Washer
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Finished

Bedroom2

  • Level: Upper
  • Area: 130
  • Dimensions: 13x10

Bedrooms & Bathrooms

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

Breakfast Room

  • Level: Main
  • Area: 88
  • Dimensions: 11x8

Family Room

  • Level: Basement
  • Area: 165
  • Dimensions: 15x11

Features

  • Double Vanity,Cathedral Ceiling(s),High Ceilings,Kitchen Island,Entrance Foyer,Ceiling Fan(s),Hardwood Floors,Eat-in Kitchen,Wired for Data,Pantry,Smart Thermostat,Walk-In Closet(s)
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Gas Log,Living Room
  • Fireplace: Yes
  • Finished area below ground: 264
  • Common walls with other units/homes: 2+ Common Walls

Great Room

  • Level: Main
  • Area: 306
  • Dimensions: 18x17

Heating & Cooling

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

Interior Area

  • Total structure area: 1,659
  • Total interior livable area: 1,659 sqft

Kitchen

  • Level: Main
  • Area: 110
  • Dimensions: 11x10

Laundry

  • Features: Tile-Ceramic
  • Level: Upper
  • Area: 42
  • Dimensions: 7x6

Master Bedroom

  • Level: Upper
  • Area: 221
  • Dimensions: 17x13

Property

Details

  • Parcel number: 491101187038017101
  • Attached to another structure: Yes
  • Horse amenities: None

Features

  • Levels: Three Or More
  • Entry location: Ground Level
  • Patio & porch: Porch
  • Exterior features: Sprinkler System

Lot

  • Features: Sidewalks,Trees-Small (Under 20 Ft)

Parking

  • Total spaces: 2
  • Parking features: Attached,Common
  • 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
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Tornado
Cold Wave
Earthquake
Heat Wave
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 $2,022$24,264
Home Insurance *$189$2,268
Property Taxes $424$5,088
Electricity $184$2,212
Total$2,819$33,828
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,651/yr
40% on housing$84,570/yr
45% on housing$75,173/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

$241This listing

vs Other Active Listings

Avg $/sqft

ZIP 46202$168
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46202$182
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)

No zestimate history available

Price History

DateEventPrice
2026-05-09Price change$425,000
2026-04-23Price change$430,000
2026-04-14Price change$450,000
2026-03-27Listed for sale$460,000
2015-06-15Sold$360,100
2015-04-22Pending sale$360,000
2015-04-04Listed for sale$360,000
2014-02-28Sold$297,000
2014-01-22Pending sale$309,900
2013-10-31Price change$309,900
2013-10-24Listed for sale$324,900
2013-09-21Listing removed$324,900
2013-07-18Listed for sale$324,900
2011-05-09Sold$267,500
2011-03-04Sold$267,500
2011-02-26Listed for sale$284,900
2011-02-17Pending sale$284,900
2011-01-08Price change$284,900
2010-11-12Price change$289,900
2010-10-13Listed for sale$299,900

For Sale by Agent

AgentPaul Kilgore, Berkshire Hathaway Home
BrokerageBerkshire Hathaway Home

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