RENTED OCT 1, 2025

1506 E Edwards Ave Indianapolis, IN 46227

University Heights Neighborhood

Estimated Value: $270,000 - $326,000

6 Beds
2 Baths
2,870 Sq Ft
$104/Sq Ft Est. Value

Sale Details

Date Sold: July 18, 2012

Last sale price $125,000 $44 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $2,100 / mo

Highlights

  • Traditional Architecture
  • High Ceiling
  • No HOA
  • Wood Flooring
  • L-Shaped Dining Room
  • Covered Patio or Porch

About This Home

As of October 2025

This home is located at 1506 E Edwards Ave, Indianapolis, IN 46227 since 25 May 2025 and is currently priced at $297,541. This property was built in 1920. 1506 E Edwards Ave is a home located in Marion County with nearby schools including Eleanor Skillen School No. 34, Ralph Waldo Emerson School 58, and George W. Julian School No. 57.

Last Agent to Rent the Property

Raveendran Dudhlur

Forthright Real Estate License #RB20001945 Listed on: 05/25/2025

Co-Listed By

Prasanth Dudhlur

Forthright Real Estate License #RB24001966

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 8,160

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • High Ceiling
  • L-Shaped Dining Room
  • Attic Access Panel
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Built-In Microwave
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Covered Patio or Porch
  • 8,160 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Elders University Heights Subdivision

Listing and Financial Details

  • Security Deposit $2,445
  • Property Available on 5/26/25
  • Tenant pays for all utilities, insurance
  • The owner pays for association fees, taxes
  • $30 Application Fee
  • Tax Lot 350
  • Assessor Parcel Number 491031101001184501

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

8,160 Sq Ft Lot

Parking

2

Rental Info

  • Available Date: 2025-05-26
  • Lease Amount: 2200
  • Tenant Pays: All Utilities, Insurance
  • Min Lease Req: 12
  • Security Deposit: 2445
  • Application Fee: 30
  • Lease Termin Months: 12

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Type: Residential Lease
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1920
  • Building Area Total: 4305
  • Co List Office Phone: 317-989-2165
  • Garage Y N: Yes
  • Lot Size Acres: 0.19
  • Subdivision Name: Elders University Heights
  • Transaction Type: Lease
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Dryer, Disposal, MicroHood, Gas Oven, Refrigerator, Washer, Gas Water Heater
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Interior Amenities: Attic Access, High Ceilings, Hardwood Floors, Eat-in Kitchen, Hi-Speed Internet Availbl
  • Living Area: 2870
  • Other Equipment: Smoke Alarm
  • Owner Pays: Association Fees, Taxes
  • Eating Area: Dining-L
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1435
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 1435

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Partial
  • Foundation Details: Block
  • Patio And Porch Features: Patio, Covered

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Utilities: Cable Connected
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No
  • Pets Allowed: W/Approval

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 8160
  • Parcel Number: 491031101001184501
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 4672
  • Tax Lot: 350
  • Semi Annual Property Tax Amt: 2336

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2020
Sold by
Tracey Brent A and Tracey Lisa J
Bought by
Lke Enterprise Llc
Current Estimated Value
$297,541

Purchase Details

Closed on
Jan 30, 2020
Sold by
Lke Enterprise Llc
Bought by
Huang Enzhen

Purchase Details

Listed on
Mar 29, 2012
Closed on
Jul 18, 2012
Sold by
Werner Timothy David and Werner Stephanie Dawn
Bought by
Tracey Brent A and Tracey Lisa J
Seller's Agent
Stacy Winegar
Buyer's Agent
Jill Jansen
F.C. Tucker Company
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$100,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2009
Sold by
Secretary Of Housing & Urban Development
Bought by
Werner Timothy David and Werner Stephanie Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,163
Interest Rate
5.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 29, 2009
Sold by
Eltzroth Sandra K
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Dec 3, 2008
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Housing & Urban Develop
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lke Enterprise Llc $165,000 Monument Title
Huang Enzhen $176,000 Monument Title
Tracey Brent A -- Chicago Title Company Llc
Werner Timothy David -- None Available
Wells Fargo Bank Na $106,437 None Available
The Secretary Of Housing & Urban Develop -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tracey Brent A $100,000
Previous Owner Werner Timothy David $90,163
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2025 10/01/25 Rented $2,100 -4.5% --
09/14/2025 09/14/25 Under Contract -- -- --
08/22/2025 08/22/25 Price Changed $2,200 -10.0% $1 / Sq Ft
05/25/2025 05/25/25 For Rent $2,445 0.0% --
07/18/2012 07/18/12 Sold $125,000 0.0% $29 / Sq Ft View Prior Sale
04/19/2012 04/19/12 Pending -- -- --
03/29/2012 03/29/12 For Sale $125,000 -- $29 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,973 $255,300 $27,300 $228,000
2024 $5,409 $251,700 $27,300 $224,400
2023 $5,409 $222,000 $27,300 $194,700
2022 $4,811 $198,300 $27,300 $171,000
2021 $4,114 $172,800 $27,300 $145,500
2020 $3,993 $167,100 $27,300 $139,800
2019 $3,856 $158,300 $20,700 $137,600
2018 $3,368 $136,600 $20,700 $115,900
2017 $2,972 $134,400 $20,700 $113,700
2016 $2,661 $122,500 $20,700 $101,800
2014 $2,332 $108,100 $20,700 $87,400
2013 $2,445 $107,000 $20,700 $86,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Landlord's Agent in 2025

    Raveendran Dudhlur

    Forthright Real Estate

    (317) 792-0340

    57 Total Sales

    Raveendran Dudhlur
    Section Image

  • P

    Landlord's Co-Listing Agent in 2025

    Prasanth Dudhlur

    Forthright Real Estate

    1 Total Sale

    Prasanth Dudhlur
    Section Image

  • S

    Seller's Agent in 2012

    Stacy Winegar

  • J

    Buyer's Agent in 2012

    Jill Jansen

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22040964

MIBOR Broker Listing Cooperative®

APN: 49-10-31-101-001.184-501

Indiana Marion County Indianapolis 46227 University Heights

1506 E Edwards Ave, Indianapolis, IN

Not Listed for Sale

Detached

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MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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