1542 S Alabama St Indianapolis, IN 46225
Bates-Hendricks NeighborhoodEstimated payment $2,204/month
Total Views
15,410
4
Beds
3.5
Baths
2,445
Sq Ft
$158
Price per Sq Ft
Highlights
- Craftsman Architecture
- 2 Car Detached Garage
- Central Air
- No HOA
- Walk-In Closet
- Combination Kitchen and Dining Room
About This Home
Price Reduced! Motivated Seller! Wow! This completely remodeled 4-bed, 3.5-bath Bates Hendricks home perfectly blends modern updates with original charm. Step inside and be greeted by a striking open-concept living, dining, and kitchen area, ideal for entertaining. The kitchen boasts ample storage, a stunning glass tile backsplash, a spacious island, and an incredible microwave drawer. A top-of-the-line washer/dryer combo is conveniently located just off the kitchen. The main-floor primary suite offers a luxurious retreat, featuring a walk-in closet, a double vanity, and a beautifully tiled shower. Upstairs, two en-suite bedrooms provide privacy and convenience for guests or family members. The fully fenced backyard is complete with a large deck, perfect for gatherings and outdoor relaxation. The property also features private alley access to a spacious parking area and a two-car garage, setting it apart from the rest. Additional updates include a brand-new water heater, AC, and plumbing for peace of mind. Nestled on a quiet, tree-lined street with a picturesque center island that bursts into color in spring and fall, this home is one house away from the elementary school-perfect for families. Located in historic Bates Hendricks, you'll enjoy proximity to Fletcher Park, Fountain Square, and downtown Indianapolis. Easy access to I-65 and I-70 makes commuting a breeze, and major employers like Eli Lilly and IU are just minutes away. For investors, this home is a perfect turnkey rental opportunity-ideal for long-term, mid-term, or short-term rentals. Its prime location, modern updates, and move-in-ready condition make it a fantastic income-producing property. For owner-occupants, a $10,000 grant opportunity is available! Ask me for details on how to take advantage of this incredible offer. Don't miss out-schedule your showing today! The seller is highly motivated, so bring your offers and make this stunning downtown gem yours!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,412
Year Built
- Built in 1900
Lot Details
- 5,401 Sq Ft Lot
Parking
- 2 Car Detached Garage
Home Design
- Craftsman Architecture
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Combination Kitchen and Dining Room
- Basement
- Basement Cellar
- Washer
Kitchen
- Gas Oven
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
Utilities
- Central Air
- Water Heater
Community Details
- No Home Owners Association
- Woodruff Sub Morris Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 491113162007000101
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,500 | $140,100 | $22,900 | $117,200 |
| 2023 | $1,500 | $134,600 | $22,900 | $111,700 |
| 2022 | $1,473 | $127,700 | $22,900 | $104,800 |
| 2021 | $1,376 | $117,900 | $22,900 | $95,000 |
| 2020 | $1,067 | $106,300 | $22,900 | $83,400 |
| 2019 | $382 | $61,400 | $4,100 | $57,300 |
| 2018 | $414 | $54,100 | $4,100 | $50,000 |
| 2017 | $313 | $45,700 | $4,100 | $41,600 |
| 2016 | $271 | $45,700 | $4,100 | $41,600 |
| 2014 | $241 | $44,500 | $4,100 | $40,400 |
| 2013 | $271 | $43,600 | $4,100 | $39,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | Price Changed | $385,900 | -0.3% | $158 / Sq Ft |
| 05/21/2025 05/21/25 | Price Changed | $386,900 | -0.3% | $158 / Sq Ft |
| 05/14/2025 05/14/25 | Price Changed | $387,900 | -0.3% | $159 / Sq Ft |
| 05/06/2025 05/06/25 | Price Changed | $388,900 | -0.3% | $159 / Sq Ft |
| 03/27/2025 03/27/25 | Price Changed | $389,900 | -2.5% | $159 / Sq Ft |
| 02/12/2025 02/12/25 | Price Changed | $399,900 | -3.6% | $164 / Sq Ft |
| 01/29/2025 01/29/25 | Price Changed | $414,900 | -2.1% | $170 / Sq Ft |
| 01/14/2025 01/14/25 | Price Changed | $424,000 | -1.2% | $173 / Sq Ft |
| 12/17/2024 12/17/24 | Price Changed | $429,000 | -3.6% | $175 / Sq Ft |
| 11/15/2024 11/15/24 | For Sale | $445,000 | -- | $182 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Fidelity National Title Compan | |
| Warranty Deed | -- | Fidelity National Title Compan | |
| Warranty Deed | $140,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $40,000 | New Conventional | |
| Closed | $335,000 | Construction | |
| Previous Owner | $9,900 | New Conventional | |
| Previous Owner | $52,800 | New Conventional |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22011748
APN: 49-11-13-162-007.000-101
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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.
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