262 W Ray St Indianapolis, IN 46225
Estimated payment $3,605/month
Highlights
- Mature Trees
- No HOA
- Wrap Around Porch
- Corner Lot
- Formal Dining Room
- Eat-In Kitchen
About This Home
Incredible Investment Opportunity! Nestled just half a block from the iconic Colts Stadium and the bustling heart of downtown, this extraordinary property provides endless options and opportunity. Steps away from a world of entertainment, dining, and cultural experiences, this home offers unparalleled access to the vibrant downtown scene, making it a coveted spot for those who thrive on the city's energy. Behind the home is Babe Denny Park, providing a personal retreat amid urban life. Enjoy leisurely strolls, picnics, or simply unwind in nature, all just a stone's throw from your doorstep. With nine generously sized bedrooms, this home is designed to accommodate large families, groups of friends, or even a thriving vacation rental business. This space ensures that everyone has room to relax and unwind. This property is currently thriving as a VRBO/Airbnb vacation home, creating an opportunity for savvy investors to tap into the booming short-term rental market in a prime location. Whether you envision it as a family home, a vacation rental, or a combination of both, this property adapts to your lifestyle and investment goals. This unique opportunity is seldom found in today's market! Don't miss this chance to own this rarity in one of the city's most coveted locations.
Listing Agent
Encore Sotheby's International License #RB24000786 Listed on: 07/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,574
Year Built
- Built in 1919
Lot Details
- 4,792 Sq Ft Lot
- Corner Lot
- Mature Trees
Parking
- Aggregate Flooring
Home Design
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Formal Dining Room
- Basement
- Basement Cellar
- Fire and Smoke Detector
- Dryer
Kitchen
- Eat-In Kitchen
- Electric Oven
- Microwave
- Dishwasher
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 9 Bedrooms
Outdoor Features
- Outdoor Gas Grill
- Wrap Around Porch
Utilities
- Forced Air Heating and Cooling System
- ENERGY STAR Qualified Water Heater
Community Details
- No Home Owners Association
- Fulmers Resub Subdivision
Listing and Financial Details
- Assessor Parcel Number 491111100011000101
Map
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 | $10,593 | $438,600 | $19,700 | $418,900 |
| 2023 | $10,593 | $442,900 | $19,700 | $423,200 |
| 2022 | $9,660 | $400,900 | $19,700 | $381,200 |
| 2021 | $8,989 | $386,000 | $4,400 | $381,600 |
| 2020 | $8,887 | $380,200 | $4,400 | $375,800 |
| 2019 | $8,185 | $343,300 | $4,400 | $338,900 |
| 2018 | $7,690 | $319,500 | $4,400 | $315,100 |
| 2017 | $4,924 | $228,300 | $4,400 | $223,900 |
| 2016 | $1,386 | $62,900 | $4,400 | $58,500 |
| 2014 | $1,358 | $62,600 | $4,400 | $58,200 |
| 2013 | $531 | $62,600 | $4,400 | $58,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/28/2025 09/28/25 | Pending | -- | -- | -- | |
| 09/15/2025 09/15/25 | Price Changed | $529,500 | -3.6% | $188 / Sq Ft | |
| 07/01/2025 07/01/25 | For Sale | $549,500 | +815.8% | $196 / Sq Ft | |
| 06/10/2016 06/10/16 | Sold | $60,000 | 0.0% | $37 / Sq Ft | View Prior Sale |
| 06/06/2016 06/06/16 | Pending | -- | -- | -- | |
| 05/18/2016 05/18/16 | Off Market | $60,000 | -- | -- | |
| 04/25/2016 04/25/16 | For Sale | $83,000 | -- | $51 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $281,300 | -- | |
| Deed | $375,000 | -- | |
| Warranty Deed | -- | First American Title | |
| Warranty Deed | -- | First American Title | |
| Interfamily Deed Transfer | -- | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $281,250 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22041977
APN: 49-11-11-100-011.000-101
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