3039 Alice Ave Indianapolis, IN 46237
University Heights Neighborhood
2
Beds
1.5
Baths
1,001
Sq Ft
0.36
Acres
Highlights
- Traditional Architecture
- 1 Car Detached Garage
- Forced Air Heating System
- No HOA
- 1-Story Property
- Combination Dining and Living Room
About This Home
As of July 2025Turnkey rental or ideal first-time buy! This 2-bed, 1.5-bath home is tenant-occupied on a month-to-month lease at $1,225/month-offering immediate income. With spacious living areas and strong rental performance, it's a reliable portfolio addition or starter home. FHA and conventional financing welcomed. Available individually or as part of a larger Alice Ave portfolio.Seller financing is not available. Sold as-is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,624
Year Built
- Built in 1935
Lot Details
- 0.36 Acre Lot
Parking
- 1 Car Detached Garage
Home Design
- Traditional Architecture
- Slab Foundation
- Aluminum Siding
Interior Spaces
- 1,001 Sq Ft Home
- 1-Story Property
- Window Screens
- Combination Dining and Living Room
- Vinyl Flooring
- Electric Cooktop
Bedrooms and Bathrooms
- 2 Bedrooms
Utilities
- Forced Air Heating System
- Water Heater
Community Details
- No Home Owners Association
- Somerset Subdivision
Listing and Financial Details
- Tax Lot 491029106024000574
- Assessor Parcel Number 491029106024000574
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 27, 2020
Sold by
Cleo Properties Llc
Bought by
Inpraedium Quarters Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,225
Outstanding Balance
$447,132
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
-$336,217
Similar Homes in Indianapolis, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $64,705 | Eagle Land Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $250,000 | Credit Line Revolving | |
| Closed | $85,000 | New Conventional | |
| Open | $498,225 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | Sold | $106,979 | -2.7% | $107 / Sq Ft |
| 05/28/2025 05/28/25 | Pending | -- | -- | -- |
| 05/21/2025 05/21/25 | Price Changed | $110,000 | -18.5% | $110 / Sq Ft |
| 05/08/2025 05/08/25 | For Sale | $134,999 | 0.0% | $135 / Sq Ft |
| 04/15/2025 04/15/25 | Pending | -- | -- | -- |
| 03/18/2025 03/18/25 | For Sale | $134,999 | 0.0% | $135 / Sq Ft |
| 11/06/2023 11/06/23 | Rented | $1,150 | 0.0% | -- |
| 08/15/2023 08/15/23 | For Rent | $1,150 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $2,730 | $110,000 | $21,600 | $88,400 |
| 2023 | $2,730 | $103,200 | $21,600 | $81,600 |
| 2022 | $2,533 | $95,000 | $21,600 | $73,400 |
| 2021 | $2,393 | $88,300 | $21,600 | $66,700 |
| 2020 | $2,219 | $81,200 | $21,600 | $59,600 |
| 2019 | $1,946 | $70,400 | $7,900 | $62,500 |
| 2018 | $1,893 | $69,200 | $7,900 | $61,300 |
| 2017 | $1,870 | $68,300 | $7,900 | $60,400 |
| 2016 | $1,826 | $66,600 | $7,900 | $58,700 |
| 2014 | $1,559 | $64,300 | $7,900 | $56,400 |
| 2013 | $1,564 | $64,300 | $7,900 | $56,400 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2025
Max Moore
@properties
-
K
Seller Co-Listing Agent in 2025
Kyle Hoffman
@properties
-
M
Buyer's Agent in 2025
Michelle West
eXp Realty, LLC
-
M
Seller's Agent in 2023
Mark Jones
PMI Midwest
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22027374
APN: 49-10-29-106-024.000-574
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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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