3161 N Colorado Ave Indianapolis, IN 46218
Martindale-Brightwood NeighborhoodEstimated payment $117/month
About This Lot
[Seller is willing to consider SELLER FINANCING options] Here's your chance to own a 5,227 sq ft vacant lot in the heart of Indianapolis' Forest Manor neighborhood. Located at 3161 N Colorado Ave, this residential parcel offers a prime opportunity for builders, investors, or anyone looking to create something new in a community on the rise. The lot sits on a quiet street surrounded by established homes and is just minutes from downtown Indianapolis, making it ideal for a custom build or rental property. Enjoy quick access to major highways, public transit, and local amenities. Nearby attractions include the Indianapolis Museum of Art, White River State Park, and the Indianapolis Zoo, offering cultural and recreational options close to home. With a growing demand for housing in the area, this lot presents a smart investment in a neighborhood with strong potential. Whether you're planning to build now or hold for future development, this property offers flexibility and value. Don't miss the opportunity to be part of Forest Manor's revitalization.
Property Details
Property Type
- Land
Est. Annual Taxes
- $136
Lot Details
- 5,227 Sq Ft Lot
Community Details
- Robinwood Subdivision
Listing and Financial Details
- Tax Lot 159
- Assessor Parcel Number 490721134027000101
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 | $136 | $4,900 | $4,900 | -- |
| 2023 | $136 | $4,900 | $4,900 | $0 |
| 2022 | $136 | $4,900 | $4,900 | $0 |
| 2021 | $113 | $4,900 | $4,900 | $0 |
| 2020 | $51 | $2,200 | $2,200 | $0 |
| 2019 | $52 | $2,200 | $2,200 | $0 |
| 2018 | $52 | $2,200 | $2,200 | $0 |
| 2017 | $47 | $2,200 | $2,200 | $0 |
| 2016 | $46 | $2,200 | $2,200 | $0 |
| 2014 | $48 | $2,200 | $2,200 | $0 |
| 2013 | $49 | $2,200 | $2,200 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2025 06/21/25 | Price Changed | $19,800 | -17.5% | -- |
| 04/29/2025 04/29/25 | For Sale | $24,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $780 | -- | |
| Quit Claim Deed | -- | None Available | |
| Deed | $500 | -- | |
| Quit Claim Deed | $450 | None Available | |
| Deed | $510 | None Available |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22035776
APN: 49-07-21-134-027.000-101
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