RENTED JUL 29, 2025

Estimated Value: $272,000 - $294,000

2 Beds
2 Baths
1,292 Sq Ft
$219/Sq Ft Est. Value

Highlights

  • Ranch Style House
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Perry Meridian Middle School Rated A-
  • Walk-In Closet
  • Family or Dining Combination

About This Home

As of July 2025

*Now Accepting Section 8!! Nestled in the heart of Indianapolis, 406 Tulip Dr is your serene retreat from the hustle and bustle of city life. This charming 2-bedroom home offers a spacious 1,292 square feet of living space, thoughtfully designed to provide both comfort and style. With two full bathrooms, you'll find convenience and privacy are at the forefront of this delightful property. Step inside to discover an inviting atmosphere that welcomes you with open arms, perfect for both relaxation and entertaining. The layout seamlessly blends functionality and aesthetics, ensuring every corner of the home feels warm and welcoming. Each bedroom promises a peaceful haven for rest and rejuvenation, while the bathrooms are elegantly appointed to enhance your daily routine. Located in a vibrant neighborhood, you'll enjoy easy access to local amenities and attractions, making it an ideal spot to experience the best of Indianapolis living. Whether you're hosting friends or enjoying a quiet evening in, this home is designed to cater to your every need. Come and explore the potential for creating lasting memories at 406 Tulip Dr, where comfort meets convenience in a beautiful setting. Don't miss your chance to make this delightful property your new home sweet home! All of our residents are enrolled in the Resident Benefits Package (RBP) for $36.95/month which includes credit building to help boost the resident's credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application. Deposit varies based on screening results. Rent Guarantee policy from theGuarantors required.

Last Agent to Rent the Property

Mark Jones

PMI Midwest License #RB14036355 Listed on: 06/20/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • 13,068 Sq Ft Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,292 Sq Ft Home
  • Family or Dining Combination
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Utilities

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

Community Details

  • Swathmoor Hills Subdivision
  • Property managed by PMI Midwest

Listing and Financial Details

  • Property Available on 6/20/25
  • Tenant pays for all utilities
  • The owner pays for no utilities
  • 12-Month Minimum Lease Term
  • $65 Application Fee
  • Tax Lot 491412126001000500
  • Assessor Parcel Number 491412126001000500

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

0.3 Acres

Parking

1

Rental Info

  • Available Date: 2025-06-20
  • Lease Amount: 1300
  • Lease Term: 12 Months
  • Tenant Pays: All Utilities
  • Min Lease Req: 12
  • Security Deposit: 0
  • Application Fee: 65

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential Lease
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1990
  • Building Area Total: 1292
  • Garage Y N: Yes
  • Lot Size Acres: 0.3
  • Subdivision Name: Swathmoor Hills
  • Transaction Type: Lease
  • Website: https://www.indianapolispropertymanagementinc.com/indianapolis-homes-for-rent/2488/406-tulip-dr-indianapolis-in-46227-2368
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, Electric Oven, Gas Water Heater
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Walk-In Closet(s)
  • Living Area: 1292
  • Other Equipment: Smoke Alarm
  • Owner Pays: No Utilities
  • Eating Area: Dining Combo/Great Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1292
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: W/Approval
  • Property Management Company: PMI Midwest
  • Property Management Company Phone: 317-546-3482

Lot Info

  • Property Attached Yn: Yes
  • Horse Amenities: None
  • Parcel Number: 491412126001000500
  • Acres: 1/4-1/2 Acre

Tax Info

  • Tax Lot: 491412126001000500
  • Semi Annual Property Tax Amt: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2021
Sold by
Stevenson David and Wade Jennifer L
Bought by
Indiana Hills Properties Llc
Current Estimated Value
$283,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$313,713
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
-$30,713

Purchase Details

Closed on
Nov 5, 2013
Sold by
Shirley Linda D
Bought by
Wade Jennifer L and Stevenson David E

Purchase Details

Closed on
Dec 19, 2008
Sold by
Voris Linda D
Bought by
Shirley Linda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
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
Indiana Hills Properties Llc -- None Listed On Document
Wade Jennifer L $140,000 --
Shirley Linda D -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Indiana Hills Properties Llc $375,000
Previous Owner Shirley Linda D $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2025 07/29/25 Rented $1,300 0.0% --
07/10/2025 07/10/25 Under Contract -- -- --
06/20/2025 06/20/25 For Rent $1,300 -- --
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 $6,277 $251,200 $28,200 $223,000
2024 $6,277 $246,600 $28,200 $218,400
2023 $5,675 $355,200 $28,200 $327,000
2022 $8,312 $319,000 $28,200 $290,800
2021 $7,394 $279,800 $28,200 $251,600
2020 $6,229 $233,600 $28,200 $205,400
2019 $4,547 $168,300 $17,500 $150,800
2018 $3,699 $137,500 $17,500 $120,000
2017 $3,847 $143,100 $17,500 $125,600
2016 $3,672 $136,300 $17,500 $118,800
2014 $3,705 $153,300 $17,500 $135,800
2013 $2,357 $153,300 $17,500 $135,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22046228

MIBOR Broker Listing Cooperative®

APN: 49-14-12-126-001.000-500

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