NOT LISTED FOR SALE

4506 Phoenix Dr Indianapolis, IN 46241

Mars Hill Neighborhood

Estimated Value: $155,000 - $176,125

3 Beds
1 Bath
884 Sq Ft
$189/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2025

Last sale price $172,000 $195 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,013 / mo

74 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Attached Garage
  • Central Air
  • No HOA
  • Vinyl Plank Flooring
  • Combination Kitchen and Dining Room

About This Home

As of August 2025

Great Opportunity in Decatur Township! This 3-bed, 1-bath ranch offers more space than it seems, with a partially converted garage that could serve as a 4th bedroom or second living area (not included in square footage). New waterproof vinyl plank flooring and fresh paint throughout. The large fenced backyard is perfect for pets or play and includes a storage shed. Home needs a little TLC-great chance to add your personal touch and build equity. Don't miss out!

Last Agent to Sell the Property

Justus Hodges

Just Homes Realty License #RB21000375 Listed on: 04/10/2025

Just Homes Realty

Last Buyer's Agent

Perla Palma

Carpenter, REALTORS®

Carpenter, REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,428

Year Built

  • Built in 1980

Lot Details

  • 6,490 Sq Ft Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 884 Sq Ft Home
  • Combination Kitchen and Dining Room
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Liberty Early Elementary School
  • Decatur Middle School
  • Decatur Central High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Southwest Hills Subdivision

Listing and Financial Details

  • Tax Lot 491130120054000200
  • Assessor Parcel Number 491130120054000200
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,428

Year Built

Built in 1980

Lot Details

6,490 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1980
  • Building Area Total: 884
  • Garage Y N: Yes
  • Lot Size Acres: 0.15
  • On Market Date: 2025-04-10
  • Subdivision Name: Southwest Hills
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Electric Oven, Refrigerator, Washer, Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access
  • Living Area: 884
  • Other Equipment: Smoke Alarm
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 884
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Wood Siding
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached

Utilities

  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Electric, Heat Pump
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Decatur Middle School

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 6490
  • Parcel Number: 491130120054000200
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 2428
  • Tax Lot: 491130120054000200
  • Semi Annual Property Tax Amt: 1214

MLS Schools

  • Elementary School: Liberty Early Elementary School
  • High School: Decatur Central High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2025
Closed on
Jul 31, 2025
Sold by
Carmer Isaiah W and Spivey Ashley L
Bought by
Chicas Ingrid Marisol Lemu and Hernandez German Fernando
Seller's Agent
Justus Hodges
Just Homes Realty
Buyer's Agent
Perla Palma
Carpenter, REALTORS®
List Price
$167,000
Sold Price
$172,000
Premium/Discount to List
$5,000
2.99%
Views
80
Current Estimated Value
$167,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,719
Avg. Annual Appreciation
-3.79%
Original Mortgage
$163,400
Outstanding Balance
$163,258
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$4,023

Purchase Details

Listed on
Mar 12, 2023
Closed on
May 2, 2023
Sold by
Pennington Angela
Bought by
Cramer Isaiah W and Spivey Ashley L
Seller's Agent
Angela Pennington
The Modglin Group
Buyer's Agent
Justus Hodges
Rodriguez Real Estate Group
List Price
$148,900
Sold Price
$154,000
Premium/Discount to List
$5,100
3.43%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%
Original Mortgage
$154,000
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2023
Closed on
Apr 24, 2023
Sold by
Pennington Angela
Bought by
Cramer Isaiah W and Spivey Ashley L
Seller's Agent
Angela Pennington
The Modglin Group
Buyer's Agent
Justus Hodges
Rodriguez Real Estate Group
List Price
$148,900
Sold Price
$154,000
Premium/Discount to List
$5,100
3.43%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2021
Sold by
Dilbeck Testamentary Trust
Bought by
Pennington Angela
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
Chicas Ingrid Marisol Lemu -- First American Title
Cramer Isaiah W $154,000 Chicago Title
Cramer Isaiah W -- Chicago Title
Pennington Angela $68,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chicas Ingrid Marisol Lemu $163,400
Previous Owner Cramer Isaiah W $154,000
Previous Owner Cramer Isaiah W $154,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2025 08/01/25 Sold $172,000 +3.0% $195 / Sq Ft
06/23/2025 06/23/25 Pending -- -- --
06/09/2025 06/09/25 For Sale $167,000 -2.9% $189 / Sq Ft
05/17/2025 05/17/25 Off Market $172,000 -- --
05/14/2025 05/14/25 For Sale $167,000 0.0% $189 / Sq Ft
04/27/2025 04/27/25 Pending -- -- --
04/23/2025 04/23/25 Price Changed $167,000 -4.3% $189 / Sq Ft
04/14/2025 04/14/25 Price Changed $174,500 0.0% $197 / Sq Ft
04/14/2025 04/14/25 For Sale $174,500 +1.5% $197 / Sq Ft
04/11/2025 04/11/25 Off Market $172,000 -- --
04/10/2025 04/10/25 For Sale $177,500 +15.3% $201 / Sq Ft
04/24/2023 04/24/23 Sold $154,000 +3.4% $174 / Sq Ft View Prior Sale
03/14/2023 03/14/23 Pending -- -- --
03/12/2023 03/12/23 For Sale $148,900 -- $168 / Sq Ft
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 $1,582 $156,100 $8,800 $147,300
2024 $1,244 $144,100 $8,800 $135,300
2023 $1,244 $112,400 $8,800 $103,600
2022 $2,515 $108,500 $8,800 $99,700
2021 $2,159 $90,600 $8,800 $81,800
2020 $777 $87,100 $8,800 $78,300
2019 $739 $79,400 $8,800 $70,600
2018 $661 $74,100 $8,800 $65,300
2017 $794 $79,800 $8,800 $71,000
2016 $586 $63,200 $8,800 $54,400
2014 $547 $61,500 $8,800 $52,700
2013 $605 $62,100 $8,800 $53,300
Source: Public Records

Agents Affiliated with this Home

  • Justus Hodges

    Seller's Agent in 2025

    Justus Hodges

    Just Homes Realty

    (317) 937-7656

    5 in this area

    57 Total Sales

    Justus Hodges
    Section Image

  • P

    Buyer's Agent in 2025

    Perla Palma

    Carpenter, REALTORS®

    Section Image
  • Angela Pennington

    Seller's Agent in 2023

    Angela Pennington

    The Modglin Group

    (317) 946-9764

    6 in this area

    12 Total Sales

    Angela Pennington
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22031911

MIBOR Broker Listing Cooperative®

APN: 49-11-30-120-054.000-200

Indiana Marion County Indianapolis 46241 Mars Hill

4506 Phoenix Dr, Indianapolis, IN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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