5111 Ralston Ave Indianapolis, IN 46205
Fairgrounds NeighborhoodEstimated payment $2,573/month
Highlights
- Very Popular Property
- Cape Cod Architecture
- Deck
- Guest House
- Mature Trees
- Cathedral Ceiling
About This Home
Unbelievable opportunity in SoBro within biking distance to the Monon. Check out this 3 bedroom/1 bath featuring hardwood floors throughout and updated kitchen & bath. The 3rd bedroom is 23x12 and is a private upstairs retreat! Enter the basement through exterior side door leading to completely updated efficiency apartment with own bathroom, kitchen with center island, living room and laundry area. We're not stopping there... A must see separate 3 bedroom 1 bath carriage house in back of property offering it's own laundry connection, bedroom with screened in balcony, updated kitchen and bath as well!! Why not live in one unit and receive income on the other 2 units!! Tenants are on a month to month lease & will continue renting if you like. All kitchens and baths have been completely remodeled for you. Conveniently located near the Monon, Jazz Kitchen, Half Liter and Mama Corolla's. Enjoy this luxury set up all to yourself or become an investor! Either way your summer just got better with this ideal set up and short bike rides on the trail to dinner & concerts in Broad Ripple!
Listing Agent
F.C. Tucker Company Brokerage Email: Shawnna.west@talktotucker.com License #RB17001115 Listed on: 03/02/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,166
Year Built
- Built in 1940 | Remodeled
Lot Details
- 5,706 Sq Ft Lot
- Mature Trees
Home Design
- Cape Cod Architecture
- Traditional Architecture
- Block Foundation
- Wood Siding
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Cathedral Ceiling
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Gas Oven
- Gas Cooktop
- Built-In Microwave
- Kitchen Island
- Disposal
Flooring
- Wood
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- In-Law or Guest Suite
Laundry
- Laundry Room
- Laundry on main level
- Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Deck
- Covered Patio or Porch
Additional Homes
- Guest House
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- No Home Owners Association
- Bellaire Subdivision
Listing and Financial Details
- Tax Lot 678
- Assessor Parcel Number 490707139091000801
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 | $6,150 | $259,800 | $28,800 | $231,000 |
| 2023 | $6,150 | $254,800 | $28,800 | $226,000 |
| 2022 | $4,491 | $170,600 | $28,800 | $141,800 |
| 2021 | $4,030 | $170,300 | $12,300 | $158,000 |
| 2020 | $3,656 | $153,600 | $12,300 | $141,300 |
| 2019 | $3,548 | $146,200 | $12,300 | $133,900 |
| 2018 | $3,430 | $140,000 | $12,300 | $127,700 |
| 2017 | $3,064 | $194,300 | $12,300 | $182,000 |
| 2016 | $3,896 | $183,200 | $12,300 | $170,900 |
| 2014 | $3,769 | $173,600 | $12,300 | $161,300 |
| 2013 | $3,477 | $166,400 | $12,300 | $154,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/02/2026 03/02/26 | For Sale | $400,000 | +70.3% | $138 / Sq Ft | |
| 09/13/2022 09/13/22 | Sold | $234,900 | 0.0% | $140 / Sq Ft | View Prior Sale |
| 09/12/2022 09/12/22 | Pending | -- | -- | -- | |
| 08/25/2022 08/25/22 | Price Changed | $234,900 | -2.1% | $140 / Sq Ft | |
| 08/08/2022 08/08/22 | Price Changed | $239,900 | -4.0% | $143 / Sq Ft | |
| 07/21/2022 07/21/22 | For Sale | $250,000 | -- | $149 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $200,000 | Hocker Janet Davis | |
| Warranty Deed | -- | Stewart Title | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $164,430 | New Conventional | |
| Closed | $164,430 | Seller Take Back | |
| Previous Owner | $100,000 | Construction | |
| Previous Owner | $12,980 | Stand Alone Second | |
| Previous Owner | $103,840 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22085444
APN: 49-07-07-139-091.000-801
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.
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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Ask me questions while you tour the home.