923 S State Ave Indianapolis, IN 46203
Fountain Square NeighborhoodEstimated payment $2,030/month
Highlights
- Updated Kitchen
- High Ceiling
- Covered Patio or Porch
- Traditional Architecture
- No HOA
- 1 Car Detached Garage
About This Home
This STR portfolio is comprised of four properties totaling 16 rentable units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included green space to add units offer multiple investment strategies.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,070
Year Built
- Built in 2016
Parking
- 1 Car Detached Garage
Home Design
- Traditional Architecture
- Split Level Home
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Woodwork
- High Ceiling
- Combination Dining and Living Room
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Updated Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
- Disposal
Flooring
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry on upper level
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Electric Water Heater
Additional Features
- Covered Patio or Porch
- 2,352 Sq Ft Lot
Community Details
- No Home Owners Association
- Fountain Square Subdivision
Listing and Financial Details
- Tax Lot 491007140014001101
- Assessor Parcel Number 491007140014001101
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 | $6,303 | $264,300 | $9,300 | $255,000 |
| 2023 | $6,303 | $262,800 | $9,300 | $253,500 |
| 2022 | $6,138 | $254,600 | $9,300 | $245,300 |
| 2021 | $5,463 | $235,300 | $9,300 | $226,000 |
| 2020 | $4,933 | $212,900 | $9,300 | $203,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/17/2025 07/17/25 | Price Changed | $290,000 | -3.3% | $177 / Sq Ft | |
| 05/16/2025 05/16/25 | For Sale | $300,000 | +35.1% | $183 / Sq Ft | |
| 09/27/2022 09/27/22 | Sold | $222,000 | -4.5% | $136 / Sq Ft | View Prior Sale |
| 08/02/2022 08/02/22 | Pending | -- | -- | -- | |
| 07/07/2022 07/07/22 | For Sale | $232,400 | 0.0% | $143 / Sq Ft | |
| 07/06/2022 07/06/22 | Pending | -- | -- | -- | |
| 06/28/2022 06/28/22 | Price Changed | $232,400 | -3.1% | $143 / Sq Ft | |
| 06/14/2022 06/14/22 | For Sale | $239,900 | 0.0% | $147 / Sq Ft | |
| 12/09/2021 12/09/21 | Rented | -- | -- | -- | |
| 10/08/2021 10/08/21 | For Rent | $1,595 | 0.0% | -- | |
| 05/13/2021 05/13/21 | Rented | -- | -- | -- | |
| 04/27/2021 04/27/21 | For Rent | $1,595 | +20.4% | -- | |
| 01/23/2020 01/23/20 | Rented | $1,325 | +1.9% | -- | |
| 01/15/2020 01/15/20 | Under Contract | -- | -- | -- | |
| 12/04/2019 12/04/19 | For Rent | $1,300 | 0.0% | -- | |
| 10/10/2019 10/10/19 | Sold | $212,000 | -3.2% | $130 / Sq Ft | View Prior Sale |
| 10/10/2019 10/10/19 | For Sale | $219,000 | 0.0% | $134 / Sq Ft | |
| 06/01/2018 06/01/18 | Rented | $1,400 | +1.8% | -- | |
| 04/28/2018 04/28/18 | Under Contract | -- | -- | -- | |
| 04/20/2018 04/20/18 | For Rent | $1,375 | 0.0% | -- | |
| 04/06/2018 04/06/18 | Under Contract | -- | -- | -- | |
| 03/27/2018 03/27/18 | For Rent | $1,375 | +10.0% | -- | |
| 11/16/2017 11/16/17 | Rented | $1,250 | 0.0% | -- | |
| 11/09/2017 11/09/17 | Under Contract | -- | -- | -- | |
| 10/04/2017 10/04/17 | For Rent | $1,250 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Investors Title | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $177,600 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22037118
APN: 49-10-07-140-014.001-101
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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