For sale

$199,900

Est. $1,312/mo —

•

1,180

sq ft

1516 Ruth Dr, Indianapolis, IN 46240

About this home

Space, potential, and a rare 3-car garage! Welcome to 1516 Ruth Drive, a 3-bedroom, 2-bath ranch situated on a double lot on Indianapolis' north side. With an expansive yard and a 3-car detached garage, this property offers the kind of extra space that can be hard to find. Whether you need room for vehicles, hobbies, a workshop, storage, gardening, entertaining, or simply want more outdoor space to enjoy, this property delivers plenty of possibilities. Inside, the single-level layout is ready for a new owner to bring their vision and personal touches. Conveniently located near shopping, dining, everyday amenities, and major roadways. Property is being sold as-is, making this a great opportunity for a buyer ready to unlock its potential. With 3 bedrooms, 2 full baths, a double lot, and a 3-car garage, 1516 Ruth Drive has the space and possibilities to become something truly special.

Single-familyProperty Type

1925Year Built

0.29 acresLot Size

$169Price/Sq.Ft.

3 car garageParking

Listed by April Trusley • Highgarden Real Estate

Listing updated: Oct 7, 2026 at 02:05pm

Redfin checked: a few seconds ago

•Source:MIBOR as Distributed by MLS Grid #22126592

Payment calculator

$1,312 per month

Principal and interest$1,091

Property taxes

$130

HOA dues

Home insurance

$92

Utilities

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Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Clearwater Elementary School

Public K-5 • Assigned • 1.6mi

7/10

Eastwood Middle School

Public 6-8 • Assigned • 2.5mi

9/10

North Central High School

Public 9-12 • Assigned • 1.6mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

1516 Ruth Dr · $199,900

Strong offer

$200K and above

75% chance or better to win

Why $200K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 29 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Attic access
Masonry fireplace serving living room and family room
Smoke detector(s)

Bedrooms
Primary bedroom includes a sitting room
Three main-level bedrooms

Bathrooms
Two full bathrooms; primary bath has a tub with shower

Kitchen
Electric oven
Refrigerator

Laundry & utility
Main-level laundry room

Heating & cooling
Forced air heating
Central air
Wall unit(s) for supplemental cooling

Sale and tax history for 1516 Ruth Dr

Sale History
Tax History

Date

Event

Price

MIBOR as Distributed by MLS Grid #22126592

Oct 7, 2026

Price Changed

$199,900

$169/sq ft

Sep 16, 2026

Listed

$204,900

$174/sq ft

MIBOR as Distributed by MLS Grid #21768868

Jul 19, 2021

Sold

$108,500

$92/sq ft

May 17, 2021

Pending

—

May 15, 2021

Relisted

—

Apr 8, 2021

Listing Removed

—

Mar 1, 2021

Listed

$108,000

$92/sq ft

+21

MIBOR as Distributed by MLS Grid #21638058

Nov 8, 2019

Listing Removed

—

Aug 2, 2019

Listing Removed

—

May 6, 2019

Listed

$104,500

$89/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$1,554 (+22.4%)

$19,200 + $132,200

$151,400

2024

$1,270 (+4.3%)

$19,200 + $101,800

$121,000

2023

$1,218 (−2.5%)

$19,200 + $101,800

$121,000

2022

$1,249 (−7.8%)

$19,200 + $101,800

$121,000

2021

$1,355 (−56.7%)

$11,800 + $104,800

$116,600

2020

$3,129 (+6.2%)

$11,800 + $104,800

$116,600

2019

$2,947 (+8.0%)

$11,800 + $109,500

$121,300

2018

$2,727 (+2.2%)

$11,800 + $109,500

$121,300

2017

$2,669 (+7.3%)

$11,800 + $101,700

$113,500

2016

$2,488 (+7.6%)

$11,800 + $101,700

$113,500

2015

$2,313 (+3.1%)

$11,800 + $101,200

$113,000

2014

$2,244 (−0.9%)

$11,800 + $99,900

$111,700

2013

$2,265

$11,800 + $97,100

$108,900

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

50 ft.

Lot depth

127 ft.

Lot size

6,360 Sq. Ft.

Year renovated

1950

Finished Sq. Ft.

1,180

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,180

Year built

1925

Style

Single Family Residential

County

Marion County

APN

490325111079000800

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 19, 2026.

COMPACT

Dwelling District Four

The D-4 District is intended for low or medium intensity single-family and two-family residential development. Land in this District needs good thoroughfare access, relatively flat topography, and nearby community and neighborhood services and facilities with pedestrian linkages. Provisions for recreational facilities serving the neighborhood within walking distance are vitally important. Trees fulfill an important cooling and drainage role for the individual lots in this District. The D-4 District has a typical density of 4.2 units per gross acre. This District fulfills the low density residential classification of the Comprehensive General Land Use Plan. All public utilities and facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.

Zone overlays

Compact Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

Jan 9, 2018 • Final

Right of way permit-excavation

Grading

Jan 18, 2013 • Active

Electrical-1-2 family-general services

Remove and replace the electrical riser, meter base, and service panel.

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

6/10 Flood Factor

Estimated 68-76% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 101° expected this year, 18 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 6 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46240

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

92/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Indianapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.7 hrs

5.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 1516 Ruth Dr

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $177,000 and $245,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $177K to $245K.

SOLD JUN 2, 2026
$200,000 Last sold price
3 beds1 bath1,043 sq ft
1835 E 75th St, Indianapolis, IN 46240
$23/sq ft
smaller lot
29 years newer
SOLD AUG 14, 2026
$177,000 Last sold price
1 bed1 bath1,224 sq ft
1737 E 72nd St, Indianapolis, IN 46240
$24/sq ft
larger lot
8 years newer
SOLD JUL 28, 2026
$225,500 Last sold price
3 beds2 baths1,128 sq ft
1935 Randall Rd, Indianapolis, IN 46240
$31/sq ft
smaller lot
28 years newer
SOLD SEP 1, 2026
$182,500 Last sold price
2 beds1 bath1,496 sq ft
7031 Caroline Ave, Indianapolis, IN 46220
$47/sq ft
smaller lot
27 years newer
SOLD SEP 2, 2026
$245,000 Last sold price
3 beds1 bath1,025 sq ft
1936 Randall Rd, Indianapolis, IN 46240
$70/sq ft
smaller lot
28 years newer
SOLD SEP 4, 2026
$180,000 Last sold price
2 beds1 bath1,728 sq ft
1614 E 72nd St, Indianapolis, IN 46240
$65/sq ft
smaller lot
29 years newer

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Details provided by MIBOR as Distributed by MLS Grid and may not match the public record. Learn more.

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