Google street view image for 2229 Waterman Rd, Indianapolis, IN 46203

Off market

$171,988

•

— ba

•

1,186

sq ft

2229 Waterman Rd, Indianapolis, IN 46203

About this home

2229 Waterman Rd is a 1,186 square foot house on a 0.55 acre lot with 3 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $171,988.

Single-familyProperty Type

1925Year Built

0.55 acresLot Size

$145Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$171,988

$17K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.2% higher than the average sale price ($170K) of 6 comparable homes.

SOLD AUG 26, 2026
$125,000
A
3 beds1 bath1,289 sq ft
5960 Terrace Ave, Indianapolis, IN 46203
SOLD AUG 21, 2026
$225,000
B
3 beds2 baths1,248 sq ft
5014 Reeder St, Indianapolis, IN 46203
SOLD SEP 28, 2026
$75,000
C
2 beds1 bath1,200 sq ft
5414 E Orange St, Indianapolis, IN 46203
SOLD BY REDFIN AUG 3, 2026
$205,000
D
3 beds2 baths1,225 sq ft
5230 Cheryl Ln, Indianapolis, IN 46203
SOLD JUL 22, 2026
$210,000
E
3 beds1.5 baths1,292 sq ft
2323 S Sheridan Ave, Indianapolis, IN 46203
SOLD AUG 14, 2026
$180,000
F
3 beds2 baths1,288 sq ft
2902 S Sheridan, Indianapolis, IN 46203

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 46203, IN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

96.6%

0.0% MoM

Median sale price

$192K

$8K MoM

Avg. days on market

32d

6 days MoM

Recently sold homes

185

22 MoM

New listings for sale

$135,000
3 beds1 bath2,075 sq ft
1419 Leonard St, Indianapolis, IN 46203
$194,900
3 beds2 baths1,760 sq ft
1530 Barth, Indianapolis, IN 46203
$196,900
3 beds1.5 baths1,712 sq ft
3839 Hoyt Ave, Indianapolis, IN 46203
$320,000
1 bed1 bath1,135 sq ft
735 Lexington Ave #20, Indianapolis, IN 46203
$350,000
3 beds2.5 baths3,398 sq ft
627 E Morris St, Indianapolis, IN 46203
$230,000
2 beds1 bath738 sq ft
1418 Terrace Ave, Indianapolis, IN 46203
$299,000
3 beds2 baths1,308 sq ft
1064 Hosbrook, Indianapolis, IN 46203
$219,900
3 beds2 baths2,227 sq ft
1219 E Nelson Ave, Indianapolis, IN 46203
$350,000
4 beds3 baths1,846 sq ft
722 Terrace Ave, Indianapolis, IN 46203
$199,000
4 beds2 baths2,064 sq ft
933 E Morris St, Indianapolis, IN 46203
See all

Provided by Redfin

Sale history for 2229 Waterman Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$2,927 (+104.3%)

$20,100 + $100,700

$120,800

2024

$1,433 (−51.9%)

$20,100 + $99,800

$119,900

2023

$2,979 (+4.0%)

$20,100 + $99,800

$119,900

2022

$2,866 (+120.1%)

$20,100 + $101,600

$121,700

2021

$1,302 (+8.8%)

$20,100 + $87,300

$107,400

2020

$1,197 (−6.1%)

$20,100 + $87,300

$107,400

2019

$1,275 (+4.1%)

$20,100 + $87,800

$107,900

2018

$1,224 (+8.3%)

$20,100 + $87,800

$107,900

2017

$1,131 (−1.2%)

$20,100 + $83,600

$103,700

2016

$1,145 (+23.4%)

$20,100 + $83,600

$103,700

2015

$928 (−7.3%)

$20,100 + $81,200

$101,300

2014

$1,001 (−7.5%)

$20,100 + $80,100

$100,200

2013

$1,082

$20,100 + $79,600

$99,700

Tax history for 2229 Waterman Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,927 (+104.3%)

$20,100 + $100,700

$120,800

2024

$1,433 (−51.9%)

$20,100 + $99,800

$119,900

2023

$2,979 (+4.0%)

$20,100 + $99,800

$119,900

2022

$2,866 (+120.1%)

$20,100 + $101,600

$121,700

2021

$1,302 (+8.8%)

$20,100 + $87,300

$107,400

2020

$1,197 (−6.1%)

$20,100 + $87,300

$107,400

2019

$1,275 (+4.1%)

$20,100 + $87,800

$107,900

2018

$1,224 (+8.3%)

$20,100 + $87,800

$107,900

2017

$1,131 (−1.2%)

$20,100 + $83,600

$103,700

2016

$1,145 (+23.4%)

$20,100 + $83,600

$103,700

2015

$928 (−7.3%)

$20,100 + $81,200

$101,300

2014

$1,001 (−7.5%)

$20,100 + $80,100

$100,200

2013

$1,082

$20,100 + $79,600

$99,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

METRO

Dwelling District Two

The D-2 District is intended for use in suburban areas. Ample yards, trees and passive open spaces easily serving each individual lot are envisioned for this District. The D-2 District has a typical density of 1.9 units per gross acre. Two-family dwellings are permitted on corner lots in this District. This District fulfills the lowest density recommendation of the Comprehensive General Land Use Plan. Public water and sewer 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

Metro Context Area

Permitted uses

Include but are not limited to:

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

Feb 5, 2015 • Final

Sewer connection

Install a new residential lateral connection.

Plumbing

Jan 13, 2012 • Active

Heating & cooling permit-1-2 family-replacement

Install a replacement furnace in a residential building.

HVAC

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.

Property details

Interior

Basement Information
Basement Sq. Ft: 1,186
Basement Type: Full

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Room Information
# of Rooms: 7

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Stone/Rock
Building Type: Single Family

Pool Information
Pool Type: Above Ground
Has Pool

Property Information
Subdivision Name: WATERMANS AMD ARLINGTON AVE ADD
Living Sq. Ft: 1,186
Adjusted Gross Sq. Ft: 2,372
Ground Floor Sq. Ft: 1,186
Building Sq. Ft: 2,372
# of Stories: 1
Legal Description: WATERMANS AMENDED ARLINGTON L26

Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 672
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 23,871
Legal Lot Number: 26
Municipality Name: WARREN,OUTSIDE
Acres: 0.548
Depth Footage: 265
Front Footage: 90
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: —
Sq. Ft.: 1,186
Stories: 1.0
Lot Size: 0.55 acres
Style: Single Family Residential
Year Built: 1925
Year Renovated: 1925
County: Marion County
APN: 491022114023000700

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Lowell Elementary School

Public K-4 • Assigned • 0.8mi

4/10

Raymond Park Middle School (7-8)

Public 5-8 • Assigned • 2.6mi

4/10

Warren Central High School

Public 9-12 • Assigned • 5.2mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk 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 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46203

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$164,000 – $198,000

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

Nearby similar homes

$196,900

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New listings for sale in 46203

$135,000

3 beds1 bath2,075 sq ft

1419 Leonard St, Indianapolis, IN 46203

$194,900

3 beds2 baths1,760 sq ft

1530 Barth, Indianapolis, IN 46203

$196,900

3 beds1.5 baths1,712 sq ft

3839 Hoyt Ave, Indianapolis, IN 46203

$320,000

1 bed1 bath1,135 sq ft

735 Lexington Ave #20, Indianapolis, IN 46203

$350,000

3 beds2.5 baths3,398 sq ft

627 E Morris St, Indianapolis, IN 46203

$230,000

2 beds1 bath738 sq ft

1418 Terrace Ave, Indianapolis, IN 46203

$299,000

3 beds2 baths1,308 sq ft

1064 Hosbrook, Indianapolis, IN 46203

$219,900

3 beds2 baths2,227 sq ft

1219 E Nelson Ave, Indianapolis, IN 46203

$350,000

4 beds3 baths1,846 sq ft

722 Terrace Ave, Indianapolis, IN 46203

Home values near 2229 Waterman Rd

Data from public records.

Address	Redfin Estimate
2312 Waterman Rd, Indianapolis, IN 3 Beds \| - Baths \| 2080 Sq. Ft.	$227,893
2321 Waterman Rd, Indianapolis, IN 2 Beds \| 2 Baths \| 1358 Sq. Ft.	$250,843

Address	Redfin Estimate
2317 Waterman Rd, Indianapolis, IN 3 Beds \| - Baths \| 2032 Sq. Ft.	$164,728
2234 Waterman Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 2657 Sq. Ft.	$210,564

Address	Redfin Estimate
2225 Waterman Rd, Indianapolis, IN 3 Beds \| - Baths \| 1608 Sq. Ft.	$191,009
2228 Waterman Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 1416 Sq. Ft.	$173,299

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