Rare Opportunity in Indianapolis! Nearly 5 acres of heavily wooded residential land offering a private, natural setting in the heart of Indianapolis. Bean Creek runs through the property, adding scenic beauty and character, while sewer access is available at the street. Whether you're looking to build your dream home, create a private retreat, or explore development potential, this unique property offers endless possibilities with the convenience of city amenities nearby.
Utilities nearby: cable, electric, gas, sewer, telephone, water
Home design
Land parcel (residential lots)
Parking
No facilities on site
Construction
Zoned DD
Present zoning: Single Family
Utilities
Sewer: Not applicable
Water: Not applicable
No solid waste service listed
Sale and tax history for 2427 Hobart Rd
Sale History
Tax History
Date
Event
Price
MIBOR as Distributed by MLS Grid #22109553
Jun 22, 2026
Listed
$75,000
MIBOR as Distributed by MLS Grid #2346524
Sep 3, 2003
Listed
$39,900
MIBOR as Distributed by MLS Grid #2334959
Aug 26, 2003
Listing Removed
—
Jul 3, 2003
Listed
$75,000
MIBOR as Distributed by MLS Grid #2240366
Apr 26, 2003
Listing Removed
—
Aug 27, 2002
Listed
$75,000
Year
Property tax
Land + Additions
Assessment*
2025
$632 (−0.9%)
$26,900
2024
$638 (−14.4%)
$26,900
2023
$746 (−0.2%)
$26,900
2022
$748 (−6.3%)
$26,900
2021
$798 (+24.7%)
$26,900
2020
$640 (+31.0%)
$26,900
2019
$488 (−3.0%)
$21,600
2018
$504 (+12.9%)
$16,200
2017
$446 (+5.5%)
$16,200
2016
$423 (−13.7%)
$16,200
2015
$490 (+3.6%)
$16,200
2014
$473 (−1.0%)
$16,200
2013
$478
$16,200
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
4.31 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Marion County
APN
491020153018000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D4
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
Climate risks
6/10 Flood Factor
Estimated 70-78% 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
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)
32
19
42
27
61
40
68
49
72
55
83
67
87
72
82
66
81
62
70
51
54
40
42
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
22/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
2.5 hrs
1.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2427 Hobart Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $100,000 and $220,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $100K to $220K.