RENTING THIS ONE IS NO PROBLEM!!!..TENANT OCCUPIED AND PUMPING A GREAT CASH FLOW!!..3 bdrm / 2 full bath ranch 1900 feet from University Of Indianapolis!..Generating $1250 monthly! AND virtually every major repair cost has been expended. Roof (2018), HVAC (2018), water heater (2017), sewer line (2015), both baths are NEW, driveway (2017), third bedroom added with private bath, new vinyl plank flooring and new gas cook top & fridge. Hardwoods and crown mouldings finish off a project well executed. Much attention has been afforded to minimize costs associated with upkeep and all such embellishments have been made with good taste in mind. ALSO, this would be a GREAT home as an owner occupant after the rental term is completed. TAKE A LOOK!!
Single-familyProperty Type
1950Year Built
8,364 sq ftLot Size
$175Est. Price/Sq.Ft.
Listed by Gib Barker• Exceptional Homes Realty
Contact: gbarker@homes-indiana.com
Bought with Keisha Lewis• Front Porch Real Estate, LLC
MOVE IN READY!! This beautiful ranch has been nicely maintained with some great features! This home has 2 living spaces (Family And Living Room), 2 Bedrooms, 1.5 baths, and a large fully-fenced in back yard. Updates to the home include a new roof on house ('18), HVAC ('18), paved the driveway ('17), new water heater ('17), Updated chimney & cover, insulated wall in Living Room('18), Refrigerator ('18), new sewer line ('15) & new door on the bathtub ('18). The floors in the 2 bedrooms are the original hardwood. Also, hardwoods are under the living room carpet Great eat-in kitchen with built-in oven, new gas range & stainless steel refrigerator stays. This one is just waiting on it's new owners!!!
MIBOR as Distributed by MLS Grid #21261293
May 17, 2014
Listing Removed
—
Oct 16, 2013
Listed
$49,900
$50/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,112 (+14.5%)
$13,500 + $156,700
$170,200
2024
$3,590 (+9.7%)
$13,500 + $133,200
$146,700
2023
$3,273 (+12.8%)
$13,500 + $133,200
$146,700
2022
$2,901 (+32.7%)
$13,500 + $120,000
$133,500
2021
$2,185 (+26.1%)
$13,500 + $77,200
$90,700
2020
$1,733 (+1,159.8%)
$13,500 + $77,200
$90,700
2019
$138 (+2.2%)
$13,500 + $57,400
$70,900
2018
$135 (+2.9%)
$5,300 + $60,500
$65,800
2017
$131 (+3.0%)
$5,300 + $51,900
$57,200
2016
$127 (+234.2%)
$5,300 + $51,900
$57,200
2015
$38 (+2.7%)
$5,300 + $50,200
$55,500
2014
$37
$5,300 + $49,800
$55,100
2013
$37
$5,300 + $47,300
$52,600
Tax history for 3312 Olive St
Year
Property tax
Land + Additions
Assessment*
2025
$4,112 (+14.5%)
$13,500 + $156,700
$170,200
2024
$3,590 (+9.7%)
$13,500 + $133,200
$146,700
2023
$3,273 (+12.8%)
$13,500 + $133,200
$146,700
2022
$2,901 (+32.7%)
$13,500 + $120,000
$133,500
2021
$2,185 (+26.1%)
$13,500 + $77,200
$90,700
2020
$1,733 (+1,159.8%)
$13,500 + $77,200
$90,700
2019
$138 (+2.2%)
$13,500 + $57,400
$70,900
2018
$135 (+2.9%)
$5,300 + $60,500
$65,800
2017
$131 (+3.0%)
$5,300 + $51,900
$57,200
2016
$127 (+234.2%)
$5,300 + $51,900
$57,200
2015
$38 (+2.7%)
$5,300 + $50,200
$55,500
2014
$37
$5,300 + $49,800
$55,100
2013
$37
$5,300 + $47,300
$52,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
—
Stories
1
Lot width
62 ft.
Lot depth
135 ft.
Lot size
8,364 Sq. Ft.
Year renovated
1990
Sq. Ft.
1,000
Year built
1950
Style
Single Family Residential
County
Marion County
APN
491030110001100501
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
D5
COMPACT
TOD
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Compact Context Area
Transit Oriented Development Secondary Zoning District
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
Sep 30, 2017 • Final
Heating & cooling - 1-2 family
Replace the gas furnace and air conditioning unit.
Gas
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.
Interior Features: Attic Access, Hardwood Floors, Windows Wood, Wood Work Painted, Eat-in Kitchen
Appliances: Gas Cooktop, Dryer, Disposal, Oven, Refrigerator, Washer, Gas Water Heater
Areas Interior: Living Room Formal
Exterior
Exterior Features
Exterior Features: Barn Mini
Fencing: Fence Complete, Fence Full Rear
Property Information
Ownership Interest Types: No Assoc
Other Equipment: Smoke Alarm
Property Type: Residential
Property Sub Type: Single Family Residence
Land Information
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.192
Lot Features: Trees-Small (Under 20 Ft)
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Municipal/City
Utilities: Cable Available
Solid Waste Information: No
Location
School Information
High School District: Perry Township Schools
Location Information
Directions: From Meridian (US 31) Go NORTH to Summer Ave. Turn Right (EAST) to Shelby St. Turn Left (NORTH) to Sumner (Right). Follow to Olive Street and turn Left (North). Home is on the Left.
Tax Legal Description: ELLIS INVEST CO INC 2ND SHELBY ST ADD L106
Public facts
Beds: 2
Baths: —
Sq. Ft.: 1,000
Stories: 1.0
Lot Size: 8,364 square feet
Style: Single Family Residential
Year Built: 1950
Year Renovated: 1990
County: Marion County
APN: 491030110001100501
Home facts updated by county records on Oct 19, 2026
Other
Listing Information
Attribution Contact: gbarker@homes-indiana.com
Green Information
Green Certification YN: No
Home Information
Foundation Details: Block
Construction Materials: Aluminum Siding
Levels: One
Around this home
Schools
Eleanor Skillen Elementary School 34
Public PreK-5 • Assigned • 1.2mi
3/10
Emma Donnan Elementary and Middle
Charter K-8 • Assigned • 0.4mi
4/10
Christel House Watanabe Manual High School
Charter 9-12 • Assigned • 1.3mi
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
4/10 Heat Factor
7 days above 101° 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 • 46227
Average low and high temperatures (°F)
32
17
42
25
61
39
68
47
72
53
83
65
88
70
83
64
81
58
70
48
54
38
41
27
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
$167,000 – $202,000
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