Charming 3-bedroom, 1-bath home situated on a corner lot featuring a covered front porch, functional layout, and an unfinished basement offering additional storage or potential. This property provides a great opportunity for homeowners or investors looking for a home with solid space and future possibilities.
Single-familyProperty Type
1920Year Built
4,356 sq ftLot Size
$47Price/Sq.Ft.
Listed by Perla Palma Nunez• Keller Williams Indy Metro Partners
Est. $1,158 per month, based on comparable rentals
Sale and tax history for 338 S Rural St
Sale History
Tax History
Date
Event
Price
MIBOR as Distributed by MLS Grid #22092243
Jun 8, 2026
Sold
$90,000
$47/sq ft
May 21, 2026
Pending
—
Apr 29, 2026
Price Changed
$115,000
$60/sq ft
Apr 9, 2026
Listed
$130,000
$68/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$623 (+8.1%)
$6,900 + $78,000
$84,900
2024
$576 (+13.6%)
$6,900 + $66,900
$73,800
2023
$507 (−1.7%)
$6,900 + $66,900
$73,800
2022
$516 (+11.9%)
$6,900 + $60,200
$67,100
2021
$461 (+14.6%)
$6,900 + $45,200
$52,100
2020
$402 (+16.0%)
$6,900 + $45,200
$52,100
2019
$347 (+7.8%)
$6,900 + $37,800
$44,700
2018
$322 (+14.1%)
$2,400 + $34,500
$36,900
2017
$282 (+6.0%)
$2,400 + $29,400
$31,800
2016
$266 (−2.9%)
$2,400 + $29,400
$31,800
2015
$274 (−62.0%)
$2,400 + $29,000
$31,400
2013
$721
$2,400 + $33,700
$36,100
Public record
Public record
Zoning
Permits
Beds
3
Baths
—
Stories
1
Lot width
46 ft.
Lot depth
95 ft.
Lot size
4,356 Sq. Ft.
Year renovated
1965
Sq. Ft.
1,056
Year built
1920
Style
Single Family Residential
County
Marion County
APN
491008126013000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D5
COMPACT
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
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
Nov 29, 2023 • Final
Right of way permit-excavation
Plumbing
Apr 29, 2003 • Active
Structural permit-1-2 family-alteration-remodel
Remodel
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
Parking
Parking Information
Garage SqFt: 0
Interior
Interior Sq. Ft. Information
Building Area Total: 1920
Living Area: 1056
Main Level Sq. Ft.: 1056
Upper Level Sq. Ft.: 0
Lower/Basement Level Sq. Ft (Finished): 0
Bedroom Information
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3
Bathroom Information
# of Full Baths (Total): 1
# of Full Baths (Main): 1
Full Baths MU: 1
Full Bathrooms MU: 1
Room 1 Information
Room Type: Living Room
Room Dimensions: 12x11
Room Level: Main
Room 2 Information
Room Type: Dining Room
Room Dimensions: 12x11
Room Level: Main
Room 3 Information
Room Type: Kitchen
Room Dimensions: 11x9
Room Level: Main
Room 4 Information
Room Dimensions: 15x11
Room Level: Main
Room 5 Information
Room Type: Bedroom 2
Room Dimensions: 10x10
Room Level: Main
Room 6 Information
Room Type: Bedroom 3
Room Dimensions: 12x10
Room Level: Main
Other Rooms Information
Rooms Upper: 0
Rooms Main: 6
Rooms Basement: 0
# of Rooms: 6
Basement Information
Has Basement
Basement Features: Unfinished
Heating & Cooling
Heating Information: Forced Air
Cooling Information: Window Unit(s)
Interior Features
Interior Features: Attic Access
Appliances: None
Exterior
Building Information
Percent Optional Level Finished: 0
Farm Information
Horse Amenities: None
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Land Information
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.1
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Public
Solid Waste Information: Yes
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: Leeds L16
Public facts
Beds: 3
Baths: —
Sq. Ft.: 1,056
Stories: 1.0
Lot Size: 4,356 square feet
Style: Single Family Residential
Year Built: 1920
Year Renovated: 1965
County: Marion County
APN: 491008126013000101
Home facts updated by county records on Jul 29, 2026
Other
Home Information
Foundation Details: Block
Construction Materials: Vinyl Siding
Levels: One
Around this home
Schools
Thomas D. Gregg School 15
Public PreK-5 • Assigned • 1.0mi
4/10
HW Longfellow Med/STEM Magnet Midl
Public 6-8 • Assigned • 1.1mi
5/10
Arsenal Technical High School
Public 9-12 • Assigned • 1.3mi
2/10
Provided by GreatSchools
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
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46201
Average low and high temperatures (°F)
32
18
42
26
61
40
68
48
72
54
83
66
87
72
83
66
81
61
70
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$130,000 – $158,000
Sell confidently with a local market expert in Indianapolis.