This incredible .41 of an acre lot has a beautiful park-like setting and features a rare opportunity to design a two-level walk-out home. The wonderful slope of the lot would allow the walkout to be on the front of the house (facing Watson Road) giving it a 2-story front. There could also be a nice enclosed courtyard on the upper level with the garage on the north side, house on the east side, additional bedrooms on the south side. and finally a wall (similar to the stone wall of the home at 3502 Watson Rd.) on the west side. The lot has an existing driveway cut and driveway up to where the garage would be located (shared driveway). It already has an easy sewer tap on the lot (so no additional cost to connect to the street sewer). Restrictions apply for the type of home that can be built, site regulations, landscaping, shared driveway maintenance, and pet and animal restrictions.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
298 ft.
Lot depth
186 ft.
Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Marion County
APN
490624100093000101
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 9, 2026.
D3
COMPACT
Dwelling District Three
The D-3 District provides for low or medium intensity residential development. Land in this District should have good thoroughfare access, be relatively flat in topography, and be afforded pedestrian linkages to community and neighborhood services and facilities (schools, parks, shopping areas, etc.). Recreational facilities developed for the neighborhood complement the treed yards on the individual lots. Predominantly single-family detached dwellings are envisioned with two-family dwellings on corner lots in this District. The D-3 District has a typical density of 2.6 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 considerations, 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
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
0% 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 • 46205
Average low and high temperatures (°F)
32
18
42
27
60
40
68
49
71
54
83
67
88
72
84
66
82
60
71
49
54
40
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.2 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3500 Watson Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $237,000 and $496,110.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $237K to $496K.