Significantly updated mid-century modern stone ranch that retains its original provenance. A quality home with plenty of potential for someone downsizing, needing a pied-a-terre, or looking for a professional's starter home. This affordably priced home offers a remarkable value in a beautiful community of more expensive homes with generous-size lots. This is in an amenity-rich area very near the State Fair, Newfields, Children's Museum, and Monon Trail. Outside, relax in your privacy-fenced large backyard & deck under large shade trees. Many mature trees and flower beds make this home very picturesque. The house has awesome features: a comfortable floor plan, neutral colors, cozy, nurturing, good-condition hardwood floors throughout the living spaces, and lights in most closets. The updated kitchen has a white porcelain sink, handsome stained cabinets with glass doors, dishwasher, microwave, electric range/oven, and a door to the back deck. The Dining Room has a large built-in glass-door display cabinet. In the Living room, warm up by the wood-burning fireplace as you look out the big picture window. There are 3 nice bedrooms, with one currently being used as an office, and it has a door onto the back deck. The classically modern main bathroom is spectacular with large-format, white subway tiles, a tub/shower, and built-in stacked washer & dryer. The Utility Room has a recently installed gas furnace, water heater, plenty of storage, and a door to the recently pressure-washed back deck. The rare attached single-car garage is off the kitchen for easy unloading of groceries. Enjoy white vinyl thermopane windows throughout. Ideally suited for the buyer who wants to live well but without much effort in a fabulous Midtown location that is private, while closely accessible to culture, shopping, and fun venues. There are a buyer-friendly PDF PROSPECTUS with lots of info on the property and a 3-minute narrated video of the house.
Watson Road has been described as the best street in Indianapolis. About 5 blocks long, it serpentines just south of 38th St. Stone, MidCentury Revival ranch has been beautifully remodeled by this owner. New everything! Kitchen, Bath, AC, windows, roof, refinished hardwood floors. Spacious 1/3 acre w/privacy fenced backyard & deck. Ideally suited for buyer who wants to Live Well but lightly in a Midtown location that is private but closely accessible to culture and fun venues. MOTIVATED SELLER.
MIBOR as Distributed by MLS Grid #21107392
Aug 21, 2011
Listing Removed
—
Feb 21, 2011
Listed
$114,900
$84/sq ft
MIBOR as Distributed by MLS Grid #2357254
Apr 27, 2004
Listing Removed
—
Nov 3, 2003
Listed
$79,900
$58/sq ft
MIBOR as Distributed by MLS Grid #2356650
Apr 27, 2004
Listing Removed
—
Oct 29, 2003
Listed
$84,900
$62/sq ft
MIBOR as Distributed by MLS Grid #2402800
Jan 15, 2004
Listed
$79,000
$57/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,083 (−8.0%)
$37,600 + $147,400
$185,000
2024
$2,265 (+9.7%)
$37,600 + $146,300
$183,900
2023
$2,065 (+13.8%)
$37,600 + $146,300
$183,900
2022
$1,815 (+18.6%)
$37,600 + $131,300
$168,900
2021
$1,531 (+7.2%)
$10,100 + $117,300
$127,400
2020
$1,428 (+4.0%)
$10,100 + $117,300
$127,400
2019
$1,373 (+0.9%)
$10,100 + $110,100
$120,200
2018
$1,360 (+26.5%)
$10,100 + $106,200
$116,300
2017
$1,076 (+10.9%)
$10,100 + $96,400
$106,500
2016
$970 (−9.3%)
$10,100 + $96,400
$106,500
2015
$1,069 (+10.1%)
$10,100 + $93,300
$103,400
2014
$971 (+0.9%)
$10,100 + $95,900
$106,000
2013
$962
$10,100 + $92,700
$102,800
Public record
Public record
Zoning
Permits
Beds
3
Baths
—
Stories
1
Lot width
86 ft.
Lot depth
171 ft.
Lot size
0.34 Acres
Year renovated
1975
Finished Sq. Ft.
1,374
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,374
Year built
1955
Style
Single Family Residential
County
Marion County
APN
490624100063000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D4
COMPACT
TOD
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
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
Oct 17, 2023 • Final
Heating & cooling - 1-2 family
Remove and replace the furnace and air conditioning unit.
HVAC
Mar 19, 2023 • Final
Heating & cooling - 1-2 family
Remove and replace the furnace and air conditioning unit.
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.
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 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
71
83
65
82
59
71
49
54
40
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Indianapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3721 Watson Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $170,000 and $345,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $170K to $345K.