1040 Tulip Drive
Indianapolis, IN, 46227 $ 295,000
Bedrooms3 Baths1.1 Sq 2,430 Monthly Estimate*
$ 2,037
for $295,000 with 3 bedrooms and 1 full bath, 1 half bath. This 2,430 square foot home was built in 1951 on a lot size of 0.82.
Experience the charm and character of the Homecroft Historic District in this beautifully maintained 3-bedroom, 1.5-bath brick ranch situated on a nearly 1-acre lot. Just minutes from downtown Indianapolis, this home offers a rare combination of historic neighborhood appeal, modern updates, and exceptional outdoor space. Inside, hardwood floors span the main level, complemented by updated bathrooms, abundant natural light, and stylish new light fixtures. The kitchen blends mid-century modern character with contemporary convenience, featuring white-painted cabinetry, stainless steel appliances, a farmhouse sink, sleek countertops, and a tile backsplash. Recent appliance upgrades include a new oven/range, dishwasher, and microwave. The full basement provides valuable additional living and flexible-use space, including an oversized recreation or playroom with luxury vinyl plank flooring, a wet bar rough-in, and a separate room ideal for a home office, workout room, or hobby space. The partially unfinished area offers dedicated laundry, storage, and workshop space. Additional updates and features include a new HVAC system, sump pump with battery backup, radon mitigation system, and garage door opener. Step outside to enjoy the privacy and tranquility of the expansive, fenced backyard, shaded by mature maple trees. The impressive 450 sqft paver patio, complemented by an extended stoop and illuminated stairway, creates an inviting setting for entertaining, outdoor dining, or relaxing. With nearly an acre of land, there is ample room for gardening, pets, recreation, and gatherings. Living in the Homecroft Historic District means enjoying a close-knit community with convenient access to Indianapolis amenities. With its timeless brick construction, thoughtful modern improvements, spacious basement, and exceptional outdoor setting, this Homecroft property offers a unique opportunity to enjoy historic charm with the comforts of modern living.
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FeaturesInteriorInterior Amenities Bath Sinks Double Main Built-in Features Paddle Fan
Basement Partially Finished Roughed In
Basement (Y/N) Y
Half Baths 1
Total Bedrooms 3
Below Grade Finished Area 607
Main Level Bedrooms 3
Total Baths 2
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GeneralHeating Gas
Cooling Central Air
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Negotiable
Appliances Dishwasher Disposal Gas Water Heater MicroHood Electric Oven Refrigerator
Garage Spaces 1
Patio/Porch Features Patio
Architectural Style Ranch Traditional
Construction Materials Brick
Year Built 1951
Township Perry
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Laura Templetons
Garage Y/N Y
Total Rooms 11
Full Baths 1
Status Pending
Directions GPS Friendly
High School Southport High School
City Indianapolis
High School District Perry Township Schools
MLS Area 4907 - Marion - Perry
Lot Size Square Feet 35700
Property Attached Y/N N
Current Financing Conventional FHA VA
Additional Parcels Y/N N
Virtual Tour https://www.zillow.com/view-imx/2a02c8ef-044f-42d3-b129-63c8cfa184e4?wl=true&setAttribution=mls&initialViewType=pano
Standard Status Pending
Tax Lot 9
Legal Description Laura Templetons 2nd Resub L9
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ExteriorFencing Full Privacy
Parking Features Attached
Lot Features Mature Trees
Water Source Public
Foundation Details Block
Spa N
Building Area Total 2430
Lot Size Acres 0.82
Other Equipment Radon System Smoke Alarm Sump Pump w/Backup
Horse Amenities None
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* Excluded FeaturesList ByIndiana Realty Pros, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $2,037
- Monthly Property Taxes
- $288
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Indianapolis, IN
Average List Price $314,995
Percent of Sale Price 7%
About Indianapolis, IN 843,184 Population
8% Since 2002
$ 43,160 Median Income
35.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4044910 Elementary School
4044906 Middle School
Southport High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/7/2026 | $295,000 | -1.67% | Price Down |
| 9/24/2026 | $300,000 | | Listed Price |