231 E  Elbert St, Indianapolis, IN 46227
Property image
Property image
OFF MARKET

231 E Elbert St
Indianapolis, IN 46227

Southdale
  • 4 Beds
  • 3 Baths
  • 2,672 sqft (on 0.49 acres)

$328,700

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $2,026/mo*

$328,700

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $2,026/mo*
4 Beds
3 Baths
2,672 sqft
(on 0.49 acres)

Home Value

Trulia Estimate
$329K
Since last month
Decreased$3K (-0.9%)
Since last year
Increased$9K (+2.7%)
Since last sale
Increased$169K (+105.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +107% in the last 10 years
MonthEstimated value
2026
August 2026$329K
July 2026$331K
June 2026$333K
May 2026$332K
April 2026$326K
March 2026$324K
February 2026$319K
January 2026$310K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.11
Single-Family Home
$240,000
04/29/26
5
2
2,100
0.07
Single-Family Home
$254,000
06/03/26
3
2
1,340
0.34
Single-Family Home
$269,900
05/07/26
3
2
2,184
0.20
Single-Family Home
$198,000
06/08/26
3
1
2,100
0.72
Single-Family Home
$260,000
07/06/26
4
3
2,640
0.71
Single-Family Home
$307,500
07/31/26
4
2
3,164
0.29
Single-Family Home
$255,000
05/13/26
4
2.5
1,764
0.50
Single-Family Home
$299,900
12/26/25
3
2
2,287
0.82
Single-Family Home
$220,000
07/10/26
4
3
2,490
0.42
Single-Family Home
$235,000
12/22/25
3
1
2,580

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.07
$254,000
3
2
1,340
Recently Sold
0.07
$299,000
-
-
-
For Sale
0.09
$287,000
3
2
1,320
Off Market
0.09
$252,900
3
1
2,688
Off Market
0.11
$267,300
3
2
1,653
Off Market
0.11
$240,000
5
2
2,100
Recently Sold
0.15
$281,900
3
2
1,535
Off Market
0.12
$241,100
2
1
1,625
Off Market
0.15
$264,400
4
2
2,040
Off Market
0.15
$337,400
4
3
3,383
Off Market
0.18
$234,400
3
1
2,100
Off Market
0.18
$219,600
3
1
2,092
Off Market

Local Information

  • Map ViewExplore the area around 231 E Elbert St.
  • Schools3 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1992
Lot Size
0.49 acres
Living Area
2,672 sqft
Price/Sqft
$123
Parking
Garage

About this House

Exceptional custom ranch w/ finished basement on a ? acre lot! New carpet, fresh paint, updated lighting & more! Great Room features wood-burning fireplace, cathedral ceilings, new ceiling fan & freshly cleaned carpets! Large, eat-in kitchen has new faucet, lighting, flooring & all appliances stay! Finished basement includes 4th bedroom, family room, large office/bonus room & ? bath! Fully-fenced yard w/ plenty of mature trees! NEW ROOF! Extremely convenient location
231 E Elbert St, Indianapolis, IN 46227 is a 4 bedroom, 3 bathroom, 2,672 sqft single-family home in Southdale, built in 1992. It last sold for $159,900 on Mar 28, 2013. It is currently off market. The Trulia Estimate is $328,700, with a rent estimate of $2,413/month.

Home Details for 231 E Elbert St

Interior Features

Interior Details
BasementAtticNumber of Rooms: 9Types of Rooms: Family Room, Laundry Room
Levels, Entrance, & Accessibility
Stories: 1Floors: Carpet, Linoleum Vinyl
Appliances & Utilities
Dishwasher
Heating & Cooling
Air Conditioning
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: OtherExterior: Vinyl, BrickFoundation Type: Crawl Raised
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

Year Built
Year Built: 1992Year Updated: 1992
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 0.49 acres

Price and Tax history

DateEventPrice
Mar 28, 2013
Source: MIBOR as distributed by MLS GRID #21216114
Sold
$159,900
Feb 16, 2013
Source: Agent Provided
PriceChange
$159,900
Price decreased by 0%
Jan 23, 2013
Source: Agent Provided
PriceChange
$160,000
Price decreased by 1%
Dec 4, 2012
Source: Agent Provided
PriceChange
$161,000
Price decreased by 1%
Oct 10, 2012
Source: Agent Provided
PriceChange
$162,000
Price decreased by 0%

Market trends in Indianapolis

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$251K
$10K
MoM
Sale-to-List Price
99.6%
0.3%
MoM
Price per sq ft
$145
$3
MoM
Available listings
4043
154
MoM

Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Southdale

At least 44 Trulia users voted on each feature.
  • 95 % Say car is needed

  • 82 % Say it's dog friendly

  • 80 % Say parking is easy

  • 79 % Say yards are well-kept

  • 78 % Say there's holiday spirit

  • 74 % Say kids play outside

  • 57 % Say there are sidewalks

  • 53 % Say it's quiet

  • 53 % Say they plan to stay for at least 5 years

  • 52 % Say people would walk alone at night

  • 43 % Say there's wildlife

  • 42 % Say neighbors are friendly

  • 34 % Say streets are well-lit

  • 30 % Say it's walkable to grocery stores

  • 27 % Say it's walkable to restaurants

  • 19 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "we need more public transportation and convenience stores butis very neighborly great place to raise your family and the schools is top 3 in the state , shopping is very close and everything you need is in a 3 mile radius and the highway as well downtown Indy and college campus all within a 3 mile radius from the surrounding neighborhoods "
  • Rosario Y. E. A.
    "I like this area because is so quiet and safe we have neighborhood potlucks And movies night. And every Halloween houses are decorated "
  • Maria J.
    "I like to live here because is a nice place and quite and clean and it has holiday spirit in Christmas "
  • Maria J.
    "My neighborhood is a good place to live in it has holiday spirits and good schools and is close to stores "
  • Michael C.
    "Good place to live. Very quiet and pretty safe. Homes prices are on average and homes are newer builds."
  • Brittney W.
    "seems quiet and safe. looks nice and houses are taken care of. people take care of their yards and care about the community. "
  • Bwhitescarver09
    "I've lived in this area for a year and half.everyone here are kind and friendly. schools are close and playgrounds."
  • Gerald R.
    "It’s quiet,low violence minutes from shopping and right next to the highway. Needs more diversity , but other than that it’s cool. "

LGBTQ Local Legal Protections

Frequently asked questions about 231 E Elbert St

  • What is 231 E Elbert St estimated to be worth?
    Trulia's estimated value for 231 E Elbert St in Indianapolis, IN is $328,700.
  • What is the price history for 231 E Elbert St?
    231 E Elbert St in Indianapolis, IN last sold for $159,900 in March 2013.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $251K. That is up $10K from the prior month.
  • Does 231 E Elbert St have laundry facilities?
    Yes, 231 E Elbert St in Indianapolis, IN has laundry facilities.
  • How big is the lot at 231 E Elbert St?
    The lot at 231 E Elbert St in Indianapolis, IN is about 0.50 acres (21,780 sq ft).

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