515 Central Ave, Lapel, IN 46051
OFF MARKET

$200,200

Trulia Estimate
  • 3 Beds
  • 1.5 Baths
  • 1,196 sqft

515 Central Ave, Lapel, IN 46051

Est. Refi. Payment $1,233/mo*
Refinance Your Home

Home Value

Trulia Estimate
$200K
Since last month
Increased$2K (+1.2%)
Since last year
Increased$12K (+6.4%)
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 +125% in the last 10 years
MonthEstimated value
2026
August 2026$200K
August 2026$200K
July 2026$198K
June 2026$203K
May 2026$199K
April 2026$197K
March 2026$194K
February 2026$189K
January 2026$185K
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
535 Central Ave, Lapel, IN
0.03
Single-Family Home
$210,000
05/08/26
3
2
1,234
333 S John St, Lapel, IN
0.18
Single-Family Home
$250,000
07/24/26
3
1.5
1,372
426 S Walnut St, Lapel, IN
0.06
Single-Family Home
$144,000
09/24/25
2
1
1,008
724 Central Ave, Lapel, IN
0.14
Single-Family Home
$190,000
09/29/25
2
2
1,388
502 Persimmon Pass, Lapel, IN
0.22
Single-Family Home
$315,500
03/18/26
3
2
1,653
1019 John St, Lapel, IN
0.32
Single-Family Home
$145,000
12/31/25
3
1
1,156
514 S Woodward St, Lapel, IN
0.16
Single-Family Home
$285,000
10/15/25
3
2
2,613
1036 N John St, Lapel, IN
0.35
Single-Family Home
$285,000
08/20/26
3
2
1,647
1215 N Woodward St, Lapel, IN
0.46
Single-Family Home
$230,000
06/05/26
3
2
1,212
108 W 5th St, Lapel, IN
0.32
Single-Family Home
$105,000
12/29/25
3
1
952

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
520 Walnut St, Lapel, IN 46051
0.04
$178,600
2
1.5
1,244
Off Market
535 Central Ave, Lapel, IN 46051
0.03
$210,000
3
2
1,234
Recently Sold
629 Central Ave, Lapel, IN 46051
0.09
$125,000
3
3
-
Recently Sold
426 S Walnut St, Lapel, IN 46051
0.06
$151,600
2
1
1,008
Off Market
520 John St, Lapel, IN 46051
0.10
$206,100
3
1
1,283
Off Market
514 John St, Lapel, IN 46051
0.10
$261,900
4
2
1,798
Off Market
320 E 7th St, Lapel, IN 46051
0.11
$149,400
2
2
-
Off Market
602 Persimmon Pass, Lapel, IN 46051
0.11
$317,500
3
2
1,500
Off Market
604 Tuscany Trl, Lapel, IN 46051
0.11
$370,700
3
2
1,801
Off Market
533 Tuscany Trl, Lapel, IN 46051
0.11
$300,200
3
2
1,563
Off Market
601 Tuscany Trl, Lapel, IN 46051
0.11
$318,500
3
2
1,611
Off Market
614 Tuscany Trl, Lapel, IN 46051
0.06
$366,800
3
2.5
1,963
Off Market

Local Information

  • Map ViewExplore the area around 515 Central Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1950
Living Area
1,196 sqft
Price/Sqft
$167
Parking
Garage

About this House

This single-family home is located at 515 Central Ave, Lapel, IN. 515 Central Ave is in Lapel, IN and in ZIP code 46051. This property has 3 bedrooms, 2 bathrooms and approximately 1,196 sqft of floor space. This property has a lot size of 8712 sqft and was built in 1950.
515 Central Ave, Lapel, IN 46051 is a 3 bedroom, 2 bathroom, 1,196 sqft single-family home built in 1950. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $200,200, with a rent estimate of $1,742/month.

Home Details for 515 Central Ave

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 5
Heating & Cooling
Air ConditioningCooling System: Central

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1950Year Updated: 2000
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 8712 sqft

Price and Tax history

YearProperty taxTax assessment
2025
$1,004
$118,400
Home facts updated by county records

Market trends in Lapel

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
19
4MoM

Around this home

What Locals Say about Lapel

At least 10 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 100 % Say it's dog friendly

  • 95 % Say it's walkable to restaurants

  • 95 % Say kids play outside

  • 88 % Say there's holiday spirit

  • 86 % Say people would walk alone at night

  • 71 % Say yards are well-kept

  • 70 % Say neighbors are friendly

  • 60 % Say streets are well-lit

  • 60 % Say it's quiet

  • 59 % Say car is needed

  • 56 % Say there are sidewalks

  • 47 % Say there are community events

  • 44 % Say there's wildlife

  • 44 % Say they plan to stay for at least 5 years

  • 25 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Hope Walker
    "Nothing that I can think of. The neighborhood is very dog friendly"
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  • Taylor B.
    "Lapel is a great place for dogs! There’s many different places to take them on walks and the speed limit is only 20 mph through most of town. Very pet friendly area! "
    0
    Flag
  • Taylor B.
    "It is a very friendly, safe neighborhood to ride bikes or go on walks. I’ve lived here for years and went to school here, it was a great place to grow up. "
    0
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  • Wila
    "The annual Village Fair which has town wide yard sales, a parade, & downtown Lapel is blocked off with food & craft vendors. Our Schools rank in the top schools in the state. Our sports teams are competitive for a small school. Neighbors help each other like family! Local churches host community events along with different local organizations for things like a fish fry or Fall Bazaar."
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  • Lorine n.
    "It is a small town, feel country-like but still close to many city conveniences (within 20-30 minutes). "
    0
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  • Lorine n.
    "I live here now. I have had friends that have lived here their entire lives and can’t imagine living anywhere else. "
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  • MD W.
    "I work here and know many people here. It's an amazing small town. For those of you who don't like traffic congestion and noice - this is THE PLACE to live in NE metro Indianapolis."
    0
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  • grimmy1972
    "Great schools, quiet and safe community, and friendly people. Short drive to Anderson, Noblesvile, Fishers and Indy."
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  • Sharon N. W. D.
    "I moved to the town of Lapel 24 yrs. ago and have enjoyed living here very much. I do regret that the community leaders have not pushed for more shopping or parking in the downtown. If an organization such as Main Street USA were brought in this could make such a difference towards addressing these needs. A progressive town board as well as other boards, is needed. Lapel sets in an ideal location as it did so many years ago when the railroad was brought through and the town was created---highway 37, 32 and 69 are our railroad crossing today."
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  • Sharon N. W. D.
    "Lapel is a very family oriented community. Everyone is friendly, a wave or hello is always being given. They allow golf carts for in- town commuting, and during the Village Fair that is the desired mode of transportation. They have a great marching band at both Jr. High and High School level and athletic departments at both. A great volunteer fire department, parks department and involved town board. They are building a park for various sports (smaller version of Westfield) as well as a dog park. They also have two existing parks, with a water park located in one. The town has a library (Anderson branch) which is very inviting for readers, if they don't have it they will get it. Lapel is a very safe place to live with neighbors watching out for each other. The only thing that is lacking within the town itself is places to shop but Noblesville, Fishers, and Anderson are just minutes away. I would highly recommend Lapel, In. to anyone who wants all the perks of living near to everything but low cost of living, and the quaintness of a small town."
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LGBTQ Local Legal Protections

Frequently asked questions about 515 Central Ave

  • What is 515 Central Ave estimated to be worth?
    Trulia's estimated value for 515 Central Ave in Lapel, IN is $200,200.
  • Is Lapel a buyer's or seller's market?
    Lapel is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Lapel?
    Residents describe Lapel, IN as easy to park in, dog-friendly, and walkable to restaurants. See recently sold homes in Lapel, IN.
  • What are the closest schools to 515 Central Ave?
    The closest schools to 515 Central Ave in Lapel, IN are Lapel Elementary School (Pre-K, rated 8/10), Lapel Middle School (rated 6/10), Lapel Sr High School (rated 9/10).
  • Does 515 Central Ave have air conditioning?
    Yes, 515 Central Ave in Lapel, IN has air conditioning.
  • How big is the lot at 515 Central Ave?
    The lot at 515 Central Ave in Lapel, IN is about 0.20 acres (8,712 sq ft).

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