601 Wallace Ave

1,576 Sq. Ft.
$100 / Sq. Ft.
1,576
Sq. Ft.
$100
per Sq. Ft.

Description

Finding a home this updated, in a location like this, at this price point? Rare. This move-in-ready townhome sits on one of Emerson Heights' most welcoming streets, just minutes from downtown, Irvington, and Ellenberger Park. Inside, you'll find an open layout with updated LVP flooring, a fully renovated kitchen, and a convenient half bath on the main floor. The top-of-the-line washer and dryer are also located on the main level for added ease. Upstairs are two comfortable bedrooms and a fully updated...Finding a home this updated, in a location like this, at this price point? Rare. This move-in-ready townhome sits on one of Emerson Heights' most welcoming streets, just minutes from downtown, Irvington, and Ellenberger Park. Inside, you'll find an open layout with updated LVP flooring, a fully renovated kitchen, and a convenient half bath on the main floor. The top-of-the-line washer and dryer are also located on the main level for added ease. Upstairs are two comfortable bedrooms and a fully updated bathroom with clean, modern finishes. Step outside and enjoy a covered front porch that's perfect for relaxing, plus a brand-new back deck (April 2025) that overlooks a spacious, privacy-fenced backyard-ideal for entertaining, pets, or a garden. Additional updates include a brand-new AC unit (April 2025) and custom window treatments throughout. Whether you're a first-time buyer, investor, or simply looking for a low-maintenance home in a well-loved neighborhood, this one delivers serious value.
  1. Listed by Michelle Romano-Moss • Keller Williams Indpls Metro N

Property Details for 601 Wallace Avenue

Architectural Style
Traditional
Subdivision Name
Emerson Heights
Township
Center
Waterfront
No
LISTING UPDATED: 08/01/2025 10:42 AM

Property Details for 601 Wallace Avenue

StatusClosed
MLS #22031356
Days on Market76
Taxes$224 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1915
Lot Size0.07 AC / 3,049 SF
CountyMarion County

Location

Listing Courtesy of Keller Williams Indpls Metro N

Sold By F.C. Tucker Company

Add your commute

Building Information for 601 Wallace Avenue

Stories-Year Built1915Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$804 per month

30 year fixed, 6.15% Interest

Principal and Interest

$766

Property Taxes

$37

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 601 Wallace Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 2927
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 491004101067001101
  • Semi Annual Property Tax Amt: 224
  • Tax Exemption: Homestead Tax Exemption
  • Tax Year: 2024
  • TaxLot: 49-10-04-101-067.001-10
School Information
  • Elementary School: Ralph Waldo Emerson School 58
  • High School: Arsenal Technical High School
  • School District: Indianapolis Public Schools
Parking
  • Garage YN: No
Property
Lot Information
  • Acreage: <1/4 Acre
  • Lot Description: Sidewalks
  • Lot Size Square Feet: 3200.0
  • Lot Size Acres: 0.07
  • Main Level SqFt: 640
  • New Construction: False
  • Living SqFt: 488.0
  • Sqft Total: 1128.0
  • Sq Ft Total: 1576.0
  • Year Built Numeric: 1915
  • Below Grade Finished Area: 0.0
  • Living Area Source: Plans
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
Utilities
  • Solid Waste: Yes
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • Pool Private: No
  • Horse Amenities: None
  • Fencing: Full
Interior Features
  • Accessibility Features: No
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Electric Oven, Refrigerator, Washer
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Dining Combo/Family Room
  • Fireplaces Total: 0
  • Heating: Electric, Forced Air, Natural Gas
  • Interior Features: Paddle Fan
  • Levels: Two
  • Kitchen Features: Kitchen Updated
  • Room List: Living Room, Dining Room, Kitchen, Primary Bedroom, Bedroom 2
  • Room and Features: Living Room-Main, Dining Room-Main, Kitchen-Main, Primary Bedroom-Upper, Bedroom 2-Upper
  • Spa: No
  • Main Level Bedrooms: 0
  • Laundry Features: Main Level
  • Num Bedrooms Upper: 2
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 5
  • Rooms Total MU: 5
  • Total Rooms: 5
Room 1
  • Room Level: Main
  • Room Dimensions: 16X13
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 13x12
  • Room Type: Dining Room
Room 3
  • Room Level: Main
  • Room Dimensions: 15x13
  • Room Type: Kitchen
Room 4
  • Room Level: Upper
  • Room Dimensions: 13x13
  • Room Type: Primary Bedroom
Room 5
  • Room Level: Upper
  • Room Dimensions: 13x10
  • Room Type: Bedroom 2
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Count: 2
  • Full Baths Basement: 0
  • Full Baths Main: 0
  • Full Baths MU: 1
  • Full Baths Upper: 1
  • Half Baths Basement: 0
  • Half Baths Main: 1
  • Half Baths MU: 1
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 2
  • Bedrooms MU: 2
  • Bedrooms Total: 2

Property History for 601 Wallace Avenue

DateEvent & SourcePriceAppreciation
Jul 31, 2025

Sold

MIBORMLS #22031356

$157,250—
Jul 30, 2025

Sold (Public Record)

Public Record #1911246570

$157,250

+6.6% / yr

Jul 3, 2025

Pending

MIBORMLS #22031356

—
May 21, 2025

Price Change

MIBORMLS #22031356

$158,000—
May 14, 2025

Price Change

MIBORMLS #22031356

$168,000—
Apr 10, 2025

Listed (Active)

MIBORMLS #22031356

$170,000—
Sep 16, 2024

Expired

MIBORMLS #21989505

—
Sep 16, 2024

Withdrawn

MIBORMLS #21989505

—
Sep 9, 2024

Temporarily Off Market

MIBORMLS #21989505

—
Aug 27, 2024

Price Change

MIBORMLS #21989505

$160,000—
Jul 18, 2024

Price Change

MIBORMLS #21989505

$179,900—
Jul 9, 2024

Listed (Active)

MIBORMLS #21989505

$190,000—
Jul 6, 2020

Sold (Public Record)

Public Record #673344585

$114,000—
DateEvent & SourcePrice
07/31/2025

Sold

MIBORMLS #22031356

$157,250
07/30/2025

Sold (Public Record)

Public Record #1911246570

$157,250

+6.6% / yr

07/03/2025

Pending

MIBORMLS #22031356

—
05/21/2025

Price Change

MIBORMLS #22031356

$158,000
05/14/2025

Price Change

MIBORMLS #22031356

$168,000
04/10/2025

Listed (Active)

MIBORMLS #22031356

$170,000
09/16/2024

Expired

MIBORMLS #21989505

—
09/16/2024

Withdrawn

MIBORMLS #21989505

—
09/09/2024

Temporarily Off Market

MIBORMLS #21989505

—
08/27/2024

Price Change

MIBORMLS #21989505

$160,000
07/18/2024

Price Change

MIBORMLS #21989505

$179,900
07/09/2024

Listed (Active)

MIBORMLS #21989505

$190,000
07/06/2020

Sold (Public Record)

Public Record #673344585

$114,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 601 Wallace Avenue

Taxable ValueLand$12,700Additions$111,800Total$124,500
Tax Record2024$1,309 ($109 / month)
Home Facts
Beds0Total Finished SqFt1,144 SqFtAbove Grade Finished SqFt1,144 SqFtLot Size3,200 SqFtStyleSingle Family ResidenceYear Built1915Year Renovated1965ZoningZO01CountyMARIONAPN49-10-04-101-067.001-101

Schools near 601 Wallace Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 6
Rating
School
Distance
Christian Park School 82
PublicPK to 6

William McKinley School 39
PublicPK to 6

Eleanor Skillen Elementary School 34
PublicPK to 6

Ralph Waldo Emerson School 58
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Indpls Metro N

Based on information submitted to the MLS GRID as of 08/01/2025 10:42 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.