Active

$240,000

721 N Riley Ave, Indianapolis, IN 46201

2beds

1,972sqft

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Residential, Single Family Residence

Built in 1925

6,098 Square Feet Lot

$241,700 Zestimate^®

$122/sqft

$-- HOA

What's special

Waterproofed basementPerfect oasis for entertainingTwo bedroomsInviting first floorOverlooking the esplanadeMud roomNew pella windows

Emerson Heights! Gorgeous bungalow loaded with original charm overlooking the esplanade. The inviting first floor includes an updated kitchen, updated full bath, two bedrooms, and living and dining rooms. Original hardwood floors & built-ins in the dining room and kitchen! Upstairs you'll find a fully finished, gigantic bonus room that the previous owner used as an art studio. Turn it into a primary suite, playroom, office, etc. From the mud room, continue to the backyard featuring low maintenance landscaping and a 100 year old, just trimmed, Pin Oak tree with loads of native pollinators blooming all season long. Perfect oasis for entertaining and fully fenced backyard for privacy with a newer 2 car garage. Waterproofed basement. 2 year old roof. New Pella windows.

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2

Primary bedroom

Level: Main
Area: 156 Square Feet
Dimensions: 13x12

Bedroom 2

Level: Main
Area: 143 Square Feet
Dimensions: 13x11

Bonus room

Level: Upper
Area: 532 Square Feet
Dimensions: 14x38

Dining room

Level: Main
Area: 196 Square Feet
Dimensions: 14x14

Kitchen

Level: Main
Area: 130 Square Feet
Dimensions: 13x10

Laundry

Features: Other
Level: Basement
Area: 66 Square Feet
Dimensions: 11x6

Living room

Level: Main
Area: 195 Square Feet
Dimensions: 15x13

Mud room

Level: Main
Area: 40 Square Feet
Dimensions: 8x5

Heating

Forced Air, Natural Gas

Cooling

Central Air, Wall Unit(s)

Appliances

Included: Dishwasher, Dryer, Disposal, Gas Water Heater, Gas Oven, Refrigerator, Washer
Laundry: In Basement

Features

Built-in Features, Hardwood Floors, High Speed Internet, Smart Thermostat
Flooring: Hardwood
Has basement: Yes

Interior area

Total structure area: 1,972
Total interior livable area: 1,972 sqft
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2

Features

Levels: Two
Stories: 2

Lot

Size: 6,098 Square Feet
Features: Curbs, Sidewalks, Street Lights, Mature Trees

Details

Parcel number: 491004107027000101
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Craftsman
Property subtype: Residential, Single Family Residence

Materials

Aluminum Siding, Cement Siding, Block
Foundation: Concrete Perimeter, Block

Condition

New construction: No
Year built: 1925

Utilities & green energy

Water: Public

Community & HOA

Community

Security: Security Fence
Subdivision: Emerson Heights

HOA

Has HOA: No

Location

Region: Indianapolis

Financial & listing details

Price per square foot: $122/sqft
Tax assessed value: $240,500
Annual tax amount: $2,604
Date on market: 6/9/2026
Cumulative days on market: 4 days

Estimated market value

$241,700

$227,000 - $256,000

$1,318/mo

Price history

Date	Event	Price
6/9/2026	Listed for sale	$240,000+20%$122/sqft
Source: MIBOR as distributed by MLS GRID #22107003 Report a problem
7/10/2020	Sold	$200,000+5.3%$101/sqft
Source: MIBOR as distributed by MLS GRID #21716459 Report a problem
6/8/2020	Pending sale	$190,000$96/sqft
Source: MIBOR REALTOR Association #21716459 Report a problem
6/6/2020	Listed for sale	$190,000+22.6%$96/sqft
Source: MIBOR REALTOR Association #21716459 Report a problem
8/4/2017	Sold	$155,000$79/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,605 +0.9%	$240,500 +9.2%
2024	$2,580 -2.9%	$220,300 +0.3%
2023	$2,658 +25.5%	$219,700 -2.2%
2022	$2,118 +19.2%	$224,700 +21.6%
2021	$1,777 +7.7%	$184,800 +18.5%
2020	$1,650 +10.8%	$155,900 +9.6%
2019	$1,489 +290%	$142,200 +10.9%
2018	$382 +1.3%	$128,200 +106.4%
2017	$377 +15.1%	$62,100 +7.8%
2016	$328 -2%	$57,600 +0.5%
2014	$334 -20%	$57,300 -2.1%
2013	$418	$58,500 -4.9%
2012	$418	$61,500 +5.3%
2011	--	$58,400
2010	$365 +11.4%	$58,400
2009	$328	$58,400 -11.5%
2007	--	$66,000 +37.8%
2006	--	$47,900 +6.7%
2005	--	$44,900
2004	--	$44,900
2003	--	$44,900 +227.7%
2002	--	$13,700 +185.4%
2001	--	$4,800
2000	--	$4,800

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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