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1518 Spruce Street

Indianapolis, IN 46203

PendingListed May 6, 2026 · 143 days on market

Key facts

Beds
4
Baths
2 full · 1 half
Living area
2,274 sqft
Lot
0.13 acres
Year built
2026
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22096682
County
Marion
Subdivision
No Subdivision
New construction
Yes

About this home

Modern design and flexible living space come together at 1518 Spruce Street - a 4-bed/2.5-bath new construction masterpiece located just moments from the Pleasant Run Trail and Fountain Square. Thoughtfully crafted with over 2,200 sq. ft. of living space, this contemporary home offers the finishes, layout, and move-in-ready convenience today's buyers want. From the moment you arrive, the home immediately stands out with its covered front porch and second-story walk-out balcony that creates the perfect place to relax or entertain. Inside, the open-concept layout is filled with natural light from oversized windows and features durable LVP flooring throughout. The main floor is anchored by an expansive great room that flows seamlessly into the kitchen, which serves as the true centerpiece of the home. Granite countertops with a waterfall edge, warm tan cabinetry, and sleek black appliances including a gas range provide the perfect setup for everyday living or hosting guests. The modern color palette and clean finishes continue into the expansive first-floor primary suite, complete with a large walk-in closet, double vanity, and striking black tile that extends into the oversized shower. Upstairs, you'll find three additional bedrooms along with a versatile loft entertainment space that works perfectly as a second living area, office, or media room. Step outside to enjoy the large concrete patio and fully fenced backyard with wood privacy fencing - ideal for grilling, gathering with friends, or enjoying quiet evenings outdoors. A two-car garage off the alley adds storage and functionality, with additional dedicated parking space available. With its aesthetic, layout, and prime location, this home also presents an excellent opportunity as an Airbnb or short-term rental. To add even more value, the seller is offering a one-year home warranty. Experience this modern new construction home in person - schedule your showing today!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric Water HeaterDisposalGas OvenRange HoodRefrigerator
Interior features
Attic AccessBath Sinks Double MainBreakfast BarHigh CeilingsKitchen IslandPaddle FanEat-in KitchenPantrySmart ThermostatWalk-In Closet(s)
Kitchen
Kitchen Updated
Other rooms and areas
Family Room 2nd StoryUtility Room
Laundry
Connections AllLaundry Closet
Windows
ScreensVinyl Windows
Security
Smoke Detector(s)
Rooms
8
Main-level bedrooms
1
Condition
New Construction

Exterior

Exterior features
BalconyLighting
Patio and porch
CoveredDeckPatio
Construction
Wood Siding
Foundation
Block
Style
Contemporary
Parking and garage
Alley AccessDetachedGuestGarage Faces Rear
Fencing
Fence CompletePrivacyGateWrought Iron

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
AccessCity LotCurbsSidewalks

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$160 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,088per month, estimated
Principal and interest $1,940Property tax $13Insurance $135
20% · $76,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$384,900
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