Key facts
- Beds
- 3
- Baths
- 1 full
- Living area
- 1,200 sqft
- Lot
- 0.12 acres
- Year built
- 2007
- Type
- Residential · Single Family Residence
- Stories
- One
- MLS #
- 22100519
- County
- Marion
- Subdivision
- Rainbow Ridge
About this home
Finding an affordable property with no HOA and a private yard right in the middle of everything is getting nearly impossible. If you are looking for a solid, functional home with location driven value, this 3-bedroom ranch is a rare opportunity you cannot afford to overlook. The value here is all about the lifestyle and the freedom. Situated right next to the iconic Indianapolis Motor Speedway, Coffin Golf Course, Riverside Park, and the Municipal Gardens Family Center, your future weekends are completely booked. Plus, with absolutely no HOA rules or fees, you have the total freedom to use your property exactly how you want. Pull up and relax on the large, classic covered front porch before stepping into an open, straightforward layout. The living room opens directly into a functional kitchen with a large eat-in area, making the space feel open yet connected. Down the hall, all three bedrooms share the central bathroom and a convenient utility room. The fully privacy fenced in backyard is complete with a handy storage shed/mini-barn for your tools. Even better, it features a large back gate that opens up to your private parking pad. It's the perfect setup for storing a work vehicle, a trailer, or just ensuring you always have secure, hassle-free parking. Let's be realistic: missing out on an affordable chance to get this close to the Speedway would be a massive mistake. Schedule your private, in-person tour today before someone else beats you to it! Photos have been virtually staged to show the home's potential.
Description provided by the listing brokerage.
Interior
- Appliances
- Interior features
- Other rooms and areas
- Laundry
- Rooms
- 6
- Main-level bedrooms
- 3
Exterior
- Exterior features
- Patio and porch
- Construction
- Foundation
- Style
- Parking and garage
- Fencing
Systems
- Heating
- Cooling
- Water
Lot and HOA
- Lot features
Schools
- High school
- George Washington High School
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $488 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2024
Estimate your monthly payment
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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