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216 Trowbridge Street

Indianapolis, IN 46201

ActiveListed May 20, 2026 · 23 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,480 sqft
Lot
0.15 acres
Year built
2026
Type
Residential · Single Family Residence
Stories
One
MLS #
22102248
County
Marion
Subdivision
Sharpes Woodside
New construction
Yes

About this home

This is an affordable housing build developed by Southeast Neighborhood Development (SEND). Buyer's income must qualify under current HUD Income Limits. Property must be owner-occupied. INCOME RESTRICTIONS APPLY WITHOUT EXCEPTION! HUD HOME Program Income Limits - total combined household income of all members 18+ cannot exceed the following income thresholds: Household of 1: $62,000, Household of 2: $70,850, Household of 3: $79,700, Household of 4: $88,550, Household of 5: $95,650, Household of 6: $102,750. All buyers must apply at SEND (Southeast Neighborhood Development) and qualify before an offer will be accepted. Sale of home to buyer is contingent upon SEND's determination that buyer's household income is at or below the HUD required 80% AMI and housing cost does not account for more than 30% of total monthly income. SEND will require a recapture agreement for the portion of the development gap / subsidy amount utilized to ensure affordability.

Description provided by the listing brokerage.

Interior

Appliances
Electric Water HeaterElectric OvenRefrigerator
Laundry
In Unit
Windows
Vinyl Windows
Rooms
7
Main-level bedrooms
3

Exterior

Construction
Vinyl SidingWood Siding
Foundation
Slab
Style
Traditional

Systems

Heating
ElectricForced Air
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$204 / yearTwice the semi-annual installment the listing reports.
Tax year
2022

Estimate your monthly payment

$880per month, estimated
Principal and interest $807Property tax $17Insurance $56
20% · $32,000
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.

Talk to a lender we trust
Listing Office:
@properties
Listing Office Phone:
317-489-3441
Listed by
Firm
@properties
Firm phone
317-489-3441
MLS #
22102248
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Listed at$160,000
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