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481 S Somerset Avenue

Indianapolis, IN 46241

ActiveListed Aug 17, 2026 · 5 days on market

Key facts

Beds
2
Baths
1 full
Living area
720 sqft
Lot
0.17 acres
Year built
1948
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22119142
County
Marion
Subdivision
No Subdivision
Total building area
1,440 sqft

About this home

Step inside this cute 2 bedroom, 1 bathroom bungalow with a two-car detached garage in Wayne Township. It's ready for its new owner! Recent updates include luxury vinyl plank flooring throughout, all new appliances, storm doors and some updated fixtures. This cozy home has a Brand New Roof, and the Electrical Panel was updated 3 years ago. Enjoy the characteristics of this cozy home with arched doorways and original built-ins. Spread out in the full basement which has an interior drain tile system w/lifetime warranty. Step outside to a nice size wooden deck out front and a spacious backyard that has a fenced-in yard. Great space for all your family gatherings. Quick commute to downtown, Plainfield and the airport! Close to so many amenities. Whether it's Sport Complexes or parks, you have some many places to take adventures. Don't miss out on this adorable home, schedule your showing today.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDryerGas Water HeaterHumidifierMicrowaveElectric OvenRefrigeratorWasherWater HeaterWater Purifier
Interior features
Attic AccessBuilt-in FeaturesHi-Speed Internet AvailblEat-in Kitchen
Kitchen
Kitchen Some Updates
Basement
Unfinished
Laundry
In Basement
Windows
Vinyl Windows
Rooms
4
Main-level bedrooms
2

Exterior

Exterior features
Gutter GuardsFire Pit
Patio and porch
Porch
Construction
Vinyl Siding
Foundation
Block
Style
Ranch
Parking and garage
Detached
Fencing
FullGate
View
NeighborhoodTrees/Woods
Other equipment
DehumidifierSatellite Dish

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas AvailableNatural Gas Connected

Schools

School district
MSD Wayne Township

Taxes

Estimated annual tax
$1,426 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$954per month, estimated
Principal and interest $781Property tax $119Insurance $54
20% · $31,000
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.

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Listed at$155,000
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