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1040 Tulip Drive

Indianapolis, IN 46227

PendingListed Sep 24, 2026 · 18 days on market

Key facts

Beds
3
Baths
1 full · 1 half
Living area
1,822 sqft
Lot
0.82 acres
Year built
1951
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22127953
County
Marion
Subdivision
Laura Templetons
Total building area
2,430 sqft

About this home

Experience the charm and character of the Homecroft Historic District in this beautifully maintained 3-bedroom, 1.5-bath brick ranch situated on a nearly 1-acre lot. Just minutes from downtown Indianapolis, this home offers a rare combination of historic neighborhood appeal, modern updates, and exceptional outdoor space. Inside, hardwood floors span the main level, complemented by updated bathrooms, abundant natural light, and stylish new light fixtures. The kitchen blends mid-century modern character with contemporary convenience, featuring white-painted cabinetry, stainless steel appliances, a farmhouse sink, sleek countertops, and a tile backsplash. Recent appliance upgrades include a new oven/range, dishwasher, and microwave. The full basement provides valuable additional living and flexible-use space, including an oversized recreation or playroom with luxury vinyl plank flooring, a wet bar rough-in, and a separate room ideal for a home office, workout room, or hobby space. The partially unfinished area offers dedicated laundry, storage, and workshop space. Additional updates and features include a new HVAC system, sump pump with battery backup, radon mitigation system, and garage door opener. Step outside to enjoy the privacy and tranquility of the expansive, fenced backyard, shaded by mature maple trees. The impressive 450 sqft paver patio, complemented by an extended stoop and illuminated stairway, creates an inviting setting for entertaining, outdoor dining, or relaxing. With nearly an acre of land, there is ample room for gardening, pets, recreation, and gatherings. Living in the Homecroft Historic District means enjoying a close-knit community with convenient access to Indianapolis amenities. With its timeless brick construction, thoughtful modern improvements, spacious basement, and exceptional outdoor setting, this Homecroft property offers a unique opportunity to enjoy historic charm with the comforts of modern living.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDisposalGas Water HeaterMicroHoodElectric OvenRefrigerator
Interior features
Bath Sinks Double MainBuilt-in FeaturesPaddle Fan
Kitchen
Kitchen Updated
Basement
Partially FinishedRoughed In
Windows
Vinyl Windows
Rooms
11
Main-level bedrooms
3

Exterior

Patio and porch
Patio
Construction
Brick
Foundation
Block
Style
RanchTraditional
Parking and garage
Attached
Fencing
FullPrivacy
Other equipment
Radon SystemSmoke AlarmSump Pump w/Backup

Systems

Heating
Natural Gas
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
Mature Trees

Schools

High school
Southport High School
School district
Perry Township Schools

Taxes

Estimated annual tax
$3,460 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,879per month, estimated
Principal and interest $1,487Property tax $288Insurance $103
20% · $59,000
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$295,000
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