Sheldon Barnes
For Sale — 1501 Spann Avenue, Indianapolis, IN 462031501 Spann Avenue
Indianapolis, Indiana 46203
Fountain Square
3
Beds
3
Baths
1,988
Sq Ft
2018
Year Built
0.07
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 1501 Spann Avenue in Fountain Square, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Fully updated 2018 build in the heart of Fountain Square - exceptional value under $400k Welcome to 1501 Spann Ave - a modern, move-in-ready home offering nearly 2,000 sq ft in one of Indianapolis' most sought-after neighborhoods. Built in 2018, this home combines the benefits of newer construction with thoughtful upgrades and a highly functional layout. The open-concept main level features a spacious kitchen, dining, and living area ideal for entertaining, along with abundant natural light and clean, modern finishes. Upstairs, you'll find three generously sized bedrooms, including a comfortable primary suite with a private bath. Situated on a desirable corner lot, the property offers added privacy, flexible parking options, and a fully usable outdoor space perfect for relaxing or hosting. Located just minutes from Fountain Square's restaurants, shops, and entertainment, this home delivers both lifestyle and value. Now priced aggressively to reflect current market conditions - a rare opportunity to own a newer home in this location at this price point.
Key things to know
- Open-concept main level
- Three generously sized bedrooms
- Primary suite with private bath
- Corner lot with flexible parking
- Smart thermostat
Monthly payment
Estimate · $399,900
$2,514/mo
≈ $2,128 principal & interest · $386 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $79,980 on a loan of $319,920.
Price history
- Price reduced$425,000 → $399,900
Apr 22, 2026
- Listedat $459,900
Jan 29, 2026
Fountain Square · activity
past 6 months
- Sold
- 7
- Median price
- $330,000
- Median DOM
- 14 days
Recent comparable sales
$380,000
605 Parkway Avenue
3bd · 2ba · 2,003 sqft
Sold May 2026
$482,000
962 Elm Street
3bd · 4ba · 2,047 sqft
Sold May 2026
$235,000
747 E McCarty Street
3bd · 2ba · 1,822 sqft
Sold May 2026
$335,000
1414 Leonard Street
4bd · 3ba · 2,113 sqft
Sold May 2026
$316,000
908 Dawson Street
3bd · 2ba · 1,594 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 19% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$459,900Listed· Jan 29, 2026
$399,900Reduced
↓ $60,000 (13.0% off original)
89 days on market
Layout
Primary suite
Closet Walk in
Primary bath
Shower Stall Full,Sinks Double
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis1.5 mi
- Monon Trail (Carmel)13.8 mi
- Carmel Central Park14.4 mi
- IU Health North Hospital14.4 mi
- Carmel High School14.5 mi
- Carmel Arts & Design District15.2 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,988 sq ft
Year Built
2018
Stories
Two
Subdivision
Fountain Square
Bedrooms
3
Bathrooms
2 full, 1 half
School District
Indianapolis Public Schools