Sheldon Barnes
For Sale — 1724 N Tibbs Avenue, Indianapolis, IN 462221724 N Tibbs Avenue
Indianapolis, Indiana 46222
Rainbow Ridge
3
Beds
1
Baths
1,056
Sq Ft
1955
Year Built
0.22
Acres
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ABOUT THIS HOME
Welcome to this charming and move-in-ready 3-bedroom bungalow in the Rainbow Ridge neighborhood, offering warm and inviting living spaces throughout and making it a great opportunity for first-time homebuyers or investors. The spacious living room features a cozy wood-burning fireplace, while the kitchen and dining area provide a functional layout ideal for everyday living. All three bedrooms offer practical space to fit a variety of needs. Outside, enjoy a fully fenced backyard and a 2-car detached garage. With an unfinished basement for extra storage, low taxes, and a convenient Indianapolis location near schools, parks, and major roadways, this home delivers comfort, value, and everyday convenience-ready for its next owner.
Key things to know
- Wood-burning fireplace in living room
- Fully fenced backyard
- 2-car detached garage
- Unfinished basement for storage
- Eat-in kitchen
Monthly payment
Estimate · $164,900
$996/mo
≈ $878 principal & interest · $118 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $32,980 on a loan of $131,920.
Price history
- Price reduced$169,900 → $164,900
Apr 9, 2026
- Listedat $169,900
Dec 7, 2025
Rainbow Ridge · activity
past 6 months
- Sold
- 14
- Median price
- $66,500
- Median DOM
- 44 days
Recent comparable sales
$73,400
328 S Addison Street
2bd · 1ba · 864 sqft
Sold May 2026
$102,000
1059 N Elder Avenue
2bd · 1ba · 1,008 sqft
Sold May 2026
$195,100
1909 N Goodlet Avenue
4bd · 2ba · 1,176 sqft
Sold May 2026
$178,900
4047 Arcadia Street
3bd · 1ba · 972 sqft
Sold May 2026
$85,000
2609 Jackson Street
3bd · 1ba · 1,201 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 62% 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
$169,900Listed· Dec 7, 2025
$164,900Reduced
↓ $5,000 (2.9% off original)
104 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis3.5 mi
- Zionsville Community HS12.0 mi
- Carmel Central Park12.4 mi
- Monon Trail (Carmel)12.7 mi
- Carmel High School13.3 mi
- Carmel Arts & Design District13.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,056 sq ft
Year Built
1955
Stories
One
Subdivision
Rainbow Ridge
Bedrooms
3
Bathrooms
1 full
Garage
2 spaces
School District
Indianapolis Public Schools