RealtyLens
for saleRealtyLens property overview
$395,000

3140 W 48th St

Indianapolis, IN, 46228
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4Beds
2Baths
2,284Sqft
$173$/sqft

Listing Notes

Check out this gorgeous residence situated on a premier .51-acre wooded lot. This 4-bedroom, 2-bathroom home has undergone an extensive professional renovation, balancing its original architectural intent with contemporary luxury. The expansive open-concept floor plan is anchored by a chef's kitchen featuring custom cabinetry, quartz surfaces, and a high-end stainless steel appliance package. Key infrastructure upgrades include a new roof, high-efficiency HVAC system, updated electrical, and a modern horseshoe driveway. A rare combination of substantial square footage and turn-key convenience in a secluded, mature setting.

Market Insights

Near nearby median+3.0%

$173/sqft vs a nearby median of $168/sqft.

Nearby median$168/sqft
Nearby properties7
Property size2,284 sqft
  • +3.0% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 2,284 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$378k$340k$416k · 39% confidence
vs ask $395k+$17k (+4.3%)

Asking price is well-anchored to the comp picture (+4.3%). Negotiate on terms, not headline price.

$168/sqft median across 3 tight comps × 2,284 sqft= $384k
  • Mid-century building era−$6k −1.5%
Cumulative NYC adjustments−$6k−1.5%

Property Read

FreshnessHistorical market data

Treat this as historical market context until the listing data refreshes.

Market Position+3.0% vs nearby

The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
5 days
Last price change
No change recorded
Listed
May 7, 2026
Photos
31 photos
Property type
single family
Status
for sale
Last sold
Aug 26, 2024 · $385,000
Garage
2 spaces

Features & Amenities

Central AirDishwasherFireplaceForced AirHardwood FloorsBasementSingle StoryGarage 1 Or MoreGarage 2 Or MoreOpen Floor PlanFloor PlanWooded LandBig LotEfficientNew RoofChefs KitchenOpen Concept Floor PlanOpen Concept

Photos

Price History

May 8, 2026Initial record
$395,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.