Indianapolis — Top 5 Renovation Picks (Aug 11, 2025)

3919 Spann Ave, Indianapolis, IN 46203 — $60,000

  • Beds/Baths/Sqft: 2 bd / 1 ba / 864 sqft
  • Price per SqFt: $69
  • Lot size: 5,663 sqft
  • Year Built / Type: 1940 / Single Family Residential
  • Parking: Detached
  • Status / Last Sale: Listed (Active) / $60,000 Aug 4, 2025
  • Summary: This charming 2-bedroom home offers a solid foundation for renovation, with a manageable size and a low price point.
  • Renovation rationale:
    • Low price per sqft at $69, making it very affordable for a renovation project.
    • Older construction (1940) that typically allows for greater renovation potential and value increase.
    • Usable lot size of 5,663 sqft offers opportunities for expansion or outdoor improvements.
  • Why these metrics matter for renovation:
    • The low price per sqft significantly lowers the entry cost, allowing more budget for renovations. The older year built indicates potential for modern updates that can substantially increase the ARV (After Repair Value). The lot size provides flexibility for outdoor enhancements or extensions, which can attract higher resale values.
  • Recommended renovation ideas: Update the kitchen and bath, improve curb appeal with landscaping, and consider adding a deck or patio for outdoor living space.
  • View on Redfin

6830 Shoals Way, Indianapolis, IN 46237 — $358,000

  • Beds/Baths/Sqft: 4 bd / 2.5 ba / 2,492 sqft
  • Price per SqFt: $144
  • Lot size: 7,797 sqft
  • Year Built / Type: 2014 / Single Family Residential
  • Parking: Attached, Concrete, Garage Door Opener, Storage
  • Status / Last Sale: Listed (Active) / $358,000 Aug 7, 2025
  • Summary: This spacious 4-bedroom home features modern amenities and a flexible layout, ideal for family living and entertaining.
  • Renovation rationale:
    • Reasonable price per sqft at $144 for a relatively new construction, allowing for updates without excessive initial investment.
    • Generous lot size of 7,797 sqft offers potential for outdoor enhancements or extensions.
  • Why these metrics matter for renovation:
    • The reasonable price per sqft combined with the newer build year allows for a renovation approach that focuses on cosmetic updates rather than structural repairs. The lot size provides room for outdoor improvements that can enhance the property’s value.
  • Recommended renovation ideas: Modernize kitchen fixtures, enhance outdoor landscaping, and consider adding a deck or patio for increased outdoor enjoyment.
  • View on Redfin

6612 Muirfield Way, Indianapolis, IN 46237 — $230,000

  • Beds/Baths/Sqft: 3 bd / 1.5 ba / 1,836 sqft
  • Price per SqFt: $125
  • Lot size: 10,149 sqft
  • Year Built / Type: 1978 / Single Family Residential
  • Parking: Attached
  • Status / Last Sale: Listed (Active) / $230,000 Aug 9, 2025
  • Summary: This tri-level home offers a unique layout with plenty of space and a large backyard, perfect for customization.
  • Renovation rationale:
    • Low price per sqft at $125, providing an affordable entry point for renovation.
    • Ample lot size of 10,149 sqft allows for significant outdoor improvements or expansions.
  • Why these metrics matter for renovation:
    • The low price per sqft enables a more extensive renovation budget, while the lot size offers flexibility for outdoor additions or enhancements, which can significantly increase the property’s appeal and value.
  • Recommended renovation ideas: Update bathrooms, refresh the kitchen, and enhance outdoor spaces with landscaping or a patio.
  • View on Redfin

5938 N Alton Ave, Indianapolis, IN 46228 — $285,000

  • Beds/Baths/Sqft: 3 bd / 2 ba / 1,708 sqft
  • Price per SqFt: $167
  • Lot size: 14,810 sqft
  • Year Built / Type: 1962 / Single Family Residential
  • Parking: Attached
  • Status / Last Sale: Listed (Active) / $285,000 Aug 8, 2025
  • Summary: This all-brick ranch home features modern updates while maintaining the charm of its era, offering a balanced renovation opportunity.
  • Renovation rationale:
    • Moderate price per sqft at $167, providing a solid foundation for further improvements.
    • Large lot size of 14,810 sqft offers extensive outdoor renovation possibilities.
  • Why these metrics matter for renovation:
    • The moderate price per sqft suggests that the home is well-priced for its size, allowing for renovations that can maximize its value. The large lot size provides great potential for outdoor enhancements, which can attract families seeking outdoor space.
  • Recommended renovation ideas: Enhance landscaping, update kitchen and bathrooms, and consider outdoor living spaces like decks or patios.
  • View on Redfin

6935 Deerbrook Ct, Indianapolis, IN 46214 — $299,900

  • Beds/Baths/Sqft: 4 bd / 2.5 ba / 1,980 sqft
  • Price per SqFt: $151
  • Lot size: 10,019 sqft
  • Year Built / Type: 1991 / Single Family Residential
  • Parking: Attached
  • Status / Last Sale: Listed (Active) / $299,900 Aug 10, 2025
  • Summary: This spacious 4-bedroom home offers a solid structure and layout, ready for personal touches and updates.
  • Renovation rationale:
    • Affordable price per sqft at $151, providing room for renovation investments.
    • Good lot size of 10,019 sqft allows for outdoor improvements or expansions.
  • Why these metrics matter for renovation:
    • The affordable price per sqft means less initial investment, allowing for budget allocation towards renovations. The lot size provides room for outdoor enhancements, which can improve the home’s overall value and appeal.
  • Recommended renovation ideas: Update kitchen appliances and fixtures, refresh bathrooms, and consider outdoor landscaping or a deck.
  • View on Redfin

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Thank you boss, gonna share it with my friends there