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Single Family ResidenceResidential
$216,864$220 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

1401 WALLACE AVE

INDIANAPOLIS, IN 46201
3
Beds
0
Baths
987 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.15 ac
Lot SizeThe size of the land the home sits on, from county records.
1942
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$217K
$200K low$233K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,539 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$107,000 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$26,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$80,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$107,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$107,000

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.42
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
78
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
89
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
42
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMarion
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1971
Lot (acres)The size of the land the home sits on, from county records.0.15
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Anna Brochhausen School 88F
Elementary · Grades KG–5 · 1.1 mi
H
Purdue Polytechnic High School Englewood
High · Grades 9–12 · 1.7 mi
M
H. L. Harshman Middle SchoolC+
Middle · Grades 6–8 · 2.4 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46201These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.157
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.106
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.35

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.83%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.25%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.30,849
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,535 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$46,392
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$60,958
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1401 Wallace Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 78% of homes in Indianapolis 46201
  • Costs more per square foot than 95% of homes in Indianapolis 46201
  • Smaller than 85% of homes in Marion County
  • Has a bigger lot than 83% of homes in Indianapolis 46201
  • Newer than 80% of homes in Indianapolis 46201

What homes are worth in Indianapolis 46201

Each bar is how many homes fall in that price range. The marker is this home.

This home
$70K$438K

This home is worth more than 78% of homes in Indianapolis 46201.

How it measures up in Indianapolis 46201

The dot is this home. The mark in the middle is the typical home in Indianapolis 46201.

Estimated value$216,864
CheaperTypical $159,173Pricier

Pricier than 78% of homes nearby

Price per ft²$220
CheaperTypical $128Pricier

Pricier than 95% of homes nearby

Living area987 ft²
SmallerTypical 1,232 ft²Bigger

Bigger than 27% of homes nearby

Lot size0.15 ac
SmallerTypical 0.12 acBigger

Bigger than 83% of homes nearby

Year built1942
OlderTypical 1920Newer

Newer than 80% of homes nearby

How 1401 Wallace Ave ranks against every home in each area.
MeasureThis homeIndianapolis 46201Marion County
Estimated valuepricier than$216,86478% of homes44% of homes
Price per ft²pricier than$22095% of homes92% of homes
Living areabigger than987 ft²27% of homes15% of homes
Lot sizebigger than0.15 ac83% of homes33% of homes
Year builtnewer than194280% of homes25% of homes

About 1401 Wallace Ave

How much is 1401 Wallace Ave, Indianapolis, IN worth?

The TopHap Estimate for 1401 Wallace Ave, Indianapolis, IN is $216,864 as of Sep 24, 2026. The likely range is $200,473 to $233,255. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 1401 Wallace Ave, Indianapolis, IN?

1401 Wallace Ave, Indianapolis, IN has 3 bedrooms, 987 square feet of living space and a 0.15-acre lot.

When was 1401 Wallace Ave, Indianapolis, IN built?

1401 Wallace Ave, Indianapolis, IN was built in 1942, making it 84 years old. The building has 1 story.

What schools serve 1401 Wallace Ave, Indianapolis, IN?

1401 Wallace Ave, Indianapolis, IN is assigned to Anna Brochhausen School 88 (elementary), rated F; Purdue Polytechnic High School Englewood (high); H. L. Harshman Middle School (middle), rated C+. All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1401 Wallace Ave, Indianapolis, IN compare to other homes in Indianapolis 46201?

Among the 13,813 homes in Indianapolis 46201, it is worth more than 78% of them ($216,864 against a typical $159,173), its price per square foot is higher than 95% of them ($220 against a typical $128), it is bigger than 27% of them (987 ft² against a typical 1,232 ft²), its lot is bigger than 83% of them (0.15 ac against a typical 0.12 ac) and it is newer than 80% of them (1942 against a typical 1920). Measured against all of Marion County, it is worth more than 44% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1401 Wallace Ave, Indianapolis, IN?

The 2024 property tax bill for 1401 Wallace Ave, Indianapolis, IN was $2,539. The county assessed it at $107,000.

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