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CondominiumResidential
$248,111$115 / 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 93How 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

1507 S ALABAMA ST

INDIANAPOLIS, IN 46225
0
Baths
2,160 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.
1893
Year BuiltThe year the home was originally built, according to county records.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$248K
$232K low$264K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,236 (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.$271,500 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$12,300
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$259,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$271,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$271,500

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.
0
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
80
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
87
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.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
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.1993
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
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

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

E
James A. Garfield School 31D+
Elementary · Grades KG–5 · 0.1 mi
H
Christel House Schools at Manual High School
High · Grades 9–12 · 0.9 mi
M
Christel House Academy SouthD
Middle · Grades KG–8 · 1.3 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46225These 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.145
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 100.36

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.82%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.24%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.21%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.8,296
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,975 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$55,273
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$68,150
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

1507 S Alabama St 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 82% of homes in Indianapolis 46225
  • Costs less per square foot than 80% of homes in Marion County
  • Bigger than 86% of homes in Indianapolis 46225
  • Among the oldest homes in Marion County

What homes are worth in Indianapolis 46225

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

This home
$86K$428K

This home is worth more than 82% of homes in Indianapolis 46225.

How it measures up in Indianapolis 46225

The dot is this home. The mark in the middle is the typical home in Indianapolis 46225.

Estimated value$248,111
CheaperTypical $164,178Pricier

Pricier than 82% of homes nearby

Price per ft²$115
CheaperTypical $134Pricier

Pricier than 32% of homes nearby

Living area2,160 ft²
SmallerTypical 1,342 ft²Bigger

Bigger than 86% of homes nearby

Year built1893
OlderTypical 1920Newer

Newer than 10% of homes nearby

How 1507 S Alabama St ranks against every home in each area.
MeasureThis homeIndianapolis 46225Marion County
Estimated valuepricier than$248,11182% of homes58% of homes
Price per ft²pricier than$11532% of homes20% of homes
Living areabigger than2,160 ft²86% of homes79% of homes
Year builtnewer than189310% of homesalmost no homes

About 1507 S Alabama St

How much is 1507 S Alabama St, Indianapolis, IN worth?

The TopHap Estimate for 1507 S Alabama St, Indianapolis, IN is $248,111 as of Sep 24, 2026. The likely range is $231,920 to $264,302. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1507 S Alabama St, Indianapolis, IN last sell?

1507 S Alabama St, Indianapolis, IN last sold on Jan 29, 2021, according to the county's recorded deed.

When was 1507 S Alabama St, Indianapolis, IN built?

1507 S Alabama St, Indianapolis, IN was built in 1893, making it 133 years old.

What schools serve 1507 S Alabama St, Indianapolis, IN?

1507 S Alabama St, Indianapolis, IN is assigned to James A. Garfield School 31 (elementary), rated D+; Christel House Schools at Manual High School (high); Christel House Academy South (middle), rated D. All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1507 S Alabama St, Indianapolis, IN compare to other homes in Indianapolis 46225?

Among the 3,088 homes in Indianapolis 46225, it is worth more than 82% of them ($248,111 against a typical $164,178), its price per square foot is higher than 32% of them ($115 against a typical $134), it is bigger than 86% of them (2,160 ft² against a typical 1,342 ft²) and it is newer than 10% of them (1893 against a typical 1920). Measured against all of Marion County, it is worth more than 58% 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 1507 S Alabama St, Indianapolis, IN?

The 2024 property tax bill for 1507 S Alabama St, Indianapolis, IN was $3,236. The county assessed it at $271,500.

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