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Single Family ResidenceResidential
$137,626$128 / 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 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026
Last sold for $96,584 on Apr 5, 2012

3947 WALLACE AVE

INDIANAPOLIS, IN 46226
3
Beds
0
Baths
1,074 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.
0.47 ac
Lot SizeThe size of the land the home sits on, from county records.
1954
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
8
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

$138K
$121K low$155K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$96,584 · Apr 5, 2012

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,359 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$131,300 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$13,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$117,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$112,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$131,300

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.1960
Lot (acres)The size of the land the home sits on, from county records.0.47
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.No Foundation
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
ViewThe type of view from the property, or another feature of the site that affects value.Extra Front

Transaction History(6)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(2)

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

M
Avondale Meadows Middle SchoolD
Middle · Grades 6–8 · 1.3 mi
E
Robert Lee Frost School 106F
Elementary · Grades KG–5 · 1.7 mi
H
KIPP Indy Legacy High School
High · Grades 9–12 · 3.1 mi

District: Knowledge is Power Program Indy Legacy High

Neighborhood · ZIP 46226These 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.124
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.107
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.31

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.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.14%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.19%
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.43,792
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,210 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$47,427
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$61,159
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.41 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

3947 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 less than 83% of homes in Marion County
  • Costs more per square foot than 85% of homes in Forest Manor
  • Smaller than 79% of homes in Marion County
  • Has a bigger lot than 93% of homes in Forest Manor
  • Newer than 86% of homes in Forest Manor

What homes are worth in Indianapolis 46226

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

This home
$89K$542K

This home is worth more than 31% of homes in Indianapolis 46226.

How it measures up in Indianapolis 46226

The dot is this home. The mark in the middle is the typical home in Indianapolis 46226.

Estimated value$137,626
CheaperTypical $155,126Pricier

Pricier than 31% of homes nearby

Price per ft²$128
CheaperTypical $126Pricier

Pricier than 53% of homes nearby

Living area1,074 ft²
SmallerTypical 1,297 ft²Bigger

Bigger than 28% of homes nearby

Lot size0.47 ac
SmallerTypical 0.21 acBigger

Bigger than 86% of homes nearby

Year built1954
OlderTypical 1957Newer

Newer than 31% of homes nearby

How 3947 Wallace Ave ranks against every home in each area.
MeasureThis homeForest ManorIndianapolis 46226Marion County
Estimated valuepricier than$137,62669% of homes31% of homes17% of homes
Price per ft²pricier than$12885% of homes53% of homes30% of homes
Living areabigger than1,074 ft²38% of homes28% of homes21% of homes
Lot sizebigger than0.47 ac93% of homes86% of homes86% of homes
Year builtnewer than195486% of homes31% of homes36% of homes

About 3947 Wallace Ave

How much is 3947 Wallace Ave, Indianapolis, IN worth?

The TopHap Estimate for 3947 Wallace Ave, Indianapolis, IN is $137,626 as of Oct 21, 2026. The likely range is $120,603 to $154,649. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3947 Wallace Ave, Indianapolis, IN last sell?

3947 Wallace Ave, Indianapolis, IN last sold on Apr 5, 2012 for $96,584, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 3947 Wallace Ave, Indianapolis, IN?

3947 Wallace Ave, Indianapolis, IN has 3 bedrooms, 1,074 square feet of living space and a 0.47-acre lot.

When was 3947 Wallace Ave, Indianapolis, IN built?

3947 Wallace Ave, Indianapolis, IN was built in 1954, making it 72 years old. The building has 1 story.

What schools serve 3947 Wallace Ave, Indianapolis, IN?

3947 Wallace Ave, Indianapolis, IN is assigned to Avondale Meadows Middle School (middle), rated D; Robert Lee Frost School 106 (elementary), rated F; KIPP Indy Legacy High School (high). All sit in Knowledge is Power Program Indy Legacy High. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3947 Wallace Ave, Indianapolis, IN compare to other homes in Indianapolis 46226?

Among the 14,549 homes in Indianapolis 46226, it is worth more than 31% of them ($137,626 against a typical $155,126), its price per square foot is higher than 53% of them ($128 against a typical $126), it is bigger than 28% of them (1,074 ft² against a typical 1,297 ft²), its lot is bigger than 86% of them (0.47 ac against a typical 0.21 ac) and it is newer than 31% of them (1954 against a typical 1957). Measured against all of Marion County, it is worth more than 17% 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 3947 Wallace Ave, Indianapolis, IN?

The 2025 property tax bill for 3947 Wallace Ave, Indianapolis, IN was $1,359. The county assessed it at $131,300.

More homes on Wallace Ave

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