507 S Cole St

1,200 Sq. Ft.
$142 / Sq. Ft.
1,200
Sq. Ft.
$142
per Sq. Ft.

Description

Discover timeless charm at 507 S Cole St. This thoughtfully designed single-level home offers inviting living space, highlighted by an expansive living room that flows seamlessly into the dining area. The generous kitchen, complete with a breakfast bar, creates a warm and welcoming heart of the home. Step outside to a nicely sized lot featuring a detached 2-car garage, ideal for storage or workshop use. Nestled within the established Wayne Park community of Wayne Township, this residence provides...Discover timeless charm at 507 S Cole St. This thoughtfully designed single-level home offers inviting living space, highlighted by an expansive living room that flows seamlessly into the dining area. The generous kitchen, complete with a breakfast bar, creates a warm and welcoming heart of the home. Step outside to a nicely sized lot featuring a detached 2-car garage, ideal for storage or workshop use. Nestled within the established Wayne Park community of Wayne Township, this residence provides a peaceful suburban atmosphere while maintaining close proximity to parks, local schools, and Indianapolis conveniences. A wonderful blend of comfort, character, and location
  1. Listed by Marco Vasquez • CAVA Realty Group

Property Details for 507 South Cole Street

Architectural Style
Traditional
Subdivision Name
Wayne Park
Township
Wayne
LISTING UPDATED: 01/05/2026 09:22 PM

Property Details for 507 South Cole Street

StatusActive
MLS #22068037
Days on Market108
Taxes$620 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1930
Lot Size0.12 AC / 5,227 SF
CountyMarion County

Location

Listing Courtesy of CAVA Realty Group
Add your commute

Building Information for 507 South Cole Street

Stories-Year Built1930Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$931 per month

30 year fixed, 6.15% Interest

Principal and Interest

$828

Property Taxes

$103

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 507 South Cole Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46241
  • Postal Code Plus4: 0713
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 491107103234000930
  • Semi Annual Property Tax Amt: 620
  • Tax Exemption: Homestead Tax Exemption
  • Tax Year: 2024
  • TaxLot: 235
School Information
  • School District: MSD Wayne Township
Parking
  • Garage YN: Yes
  • Garage Spaces: 2.0
  • Garage SqFt: 576
Property
Lot Information
  • Acreage: <1/4 Acre
  • Lot Size Square Feet: 5358.0
  • Lot Size Acres: 0.12
  • Main Level SqFt: 1200
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 1200.0
  • Sq Ft Total: 1200.0
  • Year Built Numeric: 1930
  • Living Area Source: Builder
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
  • Legal Subdivision: Wayne Park L235
  • Photos Count: 10
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
Utilities
  • Solid Waste: No
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Crawl Space
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Electric Oven
  • Basement YN: No
  • Cooling: Central Air
  • Eating Area: Dining Combo/Family Room
  • Heating: Electric
  • Interior Features: Breakfast Bar
  • Levels: One
  • Room List: Living Room, Dining Room, Kitchen, Laundry, Primary Bedroom, Bedroom 2, Bedroom 3
  • Room and Features: Living Room-Main, Dining Room-Main, Kitchen-Main, Laundry-Main, Primary Bedroom-Main, Bedroom 2-Main, Bedroom 3-Main
  • Main Level Bedrooms: 3
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 6
  • Rooms Total MU: 6
  • Total Rooms: 6
Room 1
  • Room Level: Main
  • Room Dimensions: 12X23
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 11X15
  • Room Type: Dining Room
Room 3
  • Room Level: Main
  • Room Dimensions: 11X15
  • Room Type: Kitchen
Room 4
  • Room Level: Main
  • Room Dimensions: 10X11
  • Room Type: Laundry
Room 5
  • Room Level: Main
  • Room Dimensions: 12X12
  • Room Type: Primary Bedroom
Room 6
  • Room Level: Main
  • Room Dimensions: 11X11
  • Room Type: Bedroom 2
Room 7
  • Room Level: Main
  • Room Dimensions: 09X12
  • Room Type: Bedroom 3
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Count: 1
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 1
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 3
  • Bedrooms MU: 3
  • Bedrooms Total: 3

Property History for 507 South Cole Street

DateEvent & SourcePriceAppreciation
Jan 5, 2026

Price Change

MIBORMLS #22068037

$169,900—
Dec 1, 2025

Price Change

MIBORMLS #22068037

$185,900—
Nov 13, 2025

Price Change

MIBORMLS #22068037

$189,000—
Oct 13, 2025

Listed (Active)

MIBORMLS #22068037

$199,000—
Mar 1, 2021

Sold

MIBORMLS #21756228

$87,000—
Dec 29, 2020

Pending

MIBORMLS #21756228

—
Dec 6, 2020

Listed (Active)

MIBORMLS #21756228

$87,900—
May 2, 2013

Sold (Public Record)

Public Record #365902001

$26,000—
May 2, 2013

Sold

MIBORMLS #21222478

$26,000—
Apr 1, 2013

Pending

MIBORMLS #21222478

—
Mar 25, 2013

Listed (Active)

MIBORMLS #21222478

$69,900—
Jan 30, 2002

Sold

MIBORMLS #2151276

$62,000—
Dec 27, 2001

Pending

MIBORMLS #2151276

—
Nov 9, 2001

Listed (Active)

MIBORMLS #2151276

$64,900—
Oct 3, 2001

Expired

MIBORMLS #2115441

—
Apr 3, 2001

Listed (Active)

MIBORMLS #2115441

$69,900—
Feb 6, 2000

Expired

MIBORMLS #9929288

—
Aug 6, 1999

Listed (Active)

MIBORMLS #9929288

$69,900—
DateEvent & SourcePrice
01/05/2026

Price Change

MIBORMLS #22068037

$169,900
12/01/2025

Price Change

MIBORMLS #22068037

$185,900
11/13/2025

Price Change

MIBORMLS #22068037

$189,000
10/13/2025

Listed (Active)

MIBORMLS #22068037

$199,000
03/01/2021

Sold

MIBORMLS #21756228

$87,000
12/29/2020

Pending

MIBORMLS #21756228

—
12/06/2020

Listed (Active)

MIBORMLS #21756228

$87,900
05/02/2013

Sold (Public Record)

Public Record #365902001

$26,000
05/02/2013

Sold

MIBORMLS #21222478

$26,000
04/01/2013

Pending

MIBORMLS #21222478

—
03/25/2013

Listed (Active)

MIBORMLS #21222478

$69,900
01/30/2002

Sold

MIBORMLS #2151276

$62,000
12/27/2001

Pending

MIBORMLS #2151276

—
11/09/2001

Listed (Active)

MIBORMLS #2151276

$64,900
10/03/2001

Expired

MIBORMLS #2115441

—
04/03/2001

Listed (Active)

MIBORMLS #2115441

$69,900
02/06/2000

Expired

MIBORMLS #9929288

—
08/06/1999

Listed (Active)

MIBORMLS #9929288

$69,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 507 South Cole Street

Taxable ValueLand$3,600Additions$106,700Total$110,300
Tax Record2024$1,239 ($103 / month)
Home Facts
Beds3Total Finished SqFt1,200 SqFtAbove Grade Finished SqFt1,200 SqFtStories1Lot Size5,358 SqFtStyleSingle Family ResidenceYear Built1930CountyMARIONAPN49-11-07-103-234.000-930

Schools near 507 South Cole Street

This home is within M S D Wayne Township.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9
Public - 10 to 12
Rating
School
Distance
Rhoades Elementary School
PublicPK to 6

Lynhurst 7th & 8th Grade Center
Public7 to 8

Ben Davis Ninth Grade Center
Public9

Ben Davis High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

507 South Cole Street is a single family home for sale in Indianapolis, IN 46241. This property was listed for sale on October 13, 2025 by CAVA Realty Group, it's currently listed at $169,900. It has been on the market for a total of 108 days and was last sold on March 1, 2021. This listing's school district is M S D Wayne Township. Nearby schools include Rhoades Elementary School, Lynhurst 7th & 8th Grade Center and Ben Davis Ninth Grade Center. 507 South Cole Street is a 3-bed, 1-bath, 1,200 sqft single family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CAVA Realty Group

Based on information submitted to the MLS GRID as of 01/05/2026 09:22 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.