437 E 38th St, Indianapolis, IN 46205 Property Records

Marion County property record for 437 E 38th St, Indianapolis, IN 46205

Property Summary

Property Type	Apartments (5+ Units)
Details	10,890 sqft · built 1910
Lot Size	0.281 acres (12,252 sqft)
Owner	Company Name on File
Last Sale	$708,890 (Nov 2025)
Tax Bill	$5,958 (2024)
Deeds & Mortgages	Nov 2025 Mortgage Nov 2019 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`49-06-24-154-021.000-101`

Property Details

APN / Parcel Number

Primary APN	`49-06-24-154-021.000-101`
Alternative APN	`1002537`

Interior

Units	34 Units
Stories	2 Stories
Building Area	10,890 sqft Adjusted Area
1st Floor Area	3,630 sqft

Exterior

Year Built	Built 1910
Effective Year Built	Effective 1979
Exterior Material	Concrete Block
Construction Type	Brick
Lot Area	12,252 sqft (0.281 acres)

Location & Zoning

Street Address	437 E 38TH ST
City	INDIANAPOLIS
State	IN
Zip	46205-2669
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	WACEMA PLACE L32 & L33
Legal Subdivision	WACEMA PLACE
Legal Lot Number	32,33
Jurisdiction	MARION IN
Township / Civil Division	CENTER
Census Block Group	3
Census Block	3011
Census Tract	350400

Owner

Source: Marion County assessment roll, as of March 16, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	1075 BROAD RIPPLE AVE, INDIANAPOLIS, IN 46220-2034
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Nov 21, 2025	Warranty Deed, Transfer · Commercial Mortgage QUEEN ANN APTS LLC
Nov 13, 2019	Deed of Trust, Mortgage PNC BK

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Nov 21, 2025 · Amount on Record
Deed Sale	Nov 21, 2025 · Amount on Record
Prior Sale	Jul 14, 2008 · Amount on Record
Deed Document Number	2025100321
Record Updated	Jun 8, 2026

November 2025: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARION IN
Recording Date	Nov 21, 2025
Property Address	437 E 38TH ST, INDIANAPOLIS, IN 46205-2669
Document Number	0000100321
Map Reference	PB 17 PG 23
Instrument Date	Nov 12, 2025
Instrument	A202500100321
Transaction Type	Transfer
Record Updated	Jan 22, 2026

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1075 BROAD RIPPLE AVE, INDIANAPOLIS, IN 46220-2034

Mortgage

Document Number	0000100322
Date	Nov 21, 2025
Instrument	A202500100322

Lender

Name	QUEEN ANN APTS LLC
Type	Funding / Finance Company

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

November 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION IN
Property Address	437 E 38TH ST, INDIANAPOLIS, IN 46205-2669
Document Number	0000003699
Instrument Date	Nov 13, 2019
Transaction Type	Mortgage
Record Updated	Jan 31, 2020
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN EQUITY LOAN SVC

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	437 E 38TH ST INDIANAPOLIS IN 462052669, INDIANAPOLIS, IN 46205-2669

Mortgage

Document Number	0000003699
Date	Jan 10, 2020
Instrument	3699

Lender

Name	PNC BK
Type	Bank
Address	FISHERS, IN 46037

Agreement

Amount	Amount Recorded
Term	60 Months
Due	Jan 9, 2025

Tax Assessment & Valuation

Source: Marion County assessment roll, as of March 16, 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Marion County
County Subdivision	Center Township
Consolidated City	Indianapolis City
Unified School District	Indianapolis Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$285,600 (+13.74%) Land $119,000 Building $166,600	$285,600 (+13.74%) Land $119,000 Building $166,600
2024	$5,958.00 (-4.85%)	$251,100 (-4.89%) Land $119,000 Building $132,100	$251,100 (-4.89%) Land $119,000 Building $132,100
2023	$6,262.00 (+14.23%)	$264,000 (+13.7%) Land $119,000 Building $145,000	$264,000 (+13.7%) Land $119,000 Building $145,000
2022	$5,482.00	$232,200 Land $119,000 Building $113,200	$232,200 Land $119,000 Building $113,200

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective June 7, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Claims	1 (2010)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Jul 2010 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITIZENS WATER - INDIANAPOLIS serves 880,345 people · EPA ID IN5249004
Water Source	Surface water
Last State Inspection	May 2024
Lead	3 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 633 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · DSL · Fixed Wireless in parts of the area	5,000 / 5,000
Spectrum Cable	1,000 / 1,000
Verizon Fixed Wireless	1,000 / 75

May also be available: T-Mobile, Xiber.

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