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$350,000 ā†“$5,000on 10/14/2024

1023 Reserve Way Indianapolis, IN  46220

  • 2 Beds
  • 2 Baths
  • 1,946 sq. Ft

Property Description for 1023 Reserve Way Indianapolis, IN 46220

Welcome to 1023 Reserve Way at the sought after Reserve at Broad Ripple. This townhome, located just step to the Monon is a must see. With 1,945 square feet, 2 bedrooms, and 2 full bathrooms this townhome is the perfect choice. The townhome has 2 gas fireplaces one in the living room and one in the master, 42' in Cherry kitchen cabinets, stainless steel appliances, Corian countertops and much more. Community has a swimming pool and 4-acre nature preserve as well is close to shopping, restaurants, and all things Broad Ripple has to offer.

Address:1023 Reserve Way Indianapolis IN 46220
Status:Active
on site: 89 days
Price:$350,000
Bedrooms:2 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,946
Year Built:2005
Lot Size:0.05
County: Marion
Township: Washington
MLS #:21995334
Property Type:Townhouse

Lot Dimensions:2335
Lot Features:On Trail, Sidewalks
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,146
Upper Level Sq. Ft. :800
Total Sq. Ft. :1,946

Loan Price
$2,311
Price And Interest $1,826/month
Property Tax $339/month
MTG INS $0/month
HOME INS $146/month
Price
$350,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$339/month
Home Owner Insurance
$1,752 / year
HOA Dues
$305 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
10/14/24 $355,000 $350,000 -1.41%
09/11/24 $360,000 $355,000 -1.39%

RoomSizeLevel
Bedroom 2 11x15 Main
Dining Room 11x14 Main
Primary Bedroom 21x17 Upper
Loft 16x9 Upper
Kitchen 11x16 Main
Great Room 15x18 Main

Semi-Annual Property Tax:$2,031
Tax Year:2023
Mandatory HOA Fee:$305
HOA Fee Paid:Monthly

Area: 4903 - Marion - Washington
City:Indianapolis
Subdivision: Reserve At Broad Ripple
Zip Code:46220

Total Sq. Ft.:1,946
Interior Features:Vaulted Ceiling(s), Center Island, Pantry
Interior Area(s):Bath Jack-n-Jill, Bedroom Other on Main
Eating Area(s):Formal Dining Room
Appliances:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer
Equipment:Smoke Alarm
Exterior Features:Sprinkler System, Water Feature Fountain
Exterior Type:Brick
Fireplace(s):Living Room, Primary Bedroom
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer
Total Rooms:2
Elaina Musleh, REALTORĀ®/Broker, F. C. Tucker Company
Elaina Musleh
Phone (317) 650-5898
Additional Phone (317) 844-4200
F.C. Tucker Company
VISIT MY PROFILE

Listing provided courtesy of Elaina Musleh with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/22/2024 12:00 AM. 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.





Indianapolis Market Report

109
Avg. DOM
$187.92
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,194.02. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 68 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 2059 minutes ago.

At the moment we have 105 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $45,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2112.74 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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