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(SOLD) $280,000

1026 Reserve Way Indianapolis, IN  46220

  • 2 Beds
  • 1 Baths
  • 1,281 sq. Ft

Property Description for 1026 Reserve Way Indianapolis, IN 46220

Unbeatable location! Nestled inside this highly desirable Broad Ripple community with direct Monon access, this move-in-ready condo boasts tranquil views and a serene atmosphere from the moment you walk out the front door. Perfect for those seeking low-maintenance living combined with ease of access to recreation, local boutiques and restaurants, and entertainment. With 1,200+ sq.ft of living space and an open-concept floor plan, attractive flooring, tall ceilings, stainless steel appliances, granite countertops and more. Two comfortable bedrooms offer natural light and sizable closet space. In-unit washer/dryer (stackable) conveniently located on the main level. Finished bonus room on lower level adds functionality, providing opportunity for storage, office and/or rec space for future owner to enjoy. Updates to major components - HVAC, water heater and garage door opener. The community includes a pristine in-ground pool, surrounded by beautiful grounds and nature, providing a serene backdrop for relaxation and recreation. Experience all that Broad Ripple has to offer! Truly a must-see.
QuickBuy option for home selling

Address:1026 Reserve Way Indianapolis IN 46220
Status:Sold
Sold On: 6/26/2024
Price:$279,900
Bedrooms:2 Beds
Bathrooms:1 Full Baths
Sq. Feet:1,281
Year Built:2005
Lot Size:0.05
County: Marion
Township: Washington
MLS #:21979483
Property Type:Condominium

Lot Dimensions:2335
Lot Features:Sidewalks, Mature Trees, Trees-Small (Under 20 Ft)
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,031
Total Sq. Ft. :1,281
Basement:Yes

Loan Price
$1,793
Price And Interest $1,461/month
Property Tax $215/month
MTG INS $0/month
HOME INS $117/month
Price
$280,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$215/month
Home Owner Insurance
$1,404 / year
HOA Dues
$290 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom 13x10 Main
Bedroom 2 12x10 Main
Kitchen 10x08 Main
Dining Room 10x10 Main
Living Room 15x14 Main
Bonus Room 17x10 Basement

Semi-Annual Property Tax:$1,289
Tax Year:2023
Mandatory HOA Fee:$290
HOA Fee Paid:Monthly

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

Total Sq. Ft.:1,281
Interior Features:Wood Work Painted, Hi-Speed Internet Availbl
Eating Area(s):Formal Dining Room
Appliances:Dishwasher, Dryer, Disposal, MicroHood, Gas Oven, Refrigerator, Washer, Gas Water Heater, Humidifier
Equipment:Smoke Alarm
Exterior Features:Balcony
Exterior Type:Brick
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Dishwasher, Dryer, Disposal, MicroHood, Gas Oven, Refrigerator, Washer, Gas Water Heater, Humidifier
Total Rooms:6
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Danielle Maynard with eXp Realty, LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/22/2024 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 2172 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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