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(SOLD) $280,000

1041 Reserve Way Indianapolis, IN  46220

  • 2 Beds
  • 2 Baths
  • 1,231 sq. Ft

Property Description for 1041 Reserve Way Indianapolis, IN 46220

Ever popular end unit condo at Reserve at Broad Ripple is available with the south facing pond and the front faces the Monon trail in a natural woods setting. Extra special touches as it was the builder's spec unit - Brazilian Cherry hardwood & beautiful crown molding in Living room; Slate stone in kitchen with stone backsplash; a 2nd half bath & finished bonus room on lower level for a remote office or great workout space. You need to come check out this opportunity. The owners are original and lightly used as it was their second home.

Address:1041 Reserve Way Indianapolis IN 46220
Status:Sold
Sold On: 9/20/2024
Price:$277,000
Bedrooms:2 Beds
Bathrooms:1 Full Baths, 1 Half Baths
Sq. Feet:1,231
Year Built:2006
Lot Size:0.05
County: Marion
Township: Washington
MLS #:21996476
Property Type:Condominium
Buyer Broker Compensation: 3%
Any compensation may only be paid to a licensed real estate broker.

Lot Dimensions:2335
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,231
Total Sq. Ft. :1,231
Basement:Yes

Loan Price
$2,024
Price And Interest $1,461/month
Property Tax $446/month
MTG INS $0/month
HOME INS $117/month
Price
$280,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$446/month
Home Owner Insurance
$1,404 / year
HOA Dues
$290 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 15x15 Main
Dining Room 10 x9 Main
Kitchen 10x9 Main
Primary Bedroom 14x11 Main
Bedroom 2 12x10 Main
Bonus Room 17x10 Basement

Semi-Annual Property Tax:$2,674
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.:1,231
Interior Features:Hardwood Floors
Eating Area(s):Dining Combo/Kitchen
Appliances:Dishwasher, Dryer, Disposal, MicroHood, Microwave, Gas Oven, Refrigerator, Washer, Water Heater, Water Softener Rented
Exterior Features:Balcony
Exterior Type:Brick
Cool:Central Electric
Heat:Forced Air
Water Heater:Dishwasher, Dryer, Disposal, MicroHood, Microwave, Gas Oven, Refrigerator, Washer, Water Heater, Water Softener Rented
Total Rooms:6
Nancy Whitfield, REALTOR®/Broker, F. C. Tucker Company
Nancy Whitfield
Phone (317) 752-2227
Additional Phone (317) 846-7751
F.C. Tucker Company
VISIT MY PROFILE

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

Based on information submitted to the MLS GRID as of 08/15/2024 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

137
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 $1,436.60. 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 $265,000.00 and the average price per square feet is $153.99 per square feet. At the moment, the amount of homes listed is exactly 9886 houses, with 2272 with active status, 1101 with pending status and 6513 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 $3,058.56. 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 69 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 1533 minutes ago.

At the moment we have 90 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 $38,900.00 . 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 2103.24 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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