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$350,000 ↓$4,900on 8/12/2024

1056 Reserve Way Indianapolis, IN  46220

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

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Property Description for 1056 Reserve Way Indianapolis, IN 46220

Here's a rarely available 3 bed 2 bath unit in The Reserve at Broad Ripple! Built in 2005, The Reserve is known for its premier location in Broad Ripple, Monon Trail access, and a great pool! This condo has three levels: The basement level is a 2-car deep garage with a small mudroom / entry space. The main level (1 flight up) has an open concept kitchen with granite countertops, stainless steel appliances, and a breakfast bar. Living and dining room spaces sit to either side. A bedroom, full bath, and a laundry room round out the layout. The top floor has two more bedrooms, each with vaulted ceilings, a full bath, a loft space, and a large storage closet space. Your front door faces a quiet wooded lawn, and is just steps from the Monon Trail. With a brand new dishwasher, new HVAC & smart thermostat in 2023, new water heater in 2022, and in-wall surround sound speakers throughout the 2nd & 3rd levels, this home literally leaves you nothing to do but enjoy the maintenance-free lifestyle, and walk to everything Broad Ripple has to offer!
QuickBuy option for home selling

Address:1056 Reserve Way Indianapolis IN 46220
Status:Active
on site: 57 days
Price:$350,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,946
Year Built:2005
Lot Size:0.05
County: Marion
Township: Washington
MLS #:21990162
Property Type:Condominium

Lot Dimensions:2335
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :973
Upper Level Sq. Ft. :973
Total Sq. Ft. :1,946

Loan Price
$2,287
Price And Interest $1,826/month
Property Tax $315/month
MTG INS $0/month
HOME INS $146/month
Price
$350,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$315/month
Home Owner Insurance
$1,752 / year
HOA Dues
$290 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
08/12/24 $354,900 $350,000 -1.38%
07/25/24 $359,000 $354,900 -1.14%

RoomSizeLevel
Bedroom 2 11x16 Upper
Bedroom 3 11x16 Main
Dining Room 11x14 Main
Kitchen 11x16 Main
Living Room 15x18 Main
Primary Bedroom 11x22 Upper
Loft 16x10 Upper
Laundry 09x07 Main

Semi-Annual Property Tax:$1,891
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.:1,946
Interior Features:Breakfast Bar, Vaulted Ceiling(s), Pantry, Skylight(s), Walk-in Closet(s), Wood Work Painted
Eating Area(s):Dining Combo/Kitchen
Appliances:Dishwasher, Dryer, Disposal, MicroHood, Electric Oven, Refrigerator, Washer, Gas Water Heater
Equipment:Smoke Alarm
Exterior Type:Brick
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Dishwasher, Dryer, Disposal, MicroHood, Electric Oven, Refrigerator, Washer, Gas Water Heater
Total Rooms:8
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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

Based on information submitted to the MLS GRID as of 07/10/2024 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

25
Avg. DOM

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $10,832.93. 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 $273,000.00 and the average price per square feet is $158.65 per square feet. At the moment, the amount of homes listed is exactly 13560 houses, with 2229 with active status, 1293 with pending status and 10038 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 $3,223.43. 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 71 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 1444 minutes ago.

At the moment we have 203 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $5,500,000.00. 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 $1.00 . 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 2163.38 sq.ft. , the biggest one being 14738 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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