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(SOLD) $215,000

1115 Farley Drive Indianapolis, IN  46214

Property Description for 1115 Farley Drive Indianapolis, IN 46214

Discover Your Investment Opportunity in Farley! This cozy duplex, located off 10th and High School Road, offers a prime location just minutes from Ben Davis Park, the Indianapolis Motor Speedway, Downtown Indy, and more! This 2-bedroom, 1.5-bathroom unit on a large lot in popular Farley features a solid brick exterior with minimal outside maintenance. Tenants pay all utilities except for water, making this a hassle-free investment. Minutes to 465 for easy access to the city, this duplex boasts cute lower levels with breakfast areas leading out to a patio. Recent updates include a new roof installed in 2022, newer flooring and furnace in 2023, and a new well tank in 2023. Unit 1117 also has a new AC coil and condenser installed in August 2024. Both units are currently occupied, with Lease 1115 expiring in August 2025 and Lease 1117 expiring in June 2025. Don't miss this opportunity to add this profitable duplex to your investment portfolio!
QuickBuy option for home selling

Address:1115 Farley Drive Indianapolis IN 46214
Status:Sold
Sold On: 10/25/2024
Price:$215,000
Bathrooms:0
Year Built:1953
Lot Size:0.35
County: Marion
Township: Wayne
MLS #:21990712
Property Type:Duplex

Lot Dimensions:15377
Road Access:See Remarks
Lot Features:Access
Building Utilities:Well
Directions:GPS Friendly

Loan Price
$1,382
Price And Interest $1,122/month
Property Tax $170/month
MTG INS $0/month
HOME INS $90/month
Price
$215,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$170/month
Home Owner Insurance
$1,080 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,022
Tax Year:2023
Mandatory HOA Fee:$

Area: 4909 - Marion - Wayne
City:Indianapolis
Subdivision: Farleys Speedway Homeplace
Zip Code:46214

Exterior Type:Brick
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 Rosie Berzenye with T&H Realty Services, Inc. from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 07/14/2024 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 1281 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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