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(SOLD) $350,000

1431 E Loretta Drive Indianapolis, IN  46227

  • 4 Beds
  • 2 Baths
  • 3,618 sq. Ft

Property Description for 1431 E Loretta Drive Indianapolis, IN 46227

Welcome to 1431 E Loretta Dr., a delightful 4-bedroom, 2-bathroom home exuding charm and character, located in the heart of the historic Homecroft neighborhood on Indianapolis's south side. This enchanting home boasts original features such as the front door and front windows, which perfectly complement the modern upgrades including 6 new windows on the back, a new roof plus decking, and new gutters. Inside, you'll find freshly painted interiors that maintain the home's vintage appeal while offering modern comfort. The layout includes 2 bedrooms on the main level and 2 upstairs. The main level bedroom has been thoughtfully used as a home office, while the upstairs features a uniquely divided 4th bedroom, perfect for children's quarters, with the option to easily restore it to its original layout. Upstairs closet has been converted to a small office. The outdoor space is equally captivating, with a detached garage, a charming stone patio area, a chicken coop, and a playset, making it a wonderful space for family activities. The Homecroft neighborhood enhances the home's allure, offering picturesque sidewalks and nearby playgrounds, ideal for leisurely strolls and family outings. Conveniently situated within walking distance to local schools, and just minutes from dining, shopping, major interstates, and only 15 minutes from downtown Indianapolis, 1431 E Loretta Dr. offers the perfect blend of historic charm and modern amenities. Don't miss the opportunity to make this charming home yours - schedule a showing today!
QuickBuy option for home selling

Address:1431 E Loretta Drive Indianapolis IN 46227
Status:Sold
Sold On: 6/13/2024
Price:$340,000
Bedrooms:4 Beds
Bathrooms:2 Full Baths
Sq. Feet:3,618
Year Built:1931
Lot Size:0.32
County: Marion
Township: Perry
MLS #:21980364
Property Type:Single Family Residence

Lot Dimensions:13983
Lot Features:Sidewalks, Street Lights, Mature Trees
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,206
Upper Level Sq. Ft. :1,206
Total Sq. Ft. :3,618
Basement:Yes

Loan Price
$2,174
Price And Interest $1,826/month
Property Tax $202/month
MTG INS $0/month
HOME INS $146/month
Price
$350,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$202/month
Home Owner Insurance
$1,752 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 11x17 Main
Dining Room 11x13 Main
Kitchen 17x8 Main
Laundry N/A Basement
Primary Bedroom 25x12 Upper
Bedroom 2 11x11 Main
Bedroom 3 10x11 Main
Bedroom 4 13x14 Upper

Semi-Annual Property Tax:$1,213
Tax Year:2023
Mandatory HOA Fee:$

Area: 4907 - Marion - Perry
City:Indianapolis
Subdivision: Homecroft
Zip Code:46227

Total Sq. Ft.:3,618
Interior Features:Built In Book Shelves, Hardwood Floors, Eat-in Kitchen
Interior Area(s):Laundry in Garage
Eating Area(s):Separate Room
Appliances:Gas Cooktop, Dishwasher, Dryer, Disposal, Microwave, Gas Oven, Refrigerator, Washer, Other
Exterior Type:Brick
Fireplace(s):Gas Starter, Non Functional
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Gas Cooktop, Dishwasher, Dryer, Disposal, Microwave, Gas Oven, Refrigerator, Washer, Other
Total Rooms:11
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 Andy Waggoner with Ferris Property Group from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/19/2024 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 970 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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