×

  • Left arrow.Go Back

  • Share

  • Add Note

  • Email to Friend

  • Ask a Question

  • Print

  • Heart Icon.Save

$550,000

3906 S Lynhurst Drive Indianapolis, IN  46221

  • 4 Beds
  • 2 Baths
  • 2,912 sq. Ft

Video Chat

Schedule a Video Chat Tour

Property Description for 3906 S Lynhurst Drive Indianapolis, IN 46221

This property offers an incredible opportunity for investors looking to capitalize on a high-traffic location. Currently zoned residential but ideally suited for commercial use, this lot spans just over 3/4 of an acre and is perfectly situated in a bustling area with significant daily traffic. The property includes a 4-bedroom, 1.5-bath single-family home, providing ample living space. In addition to the house, there is a duplex and a small office building on the lot, offering flexibility for various business ventures or rental opportunities. These structures are in need of attention, but with the right improvements, these buildings could be turned into lucrative assets. Given its location and potential, this property is a rare find and a smart investment for those looking to make the most of a high-visibility area. Don't miss the chance to turn this property into a thriving commercial enterprise!
QuickBuy option for home selling

Address:3906 S Lynhurst Drive Indianapolis IN 46221
Status:Active
on site: 19 days
Price:$550,000
Bedrooms:4 Beds
Bathrooms:1 Full Baths, 1 Half Baths
Sq. Feet:2,912
Year Built:1915
Lot Size:0.79
County: Marion
Township: Decatur
MLS #:21998407
Property Type:Single Family Residence

Lot Dimensions:34492
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :2,120
Total Sq. Ft. :2,912
Basement:Yes

Loan Price
$3,300
Price And Interest $2,869/month
Property Tax $202/month
MTG INS $0/month
HOME INS $229/month
Price
$550,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$202/month
Home Owner Insurance
$2,748 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 12x12 Main
Primary Bedroom 10x10 Upper
Bedroom 2 10x10 Upper
Bedroom 3 10x10 Upper
Bedroom 4 10x10 Main

Semi-Annual Property Tax:$1,214
Tax Year:2023
Mandatory HOA Fee:$

Area: 4908 - Marion - Decatur
City:Indianapolis
Subdivision: Mars Hill
Zip Code:46221

Total Sq. Ft.:2,912
Interior Features:Supplemental Storage
Eating Area(s):Dining Combo/Kitchen
Appliances:None
Exterior Type:Vinyl Siding
Fireplace(s):Other
Cool:Other
Heat:Other
Water Heater:None
Total Rooms:5
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Schedule a Video Chat Tour

Listing provided courtesy of Candice Childs with Scott Estates from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/29/2024 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 1008 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.

Community Links

Newest Listings |
Open Houses |
Foreclosures |
Price Reductions |
New Construction |
Short-Sales |
Hud

Nearby Locations

Beech Grove | Broad Ripple | Clermont | Downtown Indy | Homecroft | Lawrence | Meridian Hills | Meridian Kessler | New Augusta | Rocky Ripple | Southport | Speedway | Wanamaker |

Search by Price

Under $50,000| Under $75,000| Under $100,000| Under $125,000| Under $150,000| Under $200,000| Under $225,000| Under $250,000| Under $275,000| Under $300,000| Under $325,000| Under $375,000| Under $400,000| Under $450,000| Under $475,000| Under $500,000| Under $600,000| Under $700,000| Under $800,000| Under $900,000| Under $1,000,000| Cheap Affordable|

Search by house feature

1 Bedroom| 2 Bedrooms 2 Baths| 2 Bedrooms| 3 Bedrooms| 4 Bedrooms| 5 Bedrooms| 1 Bathroom| 2 Bathrooms| 3 Bathrooms| 4 Bathrooms| Barn| Boat Dock| Brick Exterior| Pool| Ranch Style| Shed| Storage| Wood Burning Fire Place| Wood Exterior|

Search by house type

A Frame| Bungalow| Colonial| Contemporary| Craftsman| Mid Century Modern| Office Space| Ranch| Tudor| Victorian| Condo| Duplex| Land| Townhouse| Luxury| Multi Family|

Indianapolis Neighborhoods