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(SOLD) $780,000

5425 Shorewood Drive Indianapolis, IN  46220

  • 4 Beds
  • 3 Baths
  • 4,214 sq. Ft

Property Description for 5425 Shorewood Drive Indianapolis, IN 46220

Spectacular Waterfront Setting for this 4 Bedroom, 3 Full Bathroom Mid Century Modern Ranch with Walkout Basement which has been recently remodeled for today's lifestyle but still maintains the classic form and function of its' original design. This home is located in the heart of Washington Township and just a short drive to Broad Ripple and Downtown plus this .73 acre lot sits on the widest point of Lake Maxinhall (84 acre Lake) and directly across the street from the new Nickel Plate Rail to Trail; a Biking, Running and Walking trail. The extensive remodel consists of opening up the interior which gives you wonderful natural light throughout the Great Rm/Hearth Rm and Kitchen areas plus lake views through the New Marvin Windows throughout. The custom kitchen will make anyone happy as you are at the center of all that is happening in the home while enjoying all the features of a newly designed kitchen with creamy white shaker cabinets with gold bronze faucet and matching handles, stainless steel appliances, granite counter tops, porcelain back splash and breakfast bar overlooking the cozy bo-ho inspired hearth room with gas fireplace and double sliding doors to your very own private screened porch for morning coffee or dinners at home. This home makes lake living easy with low maintenance luxury vinyl flooring throughout, two remodeled bathrooms on main level, fun get ready mud room/laundry room off kitchen plus incredible space in lower walkout basement with full size second kitchen, full bathroom, family room with custom floor treatment designed for wet feet off the lake, private office area, plus an amazing 31x20 bonus/exercise room. In addition to the lake views, you can enjoy swimming, boating, paddle boarding directly off your private beach with newly built terraced paver patio with fire pit and dock plus a unique boat/bath house perfect for a quick clothing change plus extra storage. This is truly a special home and much more than words can describe.
QuickBuy option for home selling

Address:5425 Shorewood Drive Indianapolis IN 46220
Status:Sold
Sold On: 6/21/2024
Price:$735,000
Bedrooms:4 Beds
Bathrooms:3 Full Baths
Sq. Feet:4,214
Year Built:1961
Lot Size:0.74
County: Marion
Township: Washington
MLS #:21981699
Property Type:Single Family Residence

Lot Dimensions:32234
Lot Features:Mature Trees
Water Source:Municipal/City
Directions:LAKE MAXINHALL/WASHINGTON TOWNSHIP: Go West on East 52nd St from Allisonville Rd to Shorewood Dr which is right before New Nickel Plate Trail between East 52nd St and East 56th St on Westside of Lake Maxinhall.
Main Level Sq. Ft. :2,107
Total Sq. Ft. :4,214
Basement:Yes

Loan Price
$4,838
Price And Interest $4,069/month
Property Tax $444/month
MTG INS $0/month
HOME INS $325/month
Price
$780,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$444/month
Home Owner Insurance
$3,900 / year
HOA Dues
$29 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Family Room 35x30 Basement
Office 10x10 Basement
Kitchen 20x14 Main
Bedroom 3 13X10 Main
Bedroom 2 11X15 Main
Hearth Room 16X13 Main
Bedroom 4 14X11 Main
Laundry 12X10 Main
Primary Bedroom 16X10 Main
Kitchen 20x10 Basement
Great Room 26X14 Main
Bonus Room 31x20 Basement

Semi-Annual Property Tax:$2,662
Tax Year:2023
Mandatory HOA Fee:$350
HOA Fee Paid:Annually

Area: 4903 - Marion - Washington
Subdivision: Lake Maxinhall
Zip Code:46220

Total Sq. Ft.:4,214
Interior Features:Bath Sinks Double Main, Breakfast Bar, In-Law Arrangement, Pantry, Screens Complete, Windows Thermal, Windows Vinyl, Wood Work Painted
Interior Area(s):Laundry in Unit, Utility Room
Eating Area(s):Breakfast Room, Dining Combo/Kitchen, Other Eating Area
Appliances:Gas Cooktop, Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Oven, Range Hood, Refrigerator, Washer, Water Heater, Water Purifier, Other
Equipment:Not Applicable
Exterior Features:Balcony, Out Building With Utilities, Outdoor Fire Pit, Playset
Exterior Type:Brick
Fireplace(s):Basement, Gas Log, Hearth Room
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Gas Cooktop, Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Oven, Range Hood, Refrigerator, Washer, Water Heater, Water Purifier, Other
Total Rooms:12
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 Steve Sergi with RE/MAX At The Crossing from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/29/2024 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

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 1306 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.