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(SOLD) $700,000

5440 Shelbyville Road Indianapolis, IN  46237

  • 4 Beds
  • 5 Baths
  • 8,004 sq. Ft

Property Description for 5440 Shelbyville Road Indianapolis, IN 46237

Incredibly unique home on a gorgeous, wooded lot. Beautiful setting of almost 8 wooded acres awaits behind the beautiful electric gates. Paved driveway makes it feel like the approach to a state park Inn. The massive entry/foyer area is unbelievable and features an amazing "Gone With The Wind" stairway to the upper level and catwalk on both sides. A unique water fountain with a statue from Pennsylvania is on one wall. The chandelier is gorgeous in the entry area. This home was once owned by a doctor that had his office on the West end and that area would make a perfect office or in-law quarters area with a private entry and ample parking area. The entire property is 7.83 acres as per the Assessor's office and consists of three separate parcels that are fenced as one. There are 74+ marked walnut trees on the property. A lovely winding creek flows through the property. The possibilities are endless and it is awaiting your personal touches. As per the Seller, the exterior of the home is specially selected Indiana Limestone from the Bedford area. There are three heat pumps and three furnaces. The dining room can seat 14 people easily, per the Seller. The family room, or trophy room as the Seller refers to it has a wonderful built-in bar and an electric grill for entertaining family, friends, or clients. There is a ton of storage and food pantry off the dining room. Very convenient to shopping, restaurants, and the interstate system. Just minutes from downtown Indianapolis. It's time for you to come home to this beautiful house and property. Exclude the freestanding fireplace in the Primary Bedroom.
QuickBuy option for home selling

Address:5440 Shelbyville Road Indianapolis IN 46237
Status:Sold
Sold On: 7/19/2024
Price:$797,000
Bedrooms:4 Beds
Bathrooms:3 Full Baths, 2 Half Baths
Sq. Feet:8,004
Year Built:1968
Lot Size:7.83
County: Marion
Township: Franklin
MLS #:21977582
Property Type:Single Family Residence

Lot Dimensions:118483
Lot Features:Access, Irregular Lot, Not In Subdivision, Mature Trees, Wooded, See Remarks
Water Source:Private Well
Directions:GPS Friendly
Main Level Sq. Ft. :3,900
Upper Level Sq. Ft. :2,208
Total Sq. Ft. :8,004
Basement:Yes

Loan Price
$4,451
Price And Interest $3,652/month
Property Tax $507/month
MTG INS $0/month
HOME INS $292/month
Price
$700,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$507/month
Home Owner Insurance
$3,504 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom 27X17 Upper
Dining Room 18X12 Main
Kitchen 18X11 Main
Laundry 10X9 Upper
Bedroom 3 18x15 Upper
Bedroom 2 21X20 Upper
Foyer 35X32 Main
Living Room 30x21 Main
Family Room 30x16 Main
Office 13x10 Main
Bedroom 4 14x10 Main
Bonus Room 8x7 Main
Bonus Room 15x8 Main
Bonus Room 10x9 Main
Bonus Room 26x18 Basement
Bonus Room 26x18 Basement

Semi-Annual Property Tax:$3,039
Tax Year:2023
Other Disclosures:Cosmetics Needed, Needs Updating, Sales Disclosure On File
Mandatory HOA Fee:$

Area: 4906 - Marion - Franklin
Subdivision: Southern View
Zip Code:46237

Total Sq. Ft.:8,004
Interior Features:Attic Access, Bath Sinks Double Main, Raised Ceiling(s), Hi-Speed Internet Availbl, In-Law Arrangement, Walk-in Closet(s), Wet Bar
Interior Area(s):Living Room - 2 Story
Eating Area(s):Formal Dining Room
Appliances:Dishwasher, Electric Water Heater, Disposal, MicroHood, Electric Oven, Refrigerator, Water Heater, Water Softener Owned, Other
Equipment:Intercom, Security Alarm Monitored, Security Alarm Paid, Smoke Alarm
Exterior Type:Stone, Wood
Fireplace(s):Bedroom, Living Room, Primary Bedroom, Woodburning Fireplce
Cool:Central Electric
Heat:Heat Pump
Water Heater:Dishwasher, Electric Water Heater, Disposal, MicroHood, Electric Oven, Refrigerator, Water Heater, Water Softener Owned, Other
Total Rooms:14
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 Kent Clark with Super Broker Real Estate Group LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/05/2024 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 1286 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.