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$484,900

8061 Lower Bay Lane #1 Indianapolis, IN  46236

  • 3 Beds
  • 4 Baths
  • 3,320 sq. Ft

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Property Description for 8061 Lower Bay Lane #1 Indianapolis, IN 46236

As you enter this 3-bedroom condo on the lake, you will be greeted by a stunning view that extends clear through the home, creating an immediate sense of openness and tranquility. The exclusive lakeside condo is part of one of the few select condo communities in the area. This rare gem features open concept living area with floor to ceiling windows that flood the space with natural light. Modern finishes include black metal stair railings & lighting. The primary suite is a private retreat. Imagine waking up every morning to a serene view of the cove that leads to the lake. The luxurious new Jacuzzi style step in shower and new bathroom tile make it feel modern and fresh. New carpet in the bedroom will feel cozy under your feet. The property boasts a range of new mechanical upgrades ensuring comfort and efficiency. Recent improvements include all new windows, state of the art AC unit, an upgraded 200 amp electrical service, a new exterior door, and updated mechanicals for the elevator. Enjoy the ultimate lake living experience with activities like kayaking, boating, and fishing right at your doorstep. Dock 21 Maybe you just want to enjoy the calmness of looking at the water. This property offers something for everyone.
QuickBuy option for home selling

Address:8061 Lower Bay Lane Indianapolis IN 46236
Status:Active
Status Disclosure:First Right of Contingency
on site: 64 days
Price:$484,900
Bedrooms:3 Beds
Bathrooms:2 Full Baths, 2 Half Baths
Sq. Feet:3,320
Year Built:1982
County: Marion
Township: Lawrence
MLS #:21986983
Property Type:Condominium

Lot Features:Wooded
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,036
Upper Level Sq. Ft. :1,448
Total Sq. Ft. :3,320
Basement:Yes

Loan Price
$3,101
Price And Interest $2,529/month
Property Tax $370/month
MTG INS $0/month
HOME INS $202/month
Price
$484,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$370/month
Home Owner Insurance
$2,424 / year
HOA Dues
$505 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom 19x16 Upper
Bedroom 2 21x11 Upper
Bedroom 3 21x11 Upper
Kitchen 11x10 Main
Breakfast Room 9x8 Main
Dining Room 19x13 Main
Living Room 19x16 Main
Family Room 20x19 Basement
Laundry 6x5 Upper

Semi-Annual Property Tax:$2,219
Tax Year:2023
Mandatory HOA Fee:$505
HOA Fee Paid:Monthly

Area: 4904 - Marion - Lawrence
City:Indianapolis
Subdivision: Backbay Horizon Property Regime
Zip Code:46236

Total Sq. Ft.:3,320
Accessibility Feature:Accessible Entrance
Interior Features:Attic Access, Built In Book Shelves, Elevator, Entrance Foyer, Paddle Fan, Hardwood Floors, Hi-Speed Internet Availbl, In-Law Arrangement, Pantry, Skylight(s), Walk-in Closet(s), Windows Vinyl, Wood Work Painted, WoodWorkStain/Painted
Eating Area(s):Breakfast Room, Formal Dining Room
Appliances:Dishwasher, Dryer, Disposal, Gas Water Heater, MicroHood, Double Oven, Gas Oven, Refrigerator, Washer, Water Softener Owned
Equipment:Smoke Alarm
Exterior Features:Clubhouse, Pool House, Tennis Community, Water Feature Fountain, Other
Exterior Type:Stone, Wood
Fireplace(s):Family Room, Gas Log, Primary Bedroom, Woodburning Fireplce
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Dishwasher, Dryer, Disposal, Gas Water Heater, MicroHood, Double Oven, Gas Oven, Refrigerator, Washer, Water Softener Owned
Total Rooms:9
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Barbara Bade with United Real Estate Indpls from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 07/01/2024 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 1453 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.

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