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$410,000 ā†“$15,000on 11/8/2024

8827 El Rico Drive Indianapolis, IN  46240

  • 4 Beds
  • 4 Baths
  • 2,496 sq. Ft

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Property Description for 8827 El Rico Drive Indianapolis, IN 46240

Welcome to your dream home! This exquisite traditional American ranch, located in the heart of Washington Township, is a perfect blend of classic charm and modern luxury. Ideally situated close to North Central High School, this property is nestled on a nearly one-acre lot, offering an expansive outdoor oasis for relaxation and recreation. Step inside to discover a fully remodeled interior that boasts elegance and contemporary comfort. The spacious layout includes four generously sized bedrooms and three and a half bathrooms, ensuring ample space for family and guests. The master suite is a true retreat with a beautifully appointed en-suite bathroom and large walk-in closet. The fully finished basement extends your living space, providing a versatile area perfect for a home theater, gym, or additional family room. With its own full bathroom, this lower level can easily accommodate guests or function as an in-law suite. Outside, the sprawling backyard is a private paradise. Enjoy summer barbecues on the spacious deck, or create your own garden retreat in the lush, manicured grounds. The nearly acre lot offers endless possibilities for outdoor activities and future expansions. Every detail in this home has been meticulously updated, from the new flooring and modern fixtures to the energy-efficient windows and HVAC system. Located in a highly desirable neighborhood with top-rated schools, shopping, and dining nearby, this home offers both tranquility and convenience. Don't miss the opportunity to own this exceptional property - a perfect place to make your home. Schedule your private showing today and experience the best of Indianapolis living!

Address:8827 El Rico Drive Indianapolis IN 46240
Status:Active
on site: 188 days
Price:$410,000
Bedrooms:4 Beds
Bathrooms:3 Full Baths, 1 Half Baths
Sq. Feet:2,496
Year Built:1953
Lot Size:0.80
County: Marion
Township: Washington
MLS #:21979859
Property Type:Single Family Residence

Lot Dimensions:34717
Water Source:Private Well
Directions:From Keystone, W on 86th St, N on El Rico. Home on the right.
Main Level Sq. Ft. :1,248
Total Sq. Ft. :2,496
Basement:Yes

Loan Price
$2,800
Price And Interest $2,139/month
Property Tax $490/month
MTG INS $0/month
HOME INS $171/month
Price
$410,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$490/month
Home Owner Insurance
$2,052 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
11/08/24 $425,000 $410,000 -3.53%
09/05/24 $440,000 $425,000 -3.41%

RoomSizeLevel
Living Room 10x16 Main
Dining Room 8x9 Main
Kitchen 11x17 Main
Bedroom 2 9x10 Main
Bedroom 3 9x9 Main
Sun Room 8x21 Main
Bedroom 4 20x14 Basement
Bonus Room 11x14 Basement
Primary Bedroom 11x12 Main

Semi-Annual Property Tax:$2,942
Tax Year:2023
Mandatory HOA Fee:$

Area: 4903 - Marion - Washington
City:Indianapolis
Subdivision: El Rico
Zip Code:46240

Total Sq. Ft.:2,496
Interior Features:Bath Sinks Double Main, Center Island, Eat-in Kitchen, Programmable Thermostat, Walk-in Closet(s)
Eating Area(s):Dining Combo/Kitchen
Appliances:Dishwasher, Electric Water Heater, MicroHood, Gas Oven, Refrigerator, Wine Cooler
Exterior Type:Stone, Vinyl Siding
Fireplace(s):Basement, Family Room, Woodburning Fireplce
Cool:Central Electric
Heat:Gas
Water Heater:Dishwasher, Electric Water Heater, MicroHood, Gas Oven, Refrigerator, Wine Cooler
Total Rooms:9
Brittany Perry, REALTORĀ®/Broker, F. C. Tucker Company
Brittany Perry
Phone (317) 640-9639
Additional Phone (317) 259-6000
F.C. Tucker Company
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Listing provided courtesy of Brittany Perry with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/15/2024 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 2139 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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