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$490,000 $140,100on 6/24/2024

8516 S Arlington Avenue Indianapolis, IN  46237

  • 3 Beds
  • 2 Baths
  • 2,755 sq. Ft

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Property Description for 8516 S Arlington Avenue Indianapolis, IN 46237

Property is zoned residential, but Seller believes it has the potential to be rezoned commercial. 2 Acres in Franklin Township! Right off the interstate, so it's located minutes from downtown Indy and minutes from downtown Greenwood and just minutes from the mall and restaurants. Roof is only one year old! This delightful 3-bedroom, 2-bath home exudes charm and comfort. The spacious living room seamlessly flows into the formal dining room, complete with a cozy fireplace. The kitchen opens to a large family room, also featuring a fireplace, perfect for gatherings and relaxation. Upstairs, the finished attic space offers two additional bedrooms, a full bath, a bonus room, and a convenient laundry room. The loft area has been thoughtfully converted into an extra bedroom, adding to the home's versatility. Step outside to enjoy the expansive enclosed glass patio, ideal for year-round enjoyment. Take a leisurely stroll around the picturesque 2-acre property, adorned with mature trees that provide a serene and private atmosphere. The property also includes a very large detached garage with fantastic electric heater, offering ample storage and workspace, along with abundant parking space for multiple vehicles.
QuickBuy option for home selling

Address:8516 S Arlington Avenue Indianapolis IN 46237
Status:Active
on site: 170 days
Price:$490,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:2,755
Year Built:1900
Lot Size:2.00
County: Marion
Township: Franklin
MLS #:21979358
Property Type:Single Family Residence

Lot Dimensions:87120
Lot Features:Mature Trees, Wooded
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,397
Upper Level Sq. Ft. :1,087
Total Sq. Ft. :2,755
Basement:Yes

Loan Price
$2,964
Price And Interest $2,556/month
Property Tax $204/month
MTG INS $0/month
HOME INS $204/month
Price
$490,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$204/month
Home Owner Insurance
$2,448 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
06/24/24 $349,900 $490,000 40.04%

RoomSizeLevel
Primary Bedroom 15x13 Main
Kitchen 13x8 Main
Family Room 18x13 Main
Living Room 15x14 Main
Dining Room 13x11 Main
Breakfast Room 12x10 Main
Bedroom 2 15x13 Upper
Bedroom 3 17x12 Upper
Loft 10x10 Upper
Laundry 8x5 Upper

Semi-Annual Property Tax:$1,225
Tax Year:2023
Mandatory HOA Fee:$

Area: 4906 - Marion - Franklin
Subdivision: No Subdivision
Zip Code:46237

Total Sq. Ft.:2,755
Interior Features:Attic Access, Raised Ceiling(s), Entrance Foyer, Windows Thermal, Wood Work Painted
Eating Area(s):Breakfast Room, Formal Dining Room
Appliances:Dishwasher, Electric Water Heater, MicroHood, Electric Oven, Refrigerator
Exterior Type:Vinyl Siding
Fireplace(s):Dining Room, Family Room, Insert, Woodburning Fireplce
Cool:Central Electric
Heat:Electric, Forced Air, Heat Pump, Wood Stove
Water Heater:Dishwasher, Electric Water Heater, MicroHood, Electric Oven, Refrigerator
Total Rooms:11
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 Todd Campbell with United Real Estate Indpls from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/13/2024 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

81
Avg. DOM

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 1369 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.