2027 Gerrard Avenue Speedway IN 46224 (House For Sale) | MLS 22111877
Frequently Asked Questions
Are house prices dropping in Speedway?
The house prices in Speedway are indeed dropping at the moment. There has been a decrease in price of $31,509.52. 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.
What is the housing market like in Speedway at this time?
The housing market and house prices in Speedway are going down. The average house price is $367,250.00 and the average price per square feet is $178.70 per square foot. At the moment, there are 67 homes listed - 6 active, 7 pending, and 54 sold in Speedway.
What is the most popular place to buy a house in Speedway?
The most popular place to buy a home in Speedway is 4909 - Marion - Wayne. 4909 - Marion - Wayne has the most properties listed and appears to have the highest demand.
What is the amount of property taxes you have to pay for a house in Speedway?
The average amount of property taxes you would have to pay for a home in Speedway is $3,795.00. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.
How fast are houses listed in Speedway being sold?
Properties in Speedway stay on the market for an average of 74 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.
How often are houses listed for sale in Speedway?
The last home listed in Speedway was 1251 minutes ago.
Can you visit houses in Speedway?
Currently, there are 0 open houses available for viewing in Speedway.
What is the most expensive house in Speedway?
The cost of the most expensive home in Speedway is $615,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.
What is the cheapest house in Speedway?
The cost of the cheapest home in Speedway is $233,850.00. Buying a cheaper home can keep payments low and leave room for customization.
How old are the homes in Speedway?
The oldest home in Speedway was built in 1927, and the newest in 1991.
How big are the homes in Speedway?
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The average property size in Speedway is 2577.67 sq.ft., the largest being 5767 sq.ft., and the smallest being 1056 sq.ft.
Additional Details
Property Details
Lot Dimensions:
6578
Lot Features:
Curbs, Street Lights
Water Source:
Public
Main Level Sq. Ft.:
798
Total Sq. Ft.:
1, 596
Basement:
Yes
Directions:
GPS Friendly
Interior Features
Attic Access, Paddle Fan
Appliances
Dishwasher, Dryer, Disposal, Gas Water Heater, Micro Hood, Electric Oven, Refrigerator, Washer
Cool
Central Air
Water Heater
Dishwasher, Dryer, Disposal, Gas Water Heater, Micro Hood, Electric Oven, Refrigerator, Washer
Heat
Forced Air, Natural Gas
Total Rooms
7 Rooms
Schools
High School:
Speedway Senior High School
Middle School:
Speedway Junior High School
Elementary School:
James A Allison Elementary Sch 3
Tax and Financial Info
Semi-Annual Property Tax:
$1, 522
Tax Year:
2024
Quick View
Address:
2027 Gerrard Avenue Speedway IN 46224
Status:
Active
On Site:
20 Hrs 51 Mins On Site
Price:
$259, 900
Bedrooms:
3 Beds
Bathrooms:
1 Full Baths
Sq. Feet:
1, 596
Year Built:
1948
Lot Size:
0.15
County:
Marion
Township:
Wayne
MLS #:
22111877
Property Type:
Single Family Residence
Exterior Type
Cement Siding
Community Information
Description
Great opportunity in the heart of Speedway, just blocks from the Indianapolis Motor Speedway. This updated 3 bedroom home has the Speedway charm buyers love, but with a cleaner, more modern feel than many homes in the area. The home was rehabbed about 5 years ago and includes several major newer updates, including electrical, A/C, water heater, windows, cabinets, granite countertops, stainless steel appliances, and vinyl plank flooring throughout. These updates give the home a move-in-ready feel while still keeping the character buyers look for in Speedway. The kitchen has a sharp, updated look with nice cabinet space, granite countertops, stainless steel appliances, and modern finishes. The layout is a big plus for this style of home, offering 3 bedrooms and additional finished space in the basement. The third bedroom includes an egress window, giving the home more flexibility for guests, an office, or extra living space. Outside, the curb appeal stands out right away with a fenced front yard, nice flowerbeds, a mature tree, and a more modern exterior look. The backyard offers two decks, plenty of room to enjoy, and space for a future garage if desired. The back of the lot has also been used for Indy 500 parking while leaving more yard space day to day. A great fit for someone wanting Speedway Schools, close proximity to IMS, and an updated home with character, yard space, and modern finishes.
Source: MIBOR as distributed by MLS GRID, MLS ID: 22111877
Listing provided courtesy of Justin Capps 317-204-8324 with Ferris Property Group
Great opportunity in the heart of Speedway, just blocks from the Indianapolis Motor Speedway. This updated 3 bedroom home has the Speedway charm buyers love, but with a cleaner, more modern feel than many homes in the area. The home was rehabbed about 5 years ago and includes several major newer updates, including electrical, A/C, water h...
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Source: MIBOR as distributed by MLS GRID, MLS ID: 22111877
Listing provided courtesy of Justin Capps 317-204-8324 with Ferris Property Group
Speedway offers convenient car access with quick routes to major highways like I-74 and ample parking options throughout the neighborhood. Public transit includes several bus lines with nearby stops accessible from most houses, complementing the area’s transportation network. Cycling is supported by gently sloping streets, making it a practical choice for local travel. Primary and high schools, both public and private, are situated close to residences, providing strong educational opportunities. The neighborhood’s peaceful atmosphere benefits from low street noise, creating a serene setting. Nearby parks in adjacent areas enhance recreational possibilities, adding natural appeal close to this residential community.
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