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575 Somerset Drive Video

https://www.addisongroupcreations.com/RE/2024/Q3/575-Somerset-Drive-W/n-cszsT9/i-Brcm4nC/A

$2,599,000 $151,000on 6/24/2024

575 Somerset Drive W Indianapolis, IN  46260

  • 5 Beds
  • 7 Baths
  • 10,116 sq. Ft
EXPLORE TUCKER LUXURY

Property Description for 575 Somerset Drive W Indianapolis, IN 46260

Nestled within the coveted Somerset Hills neighborhood atop a lushly landscaped, wooded retreat, this exquisite residence offers privacy and serenity from the daily bustle. Every detail of this impeccable home has been thoughtfully designed to offer unparalleled elegance and functionality. Upon entering, the great room captivates with its 16' vaulted, beamed ceiling, marble fireplace, and expansive windows that bring the outdoors in. Awash in natural light, the gourmet kitchen showcases marble countertops, custom cabinetry, upscale appliances, and dining area with patio access. Revel in the comfort of your main level primary suite with lavish bath and tranquil views. Also tucked away on the main level is a guest bedroom with its own bath and a cozy living room off the entry. Three generously appointed bedrooms, two full baths, and spacious loft with wet bar are located upstairs. The recently finished walkout lower level lends itself to family fun and entertainment with a spacious rec room, home office, golf simulator room which doubles as a home theater, luxurious bath with steam shower, and abundant storage. For the fitness enthusiast, the home boasts a regulation 25 meter indoor lap pool with pool bath and separate laundry room.

Address:575 Somerset Drive W Indianapolis IN 46260
Status:Active
on site: 31 days
Price:$2,599,000
Bedrooms:5 Beds
Bathrooms:6 Full Baths, 1 Half Baths
Sq. Feet:10,116
Year Built:2012
Lot Size:1.14
County: Marion
Township: Washington
MLS #:21981667
Property Type:Single Family Residence
Buyer Broker Compensation: 2%
Any compensation may only be paid to a licensed real estate broker.

Lot Dimensions:49440
Lot Features:Mature Trees, Wooded
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :5,132
Upper Level Sq. Ft. :1,932
Total Sq. Ft. :10,116
Basement:Yes

Loan Price
$16,362
Price And Interest $13,558/month
Property Tax $1,721/month
MTG INS $0/month
HOME INS $1,083/month
Price
$2,599,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$1,721/month
Home Owner Insurance
$12,996 / year
HOA Dues
$50 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
06/24/24 $2,750,000 $2,599,000 -5.49%

RoomSizeLevel
Kitchen 28x18 Main
Family Room 22x19 Main
Living Room 16x15 Main
Bonus Room 25x19 Upper
Primary Bedroom 17x15 Main
Bedroom 2 16x15 Main
Bedroom 3 16x15 Upper
Bedroom 4 16x14 Upper
Bedroom 5 15x11 Upper
Play Room 39x27 Basement
Office 17x11 Basement
Bonus Room 23x15 Basement

Semi-Annual Property Tax:$10,326
Tax Year:2023
Mandatory HOA Fee:$600
HOA Fee Paid:Annually

Area: 4903 - Marion - Washington
Subdivision: Somerset Hills
Zip Code:46260

Total Sq. Ft.:10,116
Interior Features:Built In Book Shelves, Cathedral Ceiling(s), Center Island, Hardwood Floors, Pantry, Walk-in Closet(s), Wet Bar
Interior Area(s):Bedroom Other on Main, Family Room 2nd Story, Living Room Formal
Eating Area(s):Dining Combo/Kitchen
Appliances:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Double Oven, Gas Oven, Refrigerator, Washer, Water Softener Owned
Equipment:Generator, Security Alarm Monitored, Smoke Alarm, Sump Pump w/Backup
Exterior Features:Sprinkler System
Exterior Type:Brick, Stone
Fireplace(s):Family Room
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Double Oven, Gas Oven, Refrigerator, Washer, Water Softener Owned
Total Rooms:15
EXPLORE TUCKER LUXURY
Bif Ward, REALTOR®/Broker, F. C. Tucker Company
Bif Ward
Phone (317) 590-7871
Additional Phone (317) 844-4200
F.C. Tucker Company
Casey Lewis, REALTOR®/Broker, F. C. Tucker Company
Co-Listing Agent
Casey Lewis
(317) 590-7865
Bif Ward Real Estate Group

Schools in 575 Somerset Drive W Indianapolis, IN  46260


Get more information

Listing provided courtesy of Bif Ward with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 06/12/2024 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

76
Avg. DOM
$162.21
Avg. $ / Sq.Ft.
$ 280,000
Med. List Price

The house prices in Indianapolis are not dropping at the moment. There has been a increase in price of $10,914.14. 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 Up. The average house price is $285,000.00 and the average price per square feet is $160.84 per square feet. At the moment, the amount of homes listed is exactly 12539 houses, with 1820 with active status, 1418 with pending status and 9301 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 $3,396.72. 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 76 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 1057 minutes ago.

At the moment we have 188 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 1850 and the newest built house is in year 2024.

The average size of properties in Indianapolis is 2252.88 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.