NOT LISTED FOR SALE

1057 Reserve Way Indianapolis, IN 46220

Broad Ripple Neighborhood

Estimated Value: $336,000 - $348,000

2 Beds
2 Baths
1,946 Sq Ft
$290/mo HOA Fee

Last Sold May 06, 2024

Last sale price $347,500 $179 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,827/month

6 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Cathedral Ceiling
  • Pool View
  • Traditional Architecture
  • Wood Flooring
  • Community Pool

About This Home

As of May 2024

Meticulously maintained 2BD/2BA unit with prime views of the Monon Trail green space & community pool. The many upgrades include: natural light with 3 skylights in the living room & primary bath, 42" wall cabinets, upgraded SS appliances, new carpet and paint throughout the entire unit. Main level includes a spacious bedroom, full bath, and LR. The living room offers cathedral ceilings, updated ceiling fan, a cozy fireplace, and a Juliette balcony. A loft area has been thoughtfully transformed into a customized office space, ideal for remote work setups. The primary bedroom has vaulted ceilings, 2 WICs, fireplace, a large en-suite with separate tub/shower and a sizeable double vanity. The attached 2-car tandem garage offers convenience and add'l storage. Direct access to the Monon and many restaurants and activities in Broad Ripple.

Last Agent to Sell the Property

Kelly Todd

Compass Indiana, LLC Brokerage Email: kelly.todd@compass.com License #RB14045315 Listed on: 03/29/2024

Compass Indiana, LLC

Last Buyer's Agent

Justin Cave

Smythe & Co, Inc License #RB21000653

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,774

Year Built

  • Built in 2005

Lot Details

  • Sprinkler System

HOA Fees

  • $290 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Common or Shared Parking
  • Side or Rear Entrance to Parking
  • Tandem Parking
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • Multi-Level Property
  • Built-in Bookshelves
  • Cathedral Ceiling
  • Paddle Fans
  • Skylights
  • Living Room with Fireplace
  • 2 Fireplaces
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Pool Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Forced Air Heating System
  • Programmable Thermostat
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 36
  • Assessor Parcel Number 490336123135000801

Community Details

Overview

  • Association fees include home owners, insurance, ground maintenance, maintenance structure, snow removal
  • Association Phone (317) 218-0600
  • Reserve At Broad Ripple Subdivision
  • Property managed by Kirkpatrick

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,774

Year Built

Built in 2005

Lot Details

0

HOA Fees

$290 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Multi-Level, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 2005
  • Building Area Total: 1946
  • Garage Y N: Yes
  • Lot Size Acres: 0.05
  • Subdivision Name: Reserve At Broad Ripple
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Floor Number: 1
  • Lifestyles: Walk Up
  • Unit Entry Level: 1
  • F H A Certified: No
  • MBR_AttributionContact: kelly.todd@compass.com
  • Attribution Contact: kelly.todd@compass.com
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: No
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Gas Oven, Refrigerator, Washer, Water Heater
  • Levels: Multi/Split
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, Primary Bedroom
  • Fireplaces: 2
  • Interior Amenities: Bath Sinks Double Main, Breakfast Bar, Built In Book Shelves, Cathedral Ceiling(s), Center Island, Paddle Fan, Hardwood Floors, Eat-in Kitchen, Pantry, Programmable Thermostat, Skylight(s), Walk-in Closet(s)
  • Living Area: 1946
  • Main Level Bedrooms: 1
  • Other Equipment: Smoke Alarm
  • Spa Y N: No
  • Areas Interior: Laundry in Unit,Utility Room
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1146
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 800
  • ResoLivingAreaSource: Plans
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Balcony, Lighting, Sprinkler System
  • Foundation Details: Poured Concrete
  • List Price: 349900
  • Patio And Porch Features: Open Patio
  • Pool Private Y N: No
  • View: Pool
  • View Y N: Yes
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Common, Garage Door Opener, Rear/Side Entry, Tandem
  • Garage Parking Other: Common Lot,Garage Door Opener

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air
  • Laundry Features: Laundry Room, Main Level
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association Amenities: Barbecue, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Pond Year Round, Pool, Snow Removal, Water
  • Association Fee: 290
  • Association Fee Frequency: Monthly
  • Association Phone: 317-218-0600
  • Association YN: Yes
  • Community Features: Pool, Sidewalks, Street Lights
  • Management Company Name: Kirkpatrick
  • H O A Disclosures: Covenants & Restrictions,Rules & Regulations
  • Condo Description Location: Building Private Entry,Ground Level
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Association Home Owners, Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal

Lot Info

  • Lot Features: Sidewalks, Street Lights
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 2335
  • Parcel Number: 490336123135000801
  • Acres: <1/4 Acre
  • Price Acre: 6950000

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3774
  • Tax Block: 36
  • Tax Lot: 1
  • Semi Annual Property Tax Amt: 1887
  • Tax Exemption: Homestead Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2024
Closed on
May 3, 2024
Sold by
Heim William Alexander and Cashman Lauren Michelle
Bought by
Stephen Eathan Rilley and Lemasters Emma
Seller's Agent
Kelly Todd
Compass Indiana, LLC
Buyer's Agent
Justin Cave
Smythe & Co, Inc
List Price
$349,900
Sold Price
$347,500
Premium/Discount to List
-$2,400
-0.69%
Views
53
Current Estimated Value
$341,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,842
Avg. Annual Appreciation
-0.59%
Original Mortgage
$278,000
Outstanding Balance
$275,292
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$69,551

Purchase Details

Listed on
Jul 28, 2022
Closed on
Sep 8, 2022
Sold by
Teresa L Jump Revocable Trust
Bought by
Heim William Alexander and Cashman Lauren Michelle
Seller's Agent
Nancy Whitfield
F.C. Tucker Company
Buyer's Agent
Kelly Todd
Compass Indiana, LLC
List Price
$360,000
Sold Price
$335,000
Premium/Discount to List
-$25,000
-6.94%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.25%

Purchase Details

Closed on
May 6, 2021
Sold by
Jump Teresa L
Bought by
Jump Teresa L

Purchase Details

Closed on
Aug 19, 2005
Sold by
Westfield Reserve Llc
Bought by
Jump Teresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,990
Interest Rate
5.69%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stephen Eathan Rilley $347,500 None Listed On Document
Heim William Alexander $335,000 Stewart Title
Jump Teresa L -- None Available
Jump Teresa L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephen Eathan Rilley $278,000
Previous Owner Jump Teresa L $159,200
Previous Owner Jump Teresa L $48,375
Previous Owner Jump Teresa L $231,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2024 05/06/24 Sold $347,500 -0.7% $179 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
03/29/2024 03/29/24 For Sale $349,900 +4.4% $180 / Sq Ft
09/12/2022 09/12/22 Sold $335,000 -4.3% $172 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
08/11/2022 08/11/22 Price Changed $350,000 -2.8% $180 / Sq Ft
07/28/2022 07/28/22 For Sale $360,000 -- $185 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,104 $323,100 $26,700 $296,400
2023 $8,104 $339,500 $26,800 $312,700
2022 $3,775 $310,800 $26,700 $284,100
2021 $3,203 $271,200 $26,500 $244,700
2020 $3,178 $268,100 $26,400 $241,700
2019 $3,184 $263,400 $26,500 $236,900
2018 $3,319 $271,900 $26,500 $245,400
2017 $2,700 $249,300 $26,400 $222,900
2016 $2,554 $241,100 $26,300 $214,800
2014 $2,583 $239,100 $26,900 $212,200
2013 $2,614 $251,500 $27,100 $224,400
Source: Public Records

Agents Affiliated with this Home

  • Kelly Todd

    Seller's Agent in 2024

    Kelly Todd

    Compass Indiana, LLC

    (317) 258-5253

    16 in this area

    185 Total Sales

    Kelly Todd
    Section Image

  • J

    Buyer's Agent in 2024

    Justin Cave

    Smythe & Co, Inc

    (317) 441-5744

    2 in this area

    49 Total Sales

    Justin Cave
    Section Image

  • N

    Seller's Agent in 2022

    Nancy Whitfield

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21969601

MIBOR Broker Listing Cooperative®

APN: 49-03-36-123-135.000-801

Indiana Marion County Indianapolis 46220 Broad Ripple

1057 Reserve Way, Indianapolis, IN

This home is located at 1057 Reserve Way, Indianapolis, IN 46220 since 29 March 2024 and is currently estimated at $341,658, approximately $175 per square foot. This property was built in 2005. 1057 Reserve Way is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Arsenal Technical High School, and George Washington Community High School (9-12).

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.

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