NOT LISTED FOR SALE

1112 Reserve Way Unit 1112 Indianapolis, IN 46220

Broad Ripple Neighborhood

Estimated Value: $352,106 - $378,000

3 Beds
2 Baths
1,976 Sq Ft
$183/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $259,900 $132 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,385/month

5 Days on Market

Highlights

  • Vaulted Ceiling
  • Outdoor Water Feature
  • 2 Car Attached Garage
  • Traditional Architecture
  • Community Pool
  • Walk-In Closet

About This Home

As of August 2019

Rare END UNIT in a beautiful well maintained community which is steps away from the Monon Trail and Broad Ripple Village. This home features 3 bedroom 2 bath with amazing light because of the end unit windows. Kitchen has granite counter tops and stainless steel appliances. Laundry has newer Maytag washer and dryer and overhead cabinets. Master bedroom has vaulted ceilings, fan, and a walk in closet with custom shelving. Master bath has granite counters and tile floors. Because of this being an end unit the living room has extra square footage and vaulted ceilings. The loft area is another entertaining area with custom shelving. This neighborhood features a community pool, pond and a courtyard. Taxes are based on home being a rental

Last Listed By

Marc Lusby

Right Choice Realty, L.L.C. License #RB14027630 Listed on: 07/07/2019

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2004

Lot Details

  • 2,335 Sq Ft Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Window Screens
  • Combination Kitchen and Dining Room
  • Attic Access Panel
  • Finished Basement

Kitchen

  • Electric Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Water Feature

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 490336123054000801

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure, nature area, pool, management, snow removal, trash, sewer
  • Reserve At Broad Ripple Subdivision
  • Property managed by Kirkpatrick Management
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 2004
  • Garage Y N: Yes
  • Lot Size Acres: 0.0536
  • Subdivision Name: RESERVE AT BROAD RIPPLE
  • Inspection Warranties: Not Applicable
  • Property Description: Rare END UNIT in a beautiful well maintained community which is steps away from the Monon Trail and Broad Ripple Village. This home features 3 bedroom 2 bath with amazing light because of the end unit windows. Kitchen has granite counter tops and stainless steel appliances. Laundry has newer Maytag washer and dryer and overhead cabinets. Master bedroom has vaulted ceilings, fan, and a walk in closet with custom shelving. Master bath has granite counters and tile floors. Because of this being an end unit the living room has extra square footage and vaulted ceilings. The loft area is another entertaining area with custom shelving. This neighborhood features a community pool, pond and a courtyard. Taxes are based on home being a rental
  • Transaction Type: Sale
  • Floor Number: 0
  • Lifestyles: Townhouse
  • Unit Entry Level: 1
  • Special Features: None

Interior Features

  • Basement: No
  • Basement Type: 9 feet+Ceiling, Finished Walls
  • Appliances: Dishwasher, Dryer, Disposal, MicroHood, Electric Oven, Refrigerator, Washer
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access, Raised Ceiling(s), Vaulted Ceiling(s), Walk-in Closet(s), Screens Complete
  • Living Area: 1976
  • Other Equipment: Smoke Detector
  • Room Count: 8
  • Areas Interior: Foyer - 2 Story,Laundry Room Main Level,Utility Room
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1976
  • Main Level Sq Ft: 1146
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in
  • Total Sq Ft: 1976
  • Kitchen Features: Breakfast Bar,Pantry
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 830
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Brick, Wood Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete, Pool Community, Irrigation System, Water Feature Fountain
  • Foundation Details: Block
  • List Price: 259900
  • Association Maintained Building Exterior: 1
  • Construction Stage: Completed
  • Porch: Balcony,Covered Porch

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Attached
  • Garage Parking Other: Garage Door Opener,Finished Garage,Guest Parking Premises,Storage Area

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Available,Gas Connected,High Speed Internet Avail
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: Kirkpatrick Management
  • Management Company Phone: 317-594-5720
  • H O A Disclosures: Covenants & Restrictions
  • Condo Description Location: Building Private Entry,Ground Level
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Insurance, Insurance, Maintenance Grounds, Maintenance Structure, Nature Area, Pool, Management, Snow Removal, Trash, Sewer
  • Mandatory Fee: 240

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 490336123054000801
  • Acres: <1/4 Acre
  • Lot Information: Corner,Riverfront,Sidewalks,Tree Mature
  • Lot Number: Bldg 2
  • Lot Size: 2335

Green Features

  • Green Certification Y N: 0
  • Smart Home Features: Thermostat - Programmable,Thermostat - WiFi

Tax Info

  • Tax Annual Amount: 6580
  • Semi Annual Property Tax Amt: 3290
  • Tax Exemption: None

MLS Schools

  • School District: Washington Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2019
Closed on
Aug 9, 2019
Sold by
Walker R Brett
Bought by
Cordell Alexander
Seller's Agent
Marc Lusby
Right Choice Realty, L.L.C.
Buyer's Agent
Alex Montagano
eXp Realty, LLC
List Price
$259,900
Sold Price
$259,900
Total Days on Market
5
Current Estimated Value
$361,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,877
Avg. Annual Appreciation
5.88%
Original Mortgage
$207,920
Outstanding Balance
$184,059
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$177,718

Purchase Details

Listed on
Jul 8, 2016
Closed on
Jun 17, 2016
Sold by
Rb Walker Llc
Bought by
Walker R Brett
Seller's Agent
Cory Danner
Kirk Realty Group, LLC
Buyer's Agent
Benjamin Wade
Sold Price
$1,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2016
Sold by
Walker R Brett
Bought by
Rb Walker Llc

Range of Values:

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Average Value
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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
Cordell Alexander -- None Available
Walker R Brett -- Servicelink
Rb Walker Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordell Alexander $207,920
Previous Owner Walker R Brett $150,000
Previous Owner Walker R Brett $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2019 08/09/19 Sold $259,900 0.0% $132 / Sq Ft
07/13/2019 07/13/19 Pending -- -- --
07/07/2019 07/07/19 For Sale $259,900 0.0% $132 / Sq Ft
08/02/2016 08/02/16 Rented $1,875 0.0% --
07/21/2016 07/21/16 Under Contract -- -- --
07/08/2016 07/08/16 For Rent $1,875 -- --
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 $4,318 $340,500 $26,700 $313,800
2023 $4,318 $357,600 $26,800 $330,800
2022 $3,985 $327,200 $26,700 $300,500
2021 $3,385 $285,600 $26,500 $259,100
2020 $3,359 $282,300 $26,400 $255,900
2019 $3,520 $289,800 $26,500 $263,300
2018 $6,628 $276,200 $26,500 $249,700
2017 $5,380 $251,200 $26,400 $224,800
2016 $5,074 $242,000 $26,300 $215,700
2014 $5,174 $239,300 $26,900 $212,400
2013 $5,260 $253,000 $27,100 $225,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21651666

MIBOR Broker Listing Cooperative®

APN: 49-03-36-123-054.000-801