NOT LISTED FOR SALE

Estimated Value: $336,059 - $367,000

2 Beds
2 Baths
1,201 Sq Ft
$420/mo HOA Fee

Last Sold April 19, 2023

Last sale price $310,000 $258 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,652/month

Highlights

  • Gated Parking
  • Gated Community
  • Community Lake
  • Hinkle Creek Elementary School Rated A-
  • Waterfront
  • Vaulted Ceiling

About This Home

As of April 2023

LUXURY LAKEFRONT CONDO IN GATED COMMUNITY ON MORSE RESERVOIR! YOUR BOAT DOCK IS JUST STEPS AWAY!! END UNIT WITH MORE SQUARE FOOTAGE, ADDED WINDOWS & LOTS OF LIGHT. CUSTOM DETAILS INCLUDE CROWN MOLDING, BUILT-IN BOOKSHELVES WITH STORAGE BENCH, ELECTRIC AIR STONE FIREPLACE, PLANTATION SHUTTERS, GRANITE, AND STAINLESS. ONE OF THE LARGER UNITS THIS ONE COMES WITH TWO BEDROOMS AND TWO FULL BATHS. AS AN ADDED BONUS, THIS IS ALSO ONE OF THE FEW WITH TWO PARKING SPACES IN THE SECURE, HEATED, PARKING GARAGE. TAKE THE ELEVATOR TO YOUR FLOOR OR USE THE STEPS. GARAGE AND STORAGE UNIT STEPS ARE CONVENIENTLY CLOSE TO CONDO. THIS WOULD BE A WONDERFUL RETREAT OR YEAR-ROUND RESIDENCE.

Last Agent to Sell the Property

Pat Haddad

Realty World Indy License #RB14023803 Listed on: 01/31/2023

Realty World Indy

Last Buyer's Agent

Steve Meeker

Meeker Real Estate Inc. License #RB14033503

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,244

Year Built

  • Built in 2007

Lot Details

  • Waterfront
  • 1 Common Wall

HOA Fees

  • $420 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Heated Garage
  • Gated Parking
  • Guest Parking
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,201 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Woodwork
  • Vaulted Ceiling
  • Paddle Fans
  • Electric Fireplace
  • Thermal Windows
  • Great Room with Fireplace
  • Family or Dining Combination
  • Laundry in unit

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Balcony
  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 312
  • Assessor Parcel Number 290615009027000013

Community Details

Overview

  • Association fees include home owners, common cooling, sewer, insurance, ground maintenance, maintenance structure, snow removal, trash
  • Association Phone (317) 262-4989
  • Villas On Morse Lake Subdivision
  • Property managed by PMI Meridian Association
  • Community Lake

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,244

Year Built

Built in 2007

Lot Details

0

HOA Fees

$420 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Multi-Level
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 2007
  • Building Area Total: 1201
  • Garage Y N: Yes
  • Subdivision Name: Villas On Morse Lake
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Website: www.haddadteam.com
  • Accessibility Features YN: No
  • Floor Number: 1
  • Lifestyles: Other/See Remarks
  • Unit Entry Level: 2
  • F H A Certified: No
  • MBR_AttributionContact: pat@haddadteam.com
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Basement: No
  • Appliances: Dishwasher, Electric Water Heater, Disposal, MicroHood, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Electric, Great Room
  • Fireplaces: 1
  • Interior Amenities: Built In Book Shelves, Raised Ceiling(s), Center Island, Elevator, Paddle Fan, Hardwood Floors, Hi-Speed Internet Availbl, Pantry, Walk-in Closet(s), Windows Thermal, Wood Work Painted
  • Living Area: 1201
  • Main Level Bedrooms: 2
  • Other Equipment: Smoke Alarm
  • Spa Y N: No
  • Areas Interior: Laundry in Unit
  • Eating Area: Dining Combo/Great Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1201
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Direction Faces: West
  • Exterior Features: Balcony, Dock, Other
  • Foundation Details: Poured Concrete
  • List Price: 320000
  • Patio And Porch Features: Covered Porch
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Assigned, Gated, Guest Parking, Heated, Storage
  • Fuel: No Fuel Source
  • Garage Parking Other: Garage Door Opener

Utilities

  • Utilities: Cable Connected, Sep Electric Meter
  • Cooling: Central Electric, Heat Pump
  • Electric: 200+ Amp Service
  • Heating: Forced Air, Heat Pump
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association Amenities: Boat Dock, Elevator(s), Gated, Maintenance Grounds, Maintenance Structure, Management, Parking, Security, Storage
  • Association Fee: 420
  • Association Fee Frequency: Monthly
  • Association Phone: 317-262-4989
  • Association YN: Yes
  • Community Features: Gated, Lake, Street Lights
  • Management Company Name: PMI Meridian Association
  • H O A Disclosures: Covenants & Restrictions,Rules & Regulations
  • Condo Description Location: Building Common Entry,Upper Level
  • Condo Type: Horizontal

Fee Information

  • Association Fee Includes: Association Home Owners, Common Cooling, Sewer, Entrance Common, Insurance, Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash

Lot Info

  • Lot Features: Gated Community, See Remarks
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Parcel Number: 290615009027000013
  • Acres: CndHPRCoop

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3244
  • Tax Lot: 312
  • Semi Annual Property Tax Amt: 1622
  • Tax Exemption: Homestead Tax Exemption,Mortage Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
Apr 19, 2023
Sold by
Policka Michael P
Bought by
Radin Philip and Radin Alicia
Seller's Agent
Pat Haddad
Realty World Indy
Buyer's Agent
Steve Meeker
Meeker Real Estate Inc.
List Price
$329,000
Sold Price
$310,000
Premium/Discount to List
-$19,000
-5.78%
Views
209
Current Estimated Value
$345,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,246
Avg. Annual Appreciation
3.64%
Original Mortgage
$210,000
Outstanding Balance
$205,557
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$131,107

Purchase Details

Closed on
Apr 12, 2017
Sold by
Stuck Bradley R and Stuck Amy Kuhl
Bought by
Policka Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,300
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 2012
Sold by
Catalyst Ht Llc
Bought by
Stuck Bradley R and Kuhl Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,945
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 15, 2009
Sold by
Fifth Third Bank
Bought by
Catalyst Ht Llc

Purchase Details

Closed on
Jul 9, 2009
Sold by
Harbour Town Ventures Ii Llc
Bought by
Fifth Third Bank
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
Radin Philip $310,000 None Listed On Document
Policka Michael P -- None Available
Stuck Bradley R -- None Available
Catalyst Ht Llc -- Ctic
Fifth Third Bank $6,100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Radin Philip $210,000
Previous Owner Policka Michael P $168,300
Previous Owner Stuck Bradley R $137,945
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $310,000 -3.1% $258 / Sq Ft
03/03/2023 03/03/23 Price Changed $320,000 -2.7% $266 / Sq Ft
01/31/2023 01/31/23 For Sale $329,000 -- $274 / Sq Ft
01/16/2023 01/16/23 Pending -- -- --
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 $4,099 $297,600 $78,800 $218,800
2023 $4,099 $330,800 $78,800 $252,000
2022 $2,934 $255,200 $0 $255,200
2021 $2,934 $232,300 $0 $232,300
2020 $2,955 $227,700 $0 $227,700
2019 $2,392 $194,800 $0 $194,800
2018 $2,312 $184,700 $0 $184,700
2017 $2,133 $177,800 $0 $177,800
2016 $1,904 $161,400 $0 $161,400
2014 $1,933 $163,100 $0 $163,100
2013 $1,933 $157,000 $0 $157,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21903704

MIBOR Broker Listing Cooperative®

APN: 29-06-15-009-027.000-013