NOT LISTED FOR SALE

2575 Inverness Point Richmond, IN 47374

Estimated Value: $486,000 - $844,000

5 Beds
3.5 Baths
4,472 Sq Ft
$160/Sq Ft Est. Value

Last Sold April 03, 2023

Last sale price $760,000 $170 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,342/month

2 Days on Market

Highlights

  • In Ground Pool
  • Contemporary Architecture
  • Den
  • Deck
  • Hydromassage or Jetted Bathtub
  • Covered Patio or Porch

About This Home

As of April 2023

Prime Location next to Forest Hills Country Club! Quiet/low traffic area in Southeast Richmond. Forest Glen Estates is a highly desirable Gated Community of custom homes on large lots. Rare find, won't last! Over 2.5 Acres on a cul-de-sac. Stunning, new, custom in ground pool! Amazing five car attached garage. Large, open formal entry. Main level laundry. Main level master suite with stunning tiles in the walk-in shower. Kitchen with huge island & casual seating is open to the living room with gas fireplace. New deck & screened porch off of kitchen/living room. Formal dining room with beautiful coffered ceilings & recessed lighting. Main level half bathroom. Massive, finished, walk-out lower level with full windows. Lower level has family room with wet bar & doors to the lower level rear patio & yard. The second master suite is on the lower level with a jetted tub and huge tiled walk-in shower. Also on the lower level is bedroom five (great for office or play room), media room with built-in surround sound & exercise/bonus room. See Attachments in MLS for additional details!! Listed Taxes show Homestead Exemption only. Listed Square Feet includes 2,236 in Finished Lower Level. Text 1090963 to 35620 for more information and photos.

Last Agent to Sell the Property

Rebecca Cate

Better Homes and Gardens First Realty Group License #RB14036877 Listed on: 02/06/2023

Better Homes and Gardens First Realty Group

Last Buyer's Agent

Rebecca Cate

Better Homes and Gardens First Realty Group License #RB14036877 Listed on: 02/06/2023

Better Homes and Gardens First Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,584

Year Built

  • Built in 2011

Lot Details

  • 2.6 Acre Lot

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 4,472 Sq Ft Home
  • Gas Fireplace
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Den
  • First Floor Utility Room

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathroom on Main Level
  • Hydromassage or Jetted Bathtub

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 5 Car Attached Garage
  • Driveway

Outdoor Features

  • In Ground Pool
  • Deck
  • Covered Patio or Porch

Schools

  • Charles Elementary School
  • Test/Dennis Middle School
  • Richmond High School

Utilities

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

Community Details

  • Forest Glen Est Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,584

Year Built

Built in 2011

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • OFFICELIST_ADDRESS: 2575 Inverness Point
  • Estimated Year Built: 2011
  • Association Fee: 500
  • Association Fees Per Q M Y: Year
  • Bank Corporate Owned: No
  • Estimated Basement Size: Walk-out
  • Estimated Size Bathroom 1: 15X7
  • Bathroom 1 Comments: Master #1
  • Estimated Size Bathroom 2: 15X13
  • Bathroom 2 Comments: Master #2
  • Estimated Size Bedroom 1: 17X16
  • Bedroom 1 Comments: Master #1
  • Estimated Den Study Size: 16X13
  • Den Study Comments: Bedroom #5
  • Den Study Level: L
  • Estimated Dining Room Size: 15X12
  • Dining Room Comments: Coffered Ceilings
  • Dining Rm Level: M
  • Directions: E Main St - S 23rd St - left on Edinburgh - right on Inverness
  • E X E M P T: Homestead Credit
  • Family Room Estimated Size: 23X20
  • Family Rm Comments: Wet Bar
  • Family Room Level: L
  • F I N A N C I N G O F F E R E D: Cash, Conventional, FHA, FHA 1st Buyer, VA
  • Geo Address Line: 2575 Inverness Pt
  • Geo Longitude: -84.867445
  • Geo Primary City: Richmond
  • Geo Quality: 0.95
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • Improvements Valuation: $499,100
  • Kitchen Level: M
  • Land Valuation: $128,100
  • Estimated Living Room Size: 17X16
  • Living Rm Comments: Gas Fireplace
  • Living Rm Level: M
  • Other Rm1 Approx Size: 24X13
  • Other Rm1 Comments: Formal entry
  • Other Rm1 Level: M
  • Other Rm2 Approx Size: 20X15
  • Other Rm2 Comments: Exercise/bonus
  • Other Rm2 Level: L
  • Other Rm3 Approx Size: 20X15
  • Other Rm3 Comments: Media Room
  • Other Rm3 Level: L
  • OFFICELIST_STATE: IN
  • Building Stories: 1
  • Building Style: Contemporary, Ranch
  • FILLSUBDIVISION: Forest Glen Est
  • Taxes Half: $2,812
  • Total Assessed Value: 627300
  • Estimated Utility Room Size: Expanded
  • Utility Room Comments: Off garage
  • Utility Room Level: M
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0
  • Year Built: 2011

Interior Features

  • Appliances Included: Dishwasher, Disposal, Microwave-Built In, Range-Electric, Refrigerator
  • Bedroom 1 Level: M
  • Bedroom 2 Comments: Master #2
  • Bedroom 3 Comments: Two closets
  • Bedroom 4 Comments: Walk-in closet
  • Bathroom 1 Level: M
  • Bathroom 2 Level: L
  • Primary Bathroom: Yes
  • Kitchen Comments: Casual Seating Area
  • Amenities: In-Ground Pool, Jetted Tub
  • Has Basement: Yes, Full Basement, Finished, Walk Out
  • Basement Percentage Finished: 100%
  • Estimated Size Bedroom 2: 15X14
  • Bedroom 2 Level: L
  • Estimated Size Bedroom 3: 13X13
  • Bedroom 3 Level: M
  • Estimated Size Bedroom 4: 13X13
  • Bedroom 4 Level: M
  • Lower Floor 1 Bedrooms: 5
  • Fireplace: Gas Log, 1
  • Lower Floor 1 Half Bathrooms: 1
  • Estimated Kitchen Size: 23X16
  • Price Per S Q F T: 169.95
  • Basement Type: Single Family

Exterior Features

  • Exterior Construction: Block
  • Exterior: Brick
  • Foundation: Basement
  • Porch/Deck Type: Covered, Deck, Patio
  • Roof Age: 2011
  • Roof Type: Shingle

Garage/Parking

  • Driveway: Concrete
  • Garage Capacity: 5+
  • Garage Type: Garage-Attached

Utilities

  • Air Conditioner: Central Air
  • Electric Company: Richmond Power & Light
  • Gas Company: CenterPoint/Vectren
  • Heat Type: Gas, Forced Air
  • Sewer: City
  • Hot Water: City

Fee Information

  • Tax Class: RESIDENTIAL

Schools

  • Elementary School: Charles
  • High School: Richmond
  • Middle School: Test/Dennis

Lot Info

  • Geo Update Timestamp: 2023-02-06
  • Estimated Number Acres: 2.603
  • Land Contract: No
  • Lot Size: 2.603 Acres
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2023
Closed on
Apr 3, 2023
Sold by
Scheiben Justin A and Scheiben Jodie E
Bought by
Ingram Michael and Ingram Mackenzie
Seller's Agent
Rebecca Cate
Better Homes and Gardens First Realty Group
Buyer's Agent
Rebecca Cate
Better Homes and Gardens First Realty Group
List Price
$775,000
Sold Price
$760,000
Premium/Discount to List
-$15,000
-1.94%
Views
62
Current Estimated Value
$716,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,494
Avg. Annual Appreciation
-2.27%
Original Mortgage
$608,000
Outstanding Balance
$590,218
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$126,288

Purchase Details

Listed on
May 2, 2017
Closed on
Sep 9, 2017
Sold by
Ramachandran Ganeshan
Bought by
Scheiben Justin A and Scheiben Jodie E
Seller's Agent
Rebecca Cate
Better Homes and Gardens First Realty Group
Buyer's Agent
Tracie Robinson
Better Homes and Gardens First Realty Group
List Price
$549,900
Sold Price
$525,000
Premium/Discount to List
-$24,900
-4.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$420,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2012
Sold by
Trademark Construction Llc
Bought by
Ramanchandran Ganeshan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2011
Sold by
Forest Pines Properties Llc
Bought by
Trademark Construction Llc
Source: Public Records

Range of Values:

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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
Ingram Michael $760,000 --
Scheiben Justin A -- None Available
Ramanchandran Ganeshan -- None Available
Trademark Construction Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ingram Michael $608,000
Previous Owner Scheiben Justin A $420,000
Previous Owner Ramanchandran Ganeshan $408,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2023 04/03/23 Sold $760,000 -1.9% $170 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $775,000 +47.6% $173 / Sq Ft
09/14/2017 09/14/17 Sold $525,000 -4.5% $117 / Sq Ft View Prior Sale
07/13/2017 07/13/17 Pending -- -- --
05/02/2017 05/02/17 For Sale $549,900 -- $123 / Sq Ft
Source: Richmond Association of REALTORS®

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 $6,584 $655,300 $74,300 $581,000
2023 $6,759 $635,700 $65,100 $570,600
2022 $6,047 $564,200 $65,100 $499,100
2021 $5,615 $521,400 $65,100 $456,300
2020 $4,955 $490,600 $65,100 $425,500
2019 $4,952 $490,600 $65,100 $425,500
2018 $4,950 $490,600 $65,100 $425,500
2017 $4,948 $490,600 $65,100 $425,500
2016 $9,824 $490,500 $65,100 $425,400
2014 $10,371 $518,100 $54,700 $463,400
2013 $10,371 $501,400 $54,700 $446,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Richmond Association of REALTORS®

MLS Number: 10045668

APN: 89-18-15-100-101.022-029