Seller's Agent in 2025
Lori Redman
Sold It Realty Group
(317) 370-9413
5 in this area
142 Total Sales
3403 Island Way Indianapolis, IN 46214
Key Meadows Neighborhood
2
Beds
2
Baths
1,416
Sq Ft
7,244
Sq Ft Lot
Highlights
- Lake Front
- Docks
- Deck
- Ben Davis University High School Rated A
- Water Access
- Vaulted Ceiling
About This Home
As of August 2025Welcome to one of the most exceptional homes on the lake in The Islands - a rare opportunity to own a waterfront gem and feel like you are on vacation 24/7 - 365, with approximately 120 feet of lake frontage, one of only three lots like it! Enjoy breathtaking sunsets and water views from nearly every room in the house. This beautifully maintained home features 2 bedrooms plus a versatile flex room, perfect for a 3rd bedroom, office, or hobby space. You'll find three large sliding doors leading to an expansive wood deck overlooking the lake, perfect for entertaining or quiet relaxation. The 2.5-car garage is fully insulated and drywalled, including insulated overhead doors, making it ideal for year-round use. The exterior is professionally landscaped, and the property includes two private docks-one for your boat and one for guests. Inside, enjoy luxury finishes like custom cabinetry and a tiled walk-in shower in the primary suite. A custom nautical-themed fireplace mantle adds charm and character to the great room. Recent updates include; New roof and skylight (2024), Energy-efficient doors and fold-out windows for easy maintenance, freshly painted outdoor trim (2023) and indoor trim (2024), New dimmable recessed lighting (2024) in the kitchen and great room, USB-outfitted electrical outlets (2024) in every room (except kitchen, bath, and garage), Custom entertainment center in the living room, built-in sound system in the office, primary bedroom, great room, kitchen and deck. Whether you're hosting lakeside gatherings or enjoying a peaceful retreat, this home offers the serenity of waterfront living with the convenience of city life. Don't miss your chance to own this one-of-a-kind lakeside paradise and feel like you're on vacation every day!
Last Agent to Sell the Property
Sold It Realty Group License #RB14030289 Listed on: 05/24/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,992
Year Built
- Built in 1990
Lot Details
- 7,244 Sq Ft Lot
- Lake Front
HOA Fees
- $34 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Home Design
- Ranch Style House
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 1,416 Sq Ft Home
- Wired For Sound
- Built-In Features
- Vaulted Ceiling
- Wood Burning Fireplace
- Great Room with Fireplace
- Water Views
- Pull Down Stairs to Attic
- Laundry closet
Kitchen
- Eat-In Kitchen
- Double Oven
- Electric Oven
- Electric Cooktop
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Outdoor Features
- Water Access
- Docks
- Deck
- Covered Patio or Porch
Utilities
- Central Air
- Heating Available
- Electric Water Heater
- High Speed Internet
Community Details
- Association fees include insurance, snow removal
- Association Phone (317) 292-8582
- The Islands Subdivision
- Property managed by Trent Management, LLC
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Legal Lot and Block 70 / 2
- Assessor Parcel Number 490522114006000900
- Seller Concessions Not Offered
Matterport 3D Tour
Floorplan
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2025
Closed on
Aug 15, 2025
Sold by
Nelson Jeffrey R
Bought by
Taylor Amy J and Odmark Gary W
Seller's Agent
Lori Redman
Sold It Realty Group
Buyer's Agent
Lori Redman
Sold It Realty Group
List Price
$428,000
Sold Price
$419,000
Premium/Discount to List
-$9,000
-2.1%
Views
4585
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,882
Avg. Annual Appreciation
-8.86%
Original Mortgage
$411,410
Outstanding Balance
$411,055
Interest Rate
6.74%
Mortgage Type
FHA
Estimated Equity
-$3,937
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $411,410 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Sold | $419,000 | 0.0% | $296 / Sq Ft |
| 07/15/2025 07/15/25 | Pending | -- | -- | -- |
| 06/13/2025 06/13/25 | Price Changed | $419,000 | -2.1% | $296 / Sq Ft |
| 05/24/2025 05/24/25 | For Sale | $428,000 | -- | $302 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $2,619 | $245,100 | $25,000 | $220,100 |
| 2023 | $2,619 | $216,000 | $25,000 | $191,000 |
| 2022 | $2,465 | $201,500 | $25,000 | $176,500 |
| 2021 | $2,288 | $165,800 | $25,000 | $140,800 |
| 2020 | $2,172 | $158,000 | $25,000 | $133,000 |
| 2019 | $2,030 | $148,400 | $25,000 | $123,400 |
| 2018 | $1,637 | $134,900 | $25,000 | $109,900 |
| 2017 | $1,561 | $128,900 | $25,000 | $103,900 |
| 2016 | $1,595 | $131,800 | $25,000 | $106,800 |
| 2014 | $1,285 | $128,500 | $25,000 | $103,500 |
| 2013 | $1,335 | $124,700 | $25,000 | $99,700 |
Source: Public Records
Agents Affiliated with this Home
-
Lori Redman
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22040548
APN: 49-05-22-114-006.000-900
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