5609 Sweet River Dr Indianapolis, IN 46221
Valley Mills Neighborhood
3
Beds
2
Baths
1,232
Sq Ft
6,578
Sq Ft Lot
Highlights
- Mature Trees
- Neighborhood Views
- 2 Car Attached Garage
- Ranch Style House
- Covered patio or porch
- Eat-In Kitchen
About This Home
As of May 2025This affordable ranch home offers a fantastic opportunity, whether as a primary residence, investment property, or a quick fix and flip! Great location being just minutes from the airport and commute routes, but part of a quiet neighborhood! This property is ideal for DIY enthusiasts or investors seeking a manageable project with great potential. Most of what is needed in this home is simply cosmetic but doesn't have to be done right away, which makes for easy sweat equity! The layout and bones of the home are strong! All the appliances stay and are in good condition. The backyard has room for pets, gardening, or future improvements and is fully fenced in. The patio is a great compliment to summer barbeques or a relaxing morning drinking coffee. Come see the possibilities and envision the transformation that awaits!
Last Agent to Sell the Property
CrestPoint Real Estate Brokerage Email: patrick@CrestPointIndy.com License #RB15001255 Listed on: 04/24/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,988
Year Built
- Built in 2005
Lot Details
- 6,578 Sq Ft Lot
- Mature Trees
HOA Fees
- $18 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Ranch Style House
- Traditional Architecture
- Slab Foundation
- Vinyl Construction Material
Interior Spaces
- 1,232 Sq Ft Home
- Woodwork
- Vinyl Clad Windows
- Window Screens
- Entrance Foyer
- Neighborhood Views
- Attic Access Panel
Kitchen
- Eat-In Kitchen
- Electric Oven
- Recirculated Exhaust Fan
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Covered patio or porch
- Shed
- Storage Shed
Schools
- Decatur Middle School
Utilities
- Forced Air Heating System
- Water Heater
Community Details
- Association fees include home owners, maintenance, parkplayground, management
- Association Phone (317) 614-7200
- River Run Subdivision
- Property managed by Eagle Property Solutions
Listing and Financial Details
- Legal Lot and Block 814 / 9
- Assessor Parcel Number 491301115036000200
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 24, 2025
Closed on
May 19, 2025
Sold by
Hynes Sandra L
Bought by
Feros Restoration Llc
Seller's Agent
Patrick Keller
CrestPoint Real Estate
Buyer's Agent
Jahhaira Ospina
Victory Realty Team
List Price
$205,000
Sold Price
$173,000
Premium/Discount to List
-$32,000
-15.61%
Views
41
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
94.55%
Original Mortgage
$155,000
Outstanding Balance
$129,258
Interest Rate
1.7%
Mortgage Type
Construction
Estimated Equity
$63,180
Purchase Details
Closed on
Nov 13, 2005
Sold by
Beazer Homes Indiana Llp
Bought by
Hynes Steven R and Hynes Sandra L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,158
Interest Rate
6.13%
Mortgage Type
FHA
Similar Homes in Indianapolis, IN
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 | -- | Chicago Title | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $155,000 | Construction | |
| Previous Owner | $94,158 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Pending | -- | -- | -- |
| 07/11/2025 07/11/25 | For Sale | $254,900 | +47.3% | $207 / Sq Ft |
| 05/19/2025 05/19/25 | Sold | $173,000 | -15.6% | $140 / Sq Ft |
| 04/29/2025 04/29/25 | Pending | -- | -- | -- |
| 04/24/2025 04/24/25 | For Sale | $205,000 | -- | $166 / 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 | $2,275 | $219,900 | $15,200 | $204,700 |
| 2023 | $2,275 | $196,000 | $15,200 | $180,800 |
| 2022 | $2,092 | $176,700 | $15,200 | $161,500 |
| 2021 | $1,775 | $151,400 | $15,200 | $136,200 |
| 2020 | $1,532 | $137,600 | $15,200 | $122,400 |
| 2019 | $1,492 | $125,300 | $15,200 | $110,100 |
| 2018 | $1,365 | $115,800 | $15,200 | $100,600 |
| 2017 | $1,272 | $107,500 | $15,200 | $92,300 |
| 2016 | $1,187 | $100,600 | $15,200 | $85,400 |
| 2014 | $1,012 | $93,600 | $15,200 | $78,400 |
| 2013 | $886 | $88,600 | $15,200 | $73,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jahhaira Ospina
J
Seller's Agent in 2025
Jahhaira Ospina
Victory Realty Team
(317) 515-9919
1 in this area
43 Total Sales
-
Patrick Keller
Seller's Agent in 2025
Patrick Keller
CrestPoint Real Estate
(317) 364-5858
3 in this area
462 Total Sales
-
Duangdao Richmond
Buyer's Agent in 2025
Duangdao Richmond
New Quantum Realty Group
(412) 979-1818
68 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22033930
APN: 49-13-01-115-036.000-200
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.
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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