NOT LISTED FOR SALE

5885 Magnificent Ln Indianapolis, IN 46234

Estimated Value: $381,000 - $391,000

4 Beds
4 Baths
3,354 Sq Ft
$114/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $340,000 $101 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,458/month

2 Days on Market

Highlights

  • Mature Trees
  • Attached Garage
  • Combination Kitchen and Dining Room
  • Delaware Trail Elementary School Rated A+
  • Patio

About This Home

As of November 2021

Need Space? This 4 BR, 3 Full Bath, 3350+ sq ft has it. This home is nestled on a premium/private lot w/ walking trails and mature trees a backyard oasis, 300sf Patio and Basketball Court! Flex Space on both floors, large upstairs Bonus Room w/ walk-in could be converted to 5th Bedroom. All BRs are large w/ walk-ins. Bedroom 3 has an ensuite. This home features a gas fireplace,3 yr roof, 2nd-story laundry, 3 yr furnace with a backup heat pump, large kitchen w/ coffee bar bonus cabinets, sunroom, very large garage 2 bay w/ add. storage, large pantry w/ storm shelter! Owners suite with a huge walk-in closet, whirlpool tub, and ample room for relaxation, exercise, and pampering. Popular Highlands at Eagle Crossing and Brownsburg Schools.

Last Agent to Sell the Property

Lee Smith

@properties License #RB17001945 Listed on: 10/15/2021

@properties

Co-Listed By

Shane Christopher

eXp Realty, LLC License #RB14027608

Last Buyer's Agent

Manzil Kohli

Vylla Home

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,154

Year Built

  • 2003

Lot Details

  • 10,019

HOA Fees

  • $46 per month

Parking

  • Attached Garage

Additional Features

  • Combination Kitchen and Dining Room
  • Patio
  • Mature Trees
  • Gas Water Heater

Community Details

  • Property managed by M Group Management
  • The community has rules related to covenants, conditions, and restrictions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,154

Year Built

2003

Lot Details

0

HOA Fees

$46 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inspection Warranties: General
  • Transaction Type: Sale
  • Website: https://www.eaglecrossinghoa.com/community
  • Architectural Style: TraditonalAmerican
  • Co List Office Mls Id: MBRREAR01
  • Co List Office Phone: 317-298-0961
  • Directions: I 74 N on Race Way to CR 660N, Turn right - Eagles Landing Drive or S to neighborhood. Take Right on to Graceful Landing Dr and then left on to Magnificent Lane. It will be the 6th home on the left.
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: HIGHLANDS AT EAGLE CROSSING
  • Special Features: None
  • Year Built: 2003

Interior Features

  • Appliances: Disposal, Electric Oven, Refrigerator, MicroHood
  • Fireplace Features: Gas Log, Living Room
  • Areas Interior: Bath Sinks Double Main,Laundry Room Upstairs,Utility Room
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 3354
  • Main Level Sq Ft: 1358
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Kitchen Features: Breakfast Bar,Pantry WalkIn
  • Upper Level Sq Ft: 1996
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Raised Ceiling(s), Walk-in Closet(s), Supplemental Storage
  • Other Equipment: Security Alarm Paid, Smoke Detector, Water-Softener Owned

Exterior Features

  • Exterior Features: Basketball Court, Driveway Concrete, Pool Community
  • Foundation Details: Slab
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio
  • Construction Type: Vinyl With Brick
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Electric,Gas
  • Garage Parking Description: Attached
  • Garage Parking Other: Garage Door Opener,Finished Garage,Storage Area
  • Garage Sq Ft: 634
  • Garage Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Management Company Name: M Group Management
  • Management Company Phone: 317-207-4281
  • H O A Disclosures: Covenants & Restrictions
  • Association Fee: 550
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Insurance, Maintenance, Nature Area, ParkPlayground, Pool, Management, Snow Removal, Walking Trails

Lot Info

  • Acres: <1/4 Acre
  • Lot Information: Tree Mature
  • Lot Number: 125
  • Lot Size: 10,376

Green Features

  • Green Certification Y N: 0

Tax Info

  • Semi Annual Property Tax Amt: 1077
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption
  • Tax Annual Amount: 2154
  • Tax Year: 2020

MLS Schools

  • School District: Brownsburg Community
  • Schools: Brownsburg East Middle,Brownsburg High,Delaware Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Nov 19, 2021
Sold by
Forgrave Jeffrey D and Forgrave Sarah R
Bought by
Shaikh Irfan
Seller's Agent
Lee Smith
@properties
Buyer's Agent
Manzil Kohli
Vylla Home
List Price
$340,000
Sold Price
$340,000
Current Estimated Value
$383,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,684
Avg. Annual Appreciation
3.12%
Original Mortgage
$306,000
Outstanding Balance
$280,396
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$103,288
Source: Public Records

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
Shaikh Irfan $340,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaikh Irfan $306,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2021 11/19/21 Sold $340,000 0.0% $101 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $340,000 -- $101 / Sq Ft
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 $4,616 $324,400 $48,900 $275,500
2023 $2,494 $250,100 $41,300 $208,800
2022 $3,683 $243,000 $39,400 $203,600
2021 $2,278 $227,800 $39,400 $188,400
2020 $2,154 $215,400 $39,400 $176,000
2019 $2,072 $207,200 $38,600 $168,600
2018 $1,995 $199,500 $38,600 $160,900
2017 $1,877 $187,700 $35,900 $151,800
2016 $1,807 $181,700 $35,900 $145,800
2014 $1,659 $166,300 $33,700 $132,600
Source: Public Records

Agents Affiliated with this Home

  • Lee Smith

    Seller's Agent in 2021

    Lee Smith

    @properties

    (317) 523-8702

    65 in this area

    192 Total Sales

    Lee Smith
    Section Image
  • Shane Christopher

    Seller Co-Listing Agent in 2021

    Shane Christopher

    eXp Realty, LLC

    20 in this area

    49 Total Sales

    Shane Christopher
    Section Image

  • M

    Buyer's Agent in 2021

    Manzil Kohli

    Vylla Home

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21819424

MIBOR Broker Listing Cooperative®

APN: 32-08-08-109-018.000-015

Indiana Hendricks County Indianapolis 46234

5885 Magnificent Ln, Indianapolis, IN

This home is located at 5885 Magnificent Ln, Indianapolis, IN 46234 since 15 October 2021 and is currently estimated at $383,684, approximately $114 per square foot. This property was built in 2003. 5885 Magnificent Ln is a home located in Hendricks County with nearby schools including Delaware Trail Elementary School, Brownsburg East Middle School, and Brownsburg High School.

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.

MIBOR Broker Listing Cooperative® 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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