NOT LISTED FOR SALE

7511 Palais Ct Indianapolis, IN 46278

Traders Point Neighborhood

Estimated Value: $554,000 - $607,032

3 Beds
5 Baths
5,067 Sq Ft
$114/Sq Ft Est. Value

Last Sold December 12, 2014

Last sale price $360,000 $71 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,813/month

90 Days on Market

Highlights

  • Family Room with Fireplace
  • Traditional Architecture
  • Skylights
  • Vaulted Ceiling
  • Outdoor Water Feature
  • Bar Fridge

About This Home

As of December 2014

Quality-one owner Leonard Watson built home*Walk-out lower-level gutted & renovated with media surround system-Serving counter-commercial grade carpet*lots of storage*library w/wet bar-Atrium doors*Extensive paver patio-screened porch-covered patios* Irrigation system*2 wood burning fireplaces, one piped for gas*2nd bedroom w/private bath*Master BR w/3 closets*New Wilson-art floating kit floor*LOW utilities Ave: Elec$85-Gas$87-Water$60- 10 minutes downtown-20 minutes to airport*

Last Agent to Sell the Property

Kathy Collings

Listed on: 07/21/2014

Last Buyer's Agent

Noelle Hans-Daniels

Encore Sotheby's International

Encore Sotheby's International

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,228

Year Built

  • Built in 1984

Lot Details

  • 35,719 Sq Ft Lot
  • Sprinkler System

Parking

  • Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Sound System
  • Built-in Bookshelves
  • Bar Fridge
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Bay Window
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Monitored
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Water Feature

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Water Purifier
  • Multiple Phone Lines

Community Details

  • Normandy Farms Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490427119013000600

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,228

Year Built

Built in 1984

Lot Details

0.82 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TradAmer
  • Builder Name: Leonard Watson
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1984
  • Garage Y N: Yes
  • Lot Size Acres: 0.82
  • Subdivision Name: NORMANDY FARMS
  • Inspection Warranties: Not Applicable
  • Property Description: Quality-one owner Leonard Watson built home*Walk-out lower-level gutted & renovated with media surround system-Serving counter-commercial grade carpet*lots of storage*library w/wet bar-Atrium doors*Extensive paver patio-screened porch-covered patios* Irrigation system*2 wood burning fireplaces, one piped for gas*2nd bedroom w/private bath*Master BR w/3 closets*New Wilson-art floating kit floor*LOW utilities Ave: Elec$85-Gas$87-Water$60- 10 minutes downtown-20 minutes to airport*
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Finished, Walk-Out Access
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Disposal, Microwave, Oven, Bar Fridge, Refrigerator, Washer
  • Levels: Two
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Living Room, Woodburning Fireplce
  • Fireplaces: 2
  • Interior Amenities: Built In Book Shelves, Vaulted Ceiling(s), Skylight(s), Walk-in Closet(s), Window Bay Bow
  • Living Area: 5067
  • Other Equipment: Multiple Phone Lines, Security Alarm Monitored, Smoke Detector, Surround Sound, WetBar, Water Purifier
  • Room Count: 11
  • Areas Interior: Bath Sinks Dbl Main,Family Room 2nd Story,Living Room Formal,Laundry Room Main Level
  • Eating Area: Center Island,Eat In Kitchen,Formal Dining Room,Pantry
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 3436
  • Main Level Sq Ft: 1679
  • Basement Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom Description: Sinks Double,Shower Stall Full,Tub Garden,Closet Walk in
  • Total Sq Ft: 5067
  • Below Grade Sq Ft: 1631
  • Upper Level Sq Ft: 1757
  • Pct Optional Level Finished: 75+%
  • Bathroom Areas: 5.0000
  • Optional Level Below Grade: Walk Out Basement

Exterior Features

  • Construction Materials: Brick, Cedar
  • Disclosures: Not Applicable
  • Exterior Features: Irrigation System, Water Feature Fountain
  • Foundation Details: Concrete Perimeter
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level,Open Patio

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 3 Car Attached
  • Garage Parking Other: Finished Garage,Floor Drain,Garage Door Opener,Keyless Entry

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Cable Connected,Gas Connected
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490427119013000600
  • Acres: 1/2-1 Acre
  • Lot Information: Tree Mature,Wooded
  • Lot Number: 113
  • Lot Size: 111x197x217x285

Tax Info

  • Tax Annual Amount: 3228
  • Semi Annual Property Tax Amt: 1614
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Pike Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2014
Closed on
Dec 11, 2014
Sold by
Merrill Richard L and Merrill Katherine E
Bought by
Westcott Jeffrey H and Westcott Katherine A
Seller's Agent
Kathy Collings
Buyer's Agent
Noelle Hans-Daniels
Encore Sotheby's International
List Price
$459,000
Sold Price
$360,000
Premium/Discount to List
-$99,000
-21.57%
Current Estimated Value
$618,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,890
Avg. Annual Appreciation
4.27%
Original Mortgage
$270,000
Outstanding Balance
$203,733
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$374,025
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Westcott Jeffrey H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westcott Jeffrey H $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2014 12/12/14 Sold $360,000 -8.9% $71 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
09/16/2014 09/16/14 Price Changed $395,000 -10.0% $78 / Sq Ft
08/15/2014 08/15/14 Price Changed $439,000 -4.4% $87 / Sq Ft
07/21/2014 07/21/14 For Sale $459,000 -- $91 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $6,076 $606,300 $87,300 $519,000
2024 $5,490 $534,600 $87,300 $447,300
2023 $5,490 $534,600 $87,300 $447,300
2022 $4,748 $510,700 $87,300 $423,400
2021 $3,993 $385,700 $63,800 $321,900
2020 $3,903 $377,000 $63,800 $313,200
2019 $3,894 $376,500 $63,800 $312,700
2018 $3,951 $382,500 $63,800 $318,700
2017 $3,642 $352,000 $63,800 $288,200
2016 $3,521 $340,300 $63,800 $276,500
2014 $3,254 $325,400 $63,800 $261,600
2013 $3,111 $308,000 $63,800 $244,200
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Kathy Collings

    Section Image

  • N

    Buyer's Agent in 2014

    Noelle Hans-Daniels

    Encore Sotheby's International

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21304917

MIBOR Broker Listing Cooperative®

APN: 49-04-27-119-013.000-600

Indiana Marion County Indianapolis 46278 Traders Point

7511 Palais Ct, Indianapolis, IN

Not Listed for Sale

Detached

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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.
Based on information submitted to the MLS GRID

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