NOT LISTED FOR SALE

7731 Traders Cove Ln Indianapolis, IN 46254

Eagle Creek Neighborhood

Estimated Value: $520,000 - $545,000

5 Beds
3.5 Baths
4,038 Sq Ft
$132/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $495,000 $123 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,167/month

1 Day on Market

Highlights

  • Mature Trees
  • Wood Flooring
  • No HOA
  • Deck
  • 1 Fireplace
  • Gazebo

About This Home

As of May 2023

Custom-built home on large lot in desirable Traders Cove. This Beautiful 5 Bedroom 3 and a half bath is meticulously maintained, the pride of ownership is evident. Located on a wooded lot across from Eagle Creek Reservoir. This home has an in-law suite on the main floor with an attached bath. The master and upstairs bath have been completely redone. Home has an irrigation system and a security alarm. The roof and siding are to be replaced in April. Finally, step out back and enjoy the newly refinished deck in private yard. You can also enjoy miles of trails, sail/kayak on Eagle Creek Reservoir, in the third largest city park in the nation. Don't miss this hidden gem in Traders Cove. Easy access to 465, downtown and airport.

Last Agent to Sell the Property

Cathy Herren

Fathom Realty License #RB19002118 Listed on: 04/06/2023

Fathom Realty

Last Buyer's Agent

Kimberly Wilson

United Real Estate Indpls

United Real Estate Indpls

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,936

Year Built

  • Built in 1977

Lot Details

  • 0.42 Acre Lot
  • Sprinkler System
  • Mature Trees

Parking

  • 2 Car Attached Garage

Home Design

  • Block Foundation
  • Cultured Stone Exterior
  • Cedar

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Attic Access Panel
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Gazebo

Schools

  • Eagle Creek Elementary School
  • Guion Creek Middle School
  • Pike High School

Utilities

  • Programmable Thermostat
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Traders Cove Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 490510104012000600

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,936

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Two Story
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1977
  • Building Area Total: 4147
  • Garage Y N: Yes
  • Lot Size Acres: 0.42
  • On Market Date: 2023-04-06
  • Subdivision Name: Traders Cove
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: cathy.herren@gmail.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Electric Oven, Range Hood, Refrigerator, Washer
  • Levels: Two
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 758
  • Fireplace Features: Woodburning Fireplce
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Hardwood Floors, In-Law Arrangement, Eat-in Kitchen, Programmable Thermostat
  • Living Area: 4038
  • Main Level Bedrooms: 1
  • Other Equipment: Smoke Alarm
  • Eating Area: Breakfast Room,Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1619
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Upper Level Sq Ft: 1661
  • Rooms Basement: 1

Exterior Features

  • Construction Materials: Cedar, Cultured Stone
  • Direction Faces: West
  • Exterior Features: Sprinkler System
  • Foundation Details: Block
  • List Price: 495000
  • Patio And Porch Features: Deck Main Level, Gazebo
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Asphalt
  • Garage Parking Other: Garage Door Opener

Utilities

  • Cooling: Central Electric
  • Heating: Electric
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Guion Creek Middle School

Lot Info

  • Lot Features: Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 18208
  • Parcel Number: 490510104012000600
  • Acres: 1/4-1/2 Acre
  • Price Acre: 1178571.42857143

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 2936
  • Tax Lot: 15
  • Semi Annual Property Tax Amt: 1468
  • Tax Exemption: Homestead Tax Exemption

MLS Schools

  • Elementary School: Eagle Creek Elementary School
  • High School: Pike High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 9, 2023
Sold by
Kaye Ravindran Revocable Trust
Bought by
Peck Stuart Volney and Peck Margaret Elizabeth
Seller's Agent
Cathy Herren
Fathom Realty
Buyer's Agent
Kimberly Wilson
United Real Estate Indpls
List Price
$495,000
Sold Price
$495,000
Views
73
Current Estimated Value
$532,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,655
Avg. Annual Appreciation
0.94%
Original Mortgage
$420,750
Outstanding Balance
$411,146
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$94,800

Purchase Details

Closed on
Nov 4, 2021
Sold by
Ravindran Kanchana
Bought by
Ravindran Kanchana
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
Peck Stuart Volney $495,000 None Listed On Document
Ravindran Kanchana -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peck Stuart Volney $200,000
Open Peck Stuart Volney $420,750
Previous Owner Olinger Jeanette D $169,095
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2023 05/05/23 Sold $495,000 0.0% $123 / Sq Ft
04/08/2023 04/08/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $495,000 -- $123 / 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 $3,251 $450,100 $61,300 $388,800
2023 $3,251 $302,800 $61,300 $241,500
2022 $3,137 $302,800 $61,300 $241,500
2021 $2,792 $257,800 $43,500 $214,300
2020 $2,678 $246,800 $43,500 $203,300
2019 $2,596 $239,300 $43,500 $195,800
2018 $2,402 $220,700 $43,500 $177,200
2017 $2,429 $223,900 $43,500 $180,400
2016 $2,291 $210,700 $43,500 $167,200
2014 $1,938 $190,400 $43,500 $146,900
2013 $1,955 $190,400 $43,500 $146,900
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Cathy Herren

    Fathom Realty

    (317) 501-1100

    1 in this area

    18 Total Sales

    Cathy Herren
    Section Image

  • K

    Buyer's Agent in 2023

    Kimberly Wilson

    United Real Estate Indpls

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21906015

MIBOR Broker Listing Cooperative®

APN: 49-05-10-104-012.000-600

Indiana Marion County Indianapolis 46254 Eagle Creek

7731 Traders Cove Ln, Indianapolis, IN

This home is located at 7731 Traders Cove Ln, Indianapolis, IN 46254 since 06 April 2023 and is currently estimated at $532,655, approximately $131 per square foot. This property was built in 1977. 7731 Traders Cove Ln is a home located in Marion County with nearby schools including Pike High School and Enlace Academy.

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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