NOT LISTED FOR SALE

7838 Forest Ln Indianapolis, IN 46240

Estimated Value: $581,000 - $884,000

4 Beds
4 Baths
4,424 Sq Ft
$154/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $490,000 $111 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,300/month

3 Days on Market

About This Home

As of January 2022

Great opportunity to purchase one of the largest homes in Windcombe, on quiet street, 4 bedrooms with 2 full and 2 half baths, refinished original hardwoods, 3 fireplaces, full basement with entertainment space, office and large laundry room, huge 20x14 screened-in porch. New HVAC in 2019, mature trees, hundreds of perennials, fully fenced backyard with patio & firepit, neighborhood Monon trail access.

Last Agent to Sell the Property

Michael Gamage

Gamage R. E. Services, LLC License #RB14022597 Listed on: 12/17/2021

Last Buyer's Agent

Andrew Tarantino

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,506

Year Built

  • 1952

Lot Details

  • 0.4

Parking

  • Attached Garage

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,506

Year Built

1952

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: 0
  • Architectural Style: Multi-Level, TraditonalAmerican
  • Directions: College to 78th, East on 78th to Forest Lane, Left on Forest Lane to the 4th house on the left
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: WINDCOMBE
  • Special Features: None
  • Year Built: 1952

Interior Features

  • Appliances: Gas Cooktop, Dryer, Disposal, Refrigerator, Washer, Double Oven
  • Has Basement: Finished, Full
  • Fireplace Features: Basement, Family Room, Living Room
  • Areas Interior: Foyer Small,Laundry in Basement,Utility Room
  • Eating Area: Dining Combo/Family Room,Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 2733
  • Main Level Sq Ft: 1691
  • Basement Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom Description: Bath Half
  • Kitchen Features: Kitchen Some Updates,Pantry
  • Below Grade Sq Ft: 1691
  • Upper Level Sq Ft: 1042
  • Pct Optional Level Finished: 25-50%
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplaces: 3
  • Interior Amenities: Attic Access, Built In Book Shelves, Walk-in Closet(s), Hardwood Floors, Screens Complete, Windows Wood
  • Other Equipment: CO Detectors, Security Alarm Monitored, Security Alarm Paid, Smoke Detector, Sump Pump, Surround Sound, Theater Equipment, Water Purifier

Exterior Features

  • Exterior Features: Barn Mini, Driveway Asphalt, Fence Full Rear, Fire Pit, Storage
  • Foundation Details: Block, Full
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio,Screened in Porch
  • Construction Type: Aluminum Siding, Stone
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: Attached
  • Garage Parking Other: Garage Door Opener
  • Garage Sq Ft: 462
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air, Wall Unit(s)
  • Heating: Forced Air
  • Solid Waste: 0
  • Utility Options: Cable Available,Gas Connected,High Speed Internet Avail
  • Water Heater: Gas
  • Sewer: Sewer Connected
  • Water Source: Public

Lot Info

  • Acres: 1/4-1/2 Acre
  • Lot Information: Tree Mature,Trees Small
  • Lot Number: 17
  • Lot Size: 17,598

Green Features

  • Green Certification Y N: 0

Tax Info

  • Semi Annual Property Tax Amt: 2253
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption
  • Tax Annual Amount: 4506
  • Tax Year: 2020

MLS Schools

  • School District: Washington Township
  • Schools: North Central High,Northview Middle,Willow Lake Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2021
Closed on
Feb 17, 2022
Sold by
Gamage Michael F and Gamage Holly M
Bought by
Cheslyn Adam and Bowers Clarissa
Seller's Agent
Michael Gamage
Gamage R. E. Services, LLC
Buyer's Agent
Andrew Tarantino
F.C. Tucker Company
List Price
$485,000
Sold Price
$490,000
Premium/Discount to List
$5,000
1.03%
Current Estimated Value
$681,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,307
Avg. Annual Appreciation
7.38%
Original Mortgage
$501,270
Outstanding Balance
$470,740
Interest Rate
3.55%
Mortgage Type
VA
Estimated Equity
$160,684

Purchase Details

Listed on
Dec 17, 2021
Closed on
Jan 31, 2022
Sold by
Gamage Michael F and Gamage Holly M
Bought by
Cheslyn Adam and Bowers Clarissa
Seller's Agent
Michael Gamage
Gamage R. E. Services, LLC
Buyer's Agent
Andrew Tarantino
F.C. Tucker Company
List Price
$485,000
Sold Price
$490,000
Premium/Discount to List
$5,000
1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,270
Outstanding Balance
$470,740
Interest Rate
3.55%
Mortgage Type
VA
Estimated Equity
$160,684
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
Cheslyn Adam -- Stewart Title
Cheslyn Adam $490,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheslyn Adam $501,270
Closed Cheslyn Adam $501,270
Previous Owner Gamage Michael F $203,300
Previous Owner Gamage Michael F $66,500
Previous Owner Gamage Holly M $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $490,000 +1.0% $111 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
12/17/2021 12/17/21 For Sale $485,000 -- $110 / 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 $7,056 $542,600 $34,400 $508,200
2023 $7,056 $511,400 $34,400 $477,000
2022 $5,387 $407,200 $34,400 $372,800
2021 $4,879 $362,800 $34,400 $328,400
2020 $4,639 $363,800 $34,400 $329,400
2019 $4,190 $350,500 $34,400 $316,100
2018 $3,874 $335,500 $34,400 $301,100
2017 $3,636 $323,300 $34,400 $288,900
2016 $3,280 $311,800 $34,400 $277,400
2014 $3,028 $322,900 $34,400 $288,500
2013 $6,135 $306,700 $34,400 $272,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michael Gamage

    Gamage R. E. Services, LLC

    (317) 257-0450

    1 in this area

    3 Total Sales

    Michael Gamage
    Section Image

  • A

    Buyer's Agent in 2022

    Andrew Tarantino

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21828969

MIBOR Broker Listing Cooperative®

APN: 49-03-24-102-062.000-800

Indiana Marion County Indianapolis 46240

7838 Forest Ln, Indianapolis, IN

This home is located at 7838 Forest Ln, Indianapolis, IN 46240 since 17 December 2021 and is currently estimated at $681,307, approximately $154 per square foot. This property was built in 1952. 7838 Forest Ln is a home located in Marion County with nearby schools including Spring Mill Elementary School, Northview Middle School, and North Central 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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