8023 Railroad Rd Indianapolis, IN 46217
Hill Valley NeighborhoodEstimated payment $2,605/month
Highlights
- Outdoor Pool
- View of Trees or Woods
- Vaulted Ceiling
- Douglas MacArthur Elementary School Rated A-
- Wood Burning Stove
- Wood Flooring
About This Home
This incredible property is essentially two homes for the price of one, featuring a connected apartment that can be used as an in-law suite or generate rental income (currently rented for $1,700 per month until Nov 15). With extensive upgrades, unique features, and thoughtful design, this home offers exceptional value and versatility. In 2012, a 2,400 sq. ft. addition was completed, expanding the home's living space. 2013 a 16' x 32' in-ground pool and pool house were added, creating a backyard retreat perfect for entertaining or relaxing. The pool house includes a sink and toilet (#1 only). In 2019, the former three-bedroom section of the home was transformed into an impressive game room / loft area. The south side flooring was reinforced to support a pool table, and the space now includes a wet bar and mini fridge. That same year, a deluxe walk-in closet was created, complete with its own sink and washer/dryer setup for added convenience. In 2025, a deck was added above the pergola, accessible directly from the primary suite through a new master bedroom door-perfect for morning coffee or evening sunsets. The home also features a Jack-and-Jill bathroom with two sinks, one shower, and one toilet, plus a master bath with a garden tub and private water closet. The great room's spiral staircase adds architectural charm and a touch of elegance. The entire front facade of the home was redone in 2024. The roof-covering the main home, the apartment carport, and the overhang-was also replaced in 2024. Out back 16' x 20' shed with a loft for additional storage. The connected apartment is fully equipped and beautifully updated. It features granite countertops, a cozy breakfast nook, and a newly refreshed bathroom (sink, exhaust fan, and fixtures all replaced in 2024). There's also a covered porch and carport, making the apartment completely independent and highly rentable. This home offers amazing flexibility for multi-generational living or rental income!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,324
Year Built
- Built in 1980
Lot Details
- 0.59 Acre Lot
Parking
- 2 Car Attached Garage
- Carport
- Garage Door Opener
Home Design
- Cement Siding
Interior Spaces
- 2-Story Property
- Wet Bar
- Bar Fridge
- Woodwork
- Vaulted Ceiling
- Wood Burning Stove
- Free Standing Fireplace
- Formal Dining Room
- Views of Woods
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Electric Oven
- Range Hood
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Laminate
- Ceramic Tile
- Vinyl Plank
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- In-Law or Guest Suite
- Soaking Tub
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- Outdoor Pool
- Fence Around Pool
Outdoor Features
- Balcony
- Shed
- Storage Shed
Schools
- Douglas Macarthur Elementary Sch
- Perry Meridian 6Th Grade Academy Middle School
- Perry Meridian High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Water Heater
Community Details
- No Home Owners Association
- Hill Valley Estates Subdivision
Listing and Financial Details
- Legal Lot and Block 1006 / 29
- Assessor Parcel Number 491423124010000500
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,409 | $334,700 | $26,300 | $308,400 |
| 2023 | $4,409 | $314,800 | $26,300 | $288,500 |
| 2022 | $4,071 | $285,500 | $26,300 | $259,200 |
| 2021 | $3,298 | $225,100 | $26,300 | $198,800 |
| 2020 | $3,040 | $207,200 | $26,300 | $180,900 |
| 2019 | $2,882 | $194,200 | $13,900 | $180,300 |
| 2018 | $2,638 | $179,500 | $13,900 | $165,600 |
| 2017 | $2,629 | $178,500 | $13,900 | $164,600 |
| 2016 | $2,594 | $175,000 | $13,900 | $161,100 |
| 2014 | $2,285 | $174,300 | $13,900 | $160,400 |
| 2013 | $2,238 | $174,300 | $13,900 | $160,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | For Sale | $425,000 | -- | $120 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22071204
APN: 49-14-23-124-010.000-500
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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