NOT LISTED FOR SALE

8428 Admirals Landing Way Indianapolis, IN 46236

Estimated Value: $504,675 - $544,000

5 Beds
4 Baths
4,610 Sq Ft
$113/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $389,000 $84 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,154/month

1 Day on Market

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • Fire Pit
  • Formal Dining Room
  • Wet Bar
  • Forced Air Heating and Cooling System

About This Home

As of October 2020

Own a luxurious Mansion in red-hot Giest for half price.
The original owner overbuilt the neighborhood, which means it’s the most valuable home on the street but can’t be sold for higher than the comps allow. So basically you get a million dollar home for under 400k!
Located around the corner from the lake where homes start at $1 million and go up. It truly is a gem and a steal.
Extremely easy to show. Call or knock on the door today because it won’t last.

Everything is original and 100% quality. *beautifully landscaped
*$100,000 in custom upgrades
*step into a luxurious chef’s kitchen, outfitted with stainless steel appliances, new granite countertops and maple floors.
*custom made cherry cabinets, doors, base and crown molding

Last Agent to Sell the Property

Brian Waters

Mentor Listing Realty Inc License #RB14030191 Listed on: 09/01/2020

Last Buyer's Agent

Michael Lauck

eXp Realty, LLC

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,066

Year Built

  • Built in 1994

Lot Details

  • 0.34

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Formal Dining Room
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Fire Pit
  • 0.34 Acre Lot

Community Details

  • Association fees include insurance pool tennis court(s)
  • Admirals Landing Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490122108037000407

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,066

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1994
  • Garage Y N: Yes
  • Lot Size Acres: 0.34
  • Subdivision Name: ADMIRALS LANDING
  • Inspection Warranties: Not Applicable
  • Property Description: Own a luxurious Mansion in red-hot Giest for half price. The original owner overbuilt the neighborhood, which means it’s the most valuable home on the street but can’t be sold for higher than the comps allow. So basically you get a million dollar home for under 400k! Located around the corner from the lake where homes start at $1 million and go up. It truly is a gem and a steal. Extremely easy to show. Call or knock on the door today because it won’t last. Everything is original and 100% quality. *beautifully landscaped *$100,000 in custom upgrades *step into a luxurious chef’s kitchen, outfitted with stainless steel appliances, new granite countertops and maple floors. *custom made cherry cabinets, doors, base and crown molding
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Finished,Full
  • Appliances: Dishwasher,Refrigerator
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Interior Amenities: Wet Bar
  • Living Area: 4610
  • Other Equipment: Hot Tub,WetBar,Water-Softener Owned
  • Room Count: 14
  • Areas Interior: Foyer Large,Laundry Room Main Level
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 3377
  • Main Level Sq Ft: 1441
  • Basement Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Total Sq Ft: 4610
  • Below Grade Sq Ft: 1233
  • Upper Level Sq Ft: 1936
  • Pct Optional Level Finished: 75+%

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Fire Pit
  • Foundation Details: Concrete Perimeter
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio,Screened in Porch

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Attached

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Management Company Name: TBD

Fee Information

  • Association Fee Includes: Insurance,Pool,Tennis Court(s)
  • Mandatory Fee: 48

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490122108037000407
  • Acres: 1/4-1/2 Acre
  • Lot Number: 7
  • Lot Size: 14,810

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 3066
  • Semi Annual Property Tax Amt: 1533
  • Tax Exemption: None

MLS Schools

  • School District: Lawrence Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 19, 2020
Sold by
Stauffer David and Stauffer Paula
Bought by
Ribich Timothy J and Salat Robert J
Seller's Agent
Brian Waters
Mentor Listing Realty Inc
Buyer's Agent
Michael Lauck
eXp Realty, LLC
List Price
$389,000
Sold Price
$389,000
Current Estimated Value
$521,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,919
Avg. Annual Appreciation
6.03%
Original Mortgage
$330,650
Outstanding Balance
$293,559
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$228,360

Purchase Details

Closed on
Dec 30, 2019
Sold by
Blue Green Properties Llc
Bought by
Stauffer David and Stauffer Paula

Purchase Details

Closed on
Oct 18, 2019
Sold by
Campbell Ned J and Campbell Melissa
Bought by
Blue Green Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
3.7%
Mortgage Type
Seller Take Back
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
Ribich Timothy J $389,000 Chicago Title
Stauffer David -- None Available
Blue Green Properties Llc $347,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ribich Timothy J $330,650
Previous Owner Blue Green Properties Llc $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2020 10/19/20 Sold $389,000 0.0% $84 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $389,000 -- $84 / 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 $5,068 $455,000 $53,800 $401,200
2023 $5,068 $455,000 $53,800 $401,200
2022 $4,608 $406,600 $53,800 $352,800
2021 $4,145 $360,700 $53,800 $306,900
2020 $3,703 $318,900 $43,300 $275,600
2019 $3,146 $306,500 $43,300 $263,200
2018 $3,073 $299,500 $43,300 $256,200
2017 $3,045 $297,000 $43,300 $253,700
2016 $3,079 $300,700 $43,300 $257,400
2014 $2,807 $280,700 $43,300 $237,400
2013 $2,738 $280,700 $43,300 $237,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Brian Waters

    Mentor Listing Realty Inc

    (866) 269-1006

    3 in this area

    480 Total Sales

    Brian Waters
    Section Image

  • M

    Buyer's Agent in 2020

    Michael Lauck

    eXp Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21736474

MIBOR Broker Listing Cooperative®

APN: 49-01-22-108-037.000-407

Indiana Marion County Indianapolis 46236

8428 Admirals Landing Way, Indianapolis, IN

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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.

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