NOT LISTED FOR SALE

8637 Railroad Rd Indianapolis, IN 46217

Hill Valley Neighborhood

Estimated Value: $578,000 - $855,495

3 Beds
4 Baths
3,934 Sq Ft
$184/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $480,000 $122 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,744/month

87 Days on Market

Highlights

  • Home fronts a pond
  • 5 Acre Lot
  • Dining Room with Fireplace
  • Douglas MacArthur Elementary School Rated A-
  • Mature Trees
  • Vaulted Ceiling

About This Home

As of December 2020

Country estate in the city, custom built 3 bedroom ranch with loft, 4 full baths, 4 car garages all on a fully fenced and gated 5 acres. Large stocked pond with fountain creates a beautiful peaceful view. Huge living room with vaulted ceiling and skylights, stone walled fireplace. Kitchen has granite counter tops with slate back splash and walls. The loft overlooks dining area with second fireplace. Master bedroom has vaulted ceiling, tile shower and large walk in closet. Updates include new dual furnace/ C/A units, on demand water heater, fresh interior paint and new floor coverings throughout. Loft has potential for fourth bedroom.

Last Agent to Sell the Property

PJ Bishop

The Elite Advantage, Inc. License #RB14015088 Listed on: 08/07/2020

Last Buyer's Agent

Melissa Trahan

Trahan Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,534

Year Built

  • Built in 1982

Lot Details

  • 5 Acre Lot
  • Home fronts a pond
  • Mature Trees
  • Wooded Lot

Parking

  • 4 Car Attached Garage

Home Design

  • 1.5-Story Property
  • Stone

Interior Spaces

  • Wet Bar
  • Home Theater Equipment
  • Wired For Sound
  • Built-in Bookshelves
  • Vaulted Ceiling
  • Skylights
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 2 Fireplaces
  • Crawl Space
  • Monitored

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 491423147003000500

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,534

Year Built

Built in 1982

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1982
  • Building Area Total: 3934
  • Garage Y N: Yes
  • Lot Size Acres: 5
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • MBR_AttributionContact: bishop@mibor.net
  • Special Features: None

Interior Features

  • Basement: No
  • Basement Type: Crawl Space
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Disposal, Microwave, Electric Oven, Oven, Refrigerator, Washer, Gas Water Heater
  • Levels: One and One Half
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Dining Room, Gas Log, Living Room
  • Fireplaces: 2
  • Interior Amenities: Built In Book Shelves, Vaulted Ceiling(s), Walk-in Closet(s), Hardwood Floors, Skylight(s), Wet Bar, Surround Sound Wiring
  • Living Area: 3934
  • Main Level Bedrooms: 3
  • Other Equipment: Security Alarm Monitored, Security Alarm Paid, Theater Equipment
  • Eating Area: Breakfast Room,Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 4
  • Main Level Sq Ft: 3150
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 784
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0
  • SqFt Total: 3934

Exterior Features

  • Construction Materials: Stone
  • Disclosures: Not Applicable
  • Exterior Features: Barn Mini, Barn Storage
  • Fencing: Fence Complete
  • List Price: 497900
  • Patio And Porch Features: Open Patio, Covered Porch
  • Waterfront Features: Pond
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Asphalt, Attached
  • Garage Sq Ft: 1034

Utilities

  • Cooling: Heat Pump
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Mature Trees, Wooded
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 217800
  • Parcel Number: 491423147003000500
  • Acres: 5-10 Acres

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 4534
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 2267
  • Tax Exemption: Homestead Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Dec 24, 2020
Sold by
Marques Michael
Bought by
Stout Amanda
Seller's Agent
PJ Bishop
The Elite Advantage, Inc.
Buyer's Agent
Melissa Trahan
Trahan Realty Group
List Price
$508,000
Sold Price
$480,000
Premium/Discount to List
-$28,000
-5.51%
Current Estimated Value
$724,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,165
Avg. Annual Appreciation
9.08%
Original Mortgage
$456,000
Outstanding Balance
$406,910
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$317,255

Purchase Details

Listed on
Aug 7, 2020
Closed on
Dec 18, 2020
Sold by
Kline Arlene
Bought by
Stout Amanda
Seller's Agent
PJ Bishop
The Elite Advantage, Inc.
Buyer's Agent
Melissa Trahan
Trahan Realty Group
List Price
$508,000
Sold Price
$480,000
Premium/Discount to List
-$28,000
-5.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Outstanding Balance
$406,910
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$317,255

Purchase Details

Listed on
Aug 18, 2019
Closed on
Sep 6, 2019
Sold by
Beineke Investments Llc
Bought by
Marques Michael
Seller's Agent
Steve Lew
Steve Lew Real Estate Group, LLC
Buyer's Agent
Steve Lew
Steve Lew Real Estate Group, LLC
List Price
$499,999
Sold Price
$474,000
Premium/Discount to List
-$25,999
-5.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.99%

Purchase Details

Closed on
May 6, 2019
Sold by
Beineke W Jeffrey W and Beineke Peggy
Bought by
Beineke Investments Llc

Purchase Details

Closed on
Apr 15, 2019
Sold by
Beineke Jeffrey W and Beineke Peggy Jo
Bought by
Beineke Investments Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Stout Amanda -- None Listed On Document
Stout Amanda -- None Available
Marques Michael $474,000 Quality Title
Beineke Investments Llc -- Royal Title
Beineke Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stout Amanda $456,000
Closed Stout Amanda $456,000
Previous Owner Beineke Jeffrey W $440,000
Previous Owner Beineke Jeffrey W $318,411
Previous Owner Beineke Peggy J $20,000
Previous Owner Beineke Jeffrey W $250,000
Previous Owner Beineke Jeffrey W $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $480,000 -3.6% $122 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
08/24/2020 08/24/20 Price Changed $497,900 -2.0% $127 / Sq Ft
08/07/2020 08/07/20 For Sale $508,000 +7.2% $129 / Sq Ft
09/06/2019 09/06/19 Sold $474,000 -5.2% $109 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
08/18/2019 08/18/19 For Sale $499,999 -- $115 / 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 $10,628 $747,400 $46,600 $700,800
2023 $10,628 $651,900 $46,600 $605,300
2022 $10,017 $602,800 $46,600 $556,200
2021 $7,166 $470,000 $46,600 $423,400
2020 $12,484 $459,400 $46,600 $412,800
2019 $4,890 $310,400 $42,300 $268,100
2018 $4,678 $298,500 $42,300 $256,200
2017 $4,869 $312,400 $42,300 $270,100
2016 $4,760 $304,300 $42,300 $262,000
2014 $3,970 $296,200 $42,300 $253,900
2013 $4,038 $296,200 $42,300 $253,900
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    PJ Bishop

    The Elite Advantage, Inc.

    (317) 291-1830

    1 in this area

    36 Total Sales

    PJ Bishop
    Section Image

  • M

    Buyer's Agent in 2020

    Melissa Trahan

    Trahan Realty Group

    Section Image
  • Steve Lew

    Seller's Agent in 2019

    Steve Lew

    Steve Lew Real Estate Group, LLC

    (317) 658-2042

    6 in this area

    794 Total Sales

    Steve Lew
    Section Image

  • B

    Seller Co-Listing Agent in 2019

    Brian Coffey

    Steve Lew Real Estate Group, LLC

    (317) 985-4162

    58 Total Sales

    Brian Coffey
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21730639

MIBOR Broker Listing Cooperative®

APN: 49-14-23-147-003.000-500

Indiana Marion County Indianapolis 46217 Hill Valley

8637 Railroad Rd, Indianapolis, IN

This home is located at 8637 Railroad Rd, Indianapolis, IN 46217 since 07 August 2020 and is currently estimated at $724,165, approximately $184 per square foot. This property was built in 1982. 8637 Railroad Rd is a home located in Marion County with nearby schools including Douglas MacArthur Elementary School, Perry Meridian 6th Grade Academy, and Perry Meridian Middle 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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