876 N Raceway Rd Indianapolis, IN 46234
Estimated payment $7,497/month
Highlights
- 7.3 Acre Lot
- Mature Trees
- 2-minute walk to Miller Park
- Maple Elementary School Rated A
- No HOA
About This Lot
Welcome to a rare blend of country-in-the-city living, rental income, and future development potential. This 3 bedroom, 1.5 bath updated brick ranch offers nearly 1,500 square feet of living space and is currently tenant occupied, providing income for investors and future flexibility for owners. Adjacent to the ranch is a 1,600 square foot heated barn featuring 17-foot ceilings-ideal for a home based business, workshop, storage, or hobby use. Whether you're expanding your home construction or landscaping business, dreaming of a mini-farm, need space for animals or a garden, or are considering future redevelopment, this site offers exceptional possibilities. The property spans 7.29 acres with farmland views, all within the desirable Avon Community School district yet with an Indianapolis address. Conveniently located just minutes from I-465, Ronald Reagan Parkway, and Avon's growing retail corridor, it offers the perfect balance of space, schools, and accessibility. This offering is subject to a new combination of parcels and survey as well as tenant rights. Current zoning is residential. Enjoy the potential of this unique opportunity.
Listing Agent
Keller Williams Indy Metro NE Brokerage Email: sharonthompson@kw.com License #RB14044406 Listed on: 04/16/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,000
Lot Details
- 7.3 Acre Lot
- Irregular Lot
- Mature Trees
- Additional Parcels
Utilities
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 32-09-05-200-016.000-022
- Assessor Parcel Number 320905200016000022
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 | $3,998 | $178,500 | $45,400 | $133,100 |
| 2023 | $4,189 | $185,100 | $44,200 | $140,900 |
| 2022 | $2,935 | $130,300 | $31,700 | $98,600 |
| 2021 | $2,957 | $130,200 | $35,100 | $95,100 |
| 2020 | $2,987 | $130,300 | $37,400 | $92,900 |
| 2019 | $3,024 | $130,300 | $36,000 | $94,300 |
| 2018 | $2,440 | $102,600 | $28,500 | $74,100 |
| 2017 | $2,093 | $102,600 | $28,700 | $73,900 |
| 2016 | $2,103 | $102,600 | $28,700 | $73,900 |
| 2014 | $2,120 | $102,600 | $29,600 | $73,000 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Statewide Title Company Inc | |
| Sheriffs Deed | $71,020 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $40,370 | New Conventional | |
| Closed | $52,500 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22033386
APN: 32-09-05-200-016.000-022
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