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Market Conditions in Indianapolis : Real Estate Advice

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  • Local Info97
  • Home Buying344
  • Home Selling30
  • Market Conditions29

Activity 40
Dreuler86, Home Buyer in Indianapolis, IN
Mon Jul 20, 2015
Dreuler86 asked:
4139 East 61st St Indianapolis, IN. Most expensive house on the street. They want 217900.
Eastwood area
0 votes 0 Answers Share Flag
Tom McCollis…, Real Estate Pro in Indianapolis, IN
Thu Sep 25, 2014
Tom McCollister answered:
What was your agents advice? What information did they provide on the area, other comparable sales, etc? Quite a broad range in that zip code in terms of home prices. I would need more details to give you a better answer. I would start with your agent, they should be able to answer your questions, provide comparables, and give you a better feel for the area. One concern I would have, if the counter was over your price limit, I'm guessing it was listed quite a bit over your price limit. May need to look at homes more in your price range. ... more
0 votes 1 answer Share Flag
Debbie Lotts, Real Estate Pro in Bradenton, FL
Thu Sep 11, 2014
Debbie Lotts answered:
HI, Doug. We noticed a shift in the housing market in the Indy area in April of 2013 from a buyers' market to a sellers' market. This was due in part to the fact that many people are being relocated to the Indianapolis area and interest rates were very low at the time. During the housing slump of the previous 2-3 year, builders were not building as many homes and we found ourselves with more buyers than selling, creating a shortage in our housing inventory.

This trend has continued for the past year, until recently, when we've noticed that during the past month we're beginning to see the market come into "balance" once again. The market remains strong and there is still a lot of homes being bought and sold.

If you would like more info, give me a call and we can chat about it.

Rich Lotts
The Lotts Realty Group
EasyStreet Realty
317-529-5473
... more
0 votes 3 answers Share Flag
Michael Mcco…,  in Indianapolis, IN
Fri Jul 18, 2014
Michael Mccormick answered:
paula,

i can run a school report for you on the cloud system it will show what whast you are looking for as to advise i cant give school rastings personally its just my word and thats all contact me at my office tommorrow i will be in 12-3 maning all the calls that come its a no charge thing we do

317-240-6420
317-495-0452
mike mccormick
... more
0 votes 1 answer Share Flag
Kimberly Wil…, Real Estate Pro in Zionsville, IN
Thu Jul 10, 2014
Kimberly Wilson answered:
Hi Kelly,
Wortham way properties are in Marion County IPS districts and are specifically served by Pike Township Schools district.

Kimberly
0 votes 1 answer Share Flag
joan robinson, Renter in Indianapolis, IN
Mon Jun 2, 2014
joan robinson asked:
This question was asked from http://www.trulia.com/rental-community/9000003156/Braeburn-Village-Apts-of-Indianapolis-2170-Braeburn-East-Dr-Indianapolis-IN-46219/
0 votes 0 Answers Share Flag
Paige Devries, Renter in 46205
Wed Apr 30, 2014
Paige Devries asked:
This question was asked from http://www.trulia.com/rental-community/9000043961/Villages-At-Mill-Crossing-3615-Sherman-Forest-Dr-Indianapolis-IN-46205/
0 votes 0 Answers Share Flag
Doug Goins, Renter in Indianapolis, IN
Mon Mar 31, 2014
Doug Goins asked:
Give us a call today!

Kind Regards,
Doug Goins
Address: 10401 North Meridian Street #300 Indianapolis, In 46290
Email Id: doug@rentalhomefinancing.com
Contact No: 317-710-0126 , 1-888-375-7977
0 votes 0 Answers Share Flag
Doug Goins, Renter in Indianapolis, IN
Wed Mar 19, 2014
Doug Goins answered:
We are actively funding deal is Florida, Indiana, North Carolina, Ohio, South Carolina, Las Vegas, California and other across the USA. We own some investment property near there, I would be happy to help you!!!!!

Call me to discuss your opportunity!

Doug Goins
317-710-0126 , 1-888-375-7977
Email-Id: doug@rentalhomefinancing.com
... more
0 votes 4 answers Share Flag
Stevensangli…, Home Buyer in Indianapolis, IN
Tue Feb 18, 2014
Stevensanglianbawi15 asked:
This question was asked from http://www.trulia.com/property/3007940833-3334-Gainesville-Ct-Indianapolis-IN-46227
0 votes 0 Answers Share Flag
freeparamjit, Home Buyer in Indianapolis, IN
Mon Feb 17, 2014
freeparamjit asked:
This question was asked from http://www.trulia.com/rental-community/9000004771/Fox-Club-Apartments-4401-S-Keystone-Ave-Indianapolis-IN-46227/
0 votes 0 Answers Share Flag
Lee Smith, Real Estate Pro in Indianapolis, IN
Sat Dec 28, 2013
Lee Smith answered:
There is always a demand for both SFR and Multifams.. Investing in them depends on your goals. We are seeing 15-18% cap rates on most duplexes, but anything 4 or more units are tougher to get those kind of cap rates. Seems everyone is in love with saying they own an apartment building so will take less of a return.. Not saying they aren't out there, but the higher performing larger multifams are harder to find. You can obviously get better deals if you are willing to buy homes/multifams that are in need of work.

We work with a lot of out of state investors, and we do a lot of buy, rehab, and rent/sale both for our clients and ourselves.

You need to get with someone who knows the market and is actively investing in it. Check your crime statistics, check multiple sources for comps both on rent and sales... Looks like you are Indy, so shop around a bit, and ask for references. Ask to see some of their properties they are renting or have recently done work on.

A good website for crime statistics is http://maps.indy.gov/MapIndy/Index.html?theme=crimeviewer. We generally plug in a quarter mile radius(1318 ft) and 6 months worth of history for every house we are looking at. It really depends on your goals for what kind of investments will suit your needs.
... more
0 votes 5 answers Share Flag
Elvis Turkov…, Real Estate Pro in Beech Grove, IN
Sun Oct 13, 2013
Elvis Turkovich answered:
I apologize I was responding to a similar question about one of my other listings which is in Perry Township but this 3322 Argyle Ct is located in Warren Township. You can verify by using this: http://www.warren.k12.in.us/township-map ... more
0 votes 4 answers Share Flag
Brian Black, Real Estate Pro in Indianapolis, IN
Sun Apr 28, 2013
Brian Black answered:
Hey Kathy,

I'm not positive how Trulia pulls it's public records, but it appears they are pulling the public data from 2011. You current accessed value is $195,200. If you claim your own property on this site you might be able to edit some of the information about the home, but more than likely you won't be able to edit tax data.

Is there a specific reason you care what it says? Your tax assessed value really has absolutely nothing to do with the fair market value or an appraised value. If you're concerned about your home appearing to be worth more then I wouldn't sweat the tax assessed value. If anything it's just showing that you taxes are higher than someone else with a lower assessed value.

To comment on your property and which neighborhood it is in, its legal description from the public records does indicate that is is part of South Creek. Here is your legal description of your property:

SOUTHCREEK SEC 1 PT L4 BEG NE COR L4 SW 113.10' TO COURT SWRLY ON COURT 111.18' NW 71.76' NRLY 80.29 ' E 209.5' TO BEG 15,964SF

If you can't edit these details yourself if you claim this as your house through trulia you may have to call them to find out how. Since there are no past listings on this property, wrong data on an incorrectly entered listing can't even be blamed.

Hope that helps!
... more
0 votes 1 answer Share Flag
Mallorie Wil…, Real Estate Pro in Indianapolis, IN
Mon Feb 25, 2013
Mallorie Wilson answered:
Are you still in need of an estimated value on this property? I'd be happy to send you a quick market value, provided I have an address on the property. I look forward to your reply.


Respectfully,

Mallorie Wilson
Associate Broker
Century 21 Diversified
... more
0 votes 4 answers Share Flag
Shirley DeMe…, Real Estate Pro in Carmel, IN
Wed Jan 23, 2013
Shirley DeMerchant answered:
I-465 E .At exit 2B, take ramp right and follow signs for US-31 South. Bear right onto S Shelby St, and then immediately turn right onto Surrey Dr.Turn left onto Coach Rd. Turn right onto Landau Ln. Turn left onto Braugham Rd. Arrive at 709 Braugham Rd, Indianapolis, IN 46227 on the left

It is on the southside of Indianapolis....on the way to Greenwood.
... more
0 votes 1 answer Share Flag
Tom McCollis…, Real Estate Pro in Indianapolis, IN
Wed Dec 19, 2012
Tom McCollister answered:
Depending on what your investment strategy is, I know of a couple properties you could get for around 30K, and one is currently leased at 750/month, the other 800/month. Contact me for more details.

Tom McCollister
Keller Williams Realty
317-410-9709
Tom.McCollister@kw.com
... more
0 votes 4 answers Share Flag
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