Available
$298,900(ARV: $500,000)60% of ARV

Marion County, Indianapolis, IN 46236

3 bd3 ba3,064 sfBuilt 1985

4 days ago

Gross spread$201,100

Description

For more details, Call/Text Lily: [contact details hidden] Spacious 3 Bed, 3.5 Bath home in the desirable Geist Lake community, featuring an attached 2-car garage, full finished basement with bonus room, vaulted ceilings, multiple decks, and two wood-burning fireplaces. Vacant and currently livable, the property offers two upstairs bedroom suites, a solid foundation with level floors, a 12-year-old roof in good condition, functional plumbing and electrical, and a granite kitchen with stainless steel appliances. Main value-add opportunities include replacing the central A/C and furnace, updating flooring and bathrooms, fresh paint, modern lighting, and minor repairs. The finished basement offers potential for a fourth bedroom. Located in a wooded lake community with rentable boat docks, the property has a $505/month HOA covering exterior maintenance and landscaping. Excellent opportunity for investors seeking to modernize and reposition a spacious home for resale or rental.

$/sqft vs market

This deal$98/sqft
Market median$154/sqft
Difference−37% below

Median of 376 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms3
Square feet3,064
Lot size1,307 sf
Year built1985
ConditionMajor Repair
OccupancyVacant
ParkingAttached Garage

Systems & condition

Roof age11-20 yrs
HeatingFurnace · 11-20 yrs
Air conditioningCentral AC
FoundationFull basement
Foundation conditionExcellent

Self-reported by the seller. Not inspected.

Property information

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