1117 Reserve Way

1,231 Sq. Ft.
$219 / Sq. Ft.
1,231
Sq. Ft.
$219
per Sq. Ft.

Description

OPEN HOUSE SUN 2-4pm Do you want a 4% interest rate?! Seller offering a 2/1 buy down! Welcome to The Reserve at Broad Ripple! This updated, low-maintenance townhome offers an unbeatable location just steps from the Monon Trail, popular restaurants, local shops, and all that Broad Ripple has to offer. The open-concept main living area is ideal for everyday living and entertaining, featuring a bright great room with patio doors overlooking the community pool. The kitchen includes stainless steel appliances,...OPEN HOUSE SUN 2-4pm Do you want a 4% interest rate?! Seller offering a 2/1 buy down! Welcome to The Reserve at Broad Ripple! This updated, low-maintenance townhome offers an unbeatable location just steps from the Monon Trail, popular restaurants, local shops, and all that Broad Ripple has to offer. The open-concept main living area is ideal for everyday living and entertaining, featuring a bright great room with patio doors overlooking the community pool. The kitchen includes stainless steel appliances, ample counter space, and a functional layout that flows seamlessly into the living area. Fresh interior paint, updated light fixtures, and a new water heater (2024) provide added value and peace of mind. The main level includes two bedrooms and a full bath with a garden tub. The finished lower-level bonus space offers flexibility for a home office, fitness area, media room, or guest space. Additional highlights include an attached 1-car garage, community pool access, pond views, and exceptional walkability. A rare opportunity to own in one of Broad Ripple's most desirable communities.
  1. Listed by Sarah Hubley • Mike Thomas Associates

Property Details for 1117 Reserve Way

Architectural Style
Contemporary
Subdivision Name
Reserve At Broad Ripple
Township
Washington
Waterfront Features
Pond
Waterfront
Yes

Open Houses

Sunday, Feb 8th

2:00 PM - 4:00 PM

Public

LISTING UPDATED: 02/06/2026 09:50 AM

Property Details for 1117 Reserve Way

StatusActive
MLS #22050247
Days on Market99
Taxes$1,259 semi-annually
HOA Fees$290 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2004
CountyMarion County

Location

Listing Courtesy of Mike Thomas Associates
Add your commute

Building Information for 1117 Reserve Way

Building/Complex1117 Reserve WayFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built2004

Payment Calculator

$1,813 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,313

Property Taxes

$210

HOA Dues

$290

The Payment Calculator is for illustrative purposes only.

Property Information for 1117 Reserve Way

Summary
Location and General Information
  • City: Indianapolis
  • Condo Description Location: Ground Level
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46220
  • Postal Code Plus4: 1796
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Attic YN: Yes
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Association Home Owners, Sewer, Lawncare, Maintenance Grounds, Maintenance Structure, Maintenance, Snow Removal, Trash
  • Association Fee: $290
  • Parcel Number: 490336123087000801
  • Semi Annual Property Tax Amt: 1259
  • Tax Exemption: Homestead Tax Exemption
  • Tax Year: 2024
  • TaxLot: 17
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage YN: Yes
  • Garage Parking Other: Garage Door Opener,Guest Street Parking
  • Garage Spaces: 1.0
  • Garage SqFt: 200
Property
Lot Information
  • Acreage: <1/4 Acre
  • Condo Type: Co-op
  • Lifestyles: Walk Up
  • Lot Description: Sidewalks
  • Lot Size Square Feet: 2335.0
  • Lot Size Acres: 0.05
  • Main Level SqFt: 1031
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 1031.0
  • Sq Ft Total: 1231.0
  • Year Built Numeric: 2004
  • Below Grade Finished Area: 200.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Common Walls: 2+ Common Walls
  • DPRYN: Yes
  • FHA Certified: Yes
  • Legal Subdivision: Reserve At Broad Ripple Horizontal Propertyregime Phase II Bldg 10 Unit 1117& .676% Int In Common Area
  • Ownership Type: Mandatory Fee
  • Photos Count: 30
  • Property Attached: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Transaction Type: Sale
  • Community Features: Pool, Sidewalks, Street Lights, Suburban
  • Property Condition: Updated/Remodeled
Utilities
  • Solid Waste: No
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Association Amenities: Maintenance Grounds, Maintenance, Snow Removal, Trash
  • Construction Materials: Brick, Cement Siding
  • Exterior Features: Balcony
  • Foundation Details: Poured Concrete
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Dishwasher, Dryer, Microwave, Electric Oven, Refrigerator, Washer, Water Heater
  • Areas Interior: Laundry in Unit,Utility Room
  • Basement Description: Finished, Interior Entry
  • Basement YN: Yes
  • Cooling: Central Air
  • Eating Area: Formal Dining Room
  • Floor Number: 2
  • Heating: Natural Gas, Forced Air
  • Interior Features: Hardwood Floors, Pantry
  • Levels: Two
  • Kitchen Features: Kitchen Updated
  • Room List: Living Room, Dining Room, Kitchen, Laundry, Primary Bedroom, Bedroom 2, Bonus Room
  • Room and Features: Living Room-Main, Dining Room-Main, Kitchen-Main, Laundry-Main, Primary Bedroom-Main, Bedroom 2-Main, Bonus Room-Basement-Other
  • Main Level Bedrooms: 2
  • Laundry Features: Main Level, Laundry Room
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 1
Room Information
Room Information
  • Rooms MU: 5
  • Rooms Total MU: 5
  • Total Rooms: 6
Room 1
  • Room Level: Main
  • Room Dimensions: 15x15
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 10x9
  • Room Type: Dining Room
Room 3
  • Room Level: Main
  • Room Dimensions: 10x9
  • Room Type: Kitchen
Room 4
  • Room Level: Main
  • Room Dimensions: 5x8
  • Room Type: Laundry
Room 5
  • Room Level: Main
  • Room Dimensions: 13x10
  • Room Type: Primary Bedroom
Room 6
  • Room Level: Main
  • Room Dimensions: 13x10
  • Room Type: Bedroom 2
Room 7
  • Room Level: Basement
  • Room Dimensions: 17x10
  • Room Features: Other
  • Room Type: Bonus Room
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Count: 1
  • Full Baths Basement: 0
  • Full Baths Main: 1
  • Full Baths MU: 1
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 2
  • Bedrooms MU: 2
  • Bedrooms Total: 2

Property History for 1117 Reserve Way

DateEvent & SourcePriceAppreciation
Sep 12, 2025

Price Change

MIBORMLS #22050247

$269,400—
Aug 17, 2025

Price Change

MIBORMLS #22050247

$269,900—
Aug 2, 2025

Listed (Active)

MIBORMLS #22050247

$275,000—
Aug 31, 2016

Sold

MIBORMLS #21413860

$172,500—
Aug 30, 2016

Sold (Public Record)

Public Record #578574614

$172,500

+2.5% / yr

Aug 14, 2016

Pending

MIBORMLS #21413860

—
Jul 1, 2016

Price Change

MIBORMLS #21413860

$177,500—
Apr 26, 2016

Listed (Active)

MIBORMLS #21413860

$182,500—
Jan 27, 2011

Sold

MIBORMLS #21060222

$150,000—
Jan 26, 2011

Sold (Public Record)

Public Record #305082468

$150,000

+70.7% / yr

Dec 21, 2010

Pending

MIBORMLS #21060222

—
Dec 10, 2010

Expired

MIBORMLS #21039126

—
Dec 10, 2010

Listed (Active)

MIBORMLS #21060222

$159,900—
Jul 23, 2010

Listed (Active)

MIBORMLS #21039126

$169,900—
Feb 18, 2010

Expired

MIBORMLS #2849268

—
Aug 19, 2008

Listed (Active)

MIBORMLS #2849268

$205,000—
Mar 2, 2007

Sold (Public Record)

Public Record #238793034

$18,600—
Sep 23, 2005

Sold

MIBORMLS #2518462

$189,000—
Aug 29, 2005

Pending

MIBORMLS #2518462

—
Mar 30, 2005

Listed (Active)

MIBORMLS #2518462

$199,900—
DateEvent & SourcePrice
09/12/2025

Price Change

MIBORMLS #22050247

$269,400
08/17/2025

Price Change

MIBORMLS #22050247

$269,900
08/02/2025

Listed (Active)

MIBORMLS #22050247

$275,000
08/31/2016

Sold

MIBORMLS #21413860

$172,500
08/30/2016

Sold (Public Record)

Public Record #578574614

$172,500

+2.5% / yr

08/14/2016

Pending

MIBORMLS #21413860

—
07/01/2016

Price Change

MIBORMLS #21413860

$177,500
04/26/2016

Listed (Active)

MIBORMLS #21413860

$182,500
01/27/2011

Sold

MIBORMLS #21060222

$150,000
01/26/2011

Sold (Public Record)

Public Record #305082468

$150,000

+70.7% / yr

12/21/2010

Pending

MIBORMLS #21060222

—
12/10/2010

Expired

MIBORMLS #21039126

—
12/10/2010

Listed (Active)

MIBORMLS #21060222

$159,900
07/23/2010

Listed (Active)

MIBORMLS #21039126

$169,900
02/18/2010

Expired

MIBORMLS #2849268

—
08/19/2008

Listed (Active)

MIBORMLS #2849268

$205,000
03/02/2007

Sold (Public Record)

Public Record #238793034

$18,600
09/23/2005

Sold

MIBORMLS #2518462

$189,000
08/29/2005

Pending

MIBORMLS #2518462

—
03/30/2005

Listed (Active)

MIBORMLS #2518462

$199,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1117 Reserve Way

Taxable ValueLand$26,700Additions$186,500Total$213,200
Tax Record2024$2,517 ($210 / month)
Home Facts
Beds0Lot Size2,335 SqFtStyleCondominiumCountyMARIONAPN49-03-36-123-087.000-801

Schools near 1117 Reserve Way

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Charter - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 8
Rating
School
Distance
Louis B. Russell Jr. School 48
CharterPK to 6

Robert Lee Frost School 106
PublicPK to 6

Charles Warren Fairbanks School 105
PublicPK to 6

James Whitcomb Riley School 43
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1117 Reserve Way is a condo for sale in Indianapolis, IN 46220. This property was listed for sale on August 2, 2025 by Mike Thomas Associates, it's currently listed at $269,400. It has been on the market for a total of 99 days and was last sold on August 31, 2016. This listing's school district is Indianapolis Public Schools. Nearby schools include Louis B. Russell Jr. School 48, Robert Lee Frost School 106 and Charles Warren Fairbanks School 105. 1117 Reserve Way is a 2-bed, 1-bath, 1,231 sqft condo built in 2004.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Mike Thomas Associates

Based on information submitted to the MLS GRID as of 02/06/2026 09:50 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.