324 South College Avenue

324 South College Avenue

Indianapolis, IN 46202

$650,000
Price
7,840 / 0.18
Lot Size / Acres

Description

Unlock the essence of urban luxury living with this exceptional vacant lot, perfectly situated in the vibrant heart of Indianapolis and ready to be split and developed into two stunning homes. This prime parcel not only boasts fully approved design plans and permits for both properties but also expedites the building process for the discerning buyer. Ready for immediate construction, the meticulously crafted designs set the stage for two sophisticated luxury homes adorned with high-end finishes,...Unlock the essence of urban luxury living with this exceptional vacant lot, perfectly situated in the vibrant heart of Indianapolis and ready to be split and developed into two stunning homes. This prime parcel not only boasts fully approved design plans and permits for both properties but also expedites the building process for the discerning buyer. Ready for immediate construction, the meticulously crafted designs set the stage for two sophisticated luxury homes adorned with high-end finishes, ensuring unparalleled residences of timeless elegance. This turnkey opportunity seamlessly merges luxury and convenience, offering a distinctive blend of sophistication and modern living. With projected home values exceeding $1.1M each, this project eagerly awaits the vision of a discerning buyer poised to make a lasting impact on this flourishing neighborhood. Nestled in the Fletcher Place neighborhood, a burgeoning area near downtown Indianapolis, this project stands as a beacon of revitalization, surrounded by a collection of new builds and fully renovated homes. Seize the chance to bring these dream homes to life in a location characterized by growth and potential. These ready-to-build lots invite you to craft two masterpieces and embrace the dynamic energy of a neighborhood on the rise, all while making a handsome profit from the endeavor. Copies of recent appraisals, architectural plans, and spec sheets are all included and available for review. Another similar property is also available for a package deal (828 N Oriental). Act quickly for maximum ROI!
  1. Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com

Property Details for 324 South College Avenue

Subdivision Name
Rays
Township
Center SE
Waterfront
No
Zoning
Residential D-8

Location

Listing Courtesy of Keller Williams Indpls Metro N
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LISTING UPDATED: 04/12/2024 12:19 PM

Property Details for 324 South College Avenue

StatusActive
MLS #21955320
Days on Market146
Taxes$462 semi-annually
HOA Fees$5 / year
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Residential Lots
Year Built-
Lot Size0.18 AC
CountyMarion County

Location

Listing Courtesy of Keller Williams Indpls Metro N
Add your commute

Building Information for 324 South College Avenue

Building Size-Lot Size0.18 AC

Payment Calculator

$3,625 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$77

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 324 South College Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: Use GPS
  • Postal Code: 46202
  • Postal Code Plus4: 4008
  • Road Access: Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
  • Topography: Cleared
  • View: No
Taxes and HOA Information
  • Attic YN: Yes
  • Association Fee Frequency: Annually
  • Association Fee: $5
  • Parcel Number: 491112201002000101
  • Semi Annual Property Tax Amt: 462
  • Tax Exemption: None
  • Tax Year: 2022
  • TaxLot: 92
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Land Characteristics: City,Rectangle
  • Lot Size Square Feet: 7920.0
  • Lot Size Acres: 0.18
  • New Construction: False
  • Number Of Lots: 1
  • Other Structures: No Building
  • Soil Type: Not Applic
Property and Assessments
  • Affected by Disclosures: No
  • Development Status: Not Applicable
  • Divisible: Yes
  • Legal Subdivision: Lot Number Seven (7) in James G. Ray's Subdivision of the East Half of Outlot 92 of the Donations Land of the City of Indianapolis, as per plat thereof, recorded in Plat Book 1, pages 23 and 24, in the office of the Recorder of Marion County, Indiana
  • Ownership Type: Voluntary Fee
  • Photos Count: 5
  • Present Zoning: Historic,Multi-Fam,Single Family
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • Road Surface Type: Asphalt
  • Type: Single Lot
  • Transaction Type: Sale
  • Web Link: www.324SCollege.com
Utilities
  • Facilities Near: Electric,Gas,Sewer,Water,Water & Sewer
  • Facilities On: Not Applicable
  • Sewer: Municipal Sewer Near
  • Solid Waste: No
  • Water: Municipal Water Near By
Interior and Exterior Features
Exterior Features
  • Horse Amenities: None

Property History for 324 South College Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 324 South College Avenue

Taxable ValueLand$60,000Additions-Total$60,000
Tax Record2022$1,440 ($120 / month)
Home Facts
Beds0Total Finished SqFt3,840 SqFtAbove Grade Finished SqFt3,840 SqFtStories1Lot Size7,920 SqFtStyleResidentialYear Built1950ZoningZO01CountyMARIONAPN49-11-12-201-002.000-101

Schools near 324 South College Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Washington Irving School 14
Public - PK to 6
HW Longfellow Med/STEM Magnet Midl
Public - 7 to 8
Arsenal Technical High School
Public - 9 to 12
George Washington Community High School (9-12)
Public - 9 to 12
Rating
School
Distance
Washington Irving School 14
PublicPK to 6

HW Longfellow Med/STEM Magnet Midl
Public7 to 8

Arsenal Technical High School
Public9 to 12

George Washington Community High School (9-12)
Public9 to 12

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.

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More information about 324 South College Avenue, Indianapolis, IN 46202

324 South College Avenue is a 0.18 ac of land for sale in Indianapolis, IN 46202. This property was listed for sale on December 8, 2023 by Keller Williams Indpls Metro N, it's currently listed at $650,000. It has been on the market for a total of 146 days and was last sold on March 24, 2022. This listing's school district is Indianapolis Public Schools. Nearby schools include Washington Irving School 14, HW Longfellow Med/STEM Magnet Midl and Arsenal Technical High School. 324 South College Avenue is a 0-bed, 0-bath, 0.18 ac of land on a 7,840 sq. ft. / 0.18 acres lot.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Indpls Metro N

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.