$285,000
$294,900
3.4%For more information regarding the value of a property, please contact us for a free consultation.
1401 Castle AVE Indianapolis, IN 46227
4 Beds
4 Baths
4,718 SqFt
Key Details
Sold Price $285,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,718 sqft
Price per Sqft $60
Subdivision Elders University Heights
MLS Listing ID 22024280
Sold Date 04/23/25
Bedrooms 4
Full Baths 2
Half Baths 2
HOA Y/N No
Year Built 1951
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Single Family Residence
Property Description
This property is a double threat, it would make a great property to make your future primary residence, great quiet neighborhood and beautiful corner lot with great yard or purchase as an investment property and rent to University of Indianapolis students, home was previously rented to 6 students and market rate is currently $500 per student. That's 3,000 per month in income and current owner is always getting calls to rent this property, its only 5 minute walk to campus. This is a great ranch style, limestone exterior 4 bed 2.5 bath home very spacious in size with finished basement area and 2 car attached garage, fenced in back yard. Interior has large family room, separate dining area and a fireplace on the first floor and in the finished basement. This property can also qualify for 100% financing with no mortgage insurance with a 680 credit score....feel free to ask for more information on this program.
Location
State IN
County Marion
Rooms
Basement Full, Roughed In, Walk Out, Daylight/Lookout Windows
Main Level Bedrooms 4
Kitchen Kitchen Galley, Kitchen Some Updates
Interior
Interior Features Built In Book Shelves, Raised Ceiling(s), Skylight(s), Windows Thermal, Wood Work Stained, Paddle Fan, Eat-in Kitchen, Entrance Foyer, Hi-Speed Internet Availbl, Programmable Thermostat
Heating Forced Air, Natural Gas
Fireplaces Number 1
Fireplaces Type Basement, Living Room, Masonry, Woodburning Fireplce
Equipment Security Alarm Paid, Sump Pump
Fireplace Y
Appliance Dishwasher, Dryer, MicroHood, Gas Oven, Refrigerator, Washer, Gas Water Heater, Water Softener Owned
Exterior
Garage Spaces 2.0
Utilities Available Cable Connected
View Y/N false
Building
Story One
Foundation Block, Crawl Space
Water Municipal/City
Architectural Style Ranch, TraditonalAmerican
Structure Type Stone
New Construction false
Schools
School District Indianapolis Public Schools
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