$ 42,000
1612 E 71st ST Indianapolis, IN 46220
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Listed by Beth Bussell • Carpenter, REALTORS®
$ 42,000
Est. payment /mo
Active
1612 E 71st ST Indianapolis, IN 46220
7,405 Sqft Lot
UPDATED:
07/30/2024 10:35 PM
Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
Subdivision Ravenswood
MLS Listing ID 21991164
Tax Year 2023
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Prime Lot with Privacy and Investment Potential. Key Features of the lot include exclusive privacy; Situated on a block with only two other houses, this lot offers unmatched privacy. Located on the northern half of the block along Stamm Ave between Kingsley Drive and Ralston Ave. The surrounding lots are owned by a single owner who has installed water and electrical utility lines, preparing for new construction. The five lots directly to the east are city-owned, wooded, and form Stamm Park, providing a beautiful, natural view right from your front door. Future development is anticipated; 5-7 newly constructed homes in the area, potentially increasing property values and offering a great investment opportunity. Comparable homes could range from $250,000 to $300,000. Stamm Park extends from your lot line to the next intersection to the east, ensuring a permanent green space and added privacy. The block has been recently equipped with multiple individual water and electrical connections, ready for new construction. One well-maintained house to the west and wooded areas to the south enhance the serene environment. Additionally, a great investment opportunity. With the expected new constructions, this lot is a "no-brainer" for investment, combining privacy and potential for high returns. Enjoy some of the best views in the neighborhood, second only to riverfront properties. Tall trees and thick woods surround the area, creating a picturesque setting.
Location
State IN
County Marion
Zoning RES
Interior
Fireplace N
Building
Sewer Not Applicable
New Construction false
Schools
School District Msd Washington Township
Others
Acceptable Financing Not Applic
Listing Terms Not Applic
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