Indianapolis, IN 46220,1612 E 71st ST
See all 2 photos
Indianapolis, IN 46220,1612 E 71st ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Beth Bussell • Carpenter, REALTORS®
$ 42,000
Est. payment /mo
Save
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


MIBOR MLS

Brooke Broady

+1(317) 987-5114

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

1612 E 71st ST