Luxury Living at affordable pricing.

This townhome has 2 bedrooms and 2.5 bathrooms, granite countertops and stainless-steel appliances. This is an affordable housing build developed by Martindale Brightwood Community Development Corporation (MBCDC). Buyer's income must qualify under current HUD Incme Limits. The property must be owner-occupied for a minimum of 10 years. INCOME RESTRICTIONS APPLY WITHOUT EXCEPTION! HUD HOME Program Income Limits - total combined household income of all members 18+ cannot exceed the following income thresholds: Household of 1: $54, 150, Household of 2: $61, 900, Household of 3: $69, 650, Household of 4: $77, 350, Household of 5: $88, 500, Household of 6: $89, 750.

All buyers must apply for income approval to MBCDC. Room Sizes are not accurate.Interested buyers should be preapproved through their lender for a minimum amount of $175, 000. The $50, 000 difference will be listed as a second mortgage held by the City of Indianapolis as a grant which will fall off after 10 years. Please note: if the homeowner sells before 10 years, then the grant MUST be repaid back to the City before the seller receives any profit and must be sold to another owner-occupied buyer who earns 80% AMI.

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on 2417 N Rural Ave N
in Indianapolis, IN
Presented by Shannon Mcgibboney at
Carpenter Realtors, Broad Ripple.


Property MLS #21984865 from MIBOR

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+ Bedrooms

Bedrooms: 2
Bedrooms On Upper Level: 2
Primary Bedroom Level: Upper
Bedroom 2 Level: Upper
Primary Bedroom Description: Bedroom Split, Closet Walk in

+ Other Rooms

Total Rooms: 5
Living Room Level: Main

+ Bathrooms

Total Bathrooms: 3
Full Bathrooms: 2
1/2 Bathrooms: 1
Half Bathrooms On Main Level: 1
Full Bathrooms On Upper Level: 2

+ Interior Features

Eat-in Kitchen
Programmable Thermostat
Walk-in Closet(s)

+ Appliances

Dishwasher
Disposal
Microwave
Electric Oven
Refrigerator
Water Heater

+ Heating and Cooling

Cooling Features: Central Electric
Heating Features: Electric, Forced Air

+ Kitchen and Dining

Dining Area Description: Dining Combo/Kitchen
Dining Room Level: Main
Kitchen Level: Main

+ Land Info

Lot Size Acres: 0.045
Lot Size Square Feet: 1960

+ School Information

High School District: Indianapolis Public Schools
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Brookside School 54 is a public elementary school located approximately 1.4 miles away.
Map directions

Arlington Community Middle School is a public middle school located approximately 4 miles away.
Map directions

The Oaks Academy - Brookside is a private elementary school located approximately 0.7 miles away.
Map directions

KIPP Indy Legacy High is a public middle and high school located approximately 0.8 miles away.
Map directions

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Source Listing Status: Active
County: Marion
Directions: GPS Friendly
Tax Year: 2022
Source Property Type: Residential
Area: 4912 - Marion - Center Ne
Property Subtype: townhouse
Source Neighborhood: Parker Etal Sub Parker
Parcel Number: 490729147021000100
Subdivision: Parker Etal Sub Parker
Township: Center NE
Property Subtype: Townhouse
Lot Number: B1
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-06-15
$225,000
MIBOR

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Listed 2024-06-14
$174,999
MIBOR

+ Building and Construction

Total Square Feet Living: 1200
Year Built: 2023
Construction Materials: Vinyl Siding
Foundation Details: Crawl Space
Levels: Two
New Construction: Yes
Property Age: 1
Property Attached: Yes
Total Area Main: 600
Total Area Upper: 600
Architectural Style: A-Frame

+ Utilities

Water Source: Municipal/City