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$1,975,000   Price Analysis
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868 N Raceway Rd
Indianapolis, IN 46234
3 bed 4 bath 3,665 SqFt ($538/SqFt)
9.04 acre lot. Built 1993
Listed 2023-10-31, Taxes $5,334
Ⓧ USDA Ineligible
due to price & location

near Indianapolis

Over 9 acres of commercial opportunity on high traffic road!

Main home features charming sunroom/flex-room, 22' ceilings in exceptional room, inground pool w/heater, finished basement w/kitchenette and egress windows, 3 beds, 4 baths, 3 car garage, Bose speakers installed throughout and everything needed to entertain inside or out.

Rental home features 3 beds and 1.5 baths. Currently rented month to month @ $1350. 40x40 ple barn with 200 amp service. Keep the homes and build your business for additional income or utilize the entire acreage for your business to come to life. Crop rig hts apply until next season. Seller will not divide. Please do not walk the property without scheduling a showing with a Realtor.


Presented by Miranda Payne at
Carpenter Realtors, Plainfield.


Property MLS #21950950 from MIBOR

Bedrooms: 3
Bedrooms On Main Level: 3
Primary Bedroom Dimensions: 15 x 19
Primary Bedroom Level: Main
Primary Bedroom Description: Closet Walk in

Total Rooms: 11
Basement Features: Finished
Florida Room Dimensions: 15 x 19
Great Room Dimensions: 16 x 20
Florida Room Level: Main
Great Room Level: Basement

Total Bathrooms: 4
Full Bathrooms: 2
1/2 Bathrooms: 2
Full Bathrooms On Main Level: 2
Half Bathrooms On Main Level: 1
Half Bathrooms On Basement Level: 1

Attic Access
Tray Ceiling(s)
Vaulted Ceiling(s)
Center Island
Paddle Fan
Surround Sound Wiring
Walk-in Closet(s)

Gas Cooktop
Gas Oven
Tankless Water Heater
Laundry Features: In Basement

Cooling Features: Central Electric
Fireplace Features: Gas Log
Heating Features: Forced Air, Gas
Number of Fireplaces: 1

Dining Area Description: Formal Dining Room
Kitchen Dimensions: 16 x 21
Kitchen Level: Main

Barn Mini
Barn Pole
Out Building With Utilities
Fencing: Partial
Patio And Porch Features: Covered Porch, Deck Main Level

Additional Parcels: Yes
Lot Description: Access, Rural - Not Subdivision
Lot Size Acres: 9.04
Lot Size Square Feet: 393782

Pool Features: In Ground
Pool Private: Yes

Garage Spaces: 3
Parking Features: Attached
Garage Sqft: 750

High School District: Avon Community School Corp

Avon Middle School North is a public middle school located approximately 2.7 miles away.
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Maple Elementary School is a public elementary school located approximately 3.5 miles away.
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Avon High School is a public high school located approximately 4 miles away.
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Our Shepherd Lutheran School is a private elementary and middle school located approximately 0.4 miles away.
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Calculated Total Monthly Association Fees: 0

Source Listing Status: Active
County: Hendricks
Directions: Located on west side of Raceway Rd, between Rockville and 10th St.
Tax Year: 2023
Source Property Type: Residential
Area: 3204 - Hendricks - Washington
Source Neighborhood: 3204 - Hendricks - Washington
Parcel Number: 320905200017000022
Postal Code Plus 4: 9213
Township: Washington
Property Subtype: Farm
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$385,500 + $56,500
$442,000
$5,334
2020$311,100 + $55,600
$366,700
$4,501
2020$340,900 + $55,700
$396,600
$4,501
2019$299,000 + $51,800
$350,800
$4,434
2018$294,200 + $51,700
$345,900
$4,636
2017$294,200 + $51,700
$345,900
$3,815
2016$286,700 + $52,200
$338,900
$3,663
2015$275,300 + $50,500
$325,800
$3,551
2014$257,800 + $50,500
$308,300
$3,385
2013$244,100 + $49,200
$293,300
$3,263
2012$250,200 + $48,700
$298,900
$3,301
2011$274,600 + $42,800
$317,400
$3,434
2010$274,600 + $42,000
$316,600
$3,388
2009$274,600 + $41,500
$316,100
$3,675
2009$274,600 + $41,700
$316,300
$3,675
2008$281,100 + $41,700
$322,800
$7,020

Price Changed 2024-05-06
$1,975,000
MIBOR
Listed 2023-10-31
$2,000,000
MIBOR

Total Square Feet Living: 3665
Year Built: 1993
BelowGradeFinishedArea: 1114
Construction Materials: Brick
Foundation Details: Concrete Perimeter, Partial
Levels: One
Property Age: 31
Total Area Main: 2551
Architectural Style: TraditonalAmerican

Cable Available
Electricity Connected
Gas
Water Source: Municipal/City

Other Equipment: Sump Pump
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.