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1737 E 72nd Street

Indianapolis, IN 46240

1 bed
1 bath
1,005 sqft
7,841 sqft lot
$278 per sqft
1933 build

Discover an unparalleled investment opportunity nestled amidst the serene woods of Ravenswood. This exceptional property spans 5 parcels totaling over an acre of wooded beauty. Convenient access to Broadripple, Downtown Indy, and the Northside. Boasting not just one, but two fully updated turn-key cabins, this offering is truly one-of-a-kind opportunity. The primary cabin exudes charm with its brand-new kitchen and bathroom, complemented by a cozy living room featuring a fireplace AND a fully enclosed wrap around porch with heating and air with a brand new 8-person luxury hot tub. An expansive loft upstairs offers flexibility for a large bedroom or two smaller ones, ensuring ample space for relaxation. Meanwhile, cabin two (520 sq. ft.) , a stylish studio, comes complete with a kitchen, laundry facilities, and a sprawling new deck ideal for outdoor gatherings and leisure. Both cabins have undergone meticulous updates, ensuring they are not only aesthetically pleasing but also fully functional and primed for immediate enjoyment. Whether envisioning your dream retreat or seeking a lucrative Airbnb venture, this property stands ready to fulfill your aspirations. Don't miss this rare opportunity to own a slice of tranquility with limitless potential in the heart of Indianapolis' most coveted locales.

Listing courtesy of MIBOR / Hoosier Roots Real Estate Solutions, LLC

Last checked: Checking… • Last updated Nov 2, 2024 •

MLS# 22009827 —

The Building

Year Built:

1933
New Construction:

false
Construction Materials:

Log Siding
Architectural Style:

Log
Levels:

Two
Basement:

true
Foundation Details:

Block
Exterior Features:

Balcony, Outdoor Fire Pit, Storage Shed
Accessibility Features:

No
Green Certification:

No
Upper SqFt:

368
Building Area Total:

1189

Interior

Rooms:

4
Rooms Total:

4
Rooms Total:

4
Interior Features:

Eat-in Kitchen
Kitchen Features:

Kitchen Updated
Eating Area:

Dining Combo/Kitchen
Fireplaces Total:

1
Fireplace Features:

Family Room

Room Dimensions

SqFt:

1005
Main Level SqFt:

637
Living Area:

1005

Location

Directions:

GPS Friendly
Latitude:

39.884984
Longitude:

-86.128946

The Property

View:

true
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Parcel Number:

490325122099000800
Acres:

1-3 Acres
Lot Features:

Wooded
Lot Size Acres:

1.14
Lot Size SqFt:

7,841 Sqft
Price Per Acre:

245613
Property Condition:

Updated/Remodeled
Additional Parcels:

true
Additional Parcels Description:

5 total: 8024136; 8024143; 8024146; 8024147; 8024186
Horse Amenities:

None

Listing Agent

Contact info:

Taxes

Tax Lot:

3/196
Tax Year:

2023
Semi Annual Property Tax Amt:

495

Beds

Beds:

1
Bedrooms:

1
Bedrooms Total:

1
Primary Bedroom Description:

Bedroom 2nd Primary
# of Bedrooms Upper:

1

Baths

Baths:

1
Full Baths:

1
Full Baths:

1
Full Baths Main:

1

Heating & Cooling

Heating:

Forced Air
Cooling:

Central Electric

Utilities

Water Source:

Municipal/City
Solid Waste:

No

Appliances

Appliances:

Dishwasher, Disposal, Gas Water Heater, Microwave, Gas Oven, Refrigerator

Schools

High School District:

MSD Washington Township

The Community

Subdivision Name:

Ravenwood
Spa:

true
Spa Features:

Above Ground
Pool Private:

false
Association:

false

Parking

Garage:

false

Monthly cost estimate

Asking price

$279,999

Expense	Monthly cost
Mortgage	$1,499
Taxes	$82
Insurance	$76
Utilities	$129 See report
Total	$1,786/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
11/2/24 Nov 2, 2024	Listed / Active	MIBOR	$279,999	273.3% (27.6% / YR)
9/10/24 Sep 10, 2024	Price Changed	MIBOR
8/30/24 Aug 30, 2024	Price Changed	MIBOR

40% of nearby similar homes sold for over asking price

Similar homes that sold in bidding wars went $10k above asking price on average, but some went as high as $32k over asking price.

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This house located in Ravenswood, Indianapolis, IN 46240 is currently for sale for $279,999. 1737 E 72nd Street is a 1,005 square foot house with 1 bed and 1 bath. 1737 E 72nd Street is in the Ravenswood neighborhood of Indianapolis. This house is in the attendance area of Eastwood Middle School, Clearwater Elementary School, and North Central High School.

Listing Courtesy of: MIBOR and Hoosier Roots Real Estate Solutions, LLC.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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