324 S College Avenue
Indianapolis, IN 46202
- – beds
- – baths
- – sqft
- 7,920 sqft lot
WOW! Don't miss this rare chance to craft two modern masterpieces in one of Indianapolis' most sought-after neighborhoods. Nestled in the highly desirable Fletcher Place Historic District in downtown Indy, this large .18ac parcel is surrounded by a vibrant community of new builds and beautifully restored homes, making it a hub of growth and revitalization. The lot is ready to be split into two separate parcels so construction can begin on each build. The sale price includes approved design plans and permits for two stunning two-story luxury residences each featuring 4 bedrooms, 4.5 bathrooms, and a fully finished basement, offering nearly 4,000 sq ft of elegant living space. With both the city and IHPC already granting approvals, the construction process is streamlined, allowing you to separate the parcels, break ground immediately, and bring these designs to life. Whether you're an investor seeking a high-return project or an owner-occupant ready to design your dream home, this turnkey opportunity delivers both convenience and sophistication. The thoughtfully crafted plans set the stage for two luxury residences that blend timeless style with modern functionality, featuring high-end finishes throughout. With the projected home values exceeding $1M each, this is your chance to build equity and live in style in one of the city's most flourishing areas. Located in downtown Indy, these lots provide easy access to jobs, shopping, dining, and entertainment - perfect for those who appreciate a vibrant, active lifestyle. Architectural plans, appraisal reports, and detailed spec sheets for both builds are available for review, offering full transparency for discerning buyers. For those looking to maximize their investment, two additional lots at 828 N Oriental are available as part of a package deal, ready to be combined and built on. Act fast to secure these premier lots and bring your dream project to life in one of Indianapolis' most desirable neighborhoods!
Last checked:
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Checking…
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Last updated Nov 8, 2024
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MLS# 22009400 —
The Building
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New Construction:false
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Development Status:Not Applicable
Location
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Directions:GPS Friendly
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Latitude:39.761693
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Longitude:-86.146313
The Property
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View:true
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Property Type:Land
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Property Subtype:Residential Lots
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Parcel Number:491112201002000101
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Acres:<1/4 Acre
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# of Lots:1
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Lot Size Acres:0.18
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Lot Size SqFt:7,920 Sqft
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Price Per Acre:2916667
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Type:Single Lot
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Divisible:Yes
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Zoning:Residential D-8
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Present Zoning:Historic,Multi-Fam,Single Family
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Topography:Cleared
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Land Characteristics:City,Rectangle
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Additional Parcels:false
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View:false
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Waterfront:false
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Horse Amenities:None
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Fence:No
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Soil Type:Not Applic
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Road Access:Frontage Road
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (317) 450-9202
- Office phone:
- (317) 846-6300
Taxes
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Tax Lot:7
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Tax Year:2023
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Semi Annual Property Tax Amt:832
Utilities
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Water:Municipal Water Near By
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Sewer:Municipal Sewer Near
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Rays
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Facilities On:Not Applicable
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Facilities Near:Electric,Gas,Sewer,Water,Water & Sewer
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Association Fee Frequency:Annually
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Association:true
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Association Fee:5
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Ownership Interest Types:Voluntary Fee
Extra Units
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Other Structures:No Building
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/6/24
Nov 6, 2024
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Listed / Active | MIBOR | $525,000 | 144.2% (54.9% / YR) |
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6/3/24
Jun 3, 2024
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Price Changed | MIBOR | ||
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5/15/24
May 15, 2024
|
Price Changed | MIBOR |
