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1612 E 71ST ST INDIANAPOLIS, IN 46220
- Vacant Land / Resale (MLS)
Property Details for 1612 E 71ST ST, INDIANAPOLIS, IN 46220
Features
- Lot Size: 0.17 acres
Facts
- Property ID: 901270645
- MLS Number: 21991164
- Parcel Number: 49-03-25-122-003.000-800
- Property Type: Vacant Land
- County: Marion
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.
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Property Brokerage:
Carpenter Realtors
City Center Drive 790
Carmel
IN
46032
Copyright © 2024 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.