5 months on rocket

8827 El Rico Dr, Indianapolis, IN, 46240

$425,000

Home List Price

$5,047*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
2,496 SqFt
$170/SqFt
House

Location

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8827 El Rico Dr, Indianapolis$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1953
HeatingNatural Gas
CoolingCentral Air
BasementYes
FireplaceBasement, Family Room, Woodburning Fireplce
MLS #21979859
Lot Size0.80 Acres
StatusActive

About 8827 El Rico Dr

Welcome to your dream home! This exquisite traditional American ranch, located in the heart of Washington Township, is a perfect blend of classic charm and modern luxury. Ideally situated close to North Central High School, this property is nestled on a nearly one-acre lot, offering an expansive outdoor oasis for relaxation and recreation. Step inside to discover a fully remodeled interior that boasts elegance and contemporary comfort. The spacious layout includes four generously sized bedrooms and three and a half bathrooms, ensuring ample space for family and guests. The master suite is a true retreat with a beautifully appointed en-suite bathroom and large walk-in closet. The fully finished basement extends your living space, providing a versatile area perfect for a home theater, gym, or additional family room. With its own full bathroom, this lower level can easily accommodate guests or function as an in-law suite. Outside, the sprawling backyard is a private paradise. Enjoy summer barbecues on the spacious deck, or create your own garden retreat in the lush, manicured grounds. The nearly acre lot offers endless possibilities for outdoor activities and future expansions. Every detail in this home has been meticulously updated, from the new flooring and modern fixtures to the energy-efficient windows and HVAC system. Located in a highly desirable neighborhood with top-rated schools, shopping, and dining nearby, this home offers both tranquility and convenience. Don't miss the opportunity to own this exceptional property - a perfect place to make your home. Schedule your private showing today and experience the best of Indianapolis living!

Property Details

Property Features

Property Information:

  • Architectural Style: TraditonalAmerican
  • Year Built: 1953
  • Living Area: 2,496 SqFt

Listing Office:

  • Office Name: F.C. Tucker Company
  • Office Email: BRITTANY.PERRY@TALKTOTUCKER.COM
  • Listing Agent: Brittany Perry

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Water Heater, Microwave Hood, Gas Oven, Refrigerator, Wine Cooler
  • Basement: Yes
  • Interior: Bath Sinks Double Main, Center Island, Eat-in Kitchen, Programmable Thermostat, Walk-in Closet(s)
  • Fireplace: Basement, Family Room, Woodburning Fireplce

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.80 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • North Central High School, Public District Grades 9-12
  • Northview Middle School, Public District Grades 6-8
  • Nora Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From Keystone, W on 86th St, N on El Rico. Home on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $170/SqFt

Tax Information:

  • Annual Amount: $4,459
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

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Indianapolis, IN

City

Med. Sold Price

$245.5K

Med. Price/SqFt

$139

Avg. Days On Market

31

# of Sold Homes

946

8827 El Rico Dr vs Indianapolis

172 DAYS ON ROCKET

+141 Days

$425,000

+$179.4K More

$170/SqFt

+$31 More

KEY TAKEAWAY

This property is $179.4K more than the Median Sold Price and $31/SqFt more than other homes in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21979859

Listing Office:

  • Office Name: F.C. Tucker Company
  • Office Email: BRITTANY.PERRY@TALKTOTUCKER.COM
  • Listing Agent: Brittany Perry

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by 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.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. 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 Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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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The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/4/2024, 10:46:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,459$203,700
2019$5,023$190,900
2018$6,494$181,000
2017$3,583$178,400

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1901676
4
/10

  • Nora Elementary School

  • 1000 E 91st St

  • 1.00 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1901677
4
/10

  • Northview Middle School

  • 8401 Westfield Blvd

  • 0.71 miles

  • Public District Grades 6-8

High School

school-card-donut-1901678
6
/10

  • North Central High School

  • 1801 E 86th St

  • 0.52 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,724. The most common annual income of people living in Indianapolis, IN is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8827 El Rico Dr

What is the listing price of this property?

The listing price of 8827 El Rico Dr property is $425,000.

What type of property is this?

The property 8827 El Rico Dr is a house located in Indianapolis, Indiana, 46240.

Is this property for sale now?

Active Listing: 8827 El Rico Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8827 El Rico Dr are:
Nora Elementary School: GreatSchools Rating 4/10
Northview Middle School: GreatSchools Rating 4/10
North Central High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,459 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8827 El Rico Dr has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 8827 El Rico Dr is 2,496 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8827 El Rico Dr is 1953.

Rocket Homes›Indiana›Marion County›Indianapolis›46240›8827 El Rico Dr

This home is located at 8827 El Rico Dr in Indianapolis, IN and zip code 46240 in the Nora / Far Northside neighborhood. This 2,496 square foot home, which was built in 1953, sits on a 0.80 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $425,000.

Over 170 listings were sold over their listed price in October 2024 in Indianapolis, IN. In the same period over 519 listings were sold below the listed price and 256 listings were sold for the listed price. Between September 2024 and October 2024, Indianapolis, IN real estate market has seen increase in the number of listings by 3.7%. The median list price of listings available in October 2024 was $245,515, while the average time on the real estate market was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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