Residential Land for Sale in Indianapolis, Indiana
324 S College Ave Indianapolis, IN 46202
Unlock the essence of urban luxury living with this exceptional vacant lot, perfectly situated in the vibrant heart of Indianapolis and ready to be split and developed into two stunning homes. This prime parcel not only boasts fully approved design plans and permits for both properties but also expedites the building process for the discerning buyer. Ready for immediate construction, the meticulously crafted designs set the stage for two sophisticated luxury homes adorned with high-end finishes, ensuring unparalleled residences of timeless elegance. This turnkey opportunity seamlessly merges luxury and convenience, offering a distinctive blend of sophistication and modern living. With projected home values exceeding $1.1M each, this project eagerly awaits the vision of a discerning buyer poised to make a lasting impact on this flourishing neighborhood. Nestled in the Fletcher Place neighborhood, a burgeoning area near downtown Indianapolis, this project stands as a beacon of revitalization, surrounded by a collection of new builds and fully renovated homes. Seize the chance to bring these dream homes to life in a location characterized by growth and potential. These ready-to-build lots invite you to craft two masterpieces and embrace the dynamic energy of a neighborhood on the rise, all while making a handsome profit from the endeavor. Copies of recent appraisals, architectural plans, and spec sheets are all included and available for review. Another similar property is also available for a package deal (828 N Oriental). Act quickly for maximum ROI!!
Property details
- County
- Marion County
- Community
- Rays
- Zoning
- Residential D-8
- Elevation
- 732 feet
- MLS Number
- MIBOR 21955320
- Date Posted
Legal description
Lot Number Seven (7) in James G. Ray's Subdivision of the East Half of Outlot 92 of the Donations Land of the City of Indianapolis, as per plat thereof, recorded in Plat Book 1, pages 23 and 24, in the office of the Recorder of Marion County, Indiana
Parcels
- 491112201002000101
Expenses
- Home Owner Assessments Fee
- $5 annually
Detailed attributes
Listing
- Type
- Lots And Land
- Franchise
- Keller Williams Realty
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
June 4, 2024 | Relisted | $589,000 | $10,000 -1.7% | MIBOR |
June 3, 2024 | Listing removed | $599,000 | — | — |
May 16, 2024 | Price drop | $599,000 | $51,000 -7.8% | MIBOR |
Dec 8, 2023 | New listing | $650,000 | — | MIBOR |