324 South College Avenue

Indianapolis, IN 46202

$525,000
Price
7,840 / 0.18
Lot Size / Acres

Description

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...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!
  1. Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com

Property Details for 324 South College Avenue

Subdivision Name
Rays
Township
Center
Waterfront
No
Zoning
Residential D-8
LISTING UPDATED: 11/06/2024 05:36 PM

Property Details for 324 South College Avenue

StatusActive
MLS #22009400
Days on Market42
Taxes$832 semi-annually
HOA Fees$5 / year
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Residential Lots
Year Built-
Lot Size0.18 AC
CountyMarion County

Building Information for 324 South College Avenue

Building Size-Lot Size0.18 AC

Property Information for 324 South College Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46202
  • Postal Code Plus4: 4008
  • Road Access: Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
  • Topography: Cleared
  • View: No
Taxes and HOA Information
  • Attic YN: Yes
  • Association Fee Frequency: Annually
  • Association Fee: $5
  • Parcel Number: 491112201002000101
  • Semi Annual Property Tax Amt: 832
  • Tax Year: 2023
  • TaxLot: 7
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Land Characteristics: City,Rectangle
  • Lot Size Square Feet: 7920.0
  • Lot Size Acres: 0.18
  • New Construction: False
  • Number Of Lots: 1
  • Other Structures: No Building
  • Soil Type: Not Applic
Property and Assessments
  • Affected by Disclosures: No
  • Development Status: Not Applicable
  • Divisible: Yes
  • DPRYN: No
  • Legal Subdivision: Rays Sub L7 Ol92
  • Ownership Type: Voluntary Fee
  • Photos Count: 13
  • Present Zoning: Historic,Multi-Fam,Single Family
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • Road Surface Type: Asphalt
  • Type: Single Lot
  • Transaction Type: Sale
  • Web Link: https://www.324scollege.com
Utilities
  • Facilities Near: Electric,Gas,Sewer,Water,Water & Sewer
  • Facilities On: Not Applicable
  • Sewer: Municipal Sewer Near
  • Solid Waste: No
  • Water: Municipal Water Near By
Interior and Exterior Features
Exterior Features
  • Horse Amenities: None

Property History for 324 South College Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 324 South College Avenue

Taxable ValueLand$60,000Additions-Total$60,000
Tax Record2023$1,664 ($139 / month)
Home Facts
Beds0Total Finished SqFt3,840 SqFtAbove Grade Finished SqFt3,840 SqFtStories1Lot Size7,920 SqFtStyleResidentialYear Built1950ZoningZO01CountyMARIONAPN49-11-12-201-002.000-101

Schools near 324 South College Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Washington Irving School 14
Public - PK to 6
Longfellow Magnet Middle School
Public - 7 to 8
Arsenal Technical High School
Public - 9 to 12
George Washington Community High School (9-12)
Public - 9 to 12
Rating
School
Distance
Washington Irving School 14
PublicPK to 6

Longfellow Magnet Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

George Washington Community High School (9-12)
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 324 South College Avenue, Indianapolis, IN 46202

324 South College Avenue is a 0.18 ac of land for sale in Indianapolis, IN 46202. This property was listed for sale on November 6, 2024 by Keller Williams Indpls Metro N, it's currently listed at $525,000. It has been on the market for a total of 42 days and was last sold on March 24, 2022. This listing's school district is Indianapolis Public Schools. Nearby schools include Washington Irving School 14, Longfellow Magnet Middle School and Arsenal Technical High School. 324 South College Avenue is a 0-bed, 0-bath, 0.18 ac of land on a 7,840 sq. ft. / 0.18 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Indpls Metro N

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.