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1612 E 71st Street, Indianapolis, IN 46220

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For Sale

$42,000

0.17 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 0.2 acres
    Lot size

Explore this Property

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.
MLS# 21991164

Courtesy Of Carpenter Realtors

18006301727

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.17 Acres

Map and Directions

Directions to 1612 E 71st Street, Indianapolis, IN 46220

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 873-1700
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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