$4,097

closing credit¹

1056 Reserve Way Indianapolis, IN 46220

$345,000
3 beds
2 full
1,946 sqft
0.05 acres
$177 / sqft
Condo

Property details

About 1056 Reserve Way

Welcome Home! This rare 3 bed, 2 bath condo has everything you are looking for with condo living - direct access to the Monon Trail, minutes from Broad Ripple Village, zero-maintenance lifestyle, HOA paid water/sewer, and one of the only communities in the area with a pool! On the ground floor you will find a 2 car attached garage and small mudroom which leads up to the front door area. The main level is all about entertaining with its' large living room with vaulted ceilings, open concept kitchen featuring granite countertops, center island, and stainless steel appliance (newer dishwasher), open dining room, guest bed with full bathroom, and a large laundry/utility room. Upstairs are 2 additional bedrooms with vaulted ceilings, another full bath with skylight, and a versatile loft space perfect for an office space or additional lounge area. In addition this condo features in wall surround sound throughout the main and upper level, plenty of closet space throughout, a newer HVAC system with programmable thermostat (2023), newer water heater (2022), and water softener. If that wasn't enough this low HOA fee also includes water and sewer!

Highlights

Home typeCondominium
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Size1,946 sqft
Lot size0.05 Acres
Year built2005
MLS #22017217

Summary

  • MLS Number: 22017217
  • MLS Name: MIBOR
  • Office Name: F.C. Tucker Company
  • Office Email: Andrew.Tarantino@live317.com
  • Listing Agent: Andrew Tarantino

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

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Copyright ©2025 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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Last updated on: 1/17/2025, 10:46:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$345,000

1056 Reserve Way

$4,097

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Oct 21, 2020
Home Sold
$285,000
Dec 10, 2012
Home Sold
$254,000

Tax history

YearAssessmentProperty Tax
2020$271,500$6,296
2019$266,700$6,324
2018$263,500$5,155
2017$240,600$4,868

History based on county public records data.

Nearby schools

3

Fox Hill Elementary School

Public District KG-5

1.9 mi

802 Fox Hill Dr

4

Ace Preparatory Academy

Public Charter KG-5

2.0 mi

5326 Hillside Ave

6

Clearwater Elementary School

Public District KG-5

2.4 mi

3575 E 79th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $68,464. The majority of Indianapolis, IN residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

21%
<35k
43%
35k-100k
26%
100k-200k
10%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

66%
Single, No Kids
3%
Single, with Kids
20%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

9%
<11 yrs old
3%
12-17 yrs old
39%
18-34 yrs old
40%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Yoga/pilatesYoga/pilates
  • Symphony or OperaSymphony or Opera
  • NBA/WNBANBA/WNBA

Where do the neighbors shop?

  • H&MH&M
  • Chico'sChico's
  • New York & CompanyNew York & Company

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • Boston MarketBoston Market
  • QdobaQdoba

What do the neighbors drive?

  • AudiAudi
  • VolvoVolvo
  • InfinitiInfiniti

What do the neighbors listen to?

  • AlternativeAlternative
  • Talk/PersonalityTalk/Personality
  • Active RockActive Rock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1056 Reserve Way

This home is located at 1056 Reserve Way in Indianapolis, IN and zip code 46220 in the Broad Ripple neighborhood. This 1,946 square foot home, which was built in 2005, sits on a 0.05 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $345,000.

Indianapolis, IN housing market in December 2024 saw over 140 listings sold above listed price, more than 233 sold at listed price and over 493 sold below. Between November and December 2024, Indianapolis, IN real estate market has seen decrease in the number of listings by 10.1%. While the average time on the market in December 2024 was 41 days, the median list price was $249,280.

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

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