Neighborhood
8123 Summertree Ct, Indianapolis, IN 46256
3 beds · 2 baths · 1,340 sq ft · Lot: 13,504 sq ft · Single Family Home · Last Sold: $173K in 2018 · Built: 1985
Est. Value:
$190K
Est. Rent:
$1.5K/month

8123 Summertree Ct Indianapolis, IN 46256

Get Owner Info
3 beds · 2 baths · 1,340 sq ft · Lot Size: 13,504 sq ft · Single Family Home · I69-Fall Creek
Est. Property Value: $189,533

High Demand Long-Term RentalValued below Market MedianOwned for 5 - 10 YearsOwner Age Above 75Equity Status

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8123 Summertree Ct is in the I69-Fall Creek neighborhood of Indianapolis, IN. It is located in Marion County and ZIP code 46256. This Single Family Home was built in 1985 and is approximately 40 years old. The single family home spans 1340 sq ft with 3 bedrooms and 2 bathrooms and sits on a 13504 sq ft lot. According to public records, it was last sold in 2018 for $172,815. The I69-Fall Creek area of Indianapolis has 361 residential homes with an average size of 1738 sq ft. Analyze and compare real estate investment strategies for properties like this home at 8123 Summertree Ct Indianapolis, IN 46256 with Property Intel by Whitepages.

Investment Potential for 8123 Summertree Ct

The property has a current estimated value of $189,533, which is 15% below the neighborhood median, based on public records. It last sold on October 29, 2018 for $173K. Projected long-term
is $18,000 annually ($1,500 per month) with a 96% occupancy rate.

Discover more Single Family Homes in I69-Fall Creek.
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Long-Term

Gross Rental
$18,000 per year($1,500 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
96%in 46256 zip code
 
View Rental Potential

Owners & Occupancy for 8123 Summertree Ct

This property is owned by Harold L Whitney. Owner contact information includes 6 phone numbers and 5 email addresses.

Property Owners

Cell Phone(317) ***-****View Cell Phone
Residence****************
Landline(317) 926-1304
Distance from Property**********
Email Address******@sbcglobal.netView Email

Residence****************
Landline(317) 549-2449
Distance from Property**********
Email Address******@sbcglobal.netView Email
View All Owner Info

Property Ownership Information

Purchase DateOctober 29, 2018
Property Tax Amount$1,863 in 2023
Purchase Price$172,815

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 73
Resident 2**************** age 77

Property Details for 8123 Summertree Ct

Property Details

Property Sq Ft

Living Area

1,340 sq ft

23% below market

Lot Size

13,504 sq ft

6% below market

Price Per Sq Ft

Living Area

$141 / sq ft

9% above market

Lot Size Area

$14 / sq ft

13% below market

Property condition, age, exterior, etc. for 8123 Summe…
Longitude: -86.02526 Latitude: 39.911764 Parcel Number (APN): 49-02-24-120-006.000-400…
Mortgage originated on through lender: United Wholesale Mtg for$******View Mortgage Details
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Recommended Properties in I69-Fall Creek

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    8214 Warbler Way, Indianapolis, IN 46256

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    7454 Deville Ct, Indianapolis, IN 46256

    3 beds · 2 baths · 1,604 sq ft · Last Sold: $125,000 in 2016 · Built: 1994

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    Est. Value

    8161 Silk Cir, Indianapolis, IN 46256

    3 beds · 2 baths · 1,505 sq ft · Last Sold: $139,000 in 2010 · Built: 1988

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    8140 Warbler Way, Indianapolis, IN 46256

    3 beds · 2 baths · 1,734 sq ft · Last Sold: $165,000 in 2014 · Built: 1977

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    7739 White Dove Dr, Indianapolis, IN 46256

    3 beds · 2 baths · 1,738 sq ft · Last Sold: $164,500 in 2014 · Built: 1980

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    7472 Blue Creek South Dr, Indianapolis, IN 46256

    3 beds · 2 baths · 1,751 sq ft · Last Sold: $199,000 in 2019 · Built: 1984

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    8332 Castle Farms Rd, Indianapolis, IN 46256

    3 beds · 2 baths · 1,324 sq ft · Last Sold: $133,750 in 2022 · Built: 1985

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    7405 Stonegate Ct, Indianapolis, IN 46256

    3 beds · 2 baths · 2,051 sq ft · Last Sold: $237,450 in 2018 · Built: 1994

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    Est. Value

    8026 Bayview Pt, Indianapolis, IN 46256

    3 beds · 2 baths · 1,650 sq ft · Last Sold: $248,000 in 2019 · Built: 1984

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    Est. Value

    7430 Deville Ct, Indianapolis, IN 46256

    3 beds · 2 baths · 1,985 sq ft · Last Sold: $234,900 in 2018 · Built: 1991

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    8623 Quarterhorse Dr, Indianapolis, IN 46256

    3 beds · 2 baths · 1,665 sq ft · Last Sold: $185,000 in 2018 · Built: 1987

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    Est. Value

    8164 Summertree Ct, Indianapolis, IN 46256

    3 beds · 2 baths · 1,410 sq ft · Last Sold: $180,000 in 2018 · Built: 1985

Market Benchmarks

Compare data for 8123 Summertree Ct in Marion County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$189,533
$209,089
-$19,556 (-9%)
$******
$310,205
-$92,497 (-30%)
YoY Price Change
****%
3.01%
205%
Year Built
1985
1972
13 years
Living Space
1,340 sq ft
1,582 sq ft
-242 (-15%)
$ Per Living Sq Ft
$141
$136
$5 (4%)
Lot Size
13,504 sq ft
12,807 sq ft
697 (5%)
$ Per Lot Sq Ft
$14
$19
-$5 (-27%)

Net Operating Income
$*****
$14,155
-$1,809 (-13%)
Annual Revenue
$18,000
$19,800
-$1,800 (-9%)
$****
$5,253
$401 (8%)
Net Operating Income
$*****
$14,155
-$1,809 (-13%)
Cap Rate
****%
6.3%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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