Townhouse / Rowhouse home in 1296 Shadow Ridge Rd Indianapolis, IN
This Townhouse condo in Indianapolis, IN offers 2 bedrooms and 2 bathrooms across 1,650 square feet. Its Townhouse character defines the property's look.
| Price | $315,000 |
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| Beds | 2 |
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| Baths | 2 |
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| Sqft | 1650 |
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| Architectural style | Townhouse / Rowhouse (69% match) |
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| Address | 1296 Shadow Ridge Rd Indianapolis, IN 46280 |
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Why buy this home
- Confirmed Townhouse / Rowhouse architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced above comparable homes.
- At $315K, this home is 9% above the $290K median for 141 similar Townhouse / Rowhouse homes in Indianapolis, IN.
- That works out to $191 per square foot, 21% above the $158 comparable rate.
- On the market 15 days.
| This home | $315,000 |
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| Townhouse / Rowhouse median in Indianapolis, IN | $289,595 (141 homes) |
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| Price per sq ft | $191 vs. $158 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,063/month with 20% down at a 7.28% 30-year fixed rate. You would need about $88,407 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,724/mo |
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| Property tax (new-buyer reassessed rate) | $221/mo |
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| Homeowners insurance | $118/mo |
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| Total monthly | $2,063/mo |
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| Down payment (20%) | $63,000 |
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| Income needed | $88,407/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (67 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (67/100) |
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| Beats renting in | 22% of modeled paths |
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| Modeled 5-yr equity (median) | $161,616 |
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| Range (10th to 90th pct) | $98,711 to $238,804 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in Indianapolis, IN have risen about 23% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto