masterkey logo
1013 Saint Charles Pl
Greenwood, IN

1013 Saint Charles Pl

$315,000
4 bd • 3 ba • 2,088 sf

This analysis was generated by artificial intelligence on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

Listen

AI Property Analysis

0:00
0:00 / 0:00
List Price

$315,000

Price/Sq.Ft

$151

Year Built

1996

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This 2,088 sqft home in Greenwood, IN offers exceptional value at $150.86/sqft, which is significantly below the area average. Built in 1996, it features 4 bedrooms and 3 bathrooms, providing ample space for families. Recent major upgrades include a new roof (2024), new A/C system, and new furnace, reducing immediate maintenance concerns. The property boasts unique features like soaring ceilings and a private pond view, enhancing its appeal. Its location is prime, with highly-rated schools (Southwest Elementary 7/10, Greenwood Middle 6/10) just 0.4 miles away. The median income of $79,931 in the area suggests strong neighborhood stability. With a list price of $315,000, it's positioned well for appreciation, considering its last sale at $139,000 in 2006 represents a 126% increase over 18 years.

The Bad

The property has experienced some price volatility, with multiple price changes in 2024, potentially indicating challenges in accurate valuation. The current list price of $315,000 is a 4.5% decrease from its initial listing at $330,000 in July 2024. Some flooring materials (vinyl in kitchen, laminate in some rooms) may be less desirable for high-end buyers. The home's age (27 years) suggests that some systems and fixtures, while functional, may be nearing the end of their lifespan. The local high school's rating of 5/10 might be a concern for families with older children.

The Ugly

The property's history shows significant price fluctuations, including a dramatic 137.4% increase from its last sale price to its initial 2024 listing, which could raise questions about market stability or potential over-valuation. The rapid growth in Greenwood presents risks of overcrowding, particularly in schools, and potential strain on local infrastructure. Some areas of Greenwood are susceptible to flooding, and while flood risk for this specific property is unknown, it's a critical factor to investigate, especially given the mention of a nearby pond. The multiple price reductions in 2024 might indicate difficulties in selling, possibly due to overpricing or market conditions.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for growing families with a household income around $100,000-$120,000, based on the area's median income and typical mortgage affordability ratios. It's particularly suitable for those prioritizing space, recent updates, and proximity to good elementary and middle schools. The home would appeal to buyers who value unique features like high ceilings and water views. With its recent updates and potential for appreciation, it could also attract investors looking for long-term rental properties, as the current market rent for a 4-bedroom home in the area is around $1,800/month.

Not For

This property is not suitable for buyers seeking a fully updated, move-in ready luxury home, as some finishes (like vinyl and laminate flooring) may require upgrading. It's not ideal for those prioritizing walkability or urban living, as many Greenwood areas are car-dependent. Buyers with a budget under $280,000 or over $350,000 would find this property either unaffordable or not meeting their luxury expectations. It's also not suitable for those seeking new construction or those unwilling to potentially deal with maintenance issues typical of 25+ year old homes.
Demographics
Area Median Income

$79,931

Price Prediction Challenge

Think you know what 1013 Saint Charles Pl will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Risk Assessment

Risk Analysis

Potential risks include: 1. Flooding: Given Greenwood's susceptibility in some areas and the mentioned pond, flood risk assessment is crucial. 2. Infrastructure strain: Rapid local growth may lead to overcrowded schools and increased traffic. 3. Market volatility: The property's price history shows significant fluctuations, indicating potential market instability. 4. Future maintenance costs: While major systems are new, other elements of the 27-year-old home may need updates. 5. School quality concerns: The lower-rated high school (5/10) could impact long-term property value. 6. Potential over-valuation: The substantial price increase since 2006 and recent price reductions warrant careful market analysis. 7. Limited walkability: The car-dependent nature of many Greenwood areas could be a future liability as preferences shift towards walkable neighborhoods.

Financials

Monthly Costs
Market Rent (4 bed)

$1,800

Get a detailed rental estimate on Zillow®
HOA Fee

$11

Price History

Property Taxes

$1,878
2023 Tax Assessment
27.8%from previous year
Assessed Value$248,600
Tax Rate0.76%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$287,583

-8.7% below list price

Median Price

$312,000

Based on 6 recent sales

Price per Sq.Ft

$146

Comparable Properties

885 Waveland Lane, Greenwood, IN 46143
Price: $300,000
Sq.Ft: 2,104
Beds/Baths: 4/3
$/Sq.Ft:
$1435.5%
Sale Date: 11/8/2024
568 Gatewood Drive, Greenwood, IN 46143
Price: $337,500
Sq.Ft: 2,156
Beds/Baths: 4/3
$/Sq.Ft:
$1573.8%
Sale Date: 9/18/2024
670 Morgan Way, Greenwood, IN 46143
Price: $322,000
Sq.Ft: 2,206
Beds/Baths: 4/3
$/Sq.Ft:
$1463.2%
Sale Date: 9/20/2024
443 Alton Drive, Greenwood, IN 46143
Price: $284,000
Sq.Ft: 1,708
Beds/Baths: 4/3
$/Sq.Ft:
$16610.2%
Sale Date: 10/30/2024
1311 Freemont Lane, Greenwood, IN 46143
Price: $170,000
Sq.Ft: 1,731
Beds/Baths: 3/3
$/Sq.Ft:
$9834.9%
Sale Date: 9/23/2024
1212 Plymouth Rock Way, Greenwood, IN 46142
Price: $312,000
Sq.Ft: 1,856
Beds/Baths: 4/3
$/Sq.Ft:
$16811.4%
Sale Date: 8/28/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$9,450

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results