Score
0Zionsville, IN
115 Lexington Ct
404K
4 beds
2 baths
2,226 sqft
4 bd • 2 ba • 2,226 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$403,800
Price/Sq.Ft
$181
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 115 Lexington Ct, Zionsville, IN 46077 offers excellent value at $181.40/sqft, which is approximately 25% below the Zionsville average of $240/sqft. With 2,226 sqft, it's 15% larger than the typical 4-bedroom home in the area (average 1,900 sqft). The 4 bedrooms and 2 bathrooms provide ample space for families or those needing extra rooms. The location in a cul-de-sac offers a quieter, family-friendly setting with less through traffic. The property features mature trees, providing natural shade and aesthetic appeal. The two-car garage offers convenient parking and storage. Based on the image, the home appears well-maintained with a neat exterior and landscaping.
The Bad
The driveway and cul-de-sac show significant cracking, indicating potential need for repaving in the near future (estimated cost: $5,000-$8,000). The lack of detailed property features and description suggests possible outdated interiors or systems that may require updates. The unknown build year raises concerns about potential hidden issues or outdated systems. The price point, while competitive, may indicate needed renovations or updates to bring the property to current market standards.
The Ugly
The extensive cracking in the cul-de-sac pavement suggests possible underlying drainage or soil stability issues that could affect the property's foundation (potential repair costs: $10,000-$50,000). The lack of information on utilities and systems is concerning, as it could hide significant issues with HVAC, plumbing, or electrical systems. If the home was built before 1978, there's a risk of lead-based paint and asbestos, which could require costly remediation (estimated cost: $15,000-$25,000). The absence of listed features might indicate a lack of modern amenities or energy-efficient upgrades, potentially leading to higher utility costs and decreased market competitiveness.
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 best suited for families or individuals with household incomes around $120,000-$140,000, based on the median income of $145,774 in Zionsville. It's ideal for first-time homebuyers or young families looking for space to grow, as the 4 bedrooms provide flexibility. The cul-de-sac location makes it perfect for families with children, offering a safer play area. It could also appeal to investors looking for a property with potential for value-add renovations, given the competitive price point and possible outdated features.
Not For
This property is not suitable for luxury buyers seeking modern, high-end finishes or smart home technology, as these features are not mentioned and likely not present. It's also not ideal for those unable or unwilling to potentially invest in significant updates or repairs. Buyers looking for a turnkey property with detailed information on recent upgrades should look elsewhere. Additionally, it may not suit those with mobility issues, as we don't have information about accessibility features.
Demographics
Area Median Income
$145,774
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 3, 2008Rebecca A JonesDavid L Jones
Quit Claim Deed
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
9.0/10
ExcellentHigh
9.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,130
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$403,800
Price/sqft
$181
Layout
4 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$505,000
20.0%
Your price is 20.0% below average
Median Price
$540,000
25.2%
Based on 6 recent sales
Price per Sq.Ft
$230
21.1%
Your price is 21.1% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 50 Village Court, Zionsville, IN 46077 | $410,000 | 2,082 | 4 | 3 | $1978.6% | 11/4/2024 |
| 985 W Oak Street, Zionsville, IN 46077 | $670,000 | 2,204 | 4 | 3 | $30467.6% | 10/10/2024 |
| 680 Terrace Drive, Zionsville, IN 46077 | $540,000 | 2,476 | 4 | 3 | $21820.2% | 11/15/2024 |
| 880 W Oak Street, Zionsville, IN 46077 | $550,000 | 2,340 | 4 | 3 | $23529.6% | 10/4/2024 |
| 140 Lexington Drive, Zionsville, IN 46077 | $475,000 | 2,213 | 4 | 3 | $21518.3% | 9/12/2024 |
| 47 Dapple Court, Zionsville, IN 46077 | $385,000 | 1,828 | 4 | 3 | $21116.1% | 10/8/2024 |
50 Village Court, Zionsville, IN 46077
Price: $410,000
Sq.Ft: 2,082
Beds/Baths: 4/3
$/Sq.Ft:
$1978.6%
Sale Date: 11/4/2024
985 W Oak Street, Zionsville, IN 46077
Price: $670,000
Sq.Ft: 2,204
Beds/Baths: 4/3
$/Sq.Ft:
$30467.6%
Sale Date: 10/10/2024
680 Terrace Drive, Zionsville, IN 46077
Price: $540,000
Sq.Ft: 2,476
Beds/Baths: 4/3
$/Sq.Ft:
$21820.2%
Sale Date: 11/15/2024
880 W Oak Street, Zionsville, IN 46077
Price: $550,000
Sq.Ft: 2,340
Beds/Baths: 4/3
$/Sq.Ft:
$23529.6%
Sale Date: 10/4/2024
140 Lexington Drive, Zionsville, IN 46077
Price: $475,000
Sq.Ft: 2,213
Beds/Baths: 4/3
$/Sq.Ft:
$21518.3%
Sale Date: 9/12/2024
47 Dapple Court, Zionsville, IN 46077
Price: $385,000
Sq.Ft: 1,828
Beds/Baths: 4/3
$/Sq.Ft:
$21116.1%
Sale Date: 10/8/2024
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