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115 Lexington Ct
Zionsville, IN

115 Lexington Ct

$403,800
4 bd • 2 ba • 2,226 sf

This analysis was generated by artificial intelligence 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 The lack of detailed property features and description suggests possible outdated interiors or systems that may require updates. The unknown build year raises concerns about potential hidden issues or outdated systems.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

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Risk Assessment

Risk Analysis

The unknown build year poses risks of outdated systems and potential code violations. The extensive pavement cracking could indicate drainage issues, risking water damage or foundation problems. Lack of information on utilities and systems suggests potential for costly replacements (HVAC: $5,000-$10,000, Electrical: $8,000-$15,000, Plumbing: $5,000-$20,000). The competitive price might reflect needed updates, risking additional investment post-purchase. Zionsville's higher property taxes (typically 1-1.5% of assessed value) could strain budgets. The cul-de-sac's condition might require homeowner contribution to repairs, an unexpected expense.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$505,000

25.1% above list price

Median Price

$540,000

Based on 6 recent sales

Price per Sq.Ft

$230

Comparable Properties

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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