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3005 Broadway St
Score
62
Indianapolis, IN

3005 Broadway St

265K
3 bd • 2 ba • 2,911 sf

This analysis was generated on 4/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$265,000
+6%vs 46205
Price/Sq.Ft
$91
-30%vs 46205
Above Fair Value
1.9% above range

Current Price

$265,000

Fair Range

$240,000 - $260,000

$265,000
Below Market-20%
Above Market+20%

Negotiation Leverage

4 points to consider in your offer

Recommended Offer

$255,000
Success Probability:High(75%)

AI Rationale

The offer reflects the fair market value considering price reductions, below-average price per sqft, potential hidden repairs, and nearby school impact. The seller's motivation and winter market timing support this strategy.

Overall Score
62
50
Home Condition
50
Natural Light
67
Value
68
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Ownership History

Previous ownership changes and transaction details

Dec
2018
$122,500Financed
December 21, 2018
From:Six Tail Holdings Llc
To:Andrew Tullis
Warranty Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$265,000
-30%List: $265,000+30%
20%
$53,000of $265,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$71,258
Closing Costs
+$18,258
Down Payment
$53,000
Buyer Agent Fee
$6,758
Loan Fees
$2,120
Title & Escrow
$1,590
Inspections
$900
Transfer Tax
$2,915
Prepaid Expenses
$3,975

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
0 days
vs 59 day average
This is a new listing, while homes in this area typically sell in 59 days
Inventory Health
94
homes for sale
32 homes sold last month, indicating 2.9x more supply than demand
Price Dynamics
99.7%
of asking price
Homes typically sell for 0.3% below asking price

Price Trajectory

$276,500
Current median price
-13.8%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is strongly cooling
Prices are down 5.5% over the last 3 months
3 Months
-5.5%
6 Months
-10.8%
1 Year
-13.8%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 215.4% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$276,500
3 Months Ago
$195,000
+41.8%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$265,000
Price/sqft
$91
Layout
3 bd2 ba
NaN

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$248,515

6.6%

Your price is 6.6% above average

Median Price

$280,000

5.4%

Based on 6 recent sales

Price per Sq.Ft

$113

19.4%

Your price is 19.4% below average $/sqft

Comparable Properties

3738 Ruckle Street, Indianapolis, IN 46205
Price: $280,000
Sq.Ft: 2,588
Beds/Baths: 3/2
$/Sq.Ft:
$10818.8%
Sale Date: 11/26/2024
2221 Carrollton Avenue, Indianapolis, IN 46205
Price: $420,000
Sq.Ft: 2,560
Beds/Baths: 4/3
$/Sq.Ft:
$16480.2%
Sale Date: 2/28/2025
2913 Macpherson Avenue, Indianapolis, IN 46205
Price: $205,000
Sq.Ft: 3,086
Beds/Baths: 4/3
$/Sq.Ft:
$6627.0%
Sale Date: 1/30/2025
2619 Guilford Avenue, Indianapolis, IN 46205
Price: $250,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 3/4/2025
544 Central Court N, Indianapolis, IN 46205
Price: $35,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 2/26/2025
512 E 33rd Street, Indianapolis, IN 46205
Price: $301,090
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 1/28/2025

Schools

Details about nearby schools in this area

Neighborhood Mobility

How easily you can get around with or without a car

Scores are out of 100. Higher scores indicate better accessibility. Data provided by Walk Score®.

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 2 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect the attic for proper ventilation, insulation, and signs of leaks or water damage.

Thoroughly inspect the basement/foundation for cracks, water stains, or signs of settling.

Questions to Ask

Important questions to ask during the tour

Can you provide documentation for all the updates and home improvements listed, including warranties and permits?

What type of 'other' heating system is present in addition to the forced air natural gas system?

Can you provide a copy of the seller's disclosure?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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