Pending

Price cut: $16.4K (6/7)

$198,500

3242 Cherry Lake Rd, Indianapolis, IN 46235

3beds

1,676sqft

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Residential, Single Family Residence

Built in 1988

10,454 Square Feet Lot

$-- Zestimate^®

$118/sqft

$-- HOA

What's special

Attached garageThree-season roomThree bedroomsComfortable living spaceFunctional island

Discover a "fixer upper" that can become a truly inviting home or a fantastic investment opportunity. Built in 1988, this single-family residence offers 1676 square feet of comfortable living space, ready for you to flip or make it your own. The heart of this home is its kitchen, designed for both everyday meals and entertaining. It features a functional island, providing additional prep space and a natural gathering point. With three bedrooms and two full bathrooms, a family room with a fireplace for a focal point and a three-season room with lots of deck space outside, this single-story ranch-style home provides ample space for relaxation and privacy. The attached garage adds convenience and secure parking. Situated on a generous lot with plenty of outdoor space to enjoy. Experience the ease and comfort of this charming ranch home; inquire today to schedule your private viewing.

31 days

616

27

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 3

Primary bedroom

Level: Main
Area: 168 Square Feet
Dimensions: 14x12

Bedroom 2

Level: Main
Area: 154 Square Feet
Dimensions: 14x11

Bedroom 3

Level: Main
Area: 121 Square Feet
Dimensions: 11x11

Kitchen

Features: Tile-Ceramic
Level: Main
Area: 204 Square Feet
Dimensions: 17x12

Living room

Level: Main
Area: 272 Square Feet
Dimensions: 17x16

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Electric Water Heater, Microwave, Electric Oven, Refrigerator, Water Heater, Water Softener Owned
Laundry: Common Laundry

Features

Attic Access, Eat-in Kitchen
Has basement: No
Attic: Access Only
Number of fireplaces: 1
Fireplace features: Family Room

Interior area

Total structure area: 1,676
Total interior livable area: 1,676 sqft

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Deck

Lot

Size: 10,454 Square Feet
Features: Sidewalks, Storm Sewer, Mature Trees

Details

Additional structures: Storage
Parcel number: 490822126015000700
Special conditions: As Is,Cosmetics Needed,Fixer Upper,Sales Disclosure On File,Other
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Residential, Single Family Residence

Materials

Vinyl Siding
Foundation: Slab

Condition

Fixer
New construction: No
Year built: 1988

Utilities & green energy

Electric: 100 Amp Service
Water: Public
Utilities for property: Electricity Connected

Community & HOA

Community

Subdivision: Cherry Lake

HOA

Has HOA: No

Location

Region: Indianapolis

Financial & listing details

Price per square foot: $118/sqft
Annual tax amount: $2,536
Date on market: 5/23/2026
Cumulative days on market: 35 days
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/10/2026	Pending sale	$198,500$118/sqft
Source: MIBOR as distributed by MLS GRID #22103405 Report a problem
6/7/2026	Price change	$198,500-7.6%$118/sqft
Source: MIBOR as distributed by MLS GRID #22103405 Report a problem
5/23/2026	Listed for sale	$214,900$128/sqft
Source: MIBOR as distributed by MLS GRID #22103405 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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