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  • $75,000

    8516 Palo Verde Ter, Indianapolis, IN 46227

    3beds
    1,544sqft
    Residential, Condominium
    Built in 1978
    -- sqft lot
    $75,000 Zestimate®
    $49/sqft
    $1,530 Estimated rent

    Home value

    $75,000

    $71,000 - $79,000

    $1,530/mo

    Zestimate® history
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    $673/mo

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    What's special

    Beautiful brick fireplaceComfortable layoutSpacious condo
    Welcome to 8516 Palo Verde Terrace! If you've been looking for a spacious condo with a comfortable layout, great everyday functionality, and the opportunity to personalize your space, this one is worth a look. Step inside to a generous living room filled with natural light, where a beautiful brick fireplace creates a warm and inviting focal point. There's plenty of room for comfortable seating, entertaining, and everyday living, while the sliding glass doors lead to your outdoor patio/balcony-an ideal spot for morning coffee, relaxing, or enjoying some fresh air. The functional kitchen features a convenient breakfast area and comes with all appliances included, including the refrigerator, microwave/hood, and electric oven/range. The washer and dryer are also included with the sale, and the home features a newer water heater for added peace of mind. With three bedrooms and two full baths, there's room for everyone and flexibility for a home office, guest room, hobby space, or whatever fits your lifestyle. The home's neutral foundation and generous rooms give you the opportunity to bring your own style and make thoughtful cosmetic updates over time. And here's where condo living really shines: the HOA handles grounds keeping and snow removal, giving you more time to enjoy your home and less time worrying about exterior maintenance. Located on the south side of Indianapolis, 8516 Palo Verde Terrace puts you conveniently close to shopping, dining, entertainment, everyday conveniences, and major roadways.

    Zillow last checked:

    Listing updated:

    Listed by:

    Miranda Schubert 317-989-8251,

    Weichert REALTORS® Cooper Group Indy,

    Brittany Stearman 317-979-1699,

    Weichert REALTORS® Cooper Group Indy

    Bought with:

    Melanie Balog

    Real Broker, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22119880MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 3
    Bedroom 2
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Bedroom 3
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Other
    • Level: Main
    • Area: 255 Square Feet
    • Dimensions: 17x15
    Family room
    • Level: Main
    • Area: 312 Square Feet
    • Dimensions: 26x12
    Kitchen
    • Level: Main
    • Area: 144 Square Feet
    • Dimensions: 18x8
    Laundry
    • Level: Main
    • Area: 30 Square Feet
    • Dimensions: 6x5
    Heating
    • Electric, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Electric Water Heater, Disposal, MicroHood, Electric Oven, Refrigerator, Washer
    • Laundry: Laundry Room
    Features
    • Ceiling Fan(s), Eat-in Kitchen, Pantry, Smart Thermostat, Walk-In Closet(s)
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Family Room, Wood Burning
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 1,544
    • Total interior livable area: 1,544 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Attached, Common, Asphalt, Garage Door Opener
    • Attached garage spaces: 1
    • Details: Garage Parking Other(Common Lot)
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Building Private Entry,Upper Level
    • Patio & porch: Covered, Deck
    • Exterior features: Balcony
    Lot
    • Features: Cul-De-Sac, Street Lights
    Details
    • Parcel number: 491520104213000500
    • Special conditions: As Is
    • Horse amenities: None

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Traditional
    • Property subtype: Residential, Condominium
    • Attached to another structure: Yes
    Materials
    • Wood Siding
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1978

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: None
    • Security: Smoke Detector(s)
    • Subdivision: Casa De Prado
    HOA
    • Has HOA: Yes
    • Amenities included: Maintenance, Maintenance Grounds, Management, Snow Removal
    • Services included: Maintenance Grounds, Maintenance, Management, Snow Removal
    • HOA fee: $296 monthly
    • HOA phone: 317-852-2426
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $49/sqft
    • Tax assessed value: $133,400
    • Annual tax amount: $1,358
    • Date on market: 8/12/2026
    • Cumulative days on market: 6 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    9/11/2026Sold$75,000-6.3%$49/sqft
    Source: MIBOR as distributed by MLS GRID #22119880 Report a problem
    8/17/2026Pending sale$80,000$52/sqft
    Source: MIBOR as distributed by MLS GRID #22119880 Report a problem
    8/12/2026Listed for sale$80,000+36.8%$52/sqft
    Source: MIBOR as distributed by MLS GRID #22119880 Report a problem
    12/19/2008Sold$58,500-10%$38/sqft
    Source: MIBOR as distributed by MLS GRID #2816744 Report a problem
    5/23/2008Listing removed$65,000$42/sqft
    Source: Century 21 #2816744 Report a problem
    4/5/2008Listed for sale$65,000$42/sqft
    Source: Century 21 #2816744 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,296 +3.6%$133,400 +8.1%
    2024$1,250 +15.5%$123,400 -0.5%
    2023$1,083 +89%$124,000 +12.7%
    2022$573 +21.9%$110,000 +39.2%
    2021$470 +7.9%$79,000 +10.3%
    2020$436 +28.7%$71,600 +6.5%
    2019$339 -20.9%$67,200 +23.8%
    2018$428 +15.7%$54,300 -12%
    2017$370 +23.1%$61,700 +18.9%
    2016$300 -11.6%$51,900 -10.2%
    2014$340 -1.3%$57,800
    2013$344 $57,800 +1.8%
    2012$344 $56,800 -5.8%
    2011-- $60,300 -5%
    2010$339 +26.7%$63,500
    2009$268 $63,500 -6.5%
    2007-- $67,900 +0.1%
    2006-- $67,800
    2005-- $67,800
    2004-- $67,800
    2003-- $67,800 +81.3%
    2002-- $37,400 +199.9%
    2001-- $12,470
    2000-- $12,470
    Find assessor info on the county website

    Neighborhood: South Perry

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Winchester Village Elementary
    • Middle: Southport Middle School
    • High: Southport High School

    Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $75,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $75,000