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  • $281,000

    8632 El Rico Dr, Indianapolis, IN 46240

    3beds
    3,270sqft
    Residential, Single Family Residence
    Built in 1953
    0.88 Acres Lot
    $281,300 Zestimate®
    $86/sqft
    $3,040 Estimated rent

    Home value

    $281,300

    $267,000 - $295,000

    $3,040/mo

    Zestimate® history
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    What's special

    Full basementSpacious lot
    Opportunity awaits at 8632 El Rico Dr! This bank-owned property is ready for its next chapter and offers endless potential for investors, flippers, or buyers looking to create their dream home. While the home needs finishing touches and updates, the value is in the incredible location, spacious lot, and unmatched garage space. Situated on nearly an acre in a highly desirable area near Keystone Crossing, Nora, shopping, dining, and the Monon Trail, this property features a large yard with plenty of room to entertain, expand, or simply enjoy the outdoors. A standout feature is the 7+ garage spaces, providing exceptional storage for car enthusiasts, hobbyists, contractors, or anyone needing workshop space. The home also offers a full basement, adding even more usable space and possibilities. Bring your vision and transform this property into something truly special. Being sold As-Is.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ashley Mullin ashley@fshouses.com,

    FS Houses LLC,

    Ryan Mullin 317-965-8708,

    FS Houses LLC

    Bought with:

    Amber Russell

    Keller Williams Indy Metro NE

    Spencer Price

    Keller Williams Indy Metro NE

    Source: MIBOR as distributed by MLS GRID,MLS#: 22114986MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    • Main level bathrooms: 3
    • Main level bedrooms: 3
    Primary bedroom
    • Features: Other
    • Level: Main
    • Area: 210 Square Feet
    • Dimensions: 15x14
    Bedroom 2
    • Features: Other
    • Level: Main
    • Area: 220 Square Feet
    • Dimensions: 22x10
    Bedroom 3
    • Features: Other
    • Level: Main
    • Area: 140 Square Feet
    • Dimensions: 14x10
    Breakfast room
    • Features: Other
    • Level: Main
    • Area: 64 Square Feet
    • Dimensions: 8x8
    Dining room
    • Features: Other
    • Level: Main
    • Area: 100 Square Feet
    • Dimensions: 10x10
    Family room
    • Features: Other
    • Level: Main
    • Area: 247 Square Feet
    • Dimensions: 19x13
    Kitchen
    • Features: Other
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Laundry
    • Features: Other
    • Level: Basement
    • Area: 120 Square Feet
    • Dimensions: 10x12
    Laundry
    • Features: Other
    • Level: Main
    • Area: 36 Square Feet
    • Dimensions: 6x6
    Living room
    • Features: Other
    • Level: Main
    • Area: 289 Square Feet
    • Dimensions: 17x17
    Office
    • Features: Other
    • Level: Basement
    • Area: 100 Square Feet
    • Dimensions: 10x10
    Play room
    • Features: Other
    • Level: Basement
    • Area: 462 Square Feet
    • Dimensions: 33x14
    Workshop
    • Features: Other
    • Level: Basement
    • Area: 112 Square Feet
    • Dimensions: 14x08
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Included: None
    Features
    • Walk-In Closet(s)
    • Basement: Daylight,Finished,Finished Ceiling
    • Number of fireplaces: 2
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 3,270
    • Total interior livable area: 3,270 sqft
    • Finished area below ground: 1,635

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached, Detached, Concrete, Garage Door Opener, Storage, Workshop in Garage
    • Attached garage spaces: 4
    • Details: Garage Parking Other(Garage Door Opener)
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Deck
    Lot
    • Size: 0.88 Acres
    • Features: Mature Trees
    Details
    • Additional structures: Barn Mini
    • Parcel number: 490218121002000800
    • Special conditions: HUD Owned,As Is
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Residential, Single Family Residence
    Materials
    • Brick, Stone
    • Foundation: Block, Full
    Condition
    • Fixer
    • New construction: No
    • Year built: 1953

    Utilities & green energy

    • Water: Private

    Community & HOA

    Community
    • Subdivision: El Rico
    HOA
    • Has HOA: No
    Location
    • Region: Indianapolis

    Financial & listing details

    • Price per square foot: $86/sqft
    • Tax assessed value: $425,600
    • Annual tax amount: $10,096
    • Date on market: 7/23/2026
    • Cumulative days on market: 44 days

    Price history

    DateEventPrice
    10/9/2026Sold$281,000-6.3%$86/sqft
    Source: MIBOR as distributed by MLS GRID #22114986 Report a problem
    9/6/2026Pending sale$299,900$92/sqft
    Source: MIBOR as distributed by MLS GRID #22114986 Report a problem
    8/31/2026Price change$299,900-7.7%$92/sqft
    Source: MIBOR as distributed by MLS GRID #22114986 Report a problem
    7/23/2026Listed for sale$325,000-9.7%$99/sqft
    Source: MIBOR as distributed by MLS GRID #22114986 Report a problem
    6/1/2026Sold$360,000+50%$110/sqft
    Source: Public Record Report a problem
    1/4/2022Sold$240,000$73/sqft
    Source: Public Record Report a problem
    10/26/2021Sold$240,000$73/sqft
    Source: MIBOR as distributed by MLS GRID #21816231 Report a problem
    10/4/2021Pending sale$240,000$73/sqft
    Source: MIBOR as distributed by MLS GRID #21816231 Report a problem
    10/1/2021Listed for sale$240,000$73/sqft
    Source: MIBOR as distributed by MLS GRID #21816231 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,488 +0%$425,600 +13.9%
    2024$9,485 +92.4%$373,700
    2023$4,931 +12.7%$373,700 +16.1%
    2022$4,374 +11.7%$321,900 +12.9%
    2021$3,915 +14.3%$285,200 +5.3%
    2020$3,426 +8.1%$270,800 +6.9%
    2019$3,169 +1.3%$253,300 +5.5%
    2018$3,127 +11.4%$240,000 +1.4%
    2017$2,806 +18.6%$236,600 +8.1%
    2016$2,367 -2.9%$218,900 +1.2%
    2014$2,439 +32.6%$216,200 +9.2%
    2013$1,839 $197,900 +12.1%
    2012$1,839 $176,600 +1.8%
    2011-- $173,500
    2010$3,321 +6.9%$173,500 -2.1%
    2009$3,107 $177,300 -6.6%
    2007-- $189,800 -2.9%
    2006-- $195,500 +30%
    2005-- $150,400
    2004-- $150,400
    2003-- $150,400 +90.9%
    2002-- $78,800 +200%
    2001-- $26,270
    2000-- $26,270
    Find assessor info on the county website

    Neighborhood: Nora-Far Northside

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Nora Elementary School
    • Middle: Northview Middle School
    • High: North Central 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

    $281,300

    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

    $281,300