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Walker Farms is a Beazer Homes community located in Whitestown off of 650N just south of downtown Whitestown.

     

  Walker Farms is a large community with 600+ home sites in the first phase and a potential 400 – 500 more in the second phase.  Beazer offers four different “lines” of homes in Walker Farms that range in price from $109,900 - $202,900.  The four different lines cater to different buyers and offer separate included features in the base price of the home. 

This large community gives its residents access to community amenities such as: 2…

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Eagles Nest is a new home community located in Zionsville on Lafayette Road/ Indianapolis Road just south of SR 334.

     

  Eagles Nest features two of the area’s largest home builders, Beazer Homes and Ryland Homes.  The community will have 500+ homes in all with the distribution being about half and half for Beazer and Ryland. 

The community features many amenities that are common for a development of this size.  Some of the features include: pool, playground, basketball, tennis, walking trails, several “ponds”, and common areas.  The annual …

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If you planning on purchasing an Indianapolis home in Marion County in the next 10 months you need to be careful about the current property tax situation or you could end up paying dearly.  For those not familiar with what is going on I will provide a way oversimplified explanation of what has happened:

1)      The entire state re-assessed residential real estate and property taxes went through the roof for a variety of reasons.

2)      People went crazy and protested when they got their tax bills.

3)      It came to light that commercial property was way undervalued in comparison to residential real estate.

4)      The Governor ordered Marion County (and a few others outside of Indianapolis) to re-assess both commercial and residential real…

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A new batch of 300 Indianapolis condos will soon be available on Indianapolis’ far north side.  Sun Shiel Properties Group is developing a project called Renaissance Bay off of Keystone Avenue just south of 78th Street.  Renaissance Bay is projected to have a mix of 300 one story flats and 3 story town homes and prices are expected to range from $360,000 - $750,000. 

 

The single story flats in Renaissance Bay will be in four and five story buildings, range in square footage from 1580 – 3200, and prices are projected to be $360,000 - $750,000.  The 3-story town homes will range in price from $480,000 - $550,000 and will have an average of 2400 square feet.
 
Renaissance Bay will be located along the White River and will feature river views and…

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Last week the Indianapolis Star reported what everybody is Indianapolis already knows; there is a surplus of unsold inventory homes from Indianapolis home builders.  This is really no shock to anyone and I think everyone knows that the oversupply of new homes is a major contributing factor to the relatively stagnant price in the Indianapolis real estate market. 

 The good news out of this article is that Indianapolis builders have slowed down their construction pace. A recent report found that the construction starts outpaced closings by 175 homes from April to June.  While the article does not portray this as good news, I believe this is an indication that Indianapolis new home builders have finally become realistic about the demand for Indianapolis new…

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This will be a short one, as there are not too many details right now.  Premier Properties USA is looking to develop the southwest corner of 86th Street and Keystone into a mixed use development that would include a hotel, offices, shops, and condos. 
The project is called Woodfield Crossing and is in the beginning stages of planning and development.  The Premier Properties’ website talks vaguely about upscale businesses, top quality restaurants, and sidewalk bistros but offers little details about the project.  Premier purchased two office buildings on the site from Duke last month and these will also be incorporated into the site.

 They are scheduled to present the plans for Woodfield Crossing to the Nora-Northside Community Council on August… Read Full Post

Just when you think it couldn’t any worse the City-County Council passes a bill that will raise the Marion County income tax by 65%.  This increase is on the heels of another income tax increase that just took place July 1 and of course follows the property tax debacle everybody is already reeling from.  The money from the tax increase is going to be used for Mayor Bart Peterson’s $90 million crime fighting plan. 

The current 65% tax increase means that if you make a combined income of $100,000 per year, it will now cost you an extra $650 to live in Marion County.  Maybe it is my knee jerk reaction as a Marion County resident, but I think this is totally ridiculous.  This makes me want to sell my Marion County house and move to Hamilton County where…

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Carmel has begun planning for the new 15 acre, $200 million downtown located at the southwest corner of Range Line Road and City Center Drive.  This project promises to be one of the cities finest and raise eyebrows across the nation.  Carmel City Center is planned as a collection of high end dinning, shopping, condominiums, penthouses, office and retail space, a concert hall, and a boutique hotel. 

There are 230,000 square feet of independent stores and restaurants slated along with 170,000 square feet of office space, a 102 room boutique hotel, a 1,600 seat concert hall and a 500 seat community theater.  Pedcor, the developer of the project, says the majority of the commercial space will be occupied by independent retailers and restaurateurs.  On the…

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