SOLD OCT 9, 2026

Sold on oct 2026

$281,000

•

3,270

sq ft

8632 El Rico Dr, Indianapolis, IN 46240

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About this home

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.

Single-familyProperty Type

1953Year Built

0.88 acresLot Size

$86Price/Sq.Ft.

4 car garageParking

Listed by Ashley Mullin • FS Houses LLC

Listed by Ryan Mullin • FS Houses LLC

Bought with Amber Russell • Keller Williams Indy Metro NE

Bought with Spencer Price • Keller Williams Indy Metro NE

Redfin checked: a few seconds ago

•Source:MIBOR as Distributed by MLS Grid #22114986

Redfin Estimate

$350,147

$69K since sold in October 2026$1,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 11% lower than the average sale price ($393K) of 6 comparable homes.

SOLD OCT 1, 2026
$335,500
A
3 beds2 baths2,680 sq ft
8645 El Rico Dr, Indianapolis, IN 46240
SOLD MAY 5, 2026
$305,000
B
3 beds2.5 baths2,644 sq ft
2212 E 86th St, Indianapolis, IN 46240
SOLD JUL 16, 2026
$250,000
C
3 beds2 baths2,621 sq ft
8625 Rosewood Ln, Indianapolis, IN 46240
SOLD JUL 27, 2026
$640,000
D
3 beds2.5 baths3,162 sq ft
1505 E 80th St, Indianapolis, IN 46240
SOLD JUN 15, 2026
$401,000
E
4 beds2 baths3,442 sq ft
2525 E 91st St, Indianapolis, IN 46240
SOLD SEP 15, 2026
$429,000
F
3 beds2 baths3,116 sq ft
1675 E 81st St, Indianapolis, IN 46240

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Market trends in 46240, IN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.5%

0.4% MoM

Median sale price

$413K

$5K MoM

Avg. days on market

24d

4 days MoM

Recently sold homes

5 MoM

New listings for sale

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$499,900
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3D WALKTHROUGH
$314,900
3 beds1.5 baths1,398 sq ft
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3D WALKTHROUGH
$349,900
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8036 River Bay Dr W, Indianapolis, IN 46240
$2,099,500
4 beds4.5 baths4,651 sq ft
7951 Meridian Hills Ln, Indianapolis, IN 46240
3D WALKTHROUGH
$375,000
2 beds2.5 baths1,809 sq ft
8214 River Bay Dr E, Indianapolis, IN 46240
$429,900
4 beds3 baths3,806 sq ft
8647 Driftwood Dr, Indianapolis, IN 46240
$439,900
4 beds3 baths2,192 sq ft
9317 Sherwood Ln, Indianapolis, IN 46240
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See all

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Rental estimate

Est. $1,585 per month, based on comparable rentals

Sale and tax history for 8632 El Rico Dr

Sale History
Tax History

Date

Event

Price

MIBOR as Distributed by MLS Grid #22114986

Oct 9, 2026

Sold

$281,000

$86/sq ft

Sep 6, 2026

Pending

—

Aug 31, 2026

Price Changed

$299,900

$92/sq ft

Jul 23, 2026

Listed

$325,000

$99/sq ft

MIBOR as Distributed by MLS Grid #21816231

Oct 26, 2021

Sold

$240,000

$73/sq ft

Oct 4, 2021

Pending

—

Oct 1, 2021

Listed

$240,000

$73/sq ft

+29

Fall in love with this stylish custom crafted 50's Ranch home with full basement and separate 6 car garage located close to Keystone Crossing,Nora ,Monon trail & much more.This home features Light & bright living rm dining rm combo w/ warm wood burning fireplace adjacent to custom kitchen and cozy family rm with full stone fireplace.Master retreat with gleaming hardwoods ,full walk in shower and closet.Large bd 2 & 3 with hardwoods and double closets.Lower level with cool bar and kitchenette ,rec area ,office and shop.Outside covered patio huge deck and fenced rear yard and separate 6 car garage.This home is in an Estate and being sold as is.Need some mechanical updating.

Year

Property tax

Land + Additions

Assessment*

2025

$10,097 (+4.8%)

$99,300 + $326,300

$425,600

2024

$9,635

$99,300 + $274,400

$373,700

2023

$9,628 (+89.9%)

$99,300 + $274,400

$373,700

2022

$5,071 (+12.4%)

$99,300 + $274,400

$373,700

2021

$4,510 (+11.4%)

$32,500 + $252,700

$285,200

2020

$4,048 (+13.8%)

$32,500 + $252,700

$285,200

2019

$3,555 (+7.9%)

$32,500 + $238,300

$270,800

2018

$3,294 (+2.4%)

$32,500 + $220,800

$253,300

2017

$3,217 (+14.7%)

$32,500 + $204,100

$236,600

2016

$2,806 (+18.6%)

$32,500 + $204,100

$236,600

2015

$2,366 (−3.0%)

$32,500 + $186,400

$218,900

2014

$2,438 (+5.2%)

$32,500 + $177,000

$209,500

2013

$2,318

$32,500 + $183,700

$216,200

Public record

Public record
Zoning
Permits

Beds

Baths

2.5

Stories

Lot width

124 ft.

Lot depth

310 ft.

Lot size

0.88 Acres

Year renovated

1960

Sq. Ft.

1,635

Year built

1953

Style

Single Family Residential

County

Marion County

APN

490218121002000800

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

METRO

Dwelling Agriculture District

The D-A District holds the agricultural lands of Marion County and provides for a variety of agricultural uses. It is intended to provide for animal and poultry husbandry, farming, cultivation of crops, dairying, pasturage, floriculture, horticulture, viticulture, apiaries, aquaculture, hydroponics, together with necessary, accompanying accessory uses, buildings, or structures for housing, packing, treating, or storing said products; or lands devoted to a soil conservation or forestry management program. A single-family dwelling is intended to be permitted as a part of such agricultural uses. A secondary provision of this District is large estate development of single-family dwellings. This District fulfills the very low density residential classification of the Comprehensive General Land Use Plan. This District does not require public water and sewer facilities.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Agriculture
Housing-Group
Housing-Single unit
Research & development
Communications tower
Veterinary clinic
Park & open space

Property details

Parking

Parking Information
Garage SqFt: 1480
Garage Parking Other: Garage Door Opener
Parking Features: Attached, Detached, Concrete, Garage Door Opener, Storage, Workshop in Garage
Garage Spaces: 4
Has Garage

Interior

Interior Sq. Ft. Information
Building Area Total: 3270
Living Area: 3270
Main Level Sq. Ft.: 1635
Upper Level Sq. Ft.: 0
Lower/Basement Level Sq. Ft (Finished): 1635

Bedroom Information
Primary Bedroom Description: Closet Walk in
# of Bedrooms Main: 3
Beds MU: 3
Bedrooms MU: 3

Bathroom Information
# of Full Baths (Total): 2
# of Half Baths (Total): 1
# of Full Baths (Main): 2
# of Half Baths (Main): 1
Half Baths MU: 1
Half Bathrooms MU: 1
Full Baths MU: 2
Full Bathrooms MU: 2
Primary Bathroom Description: Shower Stall Full,Suite

Room 1 Information
Room Type: Dining Room
Room Features: Other
Room Dimensions: 10x10
Room Level: Main

Room 2 Information
Room Type: Family Room
Room Features: Other
Room Dimensions: 19x13
Room Level: Main

Room 3 Information
Room Type: Kitchen
Room Features: Other
Room Dimensions: 13x11
Room Level: Main

Room 4 Information
Room Type: Breakfast Room
Room Features: Other
Room Dimensions: 8x8
Room Level: Main

Room 5 Information
Room Type: Master Bedroom
Room Features: Other
Room Dimensions: 15x14
Room Level: Main

Room 6 Information
Room Type: Bedroom 2
Room Features: Other
Room Dimensions: 22x10
Room Level: Main

Room 7 Information
Room Type: Bedroom 3
Room Features: Other
Room Dimensions: 14x10
Room Level: Main

Room 8 Information
Room Type: Living Room
Room Features: Other
Room Dimensions: 17x17
Room Level: Main

Room 9 Information
Room Type: Play Room
Room Features: Other
Room Dimensions: 33x14
Room Level: Basement

Room 10 Information
Room Type: Office
Room Features: Other
Room Dimensions: 10x10
Room Level: Basement

Room 11 Information
Room Type: Workshop
Room Features: Other
Room Dimensions: 14x08
Room Level: Basement

Room 12 Information
Room Type: Laundry
Room Features: Other
Room Dimensions: 10x12
Room Level: Basement

Room 13 Information
Room Type: Laundry
Room Features: Other
Room Dimensions: 6x6
Room Level: Main

Other Rooms Information
Rooms Upper: 0
Rooms Main: 9
Rooms Basement: 4
# of Rooms: 13

Basement Information
Has Basement
Basement Features: Daylight, Finished, Finished Ceiling

Fireplace Information
# of Fireplaces: 2
Fireplace Features: Living Room

Heating & Cooling
Heating Information: Forced Air, Gas
Cooling Information: None

Interior Features
Interior Features: Walk-in Closet(s)
Appliances: None

Exterior

Building Information
Percent Optional Level Finished: 100

Exterior Features
Patio And Porch Features: Covered, Deck
Exterior Features: Barn Mini

Farm Information
Horse Amenities: None

Property Information
Property Type: Residential
Property Condition: Fixer
Other Structures: Outbuilding
Property Sub Type: Single Family Residence

Land Information
Acres: 1/2-1 Acre

Lot Information
Lot Size Acres: 0.88
Lot Features: Mature Trees

Utilities

Utility Information
Utility Prim Sewage Disp: Septic
Water Source: Private
Solid Waste Information: Yes

Location

School Information
Elementary School: Nora Elementary School
Middle Or Junior High School: Northview Middle School
High School: North Central High School
High School District: MSD Washington Township

Location Information
Directions: GPS Friendly
Tax Legal Description: Pt Sw1/4 S18 T17 R4 Beg 827.64'N Of Sw Cor;E310' N126' W310' S126' To Beg (El Rico Addsurvey Tr J-J ) 0.90Ac

Public facts

Beds: 3
Baths: 2.5
Sq. Ft.: 1,635
Stories: 1.0
Lot Size: 0.88 acres
Style: Single Family Residential
Year Built: 1953
Year Renovated: 1960
County: Marion County
APN: 490218121002000800

Home facts updated by county records on Jul 29, 2026

Other

Green Information
Direction Faces: East

Home Information
Foundation Details: Block, Full
Construction Materials: Brick, Stone
Levels: One

Around this home

Schools

Nora Elementary School

Public PreK-5 • Assigned • 1.0mi

5/10

Northview Middle School

Public 6-8 • Assigned • 0.5mi

8/10

North Central High School

Public 9-12 • Assigned • 0.3mi

6/10

Provided by GreatSchools

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 17 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 6 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46240

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

94/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 19% for direct sun exposure in Indianapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11 hrs

6.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$333,000 – $403,000

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Home values near 8632 El Rico Dr

Data from public records.

Address	Redfin Estimate
8620 El Rico Drive, Indianapolis, IN 3 Beds \| - Baths \| 1824 Sq. Ft.	$445,639
8642 El Rico Drive, Indianapolis, IN 3 Beds \| 2 Baths \| 2802 Sq. Ft.	$383,667

Address	Redfin Estimate
8804 El Rico Drive, Indianapolis, IN - Beds \| 1.5 Baths \| 1858 Sq. Ft.	$398,888
8639 El Rico Drive, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2384 Sq. Ft.	$408,975

Address	Redfin Estimate
8645 El Rico Drive, Indianapolis, IN 3 Beds \| 2 Baths \| 2680 Sq. Ft.	$344,956
8803 El Rico Drive, Indianapolis, IN 3 Beds \| - Baths \| 1326 Sq. Ft.	$355,622

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2026. This data may not match . Learn more.

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About this home

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Market trends in 46240, IN

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Sale and tax history for 8632 El Rico Dr

Public record

Property details

Around this home

Schools

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 46240

Home values near 8632 El Rico Dr

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