NOT LISTED FOR SALE

4501 Michigan Rd Indianapolis, IN 46228

Wynnedale-Spring Hill Neighborhood

Estimated Value: $295,000

7 Beds
17 Baths
25,582 Sq Ft
$12/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $14,500,000 $567 Per Sq Ft

Current estimated payment $1,938/month

34 Days on Market

Highlights

  • Lake Front
  • Indoor Pool
  • Sauna
  • North Central High School Rated A-
  • Tennis Courts
  • Multiple Garages

About This Home

As of September 2022

Resting on the former grounds of the Benedictine Monastery of St. Maur, the estate feels almost holy, a true sanctuary. While offering the ultimate in privacy and security, the 150+ acre estate rests inside Indianapolis’ boundaries and is minutes from the city’s most notable assets including; Butler University, Newfields, Indianapolis Motor Speedway, Indianapolis International Airport, Lucas Oil Stadium, Gainbridge Fieldhouse, and several of the city’s exclusive golf and country clubs. Nowhere else in the city will you find an estate with such a commitment to design and aesthetics. Each section of the home, surrounding terraces, formal gardens, and lush landscape are stunning and functional based on their intended use.

Last Listed By

Michael Johnson

Encore Sotheby's International License #RB14048437 Listed on: 01/03/2022

Encore Sotheby's International

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $172,748

Year Built

  • Built in 2007

Lot Details

  • 151.5 Acre Lot
  • Lake Front
  • River Front

Parking

  • 4 Car Attached Garage
  • Multiple Garages
  • Heated Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Concrete Perimeter Foundation
  • Stucco
  • Stone

Interior Spaces

  • 2-Story Property
  • Wired For Sound
  • Built-in Bookshelves
  • Woodwork
  • Skylights
  • Wood Frame Window
  • Entrance Foyer
  • Dining Room with Fireplace
  • 5 Fireplaces
  • Den with Fireplace
  • Sauna
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Oven
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Smart Lights or Controls
  • Intercom
  • Smart Thermostat
  • Fire and Smoke Detector

Accessible Home Design

  • Accessibility Features
  • Accessible Entrance

Pool

  • Indoor Pool
  • Pool House
  • In Ground Pool

Outdoor Features

  • Tennis Courts
  • Patio
  • Outdoor Gas Grill

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Power Generator
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 1151
  • Assessor Parcel Number 490615104001000800

Community Details

Recreation

  • Tennis Courts

Additional Features

  • No Home Owners Association
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$172,748

Year Built

Built in 2007

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Other, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Accessibility Features: Accessible Entrance
  • Tax Year: 2022
  • Year Built: 2007
  • Building Area Total: 41762
  • Garage Y N: Yes
  • Lot Size Acres: 151.5
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: Yes
  • MBR_AttributionContact: mike.johnson@encoresir.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Finished, Full, Unfinished
  • Appliances: Dishwasher, Dryer, Disposal, Gas Oven, Refrigerator, Washer, Wine Cooler, Double Oven, Gas Water Heater
  • Levels: Two
  • Full Bathrooms: 10
  • Half Bathrooms: 7
  • Total Bathrooms: 17
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 10112
  • Fireplace Features: Primary Bedroom, Den/Library Fireplace, Dining Room, Kitchen
  • Fireplaces: 5
  • Interior Amenities: Built In Book Shelves, Walk-in Closet(s), Hardwood Floors, Skylight(s), Windows Wood, WoodWorkStain/Painted, Breakfast Bar, Eat-in Kitchen, Elevator, Entrance Foyer, Hi-Speed Internet Availbl, Network Ready, In-Law Arrangement, Center Island, Pantry, Sauna, Programmable Thermostat, Surround Sound Wiring
  • Living Area: 25582
  • Main Level Bedrooms: 2
  • Other Equipment: Generator, Intercom, Smoke Alarm
  • Areas Interior: Bedroom Other on Main,Living Room Formal,Utility Room
  • Eating Area: Breakfast Room,Formal Dining Room,Dining Combo/Kitchen,Separate Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 6
  • Main Level Sq Ft: 19892
  • Basement Half Bathrooms: 1
  • Main Half Bathrooms: 6
  • Upper Level Sq Ft: 5690
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 16
  • SqFt Total: 41762

Exterior Features

  • Construction Materials: Stone, Stucco
  • Disclosures: Not Applicable
  • Exterior Features: Pool House, Tennis Court(s), Gas Grill, Smart Light(s)
  • Foundation Details: Concrete Perimeter
  • List Price: 14000000
  • Patio And Porch Features: Open Patio
  • Pool Features: Below Ground, Indoor
  • Waterfront Features: Lake Front, River Front
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Attached, Garage Door Opener, Side Load Garage, Heated, Storage
  • Garage Parking Description: Multiple Garages
  • Garage Parking Other: Finished Garage

Utilities

  • Utilities: Cable Connected, Gas
  • Cooling: Central Electric
  • Heating: Forced Air, Radiant Floor, Gas
  • Laundry Features: Main Level
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Gated Community
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 6599122
  • Parcel Number: 490615104001000800
  • Acres: >20 Acres

Green Features

  • Green Certification Y N: No
  • Smart Home Features: Thermostat - Programmable

Tax Info

  • Tax Annual Amount: 172748
  • Tax Lot: 1151
  • Semi Annual Property Tax Amt: 86374
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2022
Closed on
Sep 12, 2022
Sold by
Cd Realty Llc
Bought by
Linden House Indiana Holdings Llc
Seller's Agent
Michael Johnson
Encore Sotheby's International
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$14,000,000
Sold Price
$14,500,000
Premium/Discount to List
$500,000
3.57%
Total Days on Market
34
Views
35
Current Estimated Value
$295,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,205,000
Avg. Annual Appreciation
-52.35%
Original Mortgage
$16,000,000
Outstanding Balance
$12,713,273
Interest Rate
4.99%
Estimated Equity
-$10,618,273

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Linden House Indiana Holdings Llc $14,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linden House Indiana Holdings Llc $16,000,000
Closed Restoration Hardware Inc $16,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $14,500,000 +3.6% $567 / Sq Ft
02/06/2022 02/06/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $14,000,000 -- $547 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $416,650 $14,848,900 $8,641,200 $6,207,700
2023 $416,650 $16,399,900 $9,147,900 $7,252,000
2022 $195,672 $15,905,400 $9,147,900 $6,757,500
2021 $185,326 $7,026,100 $769,100 $6,257,000
2020 $172,781 $6,902,400 $769,100 $6,133,300
2019 $162,639 $6,909,600 $769,100 $6,140,500
2018 $144,398 $6,268,000 $769,000 $5,499,000
2017 $140,430 $6,163,100 $769,000 $5,394,100
2016 $125,998 $5,913,300 $768,300 $5,145,000
2014 $102,352 $4,965,900 $768,300 $4,197,600
2013 $99,421 $4,965,900 $768,300 $4,197,600
Source: Public Records

Agents Affiliated with this Home

  • Michael Johnson

    Seller's Agent in 2022

    Michael Johnson

    Encore Sotheby's International

    (317) 590-3454

    1 in this area

    70 Total Sales

    Michael Johnson
    Section Image

  • N

    Buyer's Agent in 2022

    Non-BLC Member

    MIBOR REALTOR® Association

    (317) 956-1912

    Non-BLC Member
    Section Image

  • I

    Buyer's Agent in 2022

    IUO Non-BLC Member

    Non-BLC Office

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21830117

MIBOR Broker Listing Cooperative®

APN: 49-06-15-104-001.000-800

Indiana Marion County Indianapolis 46228 Wynnedale-Spring Hill

4501 Michigan Rd, Indianapolis, IN

Homes for Sale in Indianapolis, IN

This home is located at 4501 Michigan Rd, Indianapolis, IN 46228 since 03 January 2022 and is currently estimated at $295,000, approximately $11 per square foot. This property was built in 2007. 4501 Michigan Rd is a home located in Marion County with nearby schools including Crooked Creek Elementary School, Westlane Middle School, and North Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.