The real estate market has been turbulent and is constantly changing and evolving. House-hunters across the U.S. are confronting a painful reality. Rising mortgage rates are adding thousands of dollars to the cost of buying a home. According to Zillow, the 30-year fixed mortgage rate on May 10, 2022 is up 3 basis points from the previous week’s average rate of 5.15%.
What if you could find an affordable residence? How about a home in Indianapolis that is on the market for $1. Yep, $1! Sure, this is an example of casting a wide net to get as many people touring the home as possible so let’s do that and take a tour.
Located at 5877 Kingsley Drive in Indianapolis, this 2 bedroom, 2 bath home features 1,998 square feet. It was a professional contractor’s home for the past 65 years. The home offers “great curb appeal and is charming through out.”
The house offers 2 bedrooms and 2 baths and a 2 car detached garage. It has forced air and was built in the craftsman style in 1940. With a fireplace and screened in porch, you’ll be able to enjoy the year-round changing weather that Indiana provides. The homes 2021 assessment came in at $228, 700. This one level property features hardwood throughout and has a privacy fence. The appliances are included. The place is listed by Listing Provided by Jack Fife with Fife Real Estate & Auction and has been on the market for one week.
If you’re looking for the most affordable home in Indy, with a $1 asking price, this is it! So, here’s is a look at the listing…
- Murder Suspect Kevin Mason Captured
- Pence: Trump Owes it to the American People to Debate
- FOUND: Momo the Monkey on the Loose: Indianapolis’ East Side on High Alert
- NWS: Expect a Rainy Wednesday Across Indiana
- Pacers GM: Contract Extension Talks with Buddy Hield Are “At a Halt” But That Doesn’t Mean They’re Done
The Dangers of Brown Friday & How You Can Prepare for the Worst
Police: Woman Killed, Infant Hurt in Head-On Crash with Semi-Truck
Fitness Studios Say Holding Company Has Not Paid Employees
ISP: Truck Driver Killed After Exiting Vehicle
Small Plane Crashes Near Shelbyville Airport, Two People Dead
Feds, Rush County Sheriff Search Home In Valerie Tindall's Disappearance
Fishers Marching Band Appears in 2023 Macy's Parade
Red, White, & Bowl With Hammer & Nigel Presented By Jack Daniels