12198 Island Drive, Indianapolis, IN 46256 · $1,550,000 · Sold

Here's 12198 Island Drive in Indianapolis, IN 46256. This listing is closed, but I can still walk you through the details.

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Photo of 12198 Island Drive, Indianapolis, IN

Sold — 12198 Island Drive, Indianapolis, IN 462561 / 1

Quick read on the numbers:

$1,550,000

Sold

Beds

Baths

Sq ft

6,716

Built

2001

Acres

0.51

Here's what I think this home is worth:

FREE FROM SHELDON

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Key things to know

Sold 3.9% below list in 12 days
2 fireplaces
Finished basement (2,818 sqft)
3-car garage
Bridgewater subdivision

From the listing

Luxurious Geist Waterfront home with 6 Bedrooms, 4 1/2 Baths in Fishers' Bridgewater subdivision just a few minutes to the Fall Creek Marina. Set on a picturesque half acre lot in a prestigious area on an inside cove makes for one of the best values available. Your next home boasts a private dock with 2 Lifts and a Sunning Platform, a walk-out basement, 2 cozy gas fireplaces (Hearth Room next to the kitchen and in the full finished basement), a Main Level Primary Bedroom Suite with nice views of the cove, a Formal Dining Room, a large Den, a grand 2 story Great Room and a wonderful inviting floorplan. Enjoy the full Entertainment Basement with a complete kitchenette/bar, game areas, TV areas, Exercise Room, Flex spaces and the 6th Bedroom/4th Full Bath. You won't be disappointed with the custom features. Step outside to the backyard, and you'll discover a peaceful oasis with a raised deck, a patio, more great views and well-maintained landscaping creating an idyllic backdrop for relaxation. In the Award winning HSE School system. Ready for immediate occupancy.

A few highlights from the feature list:

Interior

Bath Sinks Double MainBreakfast BarCathedral Ceiling(s)High CeilingsTray Ceiling(s)Vaulted Ceiling(s)Kitchen IslandEntrance FoyerHardwood FloorsHi-Speed Internet AvailblEat-in KitchenSmart ThermostatWalk-In Closet(s)Wet Bar

Exterior

LightingFire PitSmart Light(s)Sprinkler SystemWater Feature Fountain

I'll break the details down — open any section that matters.

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$1,395,500

Land Value

$433,100

Land$433,100

31% of total

Improvement Value

$962,400

Improvements$962,400

69% of total

Annual tax · 2023: $11,736
Exemption: Homestead

This home has sold:

Sold

$1,490,000

-$60,000 below list (-3.9%)

Closed: Feb 15, 2024
Listed at: $1,550,000
Sold: 2 years ago
Sold in: 12 days

Price history

Sold$1,490,000
Feb 15, 2024
Listedat $1,550,000
Nov 8, 2023

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

Comparative value

5 comps in this range

This home is 30% above median for similar nearby sales.

$640K$2.1MMedian $1.1M

$1.5M

A few places to dig deeper:

Bridgewater Hamilton Southeastern Schools

MLS# 21951188