4817 Shadow Pointe Dr · Full Financial Snapshot

Investor Deal Overview – Cash Only · As-Is

This page is for serious cash buyers. It shows the real liens, tax history, assessed value, and clear profit scenarios so you can decide quickly if this deal works for you.

Single-Family · Built 1992 Pike Township · Indianapolis, IN 46254 County Gross Assessment ≈ $287K Sheriff’s Deed / Distressed Paper Sold Strictly As-Is

Property, Ownership & Debt Timeline

Property: 4817 Shadow Pointe Dr, Indianapolis, IN 46254
Use: Single-family residence (Use Code 510)
Year Built: 1992
Square Footage: 1,427 sq ft (interior livable)
Bedrooms: 2
Bathrooms: 2.5 (2 full, 1 half)
Lot Size: 0.33 acres (approximately 14,375 sq ft)

Current County Snapshot (2024)

Owner of Record	Financial Center First Credit Union (Sheriff's Deed)
Deed Type / Date	Sheriff's Deed · 12/03/2025 (sale date 08/19/2025)
Land Assessment	$27,900
Improvements Assessment	$259,200
Gross Assessment	$287,100
Net Annual Tax (2024)	$3,244.92
HOA Fees	$22/month (Shadow Pointe HOA)
Special Assessments	Varies; last was $240.00 (2024)

Assessed values and tax history are from Marion County parcel records. Market resale after light rehab is expected to track above assessment, near the $300K–$315K range based on condition and layout.

Recorded Mortgages & Key Docs (Summary)

Year	Doc Type	Doc No.	Parties / Consideration
2025	Sheriff Deed	A202500103198	FINANCIAL CENTER FCU → takes title via sheriff's sale
2022	Mortgage	A202200076094	Cody J Rice-Velasquez ↔ Financial Center FCU
2020	Mortgage	A202000094148	Consideration ≈ $15,700 (2nd lien)
2020	Mortgage	A202000094154	Consideration ≈ $125,600 (primary lien)
2017	Mortgage	A201700073231	Consideration ≈ $133,536 (purchase money)

Multiple mortgage refinances/releases have occurred; current working assumption for this deal: combined payoff of all active liens ≈ $221,142.66 (to be verified by title).

Financial Snapshot & Profit Scenarios

Inputs (Assumptions)

Estimated lien + tax payoff	$221,142.66
Buyer closing costs (title, fees)	$2,200.00
Cash to seller at closing	$20,000.00 (ask)
Total acquisition cost	$243,342.66
Light rehab budget	$10,000.00
Total cost basis (all-in)	$253,342.66

Seller walks away debt-free + $20K You control title, rehab and exit

Exit Scenarios (Flip / Wholetail)

Scenario	Resale Price	Gross Profit (vs. Basis)	Est. Selling Costs*	Net Profit
Conservative	$295,000	$41,657	≈ $23,200	$18,457
Base Case	$305,000	$51,657	≈ $23,800	$27,857
Optimistic	$315,000	$61,657	≈ $24,400	$37,257

*Selling costs assume ~6% agent commissions + ≈$2.5K resale closing + ≈$3K holding/interest. Adjust to your own capital and disposition model.

Profit Range Visual

295K

$18K

305K

$28K

315K

$37K

This is a distressed-paper, as-is property with clear upside from basic rehab. If your buy box requires a specific % return, plug in your own numbers using the inputs above.

3D Walkthrough & Layout

🏠 View 3D Virtual Tour (Opens in New Tab)

The 3D tour shows current, unedited condition and layout – including cosmetic issues. Roof, HVAC, and water heater are functioning; main work is flooring, paint, bathroom floor repair from a past small leak, and yard clean-up.