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8038 Springwater Dr W, Indianapolis, IN, 46256

4beds
3baths
2,148sqft
$390,000
$182price/sqft
$2,749/moest. monthly cost
$109,960/yrincome needed

About This Home

Welcome home! This charming 2,100 sq ft brick and wood home offers the perfect blend of classic character and modern updates that today's buyers are searching for - complete with a community pool, tennis courts, and a home that's truly move-in ready. From the moment you arrive, lush landscaping, fresh exterior paint, and a welcoming covered front porch set the tone for what's inside. The bright and airy main level greets you with a spacious living room featuring recessed lighting and elegant crown molding, flowing into a stunning updated kitchen boasting white shaker cabinetry, quartz countertops, stainless steel appliances, a designer tile backsplash, and a sleek stainless range hood. The cozy family room is anchored by a wood-burning brick fireplace flanked by custom built-in shelving, making it the true heart of the home - perfect for cozy nights in or gathering with loved ones. Upstairs, the generous primary suite impresses with soaring vaulted ceilings, warm hardwood-style flooring, and peaceful treetop views - your own private retreat. Three additional bedrooms offer ceiling fans and new flooring throughout, while the beautifully updated full bath features a dual-sink vanity with quartz countertops, an elegant tile surround, and stylish brushed nickel finishes. A convenient upper-level laundry area with Samsung washer and dryer adds everyday ease. Step outside to a large, freshly painted deck overlooking a lush, well-maintained backyard - ideal for summer entertaining - complete with a storage shed and mature shade trees offering plenty of natural shade. A newer roof and attached two-car garage provide added peace of mind for years to come. Don't miss your chance to call this one home!

Getting Around

6
WalkingCar-Dependent
27
TransitSome Transit
33
BikeSomewhat Bikeable

Schools

5/10
5/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1986

Materials

  • Foundation: Crawl Space
  • Construction materials: Wood Siding,Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Disposal,Gas Water Heater,Exhaust Fan,MicroHood,Electric Oven,Range Hood,Refrigerator,Washer,Water Softener Owned,Wine Cooler
  • Laundry features: Upper Level,Laundry Closet

Bedroom2

  • Level: Upper
  • Area: 300
  • Dimensions: 20x15

Bedroom3

  • Level: Upper
  • Area: 143
  • Dimensions: 13x11

Bedroom4

  • Level: Upper
  • Area: 130
  • Dimensions: 13x10

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Breakfast Room

  • Level: Main
  • Area: 91
  • Dimensions: 13x07

Dining Room

  • Level: Main
  • Area: 130
  • Dimensions: 13x10

Features

  • Attic Access,Breakfast Bar,Entrance Foyer,Ceiling Fan(s),High Speed Internet,Wired for Data,Pantry
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Masonry
  • Fireplace: Yes
  • Attic: Access Only

Great Room

  • Level: Main
  • Area: 208
  • Dimensions: 16x13

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,148
  • Total interior livable area: 2,148 sqft

Kitchen

  • Level: Main
  • Area: 130
  • Dimensions: 13x10

Laundry

  • Features: Tile-Ceramic
  • Level: Upper
  • Area: 18
  • Dimensions: 06x03

Living Room

  • Level: Main
  • Area: 338
  • Dimensions: 26x13

Master Bedroom

  • Level: Upper
  • Area: 210
  • Dimensions: 15x14

Property

Details

  • Parcel number: 490224143019000400
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Covered
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 0.33 Acres
  • Features: Close to Clubhouse,Sidewalks,Mature Trees,Trees-Small (Under 20 Ft)

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Heat Wave
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,972$23,664
Home Insurance *$233$2,796
Property Taxes $348$4,176
Electricity $196$2,362
Total$2,749$32,988
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$94,251/yr
40% on housing$82,470/yr
45% on housing$73,306/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$182This listing

vs Other Active Listings

Avg $/sqft

ZIP 46256$156
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46256$171
Marion County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-14Price change$385,000
2026-07-30Price change$390,000
2026-07-09Listed for sale$395,000
2026-06-28Listing removed$395,000
2026-05-02Pending sale$395,000
2026-04-30Listed for sale$395,000
2017-08-01Sold$255,000
2017-06-30Pending sale$265,000
2017-06-17Listed for sale$265,000
2017-01-18Sold$107,635
2017-01-13Pending sale$155,000
2016-08-23Listed for sale$155,000
2016-08-09Sold$158,919

For Sale by Agent

AgentTeresa Ashmore
BrokerageT&H Realty Services, Inc.

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