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7311 Chapel Villas Dr Unit B, Indianapolis, IN, 46214

3beds
3baths
1,603sqft
$230,000
$143price/sqft
$1,658/moest. monthly cost
$66,320/yrincome needed

About This Home

Discover exceptional living at 7311 Chapel Villas DR Unit UNIT B in INDIANAPOLIS, IN. Built in 2000, this 1603 sq ft condominium offers a desirable one story with loft layout in great condition, presenting an attractive opportunity for a discerning buyer. The kitchen, designed with a functional G-shaped layout, features a peninsula, providing both ample counter space and a convenient area for casual dining or entertaining. This property includes a dedicated laundry room, ensuring everyday tasks are handled with ease. Step outside to a private patio, an ideal space for relaxation or al fresco moments. With three bedrooms and two full bathrooms, complemented by an additional half bathroom, this residence is designed for comfortable living. Envision your future in this well-appointed condominium and schedule your private viewing today.

Getting Around

46
WalkingCar-Dependent
30
TransitSome Transit
40
BikeSomewhat Bikeable

Schools

2/10
3/10
Ben Davis High SchoolGrades 10-120.8 mi

Construction

Condition

  • Year built: 2000

Materials

  • Foundation: Slab
  • Construction materials: Brick,Wood Siding

Type & Style

  • Home type: Condo
  • Architectural style: Ranch,Other
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Disposal,Gas Water Heater,MicroHood,Electric Oven,Refrigerator,Washer,Water Softener Owned
  • Laundry features: Main Level

Bedroom2

  • Level: Main
  • Area: 160
  • Dimensions: 16x10

Bedroom3

  • Level: Upper
  • Area: 240
  • Dimensions: 16x15

Bedrooms & Bathrooms

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

Dining Room

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

Features

  • Attic Pull Down Stairs,Breakfast Bar,Cathedral Ceiling(s),Hardwood Floors,High Speed Internet,Walk-In Closet(s)
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Gas Log,Great Room
  • Fireplace: Yes
  • Attic: Pull Down Stairs
  • Common walls with other units/homes: 1 Common Wall

Great Room

  • Level: Main
  • Area: 195
  • Dimensions: 15x13

Heating & Cooling

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

Interior Area

  • Total structure area: 1,603
  • Total interior livable area: 1,603 sqft

Kitchen

  • Level: Main
  • Area: 140
  • Dimensions: 14x10

Laundry

  • Level: Main
  • Area: 50
  • Dimensions: 10x5

Master Bedroom

  • Level: Main
  • Area: 196
  • Dimensions: 14x14

Property

Details

  • Parcel number: 491203117018000900
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Ground Level
  • Patio & porch: Patio

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

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Tornado

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 $1,163$13,956
Home Insurance *$141$1,692
Property Taxes $170$2,040
Electricity $184$2,212
Total$1,658$19,896
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,845/yr
40% on housing$49,740/yr
45% on housing$44,213/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

$143This listing

vs Other Active Listings

Avg $/sqft

ZIP 46214$108
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46214$140
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)

No zestimate history available

Price History

DateEventPrice
2026-07-23Listed for sale$230,000

For Sale by Agent

AgentShane Dodge
BrokerageCarpenter, REALTORS®

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