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5807 Cool Hollow Way, Indianapolis, IN, 46237

3beds
3baths
2,000sqft
$324,900
$162price/sqft
$2,268/moest. monthly cost
$90,720/yrincome needed

About This Home

This pristine 3-bedroom, 2 1/2 condo offers low-maintenance living with exceptional updates throughout. Enjoy LVP flooring, granite countertops, and a cozy gas log fireplace that anchors the inviting living space. The updated primary and second full bathrooms add modern comfort and style. Step outside to a private fenced-in patio-perfect for relaxing or entertaining. A 2-car garage provides ample storage and convenience. Community amenities include a clubhouse with exercise room and a pool for summer enjoyment. HOA covers lawn care, snow removal, and trash, making for truly maintenance-free living. Ideally located near I-65, Southport Rd., St. Francis Hospital, and more.

Getting Around

19
WalkingCar-Dependent
14
TransitMinimal Transit
32
BikeSomewhat Bikeable

Schools

5/10
7/10
9/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 2005

Materials

  • Foundation: Slab
  • Construction materials: Cement Siding,Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,MicroHood,Gas Oven,Refrigerator

Bedroom2

  • Level: Main
  • Area: 150
  • Dimensions: 15x10

Bedroom3

  • Level: Upper
  • Area: 330
  • Dimensions: 22x15

Bedrooms & Bathrooms

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

Features

  • Walk-In Closet(s)
  • Window features: Wood Work Painted
  • Number of fireplaces: 1
  • Fireplace features: Gas Log
  • Fireplace: Yes
  • Common walls with other units/homes: 2+ Common Walls

Great Room

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

Heating & Cooling

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

Interior Area

  • Total structure area: 2,000
  • Total interior livable area: 2,000 sqft

Kitchen

  • Level: Main
  • Area: 154
  • Dimensions: 14x11

Laundry

  • Level: Main
  • Area: 63
  • Dimensions: 09x07

Master Bedroom

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

Property

Details

  • Parcel number: 491515109030000300
  • Attached to another structure: Yes
  • Special condition: Sales Disclosure Supplements
  • Horse amenities: None

Features

  • Levels: One and One Half
  • Stories: 1
  • Entry location: Building Private Entry
  • Patio & porch: Patio

Lot

  • Features: Curbs,Sidewalks,Storm Sewer

Parking

  • Total spaces: 2
  • Parking features: Attached,Asphalt,Garage Door Opener
  • 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

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Heat Wave
Strong Wind
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 $1,642$19,704
Home Insurance *$194$2,328
Property Taxes $248$2,976
Electricity $184$2,212
Total$2,268$27,216
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$77,760/yr
40% on housing$68,040/yr
45% on housing$60,480/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

$162This listing

vs Other Active Listings

Avg $/sqft

ZIP 46237$130
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46237$148
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
2026-04-15Listed for sale$329,900
2022-05-06Sold$325,000
2022-04-15Pending sale$289,000
2022-04-14Listed for sale$289,000

For Sale by Agent

AgentPatrick Watkins
BrokerageMike Watkins Real Estate Group

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