As we head into spring, the US has more ‘million-dollar cities’ than ever, according to the real estate site Zillow, meaning the typical home is worth $1 million or more.
“The typical U.S. home is worth 4.2% more than it was a year ago,” Zillow’s recent report said. While home values (and costs for perspective buyers) remain elevated, many real estate experts expect a flurry of buying and selling once interest rates drop.
Federal Reserve Chair Jerome Powell said earlier this month that recent high inflation readings don’t “change the overall picture,” suggesting the central bank is still on track to lower its key interest three times this year if price increases continue to ease as expected.
With all of that in mind, we took a look around the state to see what a $1 million listing looks like in Indiana. Here’s what we found:
Indianapolis
This impressive condo on Virginia Ave. in Indianapolis has incredible skyline views and an expansive balcony to take in the panoramic look at the city.
On the market for $1.05 million, it features 3 bedrooms, 5 baths (3 full, 2 half) and more than 4,000 sq. ft. of space. If you like to entertain, the kitchen has new top-of-the-line appliances, along with a game room featuring a stylish bar and even an area with special venting for cigar smokers.
What does $500K buy in Indiana?See inside 5 homes around the state
Monticello
If city skyline views aren’t your style, the Kingsley Estate in Monticello is a spacious log cabin sitting on 4.2 acres of land.
The waterside property on Lake Freeman has 4 bedrooms, 4 bath (3 full, 1 half) and more than 4,300 sq. ft. of space. The eye-catching living area has vaulted ceilings that show off the logs brought in from Montana and Wisconsin, while a wood-burning stove keeps the winter cold away. It’s on the market for $1.04 million.
Fort Wayne
For those in the market for something a little further north, this custom home in Fort Wayne is as impressive outside as it is inside. The main living area has vaulted ceilings and large windows that make it both spacious and perfectly lit with natural light.
With 5 bedrooms, 5 baths (4 full, 1 half), and 4,000 sq. ft. of space you will have plenty of room to spread out. The large basement with a bedroom, full bath, and kitchenette is perfect for hosting guests or just a little extra privacy for a resident.
As impressive as the inside is, outside may be even better. You’ll find a heated saltwater pool, hot tub, outdoor kitchen and deck seating area with pond views. It’s on the market for $1.07 million.
See inside:Historic Indy property once home to Swain Sanitorium goes up for sale
Winona Lake
Situated between South Bend and Fort Wayne you’ll find this home on Winona Lake. With an expansive 5,700 sq. ft. of space, this 6-bedroom, 5-bath estate combines an elegant style with lakehouse living.
A theater room, multiple living rooms, and an updated kitchen are just a few of the spaces you can spread out in or use for entertaining guests. Covered porches, a formal dining room, a breakfast nook and an office are just a few of the other areas to pick from.
Outside you’ll find lake access, nearby biking trails, an inground pool and a patio and firepit area. It’s on the market for $1.09 million.
USA TODAY reporters Paul Davidson and Jonathan Limehouse contributed to this report.
Read More:What does $1M buy in Indiana? See inside four homes on the market
2024-04-21 21:59:38
