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2305 Colfax Lane

Indianapolis, IN 46260

ActiveListed Apr 29, 2026 · 136 days on market

Key facts

Beds
3
Baths
2 full · 1 half
Living area
1,423 sqft
Lot
0.1 acres
Year built
2004
Type
Residential · Condominium
Stories
Two
Garage
2 spaces
MLS #
22094451
County
Marion
Subdivision
Towne Park

About this home

This well-maintained, low-maintenance 3-bedroom, 2.5-bath condo with an attached 2-car garage is located in the gated and highly desirable Towne Park community and is truly move-in ready, situated within the Washington Township School District. Enjoy a lifestyle of convenience with access to fantastic amenities, including a clubhouse, pool, and fitness center, all within a community where exterior maintenance, grounds care, trash service, and snow removal are handled for you. The home features numerous updates that provide both peace of mind and modern appeal, including updated light fixtures throughout. Major mechanical upgrades include a new water heater (2025) and a new furnace and A/C system (2025), along with professionally cleaned ductwork. The beautifully updated kitchen offers quartz countertops, a brand-new backsplash, painted cabinetry with updated hardware, a new dishwasher, a farmhouse sink, a new faucet, and a spacious pantry for added storage. The bathrooms have also been tastefully updated, enhancing the home's overall style and functionality. With its blend of modern upgrades, low-maintenance living, and prime location, this condo is an exceptional opportunity you won't want to miss! An assumable mortgage is available at a 5.75% interest rate, offering a fantastic opportunity for a qualified buyer to take advantage of a low rate. Reach out for more details!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerMicrowaveElectric OvenRefrigeratorWasherWater Heater
Interior features
Attic AccessPantryWalk-In Closet(s)
Fireplaces
1
Fireplace type
Gas Starter
Laundry
In Unit
Rooms
6

Exterior

Patio and porch
Patio
Construction
BrickVinyl Siding
Foundation
Poured ConcreteSlab
Parking and garage
Attached

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Private

Lot and HOA

HOA fee
$310 / monthly
HOA fee includes
ClubhouseSewerLawncareMaintenance StructureMaintenanceManagementSnow RemovalTrash
HOA amenities
ClubhouseFitness CenterGatedMaintenanceMaintenance GroundsManagementPoolSnow RemovalTrashWater

Schools

School district
MSD Washington Township

Taxes

Estimated annual tax
$2,576 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,818per month, estimated
Principal and interest $1,210Property tax $215Insurance $84HOA $310
20% · $48,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$240,000
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