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8158 Lima East Drive

Indianapolis, IN 46227

ActiveListed Oct 2, 2026 · 3 days on market

Key facts

Beds
2
Baths
1 full · 1 half
Living area
1,382 sqft
Lot
0.58 acres
Year built
1982
Type
Residential · Condominium
Stories
Two
MLS #
22124517
County
Marion
Subdivision
Sherman Oaks
Total building area
1,440 sqft

About this home

This property offers excellent potential for an investor or buyer looking for a renovation project. The home features 2 bedrooms, an eat-in kitchen, abundant natural light, ceiling fans, and a full basement providing additional living, recreation, or storage space. The spacious back deck overlooks a private yard and offers great outdoor entertaining potential. Conveniently located in Perry Township Schools, just minutes from downtown, shopping malls, grocery stores, dining, and major interstates. Please note: This home needs work and is not move-in ready. Buyers and investors are strongly encouraged to review all photos carefully and conduct their own inspections and due diligence.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherGas Water HeaterMicrowaveElectric OvenRange HoodRefrigerator
Interior features
PantryWalk-In Closet(s)
Flooring
Hardwood
Rooms
5

Exterior

Patio and porch
Deck
Construction
BrickVinyl Siding
Foundation
Concrete Perimeter
Style
Craftsman
Parking and garage
Assigned

Systems

Heating
Heat Pump
Cooling
Central Air
Water
Public

Lot and HOA

HOA fee
$60 / monthly
Community
Sidewalks

Schools

School district
Perry Township Schools

Taxes

Estimated annual tax
$3,464 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$942per month, estimated
Principal and interest $554Property tax $289Insurance $38HOA $60
20% · $22,000
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$110,000
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