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1116 Reserve Way

Indianapolis, IN 46220

ActiveListed Oct 15, 2026 · 5 days on market

Key facts

Beds
2
Baths
1 full
Living area
1,031 sqft
Lot
0.03 acres
Year built
2005
Type
Residential · Condominium
Stories
One
Garage
1 space
MLS #
22131815
County
Marion
Subdivision
Reserve At Broad Ripple
Total building area
1,231 sqft

About this home

A park-like view, direct Monon Trail access, and a freshly updated interior come together at this fully furnished condo in The Reserve at Broad Ripple. From the landscaped front walk and classic brick facade, a private entry opens to a bright main-floor living space with new LVP flooring and fresh paint. Large front windows look out to mature trees and an expansive green space, creating a sense of privacy while keeping the trail and neighborhood close at hand. The newly renovated kitchen features new appliances and new leathered granite countertops. A separate dining room gives meals and gatherings a space of their own. Two bedrooms, one full bath, and an in-unit laundry room are all on the main living level. The porch off the primary bedroom offers another outdoor spot to enjoy. An unfinished bonus room provides flexible space for storage, exercise equipment, or hobbies. The community swimming pool and surrounding lawn add to the outdoor appeal. One garage parking space is included, with room to park another vehicle behind the garage. The garage is well lit, and a new Ring doorbell is also included. Step onto the Monon Trail from the community and head into Broad Ripple Village for restaurants, coffee, shops, and the Indianapolis Art Center. Follow the trail south to connect with the Indianapolis Cultural Trail and downtown, or travel north toward Carmel. Keystone at the Crossing and Whole Foods are a short drive away. With its wooded outlook, furnished offering (also available unfurnished), and access to some of Indianapolis's favorite destinations, this condo brings convenience and breathing room together in one address!

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerDisposalGas Water HeaterMicroHoodElectric OvenRefrigeratorWasherWater Softener Owned
Interior features
Entrance FoyerHi-Speed Internet Availbl
Kitchen
Kitchen Updated
Other rooms and areas
Laundry in Unit
Basement
Ceiling - 9+ feetInterior EntryPartialRoughed InStorage SpaceUnfinished
Fireplaces
1
Fireplace type
Gas LogLiving Room
Laundry
Main Level
Security
Fire Sprinkler SystemSmoke Detector(s)
Rooms
7
Main-level bedrooms
2
Condition
Updated/Remodeled

Exterior

Exterior features
BalconyLightingSmart Light(s)Sprinkler SystemWater Feature Fountain
Patio and porch
CoveredDeck
Construction
BrickWood SidingBlock
Foundation
Concrete PerimeterBlock
Style
CraftsmanTraditional
Parking and garage
AttachedCommonAsphaltGarage Door OpenerGuestGarage Faces Rear
View
Park/GreenbeltRiverTrees/Woods
Other equipment
Smoke Alarm

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public
Utilities
Cable ConnectedElectricity ConnectedNatural Gas ConnectedSep Electric MeterSep Gas MeterSewer ConnectedWater Connected

Lot and HOA

HOA fee
$300 / monthly
Lot features
AccessCity LotOn TrailSidewalksStorm SewerStreet LightsMature TreesWoodedZoned
Community
CurbsParkPoolSidewalksStreet Lights
HOA fee includes
Association Home OwnersEntrance CommonInsuranceIrrigationLawncareMaintenance GroundsMaintenance StructureMaintenanceNature AreaManagementSnow RemovalTrashWalking Trails
HOA amenities
InsuranceMaintenance GroundsMaintenanceManagementSnow RemovalTrashTrail(s)

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$5,592 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,302per month, estimated
Principal and interest $1,436Property tax $466Insurance $100HOA $300
20% · $56,980
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$284,900
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