Skip to content

7048 Spellman Court

Indianapolis, IN 46259

ActiveListed Oct 22, 2026 · 1 day on market

Key facts

Beds
4
Baths
2 full · 1 half
Living area
2,598 sqft
Lot
0.43 acres
Year built
2002
Type
Residential · Single Family Residence
Stories
Two
Garage
3 spaces
MLS #
22132891
County
Marion
Subdivision
Princeton Lakes

About this home

Room for the truck, the toys, and the backyard you actually want. Welcome to 7048 Spellman Ct in Princeton Lakes, set on just under half an acre in Franklin Township. This 2,598 sq ft home has been updated throughout, including the kitchen, flooring, fireplace and more. The kitchen features stainless steel appliances, a premium refrigerator and a peninsula that keeps the cook part of the conversation. Vaulted ceilings and decorative columns open up the living room, anchored by the updated fireplace. Upstairs, vaulted ceilings bring natural light into the bedrooms, and the bath offers a double vanity and walk-in shower. The 3-car garage comfortably fits a full-size 2500 pickup and a Tahoe. Out back, enjoy the patio, outdoor dining area and fire pit, plus the backyard is already wired for a hot tub. Commuting is easy with quick access to I-74 and I-465, with I-65 a short drive away, putting downtown Indianapolis, Eli Lilly headquarters and Indianapolis International Airport within easy reach. An ideal fit for Indianapolis relocation buyers who want space without giving up convenience.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDisposalGas Water HeaterMicroHoodElectric OvenRefrigeratorWater Softener Owned
Interior features
Attic AccessCathedral Ceiling(s)Vaulted Ceiling(s)Breakfast BarPaddle FanEntrance FoyerHi-Speed Internet AvailblPantry
Kitchen
Kitchen Updated
Other rooms and areas
Family Room 2nd StoryLiving Room Formal
Fireplaces
1
Fireplace type
Family RoomGas Log
Laundry
Upper Level
Windows
ScreensVinyl Windows
Rooms
10
Main-level bedrooms
1
Condition
Updated/Remodeled

Exterior

Exterior features
Fire PitSprinkler System
Patio and porch
Covered
Construction
BrickVinyl Siding
Foundation
Slab
Style
Traditional
Parking and garage
Attached
Fencing
Full
View
Pond
Waterfront
Water View

Systems

Heating
Forced AirElectricNatural Gas
Cooling
Central Air
Water
Public
Utilities
Cable Available

Lot and HOA

HOA fee
$400 / annually
Lot features
Cul-De-SacStreet LightsMature Trees
HOA fee includes
MaintenanceSnow RemovalTrash

Schools

Elementary school
South Creek Elementary
High school
Franklin Central High School
School district
Franklin Township Com Sch Corp

Taxes

Estimated annual tax
$3,878 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,782per month, estimated
Principal and interest $2,268Property tax $323Insurance $157HOA $33
20% · $90,000
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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$450,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.