Housing Prices in Indy
From a few other posts I am getting a sense of cost/sqft in Indy.
For example, someone said "West Clay" is about $200 a sg foot. West Clay is not for me but it is a start.
Questions:
1) For Merdian Kessler, Butler Tarkington, Broadripple, what would you say is the average price per square foot? Is $200 a sq foot high or low? Put another way, at $200 a sqft, should i expect a "solid" house, one that needs cosmetic work, or a completely "redone house" with higher end finishes.
I know location is key, but I am seeing 2,000 sq/ft 3 bed 3 baths in MK without a new kitchen and needing carpets pulled up and hardwoods refinished asking $450,000; or redone Butler-T ones with zero yard for $400,000 and the houses are 2 blocks away from each other. Are both over priced, neither?
2) Do people actually count the basement in these calculations? Finished basements are nice, but are not consider "real living space" here in Philly. If you count the basement both of these homes would be 3,000 sqft which changes things.
3) Is there any area of MK, BT, or broadripple you would describe as "up and coming"? We would be comfortable living on the edge of a transitional area, assuming itis getting better. There does not appear to anyof this going on right now, but thought I would ask.
Thanks for the help...
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