Welcome to 8516 Palo Verde Terrace! If you've been looking for a spacious condo with a comfortable layout, great everyday functionality, and the opportunity to personalize your space, this one is worth a look. Step inside to a generous living room filled with natural light, where a beautiful brick fireplace creates a warm and inviting focal point. There's plenty of room for comfortable seating, entertaining, and everyday living, while the sliding glass doors lead to your outdoor patio/balcony-an ideal spot for morning coffee, relaxing, or enjoying some fresh air. The functional kitchen features a convenient breakfast area and comes with all appliances included, including the refrigerator, microwave/hood, and electric oven/range. The washer and dryer are also included with the sale, and the home features a newer water heater for added peace of mind. With three bedrooms and two full baths, there's room for everyone and flexibility for a home office, guest room, hobby space, or whatever fits your lifestyle. The home's neutral foundation and generous rooms give you the opportunity to bring your own style and make thoughtful cosmetic updates over time. And here's where condo living really shines: the HOA handles grounds keeping and snow removal, giving you more time to enjoy your home and less time worrying about exterior maintenance. Located on the south side of Indianapolis, 8516 Palo Verde Terrace puts you conveniently close to shopping, dining, entertainment, everyday conveniences, and major roadways.
Active
$80,000
8516 Palo Verde Ter, Indianapolis, IN 46227
3beds
1,544sqft
Residential, Condominium
Built in 1978
-- sqft lot
$-- Zestimate®
$52/sqft
$296/mo HOA
What's special
Beautiful brick fireplaceComfortable layoutSpacious condo
- 2 days |
- 278 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Miranda Schubert 317-989-8251,
Weichert REALTORS® Cooper Group Indy,
Brittany Stearman 317-979-1699,
Weichert REALTORS® Cooper Group Indy
Source: MIBOR as distributed by MLS GRID,MLS#: 22119880
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 255 Square Feet
- Dimensions: 17x15
Bedroom 2
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 3
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13x11
Family room
- Level: Main
- Area: 312 Square Feet
- Dimensions: 26x12
Kitchen
- Level: Main
- Area: 144 Square Feet
- Dimensions: 18x8
Laundry
- Level: Main
- Area: 30 Square Feet
- Dimensions: 6x5
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Disposal, MicroHood, Electric Oven, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Eat-in Kitchen, Pantry, Smart Thermostat, Walk-In Closet(s)
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Family Room, Wood Burning
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,544
- Total interior livable area: 1,544 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Attached, Common, Asphalt, Garage Door Opener
- Attached garage spaces: 1
- Details: Garage Parking Other(Common Lot)
Features
- Levels: One
- Stories: 1
- Entry location: Building Private Entry,Upper Level
- Patio & porch: Covered, Deck
- Exterior features: Balcony
Lot
- Features: Cul-De-Sac, Street Lights
Details
- Parcel number: 491520104213000500
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Residential, Condominium
- Attached to another structure: Yes
Materials
- Wood Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Electric: 100 Amp Service
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: Casa De Prado
HOA
- Has HOA: Yes
- Amenities included: Maintenance, Maintenance Grounds, Management, Snow Removal
- Services included: Maintenance Grounds, Maintenance, Management, Snow Removal
- HOA fee: $296 monthly
- HOA phone: 317-852-2426
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $52/sqft
- Tax assessed value: $133,400
- Annual tax amount: $1,358
- Date on market: 8/12/2026
- Cumulative days on market: 4 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $80,000+36.8%$52/sqft |
Source:  MIBOR as distributed by MLS GRID #22119880 Report a problem | ||
| 12/19/2008 | Sold | $58,500-10%$38/sqft |
Source: MIBOR as distributed by MLS GRID #2816744 Report a problem | ||
| 5/23/2008 | Listing removed | $65,000$42/sqft |
Source: Century 21 #2816744 Report a problem | ||
| 4/5/2008 | Listed for sale | $65,000$42/sqft |
Source: Century 21 #2816744 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,296 +3.6% | $133,400 +8.1% |
| 2024 | $1,250 +15.5% | $123,400 -0.5% |
| 2023 | $1,083 +89% | $124,000 +12.7% |
| 2022 | $573 +21.9% | $110,000 +39.2% |
| 2021 | $470 +7.9% | $79,000 +10.3% |
| 2020 | $436 +28.7% | $71,600 +6.5% |
| 2019 | $339 -20.9% | $67,200 +23.8% |
| 2018 | $428 +15.7% | $54,300 -12% |
| 2017 | $370 +23.1% | $61,700 +18.9% |
| 2016 | $300 -11.6% | $51,900 -10.2% |
| 2014 | $340 -1.3% | $57,800 |
| 2013 | $344 | $57,800 +1.8% |
| 2012 | $344 | $56,800 -5.8% |
| 2011 | -- | $60,300 -5% |
| 2010 | $339 +26.7% | $63,500 |
| 2009 | $268 | $63,500 -6.5% |
| 2007 | -- | $67,900 +0.1% |
| 2006 | -- | $67,800 |
| 2005 | -- | $67,800 |
| 2004 | -- | $67,800 |
| 2003 | -- | $67,800 +81.3% |
| 2002 | -- | $37,400 +199.9% |
| 2001 | -- | $12,470 |
| 2000 | -- | $12,470 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Perry
Nearby schools
GreatSchools rating
- 5/10Winchester Village Elementary SchoolGrades: 1-5Distance: 0.6 mi
- 6/10Southport 6th Grade AcademyGrades: 6Distance: 2.8 mi
- 4/10Southport High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Winchester Village Elementary
- Middle: Southport Middle School
- High: Southport High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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