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7823 Ashtree Drive

Indianapolis, IN 46259

5 beds
4 baths
4,276 sqft
~1/2 acre lot
$141 per sqft
2000 build

Nestled in a serene, park-like setting, this elegant two-story brick home offers the perfect blend of luxury and comfort for the sophisticated buyer. The grand two-story foyer welcomes you into an expansive main level with 9' ceilings and a seamless flow designed for both everyday living and upscale entertaining. A recently remodeled gourmet kitchen is the showstopper, featuring new white cabinetry, granite countertops, stainless steel appliances including a wine fridge, a white subway tile backsplash, and an oversized island with storage and wraparound seating. The walk-in pantry and massive layout make the kitchen a dream for any culinary enthusiast. Adjacent, the great room exudes warmth with its stone gas fireplace, stunning wood mantle, granite hearth, and elegant plantation blinds. Five generously sized bedrooms and two full baths upstairs provide ample space for family and guests, while the dual staircases enhance the home's grand appeal. The partially finished basement includes a full bath and is currently set up for entertaining with a built-in bar with sink and refrigerator as well as a custom media room with enormous tv with surround sound. The basement could also be converted to additional living space with its egress windows which would be perfect for guests and extended stays. The unfinished sections allow for tons of storage and a workout space. Step outside to your private screened-in porch and enjoy tranquil views of the fenced backyard overlooking a peaceful pond. Entertain effortlessly on the paver stone patio with a built-in wood-burning firepit and gas line hookup. The spacious three-car garage is finished and includes a workshop area, ideal for hobbyists or additional storage. A large driveway provides parking for up to six additional vehicles, making hosting a breeze. This exquisite home masterfully combines thoughtful design, luxurious details, and unmatched outdoor living.

Listing courtesy of MIBOR / Hoosier, REALTORS®

Last checked: Checking… • Last updated Jun 15, 2025 •

MLS# 22040811 —

The Building

Year Built:

2000
New Construction:

false
Construction Materials:

Wood Brick
Architectural Style:

TraditonalAmerican
Foundation Details:

Concrete Perimeter
Levels:

Two
Basement:

true
Basement:

Egress Window(s), Full, Partially Finished, Storage Space
Exterior Features:

Outdoor Fire Pit
Patio And Porch Features:

Screened Patio
Accessibility Features:

No
Smart Home Features:

Thermostat - Programmable
Green Certification:

No
Upper SqFt:

1696
Building Area Total:

4732
Below Grade Finished Area:

1062

Interior

Rooms:

10
Rooms Total:

12
Rooms Total:

10
Interior Features:

Attic Access, Bath Sinks Double Main, Built In Book Shelves, Center Island, Hardwood Floors, Eat-in Kitchen, Pantry, Screens Some, Walk-in Closet(s), Windows Vinyl
Kitchen Features:

Kitchen Updated
Other Equipment:

Smoke Alarm, Sump Pump, Theater Equipment
Eating Area:

Formal Dining Room
Laundry Features:

Main Level
Fireplaces Total:

1
Fireplace Features:

Great Room

Room Dimensions

SqFt:

3214
Main Level SqFt:

1518
Living Area:

4276

Location

Directions:

GPS Friendly
Latitude:

39.654337
Longitude:

-86.029238

The Property

View:

true
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Parcel Number:

491513118004000300
Acres:

1/4-1/2 Acre
Lot Features:

Mature Trees
Lot Size Acres:

0.41
Lot Size SqFt:

17,820 Sqft
Price Per Acre:

1475610
Property Condition:

Updated/Remodeled
View:

Pond
View:

true
Waterfront:

true
Waterfront Features:

Pond
Fencing:

Fence Full Rear, Wrought Iron
Horse Amenities:

None
Fence:

Yes

Listing Agent

Contact info:

Taxes

Tax Lot:

46
Tax Year:

2023
Tax Exemptions:

Homestead Tax Exemption
Semi Annual Property Tax Amt:

2075

Beds

Beds:

5
Bedrooms:

5
Bedrooms Total:

5
Primary Bedroom Description:

Closet Walk in
# of Bedrooms Upper:

5

Baths

Baths:

4
Full Baths:

3
Full Baths:

2
Half Baths:

1
Half Baths:

1
Half Baths Main:

1
Full Baths Upper:

2
Full Baths Basement:

1

Heating & Cooling

Heating:

Natural Gas

Utilities

Utilities:

Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water Source:

Municipal/City
Solid Waste:

Yes

Appliances

Appliances:

Dishwasher, Disposal, Gas Water Heater, Microwave, Electric Oven, Range Hood, Refrigerator, Water Heater, Water Softener Owned

Schools

Elementary School:

Mary Adams Elementary School
Middle Or Junior School:

Franklin Central Junior High
High School:

Franklin Central High School
High School District:

Franklin Township Com Sch Corp

The Community

Subdivision Name:

Timberlakes
Association Amenities:

Maintenance, Snow Removal
Spa:

true
Spa Features:

Above Ground, Private
Pool Private:

false
Association Fee Frequency:

Annually
Association:

true
Association Fee:

350
HOA Disclosures:

Covenants & Restrictions
Association Fee Includes:

Maintenance, Snow Removal
Management Company Name:

Timberlakes Homeowners Association
Ownership Interest Types:

Mandatory Fee

Parking

Parking Features:

Attached
Garage:

true
Garage Spaces:

3
Garage SqFt:

726

Monthly cost estimate

Asking price

$605,000

Expense	Monthly cost
Mortgage	$3,239
Taxes	$345
Insurance	$166
HOA fees	$29
Utilities	$156 See report
Total	$3,935/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

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Transit Score®

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Soundscore™

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Air Pollution Index

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Sale history

Date	Event	Source	Price	% Change
6/15/25 Jun 15, 2025	Pending	MIBOR	$605,000
6/12/25 Jun 12, 2025	Price Changed	MIBOR	$605,000	-1.6%
6/4/25 Jun 4, 2025	Price Changed	MIBOR	$615,000	-1.6%

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This house located in South Franklin, Indianapolis, IN 46259 is currently pending sale for $605,000. 7823 Ashtree Drive is a 4,276 square foot house with 5 beds and 4 baths. 7823 Ashtree Drive is in the South Franklin neighborhood of Indianapolis and has a WalkScore® of 13, making it car-dependent. This house is in the attendance area of Franklin Central High School.

Listing Courtesy of: MIBOR and Hoosier, REALTORS®.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service