14825 Latitude Way · Fishers, IN 46040

$729,000

3 bd · 4.5 ba · 4,882 sqft · SingleFamily public records · 198 Days on market

Built 2004 0.25 ac lot $149/sqft · 30% above area Est $614k · 19% over $91/mo HOA · 5% of rent

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Schools +5.3/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +0.1/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this stunning 5-bedroom, 4.5-bath luxury home, perfectly blending elegance and modern comfort. Step into the impressive two-story great room, complete with soaring ceilings and an abundance of natural light. Open to the expansive chef-inspired kitchen, this home is perfectly suited for entertaining. The enormous primary suite is a true retreat, featuring a spa-like ensuite bathroom and TWO spacious walk-in closets. Downstairs, the fully finished basement offers endless entertainment options, with a state-of-the-art home theater, wet bar, and a versatile play space. For outdoor enthusiasts, this home comes with a DEEDED boat dock, making lake living a breeze. Do not miss this exceptional property!

Key facts

• Wet bar
• Two story great room
• 0.25 acre lot

Tags

• TWO STORY GREAT ROOM
• CHEF INSPIRED KITCHEN
• SPA LIKE ENSUITE BATHROOM
• FULLY FINISHED BASEMENT
• STATE OF THE ART HOME THEATER
• WET BAR

What this means for you Summary

Snapshot

• This is a 3-bed/4.5-bath single-family listed at $729k.

Deal economics

• At list price, monthly cash flow is $-3k ($-40k/yr) — negative.
• To cash-flow at today's rent, offer at most $144k (80.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (74.0% below list).
• Recommended offer: $144k (80.2% below list) — sets the bar for cash-flow.
• Cap rate 0.8% vs local median 3.6% in Fishers — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 83/100 on livability (#11 in IN, #898 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, amenities A+; Watch: commute F.
• Hamilton Southeastern Schools (suburban): math 57% / reading 59% proficiency, ranked #14 of 301 in IN (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 10% free/reduced lunch — higher-income household profile.
• Market conditions: 303 active listings in the ZIP; 4,661 units permitted in Hamilton County in 2024 (1,528 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $22k of value loss. Plan a longer hold.
• Hamilton County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 198 days — a 12% lower offer ($642k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 14y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $144,212 (80.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 198 days. Have you received any prior offers? Is the seller open to a 80% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.26% ✗
• Cap rate: 0.84%
• Cash-on-cash: -19.46%
• DSCR: 0.13
• GRM: 32.1

CMA / ARV

• ARV (median comp): $614,199
• List price: $729,000
• Delta: 18.69%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11322 Sea Side Ct	0.24mi	4/4.5 (+1)	5,138 (+5%)	10mo	$915,000	$178	67
11074 Galley Way	0.45mi	4/4.0 (+1)	4,750 (-3%)	8mo	$540,000	$114	60
15098 Newburyport Dr	0.24mi	4/3.0 (+1)	4,597 (-6%)	10mo	$529,000	$115	60
14320 Stella Ct	0.61mi	4/4.0 (+1)	4,742 (-3%)	1mo	$995,500	$210	59
14783 Garden Mist Pl	0.68mi	4/3.0 (+1)	4,838 (-1%)	5mo	$927,244	$192	52
14870 Starboard Rd	0.07mi	4/2.5 (+1)	4,288 (-12%)	15mo	$560,000	$131	51
14478 Brookfield Dr	0.73mi	4/4.0 (+1)	5,005 (+2%)	7mo	$740,000	$148	49
14691 Thor Run Dr	0.68mi	4/4.5 (+1)	4,386 (-10%)	4mo	$745,000	$170	43
10671 Geist Ridge Ct	0.60mi	4/4.0 (+1)	5,430 (+11%)	5mo	$975,000	$180	42
11020 Florida Rd	0.51mi	4/3.5 (+1)	5,362 (+10%)	12mo	$975,000	$182	41
14707 Thor Run Dr	0.67mi	4/4.0 (+1)	4,312 (-12%)	12mo	$695,000	$161	32
14837 Garden Mist Pl	0.68mi	4/3.5 (+1)	5,608 (+15%)	4mo	$862,708	$154	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -56.4%
• Equity multiple: -0.61×
• Total profit: $-329,080
• Equity at exit: $108,696

10-year hold

• IRR: —
• Equity multiple: -1.74×
• Total profit: $-558,504
• Equity at exit: $63,031

Cash invested: $204,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46040

• Home prices YoY: -24.4%
• Active inventory: 303
• Price-to-rent: 32.1×

Monthly cashflow live

• Estimated rent: $1,895 medium
• Mortgage (P&I): −$3,823
• Tax from tax record: −$590 /mo · $7,079/yr
• Insurance: −$304
• HOA: −$91
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $-3,310

Break-even live

Break-even rent $6,086

Max offer price $144,212

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $182,250
• Closing costs: $21,870
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $91 · $1,092/yr

Listing history 30 events

1. 2026-06-18
   days on market $729,000 Active 198 DOM
2. 2026-06-17
   days on market $729,000 Active 197 DOM
3. 2026-06-16
   days on market $729,000 Active 196 DOM
4. 2026-06-15
   days on market $729,000 Active 195 DOM
5. 2026-06-13
   days on market $729,000 Active 193 DOM
6. 2026-06-09
   days on market $729,000 Active 189 DOM
7. 2026-06-08
   days on market $729,000 Active 188 DOM
8. 2026-06-07
   days on market $729,000 Active 187 DOM
9. 2026-06-03
   days on market $729,000 Active 183 DOM
10. 2026-06-02
    days on market $729,000 Active 182 DOM
11. 2026-06-01
    days on market $729,000 Active 181 DOM
12. 2026-05-31
    days on market $729,000 Active 180 DOM
13. 2026-03-07
    price $729,000 716-char remark

    Show marketing remark (716 chars)

    Welcome to this stunning 5-bedroom, 4.5-bath luxury home, perfectly blending elegance and modern comfort. Step into the impressive two-story great room, complete with soaring ceilings and an abundance of natural light. Open to the expansive chef-inspired kitchen, this home is perfectly suited for entertaining. The enormous primary suite is a true retreat, featuring a spa-like ensuite bathroom and TWO spacious walk-in closets. Downstairs, the fully finished basement offers endless entertainment options, with a state-of-the-art home theater, wet bar, and a versatile play space. For outdoor enthusiasts, this home comes with a DEEDED boat dock, making lake living a breeze. Do not miss this exceptional property!

14. 2026-01-14
    price $675,000 716-char remark

    Show marketing remark (716 chars)

    Welcome to this stunning 5-bedroom, 4.5-bath luxury home, perfectly blending elegance and modern comfort. Step into the impressive two-story great room, complete with soaring ceilings and an abundance of natural light. Open to the expansive chef-inspired kitchen, this home is perfectly suited for entertaining. The enormous primary suite is a true retreat, featuring a spa-like ensuite bathroom and TWO spacious walk-in closets. Downstairs, the fully finished basement offers endless entertainment options, with a state-of-the-art home theater, wet bar, and a versatile play space. For outdoor enthusiasts, this home comes with a DEEDED boat dock, making lake living a breeze. Do not miss this exceptional property!

15. 2025-12-29
    price $700,000 716-char remark

    Show marketing remark (716 chars)

    Welcome to this stunning 5-bedroom, 4.5-bath luxury home, perfectly blending elegance and modern comfort. Step into the impressive two-story great room, complete with soaring ceilings and an abundance of natural light. Open to the expansive chef-inspired kitchen, this home is perfectly suited for entertaining. The enormous primary suite is a true retreat, featuring a spa-like ensuite bathroom and TWO spacious walk-in closets. Downstairs, the fully finished basement offers endless entertainment options, with a state-of-the-art home theater, wet bar, and a versatile play space. For outdoor enthusiasts, this home comes with a DEEDED boat dock, making lake living a breeze. Do not miss this exceptional property!

16. 2025-12-20
    status Active 716-char remark

    Show marketing remark (716 chars)

    Welcome to this stunning 5-bedroom, 4.5-bath luxury home, perfectly blending elegance and modern comfort. Step into the impressive two-story great room, complete with soaring ceilings and an abundance of natural light. Open to the expansive chef-inspired kitchen, this home is perfectly suited for entertaining. The enormous primary suite is a true retreat, featuring a spa-like ensuite bathroom and TWO spacious walk-in closets. Downstairs, the fully finished basement offers endless entertainment options, with a state-of-the-art home theater, wet bar, and a versatile play space. For outdoor enthusiasts, this home comes with a DEEDED boat dock, making lake living a breeze. Do not miss this exceptional property!

17. 2025-12-12
    status Pending 716-char remark

    Show marketing remark (716 chars)

    Welcome to this stunning 5-bedroom, 4.5-bath luxury home, perfectly blending elegance and modern comfort. Step into the impressive two-story great room, complete with soaring ceilings and an abundance of natural light. Open to the expansive chef-inspired kitchen, this home is perfectly suited for entertaining. The enormous primary suite is a true retreat, featuring a spa-like ensuite bathroom and TWO spacious walk-in closets. Downstairs, the fully finished basement offers endless entertainment options, with a state-of-the-art home theater, wet bar, and a versatile play space. For outdoor enthusiasts, this home comes with a DEEDED boat dock, making lake living a breeze. Do not miss this exceptional property!

18. 2025-11-24
    listed $725,000 Active 716-char remark

    Show marketing remark (716 chars)

    Welcome to this stunning 5-bedroom, 4.5-bath luxury home, perfectly blending elegance and modern comfort. Step into the impressive two-story great room, complete with soaring ceilings and an abundance of natural light. Open to the expansive chef-inspired kitchen, this home is perfectly suited for entertaining. The enormous primary suite is a true retreat, featuring a spa-like ensuite bathroom and TWO spacious walk-in closets. Downstairs, the fully finished basement offers endless entertainment options, with a state-of-the-art home theater, wet bar, and a versatile play space. For outdoor enthusiasts, this home comes with a DEEDED boat dock, making lake living a breeze. Do not miss this exceptional property!

19. 2024-09-12
    historical
20. 2024-09-11
    listed $725,000
21. 2024-03-22
    soldstatus $676,127 Closed
22. 2024-02-20
    status Pending
23. 2024-02-14
    listed $650,000 Active
24. 2016-09-30
    soldstatus $426,500 Sold
25. 2016-09-29
    status Pending
26. 2016-08-16
    historical Active with Contingency
27. 2016-07-29
    listed $438,500 Active
28. 2013-04-25
    historical
29. 2013-04-25
    soldstatus $388,500
30. 2012-10-23
    listed $409,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $7,079 · $590/mo
• Projected year-2 tax: $7,079 · $590/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,743
• − Mortgage interest: −$40,835
• − Property taxes: −$7,079
• − Insurance: −$3,645
• − Repairs & maintenance: −$1,819
• − Management: −$1,819
• − HOA: −$1,092
• − Depreciation: −$21,207
• Taxable loss: −$54,754
• Est. tax savings @ 24.0%: +$13,141
• After-tax cash flow: $-26,583/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hamilton Southeastern Schools
• NCES district ID: 1810650
• Math proficiency: 57% ▼ -11.00%
• Reading proficiency: 59% ▼ -7.00%
• Median HH income: $87,726
• Composite: 53.02/100
• National rank: #1520
• State rank: #14 of 301 in IN

Livability — Fishers

• Score: 83/100
• State rank: #11
• US rank: #898

Category grades

Amenities A+ Commute F Cost of living B Crime A+ Employment A+ Housing A+ Health & safety B+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fishers, IN
• City population: 92,467
• Population (ZIP): 17,891

Population outlook (Hamilton County) Hauer SSP2

• Today (2025): 381,938 people
• By 2030: 417,496 · +9.3%
• By 2040: 486,684 · +27.4%
• By 2050: 549,805 · +44.0%
• By 2075: 687,078 · +79.9%
• By 2100: 754,495 · +97.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 6% Two or more races 4% Asian 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 5% Romanian 2% Portuguese 2%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Other Indo-European 3% Arabic 1% Spanish 1%

Political lean MEDSL · Hamilton

• 2024 margin: Lean R (+6.1) · D 46.0% · R 52.1% · Other 1.9%
• 2008→2024 swing: +16.2pp toward D · 2008: -22.2pp · 2024: -6.1pp
• All cycles: 2024: R+6.1 2020: R+6.8 2016: R+19.6 2012: R+34.3 2008: R+22.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.54%
• Current HPI: 221.8703
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+78.2% since first listed

18 events — show timeline

• 2026-03-07 Price Changed $729,000 MIBOR as Distributed by MLS Grid
• 2026-01-14 Price Changed $675,000 MIBOR as Distributed by MLS Grid
• 2025-12-29 Price Changed $700,000 MIBOR as Distributed by MLS Grid
• 2025-12-20 Relisted — MIBOR as Distributed by MLS Grid
• 2025-12-12 Pending — MIBOR as Distributed by MLS Grid
• 2025-11-24 Listed $725,000 MIBOR as Distributed by MLS Grid
• 2024-09-12 Listing Removed — MIBOR as Distributed by MLS Grid
• 2024-09-11 Listed $725,000 MIBOR as Distributed by MLS Grid
• 2024-03-22 Sold (MLS) $676,127 MIBOR as Distributed by MLS Grid
• 2024-02-20 Pending — MIBOR as Distributed by MLS Grid
• 2024-02-14 Listed $650,000 MIBOR as Distributed by MLS Grid
• 2016-09-30 Sold (MLS) $426,500 MIBOR as Distributed by MLS Grid
• 2016-09-29 Pending — MIBOR as Distributed by MLS Grid
• 2016-08-16 Contingent — MIBOR as Distributed by MLS Grid
• 2016-07-29 Listed $438,500 MIBOR as Distributed by MLS Grid
• 2013-04-25 Listing Removed — MIBOR as Distributed by MLS Grid
• 2013-04-25 Sold (MLS) $388,500 MIBOR as Distributed by MLS Grid
• 2012-10-23 Listed $409,000 MIBOR as Distributed by MLS Grid

Property tax history

+6.2%/yr

Latest (2025): $7,079 · +9.1% YoY. Source: county tax records.