Pending75d on market
4842 Pennington Ct
Indianapolis, IN, 46254 • Eagle Creek • Marion County
$221,000
$171/sqft
-$5,000 since Mar 14, 2026
Down payment assistance available
2Beds
2Baths
1,289Sqft
0.11 acLot
1983Built
Property DNA
Waterfront Property
Pond
Pond Views
Pond
Ranch Style
Built 1983 · 43 years of history
Cobblestone
Insurance · Maintenance Grounds · Maintenance
Outdoor Living
Covered · Patio
1 Fireplace
Gas Log · Great Room · Masonry · Living Room
2-Car Garage
Attached
Premium Finishes
Walk-In Closet(s)
This home is getting attention
Listed 75 days ago · 846 views · 18 saves
Market activity
Demand and pricing signals for this listing
846 views
People checking out this listing
18 saves
Buyers have saved this home
75 days on market
Established listing
$171/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 34% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Condo · Built 1983
3/14/2026--$5,000 PRICE REDUCTION--PRICE REDUCTION--ESTATE SALE!!!! ALL REASONABLE OFFERS WILL BE CONSIDERED!! Great Opportunity- This Ranch style condo is presented as part of an estate sale, potentially offering a unique opportunity for prospective buyers looking for value and customization potential.-Located in THE highly "sought-after" Cobblestone community, this 2-bedroom, 2 full bathroom condo has a pond view and a family room with a vaulted ceiling and a floor to ceiling stone gas fireplace. Kitchen is 18x12 with breakfast area and yes, all appliances stay including washer & dryer. The master bedroom has vaulted ceilings and a private en-suite bath with tub and separate shower and a large walk-in closet. There's a 2-car finished attached garage with a polyurea floor finish. Exterior painted in 2025. Furnace new 2013 and was serviced 12/2025, AC unit new 2018, New gas line to fireplace installed in 2025. Hot water heater new 2024. Prime location near Eagle Creek Reservoir and Park. Oh, did I mention there's a community pool for those hot summer days. Condo is an end unit Located on a cul-de-sac. Very convenient to I-465, airport, shopping and dining. Be sure to check out Rick's Boatyard Cafe and Marina, Eagle creek golf Course and all the walking trails. Your always on vacation in Cobblestone. Truly an exceptional community. Please excuse any clutter due to family removing personal and furniture items.
Standout features identified
Our analysis highlights pond view, large walk-in closet, and community pool as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,861/month
Principal & Interest$1,156
Property Tax$221
Insurance$74
HOA$410
Down payment20% ($44,200)
3%50%
Est. 6.83% rate · 30yr fixed · $176,800 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Condominium
Year Built1983
HeatingForced Air, Natural Gas
CoolingCentral Air
Parking2 Attached Garage spaces
HOA$410 monthly
Days on Zillow75 Days
Price/sqft$171
Property
Home typeCondo
Sub-typeResidential, Condominium
StyleRanch
Year built1983
Stories1
Systems
HeatingForced Air, Natural Gas
CoolingCentral Air
ConstructionShingle Siding
Water / SewerPublic
Parking & Outdoor
ParkingAttached
Garage2 spaces
Fireplaces1
Lot4,791 sqft
Location & Tax
NeighborhoodEagle Creek
Annual tax$2,170
Parcel490510107009000600
Bathrooms & Fees
Full baths2
HOA$410/mo
Features & details
14 categories of property features
Interior Features
Interior
Double Vanity
Entrance Foyer
Eat-in Kitchen
Walk-In Closet(s)
Appliances
Dishwasher
Dryer
Electric Water Heater
Disposal
Microwave
Electric Oven
Refrigerator
Washer
Water Heater
Heating
Forced Air
Natural Gas
Cooling
Central Air
Laundry
Laundry Closet
Main Level
Fireplace
Gas Log
Great Room
Masonry
Living Room
Exterior Features
Parking
Attached
Construction
Shingle Siding
Patio & Porch
Covered
Patio
Lot Features
Cul-De-Sac
Community
Low Maintenance Lifestyle
Lake
Pool
Suburban
Curbs
Security
Smoke Detector(s)
Views
Pond
Utilities
Sewer Connected
Water Connected
Room details
7 rooms detailed
Master Bedroom
Main16×15 ft240 sqft
Bedroom2
Main12×11 ft132 sqft
Dining Room
Main10×10 ft100 sqft
Foyer
Main8×5 ft40 sqft
Tile-Ceramic
Great Room
Main18×14 ft252 sqft
Kitchen
Main18×10 ft180 sqft
Listing insights
Market data and value estimates
StatusPending
Days on market75
Est. value$215,800
Est. rent$1,656/mo
Tax rate0.96%
Price/sqft$171
On marketJan 23, 2026
PostedJan 23, 2026
MLS statusPending
MLS updatedApr 8, 2026
Tour days6
Views846
Favorites18
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46254
Price history
4 events
DateEventPrice$/sqftSource
Apr 8, 2026Pending Sale$221,000$171MIBOR as distributed by MLS GRID
Mar 14, 2026Price Change$221,000$171MIBOR as distributed by MLS GRID
Jan 31, 2026Price Change$226,000$175MIBOR as distributed by MLS GRID
Jan 23, 2026Listed For Sale$225,000$175MIBOR as distributed by MLS GRID
Pending Sale$221,000
Apr 8, 2026•$171/sqft•MIBOR as distributed by MLS GRID
Price Change$221,000
Mar 14, 2026•$171/sqft•MIBOR as distributed by MLS GRID
Price Change$226,000
Jan 31, 2026•$175/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$225,000
Jan 23, 2026•$175/sqft•MIBOR as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 9, 2024$1,966$195,000
Apr 9, 2023$1,752$196,600
Apr 9, 2022$1,587$175,200
Apr 9, 2021$1,391$158,700
Apr 9, 2020$1,313$139,100
Apr 9, 2019$1,232$131,300
Apr 9, 2018$1,126$123,200
Apr 9, 2017$1,185$111,000
Apr 9, 2016$1,093$113,000
Apr 9, 2014$1,105$112,400
Apr 9, 2013$998$110,400
Apr 9, 2012$998$113,200
Apr 9, 2011—$112,200
Apr 9, 2010$885$111,300
Apr 9, 2009$881$113,000
Apr 9, 2007—$124,000
Apr 9, 2006—$121,500
Apr 9, 2005—$101,200
Apr 9, 2004—$101,200
Apr 9, 2003—$101,200
Apr 9, 2002—$51,700
Apr 9, 2001—$17,240
Apr 9, 2000—$17,240
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-09 01:03:11 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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