Originally posted at My Indy Waterfront Blog
Masthead is a huge neighborhood in the Geist Real Estate market. With over 500 homes, it spans a large geographical area. It actually covers two different school districts, Hamilton Southeastern and Lawrence Township schools.
It runs along the popular Fall Creek Road; with a running/biking trail along Geist Reservoir. It winds back into the Reservoir with many homes having lake frontage. It also runs into along side Hamilton Proper. It is on the west side of the Reservoir as opposed to all the Admirals that are on the east side of the Reservoir.
The homes are older, mostly built in the 80's. There are nine sections in Masthead and the pricing ranges from $250,000 to $3,000,000 so huge variety. I'm not even going to go to the average price per sq ft because there are so many variables for Masthead (water views, year built, floor plans) and any REALTOR that tries to do a price/sq ft analysis does NOT know the area.
I can talk about what has happened in the Masthead market recently. There have been 14 homes that have sold (denoted by the red in the chart) ranging in price fom $225,000 to $695,000 in the last year.
There are currently two pended (denoted by the gold); one for $425,000 and one for $649,900. And there are 20 active listings (denoted by the green); from $317,000 to $1,800,000. You can quickly see the variety. Each one of the "highs" above are on Geist Reservoir.
The $1,800,000 listing has 4,300 sq ft of living space and an additional 2,750 finished walk out basment. Ther are five bedrooms and 5 1/2 baths. The kitchen has been updated and there are main body water views from almost every room. And an ingound pool too!
If you are interested in knowing more about Masthead or in seeing some of the active listing, this Geist Real Estate agent would love the opportunity to share my knowledge and also show you the homes. It is minutes from my home and an area I know well.