Tag Archives: real estate

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My friend Heather Swank owner of Brookson Insurance Posted this on her blog…you really need to think about this!

What Is Going On With Home Deductibles????

Did you get a letter with your home renewal this year forcing you into a higher deductible or a % deductible for wind and hail damage?  Be aware this is happening all over Indiana.  This year make sure you review your renewal for any changes like this.  
There are some basic facts surrounding these changes.  I know rates have been enough, but these changing deductibles are an attempt to change the face of home insurance in Indiana.  Indiana has seen consistent storm damage for fifteen plus years.  Each hail event we have results in millions of dollars in damage not to even begin wind, lighting, and tornado damage.  Hurricanes are no longer the big boys of catastrophe claims in the US hail has become the mass producing damage maker.  It’s because it hits every single day through storm season somewhere and now even beyond.  Late fall tornadoes, unexpected ice damage from harsh winters, and then right back into our storm season.  This has forced insurance carriers to raise pricing just to literally keep their heads above water.  On average in the US there are 12,000 hail events each year costing upwards of a billion dollars per year in damages.  Let me ask how many people have actually paid themselves out of pocket to replace their own roof on their home?  Yeah, it rarely if ever happens after so many years a storm blows in and poof a new roof.  The fact is most roofs being replaced should have been replaced by the homeowner well before that storm came along because of age and that is maintenance which is not the intention of the insurance policy to cover.   It has become an expectation of the homeowner that the roof will always be replaced and that is just not anything you will ever have to do.  This cost, the cost of replacing worn out roofs that should have been replaced far before a stone of hail came along, that is why the cost of insurance is skyrocketing. Be prepared for changes, but also be aware not all carriers are making those changes.  When shopping ask is there a higher wind hail deductible?  Or is there a % deductible for wind hail.  The % deductibles are often 2% sometimes higher.  What that means is that whatever your home is insured for the “dwelling” your deductible would be 2% of that. So, if your dwelling is insured for 260,000 then your wind hail deductible would be $5,200.   I know it seems as though the insurance world is a big evil machine when we pay our bills and never file claims, but it really is not.  Hey, I am an insurance agent and I still hate paying my premiums but I do so because I know I’m sharing risk so that when my time comes my claim will be paid.   These storm patterns we experience now are only getting worse so buckle up it will keep getting more expensive and it will keep changing.  I’m a proud insurance agent who fully understands the product and grasps how beautiful it really is.  We all pay in and when a family experiences a fire and loses everything they had in life you see the product in action.  It’s amazing life begins to rebuild and without insurance that would never happen.  A family could be financially devastated if they suffered a severe loss without it.   I remember standing on a slab in Kansas City in 2001 after tornadoes blew through and more coming literally every night.  I am a former claims adjuster I was dispatched there for claim work for 4 weeks.  Standing on the slab of what had been a home 48 hours prior I saw an American flag stuck to the only remaining portion of a wall.  In that moment I knew I was in the right field and kept on working claims until each family had been taken care of.  Today I watch out for insured families. This change in home insurance pricing and deductibles is the most major change I have seen in my career.  My lead carrier Erie Insurance has chosen NOT to create higher deductibles for wind or hail, nor are they applying % deductible.  Your regular deductible is what it is.  If you experience anyone stressed about the forced higher deductibles pass my agency name along.   Buckle up storms are upon us.  I’m here as always for any questions.   Heather Swank Brookson Insurance  317-534-5202 Heather@brooksoninsurance.com
Brookson
Vicki Reed

Spring Selling Season Arrives Early!

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Winter finally seems to have broken and the temps seem to be on the upswing!  Homes in the hot areas are already moving quickly in the Indianapolis and surrounding areas.  If you’re thinking this spring is a good time to starting looking for a house, you aren’t alone. That’s the problem. Your dream house, which might have been easy enough for you to grab a few years ago, is being eyed by other potential buyers.

IT IS A SELLER’S MARKET!  Whether you are a first time buyer or a move-up/down buyer, you must have everything in order prior to viewing homes!  Gone are the days of getting your financing in order after you found the home of your dreams, in order to make the home buying process run as smoothly as possible, follow these simple tips and LISTEN TO YOUR REALTOR!:

1. Get your financing lined up.  You may not worry about being turned down by the mortgage lender, but the seller doesn’t know that. The seller may also be in a hurry to hand you the keys. YOU HAVE TO BE PRE-APPROVED FOR YOUR MORTGAGE!  There are 2 numbers when you are dealing with your financing – first is the number your lender approves you for and second is the number you are comfortable spending!  The lender may say you can spend $300,000, but what does that mean to your monthly budget?  Working with a lender will help you decide what the right number is – contact Pat Hammer at Waterstone Mortgage and get started today!

2. Try to find out why the seller is selling. Buying and selling homes are emotional decisions, an emotional seller versus a nonemotional seller will react to different things.  If you have sellers who raised their kids in the house and lived there for most of their lives, they may appreciate a buyer who will do the same. Sending a personal letter with your offer may move you to the front of the pack!

3. Be flexible.  If you’re competing against other buyers, be as accommodating as possible.  Be flexible on closing dates and occupancy, the goal is for you to get the home of your dreams, and see number 1…a mortgage contingency allows buyers to back out of the deal if they can’t get financing for the house. Sellers don’t like mortgage contingencies – they don’t want to wave off potential buyers only to learn that their buyer can’t actually purchase the house.

 4. Sweeten the deal.  In a hot market, it is not uncommon to offer over list price, how much more is up to you, but even another $500 might get the seller’s attention.  You could also consider waiving the appraisal. That means if the bank determines the house isn’t worth the purchase price you and the seller agreed to, and it won’t lend you all of the money to cover it, you’ll have to make up the difference – provided you have the funds, of course.

5. Be fast. This is a big decision and you likely don’t want to rush, but if you know you can afford the house and you love it and the neighborhood, then, yes, you probably should rush.  In an age of instantaneous communication, minutes count and can make the difference between an accepted or rejected offer.  Make certain your agent uses the most current technology such as electronic signatures, in order to ensure immediate responses.

6. Be bold. If you really want the house, don’t get too cute and make a lowball offer, thinking there will be a lot of negotiation. You should suggest something close to the price the homeowner is expecting, or risk your offer being ignored. And this isn’t the time to be petty – or cheap, don’t haggle over $500 on a $200,000 deal.

7. Provide good customer service. Wait, isn’t that the seller’s job? You would hope so, but in a competitive market, it comes down to thinking of the homeowner as your customer. You’ll get his business (well, the house) if you’re personable, easy to work with and able to offer a good deal. Of course, you want to make sure you don’t offer the seller such an amazing deal that you hate yourself the day after closing. You want the welcome mat – what you don’t want is to be a doormat.

I can help you meet your goals and provide excellent guidance through what is one of the most important purchases of your life…call, text or email me!

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Vicki Reed

Wow…it’s the end of 2013!

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So what did you accomplish in 2013?  I had my best year to date in Real Estate and am moving into 2014 with 4 active listings, 2 pending sales and 2 active buyers!  My volume as a single agent was $2.5 million in homes sold!  I want to double that in 2014…anyone want to take a bet on it?

The biggest deal for me personally is one of the pending transactions (and one I’ve mentioned several times) and that is the sale of my Grandparents farm.  The last few weeks have been challenging as we remove my family‘s stamp on the farm and ready it for the new owners…the main reason I’m so excited about this is that it removes a worry from my Dad and Uncle Bob and takes a responsibility off their already full plates.

This year has been challenging in other ways, I found out that I’m going to be a Great-Aunt…yeah, I already know that I’m a great aunt, but my beautiful niece Jordan Pyles is expecting March 25…we have a family pool going for date, weight and length…hope I win!  Jordan also completed her high school education in December and will go through graduation ceremonies with the rest of the class in June.

I’m working on selling my home, haven’t quite accomplished it yet, but I know I don’t want to carry the burden of that too big house for another year.  I’ve paid off debt and am working through the Dave Ramsey Total Money Makeover…by the end of 2014, I will be debt free and living a cash based lifestyle – so excited about the next chapter in my life.

What’s amazing to me is that I will turn 50 in August of 2014…I remember when 50 seemed so old, now it feels very young!

2014 is going to be an amazing year for all of us and for the first time in a very long time, I’m babysitting on NYE – well, they aren’t babies, they are 11, hanging out with Riley Ray tonight and one of her friends while my sister and brother-in-law go out for a few hours!

So for 2014, the family will have a new baby, 2 high school graduates (Allyson is graduating too!), my 50th birthday and my Dad’s 75!  Sounds like a good year already and it doesn’t start until tomorrow. Happy New Year everyone, I hope your 2013 was great and your 2014 will be even better!

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Vicki Reed

Recap of 12 Wishes of Christmas from last season….

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It seems like yesterday that I was writing the 12 Wishes of Christmas series, hard to believe it’s been a year!  I thought it was time to run through them again and see where we are in 2013…

Wish # 1 – I wish for my family and friends to find happiness and success in their everyday lives….let’s see…we’ve had a few job changes and promotions, a pregnancy (slightly unexpected), a wedding (no it’s not the same one), a couple of deaths and a more successful year in real estate for me.  All in all, things improving or at least moving in the right direction…

Wish # 2 – My second wish is that everyone feel loved and valued…I found that over the last year, I have made an impact on a number of lives of friends and even the new agents in our Keller Williams office…I simply do what I do and several have graciously shared with me that I have had an impact on their lives…makes me cry tears of joy, but I’m weepy at this time of year anyway!

Wish #3 – Everyone remember to be human, not just during the holiday season, but all year long.  I have tried to pay more attention to those around me this year, held doors for others whose load was greater than mine, taken the time to speak when in the past I might have been caught up in my mind (or my phone!) and not paid attention.  I intend to continue this trend, it gives me a warm feeling inside and I’m sure it translates to my outside!

Wish #4 – we, as a society, remember the victims of senseless acts of violence and make changes in how we treat ourselves, our loved ones, and one another.  This was written immediately following the Newton school shooting.  I struggle with our media as it creates a “psuedo-celebrity” of those who commit the crime and doesn’t focus enough on the victims.  They are looking for their “15 minutes”, let’s not give it to them!

Wish # 5 – is that society curb their consumerism.  I don’t know about you, but I truly need…nothing.  I have clothes, furniture, shoes (way more than I need, but love them all!), bags, accessories, well, just everything!  in 2013, I bought 2 long-sleeve white t-shirts (on sale total was $21) and a pair of black sandals on sale for $20 – mine broke in the middle of my day and Payless was closer!  That’s it…what did you buy?

Wish # 6 – goes along with Wish # 5 is that we as individuals work to reduce our debt on a path to eliminating it.  I have!  I can say that I no longer carry any credit card debt!  I do still owe my Dad for a few things, but he will be taken care of by the end of 2014…on thing at a time.  I’ve also working on The Total Money Makeover by Dave Ramsey – the man makes sense, wish someone had introduced me to this years ago!

Wish # 7 – that we turn off  the television more often and lessen the constant bombardment of advertising, noise and a 24/7 news cycle.  I’m the first to admit, I am a TV junkie…but only for the noise! I am one of those people who have the TV on all the time, I am likely not really watching it, but it is on while I’m reading, working at home, or cooking, eating…I’m still working on this one!

Wish # 8 – that I would win the lottery…I’ve won about $12 this year, haven’t been able to make a big change with this, but I’m still wishing!

Wish # 9 – that we open ourselves to receiving help from others when we need it and not being shy about asking for help from our family and friends.  This can be humbling, but sometime necessary…be grateful that you have people in your life who are so willing to share what they have and be ready to share with them in the future.

Wish # 10 – that we curb our excess eating and drinking and work toward a healthier lifestyle.  I have failed miserably on this one…my 2013 has been very stressful, the hope is that 2014 will be easier and I can get myself together!

Wish # 11 – that we allow ourselves more spontaneity in our lives and be more lighthearted, it is important to see the joy in your life.  I have continued to enjoy this aspect of my life as a Realtor – if I have a “break” in my schedule…I love the ability to pop in and have lunch with a friend or stop by a clients home…try to find it for yourself next year!

Wish # 12 – I wish everyone a Merry Christmas and Happy New Year and my wish is that all your wishes for positive change come true.  Ditto for 2014!

Christmas

Vicki Reed

You look good for 197!

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Indiana turned 197 years old today, as it was admitted to the Union on December 11, 1816.  Though we often think of something or someone having a birthday, this occasion is called Statehood Day.  Governor Pence hosted a day of events and speeches at the Old State Capitol and birthday cake at the old governor’s headquarters in Corydon yesterday.

The Old State Capitol program included historical impersonators portraying debating delegates to Indiana’s first constitutional convention, as well as Elizabeth Pennington, the wife of convention delegate and future state Senate leader Dennis Pennington.  Pennington wrote the resolution which moved Indiana’s territorial capital to Corydon from Vincennes in 1813. It remained the capital for the first nine years of statehood.

Today, Governor Pence will host a program at the State Capital in Indianapolis.  Fourth-graders will also gather for Statehood Day observances in Indianapolis at the statehouse, Indiana State Museum, Indiana State Library and Indiana Historical Society.  Click here for today’s agenda of events.

The state museum and the state bicentennial commission are already working with Harrison County tourism officials on plans for the state’s 200th birthday in 2016. Convention and Visitors Bureau interim president Jeremy Yackle says subcommittees are floating ideas for arts, education, and agricultural observances, as well as a bicentennial ball or other community celebration.

As for all birthdays…at least as an adult…it becomes a day of reflection…where you’ve been, where you are today and where you are going.  So here are a few things about where we are today:

Credit Rating:  Governor Mike Pence announced on December 5 that Indiana has maintained its AAA credit ratings from all three bond agencies: Standard and Poor’s, Moody’s, and Fitch Ratings. Indiana has held AAA ratings with all three agencies since April of 2010.

From the press release:  “Fiscal discipline is the foundation of our prosperity,” said Governor Pence. “Today’s news is a testament to the hard work and discipline of State employees at every level and the fiscal leadership of the Indiana General Assembly. In the years ahead, our administration remains committed to maintaining a fiscally stable environment within our state for the betterment of both Hoosier families and businesses.”

And what about Hoosier jobs?  From a November 22, 2013 release:  Indiana’s unemployment rate is more than one percentage point below where it was in January, which is definitely significant” said Scott B. Sanders, Commissioner of the Indiana Department of Workforce Development. “The steady private sector job growth the Hoosier State has been experiencing for some time now is finally beginning to be reflected in the unemployment rate, which many businesses and individuals rely on to make important economic decisions.”

With the Pacers win over the Miami Heat last night…and of course, the IU win over Oakland…kinda feels good to be a Hoosier.  Happy Birthday Indiana…

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Vicki Reed

So cool…

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So it’s Friday night and I’m sitting here watching…Garth Brooks live from the Wynn in Vegas!  I’ve missed this man, his music and his personality!  I saw him in concert 3 times, twice with his wife Trisha Yearwood…she is my all time favorite female artist and loved it each and every time!  He is a true showman and made enough money from 1989 to 2001 to retire!  Imagine, making enough money in 12 years that you don’t ever have to worry about money again.

Yeah, he made a few missteps…the whole Chris Gaines thing was a little strange, but this guy is amazing! He has many influences and heroes across the genre’s, this show is filled from the beginning with all this amazing stuff!  Tricia joined him and switched his hat and we got pure Garth from there on…so much fun!

One of the most amazing things about him is he still seems humble, despite divorce from his daughters mother, maintained a relationship that allow them to grow up as normally as possible and signed off the show with “thank you for my life”, understanding that without the fans willingness to pay for the shows, cd’s and dvd’s, he has none of what he achieved in these last 25 years.  What an enjoyable 2 hours, they just flew by!

For those of you who know me, I listen to all music, love the 80’s hairbands, the 70’s rockers and all the way back to the 50’s and 60’s as well as the “old” country that I grew up with – Conway and Loretta, George and Tammy, and of course, Elvis – all invokes memories of home and family.  So what music brings it all back for you?

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Vicki Reed

What are you Thankful for???

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Sitting here thinking about the Thanksgiving holiday and feeling grateful for so much in my life I decided I’d share a little with you all, give you something to think about as you prepare your “I’m thankful for…” addresses for the family table tomorrow…

I’m thankful for…

1.  My Family…some here, some passed on, but always on my mind.  I’m thankful for my parents who’s unconditional love and support have allowed me to become the person I am…the world’s greatest Realtor!  All kidding aside, Mom and Dad are simply amazing people who tomorrow will be celebrating 51 years of marriage and while they’ve had their ups and downs, raised 3 very strong, independent women who have followed their own paths regardless of popular opinion.  And then we have my nieces…can I just say WOW an incredible group that I am so thankful to be a part of.

2.  My Friends…They say there are those that pass through your life, only there to serve a need for a short period, then those who stay much longer…Mary, Nancy, Jason and Dan…I am so thankful for your friendship, “group” dinners and the unwavering support I’ve received from each of you over the years…thank you for being my friends.  There are so many others…Tina, you are awesome, Gretchen, I wouldn’t have survived my first few years in the biz without you! and so many more of you that  it would take too many posts to count.

3.  My Keller Williams Family…I’ve never met a group of people so willing to help each other, not just in business, but in life!  Tonya, Staci, Natalie, Patti, Beth, Kris, Ann, Kim, Tony, Stephanie, Amber, actually, just everyone in the Keller Williams Indy Metro NE office…being part of this family has been life-changing and I so look forward to continuing this experience and growing my business.

There is so much and so many more to be grateful for, I challenge you all to really think about your life and those that have encouraged your dreams and stayed with you during your failures….these are those to be truly thankful for.

Happy Thanksgiving everyone…

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Vicki Reed

Thinking of Selling in the Spring?

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You do realize that if that’s you, you need to think about how you do your final yard clean-up to insure you are ready to go in February/March – before you even get the mower out of the garage!  I know, I know February/March seems early to be part of the “spring selling season”, but that’s when homes start hitting the market and if you are thinking of selling, you need to be ready!

I would love to work with you!  Let’s talk…we can look at a Comparative Market Analysis (CMA) and see where you are falling now, look at what projects you can work on this winter will increase your homes value and then look at the numbers again in February and get it going!  Now…about that fall clean-up…

Proper fall yard maintenance lowers the risk of plant diseases next spring. Raking the lawn ensures your grass won’t smother under a burden of fallen leaves. Of course, fall yard maintenance means winterizing: putting your plants to bed properly, all the hard work on those perinnials can pay off when spring has sprung and your yard is in bloom.

What needs doing in the fall yard before you can call it a year and start relaxing? Well, it would almost be easier to ask what does not need doing. You have your work cut out for you, especially if you have a big lawn. There’s more to fall landscaping than decorating for the Holidays. Consult this checklist to make sure your yard is in proper shape before the snow starts falling!

Beginners have some vague notion of having to “put the lawn and garden to bed” for the winter, but they are foggy on the specifics. This resource answers some commonly posed queries about fall yard maintenance. For example, how deep into fall do you have to continue mowing? What about watering your grass in fall?

Think about it, when you own a home, you always want anything you do to add value…what better way to make a good first impression as to have the best curb appeal…even in the winter.  Call me…let’s talk!

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Vicki Reed

Is your home haunted?

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My grandparents home is!  My Dad has recounted stories of when he was a teenager and sitting at the kitchen table and an old man in a sweater walked up where stairs had been prior to a 1950’s era reno that moved the stairs to the upstairs to the living room!  And then not to many years ago, he was visiting my grandparents and they were standing in the living room and a hand print appeared on the back of the loveseat next to the window and the curtain moved out of the way, like someone was leaning to look out the window!

My Grandmother routinely swore that her brother Albert was also there, she would see him leaning against the door jamb like he had done when he visited, one night after a bathroom visit, she literally ran into – well, I guess that would be through – him in the hallway on her way back to bed!  Bear in mind, Albert was killed in WW2 and buried in France!

There is an article in today’s Indianapolis Star, “3 haunted destinations in Midwest offer scary good times” offering an idea for a weekend getaway (click here for the article), the locations are Alton Illinois , Bardstown Kentucky and Marietta Ohio.  If that’s your idea of fun, looks like it could be a great time!

But what about Indy?  There are schools, bridges and of course Crown Hill Cemetary, but here are 3 that seem to show up on everyone’s list of REAL Haunted Houses:

Hannah House

Built by local farmer and politician Alexander Hannah in 1858, this south side manor maintains a prominent place in Indianapolis‘s storied past. A Historic Landmark, the Hannah House was a safe haven for escaping slaves as part of the Underground Railroad. This designation also plays into its reputation as a hotbed of paranormal activity, as an undocumented fire purportedly claimed the lives of several refugees one fateful night. The spirits of those victims, and of Hannah himself, are said to roam the corridors of the estate. The Hannah House is open to the public and even offers the chance to stay overnight and do a little ghost sleuthing…if you dare!

Central State Hospital

Originally christened the “Indiana Hospital for the Insane,” Central State Hospital opened its doors in 1848. From a single building housing five patients, Central State grew into a veritable campus where thousands of patients were treated for various ailments, both mental and physical. At its height in the middle of the 20th century, Central State encompassed nearly 100 acres, with two main buildings, several peripheral treatment centers, and enough businesses to have formed its own town. Not surprisingly, given the nature of its existence, the grounds of Central State Hospital, located on the near west side of Indy, is reportedly ripe with ghostly happenings.

The House of Blue Lights

Located on the city’s east side, the House of Blue Lights was an estate owned by Skiles Test, and it was the subject of many spooky tales involving caskets, dogs, cats, misty blue lights, and other goodies! Although the house is long gone now, much of the property remains as it was during the heyday of these stories, and is home to the Skiles Test nature park. The Test grave is also a popular ghostly destination in nearby Crown Hill cemetery.

Do you believe???  Or are you like me and the thought scares the bejeezus out of you?

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Vicki Reed

Historic Irvington Halloween Festival…

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Indy is just full of fun communities to call home, since this past spring when I helped my friend Kate buy her new home in Irvington, I’ve found myself spending more time in the area and exploring the many restaurants and shops in the are and am even considering a move to the area in the future!  Kate kept mentioning the Halloween Festival and I finally had to find out what it was all about…this is from their website:

For over 60 years, the Historic Irvington Halloween Festival has brought together thousands of residents, dozens of neighborhood organizations, and countless Eastside businesses in a fun-filled celebration of our heritage and community. The festival and its associated events are designed to bring awareness to the community, to bring commerce to local business and sponsors, and to provide fun for the children of Irvington and Indianapolis. The celebration now encompasses a week of events including a 5 mile run, a scholarship pageant, musicians, contests, Halloween-themed movies, storytelling, ghost tours, live theater, roller derby, a haunted puppet show and dozens of other events.

The Irvington Halloween Festival is organized by the Historic Irvington Community Council, a 501(c)3 organization that provides a voice to the city on Irvington issues such as public services, zoning and works to improve the community and the lives of its residents.

A Brief History of Irvington

Irvington was founded by Jacob Julian and Sylvester Johnson, who developed 300 acres into residential plots four miles east of Indianapolis. Named after 19th century writer Washington Irving, Irvington was annexed by the city of Indianapolis in 1902. Western Christian University (now Butler University) relocated to Irvington in 1873 and stayed there until 1928.

The neighborhood is situated on Washington Street, which is the route of the historic National Road, a National Scenic Byway. US 40 was formerly routed along the road. Through the early 1900s, a commuter rail/trolley system ran from Irvington to downtown Indianapolis along US 40. Ideally located just 10 minutes East of downtown Indianapolis, Irvington is a strong and growing community of quaint and magnificent homes located on tree-lined historic streets. Successful restaurants, coffee shops, retailers and parks all contribute to Irvington’s charm. The Irvington community is founded on strong ties to its historic past and is a great place to raise a family.

So if you are looking for something fun to do this week, check this out!

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Vicki Reed