NOT LISTED FOR SALE

1505 E Castle Ave Indianapolis, IN 46227

University Heights Neighborhood

Estimated Value: $157,000 - $171,000

2 Beds
1 Bath
1,560 Sq Ft
$107/Sq Ft Est. Value

Last Sold October 13, 2015

Last sale price $40,848 $26 Per Sq Ft

Est. 307% increase in value since last sale

Current estimated payment $1,162/month

Highlights

  • Formal Dining Room
  • Bungalow
  • Forced Air Heating and Cooling System
  • Woodwork
  • 1-Story Property
  • Garage

About This Home

As of October 2015

2 bedroom, 1 bath home in need of a complete remodel. This house can only be purchased with cash, no financing available. Condition reflects the price. Double lot.

Last Agent to Sell the Property

Mike Watkins

Mike Watkins Real Estate Group License #RB14006793 Listed on: 06/25/2015

Co-Listed By

Pat Watkins

Mike Watkins Real Estate Group License #RB14036818

Last Buyer's Agent

Mike Watkins

Dropped Members License #RB14006793

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $484

Year Built

  • Built in 1902

Lot Details

  • 10,454 Sq Ft Lot

Parking

  • Garage

Home Design

  • Bungalow
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Formal Dining Room
  • Basement
  • Basement Cellar

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • Elders University Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491031101001398501

Home Details

Home Type

Single Family

Est. Annual Taxes

$484

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1902
  • Garage Y N: Yes
  • Lot Size Acres: 0.24
  • Subdivision Name: ELDERS UNIVERSITY HEIGHTS
  • Inspection Warranties: General
  • Property Description: 2 bedroom, 1 bath home in need of a complete remodel. This house can only be purchased with cash, no financing available. Condition reflects the price. Double lot.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Cellar
  • Appliances: Gas Cooktop, Gas Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Wood Work Painted
  • Living Area: 1560
  • Other Equipment: Not Applicable
  • Room Count: 5
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 780
  • Main Level Sq Ft: 780
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Main Level
  • Total Sq Ft: 1560
  • Below Grade Sq Ft: 780
  • Upper Level Sq Ft: 0
  • Pct Optional Level Finished: 0-25%
  • Bathroom Areas: 1.0000
  • Optional Level Below Grade: Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 45000
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level,Covered Porch

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 1 Car Detached
  • Garage Parking Other: Garage Door Opener,Rear Load Garage

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Gas Connected
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491031101001398501
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks
  • Lot Number: 337& 338
  • Lot Size: 80x136

Tax Info

  • Tax Annual Amount: 484
  • Semi Annual Property Tax Amt: 242
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2015
Closed on
Oct 12, 2015
Sold by
Eby Rita J
Bought by
Farmer Management Group Iv Llc
Seller's Agent
Mike Watkins
Mike Watkins Real Estate Group
Buyer's Agent
Mike Watkins
Dropped Members
List Price
$45,000
Sold Price
$40,848
Premium/Discount to List
-$4,152
-9.23%
Current Estimated Value
$166,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,317
Avg. Annual Appreciation
15.11%

Purchase Details

Closed on
Jun 25, 2010
Sold by
Maier Diana L
Bought by
Eby Duarward S and Eby Rita J
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Farmer Management Group Iv Llc -- Chicago Title
Eby Duarward S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eby Duarward S $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2015 10/13/15 Sold $40,848 0.0% $26 / Sq Ft
09/03/2015 09/03/15 Off Market $40,848 -- --
06/25/2015 06/25/15 For Sale $45,000 -- $29 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,088 $139,300 $36,400 $102,900
2023 $3,088 $125,700 $36,400 $89,300
2022 $2,814 $114,800 $36,400 $78,400
2021 $2,492 $103,600 $36,400 $67,200
2020 $2,429 $100,600 $36,400 $64,200
2019 $2,243 $90,900 $27,600 $63,300
2018 $2,022 $80,900 $27,600 $53,300
2017 $1,791 $80,000 $27,600 $52,400
2016 $1,640 $74,600 $27,600 $47,000
2014 $484 $67,400 $27,600 $39,800
2013 $482 $66,800 $27,600 $39,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mike Watkins

    Mike Watkins Real Estate Group

  • Pat Watkins

    Seller Co-Listing Agent in 2015

    Pat Watkins

    Mike Watkins Real Estate Group

    (317) 698-9566

    9 in this area

    610 Total Sales

    Pat Watkins
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21361730

MIBOR Broker Listing Cooperative®

APN: 49-10-31-101-001.398-501

Indiana Marion County Indianapolis 46227 University Heights

1505 E Castle Ave, Indianapolis, IN

This home is located at 1505 E Castle Ave, Indianapolis, IN 46227 since 25 June 2015 and is currently estimated at $166,165, approximately $106 per square foot. This property was built in 1902. 1505 E Castle Ave is a home located in Marion County with nearby schools including Eleanor Skillen School No. 34, George W. Julian School No. 57, and James A. Garfield School 31.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® 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. Some IDX listings have been excluded from this website.

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