NOT LISTED FOR SALE

1516 E Edwards Ave Indianapolis, IN 46227

University Heights Neighborhood

Estimated Value: $30,520 - $140,000

5 Beds
2 Baths
2,520 Sq Ft
$31/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $190,000 $75 Per Sq Ft

Current estimated payment $467/month

31 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • Storm Windows
  • Traditional Architecture
  • Formal Dining Room
  • Built-in Bookshelves

About This Home

As of June 2022

Real Estate Investors Dream. The house is located 2 blocks from the center of the University of Indianapolis campus. This sale is for the home that sets on two (2) lots. The empty lot next door is available for an additional $25,000 for the possibility to build another unit next door. Empty lot does have the same address as this lot.

Last Agent to Sell the Property

Lisa Meulbroek

Liberty Real Estate, LLC. Listed on: 03/21/2022

Co-Listed By

Chris Meulbroek

Liberty Real Estate, LLC.

Last Buyer's Agent

Steven Smith

House to Home Realty Solutions

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,374

Year Built

  • Built in 1926

Lot Details

  • 5,445 Sq Ft Lot

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Formal Dining Room

Kitchen

  • Updated Kitchen
  • Gas Oven

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Laundry in Basement

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Satellite Dish

Community Details

  • Elders University Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491031101001087501

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,374

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Multi-Level, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1926
  • Building Area Total: 2520
  • Co List Office Phone: 866-973-6660
  • Garage Y N: No
  • Lot Size Acres: 0.125
  • Subdivision Name: ELDERS UNIVERSITY HEIGHTS
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Appliances: Gas Oven, Refrigerator
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Interior Amenities: Built In Book Shelves, Hardwood Floors, Storms Some
  • Other Equipment: Satellite Dish No Controls, Smoke Detector, Sump Pump
  • Areas Interior: Laundry in Basement
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1680
  • Main Level Sq Ft: 840
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Some Updates
  • Below Grade Sq Ft: 840
  • Upper Level Sq Ft: 840
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Block, Wood Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel
  • Foundation Details: Block, Full
  • List Price: 214900
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch,Porch Open

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: None
  • Garage Parking Other: Assigned Parking Outside

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Cable Available,High Speed Internet Avail
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491031101001087501
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Not In Subdivision,Wooded
  • Lot Number: 348
  • Lot Size: 104x136

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1374
  • Semi Annual Property Tax Amt: 687
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
Jun 28, 2022
Sold by
Brady Caitlyn C
Bought by
House To Home Realty Solutions Llc
Seller's Agent
Lisa Meulbroek
Liberty Real Estate, LLC.
Buyer's Agent
Steven Smith
House to Home Realty Solutions
List Price
$214,900
Sold Price
$190,000
Premium/Discount to List
-$24,900
-11.59%
Current Estimated Value
$77,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$112,493
Avg. Annual Appreciation
-25.25%

Purchase Details

Listed on
May 21, 2018
Closed on
Jun 22, 2018
Sold by
Heck James
Bought by
Brady Caitlyn C and Brady Sean P
Seller's Agent
John Stone
Blubird Real Estate
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$160,000
Sold Price
$149,000
Premium/Discount to List
-$11,000
-6.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
House To Home Realty Solutions Llc $20,000 Chicago Title
Brady Caitlyn C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heck James $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2022 06/24/22 Sold $190,000 -11.6% $75 / Sq Ft
04/21/2022 04/21/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $214,900 0.0% $85 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $214,900 +44.2% $85 / Sq Ft
06/22/2018 06/22/18 Sold $149,000 -6.9% $59 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $160,000 +45.5% $63 / Sq Ft
02/27/2015 02/27/15 Sold $110,000 -4.3% $44 / Sq Ft
02/02/2015 02/02/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $115,000 -- $46 / 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 $541 $22,800 $22,800 --
2023 $541 $22,800 $22,800 $0
2022 $538 $22,800 $22,800 $0
2021 $526 $22,800 $22,800 $0
2020 $528 $22,800 $22,800 $0
2019 $408 $17,300 $17,300 $0
2018 $493 $20,700 $20,700 $0
2017 $440 $20,700 $20,700 $0
2016 $430 $20,700 $20,700 $0
2014 $298 $13,800 $13,800 $0
2013 $287 $13,800 $13,800 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lisa Meulbroek

    Liberty Real Estate, LLC.

    Section Image

  • C

    Seller Co-Listing Agent in 2022

    Chris Meulbroek

    Liberty Real Estate, LLC.

    Section Image

  • S

    Buyer's Agent in 2022

    Steven Smith

    House to Home Realty Solutions

  • John Stone

    Seller's Agent in 2018

    John Stone

    Blubird Real Estate

    (317) 209-4355

    68 Total Sales

    John Stone
    Section Image

  • N

    Buyer's Agent in 2018

    Non-BLC Member

    MIBOR REALTOR® Association

    Non-BLC Member
    Section Image

  • I

    Buyer's Agent in 2018

    IUO Non-BLC Member

    Non-BLC Office

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21842825

MIBOR Broker Listing Cooperative®

APN: 49-10-31-101-001.088-501

Indiana Marion County Indianapolis 46227 University Heights

1516 E Edwards Ave, Indianapolis, IN

This home is located at 1516 E Edwards Ave, Indianapolis, IN 46227 since 21 March 2022 and is currently estimated at $77,507, approximately $30 per square foot. This property was built in 1926. 1516 E Edwards 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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