NOT LISTED FOR SALE

1518 Faust St Indianapolis, IN 46203

Southeast Indianapolis Neighborhood

Estimated Value: $99,000 - $110,614

2 Beds
1 Bath
700 Sq Ft
$148/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $90,000 $129 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $551/month

18 Days on Market

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Woodwork
  • No HOA
  • Eat-In Country Kitchen
  • Landscaped with Trees

About This Home

As of May 2023

Cape cod cutie on half acre lot in Warren Twp schools. Newer vinyl windows and brand new well. Covered patio overlooks fully fenced backyard. Mini barn for extra storage and utilty building houses well pump and waterheater. Kitchen appliances and washer dryer stay. Own your own home and great for less than rent! No traffic on this tree lined dead end street. This home is move in ready.

Last Agent to Sell the Property

Terry Melvin

RE/MAX At The Crossing License #RB14037681 Listed on: 02/28/2023

RE/MAX At The Crossing

Last Buyer's Agent

Vanetta Rogers

Mark Dietel Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $90

Year Built

  • Built in 1950

Lot Details

  • 0.25 Acre Lot
  • Back Yard Fenced
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Bungalow
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 700 Sq Ft Home
  • Woodwork
  • Paddle Fans
  • Vinyl Clad Windows
  • Combination Kitchen and Dining Room

Kitchen

  • Eat-In Country Kitchen
  • Gas Oven
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Shed
  • Storage Shed

Location

  • City Lot

Schools

  • Warren Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7015145
  • Assessor Parcel Number 491015133030000700

Home Details

Home Type

Single Family

Est. Annual Taxes

$90

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow, Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1950
  • Building Area Total: 700
  • Garage Y N: No
  • Lot Size Acres: 0.25
  • Subdivision Name: Metes & Bounds
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: movinwithmelvin@gmail.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dryer, Gas Water Heater, Laundry Connection in Unit, Gas Oven, Range Hood, Refrigerator, Washer, Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Paddle Fan, Eat-in Kitchen, Windows Vinyl, Wood Work Painted
  • Living Area: 700
  • Main Level Bedrooms: 2
  • Other Equipment: Not Applicable
  • Areas Interior: Laundry in Unit
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 700
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Country
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Aluminum Siding
  • Exterior Features: Barn Mini, Storage Shed
  • Foundation Details: Block
  • List Price: 95000
  • Patio And Porch Features: Covered Porch

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Private Well
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: City Lot, Fence Full Rear, Trees-Small (Under 20 Ft)
  • Property Attached Yn: No
  • Lot Size Sq Ft: 10890
  • Parcel Number: 491015133030000700
  • Acres: 1/4-1/2 Acre
  • Price Acre: 360000

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 90
  • Tax Lot: 7015145
  • Semi Annual Property Tax Amt: 45
  • Tax Exemption: Homestead Tax Exemption,Other Tax Exemption/See Remarks

MLS Schools

  • High School: Warren Central High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
May 5, 2023
Sold by
Garner Carol S
Bought by
Palmer Keith
Seller's Agent
Terry Melvin
RE/MAX At The Crossing
Buyer's Agent
Vanetta Rogers
Mark Dietel Realty, LLC
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Views
62
Current Estimated Value
$103,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,904
Avg. Annual Appreciation
5.99%
Original Mortgage
$91,935
Outstanding Balance
$89,346
Interest Rate
6.32%
Mortgage Type
VA
Estimated Equity
$14,558
Source: Public Records

Range of Values:

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Average Value
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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
Palmer Keith $90,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmer Keith $91,935
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2023 05/08/23 Sold $90,000 -5.3% $129 / Sq Ft
03/19/2023 03/19/23 Pending -- -- --
02/28/2023 02/28/23 For Sale $95,000 -- $136 / 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 $69 $53,800 $4,000 $49,800
2023 $69 $48,500 $4,000 $44,500
2022 $68 $42,700 $4,000 $38,700
2021 $67 $38,500 $4,000 $34,500
2020 $66 $39,100 $4,000 $35,100
2019 $64 $37,900 $4,000 $33,900
2018 $63 $37,900 $4,000 $33,900
2017 $62 $36,000 $4,000 $32,000
2016 $61 $33,200 $4,000 $29,200
2014 $59 $31,200 $4,000 $27,200
2013 $59 $22,700 $4,000 $18,700
Source: Public Records

Agents Affiliated with this Home

  • Terry Melvin

    Seller's Agent in 2023

    Terry Melvin

    RE/MAX At The Crossing

    (317) 443-5695

    5 in this area

    124 Total Sales

    Terry Melvin
    Section Image

  • V

    Buyer's Agent in 2023

    Vanetta Rogers

    Mark Dietel Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21908126

MIBOR Broker Listing Cooperative®

APN: 49-10-15-133-030.000-700

Indiana Marion County Indianapolis 46203 Southeast Indianapolis

1518 Faust St, Indianapolis, IN

This home is located at 1518 Faust St, Indianapolis, IN 46203 since 28 February 2023 and is currently estimated at $103,904, approximately $148 per square foot. This property was built in 1950. 1518 Faust St is a home located in Marion County with nearby schools including Lowell Elementary School, Raymond Park Intermediate School (5-6), and Raymond Park Middle School.

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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