NOT LISTED FOR SALE

1622 Presto Ave Indianapolis, IN 46224

Estimated Value: $241,000 - $258,927

3 Beds
1.5 Baths
1,356 Sq Ft
$185/Sq Ft Est. Value

Last Sold August 12, 2024

Last sale price $245,000 $181 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,778/month

35 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Formal Dining Room
  • Speedway Junior High School Rated A
  • No HOA
  • 1 Car Detached Garage

About This Home

As of August 2024

Beautiful 3 bed 1 bath home in the heart of all that Speedway has to offer! This spacious floor plan offers a large living room through the main entry that is great for entertaining. The kitchen is in the center of the home conveniently located to the generous dining room. A cozy family room is a great secondary living space. 3 large bedrooms boast large closets and 2 of the bedrooms have gorgeous hardwood floors. The large basement has great potential for more living area, hobby room, exercise space, or whatever your needs may be. With a one car garage and a large yard shed, there is no lack of storage. Location could not be more convenient. Walking distance the track and all of the dining and shopping options of downtown Speedway. You will not want to miss out on this opportunity!

Last Agent to Sell the Property

Daniel Moran

Jeff Paxson Real Estate Browns Brokerage Email: dan@jeffpaxson.com License #RB14043449 Listed on: 05/21/2024

Last Buyer's Agent

Tom Endicott

Keller Williams Indpls Metro N License #RB14019412

Keller Williams Indpls Metro N

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,282

Year Built

  • Built in 1938

Lot Details

  • 6,316

Parking

  • 1 Car Detached Garage

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,356 Sq Ft Home
  • Formal Dining Room
  • Electric Oven
  • Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Speedway Junior High School
  • Speedway Senior High School

Additional Features

  • 6,316 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Schloss Home Place Subdivision

Listing and Financial Details

  • Tax Lot 183
  • Assessor Parcel Number 490631103110000914
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,282

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1938
  • Building Area Total: 2260
  • Garage Y N: Yes
  • Lot Size Acres: 0.15
  • Subdivision Name: Schloss Home Place
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: dan@jeffpaxson.com
  • Attribution Contact: dan@jeffpaxson.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Appliances: Dryer, Electric Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors
  • Living Area: 1356
  • Main Level Bedrooms: 3
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1356
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • List Price: 249900

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached
  • Garage Sq Ft: 240

Utilities

  • Heating: Forced Air
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Speedway Junior High School

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 6316
  • Parcel Number: 490631103110000914
  • Acres: <1/4 Acre
  • Price Acre: 1633333

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 5282
  • Tax Lot: 183
  • Semi Annual Property Tax Amt: 2641

MLS Schools

  • High School: Speedway Senior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Aug 12, 2024
Sold by
Sheeks Priscilla and Sheeks Anthony W
Bought by
Gomez Gerardo A and Valenzuela Mariela
Seller's Agent
Daniel Moran
Jeff Paxson Real Estate Browns
Buyer's Agent
Tom Endicott
Keller Williams Indpls Metro N
List Price
$285,000
Sold Price
$245,000
Premium/Discount to List
-$40,000
-14.04%
Views
162
Current Estimated Value
$250,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,482
Avg. Annual Appreciation
0.63%
Original Mortgage
$232,750
Outstanding Balance
$230,491
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$16,202
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
Gomez Gerardo A $245,000 First American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Gerardo A $232,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2024 08/12/24 Sold $245,000 -2.0% $181 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
06/21/2024 06/21/24 Price Changed $249,900 -7.4% $184 / Sq Ft
05/30/2024 05/30/24 Price Changed $269,900 -5.3% $199 / Sq Ft
05/21/2024 05/21/24 For Sale $285,000 -- $210 / 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 $5,462 $221,600 $18,400 $203,200
2023 $5,462 $216,700 $18,400 $198,300
2022 $5,281 $208,800 $18,400 $190,400
2021 $4,140 $163,600 $18,400 $145,200
2020 $3,837 $153,300 $18,400 $134,900
2019 $3,494 $139,400 $18,400 $121,000
2018 $3,479 $137,900 $18,400 $119,500
2017 $3,401 $135,500 $18,400 $117,100
2016 $3,196 $128,300 $18,400 $109,900
2014 $3,002 $121,500 $18,400 $103,100
2013 $2,886 $116,400 $18,400 $98,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21980623

MIBOR Broker Listing Cooperative®

APN: 49-06-31-103-110.000-914