$210,000
SOLD SEP 11, 2024

2005 Gerrard Ave Indianapolis, IN 46224

2 Beds
1 Bath
768 Sq Ft
6,578 Sq Ft Lot

Recently Sold

$273 Per Sq Ft

3% Below List Price

29 Days on Market

Highlights

  • Mature Trees
  • Traditional Architecture
  • Covered patio or porch
  • Speedway Junior High School Rated A
  • No HOA
  • 2 Car Detached Garage

About This Home

As of September 2024

You'll feel right at home in this cute little bungalow in Speedway, less than 1 mile from the Indianapolis Motor Speedway and less than 15 minutes from the airport! Entire interior has been freshly painted. New flooring throughout the home, updated lighting, kitchen butcher block counters, kitchen faucet and hardware as well as a completely remodeled bathroom. Step onto the covered front porch or choose from one of the 2 large patios on the side and back of the home to relax. Don't forget to check out the oversized 2-car garage with extra storage shelves and work benches! Off street parking in front or in garage off back alley. Kitchen appliances included. There is extra storage space as well as the laundry hookups in the newly painted basement.

Last Agent to Sell the Property

Lori Ann Meyer

Highgarden Real Estate Brokerage Email: teammeyerrealestate@gmail.com License #RB17001722 Listed on: 07/11/2024

Last Buyer's Agent

Paul Commons

F.C. Tucker Company License #RB16001453

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,448

Year Built

  • Built in 1943 | Remodeled

Lot Details

  • 6,578 Sq Ft Lot
  • Mature Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Bungalow
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Paddle Fans
  • Vinyl Clad Windows
  • Window Screens
  • Combination Dining and Living Room
  • Smart Thermostat
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Built-In Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Sump Pump
  • Laundry in Basement
  • Crawl Space
  • Basement Lookout

Outdoor Features

  • Covered patio or porch

Schools

  • Speedway Junior High School
  • Speedway Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Everett M Schofield Subdivision

Listing and Financial Details

  • Tax Lot L246
  • Assessor Parcel Number 490631120025000914
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,448

Year Built

Built in 1943 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1943
  • Building Area Total: 1344
  • Garage Y N: Yes
  • Lot Size Acres: 0.15
  • Subdivision Name: Everett M Schofield
  • Inspection Warranties: General
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: teammeyerrealestate@gmail.com
  • Attribution Contact: teammeyerrealestate@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Daylight/Lookout Windows, Partial
  • Appliances: Disposal, Gas Water Heater, Laundry Connection in Unit, MicroHood, Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Paddle Fan, Programmable Thermostat, Screens Some, Windows Vinyl
  • Living Area: 768
  • Main Level Bedrooms: 2
  • Other Equipment: Sump Pump
  • Spa Y N: No
  • Areas Interior: Laundry in Unit,Utility Room
  • Eating Area: Dining Combo/Living Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 768
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 1

Exterior Features

  • Construction Materials: Aluminum Siding
  • Direction Faces: West
  • Fencing: Fence Full Rear
  • Foundation Details: Crawl Space, Partial, Block
  • List Price: 217000
  • Patio And Porch Features: Covered Porch, Open Patio
  • Pool Private Y N: No
  • Property Condition: Updated/Remodeled
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Garage Parking Other: Garage Door Opener
  • Garage Sq Ft: 576

Utilities

  • Utilities: Electricity Connected, Gas, Sewer Connected, Water Connected
  • Cooling: Central Electric
  • Electric: 100 Amp Service
  • Heating: Forced Air, Gas
  • Laundry Features: In Basement
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Speedway Junior High School

Lot Info

  • Lot Features: Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 6578
  • Parcel Number: 490631120025000914
  • Acres: <1/4 Acre
  • Price Acre: 1400000

Green Features

  • Green Certification Y N: No
  • Smart Home Features: Thermostat - Programmable

Tax Info

  • Tax Annual Amount: 1448
  • Tax Lot: L246
  • Semi Annual Property Tax Amt: 724
  • Tax Exemption: None

MLS Schools

  • High School: Speedway Senior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Sep 11, 2024
Sold by
909 Properties Llc
Bought by
Buchanan Joshua D
Seller's Agent
Lori Ann Meyer
Highgarden Real Estate
Buyer's Agent
Paul Commons
F.C. Tucker Company
List Price
$217,000
Sold Price
$210,000
Premium/Discount to List
-$7,000
-3.23%
Views
412
Current Estimated Value
$210,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$682
Avg. Annual Appreciation
-1.99%
Original Mortgage
$206,196
Outstanding Balance
$204,556
Interest Rate
6.73%
Mortgage Type
FHA
Estimated Equity
$1,723

Purchase Details

Closed on
Apr 12, 2024
Sold by
Grise Home & Prop Group Llc
Bought by
909 Properties Llc
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 Type Sale Price Title Company
Warranty Deed $210,000 Eagle Land Title
Special Warranty Deed $112,000 None Listed On Document
Warranty Deed $112,000 Eagle Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $206,196 FHA
Previous Owner $16,500 Credit Line Revolving
Previous Owner $10,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 Sold $210,000 -3.2% $273 / Sq Ft
08/10/2024 08/10/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $217,000 -- $283 / 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 $1,496 $128,700 $14,300 $114,400
2023 $1,496 $135,900 $14,300 $121,600
2022 $1,448 $128,300 $14,300 $114,000
2021 $929 $97,100 $14,300 $82,800
2020 $756 $87,800 $14,300 $73,500
2019 $638 $84,100 $14,300 $69,800
2018 $562 $79,300 $14,300 $65,000
2017 $475 $75,800 $14,300 $61,500
2016 $707 $87,800 $14,300 $73,500
2014 $737 $89,600 $14,300 $75,300
2013 $738 $88,200 $14,300 $73,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21989944

MIBOR Broker Listing Cooperative®

APN: 49-06-31-120-025.000-914