NOT LISTED FOR SALE

2024 Gerrard Ave Indianapolis, IN 46224

Estimated Value: $246,000 - $285,000

5 Beds
2 Baths
2,080 Sq Ft
$131/Sq Ft Est. Value

Last Sold October 17, 2024

Last sale price $290,000 $139 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,718/month

2 Days on Market

Highlights

  • Ranch Style House
  • Engineered Wood Flooring
  • Covered Patio or Porch
  • Speedway Junior High School Rated A
  • No HOA
  • 3 Car Detached Garage

About This Home

As of October 2024

Special opportunity to purchase a move in ready home in Speedway w/ a full 3CAR GARAGE! Freshly updated, this one is a 5 bedroom , 2 bath, all for under $300,000!. Curb Appeal features sharp exterior full brick wrap which is complemented w/ modern black trim. A covered front porch is great to enjoy your fall evenings. Stunning original hardwood floors have been restored to original warmth & elegance. Brand new bath on main floor has just the right amount of farmhouse flair. Open kitchen features quartz counters and brand new stainless appliances! And that is just the main floor! The lower level is huge and waiting for your personal touch! TV/game room? Hobbies? Exercise Room? The Recreational room (could be 5th bedroom), separate bedroom w/ egress window, and brand new bath with walk in shower! There is even plenty of storage for those Christmas decorations. 1 1/2 block walk to elementary school; 1/2 mile walk to Indianapolis Motor Speedway for all your racing events! This could also be a perfect TURN KEY short term rental or AirBNB. 5 beds, 2 full baths! Come see it today!

Last Agent to Sell the Property

Jayne Gauci

The Gauci Group, INC Brokerage Email: jayne@seejaynesell.com License #RB14050631 Listed on: 09/26/2024

Last Buyer's Agent

Angela Snodgrass

eXp Realty, LLC License #RB20000298

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,828

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 6,578

Parking

  • 3 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • Woodwork
  • Vinyl Clad Windows
  • Window Screens
  • Engineered Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms

Attic

  • Attic Access Panel
  • Pull Down Stairs to Attic

Finished Basement

  • Laundry in Basement
  • Basement Window Egress

Schools

  • James A Allison Elementary Sch 3
  • Speedway Junior High School
  • Speedway Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Covered Patio or Porch
  • 6,578 Sq Ft Lot
  • City Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 263 / Speedway Terrance
  • Assessor Parcel Number 490631120056000914
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,828

Year Built

Built in 1964 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1964
  • Building Area Total: 2080
  • Garage Y N: Yes
  • Lot Size Acres: 0.15
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: jayne@seejaynesell.com
  • Attribution Contact: jayne@seejaynesell.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Egress Window(s), Finished
  • Appliances: Electric Cooktop
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1040
  • Interior Amenities: Attic Access, Attic Pull Down Stairs, Hardwood Floors, Hi-Speed Internet Availbl, Eat-in Kitchen, Screens Some, Windows Vinyl, Wood Work Painted
  • Living Area: 2080
  • Main Level Bedrooms: 3
  • Other Equipment: Smoke Alarm
  • Spa Y N: No
  • Areas Interior: Bedroom Other on Main
  • Eating Area: Other Eating Area
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1040
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Country,Kitchen Some Updates
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Plans
  • Rooms Basement: 4

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Not Applicable
  • Fencing: Partial
  • Foundation Details: Block
  • List Price: 285000
  • Patio And Porch Features: Covered Porch
  • Pool Private Y N: No
  • Property Condition: Updated/Remodeled
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Detached
  • Garage Parking Other: Garage Door Opener
  • Garage Sq Ft: 816

Utilities

  • Utilities: Cable Available, Electricity Connected, Gas, Sewer Connected, Water Connected
  • Cooling: Central Electric
  • Electric: 200+ 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: City Lot, Not In Subdivision
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 6578
  • Parcel Number: 490631120056000914
  • Acres: <1/4 Acre
  • Price Acre: 1933333

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 2828
  • Tax Block: Speedway Terrance
  • Tax Lot: 263
  • Semi Annual Property Tax Amt: 1414
  • Tax Exemption: Homestead Tax Exemption

MLS Schools

  • Elementary School: James A Allison Elementary Sch 3
  • High School: Speedway Senior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Oct 17, 2024
Sold by
Mcarthur Matthew Braden
Bought by
Pawlik Mason and Pawlik Regan
Seller's Agent
Jayne Gauci
The Gauci Group, INC
Buyer's Agent
Angela Snodgrass
eXp Realty, LLC
List Price
$285,000
Sold Price
$290,000
Premium/Discount to List
$5,000
1.75%
Views
16
Current Estimated Value
$272,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,623
Avg. Annual Appreciation
-5.58%
Original Mortgage
$281,300
Outstanding Balance
$279,939
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
-$4,074

Purchase Details

Listed on
Apr 2, 2024
Closed on
Jun 6, 2024
Sold by
Morris James and Morris Stephani
Bought by
Mcarthur Matthew Braden
Seller's Agent
Candy Randolph
BluPrint Real Estate Group
Buyer's Agent
Jayne Gauci
The Gauci Group, INC
List Price
$244,900
Sold Price
$195,000
Premium/Discount to List
-$49,900
-20.38%
Views
87

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
176.67%

Purchase Details

Closed on
Mar 4, 2005
Sold by
Morris James
Bought by
Morris James and Morris Stephen
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
Pawlik Mason $290,000 Indylegal Title
Mcarthur Matthew Braden $195,000 First American Title
Morris James -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pawlik Mason $281,300
Previous Owner Morris James $7,901
Previous Owner Morris James $27,000
Previous Owner Morris Stephani $93,861
Previous Owner Morris James $15,684
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2024 10/17/24 Sold $290,000 +1.8% $139 / Sq Ft
09/28/2024 09/28/24 Pending -- -- --
09/26/2024 09/26/24 For Sale $285,000 +46.2% $137 / Sq Ft
05/29/2024 05/29/24 Sold $195,000 -13.3% $94 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
04/07/2024 04/07/24 Price Changed $225,000 -8.1% $108 / Sq Ft
04/02/2024 04/02/24 For Sale $244,900 -- $118 / 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 $2,948 $225,900 $14,300 $211,600
2023 $2,948 $236,100 $14,300 $221,800
2022 $2,829 $222,200 $14,300 $207,900
2021 $2,062 $166,100 $14,300 $151,800
2020 $1,816 $149,100 $14,300 $134,800
2019 $1,712 $142,200 $14,300 $127,900
2018 $1,575 $132,800 $14,300 $118,500
2017 $1,394 $126,400 $14,300 $112,100
2016 $954 $101,100 $14,300 $86,800
2014 $989 $103,300 $14,300 $89,000
2013 $935 $100,700 $14,300 $86,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22003873

MIBOR Broker Listing Cooperative®

APN: 49-06-31-120-056.000-914