NOT LISTED FOR SALE

2040 S Sherman Dr Indianapolis, IN 46203

Near Southeast Neighborhood

Estimated Value: $143,000 - $200,362

1 Bed
2 Baths
2,275 Sq Ft
$76/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $163,000 $72 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,123/month

5 Days on Market

Highlights

  • 0.98 Acre Lot
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Ranch Style House
  • Outdoor Storage
  • Combination Kitchen and Dining Room

About This Home

As of April 2021

This 2 BR 2 Full BA, has been completed remodeled including Electric and Plumbing. New Roof, Siding, Doors Water heater and windows. All done in 2018. Rental (1BR-1 BA) is also included. Rental has its own utilities and also has been remodeled including new siding, roof, plumbing, doors, windows and water heater.

Last Agent to Sell the Property

Stacy West

Berkshire Hathaway Home License #RB14041770 Listed on: 01/29/2021

Berkshire Hathaway Home

Last Buyer's Agent

Terry Melvin

RE/MAX At The Crossing

RE/MAX At The Crossing

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $812

Year Built

  • Built in 1916

Lot Details

  • 0.98

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2,275 Sq Ft Home
  • Combination Kitchen and Dining Room
  • Attic Access Panel
  • Fire and Smoke Detector
  • Basement

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic Tank

Additional Features

  • Outdoor Storage
  • 0.98 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 491017129015000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$812

Year Built

Built in 1916

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1916
  • Garage Y N: Yes
  • Lot Size Acres: 0.98
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: This 2 BR 2 Full BA, has been completed remodeled including Electric and Plumbing. New Roof, Siding, Doors Water heater and windows. All done in 2018. Rental (1BR-1 BA) is also included. Rental has its own utilities and also has been remodeled including new siding, roof, plumbing, doors, windows and water heater.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full,Unfinished
  • Appliances: Electric Cooktop,Dishwasher,Dryer,Microwave,Refrigerator,Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • Interior Amenities: Attic Access
  • Living Area: 2275
  • Other Equipment: Smoke Detector
  • Room Count: 5
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1131
  • Main Level Sq Ft: 1131
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 2275
  • Below Grade Sq Ft: 1144
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Storage
  • Foundation Details: Block
  • Association Maintained Building Exterior: 0
  • Porch: Covered Patio,Glass Enclosed Patio

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Detached

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491017129015000101
  • Acres: 1/2-1 Acre
  • Lot Information: Rural No Subdivision,Tree Mature
  • Lot Number: 0
  • Lot Size: 13,504

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 812
  • Semi Annual Property Tax Amt: 406
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2021
Closed on
Jun 9, 2021
Sold by
Anderson Thernell R
Bought by
Anderson Thernell R and Rhodes Cassandra L
Seller's Agent
Stacy West
Berkshire Hathaway Home
Buyer's Agent
Terry Melvin
RE/MAX At The Crossing
List Price
$159,900
Sold Price
$163,000
Premium/Discount to List
$3,100
1.94%
Current Estimated Value
$173,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,841
Avg. Annual Appreciation
1.44%
Original Mortgage
$160,047
Outstanding Balance
$145,043
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$28,798

Purchase Details

Listed on
Jan 29, 2021
Closed on
May 17, 2021
Sold by
Gibson Jonathan K
Bought by
Anderson Thernell R
Seller's Agent
Stacy West
Berkshire Hathaway Home
Buyer's Agent
Terry Melvin
RE/MAX At The Crossing
List Price
$159,900
Sold Price
$163,000
Premium/Discount to List
$3,100
1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,047
Outstanding Balance
$145,043
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$28,798

Purchase Details

Listed on
Jan 29, 2021
Closed on
Apr 30, 2021
Sold by
Anderson Thernell R
Bought by
Anderson Thernell R and Rhodes Cassandra L
Seller's Agent
Stacy West
Berkshire Hathaway Home
Buyer's Agent
Terry Melvin
RE/MAX At The Crossing
List Price
$159,900
Sold Price
$163,000
Premium/Discount to List
$3,100
1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,047
Outstanding Balance
$145,043
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$28,798

Purchase Details

Listed on
Jan 29, 2021
Closed on
Apr 29, 2021
Sold by
Gibson Jonathan K
Bought by
Anderson Thernell R
Seller's Agent
Stacy West
Berkshire Hathaway Home
Buyer's Agent
Terry Melvin
RE/MAX At The Crossing
List Price
$159,900
Sold Price
$163,000
Premium/Discount to List
$3,100
1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,047
Outstanding Balance
$145,043
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$28,798

Purchase Details

Listed on
Dec 9, 2013
Closed on
Jan 2, 2014
Sold by
Not Provided
Bought by
Gibson Stephen Philip
Seller's Agent
Becky Brill
Dropped Members
Buyer's Agent
Steve Masuccio
List Price
$9,900
Sold Price
$9,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.54%

Purchase Details

Closed on
Jun 12, 2012
Sold by
Jones Sandra S
Bought by
Croas Alice M
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
Anderson Thernell R -- None Listed On Document
Anderson Thernell R -- None Listed On Document
Anderson Thernell R -- None Available
Anderson Thernell R $163,000 None Available
Gibson Stephen Philip $9,900 Chicago Title Company Llc
Gibson Stephen Philip -- Chicago Title Company Llc
Croas Alice M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Thernell R $160,047
Previous Owner Anderson Thernell R $160,047
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2021 04/30/21 Sold $163,000 +1.9% $72 / Sq Ft
02/04/2021 02/04/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $159,900 +1515.2% $70 / Sq Ft
01/03/2014 01/03/14 Sold $9,900 0.0% $4 / Sq Ft View Prior Sale
12/13/2013 12/13/13 Pending -- -- --
12/09/2013 12/09/13 For Sale $9,900 -- $4 / 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 $2,561 $166,900 $19,800 $147,100
2023 $2,561 $179,900 $19,800 $160,100
2022 $2,475 $169,400 $19,800 $149,600
2021 $435 $53,300 $1,600 $51,700
2020 $456 $45,100 $1,600 $43,500
2019 $699 $58,000 $1,600 $56,400
2018 $645 $51,400 $1,600 $49,800
2017 $534 $46,500 $1,600 $44,900
2016 $502 $45,500 $1,600 $43,900
2014 $1,074 $48,000 $1,600 $46,400
2013 $1,040 $48,000 $1,600 $46,400
Source: Public Records

Agents Affiliated with this Home

  • Stacy West

    Seller's Agent in 2021

    Stacy West

    Berkshire Hathaway Home

    (765) 238-9103

    2 in this area

    78 Total Sales

    Stacy West
    Section Image

  • T

    Buyer's Agent in 2021

    Terry Melvin

    RE/MAX

    Section Image

  • B

    Seller's Agent in 2014

    Becky Brill

    Dropped Members

    Section Image

  • S

    Buyer's Agent in 2014

    Steve Masuccio

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21763136

MIBOR Broker Listing Cooperative®

APN: 49-10-17-129-017.000-101

Indiana Marion County Indianapolis 46203 Near Southeast

2040 S Sherman Dr, Indianapolis, IN

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