NOT LISTED FOR SALE

250 S State Ave Indianapolis, IN 46201

Fountain Square Neighborhood

Estimated Value: $464,417

1 Bed
1 Bath
1,848 Sq Ft
$251/Sq Ft Est. Value

Last Sold May 21, 2020

Last sale price $255,000 $138 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,666/month

17 Days on Market

About This Home

As of May 2020

A one of a kind building located in downtown Indianapolis and nearby Fountain Square. Its location is ideal for those seeking convenient access to highways. The building has a rear door 14 x 10 (2016), it can accommodate large commercial vehicles/motor coach. Water line from meter to building installed 2016; Sewer Line from sidewalk to building with clean out 2019; Heating unit 2018, New Roof, gutters and water heater 2019. 440 Amp disconnect and 200 Amp Panel. A residential zoned lot adjacent to the building is part of the sale. The dimensions of the lot are Frontage 34' x 150' Depth; .12 acres. The main floor of the building is 52' x 26.5', the mezzanine is 26.5' x 12.75'. Bathroom, Kitchen/office & Shower. Building is zoned I-3.

Last Agent to Sell the Property

Jason DeArman

Midwest Land Group License #RB14050139 Listed on: 04/06/2020

Midwest Land Group

Co-Listed By

Alex Hottle

F.C. Tucker Company License #RB14049178

Last Buyer's Agent

Ray Ailstock

Ray Ailstock REALTY, LLC License #RB15001429

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,860

Year Built

  • Built in 1969

Lot Details

  • 5,101 Sq Ft Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Vinyl Clad Windows

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Community Details

  • Crapsters Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491007104006000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,860

Year Built

Built in 1969

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1969
  • Co List Office Phone: 317-259-6000
  • Garage Y N: Yes
  • Lot Size Acres: 0.1171
  • Subdivision Name: CRAPSTERS ADD
  • Inspection Warranties: Not Applicable
  • Property Description: A one of a kind building located in downtown Indianapolis and nearby Fountain Square. Its location is ideal for those seeking convenient access to highways. The building has a rear door 14 x 10 (2016), it can accommodate large commercial vehicles/motor coach. Water line from meter to building installed 2016; Sewer Line from sidewalk to building with clean out 2019; Heating unit 2018, New Roof, gutters and water heater 2019. 440 Amp disconnect and 200 Amp Panel. A residential zoned lot adjacent to the building is part of the sale. The dimensions of the lot are Frontage 34' x 150' Depth; .12 acres. The main floor of the building is 52' x 26.5', the mezzanine is 26.5' x 12.75'. Bathroom, Kitchen/office & Shower. Building is zoned I-3.
  • Transaction Type: Sale
  • Website: http://www.dearmanpropertygroup.com/
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Windows Vinyl
  • Living Area: 1848
  • Other Equipment: Not Applicable
  • Room Count: 2
  • Eating Area: Other Eating Area
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1848
  • Main Level Sq Ft: 1512
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1848
  • Upper Level Sq Ft: 336

Exterior Features

  • Construction Materials: Block
  • Disclosures: Not Applicable
  • Foundation Details: Slab
  • List Price: 280000
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Electric,Gas
  • Garage Parking Description: Built-In

Utilities

  • Sewer: Sewer Connected
  • Cooling: Ceiling Fan(s),None
  • Heating: See Remarks
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Other

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491007104006000101
  • Acres: <1/4 Acre
  • Lot Number: 4
  • Lot Size: 5,101

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1860
  • Semi Annual Property Tax Amt: 930
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2020
Closed on
May 21, 2020
Sold by
Hottle Neil
Bought by
Felder Alex C
Seller's Agent
Jason DeArman
Midwest Land Group
Buyer's Agent
Ray Ailstock
Ray Ailstock REALTY, LLC
List Price
$280,000
Sold Price
$255,000
Premium/Discount to List
-$25,000
-8.93%
Current Estimated Value
$464,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,417
Avg. Annual Appreciation
7.82%

Purchase Details

Closed on
Apr 12, 2019
Sold by
Studio Art Llc
Bought by
Hottle Neil

Purchase Details

Closed on
Sep 23, 2016
Sold by
Hess Owana C
Bought by
Studio Art 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 Buyer Sale Price Title Company
Felder Alex C -- Ata National Title
Hottle Neil -- None Available
Studio Art Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2020 05/21/20 Sold $255,000 -8.9% $138 / Sq Ft
04/24/2020 04/24/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $280,000 -- $152 / 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 $1,674 $60,700 $10,300 $50,400
2023 $1,674 $57,000 $10,300 $46,700
2022 $1,669 $49,800 $10,300 $39,500
2021 $1,609 $51,300 $8,900 $42,400
2020 $1,603 $51,300 $8,900 $42,400
2019 $1,983 $63,100 $8,900 $54,200
2018 $1,937 $59,800 $6,400 $53,400
2017 $1,675 $58,100 $6,400 $51,700
2016 $981 $34,800 $6,400 $28,400
2014 $1,017 $34,800 $6,400 $28,400
2013 $1,028 $34,800 $6,400 $28,400
Source: Public Records

Agents Affiliated with this Home

  • Jason DeArman

    Seller's Agent in 2020

    Jason DeArman

    Midwest Land Group

    (317) 223-6590

    3 in this area

    320 Total Sales

    Jason DeArman
    Section Image
  • Alex Hottle

    Seller Co-Listing Agent in 2020

    Alex Hottle

    F.C. Tucker Company

    (317) 409-7382

    37 Total Sales

    Alex Hottle
    Section Image
  • Ray Ailstock

    Buyer's Agent in 2020

    Ray Ailstock

    Ray Ailstock REALTY, LLC

    (317) 416-5417

    32 Total Sales

    Ray Ailstock
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21703744

MIBOR Broker Listing Cooperative®

APN: 49-10-07-104-006.000-101

Indiana Marion County Indianapolis 46201 Fountain Square

250 S State Ave, Indianapolis, IN

This home is located at 250 S State Ave, Indianapolis, IN 46201 since 06 April 2020 and is currently estimated at $464,417, approximately $251 per square foot. This property was built in 1969. 250 S State Ave is a home located in Marion County with nearby schools including Washington Irving School 14, Arsenal Technical High School, and George Washington Community High School No. 721.

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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