NOT LISTED FOR SALE

2531 Union St Indianapolis, IN 46225

Garfield Park Neighborhood

Estimated Value: $124,000 - $175,000

2 Beds
1 Bath
1,938 Sq Ft
$76/Sq Ft Est. Value

Last Sold January 27, 2020

Last sale price $68,000 $35 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $828/month

22 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • 1-Story Property
  • Formal Dining Room
  • Bungalow
  • Central Air

About This Home

As of January 2020

Very well kept bungalow, small lot but private back yard with 2 car detached garage off an alley. Hardwood floors throughout except one room. Large bathroom, 2 bedroom, enclosed front porch makes for a nice bonus room. Basement is finished into a large bonus room with carpet and paneling. 22X10 laundry room with storage, gas heat, and all appliances stay. New carpet. New floors. Freshly painted.

Last Agent to Sell the Property

A. Philip Standley

Doc Real Estate, Inc License #RB14047865 Listed on: 11/26/2019

Last Buyer's Agent

Jason Pearson

Carpenter, REALTORS®

Carpenter, REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $744

Year Built

  • Built in 1910

Lot Details

  • 5,053 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 1,938 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Attic Access Panel
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Gas Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Shrewburys Worthus Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491124101024000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$744

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow/Shotgun
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1910
  • Garage Y N: Yes
  • Lot Size Acres: 0.116
  • Subdivision Name: SHREWBURYS WORTHUS ADD
  • Inspection Warranties: Not Applicable
  • Property Description: Very well kept bungalow, small lot but private back yard with 2 car detached garage off an alley. Hardwood floors throughout except one room. Large bathroom, 2 bedroom, enclosed front porch makes for a nice bonus room. Basement is finished into a large bonus room with carpet and paneling. 22X10 laundry room with storage, gas heat, and all appliances stay. New carpet. New floors. Freshly painted.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Finished Ceiling
  • Appliances: Dishwasher, Dryer, Gas Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access
  • Living Area: 1938
  • Other Equipment: Smoke Detector
  • Room Count: 8
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1041
  • Main Level Sq Ft: 1041
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1938
  • Below Grade Sq Ft: 897
  • Pct Optional Level Finished: 50-75%

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • Association Maintained Building Exterior: 0

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Baseboard
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491124101024000101
  • Acres: <1/4 Acre
  • Lot Information: Corner
  • Lot Number: L15
  • Lot Size: 5,053

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 744
  • Semi Annual Property Tax Amt: 372
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2019
Closed on
Jan 16, 2020
Sold by
H & S Indiana Properties Llc
Bought by
Watkins Tyler
Seller's Agent
A. Philip Standley
Doc Real Estate, Inc
Buyer's Agent
Jason Pearson
Carpenter, REALTORS®
List Price
$78,900
Sold Price
$68,000
Premium/Discount to List
-$10,900
-13.81%
Current Estimated Value
$148,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,084
Avg. Annual Appreciation
13.83%
Original Mortgage
$54,400
Outstanding Balance
$48,065
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$100,019

Purchase Details

Closed on
May 31, 2017
Sold by
Hippenmeyer Andy J
Bought by
H & S Indiana Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 4, 2016
Closed on
Feb 2, 2017
Sold by
Egons Rusa Karlis
Bought by
Hippenmeyer Andy J
Seller's Agent
David Grenoble
Top Choice Real Estate, LLC
Buyer's Agent
A. Philip Standley
Doc Real Estate, Inc
List Price
$64,900
Sold Price
$51,900
Premium/Discount to List
-$13,000
-20.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Watkins Tyler $68,000 Meridian Title Corporation
Watkins Tyler -- None Available
H & S Indiana Properties Llc -- Chicago Title Co Llc
Hippenmeyer Andy J $51,900 Mvp National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watkins Tyler $54,400
Previous Owner H & S Indiana Properties Llc $296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/27/2020 01/27/20 Sold $68,000 -13.8% $35 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
11/26/2019 11/26/19 For Sale $78,900 +52.0% $41 / Sq Ft
02/02/2017 02/02/17 Sold $51,900 -13.4% $27 / Sq Ft View Prior Sale
01/25/2017 01/25/17 Pending -- -- --
12/07/2016 12/07/16 Price Changed $59,900 -4.2% $31 / Sq Ft
11/16/2016 11/16/16 Price Changed $62,500 -3.7% $32 / Sq Ft
10/04/2016 10/04/16 For Sale $64,900 -- $33 / 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 $709 $87,400 $17,000 $70,400
2023 $709 $86,100 $17,000 $69,100
2022 $702 $84,300 $17,000 $67,300
2021 $548 $72,900 $17,000 $55,900
2020 $539 $72,200 $17,000 $55,200
2019 $1,507 $60,400 $7,600 $52,800
2018 $1,422 $56,400 $7,600 $48,800
2017 $437 $52,000 $7,600 $44,400
2016 $395 $48,900 $7,600 $41,300
2014 $310 $42,500 $7,600 $34,900
2013 $391 $44,200 $7,600 $36,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    A. Philip Standley

    Doc Real Estate, Inc

  • J

    Buyer's Agent in 2020

    Jason Pearson

    Carpenter, REALTORS®

    Section Image
  • David Grenoble

    Seller's Agent in 2017

    David Grenoble

    Top Choice Real Estate, LLC

    (317) 626-5754

    1 in this area

    28 Total Sales

    David Grenoble
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21683430

MIBOR Broker Listing Cooperative®

APN: 49-11-24-101-024.000-101

Indiana Marion County Indianapolis 46225 Garfield Park

2531 Union St, Indianapolis, IN

Not Listed for Sale

Detached

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