NOT LISTED FOR SALE

40 W 48th St Indianapolis, IN 46208

Butler-Tarkington/Rocky Ripple Neighborhood

Estimated Value: $379,000 - $460,122

3 Beds
2 Baths
2,770 Sq Ft
$150/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $341,889 $123 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,606/month

3 Days on Market

Highlights

  • Cape Cod Architecture
  • Covered Patio or Porch
  • Wood Frame Window
  • Wood Flooring
  • Formal Dining Room
  • 1 Car Attached Garage

About This Home

As of July 2022

Welcome to Meridian Heights! This 3 bed-2 full bath Cape Cod brick home is nestled on a secluded drive giving you the privacy of a mini neighborhood. There are only four homes on this cul-de-sac. This home has beautiful hardwood floors, crown molding & many windows for natural daylight. It has two bedrooms on the main floor, a formal dining room, living room & sunroom. Enjoy peaceful evenings on the large covered front porch or back patio. The entire second level is the master suite w/ample room for a seating area & closets. Tons of storage w/the large basement. East walk to 56th Street shops, Monon Trail, Towpath & Butler University. Situated in the Meridian Street Preservation Commission area.

Last Agent to Sell the Property

Jerry Gemmecke

F.C. Tucker Company Listed on: 06/01/2022

F.C. Tucker Company

Last Buyer's Agent

Jana Musser

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,292

Year Built

  • Built in 1920

Lot Details

  • 9,148 Sq Ft Lot
  • Partially Fenced Property
  • Privacy Fence

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1.5-Story Property
  • Wood Frame Window
  • Living Room with Fireplace
  • Formal Dining Room
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Microwave
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Community Details

  • Meridian Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490612230039000801

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,292

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: CapeCod
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1920
  • Building Area Total: 2770
  • Garage Y N: Yes
  • Lot Size Acres: 0.21
  • Subdivision Name: MERIDIAN HEIGHTS
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Website: www.thegemmeckegroup.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Partial
  • Appliances: Disposal, Microwave, Gas Oven
  • Levels: One and One Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, Windows Wood
  • Other Equipment: Programmable Thermostat
  • Areas Interior: Living Room Formal,Laundry in Basement
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 2252
  • Main Level Sq Ft: 1216
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Bedroom, Split,Suite,TubFull
  • Kitchen Features: Kitchen Eat In
  • Below Grade Sq Ft: 518
  • Upper Level Sq Ft: 1036
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Brick, Wood
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete, Fence Partial, Fence Privacy
  • Foundation Details: Block
  • List Price: 338888
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Gas
  • Garage Parking Description: Attached
  • Garage Sq Ft: 220

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Cable Available
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490612230039000801
  • Acres: <1/4 Acre
  • Lot Information: Cul-De-Sac,Tree Mature,Wooded
  • Lot Number: 5
  • Lot Size: 100 X 90

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 3292
  • Semi Annual Property Tax Amt: 1646
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jul 13, 2022
Sold by
Edwards George E
Bought by
Isaacs Teresa
Seller's Agent
Jerry Gemmecke
F.C. Tucker Company
Buyer's Agent
Jana Musser
F.C. Tucker Company
List Price
$338,888
Sold Price
$341,889
Premium/Discount to List
$3,001
0.89%
Current Estimated Value
$414,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,642
Avg. Annual Appreciation
9.24%
Original Mortgage
$306,000
Outstanding Balance
$294,607
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$156,671
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
Isaacs Teresa $341,888 Schmitz David A
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Isaacs Teresa $110,000
Open Isaacs Teresa $306,000
Previous Owner Edwards George E $100,000
Previous Owner Edwards George E $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2022 07/11/22 Sold $341,889 +0.9% $123 / Sq Ft
06/05/2022 06/05/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $338,888 -- $122 / 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 $4,162 $358,500 $69,100 $289,400
2023 $4,162 $341,800 $69,100 $272,700
2022 $3,541 $311,800 $69,100 $242,700
2021 $3,377 $282,000 $61,100 $220,900
2020 $3,455 $287,500 $61,100 $226,400
2019 $3,524 $287,500 $61,100 $226,400
2018 $3,462 $279,900 $61,100 $218,800
2017 $3,031 $276,800 $61,100 $215,700
2016 $2,916 $272,600 $61,100 $211,500
2014 $2,889 $266,900 $61,100 $205,800
2013 $2,643 $254,200 $61,100 $193,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jerry Gemmecke

    F.C. Tucker Company

    Section Image

  • J

    Buyer's Agent in 2022

    Jana Musser

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21858781

MIBOR Broker Listing Cooperative®

APN: 49-06-12-230-039.000-801

Indiana Marion County Indianapolis 46208 Butler-Tarkington/Rocky Ripple

40 W 48th St, Indianapolis, IN

This home is located at 40 W 48th St, Indianapolis, IN 46208 since 01 June 2022 and is currently estimated at $414,531, approximately $149 per square foot. This property was built in 1920. 40 W 48th St is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Arsenal Technical High School, and George Washington Community High School (9-12).

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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