NOT LISTED FOR SALE

406 E Sumner Ave Indianapolis, IN 46227

North Perry Neighborhood

Estimated Value: $160,000 - $177,000

2 Beds
1 Bath
1,716 Sq Ft
$99/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $127,000 $74 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,049/month

4 Days on Market

Highlights

  • Covered Patio or Porch
  • Detached Garage
  • Combination Kitchen and Dining Room
  • Perry Meridian Middle School Rated A-

About This Home

As of December 2021

Terrific opportunity on south side --- this home will make a great investment property OR starter home! Why rent when you can own for less? This two bedroom, 1 bathroom home offers open layout on main level, full basement, hardwood flooring, stainless steel appliances, neutral décor / colors throughout, a nice detached garage, and a private back yard setting. Hurry, this will not last at $130,000!

Last Agent to Sell the Property

Scott Armstrong

Armstrong Real Estate Brokerag License #RB14037443 Listed on: 10/28/2021

Last Buyer's Agent

Chizuki Lothamer

@properties

@properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,774

Year Built

  • 1940

Lot Details

  • 6,534

Parking

  • Detached Garage

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Combination Kitchen and Dining Room
  • Covered Patio or Porch

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,774

Year Built

1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Architectural Style: Ranch
  • Directions: US 31 to Sumner Ave., west to home.
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: LE GORE CREST
  • Special Features: None
  • Year Built: 1940

Interior Features

  • Appliances: Electric Oven
  • Has Basement: Unfinished
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 858
  • Main Level Sq Ft: 858
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Below Grade Sq Ft: 858
  • Pct Optional Level Finished: 0-25%
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors
  • Other Equipment: Smoke Detector

Exterior Features

  • Foundation Details: Block
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch
  • Construction Type: Vinyl Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: Detached
  • Garage Sq Ft: 216
  • Garage Spaces: 1

Utilities

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

Lot Info

  • Acres: <1/4 Acre
  • Lot Number: 53
  • Lot Size: 6,839

Green Features

  • Green Certification Y N: 0

Tax Info

  • Semi Annual Property Tax Amt: 1387
  • Tax Exemption: None
  • Tax Annual Amount: 2774
  • Tax Year: 2020

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Dec 3, 2021
Sold by
Equity Sunrise Llc
Bought by
Rust Mercedes
Seller's Agent
Scott Armstrong
Armstrong Real Estate Brokerag
Buyer's Agent
Chizuki Lothamer
@properties
List Price
$124,900
Sold Price
$127,000
Premium/Discount to List
$2,100
1.68%
Current Estimated Value
$170,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,013
Avg. Annual Appreciation
7.30%
Original Mortgage
$124,975
Outstanding Balance
$116,090
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$49,765

Purchase Details

Closed on
Jan 31, 2019
Sold by
Turner Nancy S
Bought by
Equityh Sunrise Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.5%
Mortgage Type
New Conventional
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
Rust Mercedes $127,000 Quality Title
Equityh Sunrise Llc $120,000 Hocker And Associates
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rust Mercedes $124,975
Previous Owner Equityh Sunrise Llc $85,000
Previous Owner Turner Nancy S $69,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $127,000 +1.7% $74 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $124,900 -- $73 / 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 $1,721 $140,600 $16,300 $124,300
2023 $1,721 $147,200 $16,300 $130,900
2022 $1,611 $130,000 $16,300 $113,700
2021 $1,432 $114,100 $16,300 $97,800
2020 $2,856 $106,200 $16,300 $89,900
2019 $757 $84,100 $16,300 $67,800
2018 $576 $74,100 $16,300 $57,800
2017 $650 $78,600 $16,300 $62,300
2016 $631 $77,300 $16,300 $61,000
2014 $466 $74,700 $16,300 $58,400
2013 $478 $74,700 $16,300 $58,400
Source: Public Records

Agents Affiliated with this Home

  • Scott Armstrong

    Seller's Agent in 2021

    Scott Armstrong

    Armstrong Real Estate Brokerag

    (317) 432-1544

    1 in this area

    158 Total Sales

    Scott Armstrong
    Section Image

  • C

    Buyer's Agent in 2021

    Chizuki Lothamer

    @properties

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21821877

MIBOR Broker Listing Cooperative®

APN: 49-11-25-123-008.000-500

Indiana Marion County Indianapolis 46227 North Perry

406 E Sumner Ave, Indianapolis, IN

This home is located at 406 E Sumner Ave, Indianapolis, IN 46227 since 28 October 2021 and is currently estimated at $170,013, approximately $99 per square foot. This property was built in 1940. 406 E Sumner Ave is a home located in Marion County with nearby schools including Abraham Lincoln Elementary School, Perry Meridian 6th Grade Academy, and Perry Meridian Middle School.

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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