409 E 48th St Indianapolis, IN 46205
Meridian Kessler NeighborhoodEstimated Value: $1,102,289 - $1,128,000
5
Beds
5
Baths
4,204
Sq Ft
$265/Sq Ft
Est. Value
Highlights
- Mature Trees
- Living Room with Fireplace
- Wood Flooring
- Deck
- Traditional Architecture
- No HOA
About This Home
As of May 2024Fantastic 5 bedroom home in the heart of Meridian-Kessler on a double lot with huge back yard and tons of premium updated space for everyone- all on quiet 48th Street between Washington Blvd & Central Ave. The home maintenance guru is going to love this one. Virtually every major expenditure was done in 2023: New roof on home/garage with premium shingles, 2 new high quality efficiency HVAC systems with multiple zones, all new deck, exterior painting of siding cement board, new 3rd level bedroom/entertainment suite with stunning new full bath, new gorgeous solid hardwood floors throughout 2nd & 3rd floors, new Pella windows upstairs (Marvin windows on floors 1&2), TWO 50 gallon hot water heaters ('23 & '20). All high quality items. Greeted by an amazing curb appeal & front porch, this home has a terrific floor plan with large living areas, updated kitchen & dining room plus first floor office/den. Beautiful updated primary suite with walk-in/multiple closets & luxurious bathroom plus ideal upstairs laundry room. Multiple outside living spaces on a 1/3 acre (huge for the neighborhood), new deck and newer paver patios with fire pit. Oversized 2 car garage is already hard-wired for 2 electric vehicles and has upstairs walk-up storage area or carriage house opportunity. This one is a special home in a fantastic location, walkable to everything in Meridian-Kessler. 2 blocks from CFI School 70.
Last Agent to Sell the Property
F.C. Tucker Company Brokerage Email: matt.king@talktotucker.com License #RB16001708 Listed on: 04/03/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,038
Year Built
- Built in 1915
Lot Details
- 0.31 Acre Lot
- Sprinkler System
- Mature Trees
Parking
- 2 Car Detached Garage
Home Design
- Traditional Architecture
- Block Foundation
- Cement Siding
Interior Spaces
- 2-Story Property
- Built-in Bookshelves
- Woodwork
- Skylights
- Wood Frame Window
- Living Room with Fireplace
- 2 Fireplaces
- Den with Fireplace
- Wood Flooring
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Electric Oven
- Recirculated Exhaust Fan
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Partial Basement
- Basement Lookout
Outdoor Features
- Deck
- Patio
- Playground
Utilities
- Forced Air Heating System
- Heat Pump System
- Heating System Uses Gas
- Programmable Thermostat
- Gas Water Heater
Community Details
- No Home Owners Association
- A V Browns E Meridian Subdivision
Listing and Financial Details
- Assessor Parcel Number 490612229084000801
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 3, 2024
Closed on
May 8, 2024
Sold by
Orr Brian and Orr Rosa
Bought by
Katsaropoulos John and Katsaropoulos Rebecca
Seller's Agent
Matt King
F.C. Tucker Company
Buyer's Agent
Adam Corya
Carpenter, REALTORS®
List Price
$1,025,000
Sold Price
$1,100,000
Premium/Discount to List
$75,000
7.32%
Total Days on Market
1
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,096
Avg. Annual Appreciation
1.23%
Original Mortgage
$760,550
Outstanding Balance
$209,176
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$904,920
Purchase Details
Listed on
Feb 14, 2019
Closed on
May 10, 2019
Sold by
Stephenson Jeremy C and Stephenson Rochelle L
Bought by
Orr Brian and Orr Rosa
Seller's Agent
Eric Jefferson
Onyx and East, LLC
Buyer's Agent
Matt King
F.C. Tucker Company
List Price
$739,000
Sold Price
$685,000
Premium/Discount to List
-$54,000
-7.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%
Original Mortgage
$685,000
Interest Rate
4.1%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Mar 29, 2018
Sold by
John P Weida
Bought by
Stephenson Jeremy and Stephenson Rochelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.44%
Similar Homes in Indianapolis, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Katsaropoulos John | $1,100,000 | Enterprise Title | |
| Orr Brian | $685,000 | Title Services, Llc | |
| Stephenson Jeremy | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Katsaropoulos John | $760,550 | |
| Closed | Katsaropoulos John | $760,550 | |
| Previous Owner | Orr Brian | $685,000 | |
| Previous Owner | Stephenson Jeremy | $400,000 | |
| Previous Owner | Stephenson Jeremy | -- | |
| Previous Owner | Stephenson Jeremy C | $350,000 | |
| Previous Owner | Stephenson Jeremy C | $266,000 | |
| Previous Owner | Stephenson Jeremy C | $25,000 | |
| Previous Owner | Stephenson Jeremy C | $270,000 | |
| Previous Owner | Stephenson Jeremy C | $60,000 | |
| Previous Owner | Stephenson Jeremy C | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2024 05/17/24 | Sold | $1,100,000 | +7.3% | $262 / Sq Ft |
| 04/05/2024 04/05/24 | Pending | -- | -- | -- |
| 04/03/2024 04/03/24 | For Sale | $1,025,000 | +49.6% | $244 / Sq Ft |
| 05/10/2019 05/10/19 | Sold | $685,000 | -5.5% | $169 / Sq Ft |
| 03/28/2019 03/28/19 | Pending | -- | -- | -- |
| 03/08/2019 03/08/19 | Price Changed | $725,000 | -1.9% | $179 / Sq Ft |
| 02/14/2019 02/14/19 | For Sale | $739,000 | -- | $183 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $8,361 | $691,300 | $94,800 | $596,500 |
| 2023 | $8,361 | $678,500 | $94,800 | $583,700 |
| 2022 | $8,193 | $646,500 | $94,800 | $551,700 |
| 2021 | $7,534 | $623,800 | $57,300 | $566,500 |
| 2020 | $7,417 | $611,600 | $57,300 | $554,300 |
| 2019 | $5,253 | $423,200 | $57,300 | $365,900 |
| 2018 | $5,155 | $411,400 | $57,300 | $354,100 |
| 2017 | $4,624 | $418,900 | $57,300 | $361,600 |
| 2016 | $4,581 | $425,500 | $57,300 | $368,200 |
| 2014 | $4,356 | $400,100 | $57,300 | $342,800 |
| 2013 | $1,998 | $329,500 | $57,300 | $272,200 |
Source: Public Records
Agents Affiliated with this Home
-
Matt King
Seller's Agent in 2024
Matt King
F.C. Tucker Company
(317) 313-5533
63 in this area
214 Total Sales
-
Adam Corya
Buyer's Agent in 2024
Adam Corya
Carpenter, REALTORS®
(317) 460-6514
4 in this area
143 Total Sales
-
Eric Jefferson
Seller's Agent in 2019
Eric Jefferson
Onyx and East, LLC
(317) 443-8852
89 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21971916
APN: 49-06-12-229-084.000-801
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