NOT LISTED FOR SALE

481 S Somerset Ave Indianapolis, IN 46241

West Indianapolis Neighborhood

Estimated Value: $96,000 - $153,013

2 Beds
1 Bath
810 Sq Ft
$162/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $125,000 $154 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $886/month

105 Days on Market

Highlights

  • Mature Trees
  • Deck
  • No HOA
  • Ben Davis University High School Rated A
  • Ranch Style House
  • 2 Car Detached Garage

About This Home

As of May 2023

2 bedroom, 1 bathroom bungalow with two-car detached garage in Wayne Township is ready for its new owner! Recent updates include luxury vinyl plank flooring throughout, HVAC, water heater, stove, washer and dryer and leaf guard gutters. Arched doorways and original built-ins lend to the charm of this cozy ranch. Spread out in the full basement, fenced-in yard or the large deck in front. Quick commute to downtown, Plainfield and the airport! Basement has new interior drain tile system w/ lifetime warranty, new sump pump, & mold remediation done by Michaelis Corp.

Last Agent to Sell the Property

Eric Forney

Keller Williams Indy Metro S License #RB14051770 Listed on: 12/22/2022

Keller Williams Indy Metro S

Co-Listed By

Stephanie Cotton

Keller Williams Indy Metro S License #RB17001519

Last Buyer's Agent

Lacey Ogan

Trueblood Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,754

Year Built

  • Built in 1948

Lot Details

  • 7,492 Sq Ft Lot
  • Mature Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • Built-in Bookshelves
  • Woodwork
  • Paddle Fans
  • Vinyl Clad Windows
  • Combination Kitchen and Dining Room
  • Vinyl Plank Flooring
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Sump Pump
  • Laundry in Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Deck
  • Suburban Location

Community Details

  • No Home Owners Association
  • Alexander Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 71 / 1
  • Assessor Parcel Number 491108136005000930

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,754

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1948
  • Building Area Total: 1440
  • Co List Office Phone: 317-271-5959
  • Garage Y N: Yes
  • Lot Size Acres: 0.172
  • Subdivision Name: Alexander Heights
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: sold@forneygroup.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished, Sump Pump
  • Appliances: Dishwasher, Dryer, Electric Oven, Range Hood, Refrigerator, Washer, Gas Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 90
  • Interior Amenities: Attic Access, Built In Book Shelves, Walk-in Closet(s), Windows Vinyl, Wood Work Painted, Paddle Fan, Eat-in Kitchen, Hi-Speed Internet Availbl
  • Living Area: 810
  • Main Level Bedrooms: 2
  • Other Equipment: Smoke Alarm
  • Areas Interior: Bedroom Other on Main
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 720
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 1

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Fencing: Fence Full Rear
  • Foundation Details: Block
  • List Price: 130000
  • Patio And Porch Features: Deck Main Level

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, Gravel
  • Fuel: No Fuel Source
  • Garage Parking Other: Service Door
  • Garage Sq Ft: 440

Utilities

  • Utilities: Cable Available, Gas
  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Laundry Features: In Basement
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Suburb, Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 7492
  • Parcel Number: 491108136005000930
  • Acres: <1/4 Acre
  • Price Acre: 726744.186046512

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1754
  • Tax Block: 1
  • Tax Lot: 71
  • Semi Annual Property Tax Amt: 877
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2022
Closed on
May 8, 2023
Sold by
Knox John C and Knox Jill C
Bought by
Alte Donna L
Seller's Agent
Eric Forney
Keller Williams Indy Metro S
Buyer's Agent
Lacey Ogan
Trueblood Real Estate
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%
Views
160
Current Estimated Value
$131,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,503
Avg. Annual Appreciation
2.10%
Original Mortgage
$118,750
Outstanding Balance
$115,406
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$16,097

Purchase Details

Closed on
Oct 24, 2007
Sold by
Dorothy L Berg Trust
Bought by
Knox John C and Knox Jill C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,800
Interest Rate
6.38%
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
Alte Donna L $125,000 Chicago Title
Knox John C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alte Donna L $118,750
Previous Owner Knox John C $46,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2023 05/05/23 Sold $125,000 -3.8% $154 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
04/03/2023 04/03/23 For Sale $130,000 0.0% $160 / Sq Ft
03/18/2023 03/18/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $130,000 0.0% $160 / Sq Ft
03/13/2023 03/13/23 For Sale $130,000 +4.0% $160 / Sq Ft
02/09/2023 02/09/23 Off Market $125,000 -- --
01/30/2023 01/30/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $125,000 0.0% $154 / Sq Ft
12/28/2022 12/28/22 Pending -- -- --
12/22/2022 12/22/22 For Sale $125,000 -- $154 / 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 $2,270 $119,100 $7,100 $112,000
2023 $2,270 $86,200 $7,100 $79,100
2022 $2,201 $82,600 $7,100 $75,500
2021 $1,915 $65,000 $7,100 $57,900
2020 $1,628 $54,300 $7,100 $47,200
2019 $1,548 $50,600 $7,100 $43,500
2018 $1,488 $51,800 $7,100 $44,700
2017 $1,596 $56,100 $7,100 $49,000
2016 $1,598 $56,100 $7,100 $49,000
2014 $1,086 $54,300 $7,100 $47,200
2013 $1,062 $53,100 $7,100 $46,000
Source: Public Records

Agents Affiliated with this Home

  • Eric Forney

    Seller's Agent in 2023

    Eric Forney

    Keller Williams Indy Metro S

    (317) 537-0029

    4 in this area

    1,077 Total Sales

    Eric Forney
    Section Image
  • Stephanie Cotton

    Seller Co-Listing Agent in 2023

    Stephanie Cotton

    Keller Williams Indy Metro S

    (317) 403-5340

    2 in this area

    44 Total Sales

    Stephanie Cotton
    Section Image

  • L

    Buyer's Agent in 2023

    Lacey Ogan

    Trueblood Real Estate

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21896951

MIBOR Broker Listing Cooperative®

APN: 49-11-08-136-005.000-930

Indiana Marion County Indianapolis 46241 West Indianapolis

481 S Somerset Ave, Indianapolis, IN

This home is located at 481 S Somerset Ave, Indianapolis, IN 46241 since 22 December 2022 and is currently estimated at $131,503, approximately $162 per square foot. This property was built in 1948. 481 S Somerset Ave is a home located in Marion County with nearby schools including Stout Field Elementary School, Lynhurst 7th & 8th Grade Center, and Ben Davis University High 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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