NOT LISTED FOR SALE

4823 S State Ave Indianapolis, IN 46227

Edgewood Neighborhood

Estimated Value: $83,000 - $147,000

2 Beds
1 Bath
828 Sq Ft
$137/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $60,000 $72 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $636/month

2 Days on Market

Highlights

  • Mature Trees
  • Formal Dining Room
  • 2 Car Detached Garage
  • No HOA
  • Wood Frame Window
  • Shed

About This Home

As of November 2022

Great opportunity on the South Side! This home needs a complete remodel, to be made exactly how you want. Investors check it out! Sitting on 1/2 an acre in Indy, this one is just waiting to be flipped. All junk is being removed from property. Cash only offers due to property condition.

Last Agent to Sell the Property

Lenell Tate

Berkshire Hathaway Home Brokerage Email: lenellsells@gmail.com License #RB14038783 Listed on: 11/08/2022

Berkshire Hathaway Home

Co-Listed By

Tammie Lee Hall

Berkshire Hathaway Home Brokerage Email: lenellsells@gmail.com License #RB14038782

Last Buyer's Agent

Jeneene West

Jeneene West Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $120

Year Built

  • Built in 1935

Lot Details

  • 0.54 Acre Lot
  • Mature Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Aluminum Siding

Interior Spaces

  • 828 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Formal Dining Room
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed
  • Storage Shed

Utilities

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

Community Details

  • No Home Owners Association
  • Ellerslee Subdivision

Listing and Financial Details

  • Legal Lot and Block 35 / 2
  • Assessor Parcel Number 491506115043000500

Home Details

Home Type

Single Family

Est. Annual Taxes

$120

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1935
  • Building Area Total: 828
  • Co List Office Phone: 317-881-7900
  • Garage Y N: Yes
  • Lot Size Acres: 0.544
  • Subdivision Name: Ellerslee
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • MBR_AttributionContact: lenellsells@gmail.com
  • Attribution Contact: lenellsells@gmail.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None, Gas Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Windows Wood
  • Living Area: 828
  • Main Level Bedrooms: 2
  • Other Equipment: Not Applicable
  • Areas Interior: Laundry in Unit
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 828
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • Exterior Features: Storage Shed
  • Fencing: Partial
  • List Price: 78000

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, Gravel
  • Garage Sq Ft: 576

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 23697
  • Parcel Number: 491506115043000500
  • Acres: 1/2-1 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 120
  • Tax Block: 2
  • Tax Lot: 35
  • Semi Annual Property Tax Amt: 60
  • Tax Exemption: Homestead Tax Exemption,Mortage Tax Exemption,Other Tax Exemption/See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2024
Sold by
Gill Mary Ruth
Bought by
Rhine Jean E
Current Estimated Value
$113,390

Purchase Details

Closed on
Feb 20, 2024
Sold by
Gill Mary Ruth
Bought by
Rhine Jean E

Purchase Details

Listed on
Nov 8, 2022
Closed on
Dec 23, 2022
Sold by
Rhine Jean E
Bought by
Gill Mary Ruth
Seller's Agent
Lenell Tate
Berkshire Hathaway Home
Buyer's Agent
Jeneene West
Jeneene West Realty, LLC
List Price
$78,000
Sold Price
$60,000
Premium/Discount to List
-$18,000
-23.08%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.83%

Purchase Details

Listed on
Nov 8, 2022
Closed on
Dec 2, 2022
Sold by
Shaner Larry W
Bought by
Rhine Jean E
Seller's Agent
Lenell Tate
Berkshire Hathaway Home
Buyer's Agent
Jeneene West
Jeneene West Realty, LLC
List Price
$78,000
Sold Price
$60,000
Premium/Discount to List
-$18,000
-23.08%
Views
15

Purchase Details

Closed on
Jan 7, 2008
Sold by
Taylor David R and Unsupervised Estate Of Emma J
Bought by
Shaner Larry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,900
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
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
Rhine Jean E -- None Listed On Document
Rhine Jean E -- None Listed On Document
Gill Mary Ruth -- --
Rhine Jean E -- Ata National Title Group
Shaner Larry W -- Legacy Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shaner Larry W $64,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $60,000 -23.1% $72 / Sq Ft
11/11/2022 11/11/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $78,000 -- $94 / 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 $416 $60,500 $19,900 $40,600
2023 $1,765 $64,500 $19,900 $44,600
2022 $255 $78,500 $19,900 $58,600
2021 $119 $63,500 $19,900 $43,600
2020 $116 $58,300 $19,900 $38,400
2019 $113 $41,400 $9,300 $32,100
2018 $110 $39,000 $9,300 $29,700
2017 $107 $38,300 $9,300 $29,000
2016 $104 $37,800 $9,300 $28,500
2014 $59 $44,500 $9,300 $35,200
2013 $59 $44,500 $9,300 $35,200
Source: Public Records

Agents Affiliated with this Home

  • Lenell Tate

    Seller's Agent in 2022

    Lenell Tate

    Berkshire Hathaway Home

    (317) 840-2754

    4 in this area

    135 Total Sales

    Lenell Tate
    Section Image
  • Tammie Lee Hall

    Seller Co-Listing Agent in 2022

    Tammie Lee Hall

    Berkshire Hathaway Home

    (317) 627-7900

    3 in this area

    116 Total Sales

    Tammie Lee Hall
    Section Image

  • J

    Buyer's Agent in 2022

    Jeneene West

    Jeneene West Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21892558

MIBOR Broker Listing Cooperative®

APN: 49-15-06-115-043.000-500

Indiana Marion County Indianapolis 46227 Edgewood

4823 S State Ave, Indianapolis, IN

This home is located at 4823 S State Ave, Indianapolis, IN 46227 since 08 November 2022 and is currently estimated at $113,390, approximately $136 per square foot. This property was built in 1935. 4823 S State Ave is a home located in Marion County with nearby schools including Homecroft Elementary School, Southport 6th Grade Academy, and Southport 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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