NOT LISTED FOR SALE

4940 Melrose Ave Indianapolis, IN 46241

Stout Field Neighborhood

Estimated Value: $84,000 - $131,972

2 Beds
1 Bath
912 Sq Ft
$126/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $60,000 $66 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $709/month

13 Days on Market

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Eat-In Kitchen
  • Ben Davis University High School Rated A
  • Wood Frame Window
  • Woodwork

About This Home

As of October 2019

This charming 2 Bedroom ranch sets on 2 lots. The large back yard is fenced and great for children and pets. It features handicap accessibility with two ramps and widened doorways including the Bathroom. Updates in the last 5 years include: roof, furnace,hot water heater and paint. All the rooms are a nice size. The Sunroom is currently used for storage. It also has a 2 car carport. Schedule your showing today! Priced to sell!

Last Agent to Sell the Property

Tamara Allen

Carpenter, REALTORS® License #RB14044342 Listed on: 08/29/2019

Carpenter, REALTORS®

Last Buyer's Agent

Tamara Allen

Carpenter, REALTORS® License #RB14044342 Listed on: 08/29/2019

Carpenter, REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $742

Year Built

  • Built in 1940

Lot Details

  • 4,835 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 912 Sq Ft Home
  • Woodwork
  • Vinyl Clad Windows
  • Wood Frame Window
  • Window Screens
  • Crawl Space
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Electric Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Carport
  • Driveway

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Satellite Dish

Community Details

  • Drexel Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491118113135000900

Home Details

Home Type

Single Family

Est. Annual Taxes

$742

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1940
  • Garage Y N: No
  • Lot Size Acres: 0.111
  • Subdivision Name: DREXEL GARDENS
  • Inspection Warranties: Other
  • Property Description: This charming 2 Bedroom ranch sets on 2 lots. The large back yard is fenced and great for children and pets. It features handicap accessibility with two ramps and widened doorways including the Bathroom. Updates in the last 5 years include: roof, furnace,hot water heater and paint. All the rooms are a nice size. The Sunroom is currently used for storage. It also has a 2 car carport. Schedule your showing today! Priced to sell!
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Electric Oven
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Handicap Accessible Interior, Screens Some, Windows Vinyl, Windows Wood, Wood Work Painted
  • Living Area: 912
  • Other Equipment: Satellite Dish No Controls
  • Room Count: 5
  • Areas Interior: Laundry Room Main Level
  • Eating Area: Other Eating Area
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 912
  • Main Level Sq Ft: 912
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Handicap Accessible
  • Total Sq Ft: 912
  • Kitchen Features: Kitchen Eat In
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt, Fence Partial, Storage
  • Foundation Details: Crawl Space
  • List Price: 65000
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: Carport
  • Garage Sq Ft: 0

Utilities

  • Sewer: Sewer Connected
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491118113135000900
  • Acres: <1/4 Acre
  • Lot Information: Street Lights,Tree Mature
  • Lot Number: 439/440
  • Lot Size: 4,835

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 742
  • Semi Annual Property Tax Amt: 371
  • Tax Exemption: None

MLS Schools

  • School District: Wayne Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2019
Closed on
Nov 26, 2019
Sold by
Vega Alberto and Vega Jackson
Bought by
Jaskarn Judge
Seller's Agent
Tamara Allen
Carpenter, REALTORS®
Buyer's Agent
Tamara Allen
Carpenter, REALTORS®
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%
Current Estimated Value
$114,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,743
Avg. Annual Appreciation
10.71%

Purchase Details

Closed on
Mar 29, 2018
Sold by
Vega Alberto
Bought by
Vega Alberto and Vega Jojackson

Purchase Details

Listed on
Sep 26, 2017
Closed on
Nov 17, 2017
Sold by
Snider Steve
Bought by
Vega Alberto
Seller's Agent
Deborah Beck
Snyder Strategy Realty, Inc
Buyer's Agent
Tamara Allen
Carpenter, REALTORS®
List Price
$46,500
Sold Price
$36,000
Premium/Discount to List
-$10,500
-22.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.29%

Purchase Details

Closed on
Jan 20, 2009
Sold by
Fannie Mae
Bought by
Snider Steve

Purchase Details

Closed on
Nov 25, 2008
Sold by
Waites Thomas H and Waites Lisa M
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jaskarn Judge -- None Available
Vega Alberto -- None Available
Vega Alberto $36,000 --
Vega Alberto $36,000 First American Title
Vego Alberto $36,000 First American Title
Snider Steve -- None Available
Federal National Mortgage Association $57,570 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Judge Jaskarn $75,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $60,000 -7.7% $66 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $65,000 +80.6% $71 / Sq Ft
11/17/2017 11/17/17 Sold $36,000 -19.1% $39 / Sq Ft
10/17/2017 10/17/17 Price Changed $44,500 -4.3% $49 / Sq Ft
09/26/2017 09/26/17 For Sale $46,500 -- $51 / 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 $1,065 $88,600 $9,100 $79,500
2023 $1,065 $89,900 $9,100 $80,800
2022 $1,020 $82,800 $9,100 $73,700
2021 $759 $56,800 $9,100 $47,700
2020 $645 $47,200 $9,100 $38,100
2019 $409 $26,500 $9,100 $17,400
2018 $836 $31,300 $9,100 $22,200
2017 $714 $26,200 $4,600 $21,600
2016 $877 $33,200 $4,600 $28,600
2014 $686 $34,000 $4,600 $29,400
2013 $686 $34,000 $4,600 $29,400
Source: Public Records

Agents Affiliated with this Home

  • Tamara Allen

    Seller's Agent in 2019

    Tamara Allen

    Carpenter, REALTORS®

    (317) 625-1956

    12 Total Sales

    Tamara Allen
    Section Image
  • Deborah Beck

    Seller's Agent in 2017

    Deborah Beck

    Snyder Strategy Realty, Inc

    (317) 625-8288

    15 Total Sales

    Deborah Beck
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21665050

MIBOR Broker Listing Cooperative®

APN: 49-11-18-113-135.000-900

Indiana Marion County Indianapolis 46241 Stout Field

4940 Melrose Ave, Indianapolis, IN

This home is located at 4940 Melrose Ave, Indianapolis, IN 46241 since 29 August 2019 and is currently estimated at $114,743, approximately $125 per square foot. This property was built in 1940. 4940 Melrose Ave is a home located in Marion County with nearby schools including Maplewood 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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