502 N Drexel Ave Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated Value: $198,000 - $256,000
3
Beds
1.5
Baths
1,768
Sq Ft
$125/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Wood Flooring
- No HOA
- Vaulted Ceiling
- Corner Lot
- Covered patio or porch
About This Home
As of May 2024Don't miss this Emerson Heights Craftsman that is functional, updated, and has plenty of its original charm. This 3 bed, 1.5 bath home has been updated in all the right places. A one-car garage was added in 2018, and the property has a French drain system around the whole exterior. The carpet was updated in 2020, and the upstairs bath got multiple updates in 2019 and 2023. There is ample storage in the basement along with the opportunity of usable space that could be finished or not, depending on your needs. Conveniently located near Irvington, interstate, and a quick drive downtown.
Last Agent to Sell the Property
@properties Brokerage Email: leslie@atpropertiesind.com License #RB20000429 Listed on: 01/05/2024
Last Buyer's Agent
Justin Wade
Keller Williams Indy Metro NE
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,802
Year Built
- Built in 1920
Lot Details
- 5,009 Sq Ft Lot
- Corner Lot
Parking
- 1 Car Detached Garage
Home Design
- Craftsman Architecture
- Traditional Architecture
- Block Foundation
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Built-in Bookshelves
- Vaulted Ceiling
- Paddle Fans
- Fireplace Features Masonry
- Living Room with Fireplace
- Formal Dining Room
- Wood Flooring
Kitchen
- Electric Oven
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Basement Lookout
Outdoor Features
- Covered patio or porch
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Water Heater
Community Details
- No Home Owners Association
- Emerson Heights Subdivision
Listing and Financial Details
- Tax Lot 26
- Assessor Parcel Number 491004140004000101
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 5, 2024
Closed on
Jun 5, 2024
Sold by
Schlegel Emily M
Bought by
Harris Shannon and Harris Darryl
Seller's Agent
Leslie Gardner
@properties
Buyer's Agent
Justin Wade
Keller Williams Indy Metro NE
List Price
$199,000
Sold Price
$200,000
Premium/Discount to List
$1,000
0.5%
Total Days on Market
90
Views
35
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
$21,082
Avg. Annual Appreciation
9.82%
Original Mortgage
$192,000
Outstanding Balance
$190,452
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$30,630
Purchase Details
Listed on
Oct 28, 2016
Closed on
Mar 15, 2017
Bought by
Schlegel Jacob L and Schlegel Emily M
Seller's Agent
William Wagnon
Buyer's Agent
David Morris
eXp Realty, LLC
List Price
$85,000
Sold Price
$72,500
Premium/Discount to List
-$12,500
-14.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.25%
Original Mortgage
$68,850
Interest Rate
4.15%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 28, 2016
Closed on
Mar 14, 2017
Sold by
I & D Investments Inc
Bought by
Schlegel Jacob L and Schlegel Emily M
Seller's Agent
William Wagnon
Buyer's Agent
David Morris
eXp Realty, LLC
List Price
$85,000
Sold Price
$72,500
Premium/Discount to List
-$12,500
-14.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,850
Interest Rate
4.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 12, 2013
Sold by
Trinity Property Developments Llc
Bought by
I D Investment Group Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,100
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 1, 2013
Sold by
Moore Member Eric
Bought by
Pres Ivan Oberon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,100
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 30, 2013
Sold by
Strahan Member Kathy
Bought by
Moore Member Eric
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,100
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 22, 2009
Sold by
Go Invest Wisely Llc
Bought by
Chs Properties Llc
Purchase Details
Closed on
Apr 30, 2008
Sold by
Blue Spruce Entities Llc
Bought by
Go Invest Wisely Llc
Purchase Details
Closed on
Apr 29, 2008
Sold by
American Home Mortgage Servicing Inc
Bought by
Blue Spruce Entities Llc
Purchase Details
Closed on
Nov 28, 2007
Sold by
Holland Christopher T and Holland Christopher
Bought by
American Home Mortgage Servicing Llc
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 |
|---|---|---|---|
| Harris Shannon | $200,000 | -- | |
| Schlegel Jacob L | $72,500 | -- | |
| Schlegel Jacob L | -- | First American Title | |
| I D Investment Group Inc | -- | -- | |
| Trinity Property Developments Llc | -- | -- | |
| Pres Ivan Oberon | $25,000 | -- | |
| Moore Member Eric | $18,000 | -- | |
| Chs Properties Llc | -- | None Available | |
| Go Invest Wisely Llc | $5,500 | None Available | |
| Blue Spruce Entities Llc | -- | None Available | |
| American Home Mortgage Servicing Llc | $32,067 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Harris Shannon | $192,000 | |
| Previous Owner | Schlegel Jacob L | $364,000 | |
| Previous Owner | Schlegel Emily M | $67,950 | |
| Previous Owner | Schlegel Jacob L | $68,850 | |
| Previous Owner | I D Investment Group Inc | $63,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/06/2024 05/06/24 | Sold | $200,000 | +0.5% | $113 / Sq Ft |
| 04/05/2024 04/05/24 | Pending | -- | -- | -- |
| 03/27/2024 03/27/24 | For Sale | $199,000 | -0.5% | $113 / Sq Ft |
| 02/09/2024 02/09/24 | Off Market | $200,000 | -- | -- |
| 01/10/2024 01/10/24 | Pending | -- | -- | -- |
| 01/05/2024 01/05/24 | For Sale | $199,000 | +174.5% | $113 / Sq Ft |
| 03/15/2017 03/15/17 | Sold | $72,500 | 0.0% | $28 / Sq Ft |
| 01/19/2017 01/19/17 | Off Market | $72,500 | -- | -- |
| 10/28/2016 10/28/16 | For Sale | $85,000 | -- | $33 / 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 | $1,693 | $148,000 | $13,700 | $134,300 |
| 2023 | $1,693 | $146,400 | $13,700 | $132,700 |
| 2022 | $1,803 | $148,200 | $13,700 | $134,500 |
| 2021 | $1,413 | $119,900 | $13,700 | $106,200 |
| 2020 | $1,187 | $108,300 | $2,800 | $105,500 |
| 2019 | $995 | $97,400 | $2,800 | $94,600 |
| 2018 | $569 | $73,800 | $2,800 | $71,000 |
| 2017 | $463 | $67,300 | $2,800 | $64,500 |
| 2016 | $1,407 | $64,100 | $2,800 | $61,300 |
| 2014 | $1,384 | $64,000 | $2,800 | $61,200 |
| 2013 | $1,546 | $65,600 | $2,800 | $62,800 |
Source: Public Records
Agents Affiliated with this Home
-
Leslie Gardner
Seller's Agent in 2024
Leslie Gardner
@properties
(812) 306-6561
14 in this area
108 Total Sales
-
Buyer's Agent in 2024
Justin Wade
Keller Williams Indy Metro NE
(317) 358-7049
7 in this area
116 Total Sales
-
Justice Escue
Buyer Co-Listing Agent in 2024
Justice Escue
United Real Estate Indpls
(463) 217-8186
1 in this area
1 Total Sale
-
W
Seller's Agent in 2017
William Wagnon
-
Buyer's Agent in 2017
David Morris
eXp Realty, LLC
(317) 289-3338
24 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21957398
APN: 49-10-04-140-004.000-101
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