NOT LISTED FOR SALE

5042 Melrose Ave Indianapolis, IN 46241

Stout Field Neighborhood

Estimated Value: $147,000 - $174,429

3 Beds
1 Bath
1,152 Sq Ft
$141/Sq Ft Est. Value

Last Sold August 27, 2020

Last sale price $109,000 $95 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $992/month

1 Day on Market

Highlights

  • Mature Trees
  • Traditional Architecture
  • Eat-In Kitchen
  • Ben Davis University High School Rated A
  • Covered Patio or Porch
  • Woodwork

About This Home

As of August 2020

Check out this adorable three-bedroom home with a new roof and gutters on a fully-fenced double lot in Wayne Township! Look inside to find the open concept living room/eat-in kitchen, three bedrooms, an updated bathroom, and a separate laundry room. Cosmetic and general updates and repairs have been done to this clean, well-maintained home that is convenient to I-70 and I-465.

Last Agent to Sell the Property

Loujeania Washburne

Your Realty Link, LLC License #RB14052435 Listed on: 07/05/2020

Co-Listed By

Lisa Hicks

Your Realty Link, LLC

Last Buyer's Agent

Paul Miller

Innovative Home Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $250

Year Built

  • Built in 1940

Lot Details

  • 4,835 Sq Ft Lot
  • Property is Fully Fenced
  • Mature Trees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Vinyl Clad Windows
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Community Details

  • Drexel Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491118113151000900

Home Details

Home Type

Single Family

Est. Annual Taxes

$250

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1940
  • Co List Office Phone: 317-567-1410
  • Garage Y N: No
  • Lot Size Acres: 0.111
  • Subdivision Name: DREXEL GARDENS
  • Inspection Warranties: Not Applicable
  • Property Description: Check out this adorable three-bedroom home with a new roof and gutters on a fully-fenced double lot in Wayne Township! Look inside to find the open concept living room/eat-in kitchen, three bedrooms, an updated bathroom, and a separate laundry room. Cosmetic and general updates and repairs have been done to this clean, well-maintained home that is convenient to I-70 and I-465.
  • Transaction Type: Sale
  • Website: IndyPropertyChicks.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Electric Oven, Range Hood, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access, Windows Vinyl, Wood Work Painted
  • Living Area: 1152
  • Other Equipment: Smoke Detector
  • Room Count: 7
  • Areas Interior: Living Room Formal,Laundry Room Main Level
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1152
  • Main Level Sq Ft: 1152
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1152
  • Kitchen Features: Kitchen Eat In
  • Below Grade Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt, Fence Complete
  • Foundation Details: Crawl Space
  • List Price: 109000
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: None

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Gas Connected
  • Water Heater: Electric

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491118113151000900
  • Acres: <1/4 Acre
  • Lot Information: Tree Mature
  • Lot Number: 425
  • Lot Size: 4,835

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 250
  • Semi Annual Property Tax Amt: 125
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Wayne Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2020
Closed on
Aug 27, 2020
Sold by
Davidson Rebecca K and Davidson Robert G
Bought by
Diaz Leslie M
Seller's Agent
Loujeania Washburne
Your Realty Link, LLC
Buyer's Agent
Paul Miller
Innovative Home Realty
List Price
$109,000
Sold Price
$109,000
Current Estimated Value
$162,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,357
Avg. Annual Appreciation
7.92%
Original Mortgage
$107,025
Outstanding Balance
$96,050
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$64,130

Purchase Details

Listed on
Mar 12, 2016
Closed on
May 15, 2017
Sold by
Perez Flavio
Bought by
Davidson Rebecca G and Davidson Patricia A
Seller's Agent
Maria Tapia
eXp Realty, LLC
Buyer's Agent
Marie Washburne
Your Realty Link, LLC
List Price
$67,000
Sold Price
$67,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.94%
Original Mortgage
$55,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 17, 2011
Closed on
Feb 6, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Perez Flavio
Seller's Agent
Jenni Ruiz
J S Ruiz Realty, Inc.
Buyer's Agent
Maria Tapia
eXp Realty, LLC
List Price
$10,500
Sold Price
$10,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.14%

Purchase Details

Closed on
Apr 20, 2007
Sold by
The Rental Peoples Inc
Bought by
Summers Kenneth and Summers Nova

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.2%
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
Diaz Leslie M $109,000 First American Title Insurance
Davidson Rebecca G $67,000 --
Davidson Rebecca K $67,000 Chicago Title
Perez Flavio -- Statewide Title Company Inc
Summers Kenneth -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Leslie M $107,025
Previous Owner Davidson Rebecca K $55,000
Previous Owner Summers Kenneth $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2020 08/27/20 Sold $109,000 0.0% $95 / Sq Ft
07/07/2020 07/07/20 Pending -- -- --
07/05/2020 07/05/20 For Sale $109,000 +62.7% $95 / Sq Ft
05/15/2017 05/15/17 Sold $67,000 0.0% $58 / Sq Ft
04/12/2017 04/12/17 For Sale $67,000 0.0% $58 / Sq Ft
04/12/2017 04/12/17 Off Market $67,000 -- --
03/30/2017 03/30/17 For Sale $67,000 0.0% $58 / Sq Ft
02/13/2017 02/13/17 Off Market $67,000 -- --
01/18/2017 01/18/17 Price Changed $67,000 -10.7% $58 / Sq Ft
08/30/2016 08/30/16 Price Changed $75,000 0.0% $65 / Sq Ft
08/30/2016 08/30/16 For Sale $75,000 +11.9% $65 / Sq Ft
08/15/2016 08/15/16 Off Market $67,000 -- --
03/12/2016 03/12/16 For Sale $77,900 +641.9% $68 / Sq Ft
02/06/2012 02/06/12 Sold $10,500 0.0% $9 / Sq Ft
01/13/2012 01/13/12 Pending -- -- --
11/17/2011 11/17/11 For Sale $10,500 -- $9 / 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 $1,529 $124,600 $4,600 $120,000
2023 $1,529 $125,900 $4,600 $121,300
2022 $1,444 $115,200 $4,600 $110,600
2021 $1,114 $85,600 $4,600 $81,000
2020 $252 $25,100 $4,600 $20,500
2019 $250 $25,100 $4,600 $20,500
2018 $261 $27,700 $4,600 $23,100
2017 $257 $27,400 $4,600 $22,800
2016 $820 $31,100 $4,600 $26,500
2014 $636 $31,800 $4,600 $27,200
2013 $636 $31,800 $4,600 $27,200
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Loujeania Washburne

    Your Realty Link, LLC

    (317) 426-0202

    22 Total Sales

    Loujeania Washburne
    Section Image

  • L

    Seller Co-Listing Agent in 2020

    Lisa Hicks

    Your Realty Link, LLC

    Section Image

  • P

    Buyer's Agent in 2020

    Paul Miller

    Innovative Home Realty

    Section Image

  • M

    Seller's Agent in 2017

    Maria Tapia

    eXp Realty, LLC

    Section Image

  • M

    Buyer's Agent in 2017

    Marie Washburne

    Your Realty Link, LLC

    Section Image
  • Jenni Ruiz

    Seller's Agent in 2012

    Jenni Ruiz

    J S Ruiz Realty, Inc.

    (317) 466-0152

    301 Total Sales

    Jenni Ruiz
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21722972

MIBOR Broker Listing Cooperative®

APN: 49-11-18-113-151.000-900

Indiana Marion County Indianapolis 46241 Stout Field

5042 Melrose Ave, Indianapolis, IN

This home is located at 5042 Melrose Ave, Indianapolis, IN 46241 since 05 July 2020 and is currently estimated at $162,357, approximately $140 per square foot. This property was built in 1940. 5042 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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