NOT LISTED FOR SALE

5042 W Morris St Indianapolis, IN 46241

Stout Field Neighborhood

Estimated Value: $228,000 - $318,000

4 Beds
2 Baths
1,700 Sq Ft
$167/Sq Ft Est. Value

Last Sold June 20, 2024

Last sale price $295,000 $174 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,927/month

7 Days on Market

Highlights

  • 2.21 Acre Lot
  • Mature Trees
  • Wood Flooring
  • Ben Davis University High School Rated A
  • Traditional Architecture
  • Pole Barn

About This Home

As of June 2024

2 fenced Acres inside the 465 loop?? Yes! This actually exists! An incredibly rare opportunity to live in Indianapolis, and yet have the privacy and rural lifestyle with 2 acres of land surrounded by mature trees. Out back you will find a massive 3-car garage with extra high ceilings. There is even a horse barn attached to the back with stalls! The previous owner had horses and created pastures in the backyard. The house itself is a brick-built beauty that has been renovated from top to bottom. Featuring new hardwood floors throughout, 4 spacious bedrooms, and raised ceilings. Wayne Township schools!

Last Agent to Sell the Property

Travis Carpenter

Indiana Ford Realty LLC Brokerage Email: Travis@CarpHomes.net License #RB22001832 Listed on: 05/25/2024

Indiana Ford Realty LLC

Co-Listed By

Matthew Ford

Indiana Ford Realty LLC Brokerage Email: Travis@CarpHomes.net License #RB22002002

Last Buyer's Agent

Jeremy Sandlin

F.C. Tucker Company License #RB14034603

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,540

Year Built

  • Built in 1918 | Remodeled

Lot Details

  • 2.21 Acre Lot
  • Mature Trees
  • Wooded Lot

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Paddle Fans
  • Vinyl Clad Windows
  • Window Screens
  • Family or Dining Combination
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Gas Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Covered patio or porch
  • Fire Pit
  • Pole Barn
  • Shed
  • Storage Shed

Schools

  • Maplewood Elementary School
  • Ben Davis High School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 491107105035000930

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,540

Year Built

Built in 1918 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1918
  • Building Area Total: 2274
  • Co List Office Phone: 317-572-7036
  • Garage Y N: Yes
  • Lot Size Acres: 2.21
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Website: www.matlockgroup.net
  • Accessibility Features YN: No
  • MBR_AttributionContact: Travis@CarpHomes.net
  • Attribution Contact: Travis@CarpHomes.net
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Gas Oven
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Paddle Fan, Hardwood Floors, Screens Complete, Windows Vinyl
  • Living Area: 1700
  • Main Level Bedrooms: 2
  • Eating Area: Dining Combo/Family Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1148
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 552
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Barn Mini, Barn Pole, Outdoor Fire Pit, Storage Shed
  • Fencing: Fence Full Rear
  • Foundation Details: Block
  • List Price: 299900
  • Patio And Porch Features: Covered Patio, Covered Porch
  • Property Condition: Updated/Remodeled
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Detached, Gravel, Garage Door Opener
  • Garage Sq Ft: 0

Utilities

  • Utilities: Electricity Connected, Gas, Water Connected
  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Mature Trees, Wooded
  • Property Attached Yn: No
  • Horse Amenities: Barn, Pasture, Stable(s)
  • Lot Size Sq Ft: 96137
  • Parcel Number: 491107105035000930
  • Acres: 1-3 Acres
  • Price Acre: 133484

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3540
  • Tax Lot: 7
  • Semi Annual Property Tax Amt: 1770
  • Tax Exemption: Homestead Tax Exemption

MLS Schools

  • Elementary School: Maplewood Elementary School
  • High School: Ben Davis High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2024
Closed on
Jun 17, 2024
Sold by
Carphomes Llc and L & M Premier Properties Llc
Bought by
Montes Jairo and Montes Zuleima
Seller's Agent
Travis Carpenter
Indiana Ford Realty LLC
Buyer's Agent
Jeremy Sandlin
F.C. Tucker Company
List Price
$299,900
Sold Price
$295,000
Premium/Discount to List
-$4,900
-1.63%
Views
45
Current Estimated Value
$284,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,401
Avg. Annual Appreciation
-3.24%

Purchase Details

Closed on
Mar 13, 2024
Sold by
Property Group Llc Corporation
Bought by
Carphomes Llc and L & M Premier Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2024
Sold by
Kent Lori S
Bought by
Grise Home & Prop Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.64%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Montes Jairo $295,000 Eagle Land Title
Carphomes Llc $155,000 None Listed On Document
Grise Home & Prop Group Llc $100,000 Eagle Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carphomes Llc $100,000
Previous Owner Kent Darrell J $24,000
Previous Owner Kent Darrell J $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2024 06/20/24 Sold $295,000 -1.6% $174 / Sq Ft
06/02/2024 06/02/24 Pending -- -- --
05/25/2024 05/25/24 For Sale $299,900 -- $176 / 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 $4,199 $247,200 $36,700 $210,500
2023 $4,199 $239,500 $36,700 $202,800
2022 $4,226 $231,700 $36,700 $195,000
2021 $1,944 $119,200 $36,700 $82,500
2020 $1,975 $119,200 $36,700 $82,500
2019 $1,880 $110,100 $36,700 $73,400
2018 $1,871 $107,100 $36,700 $70,400
2017 $1,832 $105,900 $36,700 $69,200
2016 $1,810 $104,400 $36,700 $67,700
2014 $1,109 $101,700 $36,700 $65,000
2013 $1,184 $109,000 $36,700 $72,300
Source: Public Records

Agents Affiliated with this Home

  • Travis Carpenter

    Seller's Agent in 2024

    Travis Carpenter

    Indiana Ford Realty LLC

    (317) 970-0931

    1 in this area

    145 Total Sales

    Travis Carpenter
    Section Image
  • Matthew Ford

    Seller Co-Listing Agent in 2024

    Matthew Ford

    Indiana Ford Realty LLC

    (317) 572-7036

    1 in this area

    12 Total Sales

    Matthew Ford
    Section Image
  • Jeremy Sandlin

    Buyer's Agent in 2024

    Jeremy Sandlin

    F.C. Tucker Company

    (317) 441-4675

    1 in this area

    407 Total Sales

    Jeremy Sandlin
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21981231

MIBOR Broker Listing Cooperative®

APN: 49-11-07-105-035.000-930

Indiana Marion County Indianapolis 46241 Stout Field

5042 W Morris St, Indianapolis, IN

This home is located at 5042 W Morris St, Indianapolis, IN 46241 since 25 May 2024 and is currently estimated at $284,599, approximately $167 per square foot. This property was built in 1918. 5042 W Morris St 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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