NOT LISTED FOR SALE

5223 W 16th St Indianapolis, IN 46224

Estimated Value: $366,000 - $428,000

4 Beds
5.5 Baths
2,720 Sq Ft
$151/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $259,000 $95 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,614/month

Highlights

  • Separate Formal Living Room
  • Forced Air Heating and Cooling System
  • Gas Log Fireplace
  • Speedway Junior High School Rated A
  • Garage

About This Home

As of May 2017

Wonderful Old Speedway home! This was, previous to this owner, one of the two B&B's located in the OLD SPEEDWAY CITY neighborhood. With 4 Bedrooms and 4 Baths in the Main House and another Bedroom and Bath in the Guest House, this home has lots and lots of space. Charming Wrap-around Porch goes around front and side then expands to a back porch deck! Double lot with white picket fence in the front. Sorry folks, this home was sold before it ever made it to the market!!

Last Agent to Sell the Property

Lori Choate

CHOATE REALTY & Consulting License #RB14032289 Listed on: 03/21/2017

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,492

Year Built

  • Built in 1945

Lot Details

  • 0.32 Acre Lot

Parking

  • Garage

Home Design

  • Concrete Perimeter Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Separate Formal Living Room
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • Speedway City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490631123028000914

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,492

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Two Story
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1945
  • Garage Y N: Yes
  • Lot Size Acres: 0.32
  • Subdivision Name: SPEEDWAY CITY
  • Inspection Warranties: Not Applicable
  • Property Description: Wonderful Old Speedway home! This was, previous to this owner, one of the two B&B's located in the OLD SPEEDWAY CITY neighborhood. With 4 Bedrooms and 4 Baths in the Main House and another Bedroom and Bath in the Guest House, this home has lots and lots of space. Charming Wrap-around Porch goes around front and side then expands to a back porch deck! Double lot with white picket fence in the front. Sorry folks, this home was sold before it ever made it to the market!!
  • Transaction Type: Sale
  • Website: www.HomesForSaleIndiana.com
  • F H A Certified: 1
  • Website: www.BuyIndyHouses.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Finished
  • Appliances: Dishwasher,Disposal,Microwave,MicroHood,Electric Oven
  • Levels: Two
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Built In Book Shelves,Walk-in Closet(s),Windows Thermal,Wood Work Painted
  • Living Area: 2720
  • Other Equipment: Smoke Detector,Water-Softener Owned
  • Room Count: 10
  • Areas Interior: Living Room Formal
  • Eating Area: Breakfast Room,Formal Dining Room,Pantry
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1824
  • Main Level Sq Ft: 896
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Master Bedroom Description: Closet Walk in,Suite,Tub Full with Separate Shower,Tub Garden,Tub Whirlpool
  • Total Sq Ft: 2720
  • Below Grade Sq Ft: 896
  • Upper Level Sq Ft: 928
  • Pct Optional Level Finished: 75+%
  • Optional Level Below Grade: Basement

Exterior Features

  • Construction Materials: Vinyl With Stone
  • Disclosures: Not Applicable
  • Exterior Features: Barn Mini,Driveway Concrete
  • Foundation Details: Concrete Perimeter
  • List Price: 260000
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch,Wrap Around Porch

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 2 Car Detached

Utilities

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

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490631123028000914
  • Acres: 1/4-1/2 Acre
  • Lot Information: Sidewalks,Tree Mature
  • Lot Number: 569 &570
  • Lot Size: 80 x 175

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 2492
  • Semi Annual Property Tax Amt: 1246
  • Tax Exemption: HomesteadTaxExemption
  • Multiple Tax I D: 9002891

MLS Schools

  • School District: Speedway
  • Schools: Carl G Fisher Elementary,Speedway High,Speedway Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2017
Closed on
May 31, 2017
Sold by
Leon E
Bought by
Christine A
Seller's Agent
Lori Choate
CHOATE REALTY & Consulting
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$260,000
Sold Price
$259,000
Premium/Discount to List
-$1,000
-0.38%
Current Estimated Value
$411,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,266
Avg. Annual Appreciation
5.64%
Original Mortgage
$246,050
Outstanding Balance
$204,662
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$203,652

Purchase Details

Closed on
Nov 4, 2015
Sold by
England Leon E and England Carolyn S
Bought by
England Revoc Leon E and England Revoc Carolyn S

Purchase Details

Closed on
Nov 21, 2005
Sold by
Peters Robert S and Peters Heather R
Bought by
England Leon E and England Carolyn S
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
Christine A $259,000 --
Warnock Jon W $259,000 Abstract & Title
England Revoc Leon E -- None Available
England Leon E -- Mid America Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warnock Jon W $50,000
Open Warnock Jon W $246,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $259,000 -0.4% $95 / Sq Ft
03/21/2017 03/21/17 Pending -- -- --
03/21/2017 03/21/17 For Sale $260,000 -- $96 / 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 $5,078 $398,100 $31,000 $367,100
2023 $5,078 $396,600 $31,000 $365,600
2022 $5,080 $389,000 $31,000 $358,000
2021 $3,744 $289,200 $31,000 $258,200
2020 $3,428 $268,600 $31,000 $237,600
2019 $3,302 $259,000 $31,000 $228,000
2018 $3,157 $246,400 $31,000 $215,400
2017 $2,712 $214,500 $31,000 $183,500
2016 $4,939 $198,200 $31,000 $167,200
2014 $2,530 $204,000 $31,000 $173,000
2013 $2,426 $195,400 $31,000 $164,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21493320

MIBOR Broker Listing Cooperative®

APN: 49-06-31-123-028.000-914