NOT LISTED FOR SALE

5228 Melrose Ave Indianapolis, IN 46241

Stout Field Neighborhood

Estimated Value: $70,000 - $107,990

2 Beds
1 Bath
816 Sq Ft
$103/Sq Ft Est. Value

Last Sold May 03, 2019

Last sale price $34,000 $42 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $583/month

354 Days on Market

Highlights

  • Traditional Architecture
  • Wood Frame Window
  • 1-Story Property
  • Ben Davis University High School Rated A
  • Breakfast Bar
  • Forced Air Heating and Cooling System

About This Home

As of May 2019

This Home is Being Sold only for Rental Purposes. Currently the seller receives $600 per month and tenant just started a year lease. Nice and Neat 2 Bedroom 1 Bath Home on a Quiet Friendly Street. This Home Features a Warm and Inviting Kitchen with Newer Cabinetry. The Large Fenced Back Yard is Great for Kids or Pets.

Last Agent to Sell the Property

Tamara Carroll

RE/MAX Centerstone License #RB14044190 Listed on: 03/17/2018

RE/MAX Centerstone

Last Buyer's Agent

Jessica Montalvo

RE/MAX Advanced Realty

RE/MAX Advanced Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $86

Year Built

  • Built in 1951

Lot Details

  • 4,835 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 816 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Window Screens
  • Combination Kitchen and Dining Room
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Electric Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Multiple Phone Lines

Community Details

  • Drexel Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491118113044000900

Home Details

Home Type

Single Family

Est. Annual Taxes

$86

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1951
  • Building Area Total: 816
  • Garage Y N: No
  • Lot Size Acres: 0.111
  • Subdivision Name: DREXEL GARDENS
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Electric Cooktop
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Screens Some, Windows Wood
  • Other Equipment: Multiple Phone Lines
  • Areas Interior: Laundry Room Main Level
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 816
  • Main Level Sq Ft: 816
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Breakfast Bar
  • Below Grade Sq Ft: 0
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • Exterior Features: Fence Full Rear
  • Foundation Details: Slab
  • List Price: 34900
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: None

Utilities

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

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491118113044000900
  • Acres: <1/4 Acre
  • Lot Number: 2
  • Lot Size: 4,835

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 86
  • Semi Annual Property Tax Amt: 43
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Wayne Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2021
Sold by
Rojas Diego
Bought by
Continental Brick Properties Llc
Current Estimated Value
$83,998

Purchase Details

Listed on
Mar 17, 2018
Closed on
May 2, 2019
Sold by
Northern Joyce K
Bought by
Rojas Diego
Seller's Agent
Tamara Carroll
RE/MAX Centerstone
Buyer's Agent
Jessica Montalvo
RE/MAX Advanced Realty
List Price
$41,900
Sold Price
$34,000
Premium/Discount to List
-$7,900
-18.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,900
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2007
Sold by
Cole Audrey L
Bought by
Northern Joyce K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,225
Interest Rate
6.22%
Mortgage Type
New Conventional
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
Continental Brick Properties Llc -- Investors Title
Rojas Diego $34,000 Chicago Title
Northern Joyce K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rojas Diego $28,900
Previous Owner Northern Joyce K $37,125
Previous Owner Northern Joyce K $24,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2019 05/03/19 Sold $34,000 -2.6% $42 / Sq Ft
03/07/2019 03/07/19 Pending -- -- --
12/10/2018 12/10/18 Price Changed $34,900 -5.4% $43 / Sq Ft
08/15/2018 08/15/18 Price Changed $36,900 -2.9% $45 / Sq Ft
06/25/2018 06/25/18 Price Changed $38,000 -2.6% $47 / Sq Ft
06/02/2018 06/02/18 Price Changed $39,000 -6.9% $48 / Sq Ft
05/16/2018 05/16/18 For Sale $41,900 0.0% $51 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
04/30/2018 04/30/18 Price Changed $41,900 -0.2% $51 / Sq Ft
03/17/2018 03/17/18 For Sale $42,000 -- $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 $1,548 $62,300 $4,600 $57,700
2023 $1,548 $62,900 $4,600 $58,300
2022 $1,427 $57,800 $4,600 $53,200
2021 $1,282 $45,000 $4,600 $40,400
2020 $1,062 $36,900 $4,600 $32,300
2019 $532 $12,400 $4,600 $7,800
2018 $103 $15,400 $4,600 $10,800
2017 $100 $15,200 $4,600 $10,600
2016 $147 $19,700 $4,600 $15,100
2014 $81 $20,300 $4,600 $15,700
2013 $74 $20,300 $4,600 $15,700
Source: Public Records

Agents Affiliated with this Home

  • Tamara Carroll

    Seller's Agent in 2019

    Tamara Carroll

    RE/MAX Centerstone

    (317) 445-5609

    196 Total Sales

    Tamara Carroll
    Section Image

  • J

    Buyer's Agent in 2019

    Jessica Montalvo

    RE/MAX

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21551967

MIBOR Broker Listing Cooperative®

APN: 49-11-18-113-044.000-900

Indiana Marion County Indianapolis 46241 Stout Field

5228 Melrose Ave, Indianapolis, IN

This home is located at 5228 Melrose Ave, Indianapolis, IN 46241 since 17 March 2018 and is currently estimated at $83,998, approximately $102 per square foot. This property was built in 1951. 5228 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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