NOT LISTED FOR SALE

5230 Melrose Ave Indianapolis, IN 46241

Stout Field Neighborhood

Estimated Value: $48,000 - $107,155

1 Bed
1 Bath
484 Sq Ft
$158/Sq Ft Est. Value

Last Sold January 18, 2019

Last sale price $40,900 $85 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $480/month

248 Days on Market

Highlights

  • Breakfast Room
  • 1-Story Property
  • Garage
  • Ben Davis University High School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of January 2019

Own a New Investment Property that Already Has a Tenant In Place. The Home has Newer Carpet and Vinyl. Bathroom has also been updated with a Walk In Shower and Pedestal Sink. Very Nice 3 Season Room. Bedroom #2 is small but DEFINITELY can fit a Day Bed. It also has 2 Closets and a Window. 1 Car Detached Garage has a lean to for additional parking. Garage also has a Separate Room for Workshop or Extra Storage. Great for Investment Purposes or First Time Home Buyers. Seller also Owns 5228 Melrose and it's also For Sale.

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

Ray Eldridge

Carpenter, REALTORS®

Carpenter, REALTORS®

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 4,704 Sq Ft Lot

Parking

  • Garage

Interior Spaces

  • 484 Sq Ft Home
  • 1-Story Property
  • Breakfast Room
  • Crawl Space
  • Electric Oven

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

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

Community Details

  • Drexel Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491118113027000900

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TradAmer
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1949
  • Garage Y N: Yes
  • Lot Size Acres: 0.108
  • Subdivision Name: DREXEL GARDENS
  • Inspection Warranties: Not Applicable
  • Property Description: Own a New Investment Property that Already Has a Tenant In Place. The Home has Newer Carpet and Vinyl. Bathroom has also been updated with a Walk In Shower and Pedestal Sink. Very Nice 3 Season Room. Bedroom #2 is small but DEFINITELY can fit a Day Bed. It also has 2 Closets and a Window. 1 Car Detached Garage has a lean to for additional parking. Garage also has a Separate Room for Workshop or Extra Storage. Great for Investment Purposes or First Time Home Buyers. Seller also Owns 5228 Melrose and it's also For Sale.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 484
  • Other Equipment: Not Applicable
  • Room Count: 5
  • Eating Area: Breakfast Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 484
  • Main Level Sq Ft: 484
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 484
  • Below Grade Sq Ft: 0
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • Foundation Details: Crawl Space
  • List Price: 40900
  • Association Maintained Building Exterior: 0

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491118113027000900
  • Acres: <1/4 Acre
  • Lot Number: 1
  • Lot Size: 4,704

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1066
  • Semi Annual Property Tax Amt: 533
  • Tax Exemption: None

MLS Schools

  • School District: Wayne Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2018
Closed on
Jan 18, 2019
Sold by
Northern Joyce Kay
Bought by
Wagner Colleen
Seller's Agent
Tamara Carroll
RE/MAX Centerstone
Buyer's Agent
Ray Eldridge
Carpenter, REALTORS®
List Price
$44,900
Sold Price
$40,900
Premium/Discount to List
-$4,000
-8.91%
Current Estimated Value
$76,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,389
Avg. Annual Appreciation
10.53%
Original Mortgage
$39,673
Outstanding Balance
$35,293
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$44,199

Purchase Details

Closed on
Sep 27, 2006
Sold by
Notheran Harlan W and Notheran Wanita Notheran
Bought by
Northern Joyce Kay
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
Wagner Colleen $40,900 First American Title Insurance
Northern Joyce Kay -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wagner Colleen $39,673
Previous Owner Northern Joyce Kay $41,850
Previous Owner Northern Joyce Kay $38,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2019 01/18/19 Sold $40,900 +6716.7% $85 / Sq Ft
11/21/2018 11/21/18 Pending -- -- --
11/02/2018 11/02/18 Rented $600 0.0% --
10/02/2018 10/02/18 For Rent $600 0.0% --
08/15/2018 08/15/18 Price Changed $40,900 -2.6% $85 / Sq Ft
06/25/2018 06/25/18 Price Changed $42,000 -2.3% $87 / Sq Ft
06/02/2018 06/02/18 Price Changed $43,000 -4.2% $89 / Sq Ft
05/16/2018 05/16/18 For Sale $44,900 0.0% $93 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
04/30/2018 04/30/18 Price Changed $44,900 -0.2% $93 / Sq Ft
03/20/2018 03/20/18 Price Changed $45,000 -4.3% $93 / Sq Ft
03/17/2018 03/17/18 For Sale $47,000 -- $97 / 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 $805 $73,600 $4,400 $69,200
2023 $805 $74,400 $4,400 $70,000
2022 $791 $68,200 $4,400 $63,800
2021 $590 $41,400 $4,400 $37,000
2020 $500 $33,800 $4,400 $29,400
2019 $514 $35,200 $4,400 $30,800
2018 $1,033 $39,200 $4,400 $34,800
2017 $1,025 $39,000 $4,400 $34,600
2016 $1,171 $45,300 $4,400 $40,900
2014 $916 $45,700 $4,400 $41,300
2013 $916 $45,700 $4,400 $41,300
Source: Public Records

Agents Affiliated with this Home

  • Tamara Carroll

    Seller's Agent in 2019

    Tamara Carroll

    RE/MAX Centerstone

    (317) 445-5609

    198 Total Sales

    Tamara Carroll
    Section Image

  • R

    Buyer's Agent in 2019

    Ray Eldridge

    Carpenter, REALTORS®

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21551969

MIBOR Broker Listing Cooperative®

APN: 49-11-18-113-027.000-900

Indiana Marion County Indianapolis 46241 Stout Field

5230 Melrose Ave, Indianapolis, IN

This home is located at 5230 Melrose Ave, Indianapolis, IN 46241 since 17 March 2018 and is currently estimated at $76,289, approximately $157 per square foot. This property was built in 1949. 5230 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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