NOT LISTED FOR SALE

524 N Somerset Ave Indianapolis, IN 46222

Fairfax Neighborhood

Estimated Value: $91,000 - $145,083

2 Beds
1 Bath
1,486 Sq Ft
$84/Sq Ft Est. Value

Last Sold February 07, 2018

Last sale price $46,400 $31 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $741/month

72 Days on Market

Highlights

  • Covered patio or porch
  • Shed
  • Forced Air Heating and Cooling System
  • Bungalow
  • 1-Story Property
  • Garage

About This Home

As of February 2018

Bungalow/Craftsman style home with two bedrooms, family room, formal dining room, eat-in kitchen, laundry room and a bonus room off the kitchen. New carpet and paint throughout. Newer vinyl windows. Fully fenced yard, mini barn, and a 1 car detached garage. Seller will provide an appliance allowance with full price offer. Just steps away from Stephen Foster Elementary School. Good investment opportunity! Current market rent for the house is $700 a month. Write us an offer and you'll be making money in no time!

Last Agent to Sell the Property

Emily Brewer

Redfin Corporation License #RB14049864 Listed on: 11/06/2017

Redfin Corporation

Last Buyer's Agent

Cassandra Chandler-Dues

ELEVATED Homes and Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $864

Year Built

  • Built in 1928

Lot Details

  • 4,400 Sq Ft Lot
  • Property is Fully Fenced

Parking

  • Garage

Home Design

  • Bungalow
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,486 Sq Ft Home
  • 1-Story Property
  • Attic Access Panel
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Basement Cellar

Outdoor Features

  • Covered patio or porch
  • Shed

Utilities

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

Community Details

  • Fairfax Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491105117512000901

Home Details

Home Type

Single Family

Est. Annual Taxes

$864

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1928
  • Garage Y N: Yes
  • Lot Size Acres: 0.101
  • Subdivision Name: FAIRFAX
  • Inspection Warranties: Not Applicable
  • Property Description: Bungalow/Craftsman style home with two bedrooms, family room, formal dining room, eat-in kitchen, laundry room and a bonus room off the kitchen. New carpet and paint throughout. Newer vinyl windows. Fully fenced yard, mini barn, and a 1 car detached garage. Seller will provide an appliance allowance with full price offer. Just steps away from Stephen Foster Elementary School. Good investment opportunity! Current market rent for the house is $700 a month. Write us an offer and you'll be making money in no time!
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Cellar, Partial
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access
  • Living Area: 1486
  • Other Equipment: Smoke Detector
  • Room Count: 7
  • Eating Area: Formal Dining Room,Eat In Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1204
  • Main Level Sq Ft: 1204
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in
  • Total Sq Ft: 1486
  • Below Grade Sq Ft: 282
  • Upper Level Sq Ft: 0
  • Pct Optional Level Finished: 0-25%
  • Optional Level Below Grade: Cellar

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Barn Mini, Fence Complete
  • Foundation Details: Block
  • List Price: 49900
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 1 Car Detached

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: 491105117512000901
  • Acres: <1/4 Acre
  • Lot Number: 287
  • Lot Size: 34'X130'

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 864
  • Semi Annual Property Tax Amt: 432
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools
  • Schools: Stephen Foster School 67 Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2017
Closed on
Feb 7, 2018
Sold by
Matthew S Brewer Llc
Bought by
Andrea Robledo
Seller's Agent
Emily Brewer
Redfin Corporation
Buyer's Agent
Cassandra Chandler-Dues
ELEVATED Homes and Properties
List Price
$59,900
Sold Price
$46,400
Premium/Discount to List
-$13,500
-22.54%
Current Estimated Value
$120,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,143
Avg. Annual Appreciation
13.43%
Original Mortgage
$45,559
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 2007
Sold by
Deutsche Bank National Trust Company
Bought by
Nestegg Investments Llc

Purchase Details

Closed on
Mar 20, 2007
Sold by
Mitchell Internity Co
Bought by
Mitchell Internity Co

Purchase Details

Closed on
Jul 29, 2005
Sold by
Tran Dung Ann
Bought by
Carr Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.95%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Andrea Robledo $46,400 --
Robledo Andrea -- Abstract & Title
Nestegg Investments Llc -- None Available
Mitchell Internity Co $40,866 None Available
Carr Elizabeth M -- Franklin Land Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macias Ocscar $31,646
Closed Robledo Andrea $45,559
Previous Owner Carr Elizabeth M $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2018 02/07/18 Sold $46,400 -7.0% $31 / Sq Ft
12/21/2017 12/21/17 Price Changed $49,900 -5.7% $34 / Sq Ft
11/30/2017 11/30/17 Price Changed $52,900 -3.6% $36 / Sq Ft
11/21/2017 11/21/17 Price Changed $54,900 -3.5% $37 / Sq Ft
11/13/2017 11/13/17 Price Changed $56,900 -5.0% $38 / Sq Ft
11/06/2017 11/06/17 For Sale $59,900 -- $40 / 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 $968 $105,000 $2,900 $102,100
2023 $968 $101,800 $2,900 $98,900
2022 $922 $96,600 $2,900 $93,700
2021 $485 $63,500 $2,900 $60,600
2020 $413 $54,700 $2,900 $51,800
2019 $384 $50,300 $2,900 $47,400
2018 $284 $36,600 $2,900 $33,700
2017 $846 $36,100 $2,900 $33,200
2016 $939 $41,500 $2,900 $38,600
2014 $928 $42,800 $2,900 $39,900
2013 $837 $40,100 $2,900 $37,200
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Emily Brewer

    Redfin Corporation

    Section Image

  • C

    Buyer's Agent in 2018

    Cassandra Chandler-Dues

    ELEVATED Homes and Properties

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21522993

MIBOR Broker Listing Cooperative®

APN: 49-11-05-117-512.000-901

Indiana Marion County Indianapolis 46222 Fairfax

524 N Somerset Ave, Indianapolis, IN

This home is located at 524 N Somerset Ave, Indianapolis, IN 46222 since 06 November 2017 and is currently estimated at $125,021, approximately $84 per square foot. This property was built in 1928. 524 N Somerset Ave is a home located in Marion County with nearby schools including The PATH School, George Washington Community High School (9-12), and Arsenal Technical 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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