NOT LISTED FOR SALE

525 N Somerset Ave Indianapolis, IN 46222

Fairfax Neighborhood

Estimated Value: $62,000 - $90,163

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

Last Sold September 23, 2022

Last sale price $55,050 $60 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $566/month

2 Days on Market

Highlights

  • Wood Flooring
  • Wood Frame Window
  • Guest Parking
  • No HOA
  • Bungalow
  • 1-Story Property

About This Home

As of September 2022

Investor alert!! Great "flip" investment or long-term rental (BRRRR). This is a 2 bed, 1 bath home that needs renovations and repairs throughout. Large lot with enough space to add on. Located very close to all of the continuing development in Speedway! This home has great potential! Don't miss this one!

Last Agent to Sell the Property

Ryan Rominger

Trueblood Real Estate License #RB18002043 Listed on: 09/09/2022

Trueblood Real Estate

Last Buyer's Agent

Alexander Tarancon

eXp Realty, LLC

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $346

Year Built

  • Built in 1910

Lot Details

  • 6,621

Home Design

  • Bungalow
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 920 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Basement Cellar

Parking

  • Workshop in Garage
  • Side or Rear Entrance to Parking
  • Guest Parking

Additional Features

  • 6,621 Sq Ft Lot
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Fairfax Subdivision

Listing and Financial Details

  • Tax Lot 388
  • Assessor Parcel Number 491105117600000901

Home Details

Home Type

Single Family

Est. Annual Taxes

$346

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1910
  • Building Area Total: 1271
  • Garage Y N: No
  • Lot Size Acres: 0.152
  • Subdivision Name: Fairfax
  • Inspection Warranties: See Remarks,Not Applicable
  • Transaction Type: Sale
  • MBR_AttributionContact: ryan.rominger@compass.com
  • 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: Hardwood Floors, Windows Wood
  • Living Area: 920
  • Main Level Bedrooms: 2
  • Other Equipment: Not Applicable
  • Eating Area: Formal Dining Room,Separate Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 920
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0
  • SqFt Total: 1271

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 49500

Garage/Parking

  • Parking Features: Rear/Side Entry, Guest Parking, Workshop in Garage, None

Utilities

  • Cooling: None
  • Heating: Other, No Heating, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 6621
  • Parcel Number: 491105117600000901
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 346
  • Tax Lot: 388
  • Semi Annual Property Tax Amt: 173
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Sep 23, 2022
Sold by
Joven Jose M
Bought by
Alberto Santiago
Seller's Agent
Ryan Rominger
Trueblood Real Estate
Buyer's Agent
Alexander Tarancon
eXp Realty, LLC
List Price
$49,500
Sold Price
$55,050
Premium/Discount to List
$5,550
11.21%
Views
13
Current Estimated Value
$83,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,605
Avg. Annual Appreciation
12.31%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Alberto Santiago -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $55,050 +11.2% $60 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $49,500 -- $54 / 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 $1,298 $53,300 $4,300 $49,000
2023 $1,298 $51,800 $4,300 $47,500
2022 $552 $68,600 $4,300 $64,300
2021 $413 $46,100 $4,300 $41,800
2020 $349 $37,900 $4,300 $33,600
2019 $330 $35,000 $4,300 $30,700
2018 $327 $33,800 $4,300 $29,500
2017 $290 $33,300 $4,300 $29,000
2016 $308 $38,200 $4,300 $33,900
2014 $284 $39,300 $4,300 $35,000
2013 $343 $36,900 $4,300 $32,600
Source: Public Records

Agents Affiliated with this Home

  • Ryan Rominger

    Seller's Agent in 2022

    Ryan Rominger

    Trueblood Real Estate

    (317) 935-0075

    1 in this area

    153 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    Alexander Tarancon

    eXp Realty, LLC

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21882298

MIBOR Broker Listing Cooperative®

APN: 49-11-05-117-600.000-901

Indiana Marion County Indianapolis 46222 Fairfax

525 N Somerset Ave, Indianapolis, IN

This home is located at 525 N Somerset Ave, Indianapolis, IN 46222 since 09 September 2022 and is currently estimated at $77,041, approximately $83 per square foot. This property was built in 1910. 525 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.

Nearby Homes