NOT LISTED FOR SALE

5306 Margate Rd Indianapolis, IN 46221

Mars Hill Neighborhood

Estimated Value: $98,000 - $171,000

2 Beds
1 Bath
816 Sq Ft
$167/Sq Ft Est. Value

Last Sold November 10, 2023

Last sale price $103,600 $127 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $790/month

57 Days on Market

Highlights

  • View of Trees or Woods
  • Mature Trees
  • Ranch Style House
  • Updated Kitchen
  • Deck
  • No HOA

About This Home

As of November 2023

Captivating price for this ranch style home on double lot in Decatur Township. Mature landscaping & trees, storage shed, detached 2-car garage, spacious wood deck on front of home, open patio. Exterior appears to have newer vinyl siding & replacement windows, dimensional shingles. Interior features newer LVP flooring, water heater, kitchen cabinets & counters & remodeled bathroom. Open floor plan with dining area, laundry room, great room & kitchen. Incredible value & a must see!

Last Agent to Sell the Property

Chris Price

Keller Williams Indy Metro S Brokerage Email: chrisprice@indypropertysource.com License #RB14030267 Listed on: 06/14/2023

Keller Williams Indy Metro S

Last Buyer's Agent

Tamela Burton

Keller Williams Indy Metro W

Keller Williams Indy Metro W

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $700

Year Built

  • Built in 1951

Lot Details

  • 0.32 Acre Lot
  • Mature Trees
  • Wooded Lot
  • Additional Parcels

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Workshop in Garage

Property Views

  • Woods
  • Neighborhood

Home Design

  • Ranch Style House
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 816 Sq Ft Home
  • Woodwork
  • Paddle Fans
  • Vinyl Clad Windows
  • Combination Kitchen and Dining Room
  • Storage
  • Attic Access Panel

Kitchen

  • Updated Kitchen
  • Recirculated Exhaust Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer

Home Security

  • Smart Thermostat
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio
  • Shed
  • Porch

Location

  • Suburban Location

Schools

  • Blue Academy Elementary School
  • Decatur Middle School
  • Decatur Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 33, 34
  • Assessor Parcel Number 491236115045000200

Community Details

Overview

  • No Home Owners Association
  • Newlynn Subdivision

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$700

Year Built

Built in 1951

Lot Details

0.32 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1951
  • Building Area Total: 816
  • Garage Y N: Yes
  • Lot Size Acres: 0.32
  • Subdivision Name: Newlynn
  • Inspection Warranties: Not Applicable,Other
  • Transaction Type: Sale
  • Website: www.TheIndyPropertySource.com
  • Accessibility Features YN: No
  • Website: www.HUDHomeStore.com
  • MBR_AttributionContact: chrisprice@indypropertysource.com
  • Attribution Contact: chrisprice@indypropertysource.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Kitchen Exhaust, Laundry Connection in Unit, Refrigerator, Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access, Paddle Fan, Programmable Thermostat, Supplemental Storage, Windows Vinyl, Wood Work Painted
  • Living Area: 816
  • Other Equipment: Smoke Alarm
  • Areas Interior: Bedroom Other on Main,Laundry in Unit,Utility Room,Other
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 816
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • Direction Faces: Southeast
  • Disclosures: Not Applicable
  • Exterior Features: Barn Mini, Tennis Community
  • Fencing: Partial
  • Foundation Details: Block
  • Patio And Porch Features: Deck Main Level, Open Patio, Porch Open
  • View: Neighborhood, Trees/Woods
  • View Y N: Yes
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, Asphalt, Storage, Workshop in Garage, Other
  • Garage Parking Other: Service Door,Other

Utilities

  • Utilities: Cable Available, Electricity Connected, Gas, Septic System, Water Connected
  • Cooling: Central Electric
  • Electric: Circuit Breakers
  • Heating: Forced Air, Gas
  • Laundry Features: Laundry Room, Main Level, Other
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Street Lights, Suburban

Schools

  • Middle Or Junior School: Decatur Middle School

Lot Info

  • Lot Features: Not In Subdivision, Suburb, Mature Trees, Trees-Small (Under 20 Ft), Wooded, See Remarks, Other
  • Property Attached Yn: No
  • Additional Parcels Description: Newlynn L033 & L034
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 13983
  • Parcel Number: 491236115045000200
  • Acres: 1/4-1/2 Acre

Green Features

  • Green Certification Y N: No
  • Smart Home Features: Thermostat - Programmable

Tax Info

  • Tax Annual Amount: 700
  • Tax Lot: 33, 34
  • Semi Annual Property Tax Amt: 350

MLS Schools

  • Elementary School: Blue Academy
  • High School: Decatur Central High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Nov 10, 2023
Sold by
Secretary/Housing & Urban Dev
Bought by
Robertson Dillon
Seller's Agent
Chris Price
Keller Williams Indy Metro S
Buyer's Agent
Tamela Burton
Keller Williams Indy Metro W
List Price
$107,000
Sold Price
$103,600
Premium/Discount to List
-$3,400
-3.18%
Views
337
Current Estimated Value
$135,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,291
Avg. Annual Appreciation
12.24%
Original Mortgage
$116,056
Outstanding Balance
$113,303
Interest Rate
7.25%
Mortgage Type
FHA
Estimated Equity
$22,588

Purchase Details

Listed on
Jun 14, 2023
Closed on
Nov 9, 2023
Sold by
Secretary Of Housing And Urban Developme
Bought by
Robertson Dillon
Seller's Agent
Chris Price
Keller Williams Indy Metro S
Buyer's Agent
Tamela Burton
Keller Williams Indy Metro W
List Price
$107,000
Sold Price
$103,600
Premium/Discount to List
-$3,400
-3.18%
Views
337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,056
Outstanding Balance
$113,303
Interest Rate
7.25%
Mortgage Type
FHA
Estimated Equity
$22,588

Purchase Details

Closed on
May 12, 2023
Sold by
Rocket Mortgage Llc
Bought by
Secretary/Housing & Urban Dev

Purchase Details

Closed on
Jan 23, 2023
Sold by
Sheriff Of Marion County
Bought by
Rocket Mortgage Llc and Department Of Revenue

Purchase Details

Listed on
Sep 5, 2018
Closed on
Oct 25, 2018
Sold by
Darlene Whitehead-Lawson
Bought by
Patricia Ebert
Seller's Agent
Patsy Coffey
Keller Williams Indy Metro S
Buyer's Agent
Rick Daves
BluPrint Real Estate Group
List Price
$99,900
Sold Price
$94,000
Premium/Discount to List
-$5,900
-5.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.11%
Original Mortgage
$92,297
Interest Rate
4.7%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 28, 2011
Sold by
Allen Mary C and Allen Roger D
Bought by
Whitehead Lawson Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
4.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Robertson Dillon -- None Listed On Document
Robertson Dillon $103,600 None Listed On Document
Secretary/Housing & Urban Dev -- None Listed On Document
Rocket Mortgage Llc $99,951 --
Patricia Ebert $94,000 --
Ebert Patricia -- Meridian Title Corporation
Whitehead Lawson Darlene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robertson Dillon $116,056
Closed Robertson Dillon $116,056
Previous Owner Ebert Patricia $92,297
Previous Owner Whitehead Lawson Darlene $26,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2023 11/10/23 Sold $103,600 -3.2% $127 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $107,000 0.0% $131 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $107,000 +13.8% $131 / Sq Ft
10/25/2018 10/25/18 Sold $94,000 -0.9% $107 / Sq Ft View Prior Sale
09/18/2018 09/18/18 Pending -- -- --
09/14/2018 09/14/18 Price Changed $94,900 -5.0% $108 / Sq Ft
09/05/2018 09/05/18 For Sale $99,900 -- $114 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $998 $100,500 $21,600 $78,900
2024 $2,120 $102,400 $21,600 $80,800
2023 $2,120 $90,100 $21,600 $68,500
2022 $764 $78,200 $21,600 $56,600
2021 $800 $76,000 $21,600 $54,400
Source: Public Records

Agents Affiliated with this Home

  • Chris Price

    Seller's Agent in 2023

    Chris Price

    Keller Williams Indy Metro S

    (317) 886-8477

    8 in this area

    492 Total Sales

    Chris Price
    Section Image

  • T

    Buyer's Agent in 2023

    Tamela Burton

    Keller Williams Indy Metro W

    Section Image
  • Patsy Coffey

    Seller's Agent in 2018

    Patsy Coffey

    Keller Williams Indy Metro S

    (317) 281-3413

    3 in this area

    220 Total Sales

    Patsy Coffey
    Section Image
  • Mark Coffey Jr.

    Seller Co-Listing Agent in 2018

    Mark Coffey Jr.

    Keller Williams Indy Metro S

    (317) 400-9258

    5 in this area

    340 Total Sales

    Mark Coffey Jr.
    Section Image

  • R

    Buyer's Agent in 2018

    Rick Daves

    BluPrint Real Estate Group

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21926907

MIBOR Broker Listing Cooperative®

APN: 49-12-36-115-045.000-200

Indiana Marion County Indianapolis 46221 Mars Hill

5306 Margate Rd, Indianapolis, IN

Not Listed for Sale

Detached

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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.
Based on information submitted to the MLS GRID

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