NOT LISTED FOR SALE

5322 Margate Rd Indianapolis, IN 46221

Mars Hill Neighborhood

Estimated Value: $190,000 - $218,000

3 Beds
1 Bath
924 Sq Ft
$221/Sq Ft Est. Value

Last Sold December 04, 2020

Last sale price $151,000 $163 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,269/month

8 Days on Market

Highlights

  • Mature Trees
  • 4 Car Detached Garage
  • Woodwork
  • Ranch Style House
  • Thermal Windows
  • Forced Air Heating and Cooling System

About This Home

As of December 2020

Completely remodeled, all new, taken down to the studs 3BR ranch with massive 4+ Car heated garage on 2 lots. New Septic, New Roof, siding, gutters, windows, water heater. New carpet & tile throughout. Updated kitchen with new countertops, backsplash, & the appliances stay. New pex plumbing, new electrical panel, and Weatherhead. Washer/Dryer included. Super clean garage is perfect for workshop, auto work, man cave, storage etc. Separate gas furnace, insulated and freshly painted walls and floor. New garage door opener. Privacy fenced back yard. Conveniently located to shopping, schools, highways, and entertainment. Wonderful opportunity in a quiet neighborhood.

Last Agent to Sell the Property

Andy Ludlow

eXp Realty, LLC License #RB15001428 Listed on: 11/05/2020

eXp Realty, LLC

Last Buyer's Agent

Andy Ludlow

eXp Realty, LLC License #RB15001428 Listed on: 11/05/2020

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,366

Year Built

  • Built in 1954

Lot Details

  • 0.32 Acre Lot
  • Back Yard Fenced
  • Mature Trees

Parking

  • 4 Car Detached Garage
  • Driveway

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding
  • Vinyl Construction Material

Interior Spaces

  • 924 Sq Ft Home
  • Woodwork
  • Thermal Windows
  • Vinyl Clad Windows
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Range Hood

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Utilities

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

Community Details

  • Newlynn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491236115041000200

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,366

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1954
  • Garage Y N: Yes
  • Lot Size Acres: 0.32
  • Subdivision Name: NEWLYNN
  • Inspection Warranties: Not Applicable
  • Property Description: Completely remodeled, all new, taken down to the studs 3BR ranch with massive 4+ Car heated garage on 2 lots. New Septic, New Roof, siding, gutters, windows, water heater. New carpet & tile throughout. Updated kitchen with new countertops, backsplash, & the appliances stay. New pex plumbing, new electrical panel, and Weatherhead. Washer/Dryer included. Super clean garage is perfect for workshop, auto work, man cave, storage etc. Separate gas furnace, insulated and freshly painted walls and floor. New garage door opener. Privacy fenced back yard. Conveniently located to shopping, schools, highways, and entertainment. Wonderful opportunity in a quiet neighborhood.
  • Transaction Type: Sale
  • Open House Count: 2
  • Open House Public Count: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dryer, Electric Oven, Range Hood, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Interior Amenities: Attic Access, Windows Thermal, Windows Vinyl, Wood Work Painted
  • Living Area: 924
  • Other Equipment: Smoke Detector
  • Room Count: 6
  • Areas Interior: Laundry Room Main Level
  • Eating Area: Dining Combo/Kitchen,Other Eating Area
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 924
  • Main Level Sq Ft: 924
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Closet Walk in
  • Total Sq Ft: 924
  • Kitchen Features: Kitchen Updated
  • Below Grade Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding, Vinyl With Stone
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt, Fence Full Rear
  • Foundation Details: Slab
  • List Price: 149900
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio,Porch Open

Garage/Parking

  • Garage Spaces: 4
  • Fuel: Gas
  • Garage Parking Description: Detached
  • Garage Parking Other: Garage Door Opener,Heated

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Gas Available,Gas Connected
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491236115041000200
  • Acres: 1/4-1/2 Acre
  • Lot Information: Tree Mature
  • Lot Number: 38
  • Lot Size: 6,970

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 2366
  • Semi Annual Property Tax Amt: 1183
  • Tax Exemption: None

MLS Schools

  • School District: Decatur Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Dec 4, 2020
Sold by
Collins Trust
Bought by
Alexander Sharon K
Seller's Agent
Andy Ludlow
eXp Realty, LLC
Buyer's Agent
Andy Ludlow
eXp Realty, LLC
List Price
$149,900
Sold Price
$151,000
Premium/Discount to List
$1,100
0.73%
Current Estimated Value
$203,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,943
Avg. Annual Appreciation
5.92%
Original Mortgage
$145,095
Outstanding Balance
$130,657
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$67,916

Purchase Details

Listed on
Oct 18, 2017
Closed on
Nov 15, 2017
Seller's Agent
Val Laborevitch
REALHome Services and Solutions, Inc.
Buyer's Agent
Andy Ludlow
eXp Realty, LLC
List Price
$48,000
Sold Price
$44,000
Premium/Discount to List
-$4,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.43%

Purchase Details

Listed on
Oct 18, 2017
Closed on
Nov 14, 2017
Sold by
Deutshce Bank National Trust Co
Bought by
Dewey Collins Trust
Seller's Agent
Val Laborevitch
REALHome Services and Solutions, Inc.
Buyer's Agent
Andy Ludlow
eXp Realty, LLC
List Price
$48,000
Sold Price
$44,000
Premium/Discount to List
-$4,000
-8.33%

Purchase Details

Closed on
Aug 24, 2017
Sold by
John Layton John R
Bought by
Fl
Source: Public Records

Range of Values:

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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
Alexander Sharon K $151,100 First American Title Insurance
-- $44,000 --
Dewey Collins Trust -- --
Fl $55,000 --
Deutsche Bank National Trust Co $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Sharon K $145,095
Previous Owner Collins Thomas R $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $151,000 +0.7% $163 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $149,900 +240.7% $162 / Sq Ft
11/28/2017 11/28/17 Sold $44,000 -8.3% $48 / Sq Ft
10/27/2017 10/27/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $48,000 -- $52 / 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 $2,005 $197,000 $14,400 $182,600
2023 $2,005 $170,800 $14,400 $156,400
2022 $1,719 $143,700 $14,400 $129,300
2021 $1,639 $135,800 $14,400 $121,400
2020 $646 $76,200 $14,400 $61,800
2019 $1,857 $76,200 $14,400 $61,800
2018 $1,683 $69,500 $14,400 $55,100
2017 $634 $68,700 $14,400 $54,300
2016 $615 $67,700 $14,400 $53,300
2014 $568 $67,100 $14,400 $52,700
2013 $534 $67,100 $14,400 $52,700
Source: Public Records

Agents Affiliated with this Home

  • Andy Ludlow

    Seller's Agent in 2020

    Andy Ludlow

    eXp Realty, LLC

    (317) 372-6147

    4 in this area

    203 Total Sales

    Andy Ludlow
    Section Image
  • Val Laborevitch

    Seller's Agent in 2017

    Val Laborevitch

    REALHome Services and Solutions, Inc.

    (847) 830-1129

    686 Total Sales

    Val Laborevitch
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21750764

MIBOR Broker Listing Cooperative®

APN: 49-12-36-115-041.000-200

Indiana Marion County Indianapolis 46221 Mars Hill

5322 Margate Rd, Indianapolis, IN

This home is located at 5322 Margate Rd, Indianapolis, IN 46221 since 05 November 2020 and is currently estimated at $203,943, approximately $220 per square foot. This property was built in 1954. 5322 Margate Rd is a home located in Marion County with nearby schools including Blue Academy, Decatur Middle School, and Decatur Central 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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