NOT LISTED FOR SALE

5401 Margate Rd Indianapolis, IN 46221

Mars Hill Neighborhood

Estimated Value: $249,000 - $261,000

3 Beds
2 Baths
1,824 Sq Ft
$140/Sq Ft Est. Value

Last Sold November 16, 2022

Last sale price $230,000 $126 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,525/month

11 Days on Market

Highlights

  • 0.52 Acre Lot
  • Vaulted Ceiling
  • 3 Car Attached Garage
  • Cape Cod Architecture
  • Thermal Windows
  • Eat-In Kitchen

About This Home

As of November 2022

Classic Cape Cod home nestled on an oversized lot in Decatur! Featuring 3BR/2BA, over 1800 sq feet of living space to call your own! If you need extra storage or enjoy cars, you will LOVE the 3 car garage w/ all new doors. Roof/Gutters/Downspouts 8 years old. ALL appliances included. Back yard has a nice patio, mature trees, fully-fenced with TWO outbuildings. The best part? NO HOA!!!
Large living room that opens to kitchen and dining area. Main floor bedroom w/ two LARGE bedrooms upstairs as well as a full bath.
One-owner home that has been lovingly cared for!

Last Agent to Sell the Property

Julia Berberich

RE/MAX Centerstone Listed on: 09/23/2022

RE/MAX Centerstone

Last Buyer's Agent

Jocelyn Deal

eXp Realty, LLC

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,532

Year Built

  • Built in 1980

Lot Details

  • 0.52 Acre Lot
  • Back Yard Fenced

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Thermal Windows
  • Combination Kitchen and Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Microwave

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Monitored
  • Fire and Smoke Detector

Outdoor Features

  • Shed

Utilities

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

Community Details

  • Newlynn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491236115008000200

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,532

Year Built

Built in 1980

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: CapeCod
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1980
  • Building Area Total: 1824
  • Garage Y N: Yes
  • Lot Size Acres: 0.516
  • Subdivision Name: NEWLYNN
  • Inspection Warranties: General
  • Transaction Type: Sale
  • Accessibility Features YN: 0
  • MBR_AttributionContact: juliab@remax.net
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Appliances: Dryer, Microwave, Gas Oven, Refrigerator, Washer
  • Levels: Two
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Vaulted Ceiling(s), Windows Thermal, Wood Work Stained
  • Other Equipment: Satellite Dish Paid, Security Alarm Monitored, Security Alarm Paid, Smoke Detector
  • Areas Interior: Foyer Small,Laundry Room Main Level
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1824
  • Main Level Sq Ft: 1000
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Master Bedroom Description: Tub Full with Separate Shower
  • Kitchen Features: Kitchen Eat In
  • Upper Level Sq Ft: 824

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Barn Mini, Barn Storage, Driveway Asphalt, Fence Full Rear
  • Foundation Details: Block
  • List Price: 243000
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio,Porch Open

Garage/Parking

  • Garage Spaces: 3
  • Fuel: Gas
  • Garage Parking Description: Attached
  • Garage Parking Other: Garage Door Opener,Finished Garage,Keyless Entry,Service Door,Storage Area
  • Garage Sq Ft: 864

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Gas Connected,High Speed Internet Avail
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491236115008000200
  • Acres: 1/2-1 Acre
  • Lot Information: Corner,Irregular,Tree Mature
  • Lot Number: 58
  • Lot Size: 22,477

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1532
  • Semi Annual Property Tax Amt: 766
  • Tax Exemption: HomesteadTaxExemption,OtherTaxExemption/See Remarks

MLS Schools

  • School District: Decatur Township
  • Schools: Decatur Central High,Decatur Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Nov 24, 2022
Sold by
Poynter Alice E
Bought by
Radford Ronald
Seller's Agent
Julia Berberich
RE/MAX Centerstone
Buyer's Agent
Jocelyn Deal
eXp Realty, LLC
List Price
$243,000
Sold Price
$230,000
Premium/Discount to List
-$13,000
-5.35%
Views
12
Current Estimated Value
$254,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,921
Avg. Annual Appreciation
3.60%
Original Mortgage
$225,834
Outstanding Balance
$219,057
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$35,864
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
Radford Ronald -- Quality Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Radford Ronald $225,834
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2022 11/16/22 Sold $230,000 -5.3% $126 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $243,000 -- $133 / 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 $2,089 $202,700 $26,100 $176,600
2023 $2,089 $175,900 $26,100 $149,800
2022 $1,706 $150,000 $26,100 $123,900
2021 $1,669 $139,600 $26,100 $113,500
2020 $1,156 $126,800 $26,100 $100,700
2019 $1,412 $126,800 $26,100 $100,700
2018 $1,220 $115,900 $26,100 $89,800
2017 $1,230 $116,200 $26,100 $90,100
2016 $1,176 $114,600 $26,100 $88,500
2014 $1,143 $113,100 $26,100 $87,000
2013 $1,039 $113,100 $26,100 $87,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Julia Berberich

    RE/MAX

    Section Image

  • J

    Buyer's Agent in 2022

    Jocelyn Deal

    eXp Realty, LLC

    Section Image

  • M

    Buyer Co-Listing Agent in 2022

    Melissa Wombles

    eXp Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21884829

MIBOR Broker Listing Cooperative®

APN: 49-12-36-115-008.000-200

Indiana Marion County Indianapolis 46221 Mars Hill

5401 Margate Rd, Indianapolis, IN

This home is located at 5401 Margate Rd, Indianapolis, IN 46221 since 23 September 2022 and is currently estimated at $254,921, approximately $139 per square foot. This property was built in 1980. 5401 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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