NOT LISTED FOR SALE

5485 Terrace Ave Indianapolis, IN 46203

Southeast Indianapolis Neighborhood

Estimated Value: $285,000 - $323,000

4 Beds
2.5 Baths
2,568 Sq Ft
$117/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $242,000 $94 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,879/month

Highlights

  • 2.33 Acre Lot
  • L-Shaped Dining Room
  • 4 Car Garage
  • Contemporary Architecture
  • Forced Air Heating System

About This Home

As of April 2021

Wow!! Well Maintained 3bed, 2.5bath Home With Over 2500 sqft and 2.33 acres!! Living Room Has A Cozy Gas Fireplace And Is Open To The Large Kitchen And Dining Room. The Backyard Has A Huge Patio, A Private Stocked Pond And An Additional 2 Car Detached Garage. Too Much To List So Come Check It Out Before It's Gone!

Last Agent to Sell the Property

Shannon Gilbert

Highgarden Real Estate License #RB14037650 Listed on: 02/17/2021

Highgarden Real Estate

Co-Listed By

Janet Firari

Trueblood Real Estate License #RB14047484

Last Buyer's Agent

Victoria Dougherty

CENTURY 21 Scheetz

CENTURY 21 Scheetz

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,024

Year Built

  • Built in 1946

Lot Details

  • 2.33 Acre Lot

Parking

  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • L-Shaped Dining Room
  • Crawl Space
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 491015133086000700

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,024

Year Built

Built in 1946

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1946
  • Co List Office Phone: 317-205-4320
  • Garage Y N: Yes
  • Lot Size Acres: 2.33
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Wow!! Well Maintained 3bed, 2.5bath Home With Over 2500 sqft and 2.33 acres!! Living Room Has A Cozy Gas Fireplace And Is Open To The Large Kitchen And Dining Room. The Backyard Has A Huge Patio, A Private Stocked Pond And An Additional 2 Car Detached Garage. Too Much To List So Come Check It Out Before It's Gone!
  • Transaction Type: Sale
  • F H A Certified: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, MicroHood, Microwave, Gas Oven, Refrigerator
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Interior Amenities: Attic Access
  • Living Area: 2568
  • Other Equipment: Smoke Detector
  • Room Count: 9
  • Eating Area: Dining-L
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 2568
  • Main Level Sq Ft: 1344
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Total Sq Ft: 2568
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 1224

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Crawl Space
  • List Price: 265000
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Garage Spaces: 4
  • Fuel: Gas
  • Garage Parking Description: Attached,Detached,Multiple Garages

Utilities

  • Sewer: Sewer Connected
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Electric

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491015133086000700
  • Acres: 1-3 Acres
  • Lot Information: Rural No Subdivision
  • Lot Number: 0
  • Lot Size: 2.33 ACRES

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1024
  • Semi Annual Property Tax Amt: 512
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Warren Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2025
Sold by
Borcharding Marcus and Smith Joanna
Bought by
Borcharding Marcus
Current Estimated Value
$299,281

Purchase Details

Listed on
Feb 17, 2021
Closed on
Apr 9, 2021
Sold by
Mclntyre Ronnie
Bought by
Borcharding Marcus and Smith Joanna
Seller's Agent
Shannon Gilbert
Highgarden Real Estate
Buyer's Agent
Victoria Dougherty
CENTURY 21 Scheetz
List Price
$265,000
Sold Price
$242,000
Premium/Discount to List
-$23,000
-8.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$247,566
Interest Rate
3%
Mortgage Type
VA

Purchase Details

Listed on
Feb 14, 2019
Closed on
Mar 29, 2019
Sold by
Miller Stephaine and Schwartz Stephanie L
Bought by
Mclntyre Ronnie
Seller's Agent
Joe Buttler
Indy Crossroads Realty Group
Buyer's Agent
Joe Buttler
Indy Crossroads Realty Group
List Price
$170,000
Sold Price
$174,000
Premium/Discount to List
$4,000
2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.65%
Original Mortgage
$165,300
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2013
Sold by
Sellers Charles L
Bought by
Schwartz Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,210
Interest Rate
3.52%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2013
Sold by
Sellers Charles L
Bought by
Schwartz Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,210
Interest Rate
3.52%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 20, 2009
Sold by
Sellers Ernest L
Bought by
Sellers Charles L

Purchase Details

Closed on
Sep 5, 2008
Sold by
Sellers Ernest L
Bought by
Sellers Charles L

Purchase Details

Closed on
Aug 5, 2008
Sold by
Fifth Third Bank
Bought by
Sellers Ernest L

Purchase Details

Closed on
Oct 4, 2007
Sold by
Preston Jim L and Preston Jimmy L
Bought by
Fifth Third Bank
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Borcharding Marcus -- None Listed On Document
Borcharding Marcus $242,000 Chicago Title
Mclntyre Ronnie $174,000 Chicago Title
Schwartz Stephanie L -- --
Schwartz Stephanie L -- --
Sellers Charles L -- None Available
Sellers Charles L -- None Available
Sellers Ernest L -- Statewide Title Company Inc
Fifth Third Bank $144,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borcharding Marcus $247,566
Previous Owner Mclntyre Ronnie $165,300
Previous Owner Schwartz Stephanie L $151,210
Previous Owner Sellers Charles L $61,050
Closed Sellers Charles L $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $242,000 -8.7% $94 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $265,000 +52.3% $103 / Sq Ft
03/29/2019 03/29/19 Sold $174,000 +2.4% $68 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
02/14/2019 02/14/19 For Sale $170,000 -- $66 / 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 $2,649 $214,700 $10,700 $204,000
2023 $2,649 $205,700 $10,700 $195,000
2022 $2,255 $175,400 $10,700 $164,700
2021 $2,061 $159,800 $10,700 $149,100
2020 $2,006 $156,100 $10,700 $145,400
2019 $1,267 $102,100 $10,700 $91,400
2018 $1,258 $102,100 $10,700 $91,400
2017 $1,109 $97,200 $10,700 $86,500
2016 $1,063 $92,300 $10,700 $81,600
2014 $787 $89,200 $10,700 $78,500
2013 $508 $64,700 $10,700 $54,000
Source: Public Records

Agents Affiliated with this Home

  • Shannon Gilbert

    Seller's Agent in 2021

    Shannon Gilbert

    Highgarden Real Estate

    (765) 532-6503

    3 in this area

    636 Total Sales

    Shannon Gilbert
    Section Image
  • Janet Firari

    Seller Co-Listing Agent in 2021

    Janet Firari

    Trueblood Real Estate

    (317) 504-4099

    1 in this area

    73 Total Sales

    Janet Firari
    Section Image

  • V

    Buyer's Agent in 2021

    Victoria Dougherty

    CENTURY 21 Scheetz

    Section Image
  • Joe Buttler

    Seller's Agent in 2019

    Joe Buttler

    Indy Crossroads Realty Group

    (317) 694-5213

    2 in this area

    120 Total Sales

    Joe Buttler
    Section Image
  • David Collins

    Seller Co-Listing Agent in 2019

    David Collins

    Indy Crossroads Realty Group

    (317) 281-9241

    2 in this area

    127 Total Sales

    David Collins
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21765508

MIBOR Broker Listing Cooperative®

APN: 49-10-15-133-086.000-700

Indiana Marion County Indianapolis 46203 Southeast Indianapolis

5485 Terrace Ave, Indianapolis, IN

This home is located at 5485 Terrace Ave, Indianapolis, IN 46203 since 17 February 2021 and is currently estimated at $299,281, approximately $116 per square foot. This property was built in 1946. 5485 Terrace Ave is a home located in Marion County with nearby schools including Lowell Elementary School, Raymond Park Intermediate School (5-6), and Raymond Park Middle 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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