5485 Terrace Ave Indianapolis, IN 46203
Southeast Indianapolis Neighborhood
3
Beds
2.5
Baths
2,568
Sq Ft
2.33
Acres
Highlights
- 2.33 Acre Lot
- L-Shaped Dining Room
- 4 Car Garage
- Contemporary Architecture
- Forced Air Heating System
About This Home
As of April 20212.33 acres with over 2500 square feet of living space. This house has 3 br/2.5 ba. Family room has a wood burning fire place and is massive. Kit/Dr combo great for entertaining. Backyard has private stocked pond. 2 car attached garage is finished and a 2 car detached with 2 lean-to's. New furnace and New Water New softener in 2018. Along with new gutters, new siding, new window in 2018. Ceiling fans through out. Security system available. Bring your offer today.
Last Agent to Sell the Property
Indy Crossroads Realty Group License #RB14052221 Listed on: 02/14/2019
Last Buyer's Agent
Indy Crossroads Realty Group License #RB14052221 Listed on: 02/14/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,108
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
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 491015133086000700
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
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
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $242,000 | Chicago Title | |
| Warranty Deed | $174,000 | Chicago Title | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Land Contract | -- | None Available | |
| Special Warranty Deed | -- | Statewide Title Company Inc | |
| Sheriffs Deed | $144,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $247,566 | VA | |
| Previous Owner | $165,300 | New Conventional | |
| Previous Owner | $151,210 | FHA | |
| Previous Owner | $61,050 | FHA | |
| Closed | $0 | Seller Take Back |
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
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
635 Total Sales
-
Janet Firari
Seller Co-Listing Agent in 2021
Janet Firari
Trueblood Real Estate
(317) 504-4099
1 in this area
73 Total Sales
-
V
Buyer's Agent in 2021
Victoria Dougherty
CENTURY 21 Scheetz
-
Joe Buttler
Seller's Agent in 2019
Joe Buttler
Indy Crossroads Realty Group
(317) 694-5213
2 in this area
120 Total Sales
-
David Collins
Seller Co-Listing Agent in 2019
David Collins
Indy Crossroads Realty Group
(317) 281-9241
2 in this area
127 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: MBR21616972
APN: 49-10-15-133-086.000-700
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