NOT LISTED FOR SALE

5502 E Rawles Terrace Indianapolis, IN 46219

Irvington Neighborhood

Estimated Value: $169,000 - $205,578

2 Beds
1 Bath
823 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2025

Last sale price $178,000 $216 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,314 / mo

18 Days on Market

Highlights

  • Updated Kitchen
  • Corner Lot
  • Covered Patio or Porch
  • Craftsman Architecture
  • No HOA
  • 2 Car Detached Garage

About This Home

As of March 2025

Charming Historic Irvington Bungalow! Discover the perfect blend of vintage charm and modern convenience in this beautifully updated 1950s bungalow. Nestled on a spacious corner lot in the heart of Irvington, this home offers both character and comfort. Enjoy cooking in the open kitchen featuring quartz countertops, a farmhouse sink, elegant cabinetry, and a classic subway tile backsplash. All kitchen appliances are included for your convenience. Move with ease on newer luxury vinyl plank flooring, and enjoy the abundance of natural light from energy-efficient vinyl thermal windows. Upgraded HVAC ensures year-round comfort. The large yard is perfect for outdoor gatherings, pets, or gardening. The corner lot provides extra space and privacy. A 2 car garage offers plenty of storage and secure parking. The large attic has potential to be transformed into additional living space.Live just moments from downtown, major highways, parks, schools, and a variety of shops and entertainment options. Whether you're looking for a cozy home filled with character or a smart investment opportunity, this move-in ready Irvington beauty has it all. Don't miss your chance-schedule a tour today!

Last Agent to Sell the Property

Andy Ludlow

eXp Realty, LLC Brokerage Email: abrl9475@gmail.com License #RB15001428 Listed on: 02/18/2025

eXp Realty, LLC

Last Buyer's Agent

Jacob Deacon

eXp Realty, LLC License #RB23000132

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,798

Year Built

  • Built in 1951

Lot Details

  • 4,748 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Craftsman Architecture
  • Ranch Style House
  • Traditional Architecture
  • Bungalow
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 823 Sq Ft Home
  • Woodwork
  • Combination Kitchen and Dining Room
  • Vinyl Plank Flooring
  • Crawl Space
  • Attic Access Panel

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Gas Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Covered Patio or Porch
  • Breezeway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Paul Ruby Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 491010129002000701
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,798

Year Built

Built in 1951

Lot Details

4,748 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Craftsman, Bungalow, Ranch, Traditional
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1951
  • Building Area Total: 823
  • Garage Y N: Yes
  • Lot Size Acres: 0.11
  • Subdivision Name: Paul Ruby
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Attribution Contact: abrl9475@gmail.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, Gas Water Heater, MicroHood, Gas Oven, Refrigerator, Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access, Hi-Speed Internet Availbl, Eat-in Kitchen, Pantry, Wood Work Painted
  • Living Area: 823
  • Areas Interior: Bedroom Other on Main,Laundry in Unit
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 823
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Partial
  • Foundation Details: Crawl Space, Block
  • Patio And Porch Features: Breeze Way, Covered, Patio

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Laundry Room, Main Level
  • Water Source: Public
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Access, Corner Lot, Curbs, Sidewalks, Storm Sewer
  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 4748
  • Parcel Number: 491010129002000701
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 3798
  • Tax Lot: 13
  • Semi Annual Property Tax Amt: 1899
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2025
Sold by
Deacon Jacob and Ibrahim Petra
Bought by
P & J Estates Llc
Current Estimated Value
$182,395

Purchase Details

Listed on
Feb 18, 2025
Closed on
Mar 31, 2025
Sold by
Heymon Properties Llc
Bought by
Ibrahim Petra and Deacon Jacob
Seller's Agent
Andy Ludlow
eXp Realty, LLC
Buyer's Agent
Jacob Deacon
eXp Realty, LLC
List Price
$179,900
Sold Price
$178,000
Premium/Discount to List
-$1,900
-1.06%
Views
106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.26%
Original Mortgage
$124,600
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2022
Sold by
Choi Susan
Bought by
Heymon Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2022
Sold by
Nls Llc
Bought by
Choi Susan

Purchase Details

Closed on
May 17, 2022
Sold by
Nls Llc
Bought by
Choi Susan

Purchase Details

Closed on
Mar 29, 2022
Sold by
Tam Frances J
Bought by
Nls Llc

Purchase Details

Closed on
Mar 3, 2022
Sold by
Tam Frances J
Bought by
Nls Llc

Purchase Details

Closed on
Apr 21, 2017
Sold by
Tam Richard G and Tam Frances J
Bought by
Tam Frances J

Purchase Details

Closed on
May 10, 2016
Sold by
Tam Richard G and Tam Frances J
Bought by
Tam Frances J and Tam Frances
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
P & J Estates Llc -- None Listed On Document
Ibrahim Petra $178,000 Foundation Title
Heymon Properties Llc -- --
Choi Susan -- Hicks Robert A
Choi Susan -- Hicks Robert A
Nls Llc -- Slater Law Office Llc
Nls Llc $74,000 Slater Law Office Llc
Tam Frances J -- --
Tam Frances J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ibrahim Petra $124,600
Previous Owner Heymon Properties Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2025 03/31/25 Sold $178,000 +4.8% $216 / Sq Ft
03/08/2025 03/08/25 Pending -- -- --
02/28/2025 02/28/25 Price Changed $169,900 -5.6% $206 / Sq Ft
02/18/2025 02/18/25 For Sale $179,900 -- $219 / 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 $4,167 $194,500 $19,000 $175,500
2024 $3,885 $175,600 $19,000 $156,600
2023 $3,885 $160,100 $19,000 $141,100
2022 $956 $111,600 $19,000 $92,600
2021 $883 $106,500 $19,000 $87,500
2020 $648 $94,500 $17,500 $77,000
2019 $603 $89,500 $17,500 $72,000
2018 $534 $85,400 $17,500 $67,900
2017 $396 $80,900 $17,500 $63,400
2016 $298 $73,500 $17,500 $56,000
2014 $192 $66,700 $17,500 $49,200
2013 $252 $64,800 $17,500 $47,300
Source: Public Records

Agents Affiliated with this Home

  • Andy Ludlow

    Seller's Agent in 2025

    Andy Ludlow

    eXp Realty, LLC

    (317) 372-6147

    5 in this area

    192 Total Sales

    Andy Ludlow
    Section Image

  • J

    Buyer's Agent in 2025

    Jacob Deacon

    eXp Realty, LLC

    (317) 597-6450

    1 in this area

    78 Total Sales

    Jacob Deacon
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22022693

MIBOR Broker Listing Cooperative®

APN: 49-10-10-129-002.000-701

Indiana Marion County Indianapolis 46219 Irvington

5502 E Rawles Terrace, Indianapolis, IN

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® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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