NOT LISTED FOR SALE

5502 Lippan Way Indianapolis, IN 46221

Valley Mills Neighborhood

Estimated Value: $206,000 - $228,000

3 Beds
2 Baths
1,196 Sq Ft
$183/Sq Ft Est. Value

Last Sold November 20, 2012

Last sale price $67,500 $56 Per Sq Ft

Est. 223% increase in value since last sale

Current estimated payment $1,414/month

42 Days on Market

About This Home

As of November 2012

THIS RANCH STYLE HOME HAS 3 BEDROOMS, 2 FULL BATHS, AND A 2 CAR ATTACHED GARAGE. HOME FEATURES VAULTED CEILINGS, A MASTER SUITE WITH WALK IN CLOSET, SPACIOUS GREAT ROOM, AND AN EAT IN KITCHEN. HOME IS ON A CUL-DE-SAC WITH .18 ACRES AND HAS A NICE WOOD DECK OVERLOOKING A POND.

Last Agent to Sell the Property

Dennis Nottingham

RE/MAX Advanced Realty License #RB14027621 Listed on: 08/22/2012

RE/MAX Advanced Realty

Co-Listed By

Christopher Williams

Last Buyer's Agent

Bob Sargent

Sargent Realty Group LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $866

Year Built

  • 1999

Lot Details

  • 7,841

HOA Fees

  • $15 per month

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$866

Year Built

1999

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inspection Warranties: SeeRemarks
  • Transaction Type: Sale
  • Website: www.indyhomepros.com
  • Architectural Style: Ranch
  • Directions: TAKE I-465 TO MANN RD EXIT # 7. TURN SOUTH ON MANN RD. TURN WEST ON MILLS RD. TURN SOUTH ON DEVINNEY DR/ANTERO LN. TURN EAST ON ALCOTT LN. TURN SOUTH ON DEVINNEY LN. TURN EAST ON LIPPAN WAY.
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: PHEASANT RUN
  • Special Features: None
  • Year Built: 1999

Interior Features

  • Appliances: None
  • Eating Area: Eat In Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1196
  • Main Level Sq Ft: 1196
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Bathroom Areas: 2.0000
  • Optional Level Below Grade: No Basement
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Vaulted Ceiling(s), Walk-in Closet(s)
  • Other Equipment: Not Applicable

Exterior Features

  • Foundation Details: Slab
  • Association Maintained Building Exterior: 0
  • Construction Type: Brick, Vinyl Siding
  • Disclosures: BankOwned

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 2 Car Attached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Solid Waste: 0
  • Water Heater: Gas
  • Sewer: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 180
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Maintenance, Snow Removal

Lot Info

  • Acres: <1/4 Acre
  • Lot Number: 451
  • Lot Size: 63X110

Tax Info

  • Semi Annual Property Tax Amt: 433
  • Tax Exemption: HmsdTaxExpFiledNotReflected,MortageTaxExemption
  • Tax Annual Amount: 866
  • Tax Year: 2012

MLS Schools

  • School District: Decatur Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2012
Closed on
Nov 21, 2012
Sold by
Fannie Mae and Federal National Mortgage Association
Bought by
Walker John
Seller's Agent
Dennis Nottingham
RE/MAX Advanced Realty
Buyer's Agent
Bob Sargent
Sargent Realty Group LLC
List Price
$67,500
Sold Price
$67,500
Total Days on Market
42
Current Estimated Value
$218,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,833
Avg. Annual Appreciation
9.75%
Original Mortgage
$66,276
Outstanding Balance
$46,688
Interest Rate
3.35%
Mortgage Type
FHA
Estimated Equity
$169,961

Purchase Details

Listed on
Aug 22, 2012
Closed on
Nov 20, 2012
Sold by
Federal National Mortgage Association
Bought by
Walker John
Seller's Agent
Dennis Nottingham
RE/MAX Advanced Realty
Buyer's Agent
Bob Sargent
Sargent Realty Group LLC
List Price
$67,500
Sold Price
$67,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,276
Outstanding Balance
$46,688
Interest Rate
3.35%
Mortgage Type
FHA
Estimated Equity
$169,961

Purchase Details

Closed on
Aug 20, 2012
Sold by
Woods Elizabeth J
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
May 31, 2005
Sold by
Perry Real Estate Llc
Bought by
Woods Elizabeth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,520
Interest Rate
5.91%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Walker John -- --
Walker John $67,500 --
Fannie Mae $70,000 None Available
Woods Elizabeth J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker John $66,276
Previous Owner Woods Elizabeth J $77,520
Previous Owner Woods Elizabeth J $19,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2012 11/20/12 Sold $67,500 0.0% $56 / Sq Ft
10/04/2012 10/04/12 Pending -- -- --
08/22/2012 08/22/12 For Sale $67,500 -- $56 / 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 $2,091 $205,500 $12,100 $193,400
2023 $2,091 $181,600 $12,100 $169,500
2022 $1,862 $160,500 $12,100 $148,400
2021 $1,722 $145,700 $12,100 $133,600
2020 $1,462 $131,600 $12,100 $119,500
2019 $1,406 $119,400 $12,100 $107,300
2018 $1,304 $111,900 $12,100 $99,800
2017 $1,294 $110,600 $12,100 $98,500
2016 $1,217 $104,300 $12,100 $92,200
2014 $998 $92,400 $12,100 $80,300
2013 $906 $87,700 $12,100 $75,600
Source: Public Records

Agents Affiliated with this Home

  • Dennis Nottingham

    Seller's Agent in 2012

    Dennis Nottingham

    RE/MAX Advanced Realty

    (317) 298-0961

    155 Total Sales

    Dennis Nottingham
    Section Image

  • C

    Seller Co-Listing Agent in 2012

    Christopher Williams

  • Bob Sargent

    Buyer's Agent in 2012

    Bob Sargent

    Sargent Realty Group LLC

    (317) 695-3805

    1 in this area

    134 Total Sales

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21193151

MIBOR Broker Listing Cooperative®

APN: 49-13-12-100-027.000-200

Indiana Marion County Indianapolis 46221 Valley Mills

5502 Lippan Way, Indianapolis, IN

This home is located at 5502 Lippan Way, Indianapolis, IN 46221 since 22 August 2012 and is currently estimated at $218,333, approximately $182 per square foot. This property was built in 1999. 5502 Lippan Way is a home located in Marion County with nearby schools including Gold 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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