NOT LISTED FOR SALE

5503 Mcfarland Rd Indianapolis, IN 46227

Edgewood Neighborhood

Estimated Value: $210,000 - $242,485

4 Beds
2 Baths
1,488 Sq Ft
$151/Sq Ft Est. Value

Last Sold July 09, 2015

Last sale price $71,000 $48 Per Sq Ft

Est. 216% increase in value since last sale

Current estimated payment $1,511/month

4 Days on Market

Highlights

  • Vaulted Ceiling
  • Covered Patio or Porch
  • Combination Kitchen and Dining Room
  • Ranch Style House
  • Forced Air Heating System
  • Garage

About This Home

As of July 2015

Must see this ranch with immense potential!! 4 bedrooms, large family room and separate living room, master bedroom is split from other 3 bedrooms, circular drive for easy access to Mcfarland, large detached garage with carport and plenty of parking. This home needs repairs and will be a great investment!!

Last Agent to Sell the Property

Kurt Clements

Diverse Property Solutions Ind License #RB14026683 Listed on: 05/22/2015

Last Buyer's Agent

Jenni Ruiz

J S Ruiz Realty, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 0.28

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,488 Sq Ft Home
  • Vaulted Ceiling
  • Combination Kitchen and Dining Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Garage
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • 0.28 Acre Lot

Community Details

  • Maryknoll Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491505104031000500

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2013
  • Year Built: 1961
  • Garage Y N: Yes
  • Lot Size Acres: 0.282
  • Subdivision Name: MARYKNOLL PARK
  • Inspection Warranties: General
  • Property Description: Must see this ranch with immense potential!! 4 bedrooms, large family room and separate living room, master bedroom is split from other 3 bedrooms, circular drive for easy access to Mcfarland, large detached garage with carport and plenty of parking. This home needs repairs and will be a great investment!!
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Amenities: Vaulted Ceiling(s)
  • Living Area: 1488
  • Other Equipment: Not Applicable
  • Room Count: 7
  • Areas Interior: Living Room Formal,Laundry Room Main Level
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1488
  • Main Level Sq Ft: 1488
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1488
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Bathroom Areas: 2.0000
  • Optional Level Below Grade: No Basement

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete
  • Foundation Details: Slab
  • List Price: 79900
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491505104031000500
  • Acres: 1/4-1/2 Acre
  • Lot Number: 1
  • Lot Size: .28

Tax Info

  • Tax Annual Amount: 2542
  • Semi Annual Property Tax Amt: 1271
  • Tax Exemption: None

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2024
Sold by
Conrex Resid Prop Grp 2013-6 O
Bought by
Vinebrook Homes Borrower 2 Llc
Current Estimated Value
$224,371

Purchase Details

Closed on
Jun 8, 2016
Sold by
Conrex Residential Property Group 2013-1
Bought by
Conrex Residential Property Group 2013-6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,200,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
May 22, 2015
Closed on
Jul 9, 2015
Sold by
Rekg Solutions Llc
Bought by
Conrex Residential Property Group 2013-1
Seller's Agent
Kurt Clements
Diverse Property Solutions Ind
Buyer's Agent
Jenni Ruiz
J S Ruiz Realty, Inc.
List Price
$79,900
Sold Price
$71,000
Premium/Discount to List
-$8,900
-11.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%

Purchase Details

Listed on
May 22, 2015
Closed on
May 15, 2015
Sold by
Wells Fargo Bank Na
Bought by
Rekg Solutions Llc
Seller's Agent
Kurt Clements
Diverse Property Solutions Ind
Buyer's Agent
Jenni Ruiz
J S Ruiz Realty, Inc.
List Price
$79,900
Sold Price
$71,000
Premium/Discount to List
-$8,900
-11.14%

Purchase Details

Closed on
Nov 14, 2014
Sold by
Bunch Richard and Bunch Dianna
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 1, 2005
Sold by
Myers Patrick W
Bought by
Bunch Richard and Bunch Dianna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.88%
Mortgage Type
New Conventional
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
Vinebrook Homes Borrower 2 Llc -- None Listed On Document
Conrex Residential Property Group 2013-6 -- None Available
Conrex Residential Property Group 2013-1 -- Attorney
Rekg Solutions Llc -- First American Title Ins Co
Wells Fargo Bank Na $96,491 None Available
Bunch Richard -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Conrex Residential Property Group 2013-6 $11,200,000
Previous Owner Bunch Richard $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2015 07/09/15 Sold $71,000 -11.1% $48 / Sq Ft
05/27/2015 05/27/15 Pending -- -- --
05/22/2015 05/22/15 For Sale $79,900 +58.2% $54 / Sq Ft
05/21/2015 05/21/15 Sold $50,519 -41.8% $34 / Sq Ft View Prior Sale
05/11/2015 05/11/15 Pending -- -- --
03/09/2015 03/09/15 Price Changed $86,800 -7.5% $58 / Sq Ft
01/12/2015 01/12/15 Price Changed $93,800 -4.9% $63 / Sq Ft
11/15/2014 11/15/14 For Sale $98,600 -- $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 $3,891 $145,700 $26,100 $119,600
2023 $3,891 $145,900 $26,100 $119,800
2022 $3,557 $132,200 $26,100 $106,100
2021 $3,122 $113,700 $26,100 $87,600
2020 $2,991 $108,200 $26,100 $82,100
2019 $2,736 $98,000 $16,800 $81,200
2018 $2,536 $91,500 $16,800 $74,700
2017 $2,631 $112,100 $16,800 $95,300
2016 $2,896 $105,200 $16,800 $88,400
2014 $2,534 $104,800 $16,800 $88,000
2013 -- $104,800 $16,800 $88,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kurt Clements

    Diverse Property Solutions Ind

    (888) 660-9202

    529 Total Sales

    Kurt Clements
    Section Image
  • Monica Klein

    Seller's Agent in 2015

    Monica Klein

    Dollens Real Estate, Inc

    (317) 850-7943

    3 in this area

    71 Total Sales

    Monica Klein
    Section Image

  • J

    Seller Co-Listing Agent in 2015

    Jeff Dollens

    Jeff Dollens LLC

    (317) 885-5330

    18 Total Sales

    Jeff Dollens
    Section Image

  • J

    Buyer's Agent in 2015

    Jenni Ruiz

    J S Ruiz Realty, Inc.

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21355253

MIBOR Broker Listing Cooperative®

APN: 49-15-05-104-031.000-500

Indiana Marion County Indianapolis 46227 Edgewood

5503 Mcfarland Rd, Indianapolis, IN

This home is located at 5503 Mcfarland Rd, Indianapolis, IN 46227 since 22 May 2015 and is currently estimated at $224,371, approximately $150 per square foot. This property was built in 1961. 5503 Mcfarland Rd is a home located in Marion County with nearby schools including Clinton Young Elementary School, Southport 6th Grade Academy, and Southport 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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