NOT LISTED FOR SALE

5536 W 16th St Indianapolis, IN 46224

Estimated Value: $300,459 - $341,000

4 Beds
2.5 Baths
2,697 Sq Ft
$118/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $206,000 $76 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,095/month

1 Day on Market

Highlights

  • Fireplace in Kitchen
  • Traditional Architecture
  • Wood Frame Window
  • Speedway Junior High School Rated A
  • Wood Flooring
  • 2 Car Detached Garage

About This Home

As of April 2020

This 4 bedrm 2.5 bath home offers charm & character along w/recent updates. Details to appreciate are gleaming hardwood floors on main level, crown molding, arched doorways & brick gas frplc. Ample sized living & dining rm, spacious kitchen w/crisp white cabinets, brick frplc & breakfast nook; a multi-functional space that could also be used as a hearth rm, 4 bedrms + 1.5 baths complete the main level. Finished bsmt adds family activity space w/family rm, office; ideal flex space for exercise/play/craft rm, full bath + tons of storage! Lovely patio, perfect for grilling or relaxing while enjoying mature landscape. Desirable Speedway location w/easy commute to airport, downtown Indy & only minutes away from Speedway's exciting Main St.

Last Agent to Sell the Property

Eric Forney

Keller Williams Indy Metro S License #RB14051770 Listed on: 03/18/2020

Keller Williams Indy Metro S

Co-Listed By

Thomas Weaver

Trueblood Real Estate License #RB18001204

Last Buyer's Agent

Jennifer Broida

Cottingham Realty, Appraisal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,712

Year Built

  • Built in 1940

Lot Details

  • 7,144 Sq Ft Lot
  • Partially Fenced Property

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Block Foundation
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,697 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Gas Log Fireplace
  • Vinyl Clad Windows
  • Bay Window
  • Wood Frame Window
  • Wood Flooring
  • Attic Access Panel

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Laundry in Basement
  • Basement Lookout

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Water Purifier

Community Details

  • Schloss Home Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490536118010000914

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,712

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow/Shotgun, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1940
  • Co List Office Phone: 317-564-7100
  • Garage Y N: Yes
  • Lot Size Acres: 0.164
  • Subdivision Name: SCHLOSS HOME PLACE
  • Inspection Warranties: Not Applicable
  • Property Description: This 4 bedrm 2.5 bath home offers charm & character along w/recent updates. Details to appreciate are gleaming hardwood floors on main level, crown molding, arched doorways & brick gas frplc. Ample sized living & dining rm, spacious kitchen w/crisp white cabinets, brick frplc & breakfast nook; a multi-functional space that could also be used as a hearth rm, 4 bedrms + 1.5 baths complete the main level. Finished bsmt adds family activity space w/family rm, office; ideal flex space for exercise/play/craft rm, full bath + tons of storage! Lovely patio, perfect for grilling or relaxing while enjoying mature landscape. Desirable Speedway location w/easy commute to airport, downtown Indy & only minutes away from Speedway's exciting Main St.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Finished, Daylight/Lookout Windows
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Gas Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Kitchen
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Hardwood Floors, Window Bay Bow, Windows Vinyl, Windows Wood, Wood Work Painted
  • Living Area: 2697
  • Other Equipment: CO Detectors, Smoke Detector, Programmable Thermostat, Water Purifier, Water-Softener Owned
  • Room Count: 9
  • Areas Interior: Laundry in Basement
  • Eating Area: Breakfast Room,Formal Dining Room
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1537
  • Main Level Sq Ft: 1537
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Total Sq Ft: 2697
  • Kitchen Features: Kitchen Updated
  • Below Grade Sq Ft: 1160
  • Pct Optional Level Finished: 50-75%

Exterior Features

  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Asphalt, Fence Partial
  • Foundation Details: Block, Block
  • List Price: 220000
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Detached
  • Garage Parking Other: Garage Door Opener,Guest Parking Premises,Service Door

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Cable Available,Gas Connected,High Speed Internet Avail
  • Water Heater: Electric

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490536118010000914
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Street Lights,Tree Mature,Trees Small
  • Lot Number: 288
  • Lot Size: 7,144

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1712
  • Semi Annual Property Tax Amt: 856
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption,OtherTaxExemption/See Remarks

MLS Schools

  • School District: Speedway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
Apr 24, 2020
Sold by
Elliott Kelly and Elliott David
Bought by
Graves Randall T and Graves Renee A
Seller's Agent
Eric Forney
Keller Williams Indy Metro S
Buyer's Agent
Jennifer Broida
Cottingham Realty, Appraisal
List Price
$209,900
Sold Price
$206,000
Premium/Discount to List
-$3,900
-1.86%
Current Estimated Value
$321,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,190
Avg. Annual Appreciation
8.80%
Original Mortgage
$185,400
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2016
Closed on
Aug 12, 2016
Sold by
Flynn Nicolle C
Bought by
Haltom Kelly and Elliott David
Seller's Agent
Glenn Lewzader
Carpenter, REALTORS®
Buyer's Agent
Eric Forney
Keller Williams Indy Metro W
List Price
$159,900
Sold Price
$156,000
Premium/Discount to List
-$3,900
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Original Mortgage
$153,174
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 2005
Sold by
Gercak Vincent A and Gercak Tracy A
Bought by
Freeman Steven W and Freeman Nicolle C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,441
Interest Rate
5.78%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Graves Randall T $206,000 Meridian Title Corporation
Haltom Kelly -- Mtc
Freeman Steven W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graves Randall T $182,400
Closed Graves Randall T $185,400
Previous Owner Haltom Kelly $153,174
Previous Owner Freeman Steven W $110,433
Previous Owner Freeman Steven W $118,441
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold $206,000 -6.4% $76 / Sq Ft
03/19/2020 03/19/20 Pending -- -- --
03/19/2020 03/19/20 Price Changed $220,000 +4.8% $82 / Sq Ft
03/18/2020 03/18/20 For Sale $209,900 +34.6% $78 / Sq Ft
08/12/2016 08/12/16 Sold $156,000 -2.4% $58 / Sq Ft
06/24/2016 06/24/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $159,900 -- $59 / 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 $4,047 $327,300 $12,300 $315,000
2023 $4,047 $319,800 $12,300 $307,500
2022 $3,959 $307,300 $12,300 $295,000
2021 $3,028 $237,900 $12,300 $225,600
2020 $1,913 $156,400 $12,300 $144,100
2019 $1,699 $141,500 $12,300 $129,200
2018 $1,711 $140,300 $12,300 $128,000
2017 $1,586 $137,000 $12,300 $124,700
2016 $1,476 $129,300 $12,300 $117,000
2014 $1,335 $122,100 $12,300 $109,800
2013 $1,226 $116,800 $12,300 $104,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21699234

MIBOR Broker Listing Cooperative®

APN: 49-05-36-118-010.000-914