$422,000 - $425,000
RENTED FEB 18, 2025

5550 N College Ave Indianapolis, IN 46220

Meridian Kessler Neighborhood
2 Beds
1 Bath
1,152 Sq Ft
$368 Price per Sq Ft

Last Sold January 03, 2020

Last sale price $285,000 $247 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,826/month

Highlights

  • Craftsman Architecture
  • No HOA
  • Forced Air Heating System
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of February 2025

This 2 bed 1 bath half duplex in Broad Ripple is perfectly situated to embrace the best of city living while maintaining a peaceful sanctuary. The bedrooms are spacious and inviting, offering a peaceful escape at the end of the day. Enjoy the convenience of nearby cafes, shops, and parks, all while having a retreat. Commuting is a breeze with easy access to major routes, making your daily journey a stress-free experience. Don't miss the opportunity to make this charming urban retreat your own. Don't just rent a property; seize the opportunity to rent a chapter of your life. Short term lease is available at increased rate.

Last Agent to Rent the Property

Daniel Baldini

Polaris Real Estate Group, INC Brokerage Email: dan@polarismanage.com License #RB14027484 Listed on: 02/18/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 6,578

Parking

  • Aggregate Flooring

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Window Screens
  • Family Room with Fireplace
  • Basement

Kitchen

  • Electric Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • 6,578 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Birchards Subdivision
  • Property managed by POLARIS PROPERTY MANAGEMENT, LLC

Listing and Financial Details

  • Security Deposit $1,255
  • Property Available on 3/16/25
  • Tenant pays for all utilities, insurance, lawncare
  • The owner pays for trash collection
  • 12-Month Minimum Lease Term
  • $99 Application Fee
  • Assessor Parcel Number 490612173005000801

Home Details

Home Type

Single Family

Year Built

Built in 1920 | Remodeled

Lot Details

0

Rental Info

  • Available Date: 2025-03-16
  • Lease Amount: 1255
  • Lease Term: 12 Months,18 Months,6 Months,Negotiable
  • Tenant Pays: All Utilities, Insurance, Lawncare
  • Min Lease Req: 4
  • Pet Deposit: 0
  • Security Deposit: 1255
  • Smoking: No
  • Application Fee: 99
  • Pet Deposit Refundable Y N: Yes
  • Security Deposit Refundable Y N: Yes
  • Application Website: https://polaris.twa.rentmanager.com/applynow

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Craftsman
  • Property Type: Residential Lease
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1920
  • Building Area Total: 1728
  • Garage Y N: No
  • Lot Size Acres: 0.15
  • Subdivision Name: Birchards
  • Transaction Type: Lease
  • Accessibility Features YN: No
  • MBR_AttributionContact: dan@polarismanage.com
  • Attribution Contact: dan@polarismanage.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Appliances: Dishwasher, Dryer, Disposal, Gas Water Heater, Kitchen Exhaust, Microwave, Electric Oven, Refrigerator, Washer
  • Levels: Two
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Furnished: Unfurnished
  • Interior Amenities: Hardwood Floors, Screens Complete
  • Living Area: 1152
  • Owner Pays: Trash Collection
  • Areas Interior: Laundry in Unit
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Main Level Sq Ft: 576
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 576
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block
  • List Price: 1255
  • Patio And Porch Features: Covered Porch
  • Property Condition: Updated/Remodeled
  • View Y N: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Aggregate
  • Garage Sq Ft: 0

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No
  • Pets Allowed: W/Approval
  • Property Management Company: POLARIS PROPERTY MANAGEMENT, LLC
  • Property Management Company Contact: DAN BALDINI
  • Property Management Company Email: DAN@POLARISMANAGE.COM
  • Property Management Company Phone: 317-714-0365

Lot Info

  • Property Attached Yn: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 6578
  • Parcel Number: 490612173005000801
  • Acres: <1/4 Acre
  • Price Acre: 8367

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 6832
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 3416

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2019
Closed on
Jan 3, 2020
Sold by
Farrell-Downham Properties Llc
Bought by
Pace Charles and Pace Kendra
Seller's Agent
Julie Getty-Downham
Berkshire Hathaway Home
Buyer's Agent
Helen Metken
F.C. Tucker Company
List Price
$299,900
Sold Price
$285,000
Premium/Discount to List
-$14,900
-4.97%
Current Estimated Value
$423,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,500
Avg. Annual Appreciation
7.11%
Original Mortgage
$187,050
Outstanding Balance
$165,266
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$258,234

Purchase Details

Listed on
Nov 7, 2019
Closed on
Nov 29, 2019
Sold by
Farrell Michael R and Farrell Ellen M
Bought by
Farrell-Downham Properties Llc
Seller's Agent
Julie Getty-Downham
Berkshire Hathaway Home
Buyer's Agent
Helen Metken
F.C. Tucker Company
List Price
$299,900
Sold Price
$285,000
Premium/Discount to List
-$14,900
-4.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,050
Outstanding Balance
$165,266
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$258,234

Purchase Details

Closed on
May 26, 2006
Sold by
Farrell Downham Properties Llc
Bought by
Farrell Michael R and Farrell Ellen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pace Charles $295,000 Krieg Devault Llp
Farrell-Downham Properties Llc -- None Available
Farrell Michael R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pace Charles $187,050
Previous Owner Farrell Michael R $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2025 02/18/25 Rented $1,255 0.0% --
02/18/2025 02/18/25 Under Contract -- -- --
02/18/2025 02/18/25 For Rent $1,255 +5.0% --
03/07/2024 03/07/24 Rented $1,195 0.0% --
02/28/2024 02/28/24 For Rent $1,195 0.0% --
02/09/2024 02/09/24 Rented $1,195 0.0% --
11/27/2023 11/27/23 Price Changed $1,195 -7.7% $1 / Sq Ft
11/05/2023 11/05/23 For Rent $1,295 0.0% --
11/04/2023 11/04/23 Rented $1,295 0.0% --
10/23/2023 10/23/23 Price Changed $1,295 -2.6% $1 / Sq Ft
10/03/2023 10/03/23 Price Changed $1,330 -3.6% $1 / Sq Ft
09/19/2023 09/19/23 Price Changed $1,380 -3.5% $1 / Sq Ft
09/05/2023 09/05/23 Price Changed $1,430 -3.4% $1 / Sq Ft
08/01/2023 08/01/23 For Rent $1,480 0.0% --
12/06/2022 12/06/22 Rented $1,480 0.0% --
12/06/2022 12/06/22 For Rent $1,480 +14.3% --
12/03/2021 12/03/21 Rented -- -- --
12/02/2021 12/02/21 Under Contract -- -- --
12/02/2021 12/02/21 For Rent -- -- --
10/14/2021 10/14/21 Off Market -- -- --
10/14/2021 10/14/21 For Rent $1,295 0.0% --
01/03/2020 01/03/20 Sold $285,000 -5.0% $247 / Sq Ft View Prior Sale
11/22/2019 11/22/19 Pending -- -- --
11/07/2019 11/07/19 For Sale $299,900 -- $260 / 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 $6,970 $311,800 $47,200 $264,600
2023 $6,970 $288,000 $47,200 $240,800
2022 $7,571 $288,000 $47,200 $240,800
2021 $6,891 $292,900 $39,900 $253,000
2020 $6,729 $284,900 $39,900 $245,000
2019 $6,855 $284,900 $39,900 $245,000
2018 $5,660 $232,300 $39,900 $192,400
2017 $5,014 $230,300 $39,900 $190,400
2016 $4,807 $225,500 $39,900 $185,600
2014 $4,754 $219,700 $39,900 $179,800
2013 $4,973 $211,200 $39,900 $171,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2025

    Daniel Baldini

    Polaris Real Estate Group, INC

    (317) 749-2766

    20 Total Sales

    Daniel Baldini
    Section Image
  • Julie Getty-Downham

    Seller's Agent in 2020

    Julie Getty-Downham

    Berkshire Hathaway Home

    (317) 710-6696

    2 in this area

    342 Total Sales

    Julie Getty-Downham
    Section Image

  • H

    Buyer's Agent in 2020

    Helen Metken

    F.C. Tucker Company

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22022701

MIBOR Broker Listing Cooperative®

APN: 49-06-12-173-005.000-801

Indiana Marion County Indianapolis 46220 Meridian Kessler

5550 N College Ave, Indianapolis, IN

This home is located at 5550 N College Ave, Indianapolis, IN 46220 since 18 February 2025 and is currently priced at $423,500. This property was built in 1920. 5550 N College Ave is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Robert Lee Frost School 106, and Arsenal Technical 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.

Nearby Homes