NOT LISTED FOR SALE

5561 W 56th St Indianapolis, IN 46254

Snacks/Guion Creek Neighborhood

Estimated Value: $200,000 - $277,051

3 Beds
2 Baths
1,300 Sq Ft
$183/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $110,000 $85 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,699/month

3 Days on Market

Highlights

  • Guest House
  • Wood Frame Window
  • Programmable Thermostat
  • 0.83 Acre Lot
  • Eat-In Kitchen
  • 1-Story Property

About This Home

As of February 2020

So many updates & opportunities come with this multi-functioning property. Main home (960 sqft), also has private entrance studio apt w/full bath & kitchenette for possible rental or in-law suite. Make this property into a multi investment & rent main home, over-sized garage, & apt. Home has over-sized (576 sq ft) work/storage garage with 12'x9' auto garage door, along with additional attached one car garage. Updates include gas furnace(2017), water heater(2019), refrigerator(2016), 11'x30' deck(2016) enclosed w/6ft privacy fence courtyard, & AC(2012). You will love the beautiful brick accent walls & ceramic tile floors/walls. Property has paved asphalt to accommodate over 20 vehicles! Quick access to Eagle Creek, 65, 465, and Broad Ripple.

Last Agent to Sell the Property

Corey Batt

F.C. Tucker Company License #RB18000480 Listed on: 12/27/2019

F.C. Tucker Company

Last Buyer's Agent

Thomas Nguyen

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,162

Year Built

  • Built in 1951

Lot Details

  • 0.83

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Gas Water Heater
  • Septic Tank

Additional Features

  • Outdoor Storage
  • 0.83 Acre Lot
  • Guest House

Listing and Financial Details

  • Assessor Parcel Number 490512131015000600

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,162

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow/Shotgun
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1951
  • Garage Y N: Yes
  • Lot Size Acres: 0.83
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: So many updates & opportunities come with this multi-functioning property. Main home (960 sqft), also has private entrance studio apt w/full bath & kitchenette for possible rental or in-law suite. Make this property into a multi investment & rent main home, over-sized garage, & apt. Home has over-sized (576 sq ft) work/storage garage with 12'x9' auto garage door, along with additional attached one car garage. Updates include gas furnace(2017), water heater(2019), refrigerator(2016), 11'x30' deck(2016) enclosed w/6ft privacy fence courtyard, & AC(2012). You will love the beautiful brick accent walls & ceramic tile floors/walls. Property has paved asphalt to accommodate over 20 vehicles! Quick access to Eagle Creek, 65, 465, and Broad Ripple.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dryer, Gas Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Attic Pull Down Stairs, Windows Wood
  • Living Area: 1300
  • Other Equipment: Programmable Thermostat
  • Room Count: 6
  • Areas Interior: In-Law Quarters,Laundry Room Main Level
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1300
  • Main Level Sq Ft: 1300
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1300
  • Kitchen Features: Kitchen Eat In

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Carriage/Guest House, Driveway Asphalt, Storage
  • Foundation Details: Crawl Space, Slab
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level,Covered Patio

Garage/Parking

  • Garage Spaces: 3
  • Fuel: Gas
  • Garage Parking Description: Attached,Multiple Garages,Other
  • Garage Parking Other: Garage Door Opener,Finished Garage,Heated,Keyless Entry,Service Door

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 1
  • Utility Options: Gas Connected,Municipal Sewer Available
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490512131015000600
  • Acres: 1/2-1 Acre
  • Lot Information: Corner,Not In Subdivision
  • Lot Number: 1
  • Lot Size: 36569

Green Features

  • Green Certification Y N: 0
  • Smart Home Features: Thermostat - Programmable,Thermostat - WiFi

Tax Info

  • Tax Annual Amount: 1162
  • Semi Annual Property Tax Amt: 581
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Pike Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2019
Closed on
Feb 5, 2020
Sold by
Farris Sabrina S
Bought by
Shaukat Saad and Ali Imad S
Seller's Agent
Corey Batt
F.C. Tucker Company
Buyer's Agent
Thomas Nguyen
F.C. Tucker Company
List Price
$138,900
Sold Price
$110,000
Premium/Discount to List
-$28,900
-20.81%
Current Estimated Value
$237,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,763
Avg. Annual Appreciation
14.40%
Original Mortgage
$60,000
Outstanding Balance
$53,126
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$184,637

Purchase Details

Closed on
Jun 1, 2016
Sold by
Powell Judith K and Powell Terri L
Bought by
Powell Judith K and Terri L Powell Special Needs Trust
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
Shaukat Saad $110,000 Title Services, Llc
Powell Judith K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaukat Saad $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $110,000 -20.8% $85 / Sq Ft
12/31/2019 12/31/19 Pending -- -- --
12/27/2019 12/27/19 For Sale $138,900 -- $107 / 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 $5,459 $274,400 $29,000 $245,400
2023 $5,459 $261,100 $29,000 $232,100
2022 $4,264 $182,500 $29,000 $153,500
2021 $4,065 $192,100 $48,200 $143,900
2020 $1,471 $125,400 $48,200 $77,200
2019 $1,443 $123,300 $48,200 $75,100
2018 $1,335 $114,300 $48,200 $66,100
2017 $1,314 $113,600 $48,200 $65,400
2016 $1,117 $106,400 $48,200 $58,200
2014 $813 $99,200 $48,200 $51,000
2013 $816 $99,200 $48,200 $51,000
Source: Public Records

Agents Affiliated with this Home

  • Corey Batt

    Seller's Agent in 2020

    Corey Batt

    F.C. Tucker Company

    (317) 331-5200

    69 Total Sales

    Corey Batt
    Section Image

  • T

    Buyer's Agent in 2020

    Thomas Nguyen

    F.C. Tucker Company

    Section Image

  • M

    Buyer Co-Listing Agent in 2020

    Mubashir Sheikh

    F.C. Tucker Company

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21686445

MIBOR Broker Listing Cooperative®

APN: 49-05-12-131-015.000-600

Indiana Marion County Indianapolis 46254 Snacks/Guion Creek

5561 W 56th St, Indianapolis, IN

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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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