NOT LISTED FOR SALE

5631 Central Ave Indianapolis, IN 46220

Meridian Kessler Neighborhood

Estimated Value: $438,000 - $1,116,026

3 Beds
1 Bath
2,120 Sq Ft
$400/Sq Ft Est. Value

Sale Details

Date Sold: September 28, 2020

Last sale price $460,000 $217 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,411 / mo

3 Days on Market

Highlights

  • 0.48 Acre Lot
  • 3 Car Detached Garage
  • Forced Air Heating System
  • 1 Fireplace
  • Entrance Foyer

About This Home

As of September 2020

A rare opportunity to own an incredible Victorian Cottage in the heart of Meridian Kessler owned and lovingly maintained by the same family for the past 50 years. Positioned in a coveted location walking distance to grocery stores, shops, restaurants and breweries. The large double lot features mature trees and gives an immediate sense of privacy upon entering the drive. The existing home is approximately 1,700 square feet with 3 bedrooms, and 1 bath. Restore the existing home to your standards, add to the home, build a carriage house, or design your dream home. Simply look at the other recently sold and currently under construction properties within this enclave of Meridian Kessler to truly understand the potential.

Last Agent to Sell the Property

Jay Pearl

Elevate 317 Realty LLC License #RB14043827 Listed on: 09/08/2020

Co-Listed By

Kevin McGauley

McGauley Realty, Inc. License #RB18001861

Last Buyer's Agent

Jason Sciortino

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,344

Year Built

  • Built in 1905

Lot Details

  • 20,996 Sq Ft Lot

Parking

  • 3 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Entrance Foyer
  • Gas Oven
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

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

Community Details

  • Light's Bellevue Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490601230009000801

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,344

Year Built

Built in 1905

Lot Details

0.48 Acres

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts&Crafts/Craftsman,Victorian
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1905
  • Co List Office Phone: 888-611-3912
  • Garage Y N: Yes
  • Lot Size Acres: 0.482
  • Subdivision Name: LIGHT'S BELLEVUE
  • Inspection Warranties: Not Applicable
  • Property Description: A rare opportunity to own an incredible Victorian Cottage in the heart of Meridian Kessler owned and lovingly maintained by the same family for the past 50 years. Positioned in a coveted location walking distance to grocery stores, shops, restaurants and breweries. The large double lot features mature trees and gives an immediate sense of privacy upon entering the drive. The existing home is approximately 1,700 square feet with 3 bedrooms, and 1 bath. Restore the existing home to your standards, add to the home, build a carriage house, or design your dream home. Simply look at the other recently sold and currently under construction properties within this enclave of Meridian Kessler to truly understand the potential.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Gas Oven
  • Levels: Two
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room,Non Functional
  • Fireplaces: 1
  • Interior Amenities: Attic Access,Attic Pull Down Stairs,Hardwood Floors,Windows Vinyl,Windows Wood,Wood Work Painted
  • Living Area: 2120
  • Other Equipment: Not Applicable
  • Room Count: 9
  • Areas Interior: Foyer Large
  • Eating Area: Formal Dining Room,Separate Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 1638
  • Main Level Sq Ft: 1152
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 2120
  • Below Grade Sq Ft: 482
  • Upper Level Sq Ft: 486
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • Foundation Details: Block,Partial
  • Association Maintained Building Exterior: 0
  • Porch: Covered Patio,Glass Enclosed Porch

Garage/Parking

  • Garage Spaces: 3
  • Fuel: Gas
  • Garage Parking Description: Detached
  • Garage Parking Other: Garage Door Opener

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • 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: 490601230009000801
  • Acres: 1/4-1/2 Acre
  • Lot Information: Sidewalks,Storm Sewer,Street Lights,Tree Mature
  • Lot Number: 34 & 35
  • Lot Size: 21,440

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 3344
  • Semi Annual Property Tax Amt: 1672
  • Tax Exemption: HomesteadTaxExemption,OtherTaxExemption/See Remarks

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2021
Sold by
Bought by
Current Estimated Value
$848,342

Purchase Details

Listed on
Sep 8, 2020
Closed on
Sep 25, 2020
Sold by
Bought by
Seller's Agent
Jay Pearl
Elevate 317 Realty LLC
Buyer's Agent
Jason Sciortino
F.C. Tucker Company
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$460,000 First American Title Insurance
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $548,200
Closed $167,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/28/2020 09/28/20 Sold $460,000 +2.2% $217 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $450,000 -- $212 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,467 $932,800 $61,300 $871,500
2024 $11,803 $773,000 $61,300 $711,700
2023 $11,803 $742,800 $61,300 $681,500
2022 $3,043 $493,900 $61,300 $432,600
2021 $1,859 $63,600 $63,600 $0
2020 $3,426 $277,800 $63,600 $214,200
2019 $3,490 $277,800 $63,600 $214,200
2018 $3,485 $275,000 $63,600 $211,400
2017 $3,061 $272,400 $63,600 $208,800
2016 $2,941 $267,900 $63,600 $204,300
2014 $3,206 $293,300 $63,600 $229,700
2013 $3,077 $293,300 $63,600 $229,700
Source: Public Records

Agents Affiliated with this Home

  • Jay Pearl

    Seller's Agent in 2020

    Jay Pearl

    Elevate 317 Realty LLC

    (317) 502-6385

    33 Total Sales

    Jay Pearl
    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Kevin McGauley

    McGauley Realty, Inc.

    (317) 502-6385

    10 Total Sales

    Kevin McGauley
    Section Image

  • J

    Buyer's Agent in 2020

    Jason Sciortino

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21737310

MIBOR Broker Listing Cooperative®

APN: 49-06-01-230-009.000-801

Indiana Marion County Indianapolis 46220 Meridian Kessler

5631 Central Ave, Indianapolis, IN

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® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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