NOT LISTED FOR SALE

5656 Madison Ave Indianapolis, IN 46227

Edgewood Neighborhood

Estimated Value: $212,000 - $258,000

3 Beds
2 Baths
2,016 Sq Ft
$113/Sq Ft Est. Value

Last Sold March 19, 2019

Last sale price $136,000 $67 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $1,466/month

10 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • 1-Story Property
  • Covered patio or porch
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System

About This Home

As of March 2019

Beautifully Maintained 3 bedroom 2 full bath Ranch with Huge 3 car garage! Featuring new carpet in main living area, original hardwood floors in 2 bedrooms upstairs, new carpet in 3rd bedroom downstairs, and full basement (partially finished). New paint throughout and lots of storage. All appliances stay.

Last Agent to Sell the Property

Neil Goradia

Market Street Realty LLC License #RB17001290 Listed on: 01/25/2019

Last Buyer's Agent

Ngun Til

Landtree, REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $786

Year Built

  • Built in 1955

Lot Details

  • 9,583

Parking

  • 3 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Eat-In Kitchen
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Covered patio or porch
  • 9,583 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 491506147007000500

Home Details

Home Type

Single Family

Est. Annual Taxes

$786

Year Built

Built in 1955

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: 1955
  • Garage Y N: No
  • Lot Size Acres: 0.22
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Not Applicable
  • Property Description: Beautifully Maintained 3 bedroom 2 full bath Ranch with Huge 3 car garage! Featuring new carpet in main living area, original hardwood floors in 2 bedrooms upstairs, new carpet in 3rd bedroom downstairs, and full basement (partially finished). New paint throughout and lots of storage. All appliances stay.
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Dishwasher,Microwave,Electric Oven,Refrigerator
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors
  • Living Area: 2016
  • Other Equipment: Not Applicable
  • Room Count: 6
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 1008
  • Main Level Sq Ft: 1008
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 2016
  • Kitchen Features: Kitchen Eat In
  • Below Grade Sq Ft: 1008
  • Upper Level Sq Ft: 0
  • Pct Optional Level Finished: 25-50%
  • Optional Level Below Grade: Basement

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Corporate Owned
  • Foundation Details: Block
  • List Price: 135000
  • Association Maintained Building Exterior: 0
  • Porch: Covered Porch

Garage/Parking

  • Garage Spaces: 3
  • Fuel: Electric,Gas
  • Garage Parking Description: Detached

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: Electric

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491506147007000500
  • Acres: <1/4 Acre
  • Lot Number: 0
  • Lot Size: 0.22 AC

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 786
  • Semi Annual Property Tax Amt: 393
  • Tax Exemption: None

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
Mar 19, 2019
Sold by
Mung Mu
Bought by
Mung To Mu and Dim Niang
Seller's Agent
Neil Goradia
Market Street Realty LLC
Buyer's Agent
Ngun Til
Landtree, REALTORS®
List Price
$135,000
Sold Price
$136,000
Premium/Discount to List
$1,000
0.74%
Current Estimated Value
$228,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,437
Avg. Annual Appreciation
7.61%
Original Mortgage
$133,536
Outstanding Balance
$118,478
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$98,635

Purchase Details

Closed on
Oct 26, 2018
Sold by
Wilson John Harold
Bought by
Sfres1 Llc

Purchase Details

Listed on
May 2, 2012
Closed on
Jun 29, 2012
Sold by
Fannie Mae
Bought by
Wilson John Harold
Seller's Agent
Lana Detro
Ala Carte Realty
Buyer's Agent
Lana Detro
Ala Carte Realty
List Price
$43,500
Sold Price
$43,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.06%
Original Mortgage
$34,800
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2011
Sold by
Jenkins Mary K and Bank Of America N A
Bought by
Fannie Mae and Federal National Mortgage Association
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
Mung To Mu $136,000 Investors Title Service
Mung Mu $136,000 Investors Title
Sfres1 Llc $70,000 Hocker And Associates
Wilson John Harold $43,500 None Available
Fannie Mae $52,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mung Mu $133,536
Previous Owner Wilson John Harold $37,000
Previous Owner Wilson John Harold $34,800
Previous Owner Jenkins Mary K $121,500
Previous Owner Jenkins Maryt K $101,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2019 03/19/19 Sold $136,000 +0.7% $67 / Sq Ft
02/05/2019 02/05/19 Pending -- -- --
01/25/2019 01/25/19 For Sale $135,000 +210.3% $67 / Sq Ft
06/29/2012 06/29/12 Sold $43,500 0.0% $22 / Sq Ft
05/10/2012 05/10/12 Pending -- -- --
05/02/2012 05/02/12 For Sale $43,500 -- $22 / 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 $2,445 $208,100 $11,800 $196,300
2023 $2,445 $187,800 $11,800 $176,000
2022 $2,273 $169,400 $11,800 $157,600
2021 $2,072 $153,300 $11,800 $141,500
2020 $1,963 $145,000 $11,800 $133,200
2019 $1,876 $138,800 $10,000 $128,800
2018 $1,710 $129,600 $10,000 $119,600
2017 $1,571 $123,000 $10,000 $113,000
2016 $1,407 $113,900 $10,000 $103,900
2014 $710 $88,200 $10,000 $78,200
2013 $777 $92,100 $10,000 $82,100
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2019

    Neil Goradia

    Market Street Realty LLC

    (317) 446-7654

    49 Total Sales

    Section Image

  • N

    Buyer's Agent in 2019

    Ngun Til

    Landtree, REALTORS®

    Section Image
  • Lana Detro

    Seller's Agent in 2012

    Lana Detro

    Ala Carte Realty

    (317) 509-6797

    66 Total Sales

    Section Image

  • T

    Seller Co-Listing Agent in 2012

    Toni Schaney

    Schaney Realty Group

    (317) 407-0451

    2 Total Sales

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21616172

MIBOR Broker Listing Cooperative®

APN: 49-15-06-147-007.000-500

Indiana Marion County Indianapolis 46227 Edgewood

5656 Madison Ave, Indianapolis, IN

This home is located at 5656 Madison Ave, Indianapolis, IN 46227 since 25 January 2019 and is currently estimated at $228,437, approximately $113 per square foot. This property was built in 1955. 5656 Madison Ave is a home located in Marion County with nearby schools including Homecroft 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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