NOT LISTED FOR SALE

5840 Forest Ln Indianapolis, IN 46220

Meridian Kessler Neighborhood

Estimated Value: $573,000 - $629,000

3 Beds
2 Baths
3,245 Sq Ft
$189/Sq Ft Est. Value

Last Sold September 02, 2020

Last sale price $460,000 $142 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,729/month

2 Days on Market

Highlights

  • Arts and Crafts Architecture
  • Wood Frame Window
  • Woodwork
  • Formal Dining Room
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2020

Beautiful Forest Hills traditional, craftsman bungalow awaits! Airy front porch overlooking the pristine landscaping along Forest Lane, ideal space for conversation and entertaining. Large open-concept living room with beautiful fireplace centerpiece. Good size dining room with southern exposure, two bedrooms on main level with a full bath. Very large master and home office upstairs. Impeccable, finished basement with spacious laundry room, full bath, walk-in closet and tons of storage! Beautiful wood crown molding and hardwood floors throughout. Private backyard patio is the perfect at-home escape!

Last Agent to Sell the Property

Lisa Meulbroek

Liberty Real Estate, LLC. License #RB14026284 Listed on: 07/18/2020

Co-Listed By

Chris Meulbroek

Liberty Real Estate, LLC. License #RB14047727

Last Buyer's Agent

Michael Searight

F.C. Tucker Company License #RB14014707

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,088

Year Built

  • Built in 1925

Lot Details

  • 5,663 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Arts and Crafts Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1.5-Story Property
  • Woodwork
  • Wood Burning Fireplace
  • Wood Frame Window
  • Living Room with Fireplace
  • Formal Dining Room
  • Monitored

Kitchen

  • Gas Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Sump Pump
  • Basement Lookout

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Forest Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490601141140000801

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,088

Year Built

Built in 1925

Lot Details

5,663 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts&Crafts/Craftsman
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1925
  • Co List Office Phone: 866-973-6660
  • Garage Y N: Yes
  • Lot Size Acres: 0.13
  • Subdivision Name: FOREST HILLS
  • Inspection Warranties: General
  • Property Description: Beautiful Forest Hills traditional, craftsman bungalow awaits! Airy front porch overlooking the pristine landscaping along Forest Lane, ideal space for conversation and entertaining. Large open-concept living room with beautiful fireplace centerpiece. Good size dining room with southern exposure, two bedrooms on main level with a full bath. Very large master and home office upstairs. Impeccable, finished basement with spacious laundry room, full bath, walk-in closet and tons of storage! Beautiful wood crown molding and hardwood floors throughout. Private backyard patio is the perfect at-home escape!
  • Transaction Type: Sale
  • Accessibility Features YN: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Finished, Daylight/Lookout Windows
  • Appliances: Dishwasher, Gas Oven, Range Hood, Refrigerator
  • Levels: One and One Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Woodburning Fireplce
  • Fireplaces: 1
  • Interior Amenities: Windows Wood, Wood Work Stained
  • Living Area: 3245
  • Other Equipment: Security Alarm Monitored, Sump Pump
  • Room Count: 8
  • Areas Interior: Bedroom Other on Main,Living Room Formal
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1949
  • Main Level Sq Ft: 1296
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 3245
  • Kitchen Features: Kitchen Eat In,Kitchen Some Updates
  • Below Grade Sq Ft: 1296
  • Upper Level Sq Ft: 653
  • Pct Optional Level Finished: 75+%

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Concrete, Fence Full Rear
  • Foundation Details: Block
  • Association Maintained Building Exterior: 0
  • Porch: Open Patio,Covered Porch

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Gas
  • Garage Parking Description: Detached
  • Garage Parking Other: Garage Door Opener

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air, Humidifier
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Available,High Speed Internet Avail
  • Water Heater: Gas

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490601141140000801
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Storm Sewer,Street Lights,Tree Mature
  • Lot Number: 126
  • Lot Size: 60 x 101

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 4088
  • Semi Annual Property Tax Amt: 2044
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2020
Closed on
Sep 2, 2020
Sold by
Garber Chad M and Garber Kristin
Bought by
Chitwood Eric L
Seller's Agent
Lisa Meulbroek
Liberty Real Estate, LLC.
Buyer's Agent
Michael Searight
F.C. Tucker Company
List Price
$449,000
Sold Price
$460,000
Premium/Discount to List
$11,000
2.45%
Current Estimated Value
$612,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,129
Avg. Annual Appreciation
5.29%
Original Mortgage
$427,500
Outstanding Balance
$374,171
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$237,958

Purchase Details

Listed on
Apr 5, 2012
Closed on
May 25, 2012
Sold by
Wilde Elizabeth F
Bought by
Garber Chad M and Garber Kristin
Seller's Agent
Susan Ancona
F.C. Tucker Company
Buyer's Agent
John Stone
eXp Realty, LLC
List Price
$280,000
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$271,600
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2008
Sold by
Compton Beth A
Bought by
Wilde Elizabeth F and Sunset Hill Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chitwood Eric L $460,000 Title Services, Llc
Garber Chad M -- None Available
Wilde Elizabeth F -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chitwood Eric L $427,500
Previous Owner Garber Chad M $271,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/02/2020 09/02/20 Sold $460,000 +2.4% $142 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $449,000 +60.4% $138 / Sq Ft
05/25/2012 05/25/12 Sold $280,000 0.0% $86 / Sq Ft View Prior Sale
04/12/2012 04/12/12 Pending -- -- --
04/05/2012 04/05/12 For Sale $280,000 -- $86 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $6,533 $626,300 $65,700 $560,600
2024 $6,833 $538,900 $65,700 $473,200
2023 $6,833 $558,700 $65,700 $493,000
2022 $7,221 $563,000 $65,700 $497,300
2021 $6,068 $505,700 $44,500 $461,200
2020 $4,101 $340,500 $44,500 $296,000
2019 $4,184 $340,500 $44,500 $296,000
2018 $4,137 $333,700 $44,500 $289,200
2017 $3,509 $320,000 $44,500 $275,500
2016 $3,553 $332,100 $44,500 $287,600
2014 $3,452 $318,000 $44,500 $273,500
2013 $3,213 $308,600 $44,500 $264,100
Source: Public Records

Agents Affiliated with this Home

  • Lisa Meulbroek

    Seller's Agent in 2020

    Lisa Meulbroek

    Liberty Real Estate, LLC.

    (317) 372-5059

    1 in this area

    192 Total Sales

    Lisa Meulbroek
    Section Image

  • C

    Seller Co-Listing Agent in 2020

    Chris Meulbroek

    Liberty Real Estate, LLC.

    (317) 372-5059

    1 in this area

    169 Total Sales

    Chris Meulbroek
    Section Image

  • M

    Buyer's Agent in 2020

    Michael Searight

    F.C. Tucker Company

    (317) 294-6612

    2 in this area

    56 Total Sales

    Michael Searight
    Section Image

  • S

    Seller's Agent in 2012

    Susan Ancona

    F.C. Tucker Company

    (317) 332-8254

    1 in this area

    35 Total Sales

    Susan Ancona
    Section Image

  • J

    Buyer's Agent in 2012

    John Stone

    eXp Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21725717

MIBOR Broker Listing Cooperative®

APN: 49-06-01-141-140.000-801

Indiana Marion County Indianapolis 46220 Meridian Kessler

5840 Forest Ln, Indianapolis, IN

Not Listed for Sale

Detached

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Based on information submitted to the MLS GRID

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