NOT LISTED FOR SALE

5855 W 16th St Indianapolis, IN 46224

Estimated Value: $373,000 - $527,192

1.25 Acres
$353,238 Price per Acre
54,450 Sq Ft Lot

Last Sold December 17, 2014

Last sale price $45,000

Est. 881% increase in value since last sale

Current estimated payment $2,886/month

16 Days on Market

About This Lot

As of December 2014

Walk the lot and see all of the wonderful spots to put that home you have always dreamed of building! The front half of the property is already partly lawn and the back half is fully wooded. Lot is approximately 90 x 617. All city utilities are on lot. An environmental assessment was conducted by the current owners on this property in 2005, and there were no negative findings. Far enough from the Indianapolis Motor Speedway that race-day traffic is not an issue.

Last Agent to Sell the Property

Sharron Hill

Hill & Associates License #RB14021045 Listed on: 08/14/2014

Last Buyer's Agent

Sharron Hill

Hill & Associates License #RB14021045 Listed on: 08/14/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $302

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$302

Lot Details

0

Listing Details

  • Property Type: Land
  • Type: Single Lot
  • Property Sub Type: Residential Lots
  • Transaction Type: Sale
  • Website: www.hillplusassociates.com
  • Directions: West 16 Street in Speedway just south of the curve where the eye clinic is located & Cunningham Road begins See Blue and Orange in Front of the only building lot in Speedway
  • New Construction: No
  • Road Frontage Type: City Street
  • Road Surface Type: Concrete
  • Subdivision Name: GORDON AND DARLA BERRY SUB
  • Special Features: None

Interior Features

  • Sq Ft Main Upper: 0
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 0

Exterior Features

  • Road Access: CityStreet
  • Water: Municipal Water on Site
  • Disclosures: Not Applicable
  • Other Structures: No Building
  • Topography: Level

Utilities

  • Solid Waste: 0
  • Sewer: Municipal Sewer On Site

Lot Info

  • Acres: 1-2 Acres
  • Lot Number: 2
  • Lot Size: 1.25
  • Improvements: PavedStr,StormSewer
  • Land Characteristics: See Remarks,Mature Trees,Wooded
  • Potential Zoning: Single Family
  • Present Zoning: Single Family
  • Price Acre: 38400
  • Soil Type: NotApplic
  • Numberof Lotsin Subdv: 2
  • Development Status: See Remarks
  • Number Of Lots: 1
  • Zoning: Residential

Tax Info

  • Semi Annual Property Tax Amt: 151
  • Tax Exemption: None
  • Tax Annual Amount: 302
  • Tax Year: 2013

MLS Schools

  • School District: Speedway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2016
Sold by
Lile Michael S
Current Estimated Value
$441,548

Purchase Details

Listed on
Aug 14, 2014
Closed on
Dec 17, 2014
Sold by
Berry Gordon W and Berry Darla J
Bought by
Lile Michael S and Lile Dana B
Seller's Agent
Sharron Hill
Hill & Associates
Buyer's Agent
Sharron Hill
Hill & Associates
List Price
$48,000
Sold Price
$45,000
Premium/Discount to List
-$3,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.04%
Original Mortgage
$40,500
Interest Rate
3.97%
Mortgage Type
New Conventional
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
-- $1,900 --
Lile Michael S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lile Michael S $107,000
Open Lile Michael S $230,700
Previous Owner Lile Michael S $258,400
Previous Owner Lile Michael S $40,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2014 12/17/14 Sold $45,000 -6.3% --
08/31/2014 08/31/14 Pending -- -- --
08/14/2014 08/14/14 For Sale $48,000 -- --
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 $5,757 $501,200 $32,500 $468,700
2023 $5,757 $447,100 $32,500 $414,600
2022 $5,406 $408,200 $32,500 $375,700
2021 $4,982 $380,000 $32,500 $347,500
2020 $4,111 $318,700 $32,500 $286,200
2019 $4,112 $338,900 $32,500 $306,400
2018 $4,454 $339,100 $32,500 $306,600
2017 $4,804 $367,000 $33,000 $334,000
2016 $834 $33,000 $33,000 $0
2014 $303 $10,300 $10,300 $0
2013 $303 $10,300 $10,300 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Sharron Hill

    Hill & Associates

    11 in this area

    34 Total Sales

    Sharron Hill
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21309889

MIBOR Broker Listing Cooperative®

APN: 49-05-36-105-043.001-914

Indiana Marion County Indianapolis 46224

5855 W 16th St, Indianapolis, IN

This home is located at 5855 W 16th St, Indianapolis, IN 46224 since 14 August 2014 and is currently estimated at $441,548. 5855 W 16th St is a home located in Marion County with nearby schools including Speedway Junior High School, Speedway Senior High School, and St. Christopher 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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