NOT LISTED FOR SALE

640 N Somerset Ave Indianapolis, IN 46222

Fairfax Neighborhood

Estimated Value: $104,000 - $114,000

2 Beds
1 Bath
720 Sq Ft
$153/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $114,750 $159 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $721/month

116 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Forced Air Heating System
  • 1 Car Detached Garage
  • 1-Story Property
  • Combination Kitchen and Dining Room

About This Home

As of July 2024

Here's a fabulous opportunity to buy a home directly across the street from IPS "The Path" school for K-8th grade! The house will need numerous repairs which should provide some sweat equity in this rapidly improving neighborhood! The basement may have potential for additional living space, bedroom or hobby room. Seller will consider a land contract with as little as 10% down and 11.5% interest.

Last Agent to Sell the Property

Scott Wynkoop

Wynkoop Brokerage Firm, LLC Brokerage Email: Scott@IndianaREO.com License #RB14037140 Listed on: 02/28/2024

Last Buyer's Agent

Luis Coronel

Coronel Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,890

Year Built

  • Built in 1941

Lot Details

  • 4,530

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Attic Access Panel
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • 4,530 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 9021639
  • Assessor Parcel Number 491105117262000901
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,890

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1941
  • Building Area Total: 1440
  • Garage Y N: Yes
  • Lot Size Acres: 0.1
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: Scott@IndianaREO.com
  • Attribution Contact: Scott@IndianaREO.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Attic Access
  • Living Area: 720
  • Main Level Bedrooms: 2
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 720
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Aluminum Siding
  • Foundation Details: Block
  • List Price: 114750

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached
  • Garage Sq Ft: 240

Utilities

  • Cooling: None
  • Heating: Forced Air
  • Water Source: Other
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 4530
  • Parcel Number: 491105117262000901
  • Acres: <1/4 Acre
  • Price Acre: 1147500

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1890
  • Tax Lot: 9021639
  • Semi Annual Property Tax Amt: 945

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
Jun 21, 2024
Sold by
S & C Financial Group Llc
Bought by
Reyes Laura Sarahi Sevil
Seller's Agent
Scott Wynkoop
Wynkoop Brokerage Firm, LLC
Buyer's Agent
Luis Coronel
Coronel Realty Group
List Price
$120,000
Sold Price
$114,750
Premium/Discount to List
-$5,250
-4.38%
Total Days on Market
116
Views
83
Current Estimated Value
$110,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,345
Avg. Annual Appreciation
-3.54%

Purchase Details

Closed on
Jan 3, 2024
Sold by
Auditor Of Marion County
Bought by
S & C Fin'L Group Llc

Purchase Details

Listed on
Jul 15, 2013
Closed on
Nov 5, 2013
Sold by
Clouse Gerald
Bought by
Garcia Ricardo
Seller's Agent
Corey Hayes
Keller Williams Indy Metro S
Buyer's Agent
Corey Hayes
Keller Williams Indy Metro S
List Price
$28,000
Sold Price
$19,000
Premium/Discount to List
-$9,000
-32.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.26%
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
Reyes Laura Sarahi Sevil $114,750 --
S & C Fin'L Group Llc $39,694 None Listed On Document
Garcia Ricardo $19,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $114,750 0.0% $159 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
04/29/2024 04/29/24 Price Changed $114,750 0.0% $159 / Sq Ft
04/24/2024 04/24/24 Price Changed $114,789 -0.2% $159 / Sq Ft
04/19/2024 04/19/24 Price Changed $115,000 -0.9% $160 / Sq Ft
04/09/2024 04/09/24 Price Changed $116,000 -0.9% $161 / Sq Ft
04/02/2024 04/02/24 Price Changed $117,000 -0.8% $163 / Sq Ft
03/26/2024 03/26/24 Price Changed $118,000 -0.8% $164 / Sq Ft
03/14/2024 03/14/24 Price Changed $119,000 -0.8% $165 / Sq Ft
02/28/2024 02/28/24 For Sale $120,000 +531.6% $167 / Sq Ft
11/22/2013 11/22/13 Sold $19,000 -32.1% $14 / Sq Ft
10/26/2013 10/26/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $28,000 -- $21 / 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 $3,675 $69,300 $2,900 $66,400
2023 $3,675 $67,200 $2,900 $64,300
2022 $975 $63,800 $2,900 $60,900
2021 $1,957 $42,400 $2,900 $39,500
2020 $1,110 $34,600 $2,900 $31,700
2019 $307 $32,000 $2,900 $29,100
2018 $304 $30,800 $2,900 $27,900
2017 $271 $30,500 $2,900 $27,600
2016 $287 $35,000 $2,900 $32,100
2014 $776 $35,900 $2,900 $33,000
2013 $701 $33,700 $2,900 $30,800
Source: Public Records

Agents Affiliated with this Home

  • Scott Wynkoop

    Seller's Agent in 2024

    Scott Wynkoop

    Wynkoop Brokerage Firm, LLC

    (317) 590-5032

    3 in this area

    274 Total Sales

    Scott Wynkoop
    Section Image

  • L

    Buyer's Agent in 2024

    Luis Coronel

    Coronel Realty Group

    Section Image

  • C

    Seller's Agent in 2013

    Corey Hayes

    Keller Williams Indy Metro S

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21966034

MIBOR Broker Listing Cooperative®

APN: 49-11-05-117-262.000-901

Indiana Marion County Indianapolis 46222 Fairfax

640 N Somerset Ave, Indianapolis, IN

This home is located at 640 N Somerset Ave, Indianapolis, IN 46222 since 28 February 2024 and is currently estimated at $110,405, approximately $153 per square foot. This property was built in 1941. 640 N Somerset Ave is a home located in Marion County with nearby schools including The PATH School, George Washington Community High School (9-12), and Arsenal Technical High 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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