NOT LISTED FOR SALE

727 N Somerset Ave Indianapolis, IN 46222

Fairfax Neighborhood

Estimated Value: $77,000 - $133,000

2 Beds
1 Bath
755 Sq Ft
$130/Sq Ft Est. Value

Last Sold February 07, 2023

Last sale price $50,000 $66 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $713/month

76 Days on Market

Highlights

  • Mature Trees
  • Separate Formal Living Room
  • Covered patio or porch
  • Vaulted Ceiling
  • No HOA
  • Wood Frame Window

About This Home

As of February 2023

EXCELLENT investment opportunity!

Last Agent to Sell the Property

Stephen Pipes

Keller Williams Indpls Metro N License #RB20000060 Listed on: 11/10/2022

Keller Williams Indpls Metro N

Last Buyer's Agent

Stephen Baker

New Western Acquisitions

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1953

Lot Details

  • 35 Sq Ft Lot
  • Mature Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Wood Frame Window
  • Separate Formal Living Room
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Covered patio or porch

Utilities

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

Community Details

  • No Home Owners Association
  • Fairfax Subdivision

Listing and Financial Details

  • Tax Lot 362
  • Assessor Parcel Number 491105117397000901

Home Details

Home Type

Single Family

Est. Annual Taxes

$860

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2001
  • Year Built: 1953
  • Building Area Total: 1342
  • Garage Y N: Yes
  • Lot Size Acres: 0.104
  • Subdivision Name: Fairfax
  • Inspection Warranties: Other
  • Transaction Type: Sale
  • MBR_AttributionContact: HomesBySP@gmail.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full, Sump Pump
  • Appliances: None, Electric Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 84
  • Interior Amenities: Raised Ceiling(s), Windows Wood, Eat-in Kitchen
  • Living Area: 755
  • Main Level Bedrooms: 2
  • Areas Interior: Living Room Formal
  • Eating Area: Other Eating Area
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 671
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • Fencing: Partial
  • Foundation Details: Block
  • List Price: 60000
  • Patio And Porch Features: Covered Porch

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Sidewalks, Mature Trees
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 35
  • Parcel Number: 491105117397000901
  • Acres: <1/4 Acre
  • Price Acre: 480769.230769231

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 860
  • Tax Block: 0
  • Tax Lot: 362
  • Semi Annual Property Tax Amt: 430
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2022
Closed on
Feb 8, 2023
Sold by
Power House Holdings Llc
Bought by
Melgar Edgar N and Solares Irma
Seller's Agent
Stephen Pipes
Keller Williams Indpls Metro N
Buyer's Agent
Stephen Baker
New Western Acquisitions
List Price
$60,000
Sold Price
$50,000
Premium/Discount to List
-$10,000
-16.67%
Views
111
Current Estimated Value
$97,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,924
Avg. Annual Appreciation
33.18%
Original Mortgage
$56,700
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 10, 2022
Closed on
Feb 3, 2023
Sold by
Father & Son Investments Llc
Bought by
Power House Holdings Llc
Seller's Agent
Stephen Pipes
Keller Williams Indpls Metro N
Buyer's Agent
Stephen Baker
New Western Acquisitions
List Price
$60,000
Sold Price
$50,000
Premium/Discount to List
-$10,000
-16.67%
Views
111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,700
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2014
Sold by
Oregon Sunshine Investors Llc
Bought by
Father & Son Investments Llc

Purchase Details

Closed on
Mar 21, 2014
Sold by
Adams Aaron
Bought by
Murphy Doug

Purchase Details

Closed on
Jan 22, 2014
Sold by
Hernandez Demetrio and City Of Indianapolis
Bought by
East Coast Investments Llc

Purchase Details

Closed on
Jan 15, 2014
Sold by
Layton John R
Bought by
East Coast Investments Llc
Source: Public Records

Range of Values:

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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
Melgar Edgar N $50,000 --
Power House Holdings Llc $50,000 --
Father & Son Investments Llc -- Mtc
Murphy Doug $30,500 Meridian Title
Oregon Sunshine Investors Llc -- None Available
East Coast Investments Llc $10,101 None Available
East Coast Investments Llc $10,101 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Melgar Edgar N $56,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2023 02/07/23 Sold $50,000 -16.7% $66 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/21/2023 01/21/23 For Sale $60,000 0.0% $79 / Sq Ft
01/14/2023 01/14/23 Price Changed $60,000 -33.3% $79 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
11/10/2022 11/10/22 For Sale $90,000 -- $119 / 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 $2,052 $82,400 $2,900 $79,500
2023 $2,052 $83,600 $2,900 $80,700
2022 $1,966 $79,300 $2,900 $76,400
2021 $1,287 $52,900 $2,900 $50,000
2020 $1,064 $43,100 $2,900 $40,200
2019 $1,002 $39,700 $2,900 $36,800
2018 $976 $38,300 $2,900 $35,400
2017 $869 $38,000 $2,900 $35,100
2016 $971 $43,800 $2,900 $40,900
2014 $997 $46,100 $2,900 $43,200
2013 $894 $43,100 $2,900 $40,200
Source: Public Records

Agents Affiliated with this Home

  • Stephen Pipes

    Seller's Agent in 2023

    Stephen Pipes

    Keller Williams Indpls Metro N

    (317) 558-9755

    2 in this area

    126 Total Sales

    Stephen Pipes
    Section Image

  • S

    Buyer's Agent in 2023

    Stephen Baker

    New Western Acquisitions

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21892806

MIBOR Broker Listing Cooperative®

APN: 49-11-05-117-397.000-901

Indiana Marion County Indianapolis 46222 Fairfax

727 N Somerset Ave, Indianapolis, IN

This home is located at 727 N Somerset Ave, Indianapolis, IN 46222 since 10 November 2022 and is currently estimated at $97,924, approximately $129 per square foot. This property was built in 1953. 727 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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