NOT LISTED FOR SALE

7401 Edgewater Dr Indianapolis, IN 46240

North Central Neighborhood

Estimated Value: $434,000 - $515,000

3 Beds
2.5 Baths
3,168 Sq Ft
$150/Sq Ft Est. Value

Last Sold July 02, 2020

Last sale price $315,000 $99 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,798/month

188 Days on Market

Highlights

  • River Front
  • Midcentury Modern Architecture
  • Screened Porch
  • North Central High School Rated A-
  • Wood Flooring
  • 3 Car Attached Garage

About This Home

As of July 2020

The dream fixer upper! River front property with boat house and NOT in the flood zone. There is so much potential with this home. Upper level can convert to separate living space to rent out. The dining room has french doors that lead outside. Great room features a wood burning fire place and leads out to a screened in patio that looks out over the river. 2nd level could be turned into the perfect master suite w upper deck area. This home also features a 3 car garage/bonus room has a built in grill making it a great place to entertain. This home is located just minutes away from Broad Ripple and across the river from the White River Yacht club.

Last Agent to Sell the Property

Frederick Catron

F.C. Tucker Company License #RB14043903 Listed on: 09/10/2019

F.C. Tucker Company

Last Buyer's Agent

Glenn Bill

eXp Realty, LLC License #RB14015601

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,816

Year Built

  • Built in 1947

Lot Details

  • 0.25 Acre Lot
  • River Front

Parking

  • 3 Car Attached Garage

Home Design

  • Midcentury Modern Architecture
  • Traditional Architecture

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Great Room with Fireplace
  • Family or Dining Combination
  • Screened Porch
  • Wood Flooring
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Well

Listing and Financial Details

  • Assessor Parcel Number 490325118103000800

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,816

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Mid-Century Modern, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1947
  • Garage Y N: Yes
  • Lot Size Acres: 0.251
  • Subdivision Name: NO SUBDIVISION
  • Inspection Warranties: Other
  • Property Description: The dream fixer upper! River front property with boat house and NOT in the flood zone. There is so much potential with this home. Upper level can convert to separate living space to rent out. The dining room has french doors that lead outside. Great room features a wood burning fire place and leads out to a screened in patio that looks out over the river. 2nd level could be turned into the perfect master suite w upper deck area. This home also features a 3 car garage/bonus room has a built in grill making it a great place to entertain. This home is located just minutes away from Broad Ripple and across the river from the White River Yacht club.
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Microwave, Gas Oven, Refrigerator
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Great Room
  • Fireplaces: 1
  • Interior Amenities: Built In Book Shelves, Hardwood Floors
  • Living Area: 3168
  • Other Equipment: WetBar
  • Room Count: 8
  • Eating Area: Dining Combo/Great Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 3168
  • Main Level Sq Ft: 1830
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 3168
  • Kitchen Features: Kitchen Eat In
  • Upper Level Sq Ft: 1338

Exterior Features

  • Construction Materials: Block, Wood
  • Disclosures: Not Applicable
  • Foundation Details: Crawl Space
  • List Price: 405000
  • Association Maintained Building Exterior: 0
  • Porch: Screened in Porch

Garage/Parking

  • Garage Spaces: 3
  • Fuel: Gas
  • Garage Parking Description: Attached

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Well
  • Solid Waste: 1
  • Water Heater: Electric

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 490325118103000800
  • Acres: 1/4-1/2 Acre
  • Lot Information: Riverfront
  • Lot Number: 94 & 95
  • Lot Size: 10,934

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 4816
  • Semi Annual Property Tax Amt: 2408
  • Tax Exemption: None
  • Multiple Tax I D: 490325118104000800

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Jun 27, 2020
Sold by
Andresen Kristina M and Andresen Jon N
Bought by
Drexler Daniel
Seller's Agent
Frederick Catron
F.C. Tucker Company
Buyer's Agent
Glenn Bill
eXp Realty, LLC
List Price
$375,000
Sold Price
$315,000
Premium/Discount to List
-$60,000
-16%
Current Estimated Value
$476,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,141
Avg. Annual Appreciation
7.62%
Original Mortgage
$315,000
Outstanding Balance
$282,415
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$177,312

Purchase Details

Listed on
Sep 10, 2019
Closed on
Jun 2, 2020
Sold by
Andresen Jon N and Andresen Karl H
Bought by
Andresen Karl and Andresen Rosemary
Seller's Agent
Frederick Catron
F.C. Tucker Company
Buyer's Agent
Glenn Bill
eXp Realty, LLC
List Price
$375,000
Sold Price
$315,000
Premium/Discount to List
-$60,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$282,415
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$177,312

Purchase Details

Listed on
Sep 10, 2019
Closed on
May 28, 2020
Sold by
Andresen Jon A and Karl H Andresen Est
Bought by
Andresen Kristina M and Andresen Jon N
Seller's Agent
Frederick Catron
F.C. Tucker Company
Buyer's Agent
Glenn Bill
eXp Realty, LLC
List Price
$375,000
Sold Price
$315,000
Premium/Discount to List
-$60,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$282,415
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$177,312
Source: Public Records

Range of Values:

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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
Drexler Daniel -- Stewart Title
Andresen Karl -- None Available
Andresen Kristina M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drexler Daniel $315,000
Previous Owner Andresen Karl $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2020 07/02/20 Sold $315,000 -22.2% $99 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
11/19/2019 11/19/19 Price Changed $405,000 +44.6% $128 / Sq Ft
11/15/2019 11/15/19 Price Changed $280,000 -25.3% $88 / Sq Ft
09/10/2019 09/10/19 For Sale $375,000 -- $118 / 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 $2,431 $201,300 $28,200 $173,100
2023 $2,431 $201,300 $28,200 $173,100
2022 $3,022 $201,300 $28,200 $173,100
2021 $3,022 $218,500 $36,600 $181,900
2020 $2,705 $215,400 $36,600 $178,800
2019 $4,937 $211,300 $36,600 $174,700
2018 $4,925 $210,800 $36,600 $174,200
2017 $4,688 $202,900 $36,600 $166,300
2016 $4,095 $199,800 $36,600 $163,200
2014 $3,858 $187,200 $36,600 $150,600
2013 $1,445 $163,100 $36,600 $126,500
Source: Public Records

Agents Affiliated with this Home

  • Frederick Catron

    Seller's Agent in 2020

    Frederick Catron

    F.C. Tucker Company

    (317) 366-9405

    1 in this area

    304 Total Sales

    Frederick Catron
    Section Image
  • Glenn Bill

    Buyer's Agent in 2020

    Glenn Bill

    eXp Realty, LLC

    (317) 418-4052

    154 Total Sales

    Glenn Bill
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21667064

MIBOR Broker Listing Cooperative®

APN: 49-03-25-118-103.000-800

Indiana Marion County Indianapolis 46240 North Central

7401 Edgewater Dr, Indianapolis, IN

This home is located at 7401 Edgewater Dr, Indianapolis, IN 46240 since 10 September 2019 and is currently estimated at $476,141, approximately $150 per square foot. This property was built in 1947. 7401 Edgewater Dr is a home located in Marion County with nearby schools including Fox Hill Elementary School, Northview Middle School, and North Central 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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