NOT LISTED FOR SALE

7505 Central Ave Indianapolis, IN 46240

Estimated Value: $1,696,000 - $2,649,923

3 Beds
3 Baths
-- Sq Ft
0.89 Acres

Last Sold June 17, 2013

Last sale price $460,000

Est. 356% increase in value since last sale

Current estimated payment $12,605/month

About This Home

As of April 2021

LOVELY 3-BEDROOM RANCH ON LARGE, BEAUTIFULLY LANDSCAPED LOT. MATURE TREES AND GARDENS. OWNER WILL MAINTAIN YARD. HOUSE HAS LARGE SCREENED PORCH AND TWO PATIOS. CONVENIENTLY LOCATED IN DESIRABLE MERIDIAN HILLS.

Last Agent to Rent the Property

Lorraine Price

Listed on: 05/26/1999

Last Renter's Agent

Lorraine Price

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,060

Year Built

  • 1956

Lot Details

  • 0.89

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Security Deposit $1,300

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,060

Year Built

1956

Lot Details

0

Rental Info

  • Lease Price: 1300.00
  • Min Lease Req: 12
  • Security Deposit: 1300
  • Smoking: 0
  • Lease Termin Months: 0
  • Lease Term: 12 Months
  • Tenant Pays: Other

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Transaction Type: Lease
  • Architectural Style: Ranch
  • Directions: MERIDIAN TO 75TH, GO EAST TO CENTRAL OR COLLEGE, GO WEST TO CENTRAL. NORTH ON CENTRAL. HOUSE IS 2ND ON RIGHT
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: MERIDIAN HILLS
  • Special Features: None
  • Year Built: 1956

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Oven, Range Hood, Refrigerator
  • Fireplace Features: Living Room
  • Areas Interior: Living Room Formal,Foyer Small
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Sq Ft Main Upper: 0
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Master Bedroom Description: TubFull,Main Level
  • Bathroom Areas: 3.0000
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Owner Pays: NotApplic

Exterior Features

  • Exterior Features: Driveway Concrete, Fence Partial
  • Porch: Open Patio,Screened in Porch
  • Construction Type: Brick
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Gas
  • Garage Parking Description: 2 Car Attached
  • Num Parking Spaces: 0

Utilities

  • Cooling: Central Air
  • Heating: Electronic Air Filter
  • Utility Options: Cable Connected,Gas Connected
  • Water Heater: Gas

Condo/Co-op/Association

  • Pets Allowed: No

Lot Info

  • Acres: 1-3 Acres
  • Lot Number: 2
  • Lot Size: 288X135

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2015
Sold by
Lsm Holdings Llc
Bought by
Merrell Leisa J and Merrell Thomas K
Current Estimated Value
$2,099,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Outstanding Balance
$102,687
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$2,021,980

Purchase Details

Listed on
May 21, 2013
Closed on
Jun 17, 2013
Sold by
Hoog Sharon L
Bought by
Leise J Merrell Llc
Seller's Agent
Ted Butz
F.C. Tucker Company
Buyer's Agent
Donald Lawless
F.C. Tucker Company
List Price
$460,000
Sold Price
$460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.33%

Purchase Details

Listed on
May 21, 2013
Closed on
Jun 13, 2013
Sold by
Hoog Sharon L
Bought by
Lsm Holdings Llc
Seller's Agent
Ted Butz
F.C. Tucker Company
Buyer's Agent
Donald Lawless
F.C. Tucker Company
List Price
$460,000
Sold Price
$460,000
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Merrell Leisa J -- None Available
Leise J Merrell Llc $460,000 --
Lsm Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrell Leisa J $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2021 04/13/21 Rented -- -- --
03/14/2021 03/14/21 Under Contract -- -- --
06/17/2013 06/17/13 Sold $460,000 0.0% --
05/22/2013 05/22/13 Pending -- -- --
05/21/2013 05/21/13 For Sale $460,000 0.0% --
05/26/1999 05/26/99 For Rent $1,300 -- --
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 $15,060 $1,204,600 $103,700 $1,100,900
2023 $15,060 $1,062,000 $103,700 $958,300
2022 $17,041 $1,062,000 $103,700 $958,300
2021 $14,858 $1,038,400 $76,700 $961,700
2020 $14,492 $1,076,800 $76,700 $1,000,100
2019 $13,563 $1,087,300 $76,700 $1,010,600
2018 $12,158 $1,003,200 $76,700 $926,500
2017 $11,824 $990,500 $76,700 $913,800
2016 $9,189 $835,800 $76,700 $759,100
2014 $1,640 $76,700 $76,700 $0
2013 $1,753 $76,700 $76,700 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Landlord's Agent in 2021

    Lorraine Price

  • T

    Seller's Agent in 2013

    Ted Butz

    F.C. Tucker Company

    Section Image

  • D

    Buyer's Agent in 2013

    Donald Lawless

    F.C. Tucker Company

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 9919422

MIBOR Broker Listing Cooperative®

APN: 49-03-26-133-027.000-820

Indiana Marion County Indianapolis 46240

7505 Central Ave, Indianapolis, IN

This home is located at 7505 Central Ave, Indianapolis, IN 46240 since 26 May 1999 and is currently priced at $2,099,308. This property was built in 1956. 7505 Central Ave is a home located in Marion County with nearby schools including Spring Mill 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.

Nearby Homes