NOT LISTED FOR SALE

8575 Central Ave Indianapolis, IN 46240

Estimated Value: $400,000 - $509,000

3 Beds
2.5 Baths
1,913 Sq Ft
$230/Sq Ft Est. Value

Last Sold December 28, 2017

Last sale price $176,500 $92 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $2,700/month

180 Days on Market

Highlights

  • Updated Kitchen
  • Mature Trees
  • Family Room with Fireplace
  • North Central High School Rated A-
  • Deck
  • Ranch Style House

About This Home

As of December 2017

Great Investment Opportunity located in area of higher priced homes. Total assessed value of this home is $265,000. Charming Limestone Ranch Home with basement. 3 bdrms, 2.5 baths with tons of character. 2 Fireplaces, built-ins, corner china cabinet in dining room, large sun room with cathedral ceiling. Lower level has fireplace, wet sink which would be perfect for a bar, full bath & tons of storage. Nearly an acre with many trees.Close to shopping and dining with easy access to 465 or Meridian.

Last Agent to Sell the Property

Steve Decatur

CENTURY 21 Scheetz Brokerage Email: sdecatur@c21scheetz.com License #RB14033345 Listed on: 06/09/2017

CENTURY 21 Scheetz

Co-Listed By

Amy Longoria

eXp Realty, LLC Brokerage Email: sdecatur@c21scheetz.com License #RB14042662

Last Buyer's Agent

Danielle Maynard

eXp Realty, LLC

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 0.82 Acre Lot
  • Mature Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Block Foundation
  • Stone

Interior Spaces

  • Wet Bar
  • Built-in Bookshelves
  • Cathedral Ceiling
  • Paddle Fans
  • Aluminum Window Frames
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Electric Oven
  • Built-In Microwave

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Sump Pump
  • Crawl Space
  • Basement Lookout

Outdoor Features

  • Deck
  • Shed
  • Storage Shed
  • Porch

Utilities

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

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 490323133007000800

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1948
  • Building Area Total: 2772
  • Co List Office Phone: 317-705-2500
  • Garage Y N: Yes
  • Lot Size Acres: 0.82
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • MBR_AttributionContact: sdecatur@c21scheetz.com
  • Attribution Contact: sdecatur@c21scheetz.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Finished, Unfinished, Daylight/Lookout Windows
  • Appliances: MicroHood, Electric Oven, Electric Water Heater, Humidifier
  • Levels: One
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 527
  • Fireplace Features: Family Room, Living Room, Woodburning Fireplce
  • Fireplaces: 2
  • Interior Amenities: Attic Access, Built In Book Shelves, Cathedral Ceiling(s), Hardwood Floors, Window Metal, Paddle Fan, Eat-in Kitchen, Entrance Foyer, Hi-Speed Internet Availbl, Primary Bedroom on Main, Pantry, Wet Bar
  • Living Area: 1913
  • Other Equipment: Smoke Alarm, Sump Pump
  • Areas Interior: Living Room Formal
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1386
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Kitchen Features: Kitchen Some Updates
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Stone, Wood
  • Exterior Features: Storage Shed
  • Fencing: Partial
  • Foundation Details: Block, Crawl Space
  • Patio And Porch Features: Deck Main Level, Porch Open

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Garage Door Opener, Gravel
  • Garage Parking Other: Finished Garage

Utilities

  • Utilities: Cable Available
  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: Yes

Lot Info

  • Lot Features: Mature Trees, Trees-Small (Under 20 Ft)
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 0.82
  • Parcel Number: 490323133007000800
  • Acres: 1/2-1 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 6120
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 3060
  • Tax Exemption: Homestead Tax Exemption,Mortgage Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2017
Closed on
Dec 29, 2017
Sold by
Thomas James E
Bought by
Gabriel Schmidt
Seller's Agent
Steve Decatur
CENTURY 21 Scheetz
Buyer's Agent
Danielle Maynard
eXp Realty, LLC
List Price
$214,999
Sold Price
$176,500
Premium/Discount to List
-$38,499
-17.91%
Current Estimated Value
$440,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,207
Avg. Annual Appreciation
12.38%
Original Mortgage
$167,675
Outstanding Balance
$141,353
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$299,354

Purchase Details

Listed on
Jun 9, 2017
Closed on
Dec 27, 2017
Sold by
Thomas James E and Thomas Stephaie A
Bought by
Schmidt Gabriel
Seller's Agent
Steve Decatur
CENTURY 21 Scheetz
Buyer's Agent
Danielle Maynard
eXp Realty, LLC
List Price
$214,999
Sold Price
$176,500
Premium/Discount to List
-$38,499
-17.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,675
Outstanding Balance
$141,353
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$299,354

Purchase Details

Closed on
Feb 27, 2008
Sold by
Kelley Moss Chassidy
Bought by
Thomas James E and Thomas Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2006
Sold by
Kelley Alta
Bought by
Moss Kelley
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
Gabriel Schmidt $176,500 --
Schmidt Gabriel -- --
Thomas James E -- Title Express Inc
Moss Kelley -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Gabriel $167,675
Previous Owner Thomas James E $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2017 12/28/17 Sold $176,500 -7.1% $92 / Sq Ft
09/02/2017 09/02/17 Price Changed $189,999 -9.1% $99 / Sq Ft
06/20/2017 06/20/17 Price Changed $209,000 -2.8% $109 / Sq Ft
06/09/2017 06/09/17 For Sale $214,999 -- $112 / 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 $4,733 $353,400 $50,400 $303,000
2023 $4,733 $353,400 $50,400 $303,000
2022 $5,009 $353,400 $50,400 $303,000
2021 $4,209 $302,900 $51,300 $251,600
2020 $3,932 $299,600 $51,300 $248,300
2019 $6,954 $291,900 $51,300 $240,600
2018 $3,284 $273,100 $51,300 $221,800
2017 $3,200 $269,500 $51,300 $218,200
2016 $5,723 $265,100 $51,300 $213,800
2014 $2,979 $286,100 $51,300 $234,800
2013 $2,524 $242,800 $51,300 $191,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21490030

MIBOR Broker Listing Cooperative®

APN: 49-03-23-133-007.000-800