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1120 Southwood Drive

1120 Southwood Drive, Indianapolis, IN 46227
Sold Apr 17, 2023
$234,279
$176,150 by Bailey & Wood Financial Group
Mortgage Due May 01, 2053
Sold Jul 21, 2022
Transfer
1120 Southwood Drive in Indianapolis, IN was first built in 1955 and is 69 years old. Although, the building on the property was most recently renovated and altered in 1990. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1120 Southwood Drive has 2,242 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,004 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 800 ft and the linear feet between the front and back of the lot is 2,090. In total, the area measurement of the land is 16,727 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 576 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1120 Southwood Drive was last sold in Apr 10, 2023 for $234,279. According to our calculations, that's $72.17 per sqft. Current property owners are expected to pay $2,969 in taxes per year. The property on 1120 Southwood Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $244,600. To break that down further, the land itself was valued at $21,300. While improvements to the property were assessed at a total of $223,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Aluminum Siding
Brick Exterior

Parking

Detached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,004
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 16,727
  • Lot Size Depth Feet: 2,090
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,246
  • Gross Building Area: 3,246
  • Building Area: 2,242
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,242
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTHDOWNS ADD
  • Land Acres: 0.384
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SOUTHDOWNS L29

Ownership

  • Current Owner : DEGENHARDT JESSICA L
  • Previous Owner : SEDGWICK PROPERTY GROUP LLC
  • Owner Before Previous Owner: VICTOR BARNETT JR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Perry Township Metropolitan School District
  • Census Tract: 381002

Geography

  • Assessors Map Reference: 2555-E2
  • District: 0005
  • Section: 7014004
  • Parcel: 49-15-07-101-069.000-500
  • Lot: 29
  • Municipality: PERRY TOWNSHIP
  • Latitude: 39.6739
  • Longitude: -86.1386

    Address

  • Full Address: 1120 Southwood Dr
  • Address - House Number: 1120
  • Address - Street Name: Southwood
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C065
  • 4-Digit Zip Code: 4869
  • Zip Code: 46227

Valuation

    Tax

  • Total Area: 3,246
  • Tax Year: 2022
  • Tax Amount: $2,969
  • Tax Rate Code Area: 500

    Appraisal Valuation

  • Standard Deviation: 0.2299
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 68
  • Final Value: 284,024
  • High Value: 349,322
  • Low Value: 218,727

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $176,150
  • First Open Lien Mortgage Lender: BAILEY & WOOD FINANCIAL GROUP
  • First Open Lien Mortgage Recording Date: Apr 17, 2023
  • First Open Lien Mortgage Loan Amount: $176,150
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $244,600
  • Market Land Value: $21,300
  • Market Improvement Value: $223,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $244,600
  • Assessed Land Value: $21,300
  • Assessed Improvements Value: $223,300

    Sales

  • Current Sale Contract Date: Apr 10, 2023
  • Current Sale Recording Date: Apr 17, 2023
  • Current Sale Transaction ID: 11905495266
  • Current Sale Price: $234,279
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 29456
  • Previous Sale Recording Date: Jul 21, 2022
  • Previous Sale Contract Date: Jul 14, 2022
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAILEY & WOOD FINANCIAL GROUP
  • First Mortgage Transaction Date: Apr 17, 2023
  • First Mortgage Loan Amount: $176,150
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2053

About Edgewood



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Frequently Asked Questions

What neighborhood is 1120 Southwood Drive located in?
The 1120 Southwood Drive is a house located in the neighborhood of Forest Commons in Edgewood, Indianapolis.
What is the average sales price for listings in 1120 Southwood Drive?
The average sales price for units in 1120 Southwood Drive is $0 currently.

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