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115 North Elder Avenue

115 North Elder Avenue, Indianapolis, IN 46222
Property in Near Westside
Sold Jun 29, 2023
$128,062
$94,937 by Waterstone Mortgage Corp
Mortgage Due Jul 01, 2053
Sold Dec 27, 2021
$45,000
115 North Elder Avenue in Indianapolis, IN was first built in 1900 and is 124 years old. Although, the building on the property was most recently renovated and altered in 1955. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 2 are bedrooms. 115 North Elder Avenue has 1,280 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 640 sqft and has been categorized as a unknown. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,670. In total, the area measurement of the land is 6,665 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 484 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 frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as fair. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 115 North Elder Avenue sold most recently in Jun 22, 2023 for a total of $128,062. If you work out the math, that's approximately a cost of $43.56 per sqft. Before that, the property was also sold for $45,000 in Dec 20, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,170 in taxes each year. 115 North Elder Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $68,900. If we break it down further, the land itself was valued at $2,800. Improvements to the property, however, were assessed at a total of $66,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 640
  • Garage Type: Detached
  • Garage Square Area: 484
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,665
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,940
  • Gross Building Area: 2,940
  • Building Area: 1,280
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,280
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MILEYS 2ND ADD OL17 W OF WHITE RIVER
  • Land Acres: 0.153
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: MILEYS 2ND ADD W W R L56 OL17

Ownership

  • Current Owner : MCLENNAN-BROWN JENNIFER
  • Previous Owner : LAM THOMAS
  • Owner Before Previous Owner: CASA NOSTRA LLC

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 356400

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2336-D3
  • Parcel: 49-11-03-142-029.000-101
  • Lot: 56
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7685
  • Longitude: -86.1938

    Address

  • Full Address: 115 N Elder Ave
  • Address - House Number: 115
  • Street Direction: N
  • Address - Street Name: Elder
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C012
  • 4-Digit Zip Code: 4517
  • Zip Code: 46222

Valuation

    Tax

  • Total Area: 2,940
  • Tax Year: 2021
  • Tax Amount: $1,170
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2549
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 63
  • Final Value: 140,092
  • High Value: 175,814
  • Low Value: 104,370

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $94,937
  • First Open Lien Mortgage Lender: WATERSTONE MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 29, 2023
  • First Open Lien Mortgage Loan Amount: $94,937
  • 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: Jul 01, 2053

    Market Valuation

  • Market Total Value: $68,900
  • Market Land Value: $2,800
  • Market Improvement Value: $66,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,900
  • Assessed Land Value: $2,800
  • Assessed Improvements Value: $66,100

    Sales

  • Current Sale Contract Date: Jun 22, 2023
  • Current Sale Recording Date: Jun 29, 2023
  • Current Sale Transaction ID: 11908870247
  • Current Sale Price: $128,062
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 52932
  • Previous Sale Recording Date: Dec 27, 2021
  • Previous Sale Contract Date: Dec 20, 2021
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WATERSTONE MORTGAGE CORP
  • First Mortgage Transaction Date: Jun 29, 2023
  • First Mortgage Loan Amount: $94,937
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

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Frequently Asked Questions

What neighborhood is 115 North Elder Avenue located in?
The 115 North Elder Avenue is a located in the neighborhood of Near Westside in Near Westside, Indianapolis.
What is the average sales price for listings in 115 North Elder Avenue?
The average sales price for units in 115 North Elder Avenue is $0 currently.

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