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1221 North Rural Street

1221 North Rural Street, Indianapolis, IN 46201
Multifamily in Rural-Sherman
1 Units For Sale
Unit for sale at 1221-1223 N Rural Street, Indianapolis, IN 46201

$180,000

  • Studio
1221-1223 N Rural Street, Indianapolis, IN 46201 Listing by Luke Granholm

Local assessors in Indianapolis, IN have categorized 1221 North Rural Street as a residential type of property. The home was built in 1920 and is 104 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 6,098 square feet. The linear feet between the front and back of the lot was measured at 1,520 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1221 North Rural Street has a total of 858 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 182 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 720 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of asphalt. Residents rely on no air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 1221 North Rural Street sold most recently in Feb 11, 2022 for a total of $168,800. If you work out the math, that's approximately a cost of $162.31 per sqft. 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 $2,557 in taxes each year. 1221 North Rural Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $100,900. If we break it down further, the land itself was valued at $20,200. Improvements to the property, however, were assessed at a total of $80,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.

Building Features

Exterior

Aluminum Siding

Parking

On-Street Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201228
12/28/2020
Studio
-
-
$90,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Partial basement
  • Basement Area: 182
  • Garage Type: Detached
  • Garage Square Area: 720
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 858
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 858
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: VAJENS S BROOKSIDE ADD
  • Land Acres: 0.14
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: VAJENS S BROOKSIDE L25

Ownership

  • Current Owner : INDYWIRE LLC-S-1221 N RURAL PROTECTED SERIES
  • Previous Owner : LUKE GRANHOLM
  • Owner Before Previous Owner: RURAL 1 LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 352600

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2338-B1
  • District: 0001
  • Section: 320
  • Parcel: 49-07-32-193-118.000-101
  • Lot: 25
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7843
  • Longitude: -86.1162

    Address

  • Full Address: 1221 N Rural St
  • Address - House Number: 1221
  • Street Direction: N
  • Address - Street Name: Rural
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C013
  • 4-Digit Zip Code: 1330
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 1,040
  • Tax Year: 2022
  • Tax Amount: $2,557
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2639
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 181,447
  • High Value: 229,339
  • Low Value: 133,554

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Apr 11, 2022
  • First Open Lien Mortgage Loan Amount: $135,000
  • 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: Mar 08, 2052

    Market Valuation

  • Market Total Value: $100,900
  • Market Land Value: $20,200
  • Market Improvement Value: $80,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,900
  • Assessed Land Value: $20,200
  • Assessed Improvements Value: $80,700

    Sales

  • Current Sale Contract Date: Feb 11, 2022
  • Current Sale Recording Date: Apr 11, 2022
  • Current Sale Transaction ID: 11887482374
  • Current Sale Price: $168,800
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 42434
  • Previous Sale Recording Date: Feb 23, 2021
  • Previous Sale Contract Date: Jan 27, 2021
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Apr 11, 2022
  • First Mortgage Loan Amount: $135,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 08, 2052

About Near Eastside



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Frequently Asked Questions

What neighborhood is 1221 North Rural Street located in?
The 1221 North Rural Street is a multifamily located in the neighborhood of Rural-Sherman in Near Eastside, Indianapolis.
How many listings are currently for sale in 1221 North Rural Street?
There is one unit for sale right now.
What is the average sales price for listings in 1221 North Rural Street?
The average sales price for units in 1221 North Rural Street is $180,000 currently.

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