1225 East Washington Street

1225 East Washington Street has been categorized by the local assessors in Indianapolis, IN as a commercial type of property. The building on the property was first built in 1945 and is 79 years old. However, we must point out that the home was most recently renovated and altered in 1980. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1225 East Washington Street has 5,768 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 19,188 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of concrete block. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from none 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, 1225 East Washington Street sold most recently in Jan 1, 1970 for a total of $150,000. If you work out the math, that's approximately a cost of $26.01 per sqft. Before that, the property was also sold for $150,000 in Jul 13, 2006. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $4,551 in taxes each year. 1225 East Washington Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $148,800. If we break it down further, the land itself was valued at $57,000. Improvements to the property, however, were assessed at a total of $91,800. 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.