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1226 Bacon Street

1226 Bacon Street, Indianapolis, IN 46227
Sold May 25, 2021
$458,138,800
Seller
$366,511,000 by German American Capital Corp
Mortgage
Sold Oct 16, 2020
$110,000
Buyer
Seller
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1226 Bacon Street in Indianapolis, IN was first built in 1960 and is 64 years old. Although, the building on the property was most recently renovated and altered in 1970. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 1226 Bacon Street has 1,312 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 linear feet across the front of the lot is 600 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 10,062 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 attached garage. The garage is 294 sqft. There is one available parking space. 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. 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, 1226 Bacon Street was last sold in Apr 26, 2021 for $458,138,800. According to our calculations, that's $285,267.00 per sqft. Prior to that sales transaction, the property was sold for $110,000 in Sep 17, 2020. Current property owners are expected to pay $2,933 in taxes per year. The property on 1226 Bacon Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $133,800. To break that down further, the land itself was valued at $17,300. While improvements to the property were assessed at a total of $116,500. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1970
  • Building Count: 2
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 294
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,062
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,606
  • Gross Building Area: 1,606
  • Building Area: 1,312
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,312
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MC CLAINS GOLDEN ADD
  • Land Acres: 0.231
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: MC CLAINS GOLDEN ADD L82 & L83

Ownership

  • Current Owner : BAF ASSETS 3 LLC
  • Previous Owner : BAF3 LLC
  • Owner Before Previous Owner: LIAN BAWI
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 380302

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2446-E3
  • District: 0005
  • Section: 300
  • Parcel: 49-10-30-122-001.075-501
  • Lot: 83
  • Municipality: PERRY TOWNSHIP
  • Latitude: 39.7214
  • Longitude: -86.1359

    Address

  • Full Address: 1226 Bacon St
  • Address - House Number: 1226
  • Address - Street Name: Bacon
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C015
  • 4-Digit Zip Code: 3108
  • Zip Code: 46227

Valuation

    Tax

  • Total Area: 1,312
  • Tax Year: 2022
  • Tax Amount: $2,933
  • Tax Rate Code Area: 501

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 189,803
  • High Value: 232,459
  • Low Value: 147,147

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $366,511,000
  • First Open Lien Mortgage Lender: GERMAN AMERICAN CAPITAL CORP
  • First Open Lien Mortgage Recording Date: May 25, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $366,511,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $133,800
  • Market Land Value: $17,300
  • Market Improvement Value: $116,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,800
  • Assessed Land Value: $17,300
  • Assessed Improvements Value: $116,500

    Sales

  • Current Sale Contract Date: Apr 26, 2021
  • Current Sale Recording Date: May 25, 2021
  • Current Sale Transaction ID: 11837800997
  • Current Sale Price: $458,138,800
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: A202100069046
  • Previous Sale Recording Date: Oct 16, 2020
  • Previous Sale Contract Date: Sep 17, 2020
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GERMAN AMERICAN CAPITAL CORP
  • First Mortgage Transaction Date: May 25, 2021
  • First Mortgage Loan Amount: $366,511,000
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Fixed Rate

About University Heights



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Frequently Asked Questions

What neighborhood is 1226 Bacon Street located in?
The 1226 Bacon Street is a house located in the neighborhood of Carson Heights in University Heights, Indianapolis.
What is the average sales price for listings in 1226 Bacon Street?
The average sales price for units in 1226 Bacon Street is $0 currently.

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