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1322 North Chester Avenue

1322 North Chester Avenue, Indianapolis, IN 46201
Sold Aug 19, 2022
$220,000
$176,000 by Fairway Independent Mortgage C
Mortgage Due Sep 01, 2052
Sold Apr 27, 2020
$175,300
$179,025 by Fairway Independent Mtg Corp
Mortgage
1322 North Chester Avenue in Indianapolis, IN was first built in 1940 and is 84 years old. Although, the building on the property was most recently renovated and altered in 2007. 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. There are 3 partial bathrooms. 1322 North Chester Avenue has 1,200 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 1,200 sqft and has been categorized as a full basement. 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 1,290. In total, the area measurement of the land is 5,140 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 280 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 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 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. 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, 1322 North Chester Avenue sold most recently in Aug 12, 2022 for a total of $220,000. If you work out the math, that's approximately a cost of $91.67 per sqft. Before that, the property was also sold for $175,300 in Apr 25, 2020. 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 $2,402 in taxes each year. 1322 North Chester Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $199,700. If we break it down further, the land itself was valued at $12,900. Improvements to the property, however, were assessed at a total of $186,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Exterior

Vinyl Siding
Aluminum Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 1,200
  • Garage Type: Detached
  • Garage Square Area: 280
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,140
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,400
  • Gross Building Area: 2,400
  • Building Area: 1,200
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,200
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: EAST LAWN ADD VAJENS 6TH ADD
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: EAST LAWN L41

Ownership

  • Current Owner : MICHAELIS LAURA
  • Previous Owner : DEREK GIBSON
  • Owner Before Previous Owner: RUS & REX PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 352500

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2338-D1
  • District: 0001
  • Section: 330
  • Parcel: 49-07-33-114-045.000-101
  • Lot: 41
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7851
  • Longitude: -86.0997

    Address

  • Full Address: 1322 N Chester Ave
  • Address - House Number: 1322
  • Street Direction: N
  • Address - Street Name: Chester
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C012
  • 4-Digit Zip Code: 1542
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 2,400
  • Tax Year: 2022
  • Tax Amount: $2,402
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2201
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 244,407
  • High Value: 298,223
  • Low Value: 190,591

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $176,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Aug 19, 2022
  • First Open Lien Mortgage Loan Amount: $176,000
  • 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: Sep 01, 2052

    Market Valuation

  • Market Total Value: $199,700
  • Market Land Value: $12,900
  • Market Improvement Value: $186,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $199,700
  • Assessed Land Value: $12,900
  • Assessed Improvements Value: $186,800

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 19, 2022
  • Current Sale Transaction ID: 11894948468
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 93434
  • Previous Sale Recording Date: Apr 27, 2020
  • Previous Sale Contract Date: Apr 25, 2020
  • Previous Sale Amount: $175,300
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Aug 19, 2022
  • First Mortgage Loan Amount: $176,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • Previous Mortgage Transaction Date: Apr 27, 2020
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $179,025
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

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Frequently Asked Questions

What neighborhood is 1322 North Chester Avenue located in?
The 1322 North Chester Avenue is a house located in the neighborhood of Near Eastside in Near Eastside, Indianapolis.
What is the average sales price for listings in 1322 North Chester Avenue?
The average sales price for units in 1322 North Chester Avenue is $0 currently.

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