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1407 South Alabama Street

1407 South Alabama Street, Indianapolis, IN 46225
Multifamily in Bates - Hendricks
1407 South Alabama Street in Indianapolis, IN was first built in 1885 and is 139 years old. Although, the building on the property was most recently renovated and altered in 2014. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. 1407 South Alabama Street has 949 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 400 ft and the linear feet between the front and back of the lot is 1,850. In total, the area measurement of the land is 7,405 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 400 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 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, 1407 South Alabama Street was last sold in Dec 4, 2023 for $232,750. According to our calculations, that's $245.26 per sqft. Prior to that sales transaction, the property was sold for $200,000 in Mar 30, 2022. Current property owners are expected to pay $6,755 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 1407 South Alabama Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $255,300. To break that down further, the land itself was valued at $24,600. While improvements to the property were assessed at a total of $230,700. 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. 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.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.

Building Features

Exterior

Composition Board Siding
Wood Exterior

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
20191104
11/04/2019
Studio
-
-
$155,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 400
  • Total Building Area: 949
  • Gross Building Area: 949
  • Building Area: 949
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 949
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WOODRUFFS SUB B F MORRIS ADD
  • Land Acres: 0.17
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: WOODRUFFS SUB MORRIS ADD L26

Ownership

  • Current Owner : LYNN SARA FARKAS SEPARATE PROPERTY TRUST
  • Current Owner 2: FARKAS
  • Previous Owner : CAPTURE INVESTMENTS LLC
  • Owner Before Previous Owner: HATIMA ABBAS
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Apr 06, 2024

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 356900

Geography

  • Assessors Map Reference: 2337-D6
  • District: 0001
  • Section: 130
  • Parcel: 49-11-13-162-065.000-101
  • Lot: 26
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7479
  • Longitude: -86.152

    Address

  • Full Address: 1407 S Alabama St
  • Address - House Number: 1407
  • Street Direction: S
  • Address - Street Name: Alabama
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C006
  • 4-Digit Zip Code: 1801
  • Zip Code: 46225

Valuation

    Tax

  • Total Area: 949
  • Tax Year: 2022
  • Tax Amount: $6,755
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.1642
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 366,315
  • High Value: 426,465
  • Low Value: 306,164

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Dec 11, 2023
  • First Open Lien Mortgage Loan Amount: $175,000
  • 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: Dec 01, 2053

    Market Valuation

  • Market Total Value: $255,300
  • Market Land Value: $24,600
  • Market Improvement Value: $230,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $255,300
  • Assessed Land Value: $24,600
  • Assessed Improvements Value: $230,700

    Sales

  • Current Sale Contract Date: Dec 04, 2023
  • Current Sale Recording Date: Dec 11, 2023
  • Current Sale Transaction ID: 11918110052
  • Current Sale Price: $232,750
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 102005
  • Previous Sale Recording Date: Apr 15, 2022
  • Previous Sale Contract Date: Mar 30, 2022
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Dec 11, 2023
  • First Mortgage Loan Amount: $175,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: TRIDENT REALTY INVESTMENTS LLC
  • Previous Mortgage Transaction Date: Apr 15, 2022
  • Previous Mortgage Loan Amount: $270,000
  • Previous Mortgage Term: 6
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Nov 01, 2022

About Near Southside



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Frequently Asked Questions

What neighborhood is 1407 South Alabama Street located in?
The 1407 South Alabama Street is a multifamily located in the neighborhood of Bates - Hendricks in Near Southside, Indianapolis.
What is the average sales price for listings in 1407 South Alabama Street?
The average sales price for units in 1407 South Alabama Street is $0 currently.

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