1502 North New Jersey Street

1502 North New Jersey 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 1940 and is 84 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1502 North New Jersey Street has 6,222 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 4,680 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. Finally, the property is currently sourcing its water from none system. The property was last sold in Mar 22, 2019 for $276,000. That's $44.36 per sqft. Prior to that sales transaction, the property was also sold in Mar 22, 2019 for $276,000. 1502 North New Jersey Street was last assessed in 2023. The total value of the property was assessed at $109,100. Specifically, the land the property is located on was valued at $7,700. While improvements on the property were assessed at a total of $101,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,105. The initial tax year of delinquency was in 2020. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.