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1514 Bates Street

1514 Bates Street, Indianapolis, IN 46201
Property in Near Southeast
Sold Apr 23, 2020
$113,000
Buyer
Seller
$84,750 by Crosscountry Mortgage Inc
Mortgage
1514 Bates Street has been categorized by the local assessors in Indianapolis, IN as a residential type of property. The building on the property was first built in 1880 and is 144 years old. However, we must point out that the home was most recently renovated and altered in 1999. The home has a total of 6 rooms. 2 of these rooms are legally considered as bedrooms. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1514 Bates Street has 905 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,420 ft and across the front of the lot is 390 ft. The area measurement of the land has been determined as 5,532 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 576 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. 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 roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Apr 14, 2020 for $113,000. That's $124.86 per sqft. 1514 Bates Street was last assessed in 2023. The total value of the property was assessed at $137,600. Specifically, the land the property is located on was valued at $6,300. While improvements on the property were assessed at a total of $131,300. 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 $3,266. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,532
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 390
  • Total Building Area: 905
  • Gross Building Area: 905
  • Building Area: 905
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 905
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FERGUSONS HILL PLACE ADD
  • Land Acres: 0.127
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: FERGUSON HILL PLACE L35

Ownership

  • Current Owner : CHAN GILBERT
  • Previous Owner : CORRELL JOHN

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 355700

Geography

  • Assessors Map Reference: 2338-A4
  • District: 0001
  • Section: 7015004
  • Parcel: 49-10-07-177-045.000-101
  • Lot: 35
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7626
  • Longitude: -86.1331

    Address

  • Full Address: 1514 Bates St
  • Address - House Number: 1514
  • Address - Street Name: Bates
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C034
  • 4-Digit Zip Code: 3946
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 905
  • Tax Year: 2022
  • Tax Amount: $3,266
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.0595
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 77
  • Final Value: 208,000
  • High Value: 230,000
  • Low Value: 188,000

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $84,750
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Apr 23, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $84,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $137,600
  • Market Land Value: $6,300
  • Market Improvement Value: $131,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,600
  • Assessed Land Value: $6,300
  • Assessed Improvements Value: $131,300

    Sales

  • Current Sale Contract Date: Apr 14, 2020
  • Current Sale Recording Date: Apr 23, 2020
  • Current Sale Transaction ID: 11757972597
  • Current Sale Price: $113,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202000041478

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Mortgage Transaction Date: Apr 23, 2020
  • First Mortgage Loan Amount: $84,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1514 Bates Street located in?
The 1514 Bates Street is a located in the neighborhood of Near Southeast in Near Southeast, Indianapolis.
What is the average sales price for listings in 1514 Bates Street?
The average sales price for units in 1514 Bates Street is $0 currently.

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