See Home Value
$193,310*
House - Off Market

1540 Spann Avenue

Indianapolis, IN 46203
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2408 Sqft
$171,000 - $209,000
Reference Base Price*
1.74%
Since May 1, 2023
National-US
Primary Model
Refi Sep 30, 2005
Transfer
$78,747 by Beneficial Indiana Inc
Mortgage Due Sep 26, 2035

About This Property

Incredible Opportunity in popular Fountain Square! So much potential with this 4BR 2BA two story w/bsmt. Can be moved into right away and updated at your leisure or Investors take note ~ Great AirBnB candidate! NEW roof and furnace, 10 foot ceilings, Master on the main with a MBR suite option upstairs. Additional BR up w/tons of storage. Step out back to your private backyard with 2 storage sheds and one of the most unique features; a 560sf 1BR 1BA Kit/LR Apartment for in-law or rent and let them help with your mortgage payment! Not many homes like this remain in Fountain Square. Close to parks, shopping, highways, breweries, dog park and all downtown living has to offer!

The manager has listed the unit size as 2408 square feet.
Unit Size
2,408Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$79
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1900

Price History

Date / Event Date Event Price
Apr 3, 2023 No longer available -
No longer available
Mar 13, 2023 In contract -
In contract
Mar 9, 2023 Listed $190,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1955
  • Building Count: 2
  • Total Rooms: 12
  • Bedroom Count: 5
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 228
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,746
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,608
  • Gross Building Area: 2,608
  • Building Area: 2,380
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,380
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SPANN & COS 2ND WOODLAWN ADD
  • Land Acres: 0.086
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SPANN & COS 2ND WOODLAWN ADD L528

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 355900

Geography

  • Assessors Map Reference: 2338-A5
  • Parcel: 49-10-07-112-290.000-101
  • Lot: 528
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.759
  • Longitude: -86.1326

    Address

  • Full Address: 1540 Spann Ave
  • Address - House Number: 1540
  • Address - Street Name: Spann
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C017
  • 4-Digit Zip Code: 1247
  • Zip Code: 46203

Valuation

    Tax

  • Total Area: 1,601
  • Tax Year: 2022
  • Tax Amount: $1,856
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.1635
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 79
  • Final Value: 199,440
  • High Value: 232,064
  • Low Value: 166,816

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $78,747
  • First Open Lien Mortgage Lender: BENEFICIAL INDIANA INC
  • First Open Lien Mortgage Recording Date: Sep 30, 2005
  • First Open Lien Mortgage Loan Amount: $78,747
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Sep 26, 2035

    Market Valuation

  • Market Total Value: $141,500
  • Market Land Value: $38,300
  • Market Improvement Value: $103,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $141,500
  • Assessed Land Value: $38,300
  • Assessed Improvements Value: $103,200

    Exemptions

  • Homeowner Exemption: Yes



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
2 Baths
-
$208,000 Nov 4, 2016
$208,000 Mar 7, 2017
$602/mo
House
3 Beds
2 Baths
1,737 ft²
$125/ft²
$217,100 Jul 18, 2022
-
$291/mo
House
3 Beds
2 Baths
1,407 ft²
$152/ft²
$214,000 Oct 25, 2022
-
$143/mo
House
3 Beds
2.5 Baths
3,548 ft²
$63/ft²
$224,900 Sep 20, 2022
-
$94/mo
House
2 Beds
1 Bath
968 ft²
$164/ft²
$159,000 Feb 2, 2023
-
-
House
2 Beds
1 Bath
1,102 ft²
$141/ft²
$155,000 May 11, 2022
-
$99/mo
House
2 Beds
1 Bath
800 ft²
$194/ft²
$154,900 Jul 2, 2022
-
$51/mo
House
2 Beds
1 Bath
634 ft²
$252/ft²
$159,900 Nov 23, 2022
-
$99/mo
Multifamily
Stu
-
-
$195,000 Jun 1, 2022
-
$82/mo
Land
Loft
-
-
$160,000 Aug 9, 2021
-
$124/mo
Land
Loft
-
-
$224,900 Sep 26, 2022
-
$63/mo
Commercial
Loft
-
-
$225,000 Oct 7, 2021
-
$368/mo

About Fountain Square


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Frequently Asked Questions

When was property at 1540 Spann Avenue built and last sold?
The property at 1540 Spann Avenue was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1540 Spann Avenue is $204,423.
What are some comparable homes to 1540 Spann Avenue?
Homes that are comparable to 1540 Spann Avenue include a house property at 1425 Spann Avenue, 1117 South Randolph Street, 1049 Villa Avenue.

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