1825 South Drexel Avenue

1825 South Drexel Avenue 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 1964 and is 60 years old. However, we must point out that the home was most recently renovated and altered in 1980. The home has a total of 6 rooms. 3 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, 1825 South Drexel Avenue has 960 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 1,000 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 6,011 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. 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 D by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with no 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. 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, 1825 South Drexel Avenue sold most recently in Nov 19, 2018 for a total of $41,500. If you work out the math, that's approximately a cost of $43.23 per sqft. Before that, the property was also sold for $48,992 in Sep 27, 2018. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $570 in taxes each year. The initial year of tax delinquency occurred in 2021. 1825 South Drexel Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $64,300. If we break it down further, the land itself was valued at $8,800. Improvements to the property, however, were assessed at a total of $55,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.