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1924 North Drexel Avenue

1924 North Drexel Avenue, Indianapolis, IN 46218
Property in Near Eastside
Sold Aug 20, 2021
$126,500
$101,175 by Caliber Home Loans Inc
Mortgage Due Jul 01, 2051
Sold Apr 28, 2021
Transfer
1924 North 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 1949 and is 75 years old. However, we must point out that the home was most recently renovated and altered in 2016. The home has a total of 5 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, 1924 North Drexel Avenue has 720 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 720 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,060 ft and across the front of the lot is 440 ft. The area measurement of the land has been determined as 4,661 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 240 sqft. According to our sources, there is one available parking space. 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 D 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 Jun 22, 2021 for $126,500. That's $87.85 per sqft. 1924 North Drexel Avenue was last assessed in 2023. The total value of the property was assessed at $127,800. Specifically, the land the property is located on was valued at $8,900. While improvements on the property were assessed at a total of $118,900. 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 $3,132. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 1949
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 720
  • Garage Type: Detached
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,661
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 440
  • Total Building Area: 1,440
  • Gross Building Area: 1,440
  • Building Area: 720
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 720
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: GLENRIDGE ADD
  • Land Acres: 0.107
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: GLENRIDGE ADD L150

Ownership

  • Current Owner : CHEN JAY
  • Previous Owner : REAL PROPERTY HOLDING CO LLC
  • Owner Before Previous Owner: RAWLINGS CHERYL L

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 352400

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2229-E7
  • District: 0001
  • Section: 330
  • Parcel: 49-07-33-182-169.000-101
  • Lot: 150
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7933
  • Longitude: -86.0916

    Address

  • Full Address: 1924 N Drexel Ave
  • Address - House Number: 1924
  • Street Direction: N
  • Address - Street Name: Drexel
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C004
  • 4-Digit Zip Code: 4558
  • Zip Code: 46218

Valuation

    Tax

  • Total Area: 1,440
  • Tax Year: 2022
  • Tax Amount: $3,132
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2413
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 66
  • Final Value: 179,638
  • High Value: 222,987
  • Low Value: 136,289

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $101,175
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Aug 20, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $101,175
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $127,800
  • Market Land Value: $8,900
  • Market Improvement Value: $118,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,800
  • Assessed Land Value: $8,900
  • Assessed Improvements Value: $118,900

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Transaction ID: 11853682290
  • Current Sale Price: $126,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202100110952
  • Previous Sale Recording Date: Apr 28, 2021
  • Previous Sale Contract Date: Apr 02, 2021
  • Previous Sale Document Type: Personal Representatives Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Aug 20, 2021
  • First Mortgage Loan Amount: $101,175
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1924 North Drexel Avenue located in?
The 1924 North Drexel Avenue is a located in the neighborhood of Near Eastside in Near Eastside, Indianapolis.
What is the average sales price for listings in 1924 North Drexel Avenue?
The average sales price for units in 1924 North Drexel Avenue is $0 currently.

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