2027 Prospect Street

Local assessors in Indianapolis, IN have categorized 2027 Prospect Street as a commercial type of property. The home was built in 1924 and is 100 years old. It was most recently renovated and altered in 1980. The property's lot size has been calculated to be 2,880 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2027 Prospect Street has a total of 2,172 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 2027 Prospect Street is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". The home sources its water from none system. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of concrete block were used in the construction of the exterior walls of the home. The property was last sold in Jan 1, 1970 for $145,000. That's $66.76 per sqft. 2027 Prospect Street was last assessed in 2023. The total value of the property was assessed at $83,600. Specifically, the land the property is located on was valued at $6,300. While improvements on the property were assessed at a total of $77,300. 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 $2,623. 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!