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240 North Holmes Avenue

240 North Holmes Avenue, Indianapolis, IN 46222
Property in Hawthorne
Sold Oct 18, 2019
$80,000
$132,275 by Rocket Mortgage Llc
Mortgage Due Apr 01, 2054
Sold Mar 17, 2008
$82,400
$81,271 by First Horizon Home Loans
Mortgage Due Mar 01, 2038
240 North Holmes 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 1918 and is 106 years old. However, we must point out that the home was most recently renovated and altered in 1986. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 240 North Holmes Avenue has 1,948 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 partial basement that is 854 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 1,350 ft and across the front of the lot is 380 ft. The area measurement of the land has been determined as 5,140 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. Residents will have the luxury of enjoying a unknown. Love to swim? You'll be excited to find out that there is a above ground pool on the property. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 240 North Holmes Avenue was last sold in Sep 9, 2019 for $80,000. According to our calculations, that's $28.55 per sqft. Prior to that sales transaction, the property was sold for $82,400 in Feb 22, 2008. Current property owners are expected to pay $1,358 in taxes per year. The property on 240 North Holmes Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $140,300. To break that down further, the land itself was valued at $4,000. While improvements to the property were assessed at a total of $136,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 854
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Pool Type: Above ground pool

    Dimensions

  • Lot Size Square Feet: 5,140
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 380
  • Total Building Area: 2,802
  • Gross Building Area: 2,802
  • Building Area: 1,948
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,948
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WEST PARK 1ST SEC
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: WEST PARK 1ST SEC L104

Ownership

  • Current Owner : GROSSMAN JASON
  • Current Owner 2: GROSSMAN SHANNAN
  • Previous Owner : SMITH ANGELA R
  • Owner Before Previous Owner: BELLES STEVE G
  • Owner Before Previous Owner 2: BELLES BARBARA D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 390700

Geography

  • Assessors Map Reference: 2336-C3
  • District: 0009
  • Section: 4015003
  • Parcel: 49-11-04-155-027.000-901
  • Lot: 104
  • Municipality: WAYNE TOWNSHIP
  • Latitude: 39.7691
  • Longitude: -86.2057

    Address

  • Full Address: 240 N Holmes Ave
  • Address - House Number: 240
  • Street Direction: N
  • Address - Street Name: Holmes
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C024
  • 4-Digit Zip Code: 4062
  • Zip Code: 46222

Valuation

    Tax

  • Total Area: 2,802
  • Tax Year: 2022
  • Tax Amount: $1,358
  • Tax Rate Code Area: 901

    Appraisal Valuation

  • Standard Deviation: 0.2556
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 63
  • Final Value: 197,259
  • High Value: 247,691
  • Low Value: 146,827

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $143,389
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 25, 2024
  • First Open Lien Mortgage Loan Amount: $132,275
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Feb 08, 2022
  • Second Open Lien Mortgage Loan Amount: $11,114
  • Second Open Lien Mortgage Term: 330
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2049

    Market Valuation

  • Market Total Value: $140,300
  • Market Land Value: $4,000
  • Market Improvement Value: $136,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $140,300
  • Assessed Land Value: $4,000
  • Assessed Improvements Value: $136,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 09, 2019
  • Current Sale Recording Date: Oct 18, 2019
  • Current Sale Transaction ID: 11664360243
  • Current Sale Price: $80,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201900102992
  • Previous Sale Recording Date: Mar 17, 2008
  • Previous Sale Contract Date: Feb 22, 2008
  • Previous Sale Amount: $82,400
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Oct 18, 2019
  • First Mortgage Loan Amount: $78,551
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST HORIZON HOME LOANS
  • Previous Mortgage Transaction Date: Mar 17, 2008
  • Previous Mortgage Loan Amount: $81,271
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2038

About Near Westside



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Frequently Asked Questions

What neighborhood is 240 North Holmes Avenue located in?
The 240 North Holmes Avenue is a located in the neighborhood of Hawthorne in Near Westside, Indianapolis.
What is the average sales price for listings in 240 North Holmes Avenue?
The average sales price for units in 240 North Holmes Avenue is $0 currently.

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