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2509 North Delaware Street

2509 North Delaware Street, Indianapolis, IN 46205
Property in Fall Creek Place
Sold Aug 31, 2022
$596,800
$477,437 by Merchants Bank Of Indiana
Mortgage Due Sep 01, 2032
Sold Jan 28, 2021
$425,000
$340,000 by First Bank Richmond Na
Mortgage Due Jan 22, 2041
Local assessors in Indianapolis, IN have categorized 2509 North Delaware Street as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 3,288 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2509 North Delaware Street has a total of 2,880 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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 483 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 masonry 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 - A. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 2509 North Delaware Street sold most recently in Aug 24, 2022 for a total of $596,800. If you work out the math, that's approximately a cost of $207.22 per sqft. Before that, the property was also sold for $425,000 in Jan 22, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,400 in taxes each year. The initial year of tax delinquency occurred in 2022. 2509 North Delaware Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $417,400. If we break it down further, the land itself was valued at $29,600. Improvements to the property, however, were assessed at a total of $387,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Building Style: Triplex
  • Floor Count: 2
  • Living Units: 2
  • Business/Commerical Units Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 483
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,288
  • Total Building Area: 2,880
  • Gross Building Area: 2,880
  • Building Area: 2,880
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,880
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: DOUGLAS POINTE LOFTS
  • Land Acres: 0.076
  • Standard Land Use Code: Triplex (3 units, any combination)
  • County Land Use Code: Structures (general)
  • Legal Description 1: DOUGLAS POINTE LOFTS L1

Ownership

  • Current Owner : MAYWRIGHT CO LLC
  • Previous Owner : JACOBSON RENTALS LLC
  • Owner Before Previous Owner: TRAYLOR GROUP INC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 351600

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2228-D5
  • District: 0001
  • Section: 250
  • Parcel: 49-06-25-133-199.000-101
  • Lot: 1
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.8033
  • Longitude: -86.1527

    Address

  • Full Address: 2509 N Delaware St
  • Address - House Number: 2509
  • Street Direction: N
  • Address - Street Name: Delaware
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C026
  • 4-Digit Zip Code: 4389
  • Zip Code: 46205

Valuation

    Tax

  • Total Area: 1,240
  • Tax Year: 2022
  • Tax Amount: $9,400
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 490,942
  • High Value: 601,275
  • Low Value: 380,609

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $477,437
  • First Open Lien Mortgage Lender: MERCHANTS BANK OF INDIANA
  • First Open Lien Mortgage Recording Date: Aug 31, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $477,437
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2032

    Market Valuation

  • Market Total Value: $417,400
  • Market Land Value: $29,600
  • Market Improvement Value: $387,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $417,400
  • Assessed Land Value: $29,600
  • Assessed Improvements Value: $387,800

    Sales

  • Current Sale Contract Date: Aug 24, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Transaction ID: 11895364926
  • Current Sale Price: $596,800
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 97745
  • Previous Sale Recording Date: Jan 28, 2021
  • Previous Sale Contract Date: Jan 22, 2021
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MERCHANTS BANK OF INDIANA
  • First Mortgage Transaction Date: Aug 31, 2022
  • First Mortgage Loan Amount: $477,437
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2032

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST BANK RICHMOND NA
  • Previous Mortgage Transaction Date: Jan 28, 2021
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $340,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 22, 2041

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Frequently Asked Questions

What neighborhood is 2509 North Delaware Street located in?
The 2509 North Delaware Street is a located in the neighborhood of Fall Creek Place in Near Northside, Indianapolis.
What is the average sales price for listings in 2509 North Delaware Street?
The average sales price for units in 2509 North Delaware Street is $0 currently.

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