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2518 South New Jersey Street

2518 South New Jersey Street, Indianapolis, IN 46225
Sold May 28, 2020
$102,900
$82,353 by Ruoff Mortgage Co Inc
Mortgage
2518 South New Jersey Street in Indianapolis, IN was first built in 1925 and is 99 years old. Although, the building on the property was most recently renovated and altered in 1968. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. 2518 South New Jersey Street has 816 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 408 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,370. In total, the area measurement of the land is 5,489 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 192 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating 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, 2518 South New Jersey Street was last sold in May 28, 2020 for $102,900. According to our calculations, that's $84.07 per sqft. Current property owners are expected to pay $729 in taxes per year. The property on 2518 South New Jersey Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $87,700. To break that down further, the land itself was valued at $13,300. While improvements to the property were assessed at a total of $74,400. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Aluminum Siding

Parking

Guest Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1968
  • 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: Partial basement
  • Basement Area: 408
  • Garage Type: Detached
  • Garage Square Area: 192
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,489
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,224
  • Gross Building Area: 1,224
  • Building Area: 816
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 816
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: GRINSLADE PARKSIDE HEIGHTS ADD DUVALL HE
  • Land Acres: 0.126
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: GRINSLADE PARKSIDE HTS ADD L20

Ownership

  • Current Owner : WRIGHT BENTON T
  • Previous Owner : MONTGOMERY JOHN T
  • Previous Owner 2: MONTGOMERY SHERRY L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 357900

Geography

  • Assessors Map Reference: 2446-D1
  • District: 0001
  • Section: 240
  • Parcel: 49-11-24-145-005.000-101
  • Lot: 20
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7309
  • Longitude: -86.1507

    Address

  • Full Address: 2518 S New Jersey St
  • Address - House Number: 2518
  • Street Direction: S
  • Address - Street Name: New Jersey
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C002
  • 4-Digit Zip Code: 2117
  • Zip Code: 46225

Valuation

    Tax

  • Total Area: 1,224
  • Tax Year: 2022
  • Tax Amount: $729
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.0993
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 73
  • Final Value: 156,000
  • High Value: 172,000
  • Low Value: 141,000

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $82,353
  • First Open Lien Mortgage Lender: RUOFF MORTGAGE CO INC
  • First Open Lien Mortgage Recording Date: May 28, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $82,353
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $87,700
  • Market Land Value: $13,300
  • Market Improvement Value: $74,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,700
  • Assessed Land Value: $13,300
  • Assessed Improvements Value: $74,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 28, 2020
  • Current Sale Recording Date: May 28, 2020
  • Current Sale Transaction ID: 11767757277
  • Current Sale Price: $102,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202000053244

    Last Sale Mortgage

  • First Mortgage Lender: RUOFF MORTGAGE CO INC
  • First Mortgage Transaction Date: May 28, 2020
  • First Mortgage Loan Amount: $82,353
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Garfield Park



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Frequently Asked Questions

What neighborhood is 2518 South New Jersey Street located in?
The 2518 South New Jersey Street is a house located in the neighborhood of Garfield Park in Garfield Park, Indianapolis.
What is the average sales price for listings in 2518 South New Jersey Street?
The average sales price for units in 2518 South New Jersey Street is $0 currently.

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