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2609 Shelby Street

2609 Shelby Street, Indianapolis, IN 46203
Property in Garfield Park
Sold May 18, 2023
$166,250
$125,000 by Gateway Mortgage Corporation
Mortgage Due Jun 01, 2053
Sold Apr 09, 2021
$154,000
$123,200 by Stifel Bank & Trust
Mortgage Due May 01, 2051
Local assessors in Indianapolis, IN have categorized 2609 Shelby Street as a residential type of property. The home was built in 1900 and is 124 years old. It was most recently renovated and altered in 1955. The property's lot size has been calculated to be 4,879 square feet. The linear feet between the front and back of the lot was measured at 1,350 ft and the front of the lot was measured at 360 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. 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 2609 Shelby Street has a total of 1,548 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a unknown that is 1,032 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 700 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 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. The building has a roof that is made of asphalt. The home's a central heating system is the primary heating source. 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, 2609 Shelby Street was last sold in May 11, 2023 for $166,250. According to our calculations, that's $53.70 per sqft. Prior to that sales transaction, the property was sold for $154,000 in Apr 5, 2021. Current property owners are expected to pay $2,924 in taxes per year. The property on 2609 Shelby Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $123,300. To break that down further, the land itself was valued at $8,200. While improvements to the property were assessed at a total of $115,100. 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. 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.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: 1900
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 1,032
  • Garage Type: Detached
  • Garage Square Area: 700
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,879
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 360
  • Total Building Area: 3,096
  • Gross Building Area: 3,096
  • Building Area: 1,548
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,548
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HOLLIDAYS GARFIELD PARK ADD
  • Land Acres: 0.112
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: HOLLIDAYS GARFIELD PARK ADD L10

Ownership

  • Current Owner : HOFFMANN GREGORY ALAN
  • Previous Owner : COLEMAN TARA
  • Owner Before Previous Owner: PILLARIO FLIP FUND
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2446-E1
  • Parcel: 49-10-19-117-187.000-101
  • Lot: 10
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.73
  • Longitude: -86.1393

    Address

  • Full Address: 2609 Shelby St
  • Address - House Number: 2609
  • Address - Street Name: Shelby
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C011
  • 4-Digit Zip Code: 5230
  • Zip Code: 46203

Valuation

    Tax

  • Total Area: 3,096
  • Tax Year: 2022
  • Tax Amount: $2,924
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2566
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 63
  • Final Value: 211,931
  • High Value: 266,313
  • Low Value: 157,549

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $125,000
  • First Open Lien Mortgage Lender: GATEWAY MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: May 18, 2023
  • First Open Lien Mortgage Loan Amount: $125,000
  • 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: Jun 01, 2053

    Market Valuation

  • Market Total Value: $123,300
  • Market Land Value: $8,200
  • Market Improvement Value: $115,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $123,300
  • Assessed Land Value: $8,200
  • Assessed Improvements Value: $115,100

    Sales

  • Current Sale Contract Date: May 11, 2023
  • Current Sale Recording Date: May 18, 2023
  • Current Sale Transaction ID: 11906830063
  • Current Sale Price: $166,250
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 39433
  • Previous Sale Recording Date: Apr 09, 2021
  • Previous Sale Contract Date: Apr 05, 2021
  • Previous Sale Amount: $154,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY MORTGAGE CORPORATION
  • First Mortgage Transaction Date: May 18, 2023
  • First Mortgage Loan Amount: $125,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: STIFEL BANK & TRUST
  • Previous Mortgage Transaction Date: Apr 09, 2021
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $123,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2051

About Garfield Park



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Frequently Asked Questions

What neighborhood is 2609 Shelby Street located in?
The 2609 Shelby Street is a located in the neighborhood of Garfield Park in Garfield Park, Indianapolis.
What is the average sales price for listings in 2609 Shelby Street?
The average sales price for units in 2609 Shelby Street is $0 currently.

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