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2720 North Olney Street

2720 North Olney Street, Indianapolis, IN 46218
Multifamily in Oakhill
Local assessors in Indianapolis, IN have categorized 2720 North Olney Street as a residential type of property. The home was built in 1920 and is 104 years old. 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 1,360 ft and the front of the lot was measured at 360 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. 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, 2 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 2720 North Olney Street has a total of 650 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. Moving onto specific details regarding the building. Our sources show that the building condition is fair. 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 - D. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Sep 2, 2020 for $38,250. That's $58.85 per sqft. Prior to that sales transaction, the property was also sold in May 16, 2017 for $55,000. 2720 North Olney Street was last assessed in 2023. The total value of the property was assessed at $51,300. Specifically, the land the property is located on was valued at $4,700. While improvements on the property were assessed at a total of $46,600. 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 $1,727. The initial tax year of delinquency was in 2020. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Aluminum Siding

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200309
03/09/2020
Studio
-
-
$59,900
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,879
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 360
  • Total Building Area: 650
  • Gross Building Area: 650
  • Building Area: 650
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 650
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LENOX PLACE ADD SEC 2
  • Land Acres: 0.112
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: LENOX PLACE 2ND SEC L296

Ownership

  • Current Owner : MJ CIRCLE CITY LLC
  • Previous Owner : COMMUNITY PROPERTY LLC
  • Owner Before Previous Owner: OCEANPOINTE INVESTMENTS LTD
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 352100

Geography

  • Assessors Map Reference: 2229-C5
  • District: 0001
  • Section: 290
  • Parcel: 49-07-29-135-109.000-101
  • Lot: 296
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.806
  • Longitude: -86.1075

    Address

  • Full Address: 2720 N Olney St
  • Address - House Number: 2720
  • Street Direction: N
  • Address - Street Name: Olney
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C027
  • 4-Digit Zip Code: 2915
  • Zip Code: 46218

Valuation

    Tax

  • Total Area: 650
  • Tax Year: 2022
  • Tax Amount: $1,727
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2619
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 115,635
  • High Value: 145,926
  • Low Value: 85,344

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: MORTON COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Feb 11, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $500,000
  • 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: Jan 31, 2032

    Market Valuation

  • Market Total Value: $51,300
  • Market Land Value: $4,700
  • Market Improvement Value: $46,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,300
  • Assessed Land Value: $4,700
  • Assessed Improvements Value: $46,600

    Sales

  • Current Sale Contract Date: Sep 02, 2020
  • Current Sale Recording Date: Sep 09, 2020
  • Current Sale Transaction ID: 11791799604
  • Current Sale Price: $38,250
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202000100165
  • Previous Sale Recording Date: May 25, 2017
  • Previous Sale Contract Date: May 16, 2017
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: Deed

About Martindale - Brightwood



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Nearby Rentals

Unit for rent at

$1,695 /mo

  • 3 Beds
  • 2 Baths
  • 1,400 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 2720 North Olney Street located in?
The 2720 North Olney Street is a multifamily located in the neighborhood of Oakhill in Martindale - Brightwood, Indianapolis.
What is the average sales price for listings in 2720 North Olney Street?
The average sales price for units in 2720 North Olney Street is $0 currently.

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