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2723 Rothe Lane

2723 Rothe Lane, Indianapolis, IN 46229
Property in Far Eastside
Sold May 21, 2020
$155,000
Seller
$151,000 by First Merchants Bank Na
Mortgage
Sold Dec 29, 2014
$105,500
2723 Rothe Lane 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 2005 and is 19 years old. However, we must point out that the home was most recently renovated and altered in 2008. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2723 Rothe Lane has 1,656 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 550 ft. The area measurement of the land has been determined as 6,621 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 attached garage for those who require parking. The garage measured 400 sqft. According to our sources, there are a total of 2 available parking spaces. 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 masonry 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 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 none 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, 2723 Rothe Lane was last sold in May 13, 2020 for $155,000. According to our calculations, that's $75.39 per sqft. Prior to that sales transaction, the property was sold for $105,500 in Dec 16, 2014. Current property owners are expected to pay $1,948 in taxes per year. The property on 2723 Rothe Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $220,800. To break that down further, the land itself was valued at $24,600. While improvements to the property were assessed at a total of $196,200. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 2005
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,621
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,056
  • Gross Building Area: 2,056
  • Building Area: 1,656
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,656
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: CUMBERLAND LAKES SEC 5
  • Land Acres: 0.152
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: CUMBERLAND LAKES SEC 5 L 194

Ownership

  • Current Owner : MORGAN JODI L
  • Previous Owner : GRAHAM MIKE
  • Owner Before Previous Owner: GRAHAM MIKE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Warren Township Metropolitan School District
  • Census Tract: 360405

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2232-D5
  • District: 0007
  • Section: 270
  • Parcel: 49-08-27-113-051.000-700
  • Lot: 194
  • Municipality: WARREN TOWNSHIP
  • Latitude: 39.8081
  • Longitude: -85.9589

    Address

  • Full Address: 2723 Rothe Ln
  • Address - House Number: 2723
  • Address - Street Name: Rothe
  • Address - Suffix Type: Ln
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: R011
  • 4-Digit Zip Code: 5517
  • Zip Code: 46229

Valuation

    Tax

  • Total Area: 1,656
  • Tax Year: 2022
  • Tax Amount: $1,948
  • Tax Rate Code Area: 700

    Appraisal Valuation

  • Standard Deviation: 0.2221
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 270,513
  • High Value: 330,609
  • Low Value: 210,418

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $151,000
  • First Open Lien Mortgage Lender: FIRST MERCHANTS BANK NA
  • First Open Lien Mortgage Recording Date: May 21, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $151,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $220,800
  • Market Land Value: $24,600
  • Market Improvement Value: $196,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $220,800
  • Assessed Land Value: $24,600
  • Assessed Improvements Value: $196,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 13, 2020
  • Current Sale Recording Date: May 21, 2020
  • Current Sale Transaction ID: 11766316732
  • Current Sale Price: $155,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202000051316
  • Previous Sale Recording Date: Dec 29, 2014
  • Previous Sale Contract Date: Dec 16, 2014
  • Previous Sale Amount: $105,500
  • Previous Sale Document Type: Land Contract

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MERCHANTS BANK NA
  • First Mortgage Transaction Date: May 21, 2020
  • First Mortgage Loan Amount: $151,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MIKE GRAHAM
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Dec 31, 2017

About Far Eastside



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2723 Rothe Lane located in?
The 2723 Rothe Lane is a located in the neighborhood of Far Eastside in Far Eastside, Indianapolis.
What is the average sales price for listings in 2723 Rothe Lane?
The average sales price for units in 2723 Rothe Lane is $0 currently.

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