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2880 East Hanna Avenue

2880 East Hanna Avenue, Indianapolis, IN 46227
Commercial in Carson Heights
2880 East Hanna Avenue in Indianapolis, IN was first built in 1950 and is 74 years old. Although, the building on the property was most recently renovated and altered in 1954. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. 2880 East Hanna Avenue has 768 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. In total, the area measurement of the land is 435,600 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 none system. We do not have data on where the property's water is sourced from. 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 C. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete block. Walk into the home itself and you'll find that it is currently being cooled with no 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, 2880 East Hanna Avenue was last sold in Jan 1, 1970 for $10,625,000. According to our calculations, that's $13,834.64 per sqft. Prior to that sales transaction, the property was sold for $500,000 in Jan 23, 2019. Current property owners are expected to pay $1,718 in taxes per year. The property on 2880 East Hanna Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,572,600. To break that down further, the land itself was valued at $61,300. While improvements to the property were assessed at a total of $5,511,300. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180129
01/29/2018
Studio
-
-
$310,000
bedrooms
Studio
bathrooms
-
$687,500 +121.77%
01/28/2019
-
Maurice Harbert

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 435,600
  • Total Building Area: 768
  • Gross Building Area: 768
  • Building Area: 768
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 768
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Land Acres: 10
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: PT SE1/4 SW1/4 S29 T15 R4 BEG 484.1 E OF SW COR P.O.B. E416 N1047.12 W416 S1047.12 TO BEG 9.81 AC

Ownership

  • Current Owner : UP HANNA COMMONS LP
  • Previous Owner : UPD HANNA COMMONS LLC
  • Owner Before Previous Owner: STRONG KATHY A
  • Owner Before Previous Owner 2: SEIDNER ROBERT
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Perry Township Metropolitan School District
  • Census Tract: 381002

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2447-C4
  • District: 0005
  • Section: 290
  • Parcel: 49-10-29-112-003.000-574
  • Meridian: SEC 29 TWN 15 RNG 4
  • Municipality: PERRY TOWNSHIP
  • Latitude: 39.709
  • Longitude: -86.1138

    Address

  • Full Address: 2880 E Hanna Ave
  • Address - House Number: 2880
  • Street Direction: E
  • Address - Street Name: Hanna
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C043
  • 4-Digit Zip Code: 3653
  • Zip Code: 46227

Valuation

    Tax

  • Total Area: 768
  • Tax Year: 2022
  • Tax Amount: $1,718
  • Tax Rate Code Area: 574

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 9
  • Final Value: 255,172
  • High Value: 371,226
  • Low Value: 139,117

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $10,000,000
  • First Open Lien Mortgage Lender: FIFTH THIRD BANK NATIONAL ASSO
  • First Open Lien Mortgage Recording Date: Jun 09, 2022
  • First Open Lien Mortgage Loan Amount: $8,500,000
  • First Open Lien Mortgage Term: 24
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: May 27, 2024
  • Second Open Lien Mortgage Lender: SOUTHEAST NEIGHBORHOOD DEVELOP
  • Second Open Lien Mortgage Recording Date: Jun 09, 2022
  • Second Open Lien Mortgage Loan Amount: $1,500,000
  • Second Open Lien Mortgage Term: 24
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: May 27, 2024

    Market Valuation

  • Market Total Value: $5,572,600
  • Market Land Value: $61,300
  • Market Improvement Value: $5,511,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,572,600
  • Assessed Land Value: $61,300
  • Assessed Improvements Value: $5,511,300

    Sales

  • Current Sale Recording Date: Jun 09, 2022
  • Current Sale Transaction ID: 11890049680
  • Current Sale Price: $10,625,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 65682
  • Previous Sale Recording Date: Jan 28, 2019
  • Previous Sale Contract Date: Jan 23, 2019
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD BANK NATIONAL ASSO
  • First Mortgage Transaction Date: Jun 09, 2022
  • First Mortgage Loan Amount: $8,500,000
  • First Mortgage Terms: 24
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: May 27, 2024
  • Second Mortgage Lender: SOUTHEAST NEIGHBORHOOD DEVELOP
  • Second Mortgage Transaction Date: Jun 09, 2022
  • Second Mortgage Loan Amount: $1,500,000

    Previous Mortgages

  • Previous Mortgage Lender: CORP SUPPORTIVE HSNG
  • Previous Mortgage Transaction Date: Jan 28, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $550,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About University Heights



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2880 East Hanna Avenue located in?
The 2880 East Hanna Avenue is a commercial located in the neighborhood of Carson Heights in University Heights, Indianapolis.
What is the average sales price for listings in 2880 East Hanna Avenue?
The average sales price for units in 2880 East Hanna Avenue is $310,000 currently.

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