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3051 North Pennsylvania Street

3051 North Pennsylvania Street, Indianapolis, IN 46205
Multifamily in Meridian Park
3051 North Pennsylvania Street 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 1955 and is 69 years old. However, we must point out that the home was most recently renovated and altered in 1970. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3051 North Pennsylvania Street has 6,812 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 40,337 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 detached garage for those who require parking. The garage measured 1,296 sqft. According to our sources, there are a total of 8 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as fair. 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 concrete block 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 exterior walls of the building are made of brick. Finally, the property is currently sourcing its water from none system. The property was last sold in Oct 29, 2019 for $263,000. That's $38.61 per sqft. 3051 North Pennsylvania Street was last assessed in 2023. The total value of the property was assessed at $500,700. Specifically, the land the property is located on was valued at $274,200. While improvements on the property were assessed at a total of $226,500. 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 $10,192. 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. 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

Brick Exterior / Wood Exterior
Wood Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190927
09/27/2019
Studio
-
-
$250,000
bedrooms
Studio
bathrooms
-
$263,000 +5.20%
11/01/2019
-
Robbie Williams

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1970
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 3
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 1,296
  • Parking Space Count: 8

    Dimensions

  • Lot Size Square Feet: 40,337
  • Total Building Area: 6,812
  • Gross Building Area: 6,812
  • Building Area: 6,812
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,812
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: OSGOODS MERIDIAN PARK ADD
  • Land Acres: 0.926
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: OSGOODS MERIDIAN PARK L46, L47 & L48

Ownership

  • Current Owner : GPS PROPERTY ACQUISTION LLC
  • Previous Owner : HEALTH & HOSPITAL CORP
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 351000

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2228-C4
  • District: 0001
  • Section: 240
  • Parcel: 49-06-24-146-022.000-101
  • Lot: 46
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.8117
  • Longitude: -86.1543

    Address

  • Full Address: 3051 N Pennsylvania St
  • Address - House Number: 3051
  • Street Direction: N
  • Address - Street Name: Pennsylvania
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C024
  • 4-Digit Zip Code: 3924
  • Zip Code: 46205

Valuation

    Tax

  • Total Area: 3,406
  • Tax Year: 2022
  • Tax Amount: $10,192
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.4644
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 7
  • Final Value: 366,197
  • High Value: 536,271
  • Low Value: 196,122

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $248,000
  • First Open Lien Mortgage Lender: COMMUNITY FIRST BANK/INDIANA
  • First Open Lien Mortgage Recording Date: Mar 01, 2024
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $248,000
  • 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: Mar 01, 2054

    Market Valuation

  • Market Total Value: $500,700
  • Market Land Value: $274,200
  • Market Improvement Value: $226,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $500,700
  • Assessed Land Value: $274,200
  • Assessed Improvements Value: $226,500

    Sales

  • Current Sale Contract Date: Oct 29, 2019
  • Current Sale Recording Date: Nov 01, 2019
  • Current Sale Transaction ID: 11679726943
  • Current Sale Price: $263,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201900108450

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY FIRST BANK
  • First Mortgage Transaction Date: Nov 01, 2019
  • First Mortgage Loan Amount: $210,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About Mapleton - Fall Creek



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Frequently Asked Questions

What neighborhood is 3051 North Pennsylvania Street located in?
The 3051 North Pennsylvania Street is a multifamily located in the neighborhood of Meridian Park in Mapleton - Fall Creek, Indianapolis.
What is the average sales price for listings in 3051 North Pennsylvania Street?
The average sales price for units in 3051 North Pennsylvania Street is $250,000 currently.

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