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308 North Riley Avenue

308 North Riley Avenue, Indianapolis, IN 46201
Multifamily in Emerson Heights
Sold Mar 15, 2021
Transfer
Buyer
Seller
Sold Oct 12, 2020
$75,000
$112,000 by Alincoe Llc
Mortgage
Local assessors in Indianapolis, IN have categorized 308 North Riley Avenue as a residential type of property. The home was built in 1915 and is 109 years old. The property's lot size has been calculated to be 3,398 square feet. The linear feet between the front and back of the lot was measured at 870 ft and the front of the lot was measured at 390 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 12 rooms in the home. Of these, 6 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 308 North Riley Avenue has a total of 1,320 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 full basement that is 660 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. 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 no air conditioning for their cooling system. The home's a central heating system is the primary heating source. Prior to that sales transaction, the property was also sold in Sep 16, 2020 for $75,000. 308 North Riley Avenue was last assessed in 2023. The total value of the property was assessed at $93,800. Specifically, the land the property is located on was valued at $15,600. While improvements on the property were assessed at a total of $78,200. 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 $2,333. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Wood Exterior

Parking

On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Full basement
  • Basement Area: 660
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,398
  • Lot Size Depth Feet: 870
  • Lot Size Frontage Feet: 390
  • Total Building Area: 1,980
  • Gross Building Area: 1,980
  • Building Area: 1,320
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,320
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LAYMAN & CAREYS IRVINGTON PARK ADD
  • Land Acres: 0.078
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: LAYMAN & CAREYS IRVINGTON PARK ADD 39FT N END L51 &L52

Ownership

  • Current Owner : ALNICOE LLC
  • Previous Owner : FORSDIKE JOHN
  • Owner Before Previous Owner: JLH IN IN R1 02 LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 355400

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2339-A3
  • District: 0001
  • Section: 4015004
  • Parcel: 49-10-04-144-085.000-101
  • Lot: 51,52
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7727
  • Longitude: -86.0862

    Address

  • Full Address: 308 N Riley Ave
  • Address - House Number: 308
  • Street Direction: N
  • Address - Street Name: Riley
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C007
  • 4-Digit Zip Code: 3716
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 1,980
  • Tax Year: 2022
  • Tax Amount: $2,333
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 63
  • Final Value: 194,768
  • High Value: 244,621
  • Low Value: 144,916

    Market Valuation

  • Market Total Value: $93,800
  • Market Land Value: $15,600
  • Market Improvement Value: $78,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,800
  • Assessed Land Value: $15,600
  • Assessed Improvements Value: $78,200

    Sales

  • Current Sale Contract Date: Mar 11, 2021
  • Current Sale Recording Date: Mar 15, 2021
  • Current Sale Transaction ID: 11831498989
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202100033936
  • Previous Sale Recording Date: Oct 12, 2020
  • Previous Sale Contract Date: Sep 16, 2020
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: ALINCOE LLC
  • Previous Mortgage Transaction Date: Oct 12, 2020
  • Previous Mortgage Loan Amount: $112,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Near Eastside



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Frequently Asked Questions

What neighborhood is 308 North Riley Avenue located in?
The 308 North Riley Avenue is a multifamily located in the neighborhood of Emerson Heights in Near Eastside, Indianapolis.
What is the average sales price for listings in 308 North Riley Avenue?
The average sales price for units in 308 North Riley Avenue is $0 currently.

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