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3165 Station Street

3165 Station Street, Indianapolis, IN 46218
Sold Aug 18, 2020
$35,000
$10,200,000 by Indiana University Credit Unio
Mortgage Due Apr 15, 2037
Sold Nov 14, 2019
$14,000
$30,000 by Magenta Holdings Llc
Mortgage
Local assessors in Indianapolis, IN have categorized 3165 Station Street as a residential type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 10,454 square feet. The linear feet between the front and back of the lot was measured at 1,900 ft and the front of the lot was measured at 550 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 5 rooms in the home. Of these, 3 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 3165 Station Street has a total of 768 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 384 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. The property was last sold in Aug 5, 2020 for $35,000. That's $30.38 per sqft. Prior to that sales transaction, the property was also sold in Nov 8, 2019 for $14,000. 3165 Station Street was last assessed in 2023. The total value of the property was assessed at $64,000. Specifically, the land the property is located on was valued at $5,800. While improvements on the property were assessed at a total of $58,200. 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 $1,355. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 2
  • Basement Type: Full basement
  • Basement Area: 384
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • 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: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: C A GREENLEAFS SUB C A GREENLEAF ADD
  • Land Acres: 0.24
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: GREENLEAF ETAL SUB L1 B8 11FT N SIDE L2 B8

Ownership

  • Current Owner : RUHL INVESTMENTS GROUP LLC
  • Previous Owner : EXECUTIVE PROPERTY INVESTMENTS LLC
  • Owner Before Previous Owner: CLEMENS ALEXTON
  • Owner Before Previous Owner 2: CLEMENS SABRINIA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 350700

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2229-D4
  • District: 0001
  • Section: 200
  • Parcel: 49-07-20-116-036.000-101
  • Lot: 1
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.8143
  • Longitude: -86.104

    Address

  • Full Address: 3165 Station St
  • Address - House Number: 3165
  • Address - Street Name: Station
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C044
  • 4-Digit Zip Code: 2161
  • Zip Code: 46218

Valuation

    Tax

  • Total Area: 1,152
  • Tax Year: 2022
  • Tax Amount: $1,355
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2619
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 126,576
  • High Value: 159,734
  • Low Value: 93,419

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,200,000
  • First Open Lien Mortgage Lender: INDIANA UNIVERSITY CREDIT UNIO
  • First Open Lien Mortgage Recording Date: May 19, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $10,200,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 15, 2037

    Market Valuation

  • Market Total Value: $64,000
  • Market Land Value: $5,800
  • Market Improvement Value: $58,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,000
  • Assessed Land Value: $5,800
  • Assessed Improvements Value: $58,200

    Sales

  • Current Sale Contract Date: Aug 05, 2020
  • Current Sale Recording Date: Aug 18, 2020
  • Current Sale Transaction ID: 11787546235
  • Current Sale Price: $35,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202000089576
  • Previous Sale Recording Date: Nov 14, 2019
  • Previous Sale Contract Date: Nov 08, 2019
  • Previous Sale Amount: $14,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MM LENDING LLC
  • First Mortgage Transaction Date: Aug 18, 2020
  • First Mortgage Loan Amount: $47,383
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MAGENTA HOLDINGS LLC
  • Previous Mortgage Transaction Date: Nov 14, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $30,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Martindale - Brightwood



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Frequently Asked Questions

What neighborhood is 3165 Station Street located in?
The 3165 Station Street is a multifamily located in the neighborhood of Martindale - Brightwood in Martindale - Brightwood, Indianapolis.
What is the average sales price for listings in 3165 Station Street?
The average sales price for units in 3165 Station Street is $48,999 currently.

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