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331 South Lockburn Street

331 South Lockburn Street, Indianapolis, IN 46241
Sold Sep 23, 2021
$82,500
$66,000 by Hoosier Heartland State Bank
Mortgage
Sold Aug 17, 2018
$79,500
$78,452 by Bailey & Wood Financial Group
Mortgage Due Sep 01, 2048
331 South Lockburn Street in Indianapolis, IN was first built in 1920 and is 104 years old. Although, the building on the property was most recently renovated and altered in 2002. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 2 are bedrooms. 331 South Lockburn Street has 960 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. The basement is 960 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 410 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 4,922 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 a water system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 480 sqft. There are a total of 2 available parking spaces. 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. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 331 South Lockburn Street was last sold in Sep 17, 2021 for $82,500. According to our calculations, that's $42.97 per sqft. Prior to that sales transaction, the property was sold for $79,500 in Aug 10, 2018. Current property owners are expected to pay $3,146 in taxes per year. The property on 331 South Lockburn Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $131,400. To break that down further, the land itself was valued at $4,400. While improvements to the property were assessed at a total of $127,000. 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 960
  • Garage Type: Detached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,922
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 410
  • Total Building Area: 1,920
  • Gross Building Area: 1,920
  • Building Area: 960
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 960
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SHELTON HEIGHTS
  • Land Acres: 0.113
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SHELTON HEIGHTS L29

Ownership

  • Current Owner : ANDERSON GARY STEVEN
  • Previous Owner : LEKSE LAUREN O
  • Owner Before Previous Owner: MARTEN INVESTMENTS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wayne Township Metropolitan School District
  • Census Tract: 342500

Geography

  • Assessors Map Reference: 2336-A4
  • District: 0009
  • Section: 8015003
  • Parcel: 49-11-08-110-001.000-930
  • Lot: 29
  • Municipality: WAYNE TOWNSHIP
  • Latitude: 39.7606
  • Longitude: -86.2281

    Address

  • Full Address: 331 S Lockburn St
  • Address - House Number: 331
  • Street Direction: S
  • Address - Street Name: Lockburn
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C004
  • 4-Digit Zip Code: 1501
  • Zip Code: 46241

Valuation

    Tax

  • Total Area: 1,920
  • Tax Year: 2022
  • Tax Amount: $3,146
  • Tax Rate Code Area: 930

    Appraisal Valuation

  • Standard Deviation: 0.2538
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 64
  • Final Value: 148,781
  • High Value: 186,553
  • Low Value: 111,008

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $66,000
  • First Open Lien Mortgage Lender: HOOSIER HEARTLAND STATE BANK
  • First Open Lien Mortgage Recording Date: Sep 23, 2021
  • First Open Lien Mortgage Loan Amount: $66,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $131,400
  • Market Land Value: $4,400
  • Market Improvement Value: $127,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,400
  • Assessed Land Value: $4,400
  • Assessed Improvements Value: $127,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Transaction ID: 11858632568
  • Current Sale Price: $82,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202100127772
  • Previous Sale Recording Date: Aug 17, 2018
  • Previous Sale Contract Date: Aug 10, 2018
  • Previous Sale Amount: $79,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOOSIER HEARTLAND STATE BANK
  • First Mortgage Transaction Date: Sep 23, 2021
  • First Mortgage Loan Amount: $66,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: BAILEY & WOOD FINANCIAL GROUP
  • Previous Mortgage Transaction Date: Aug 17, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $78,452
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2048

About Garden City



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Frequently Asked Questions

What neighborhood is 331 South Lockburn Street located in?
The 331 South Lockburn Street is a house located in the neighborhood of Shelton Heights in Garden City, Indianapolis.
What is the average sales price for listings in 331 South Lockburn Street?
The average sales price for units in 331 South Lockburn Street is $99,500 , or $52/sqft. currently.

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