3340 Madison Avenue

Local assessors in Indianapolis, IN have categorized 3340 Madison Avenue as a commercial type of property. The home was built in 1940 and is 84 years old. It was most recently renovated and altered in 2004. The property's lot size has been calculated to be 3,354 square feet. 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 3340 Madison Avenue has a total of 6,208 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. 3340 Madison Avenue is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". The home sources its water from none system. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 metal 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 - C. Lots of concrete block were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Aug 11, 2021 for $340,000. That's $54.77 per sqft. Prior to that sales transaction, the property was also sold in Aug 27, 2014 for $123,700. 3340 Madison Avenue was last assessed in 2023. The total value of the property was assessed at $208,400. Specifically, the land the property is located on was valued at $7,000. While improvements on the property were assessed at a total of $201,400. 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 $6,860. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.