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3358 North College Avenue

3358 North College Avenue, Indianapolis, IN 46205
Sold May 19, 2022
$12,750,000
$10,200,000 by Indiana University Credit Unio
Mortgage Due Apr 15, 2037
Sold Sep 28, 2021
$299,100
$239,310 by Mmx Llc
Mortgage Due Sep 17, 2022
3358 North College Avenue 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 1910 and is 114 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. The building has a total of 2 stories. In addition, 3358 North College Avenue has 1,401 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 345 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,310 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,534 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 frame 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 roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Apr 22, 2022 for $12,750,000. That's $7,302.41 per sqft. Prior to that sales transaction, the property was also sold in Sep 16, 2021 for $299,100. 3358 North College Avenue was last assessed in 2023. The total value of the property was assessed at $222,900. Specifically, the land the property is located on was valued at $35,500. While improvements on the property were assessed at a total of $187,400. 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 $4,806. The initial tax year of delinquency was in 2020. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Partial basement
  • Basement Area: 345
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,746
  • Gross Building Area: 1,746
  • Building Area: 1,401
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,401
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: OSGOODS FOREST PARK ADD
  • Land Acres: 0.15
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: OSGOODS FOREST PK ADD L184

Ownership

  • Current Owner : RUHL INVESTMENTS GROUP LLC
  • Previous Owner : INDIANAPOLIS REAL ESTATE INVESTMENTS LLC
  • Owner Before Previous Owner: SHAKE & BAKE LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 350900

Geography

  • Assessors Map Reference: 2228-D3
  • District: 0001
  • Section: 240
  • Parcel: 49-06-24-142-105.000-101
  • Lot: 184
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.8173
  • Longitude: -86.1453

    Address

  • Full Address: 3358 N College Ave
  • Address - House Number: 3358
  • Street Direction: N
  • Address - Street Name: College
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C039
  • 4-Digit Zip Code: 3860
  • Zip Code: 46205

Valuation

    Tax

  • Total Area: 1,746
  • Tax Year: 2022
  • Tax Amount: $4,806
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2388
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 66
  • Final Value: 316,706
  • High Value: 392,338
  • Low Value: 241,074

    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: $222,900
  • Market Land Value: $35,500
  • Market Improvement Value: $187,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $222,900
  • Assessed Land Value: $35,500
  • Assessed Improvements Value: $187,400

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: May 19, 2022
  • Current Sale Transaction ID: 11888252667
  • Current Sale Price: $12,750,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 58218
  • Previous Sale Recording Date: Sep 28, 2021
  • Previous Sale Contract Date: Sep 16, 2021
  • Previous Sale Amount: $299,100
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INDIANA UNIVERSITY CREDIT UNIO
  • First Mortgage Transaction Date: May 19, 2022
  • First Mortgage Loan Amount: $10,200,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 15, 2037

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MMX LLC
  • Previous Mortgage Transaction Date: Sep 28, 2021
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $239,310
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 17, 2022

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Frequently Asked Questions

What neighborhood is 3358 North College Avenue located in?
The 3358 North College Avenue is a located in the neighborhood of Mapleton - Fall Creek in Mapleton - Fall Creek, Indianapolis.
What is the average sales price for listings in 3358 North College Avenue?
The average sales price for units in 3358 North College Avenue is $0 currently.

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