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3502 East Morris Street

3502 East Morris Street, Indianapolis, IN 46203
Property in Near Southeast
Sold Aug 08, 2018
$35,000
$34,366 by Union Savings Bank
Mortgage Due Aug 01, 2048
Sold Jul 31, 2018
$35,000
3502 East Morris Street in Indianapolis, IN was first built in 1928 and is 96 years old. Although, the building on the property was most recently renovated and altered in 1969. 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. 3502 East Morris Street has 825 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 linear feet across the front of the lot is 470 ft and the linear feet between the front and back of the lot is 1,410. In total, the area measurement of the land is 6,621 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. 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 D. The condition of the building has been evaluated as fair. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a central heating system. 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, 3502 East Morris Street was last sold in Jul 31, 2018 for $35,000. According to our calculations, that's $42.42 per sqft. Prior to that sales transaction, the property was sold for $35,000 in Jan 1, 1970. Current property owners are expected to pay $424 in taxes per year. The property on 3502 East Morris Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $52,100. To break that down further, the land itself was valued at $8,000. While improvements to the property were assessed at a total of $44,100. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,621
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 470
  • Total Building Area: 825
  • Gross Building Area: 825
  • Building Area: 825
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 825
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PROSPECT HEIGHTS ADD
  • Land Acres: 0.152
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: PROSPECT HTS L16

Ownership

  • Current Owner : WHITNEY ELIZABETH
  • Previous Owner : GONZALES DANIEL MAGANA
  • Previous Owner 2: GONZALES FEDERICO MAGANA
  • Owner Before Previous Owner: MAGANA GONZALES DANIEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 357400

Geography

  • Assessors Map Reference: 2338-C6
  • District: 0001
  • Section: 170
  • Parcel: 49-10-17-121-020.000-101
  • Lot: 16
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7519
  • Longitude: -86.1066

    Address

  • Full Address: 3502 E Morris St
  • Address - House Number: 3502
  • Street Direction: E
  • Address - Street Name: Morris
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C030
  • 4-Digit Zip Code: 2229
  • Zip Code: 46203

Valuation

    Tax

  • Total Area: 825
  • Tax Year: 2022
  • Tax Amount: $424
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2566
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 63
  • Final Value: 107,395
  • High Value: 134,952
  • Low Value: 79,837

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $34,366
  • First Open Lien Mortgage Lender: UNION SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Aug 08, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $34,366
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2048

    Market Valuation

  • Market Total Value: $52,100
  • Market Land Value: $8,000
  • Market Improvement Value: $44,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,100
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $44,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2018
  • Current Sale Recording Date: Aug 08, 2018
  • Current Sale Transaction ID: 11507073241
  • Current Sale Price: $35,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201800079389
  • Previous Sale Recording Date: Jul 31, 2018
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION SAVINGS BANK
  • First Mortgage Transaction Date: Aug 08, 2018
  • First Mortgage Loan Amount: $34,366
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 3502 East Morris Street located in?
The 3502 East Morris Street is a located in the neighborhood of Near Southeast in Near Southeast, Indianapolis.
What is the average sales price for listings in 3502 East Morris Street?
The average sales price for units in 3502 East Morris Street is $0 currently.

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