3708 Lorrain Road

3708 Lorrain Road in Indianapolis, IN was first built in 1952 and is 72 years old. Although, the building on the property was most recently renovated and altered in 1998. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. 3708 Lorrain Road has 1,275 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 637 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 1,600. In total, the area measurement of the land is 15,987 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of asphalt. Water for the property is sourced from a water system. For those who need parking, there is a attached garage. The garage is 525 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 brick 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3708 Lorrain Road sold most recently in Apr 2, 2021 for a total of $225,500. If you work out the math, that's approximately a cost of $92.53 per sqft. Before that, the property was also sold for $125,000 in Nov 15, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,756 in taxes each year. 3708 Lorrain Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $185,400. If we break it down further, the land itself was valued at $33,500. Improvements to the property, however, were assessed at a total of $151,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.