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3741 Hillside Avenue

3741 Hillside Avenue, Indianapolis, IN 46218
Multifamily in Meadows
Sold Nov 30, 2021
$87,500
$75,600 by Loan Funder Llc Series 52143
Mortgage Due Jun 01, 2053
Sold Nov 30, 2021
$87,500
$70,000 by Gary Hamand
Mortgage Due Nov 05, 2022
Local assessors in Indianapolis, IN have categorized 3741 Hillside Avenue as a residential type of property. The home was built in 1940 and is 84 years old. It was most recently renovated and altered in 1970. The property's lot size has been calculated to be 6,708 square feet. The linear feet between the front and back of the lot was measured at 1,680 ft and the front of the lot was measured at 400 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3741 Hillside Avenue has a total of 840 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 840 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 324 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is poor. 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 frame 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 - D. The building has a roof that is made of asphalt. Residents rely on no air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 3741 Hillside Avenue sold most recently in Nov 11, 2021 for a total of $87,500. If you work out the math, that's approximately a cost of $52.08 per sqft. Before that, the property was also sold for $87,500 in Nov 11, 2021. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $1,466 in taxes each year. 3741 Hillside Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $60,600. If we break it down further, the land itself was valued at $3,300. Improvements to the property, however, were assessed at a total of $57,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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.

Building Features

Exterior

Aluminum Siding
Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: Poor
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 840
  • Garage Type: Detached
  • Garage Square Area: 324
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,708
  • Lot Size Depth Feet: 1,680
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,680
  • Gross Building Area: 1,680
  • Building Area: 840
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 840
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BANCROFTS BOULEVARD HEIGHTS ADD
  • Land Acres: 0.154
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: BANCROFTS BLVD HTS L60

Ownership

  • Current Owner : HOOSIER RENOVATORS LLC
  • Previous Owner : SHAH VISHAL
  • Owner Before Previous Owner: SHAHZENG INDI LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 350500

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2229-B2
  • District: 0001
  • Section: 190
  • Parcel: 49-07-19-105-040.000-101
  • Lot: 60
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.8247
  • Longitude: -86.1229

    Address

  • Full Address: 3741 Hillside Ave
  • Address - House Number: 3741
  • Address - Street Name: Hillside
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C003
  • 4-Digit Zip Code: 1131
  • Zip Code: 46218

Valuation

    Tax

  • Total Area: 1,680
  • Tax Year: 2022
  • Tax Amount: $1,466
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.1654
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 117,507
  • High Value: 136,948
  • Low Value: 98,066

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,600
  • First Open Lien Mortgage Lender: LOAN FUNDER LLC SERIES 52143
  • First Open Lien Mortgage Recording Date: May 19, 2023
  • First Open Lien Mortgage Loan Amount: $75,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2053

    Market Valuation

  • Market Total Value: $60,600
  • Market Land Value: $3,300
  • Market Improvement Value: $57,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,600
  • Assessed Land Value: $3,300
  • Assessed Improvements Value: $57,300

    Sales

  • Current Sale Contract Date: Nov 11, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11874339001
  • Current Sale Price: $87,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202100159261
  • Previous Sale Recording Date: Nov 30, 2021
  • Previous Sale Contract Date: Nov 11, 2021
  • Previous Sale Amount: $87,500
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: HAMAND GARY
  • First Mortgage Transaction Date: Nov 30, 2021
  • First Mortgage Loan Amount: $70,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Nov 05, 2022

    Previous Mortgages

  • Previous Mortgage Lender: GARY HAMAND
  • Previous Mortgage Transaction Date: Nov 30, 2021
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $70,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Nov 05, 2022

About Meadows



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Frequently Asked Questions

What neighborhood is 3741 Hillside Avenue located in?
The 3741 Hillside Avenue is a multifamily located in the neighborhood of Meadows in Meadows, Indianapolis.
What is the average sales price for listings in 3741 Hillside Avenue?
The average sales price for units in 3741 Hillside Avenue is $0 currently.

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