Check Availability

38 East Washington Street

38 East Washington Street, Indianapolis, IN 46204
Local assessors in Indianapolis, IN have categorized 38 East Washington Street as a commercial type of property. The home was built in 1920 and is 104 years old. It was most recently renovated and altered in 1988. The property's lot size has been calculated to be 2,400 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 38 East Washington Street has a total of 7,140 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. 38 East Washington Street 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 average. 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 brick 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 brick 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. 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, 38 East Washington Street was last sold in Nov 7, 2023 for $1,343,300. According to our calculations, that's $564.41 per sqft. Prior to that sales transaction, the property was sold for $705,000 in May 30, 2019. Current property owners are expected to pay $11,117 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 38 East Washington Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $449,500. To break that down further, the land itself was valued at $237,600. While improvements to the property were assessed at a total of $211,900. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180919
09/19/2018
Studio
-
-
$750,000
bedrooms
Studio
bathrooms
-
$698,800 -6.83%
06/20/2019
-
Sharon Stamper Thompson

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,400
  • Total Building Area: 2,380
  • Gross Building Area: 7,140
  • Building Area: 7,140
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 7,140
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Subdivision: SQUARE 56
  • Land Acres: 0.055
  • Standard Land Use Code: Restaurant
  • Legal Description 1: MIDDLE 20FT L5 SQ56

Ownership

  • Current Owner : DIALLO INVESTMENT GROUP LLC
  • Previous Owner : CDP REAL ESTATE INDY LLC
  • Owner Before Previous Owner: HJB PROPERTIES LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 391002

Geography

  • Assessors Map Reference: 2337-C3
  • District: 0001
  • Section: 1015003
  • Parcel: 49-11-01-240-170.000-101
  • Lot: 5
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7674
  • Longitude: -86.1568

    Address

  • Full Address: 38 E Washington St
  • Address - House Number: 38
  • Street Direction: E
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C009
  • 4-Digit Zip Code: 3532
  • Zip Code: 46204

Valuation

    Tax

  • Total Area: 7,140
  • Tax Year: 2022
  • Tax Amount: $11,117
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 101

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,010,000
  • First Open Lien Mortgage Lender: LOCAL INITIATIVES SUPPORT CORP
  • First Open Lien Mortgage Recording Date: Nov 14, 2023
  • First Open Lien Mortgage Loan Amount: $1,010,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $449,500
  • Market Land Value: $237,600
  • Market Improvement Value: $211,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $449,500
  • Assessed Land Value: $237,600
  • Assessed Improvements Value: $211,900

    Sales

  • Current Sale Contract Date: Nov 07, 2023
  • Current Sale Recording Date: Nov 14, 2023
  • Current Sale Transaction ID: 11916129428
  • Current Sale Price: $1,343,300
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 94657
  • Previous Sale Recording Date: Jun 20, 2019
  • Previous Sale Contract Date: May 30, 2019
  • Previous Sale Amount: $705,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOCAL INITIATIVES SUPPORT CORP
  • First Mortgage Transaction Date: Nov 14, 2023
  • First Mortgage Loan Amount: $1,010,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: CELTIC BANK CORP
  • Previous Mortgage Transaction Date: Jun 20, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $559,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Downtown Indianapolis



Similar Buildings

Commercial at 38 East Washington Street,

350 North Meridian Street

  • 2 Units for Sale
  • 1 Story
350 North Meridian Street, Indianapolis, IN 46204 Condo in Downtown Indianapolis
Commercial at 38 East Washington Street,

344 Miami Drive

  • 1 Unit for Sale
  • 3 Stories
344 Miami Drive, Indianapolis, IN 46204 House in Downtown Indianapolis
Commercial at 38 East Washington Street,

225 North New Jersey Street

  • 1 Unit for Sale
225 North New Jersey Street, Indianapolis, IN 46204 Condo in Downtown Indianapolis
Commercial at 38 East Washington Street,

450 East Ohio Street

  • 1 Unit for Sale
  • 1 Story
450 East Ohio Street, Indianapolis, IN 46204 Condo in Downtown Indianapolis
Commercial at 38 East Washington Street,

326 Northeast Street

  • 1 Unit for Sale
  • 2 Stories
326 Northeast Street, Indianapolis, IN 46202 House in Downtown Indianapolis
Commercial at 38 East Washington Street,

540 East New York Street

  • 1 Unit for Sale
  • 2 Stories
540 East New York Street, Indianapolis, IN 46202 House in Downtown Indianapolis
Commercial at 38 East Washington Street,

602 East New York Street

  • 1 Unit for Sale
  • 2 Stories
602 East New York Street, Indianapolis, IN 46202 House in Downtown Indianapolis
Commercial at 38 East Washington Street,

430 North Park Avenue

  • 2 Units for Sale
  • 3 Stories
430 North Park Avenue, Indianapolis, IN 46202 Condo in Downtown Indianapolis
Commercial at 38 East Washington Street,

435 Virginia Avenue

  • 1 Unit for Sale
  • 1 Story
435 Virginia Avenue, Indianapolis, IN 46203 Condo in Downtown Indianapolis

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 38 East Washington Street located in?
The 38 East Washington Street is a commercial located in the neighborhood of Downtown Indianapolis in Downtown Indianapolis, Indianapolis.
What is the average sales price for listings in 38 East Washington Street?
The average sales price for units in 38 East Washington Street is $750,000 currently.

Quantcast