When was property at 40 Jefferson Avenue built and last sold?

The property at 40 Jefferson Avenue was built in 1955 and last sold on May 12, 2022 for $226,500.

How much is this home worth?

The estimated value of the home located at 40 Jefferson Avenue is $102,727.

What are some comparable homes to 40 Jefferson Avenue?

There are currently no comparable homes to 40 Jefferson Avenue.

Indianapolis

46201

Near Eastside

40 JEFFERSON Avenue

1 / 3

Map

$100,728*

● House - Off Market

40 JEFFERSON Avenue

Indianapolis, IN 46201

2 Beds

1 Bath

2484 Sqft

$80,000 - $90,000

Reference Base Price*

12.55%

Since Nov 1, 2021

National-US

Primary Model

Sold May 19, 2022

$226,500

Fralic Nathan Fralic Valerie

Buyer

Kramer Properties Llc

Seller

$181,200 by Mjw Financial Llc

Mortgage Due Jun 01, 2052

Sold Oct 28, 2021

Transfer

Kramer Properties Llc

Buyer

Shepherd Scott

Seller

About This Property

Great investment opportunity! This 2 BDRM/ 1 Bath home is minutes from the desirable Irvington main street area, which host restaurants, coffee shops and little shops. Take less than a 10 min drive, and you will be downtown Indianapolis where you will find tons of restaurants, shopping area, ball park, zoo and so much more. Schedule a showing today to see the potential that lies within this home.

The manager has listed the unit size as 2484 square feet.

Unit Size

2,484Ft²

Days on Market

Land Size

0.12 acres

Price per sqft

$36

Property Type

House

Property Taxes

$62

HOA Dues

Year Built

1955

Price History

Date / Event	Date	Event
Oct 6, 2021	No longer available	-
No longer available
Jul 30, 2021	In contract	-
In contract
Jul 3, 2021	Price Decreased	$89,500 ↓ $5K (5.3%)
Price Decreased
Jun 10, 2021	Relisted	$94,500
Relisted
Jun 2, 2021	In contract	-
In contract
May 27, 2021	Price Decreased	$94,500 ↓ $5K (5%)
Price Decreased
May 10, 2021	Listed	$99,500
Listed

Property Highlights

Building Info

Overview

General

Year Built: 1955

Effective Year Built: 1955
Building Count: 1
Total Rooms: 7
Bedroom Count: 3
Building Condition: Fair
Building Quality: D
Construction Type: Frame
Roof Cover Type: Asphalt
Floor Count: 1
Basement Type: Partial basement
Basement Area: 548
Parking Space Count: 0

Dimensions

Lot Size Square Feet: 5,184

Lot Size Depth Feet: 1,300
Lot Size Frontage Feet: 400
Total Building Area: 2,484
Gross Building Area: 2,484
Building Area: 1,516
Building Area Measurement: Living Area

Heating and Cooling

Air Conditioning: No air conditioning

Heating: Central heating
Heated Square Feet: 1,516
Heating Fuel Type: unknown

Utilities

Sewer System: Yes

Water Service: Yes

Building

Property Class: Residential

Subdivision: JOHNSON & HOGSHIRES E WASH ST ADD
Land Acres: 0.119
Standard Land Use Code: Single family residential
County Land Use Code: Vehicles general
Legal Description 1: JOHNSON & HOGSHIRES E WASH ST ADD L140

Ownership

Current Owner : FRALIC NATHAN

Current Owner 2: FRALIC VALERIE
Previous Owner : KRAMER PROPERTIES LLC
Owner Before Previous Owner: SHEPHERD SCOTT
Ownership Rights Codes: Husband and wife

Neighborhood

School District Name: Indianapolis Public Schools

Census Tract: 354700

Geography

District: 0001

Section: 6015004
Parcel: 49-10-06-106-062.000-101
Municipality: CENTER TOWNSHIP
Latitude: 39.7692
Longitude: -86.1246

Address

Full Address: 40 Jefferson Ave

Address - House Number: 40
Address - Street Name: Jefferson
Address - Suffix Type: Ave
State: IN
City Name: Indianapolis
Carrier Code: C026
4-Digit Zip Code: 3136
Zip Code: 46201

Valuation

Tax

Total Area: 2,484

Tax Year: 2021
Tax Amount: $1,403
Tax Rate Code Area: 101:INDPLS

Appraisal Valuation

Standard Deviation: 0.1634

Valuation Date: Dec 28, 2022
Confidence Score: 79
Final Value: 262,735
High Value: 305,685
Low Value: 219,785

Open Liens

Total Open Liens: 1

Total Open Liens Amount: $181,200
First Open Lien Mortgage Lender: MJW FINANCIAL LLC
First Open Lien Mortgage Recording Date: May 19, 2022
First Open Lien Mortgage Loan Amount: $181,200
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, 2052

Market Valuation

Market Total Value: $57,900

Market Land Value: $9,900
Market Improvement Value: $48,000

Assessments Valuation

Assessed Year: 2021

Assessed Total Value: $57,900
Assessed Land Value: $9,900
Assessed Improvements Value: $48,000

Sales

Current Sale Contract Date: May 12, 2022

Current Sale Recording Date: May 19, 2022
Current Sale Transaction ID: 11888255207
Current Sale Price: $226,500
Current Sale Document Type: Warranty Deed
Current Sale Input Document Number: 57766
Previous Sale Recording Date: Oct 28, 2021
Previous Sale Contract Date: Aug 27, 2021
Previous Sale Document Type: Warranty Deed

Last Sale Mortgage

First Mortgage Lender: MJW FINANCIAL LLC

First Mortgage Transaction Date: May 19, 2022
First Mortgage Loan Amount: $181,200
First Mortgage Terms: 360
First Mortgage Loan Type: New Conventional
First Mortgage Loan Due Date: Jun 01, 2052

Redact Ownership Info

Comparables

418 Harlan Street

Active

Multifamily

Stu

$85,000 Oct 5, 2022

$223/mo

1605 Marlowe Avenue

Active

Land

Loft

$100,000 May 12, 2022

$40/mo

424 North Rural Street

Active

Land

Loft

$75,000 Dec 30, 2022

$8/mo

220 South Walcott Street

Active

Land

Loft

$75,000 May 24, 2021

$8/mo

About Near Eastside

Stats & Trends

Median Asking:

$170,000

Sale Price/ft²

$134

Below Asking

0.04%

Average Days on Market

Average Home Size

1383 ft²

Average Home Age

85.6 years

Currently For Sale

70 Listings

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Unit for sale at 220 South Walcott Street, 46201

$75,000

Land

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Unit for sale at 424 North Rural Street, 46201

$75,000

Land

424 North Rural Street, 46201 Listing by Alicia Taylor

Unit for sale at 1605 Marlowe Avenue, 46201

$100,000

Land

1605 Marlowe Avenue, 46201 Listing by Brittany Stearman

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Unit for rent at 624 East Walnut Street, Indianapolis, IN, 46204

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Unit for rent at 425 North Tacoma, Indianapolis, IN, 46201

$2,300 /mo

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40 JEFFERSON Avenue

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Ownership

Neighborhood

Geography

Valuation

Comparables

About Near Eastside

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions