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401 Iowa Street

401 Iowa Street, Indianapolis, IN 46225
Sold Dec 20, 2023
$309,225
$232,500 by Kiavi Funding Inc
Mortgage Due Dec 20, 2053
Sold May 19, 2022
$76,000
Buyer
Seller
$80,000 by King Joe
Mortgage Due May 31, 2024
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401 Iowa Street has been categorized by the local assessors in Indianapolis, IN as a residential type of property. The building on the property was first built in 1900 and is 124 years old. However, we must point out that the home was most recently renovated and altered in 1955. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 401 Iowa Street has 504 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a unknown that is 504 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,380 ft and across the front of the lot is 320 ft. The area measurement of the land has been determined as 4,400 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 420 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 401 Iowa Street sold most recently in Dec 13, 2023 for a total of $309,225. If you work out the math, that's approximately a cost of $306.77 per sqft. Before that, the property was also sold for $76,000 in May 13, 2022. 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 $2,069 in taxes each year. 401 Iowa Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $52,500. If we break it down further, the land itself was valued at $12,700. Improvements to the property, however, were assessed at a total of $39,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 504
  • Garage Type: Detached
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,400
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 320
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 504
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 504
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: KAPPES & FRANKS SOUTH ADD
  • Land Acres: 0.101
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: KAPPES & FRANKS SOUTH ADD L92

Ownership

  • Current Owner : POWDERHOUSE INDY LLC
  • Previous Owner : 2 JETS LLC
  • Owner Before Previous Owner: PRITAM SINGH
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 356900

Geography

  • Assessors Map Reference: 2337-D7
  • Parcel: 49-11-13-171-078.000-101
  • Lot: 92
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7434
  • Longitude: -86.1507

    Address

  • Full Address: 401 Iowa St
  • Address - House Number: 401
  • Address - Street Name: Iowa
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C006
  • 4-Digit Zip Code: 1857
  • Zip Code: 46225

Valuation

    Tax

  • Total Area: 1,008
  • Tax Year: 2022
  • Tax Amount: $2,069
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.1635
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 79
  • Final Value: 103,241
  • High Value: 120,129
  • Low Value: 86,353

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $232,500
  • First Open Lien Mortgage Lender: KIAVI FUNDING INC
  • First Open Lien Mortgage Recording Date: Dec 20, 2023
  • First Open Lien Mortgage Loan Amount: $232,500
  • 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: Dec 20, 2053

    Market Valuation

  • Market Total Value: $52,500
  • Market Land Value: $12,700
  • Market Improvement Value: $39,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,500
  • Assessed Land Value: $12,700
  • Assessed Improvements Value: $39,800

    Sales

  • Current Sale Contract Date: Dec 13, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Transaction ID: 11918377064
  • Current Sale Price: $309,225
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 104730
  • Previous Sale Recording Date: May 19, 2022
  • Previous Sale Contract Date: May 13, 2022
  • Previous Sale Amount: $76,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KIAVI FUNDING INC
  • First Mortgage Transaction Date: Dec 20, 2023
  • First Mortgage Loan Amount: $232,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: KING JOE
  • Previous Mortgage Transaction Date: May 19, 2022
  • Previous Mortgage Loan Amount: $80,000
  • Previous Mortgage Term: 24
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 31, 2024

About Near Southside



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Frequently Asked Questions

What neighborhood is 401 Iowa Street located in?
The 401 Iowa Street is a house located in the neighborhood of Near Southside in Near Southside, Indianapolis.
What is the average sales price for listings in 401 Iowa Street?
The average sales price for units in 401 Iowa Street is $0 currently.

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