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405 East Minnesota Street

405 East Minnesota Street, Indianapolis, IN 46225
Sold Oct 09, 2020
$350,000
$300,000 by Union Savings Bank
Mortgage Due Nov 01, 2050
Sold Jun 20, 2019
$90,000
Local assessors in Indianapolis, IN have categorized 405 East Minnesota Street as a residential type of property. The home was built in 1905 and is 119 years old. It was most recently renovated and altered in 2020. The property's lot size has been calculated to be 4,400 square feet. The linear feet between the front and back of the lot was measured at 1,380 ft and the front of the lot was measured at 320 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. 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 405 East Minnesota Street has a total of 1,968 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 partial basement that is 448 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 484 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 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 - B. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Oct 1, 2020 for $350,000. That's $144.87 per sqft. Prior to that sales transaction, the property was also sold in Jun 17, 2019 for $90,000. 405 East Minnesota Street was last assessed in 2023. The total value of the property was assessed at $371,100. Specifically, the land the property is located on was valued at $12,700. While improvements on the property were assessed at a total of $358,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,324. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Composition Board Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 448
  • Garage Type: Detached
  • Garage Square Area: 484
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,400
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 320
  • Total Building Area: 2,416
  • Gross Building Area: 2,416
  • Building Area: 1,968
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,968
  • 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 & FRANK SOUTH ADD L30

Ownership

  • Current Owner : LYNCH ADAM
  • Current Owner 2: BRADLEY KIMBERLY
  • Previous Owner : HORIZON TRUST
  • Owner Before Previous Owner: 3 PERCENT HOLDINGS LLC

Neighborhood

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

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2337-D6
  • District: 0001
  • Section: 130
  • Parcel: 49-11-13-171-060.000-101
  • Lot: 30
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7444
  • Longitude: -86.1503

    Address

  • Full Address: 405 E Minnesota St
  • Address - House Number: 405
  • Street Direction: E
  • Address - Street Name: Minnesota
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C006
  • 4-Digit Zip Code: 1827
  • Zip Code: 46225

Valuation

    Tax

  • Total Area: 1,722
  • Tax Year: 2022
  • Tax Amount: $4,324
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.217
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 70
  • Final Value: 404,763
  • High Value: 492,616
  • Low Value: 316,909

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: UNION SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Oct 19, 2022
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 336
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $371,100
  • Market Land Value: $12,700
  • Market Improvement Value: $358,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $371,100
  • Assessed Land Value: $12,700
  • Assessed Improvements Value: $358,400

    Sales

  • Current Sale Contract Date: Oct 01, 2020
  • Current Sale Recording Date: Oct 09, 2020
  • Current Sale Transaction ID: 11804833395
  • Current Sale Price: $350,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: A202000115689
  • Previous Sale Recording Date: Jun 20, 2019
  • Previous Sale Contract Date: Jun 17, 2019
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION SAVINGS BANK
  • First Mortgage Transaction Date: Oct 09, 2020
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

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Frequently Asked Questions

What neighborhood is 405 East Minnesota Street located in?
The 405 East Minnesota Street is a house located in the neighborhood of Near Southside in Near Southside, Indianapolis.
What is the average sales price for listings in 405 East Minnesota Street?
The average sales price for units in 405 East Minnesota Street is $0 currently.

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