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409 North Gray Street

409 North Gray Street, Indianapolis, IN 46201
Multifamily in Rural-Sherman
1 Units For Sale
Unit for sale at 409 N Gray Street, Indianapolis, IN 46201

$109,900

  • Studio
409 N Gray Street, Indianapolis, IN 46201 Listing by Hayley Wild

409 North Gray 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 1918 and is 106 years old. The home comes with a single bedroom. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 409 North Gray Street has 532 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,050 ft and across the front of the lot is 360 ft. The area measurement of the land has been determined as 3,790 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

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 448 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 C by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with no 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. The property was last sold in Nov 5, 2018 for $37,000. That's $69.55 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $37,000. 409 North Gray Street was last assessed in 2023. The total value of the property was assessed at $79,400. Specifically, the land the property is located on was valued at $6,200. While improvements on the property were assessed at a total of $73,200. 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 $2,068. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!

Building Features

Exterior

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180509
05/09/2018
Studio
-
-
-
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 448
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,790
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 360
  • Total Building Area: 532
  • Gross Building Area: 532
  • Building Area: 532
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 532
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SAMUEL S RHODES EAST OHIO ST ADD ROBISON
  • Land Acres: 0.087
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: S S RHODES E OHIO ST ADD L17

Ownership

  • Current Owner : RICKEY JON
  • Previous Owner : CITY 2 SUBURBS PROPERTY GROUP LLC

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 355000

Geography

  • Assessors Map Reference: 2338-C3
  • District: 0001
  • Section: 5015004
  • Parcel: 49-10-05-203-026.000-101
  • Lot: 17
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7731
  • Longitude: -86.1115

    Address

  • Full Address: 409 N Gray St
  • Address - House Number: 409
  • Street Direction: N
  • Address - Street Name: Gray
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C022
  • 4-Digit Zip Code: 3346
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 532
  • Tax Year: 2022
  • Tax Amount: $2,068
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 114,692
  • High Value: 133,560
  • Low Value: 95,824

    Market Valuation

  • Market Total Value: $79,400
  • Market Land Value: $6,200
  • Market Improvement Value: $73,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $79,400
  • Assessed Land Value: $6,200
  • Assessed Improvements Value: $73,200

    Sales

  • Current Sale Contract Date: Nov 05, 2018
  • Current Sale Recording Date: Nov 26, 2018
  • Current Sale Transaction ID: 11543832303
  • Current Sale Price: $37,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201800119111
  • Previous Sale Recording Date: Nov 05, 2018
  • Previous Sale Amount: $37,000
  • Previous Sale Document Type: Deed

About Near Eastside



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Frequently Asked Questions

What neighborhood is 409 North Gray Street located in?
The 409 North Gray Street is a multifamily located in the neighborhood of Rural-Sherman in Near Eastside, Indianapolis.
How many listings are currently for sale in 409 North Gray Street?
There is one unit for sale right now.
What is the average sales price for listings in 409 North Gray Street?
The average sales price for units in 409 North Gray Street is $109,900 currently.

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