Check Availability

411 Iowa Street

411 Iowa Street, Indianapolis, IN 46225
Multifamily in Near Southside
Sold Mar 30, 2020
$240,000
$180,000 by Farmers & Mechanics Bank
Mortgage
Sold Apr 11, 2018
$41,000
411 Iowa Street in Indianapolis, IN was first built in 1932 and is 92 years old. Although, the building on the property was most recently renovated and altered in 2014. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 2 are bedrooms. 411 Iowa Street has 892 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 223 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 480 ft and the linear feet between the front and back of the lot is 1,380. In total, the area measurement of the land is 6,621 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 360 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 411 Iowa Street was last sold in Mar 19, 2020 for $240,000. According to our calculations, that's $215.25 per sqft. Prior to that sales transaction, the property was sold for $41,000 in Feb 2, 2018. Current property owners are expected to pay $6,927 in taxes per year. The property on 411 Iowa Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $298,200. To break that down further, the land itself was valued at $16,200. While improvements to the property were assessed at a total of $282,000. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Aluminum Siding

Parking

On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Partial basement
  • Basement Area: 223
  • Garage Type: Detached
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,621
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 480
  • Total Building Area: 1,115
  • Gross Building Area: 1,115
  • Building Area: 892
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 892
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: KAPPES & FRANKS SOUTH ADD
  • Land Acres: 0.152
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: KAPPES & FRANKS SOUTH ADD L94 & W 1/2 L95

Ownership

  • Current Owner : KOORSTAD BRYAN
  • Previous Owner : EL-ALAMIS HOLDINGS LLC
  • Owner Before Previous Owner: MARION COUNTY BOARD OF COMMISSIONERS

Neighborhood

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

Geography

  • Assessors Map Reference: 2337-D7
  • District: 0001
  • Section: 130
  • Parcel: 49-11-13-171-076.000-101
  • Lot: 94
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7434
  • Longitude: -86.1504

    Address

  • Full Address: 411 Iowa St
  • Address - House Number: 411
  • 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: 1,115
  • Tax Year: 2022
  • Tax Amount: $6,927
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2322
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 67
  • Final Value: 304,406
  • High Value: 375,113
  • Low Value: 233,698

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: FARMERS & MECHANICS BANK
  • First Open Lien Mortgage Recording Date: Mar 30, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $180,000
  • 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: $298,200
  • Market Land Value: $16,200
  • Market Improvement Value: $282,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $298,200
  • Assessed Land Value: $16,200
  • Assessed Improvements Value: $282,000

    Sales

  • Current Sale Contract Date: Mar 19, 2020
  • Current Sale Recording Date: Mar 30, 2020
  • Current Sale Transaction ID: 11754480875
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202000033024
  • Previous Sale Recording Date: Apr 11, 2018
  • Previous Sale Contract Date: Feb 02, 2018
  • Previous Sale Amount: $41,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS & MECHANICS BANK
  • First Mortgage Transaction Date: Mar 30, 2020
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Near Southside



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 110 E Washington Street, Indianapolis, IN, 46204

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,563 ft²
110 E Washington Street #1401, Indianapolis, IN, 46204 Listing by Evona Watson
Unit for rent at 1219 Spann Avenue, Indianapolis, IN, 46203

$3,700 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,027 ft²
1219 Spann Avenue, Indianapolis, IN, 46203 Listing by James Hart

Frequently Asked Questions

What neighborhood is 411 Iowa Street located in?
The 411 Iowa Street is a multifamily located in the neighborhood of Near Southside in Near Southside, Indianapolis.
What is the average sales price for listings in 411 Iowa Street?
The average sales price for units in 411 Iowa Street is $0 currently.

Quantcast