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4230 Fairview Terrace

4230 Fairview Terrace, Indianapolis, IN 46208
Sold Jul 14, 2023
Transfer
$3,113,750 by Busey Bank
Mortgage Due Apr 29, 2027
Sold May 06, 2022
$3,892,200
$3,113,750 by Busey Bank
Mortgage Due Apr 29, 2027
4230 Fairview Terrace in Indianapolis, IN was first built in 1955 and is 69 years old. Although, the building on the property was most recently renovated and altered in 1963. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 4230 Fairview Terrace has 1,840 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 1,300 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 1,600 ft and the linear feet between the front and back of the lot is 1,190. In total, the area measurement of the land is 19,036 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 attached garage. The garage is 576 sqft. There are a total of 2 available parking spaces. 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 masonry 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 poor. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $3,892,200 in Jan 1, 1970. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,715 in taxes each year. 4230 Fairview Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $187,900. If we break it down further, the land itself was valued at $39,100. Improvements to the property, however, were assessed at a total of $148,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Stone Exterior
Wood Exterior

Parking

Attached Garage
Guest Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Poor
  • Building Quality: C
  • Construction Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,300
  • Garage Type: Attached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 19,036
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 1,600
  • Total Building Area: 3,716
  • Gross Building Area: 3,716
  • Building Area: 1,840
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,840
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FAIRVIEW TERRACE
  • Land Acres: 0.437
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: FAIRVIEW TERRACE L7 - L10

Ownership

  • Current Owner : WEYBRIGHT BUTLER V LLC
  • Previous Owner : MJM LLC
  • Owner Before Previous Owner: WEYBRIGHT BUTLER LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 30, 2024

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 322000

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2228-A1
  • District: 0008
  • Section: 140
  • Parcel: 49-06-14-161-019.000-801
  • Lot: 7
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 39.8329
  • Longitude: -86.1745

    Address

  • Full Address: 4230 Fairview Ter
  • Address - House Number: 4230
  • Address - Street Name: Fairview
  • Address - Suffix Type: Ter
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C021
  • 4-Digit Zip Code: 3323
  • Zip Code: 46208

Valuation

    Tax

  • Total Area: 3,140
  • Tax Year: 2022
  • Tax Amount: $4,715
  • Tax Rate Code Area: 801

    Appraisal Valuation

  • Standard Deviation: 0.2196
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 296,644
  • High Value: 361,788
  • Low Value: 231,500

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,113,750
  • First Open Lien Mortgage Lender: BUSEY BANK
  • First Open Lien Mortgage Recording Date: May 06, 2022
  • First Open Lien Mortgage Loan Amount: $3,113,750
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 29, 2027

    Market Valuation

  • Market Total Value: $187,900
  • Market Land Value: $39,100
  • Market Improvement Value: $148,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,900
  • Assessed Land Value: $39,100
  • Assessed Improvements Value: $148,800

    Sales

  • Current Sale Contract Date: Jul 07, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Transaction ID: 11909560943
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 57711
  • Previous Sale Recording Date: May 06, 2022
  • Previous Sale Amount: $3,892,200
  • Previous Sale Document Type: Quit Claim Deed

    Previous Mortgages

  • Previous Mortgage Lender: BUSEY BANK
  • Previous Mortgage Transaction Date: May 06, 2022
  • Previous Mortgage Loan Amount: $3,113,750
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 29, 2027

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Frequently Asked Questions

What neighborhood is 4230 Fairview Terrace located in?
The 4230 Fairview Terrace is a house located in the neighborhood of Butler - Tarkington in Butler - Tarkington, Indianapolis.
What is the average sales price for listings in 4230 Fairview Terrace?
The average sales price for units in 4230 Fairview Terrace is $0 currently.

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