5041 East 16th Street

5041 East 16th Street in Indianapolis, IN was first built in 1988 and is 36 years old. This has been categorized as a commercial property type. It is a single story home. 5041 East 16th Street has 7,200 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. In total, the area measurement of the land is 27,225 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. Water for the property is sourced from none system. We do not have data on where the property's water is sourced from. 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. The exterior walls of the home are made of concrete block. Prior to that sales transaction, the property was also sold in Sep 21, 2022 for $427,500. 5041 East 16th Street was last assessed in 2023. The total value of the property was assessed at $229,700. Specifically, the land the property is located on was valued at $62,600. While improvements on the property were assessed at a total of $167,100. 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 $6,071. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.