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508 Melark Drive

508 Melark Drive, Carmel, IN 46032
Property in Carmel Village
Sold Aug 24, 2020
$226,900
$223,850 by Quicken Loans Llc
Mortgage Due Sep 01, 2050
Sold Aug 24, 2010
$111,400
$89,100 by The Mortgage Network Inc
Mortgage Due Sep 01, 2040
Local assessors in Carmel, IN have categorized 508 Melark Drive as a residential type of property. The home was built in 1962 and is 62 years old. The property's lot size has been calculated to be 13,504 square feet. The linear feet between the front and back of the lot was measured at 1,325 ft and the front of the lot was measured at 2,150 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 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 2 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 508 Melark Drive has a total of 1,484 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 attached garage for those who need a place to park their vehicle. The garage on the property is 480 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. 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 - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Aug 17, 2020 for $226,900. That's $115.53 per sqft. Prior to that sales transaction, the property was also sold in Jun 25, 2010 for $111,400. 508 Melark Drive was last assessed in 2023. The total value of the property was assessed at $278,700. Specifically, the land the property is located on was valued at $87,900. While improvements on the property were assessed at a total of $190,800. 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 $1,909. 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! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Excellent
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Depth Feet: 1,325
  • Lot Size Frontage Feet: 2,150
  • Total Building Area: 1,964
  • Gross Building Area: 1,964
  • Building Area: 1,484
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,484
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CARMEL VILLAGE
  • Land Acres: 0.31
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: ACREAGE .00, SECTION 30, TOWNSHIP 18, RANGE 4, CARMEL VILLAGE, LOT 45, IRREGULAR SHAPE

Ownership

  • Current Owner : YOST CHRISTINA
  • Current Owner 2: YOST BRIAN
  • Previous Owner : LEVY SCOTT
  • Previous Owner 2: LEVY KATE
  • Owner Before Previous Owner: US BANK NATIONAL ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Carmel Clay Schools
  • Census Tract: 111007

Geography

  • District: 0017
  • Parcel: 29-10-30-412-009.000-018
  • Lot: 45
  • Meridian: SEC 30 TWN 18 RNG 04
  • Municipality: DELAWARE TOWNSHIP
  • Latitude: 39.9741
  • Longitude: -86.114

    Address

  • Full Address: 508 Melark Dr
  • Address - House Number: 508
  • Address - Street Name: Melark
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Carmel
  • Carrier Code: C005
  • 4-Digit Zip Code: 2313
  • Zip Code: 46032

Valuation

    Tax

  • Total Area: 1,484
  • Tax Year: 2022
  • Tax Amount: $1,909
  • Tax Rate Code Area: 16

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 75
  • Final Value: 332,105
  • High Value: 394,081
  • Low Value: 270,130

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $223,850
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Aug 24, 2020
  • First Open Lien Mortgage Loan Amount: $223,850
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Market Valuation

  • Market Total Value: $278,700
  • Market Land Value: $87,900
  • Market Improvement Value: $190,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $278,700
  • Assessed Land Value: $87,900
  • Assessed Improvements Value: $190,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 17, 2020
  • Current Sale Recording Date: Aug 24, 2020
  • Current Sale Transaction ID: 11787617945
  • Current Sale Price: $226,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020057158
  • Previous Sale Recording Date: Aug 24, 2010
  • Previous Sale Contract Date: Jun 25, 2010
  • Previous Sale Amount: $111,400
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Aug 24, 2020
  • First Mortgage Loan Amount: $223,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: THE MORTGAGE NETWORK INC
  • Previous Mortgage Transaction Date: Aug 24, 2010
  • Previous Mortgage Loan Amount: $89,100
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2040

About Carmel Village



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Frequently Asked Questions

What neighborhood is 508 Melark Drive located in?
The 508 Melark Drive is a located in the neighborhood of Carmel Village in Carmel Village, Carmel.
What is the average sales price for listings in 508 Melark Drive?
The average sales price for units in 508 Melark Drive is $0 currently.

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