See Home Value
$216,000 - $262,000
House - Off Market

516 Payton Avenue

Indianapolis, IN 46219
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1476 Sqft
Sold Mar 18, 2024
$290,605
$218,500 by Indiana Members Credit Union
Mortgage Due Apr 01, 2054

About This Property

Looking for a GEM of a neighborhood with easy proximity to the highway and great neighbors, LOOK NO FURTHER!   Tastefully updated 4/2 on almost half an acre is waiting for it's new owner.  Totally updated electrical, flooring and kitchen make this one move in ready.  You'll fall in love with the huge kitchen, quartz countertops and SS appliance package. Spacious living area and primary BR off of the rear!  Beautiful hardwood laminate throughout!  Large fenced in backyard has plenty of room to entertain and spread out!   This large ranch has plenty of room for your growing family!  1 Car garage with large carport to the side for plenty of parking space.  Remaining Appliances to be installed prior to closing.

The manager has listed the unit size as 1476 square feet.
Unit Size
1,476Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$162
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956

Price History

Date / Event Date Event Price
Mar 14, 2024 No longer available -
No longer available
Feb 13, 2024 In contract -
In contract
Jan 30, 2024 Price Decreased $239,000
↓ $6K (2.5%)
Price Decreased
Dec 7, 2023 Price Decreased $245,000
↓ $5K (2%)
Price Decreased
Nov 9, 2023 Listed $250,000
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 364
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 15,594
  • Lot Size Depth Feet: 1,640
  • Lot Size Frontage Feet: 950
  • Total Building Area: 1,840
  • Gross Building Area: 1,840
  • Building Area: 1,476
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,476
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CHAPMAN STREETS REALTY 1ST ADD
  • Land Acres: 0.358
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: CHAPMAN STREETS REALTY 1ST ADD L17

Ownership

  • Current Owner : BRONSON LATEEFAT
  • Previous Owner : GIULIONI FAMILY INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 06, 2024

Neighborhood

  • School District Name: Warren Township Metropolitan School District
  • Census Tract: 360602

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2340-A2
  • District: 0007
  • Section: 1015004
  • Parcel: 49-10-01-123-008.000-700
  • Lot: 17
  • Municipality: WARREN TOWNSHIP
  • Latitude: 39.7774
  • Longitude: -86.0331

    Address

  • Full Address: 516 Payton Ave
  • Address - House Number: 516
  • Address - Street Name: Payton
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C001
  • 4-Digit Zip Code: 5126
  • Zip Code: 46219

Valuation

    Tax

  • Total Area: 1,476
  • Tax Year: 2022
  • Tax Amount: $2,233
  • Tax Rate Code Area: 700

    Appraisal Valuation

  • Standard Deviation: 0.1654
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 241,843
  • High Value: 281,855
  • Low Value: 201,831

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $218,500
  • First Open Lien Mortgage Lender: INDIANA MEMBERS CREDIT UNION
  • First Open Lien Mortgage Recording Date: Mar 18, 2024
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $218,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Market Valuation

  • Market Total Value: $95,900
  • Market Land Value: $21,100
  • Market Improvement Value: $74,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,900
  • Assessed Land Value: $21,100
  • Assessed Improvements Value: $74,800

    Sales

  • Current Sale Contract Date: Mar 11, 2024
  • Current Sale Recording Date: Mar 18, 2024
  • Current Sale Transaction ID: 11923195189
  • Current Sale Price: $290,605
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20428

    Last Sale Mortgage

  • First Mortgage Lender: INDIANA MEMBERS CREDIT UNION
  • First Mortgage Transaction Date: Mar 18, 2024
  • First Mortgage Loan Amount: $218,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,950 ft²
$128/ft²
$250,000 Dec 6, 2023
-
-
House
3 Beds
2 Baths
1,581 ft²
$142/ft²
$225,000 Nov 3, 2023
-
-
In Contract
House
3 Beds
1.5 Baths
1,475 ft²
$146/ft²
$215,000 Dec 15, 2023
-
-
House
3 Beds
1.5 Baths
1,365 ft²
$157/ft²
$214,900 Nov 3, 2023
-
-
House
2 Beds
1 Bath
856 ft²
$234/ft²
$199,900 Nov 29, 2023
-
-

About East Gate


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Frequently Asked Questions

When was property at 516 Payton Avenue built and last sold?
The property at 516 Payton Avenue was built in 1956 and last sold on Mar 11, 2024 for $290,605.
How much is this home worth?
The estimated value of the home located at 516 Payton Avenue is $242,633.
What are some comparable homes to 516 Payton Avenue?
Homes that are comparable to 516 Payton Avenue include a house property at 8233 East 11th Street, 7875 East Michigan Street, 7404 Hiner Lane.

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