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5160 East 71st Street

5160 East 71st Street, Indianapolis, IN 46220
Sold Sep 13, 2018
$267,900
$273,000 by Home Point Financial Corp
Mortgage Due May 01, 2051
Sold Aug 29, 2013
$237,500
Local assessors in Indianapolis, IN have categorized 5160 East 71st Street as a residential type of property. The home was built in 1967 and is 57 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 17,990 square feet. The linear feet between the front and back of the lot was measured at 1,800 ft and the front of the lot was measured at 1,000 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 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 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5160 East 71st Street has a total of 2,028 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 504 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 masonry 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 - A. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 5160 East 71st Street was last sold in Sep 7, 2018 for $267,900. According to our calculations, that's $105.81 per sqft. Prior to that sales transaction, the property was sold for $237,500 in Jan 1, 1970. Current property owners are expected to pay $4,617 in taxes per year. The property on 5160 East 71st Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $377,700. To break that down further, the land itself was valued at $55,700. While improvements to the property were assessed at a total of $322,000. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 17,990
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,532
  • Gross Building Area: 2,532
  • Building Area: 2,028
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,028
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: STEINMEIER ADD 7TH SEC
  • Land Acres: 0.413
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: STEINMEIER ADD 7TH SEC L196

Ownership

  • Current Owner : COLGIN NICHOLAS W
  • Previous Owner : WELLS STEPHEN A
  • Previous Owner 2: WELLS MARY A
  • Owner Before Previous Owner: DARNELL JAMES A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Washington Township Metropolitan School District
  • Census Tract: 320305

Geography

  • Assessors Map Reference: 2121-A1
  • District: 0008
  • Section: 280
  • Parcel: 49-02-28-131-001.000-800
  • Lot: 196
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 39.8836
  • Longitude: -86.0817

    Address

  • Full Address: 5160 E 71st St
  • Address - House Number: 5160
  • Street Direction: E
  • Address - Street Name: 71st
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C002
  • 4-Digit Zip Code: 3892
  • Zip Code: 46220

Valuation

    Tax

  • Total Area: 2,028
  • Tax Year: 2022
  • Tax Amount: $4,617
  • Tax Rate Code Area: 800

    Appraisal Valuation

  • Standard Deviation: 0.2195
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 413,718
  • High Value: 504,547
  • Low Value: 322,889

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $273,000
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Apr 06, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $273,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $377,700
  • Market Land Value: $55,700
  • Market Improvement Value: $322,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $377,700
  • Assessed Land Value: $55,700
  • Assessed Improvements Value: $322,000

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 07, 2018
  • Current Sale Recording Date: Sep 13, 2018
  • Current Sale Transaction ID: 11520390790
  • Current Sale Price: $267,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201800093502
  • Previous Sale Recording Date: Aug 29, 2013
  • Previous Sale Amount: $237,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW PENN FINANCIAL LLC
  • First Mortgage Transaction Date: Sep 13, 2018
  • First Mortgage Loan Amount: $267,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 5160 East 71st Street located in?
The 5160 East 71st Street is a house located in the neighborhood of Steinmeier Estates in Allisonville, Indianapolis.
What is the average sales price for listings in 5160 East 71st Street?
The average sales price for units in 5160 East 71st Street is $0 currently.

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