See Home Value
$62,155*
House - Off Market

5230 Melrose Avenue

Indianapolis, IN 46241
bedrooms
1 Bed
bathrooms
1 Bath
square feet
484 Sqft
$40,000 - $50,000
Reference Base Price*
51.97%
Since Feb 1, 2019
National-US
Primary Model
Sold Feb 04, 2019
$40,900
$39,673 by Wells Fargo Bank
Mortgage

About This Property

Own a New Investment Property that Already Has a Tenant In Place. The Home has Newer Carpet and Vinyl. Bathroom has also been updated with a Walk In Shower and Pedestal Sink. Very Nice 3 Season Room. Bedroom #2 is small but DEFINITELY can fit a Day Bed. It also has 2 Closets and a Window. 1 Car Detached Garage has a lean to for additional parking. Garage also has a Separate Room for Workshop or Extra Storage. Great for Investment Purposes or First Time Home Buyers. Seller also Owns 5228 Melrose and it's also For Sale.

The manager has listed the unit size as 484 square feet.
Unit Size
484Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$85
Property Type
House
Property Taxes
$1,066
HOA Dues
-
Year Built
1949

Price History

Date / Event Date Event Price
Feb 4, 2019 Sold to Colleen Wagner $49,600
Sold to Colleen Wagner
Jan 23, 2019 No longer available -
No longer available
Aug 22, 2018 Price Decreased $40,900
↓ $1K (2.6%)
Price Decreased
Jul 15, 2018 Price Decreased $42,000
↓ $1K (2.3%)
Price Decreased
Jun 12, 2018 Price Decreased $43,000
↓ $2K (4.2%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,704
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 400
  • Total Building Area: 576
  • Gross Building Area: 576
  • Building Area: 576
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 576
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: DREXEL GARDENS NO. 2
  • Land Acres: 0.108
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: DREXEL GARDENS NO. 2 L399 & 1/2 VACATED ALLEY WEST END AND ADJACENT

Ownership

  • Current Owner : WAGNER COLLEEN
  • Previous Owner : NORTHERN JOYCE KAY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wayne Township Metropolitan School District
  • Census Tract: 342300

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2335-C7
  • District: 0009
  • Section: 180
  • Parcel: 49-11-18-113-027.000-900
  • Lot: 399
  • Municipality: WAYNE TOWNSHIP
  • Latitude: 39.7409
  • Longitude: -86.2495

    Address

  • Full Address: 5230 Melrose Ave
  • Address - House Number: 5230
  • Address - Street Name: Melrose
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C007
  • 4-Digit Zip Code: 4649
  • Zip Code: 46241

Valuation

    Tax

  • Total Area: 484
  • Tax Year: 2022
  • Tax Amount: $791
  • Tax Rate Code Area: 900

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 75
  • Final Value: 119,028
  • High Value: 140,981
  • Low Value: 97,076

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $39,673
  • First Open Lien Mortgage Lender: WELLS FARGO BANK
  • First Open Lien Mortgage Recording Date: Feb 04, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $39,673
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $74,400
  • Market Land Value: $4,400
  • Market Improvement Value: $70,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $74,400
  • Assessed Land Value: $4,400
  • Assessed Improvements Value: $70,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 18, 2019
  • Current Sale Recording Date: Feb 04, 2019
  • Current Sale Transaction ID: 11570692261
  • Current Sale Price: $40,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201900010012

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK
  • First Mortgage Transaction Date: Feb 04, 2019
  • First Mortgage Loan Amount: $39,673
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Park Fletcher


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Unit for rent at 3255 S Lockburn St., Indianapolis, IN, 46221

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Frequently Asked Questions

When was property at 5230 Melrose Avenue built and last sold?
The property at 5230 Melrose Avenue was built in 1949 and last sold on Jan 18, 2019 for $40,900.
How much is this home worth?
The estimated value of the home located at 5230 Melrose Avenue is $42,042.
What are some comparable homes to 5230 Melrose Avenue?
There are currently no comparable homes to 5230 Melrose Avenue.

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