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5316 Ralston Avenue

5316 Ralston Avenue, Indianapolis, IN 46220
Property in Chatard
Sold Jul 25, 2014
$144,900
$115,900 by Franklin American Mortgage Co
Mortgage Due May 01, 2044
Sold Apr 29, 2014
$122,000
Llc
Seller
Local assessors in Indianapolis, IN have categorized 5316 Ralston Avenue as a residential type of property. The home was built in 1952 and is 72 years old. It was most recently renovated and altered in 1960. The property's lot size has been calculated to be 6,708 square feet. The linear feet between the front and back of the lot was measured at 1,180 ft and the front of the lot was measured at 570 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. 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 5316 Ralston Avenue has a total of 858 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 858 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 detached garage for those who need a place to park their vehicle. The garage on the property is 308 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 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. Residents rely on no air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 5316 Ralston Avenue was last sold in Apr 29, 2014 for $144,900. According to our calculations, that's $84.44 per sqft. Prior to that sales transaction, the property was sold for $122,000 in Jan 1, 1970. Current property owners are expected to pay $4,613 in taxes per year. The property on 5316 Ralston Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $178,800. To break that down further, the land itself was valued at $36,700. While improvements to the property were assessed at a total of $142,100. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1952
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 858
  • Garage Type: Detached
  • Garage Square Area: 308
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,708
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 570
  • Total Building Area: 1,716
  • Gross Building Area: 1,716
  • Building Area: 858
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 858
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: COLONIAL MANOR
  • Land Acres: 0.154
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: COLONIAL MANOR L91

Ownership

  • Current Owner : STEARNS MARC A
  • Previous Owner : PROP 58 LLC
  • Owner Before Previous Owner: LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 321700

Geography

  • Assessors Map Reference: 2120-A6
  • District: 0008
  • Section: 7016004
  • Parcel: 49-07-07-134-042.000-801
  • Lot: 91
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 39.8497
  • Longitude: -86.1319

    Address

  • Full Address: 5316 Ralston Ave
  • Address - House Number: 5316
  • Address - Street Name: Ralston
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C022
  • 4-Digit Zip Code: 3424
  • Zip Code: 46220

Valuation

    Tax

  • Total Area: 1,716
  • Tax Year: 2022
  • Tax Amount: $4,613
  • Tax Rate Code Area: 801

    Appraisal Valuation

  • Standard Deviation: 0.2214
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 280,724
  • High Value: 342,904
  • Low Value: 218,544

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $115,900
  • First Open Lien Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Jul 25, 2014
  • First Open Lien Mortgage Loan Amount: $115,900
  • 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: May 01, 2044

    Market Valuation

  • Market Total Value: $178,800
  • Market Land Value: $36,700
  • Market Improvement Value: $142,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $178,800
  • Assessed Land Value: $36,700
  • Assessed Improvements Value: $142,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 29, 2014
  • Current Sale Recording Date: Jul 25, 2014
  • Current Sale Transaction ID: 1084435086
  • Current Sale Price: $144,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201400068469
  • Previous Sale Recording Date: Apr 29, 2014
  • Previous Sale Amount: $122,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • First Mortgage Transaction Date: Jul 25, 2014
  • First Mortgage Loan Amount: $115,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2044

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Frequently Asked Questions

What neighborhood is 5316 Ralston Avenue located in?
The 5316 Ralston Avenue is a located in the neighborhood of Chatard in Chatard, Indianapolis.
What is the average sales price for listings in 5316 Ralston Avenue?
The average sales price for units in 5316 Ralston Avenue is $0 currently.

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