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5326 Milhouse Road

5326 Milhouse Road, Indianapolis, IN 46221
Property in Valley Mills
Sold Jun 16, 2021
$132,500
$131,250 by Pennymac Loan Services Llc
Mortgage Due Feb 01, 2052
Sold Jul 05, 2019
$142,500
$103,500 by Bailey & Wood Financial Group
Mortgage Due Aug 01, 2049
5326 Milhouse Road has been categorized by the local assessors in Indianapolis, IN as a residential type of property. The building on the property was first built in 1997 and is 27 years old. However, we must point out that the home was most recently renovated and altered in 2007. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5326 Milhouse Road has 1,187 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 7,187 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5326 Milhouse Road sold most recently in Oct 17, 2020 for a total of $132,500. If you work out the math, that's approximately a cost of $81.44 per sqft. Before that, the property was also sold for $142,500 in Jul 2, 2019. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,100 in taxes each year. 5326 Milhouse Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $196,700. If we break it down further, the land itself was valued at $17,200. Improvements to the property, however, were assessed at a total of $179,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,187
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,627
  • Gross Building Area: 1,627
  • Building Area: 1,187
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,187
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RIVER RUN SEC 2
  • Land Acres: 0.165
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: RIVER RUN SEC 2 L099

Ownership

  • Current Owner : PALEM AVINASH REDDY
  • Current Owner 2: MALAPATI NAGASUDHA R
  • Previous Owner : PALEM AVINASH REDDY
  • Owner Before Previous Owner: TREEHOUSE INVESTMENTS LLC

Neighborhood

  • School District Name: Decatur Township Metropolitan School District
  • Census Tract: 370306

Geography

  • Assessors Map Reference: 2553-C2
  • District: 0002
  • Section: 120
  • Parcel: 49-13-12-103-001.000-200
  • Lot: 099
  • Municipality: DECATUR TOWNSHIP
  • Latitude: 39.6742
  • Longitude: -86.2505

    Address

  • Full Address: 5326 Milhouse Rd
  • Address - House Number: 5326
  • Address - Street Name: Milhouse
  • Address - Suffix Type: Rd
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: R034
  • 4-Digit Zip Code: 4216
  • Zip Code: 46221

Valuation

    Tax

  • Total Area: 1,187
  • Tax Year: 2022
  • Tax Amount: $4,100
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.249
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 64
  • Final Value: 243,465
  • High Value: 304,092
  • Low Value: 182,839

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $131,250
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Jan 14, 2022
  • First Open Lien Mortgage Loan Amount: $131,250
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $196,700
  • Market Land Value: $17,200
  • Market Improvement Value: $179,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $196,700
  • Assessed Land Value: $17,200
  • Assessed Improvements Value: $179,500

    Sales

  • Current Sale Contract Date: Oct 17, 2020
  • Current Sale Recording Date: Jun 16, 2021
  • Current Sale Transaction ID: 11840520339
  • Current Sale Price: $132,500
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: A202100078689
  • Previous Sale Recording Date: Jul 05, 2019
  • Previous Sale Contract Date: Jul 02, 2019
  • Previous Sale Amount: $142,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORP
  • First Mortgage Transaction Date: Jun 16, 2021
  • First Mortgage Loan Amount: $106,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: BAILEY & WOOD FINANCIAL GROUP
  • Previous Mortgage Transaction Date: Jul 05, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $103,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Aug 01, 2049

About Valley Mills



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Frequently Asked Questions

What neighborhood is 5326 Milhouse Road located in?
The 5326 Milhouse Road is a located in the neighborhood of Valley Mills in Valley Mills, Indianapolis.
What is the average sales price for listings in 5326 Milhouse Road?
The average sales price for units in 5326 Milhouse Road is $0 currently.

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