See Home Value
$346,416*
House - Off Market

541 East MERRILL Street

Indianapolis, IN 46203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
2201 Sqft
$207,000 - $251,000
Reference Base Price*
51.27%
Since Sep 1, 2018
National-US
Primary Model
Sold Jun 14, 2018
$231,000
$184,800 by Fairway Independent Mtg Corp
Mortgage Due Jun 01, 2048

About This Property

Great investment opportunity in Fletcher Place! You will love the location of this home within walking distance to some of the best eateries in the city! Close to everything downtown has to offer. This Two bedroom home with great patio for entertaining and large garage is currently tenant occupied through October.  This home has a unique basement that used to be utilized for processing produce back in the day. Several rooms that are great for storage. Another possibility would be to add a roof top deck to the garage and have a great view of downtown! Keep it as a rental or invest in turning it into the home of your dreams in a great location!

The manager has listed the unit size as 2201 square feet.
Unit Size
2,201Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$104
Property Type
House
Property Taxes
$1,946
HOA Dues
-
Year Built
1955

Price History

Date / Event Date Event Price
Aug 14, 2018 No longer available -
No longer available
Jun 14, 2018 Sold to Ben H Beck, Burt A Beck $231,000
Sold to Ben H Beck, Burt A Beck
May 9, 2018 Listed $229,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 720
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 3,615
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 310
  • Total Building Area: 1,001
  • Gross Building Area: 1,001
  • Building Area: 1,001
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,001
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: COFFMANS SUB 31FT E SIDE
  • Land Acres: 0.083
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: COFFMANS SUB 31FT E SIDE L27 OL101

Ownership

  • Current Owner : BECK BEN H
  • Current Owner 2: BECK BURT A
  • Previous Owner : MERANDA JOYCE D
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 356200

Zoning

  • Zoning: ZO01

Geography

  • District: 0001
  • Section: 120
  • Parcel: 49-11-12-218-020.000-101
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7585
  • Longitude: -86.1482

    Address

  • Full Address: 541 E Merrill St
  • Address - House Number: 541
  • Street Direction: E
  • Address - Street Name: Merrill
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C024
  • 4-Digit Zip Code: 1725
  • Zip Code: 46203

Valuation

    Tax

  • Total Area: 1,001
  • Tax Year: 2021
  • Tax Amount: $2,918
  • Tax Rate Code Area: 101:INDPLS

    Appraisal Valuation

  • Standard Deviation: 0.2222
  • Valuation Date: Oct 05, 2022
  • Confidence Score: 69
  • Final Value: 242,539
  • High Value: 296,447
  • Low Value: 188,631

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $184,800
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Open Lien Mortgage Recording Date: Jun 14, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $184,800
  • 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: Jun 01, 2048
  • Second Open Lien Mortgage Recording Date: Jun 14, 2018
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2048

    Market Valuation

  • Market Total Value: $122,100
  • Market Land Value: $20,200
  • Market Improvement Value: $101,900

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $122,100
  • Assessed Land Value: $20,200
  • Assessed Improvements Value: $101,900

    Sales

  • Current Sale Contract Date: May 24, 2018
  • Current Sale Recording Date: Jun 14, 2018
  • Current Sale Transaction ID: 11483841907
  • Current Sale Price: $231,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201800058846

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Mortgage Transaction Date: Jun 14, 2018
  • First Mortgage Loan Amount: $184,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2048

    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
House
5 Beds
2 Baths
-
$233,500 Oct 16, 1996
$233,500 Dec 12, 1996
$208/mo
Multifamily
4 Beds
2 Baths
-
$208,000 Nov 4, 2016
$208,000 Mar 7, 2017
$602/mo
House
2 Beds
2.5 Baths
1,213 ft²
$198/ft²
$239,900 Dec 2, 2022
-
$222/mo
House
3 Beds
2 Baths
1,737 ft²
$125/ft²
$217,100 Jul 18, 2022
-
$291/mo
Townhouse
3 Beds
2.5 Baths
1,565 ft²
$147/ft²
$229,900 Dec 7, 2022
-
$171/mo
House
3 Beds
1 Bath
1,518 ft²
$142/ft²
$215,000 Jan 2, 2023
-
$12/mo
Multifamily
Stu
-
-
$254,900 Jul 21, 2022
-
$341/mo
Multifamily
Stu
-
-
$195,000 Jun 1, 2022
-
$82/mo

About Downtown Indianapolis


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Frequently Asked Questions

When was property at 541 East Merrill Street built and last sold?
The property at 541 East Merrill Street was built in 1955 and last sold on May 24, 2018 for $231,000.
How much is this home worth?
The estimated value of the home located at 541 East Merrill Street is $255,884.
What are some comparable homes to 541 East Merrill Street?
There are currently no comparable homes to 541 East Merrill Street.

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