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57 North Sherman Drive

57 North Sherman Drive, Indianapolis, IN 46201
Multifamily in Tuxedo Park
Sold Aug 29, 2019
$91,000
Sold Jul 12, 2017
$67,000
$49,380 by Wells Fargo Bank
Mortgage Due Aug 01, 2047
57 North Sherman Drive in Indianapolis, IN was first built in 1910 and is 114 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. 57 North Sherman Drive has 1,320 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 660 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,340. In total, the area measurement of the land is 5,358 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a central heating 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, 57 North Sherman Drive sold most recently in Aug 19, 2019 for a total of $91,000. If you work out the math, that's approximately a cost of $45.96 per sqft. Before that, the property was also sold for $67,000 in Jul 5, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,410 in taxes each year. 57 North Sherman Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $99,500. If we break it down further, the land itself was valued at $6,100. Improvements to the property, however, were assessed at a total of $93,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Aluminum Siding

Parking

On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Full basement
  • Basement Area: 660
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,358
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,980
  • Gross Building Area: 1,980
  • Building Area: 1,320
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,320
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LONG & HARLANS COTTAGE HOME ADD BRADLEY
  • Land Acres: 0.123
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: LONG & HARLANS COTTAGE HOME ADD L67

Ownership

  • Current Owner : ENTRUST GROUP INC
  • Previous Owner : RUTLEDGE DAVID O
  • Owner Before Previous Owner: CAYEMITTE SANDRA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 355100

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2338-D3
  • District: 0001
  • Section: 4015004
  • Parcel: 49-10-04-134-044.000-101
  • Lot: 67
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7709
  • Longitude: -86.1019

    Address

  • Full Address: 57 N Sherman Dr
  • Address - House Number: 57
  • Street Direction: N
  • Address - Street Name: Sherman
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C005
  • 4-Digit Zip Code: 3559
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 1,980
  • Tax Year: 2022
  • Tax Amount: $2,410
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2639
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 183,803
  • High Value: 232,317
  • Low Value: 135,289

    Market Valuation

  • Market Total Value: $99,500
  • Market Land Value: $6,100
  • Market Improvement Value: $93,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,500
  • Assessed Land Value: $6,100
  • Assessed Improvements Value: $93,400

    Sales

  • Current Sale Contract Date: Aug 19, 2019
  • Current Sale Recording Date: Aug 29, 2019
  • Current Sale Transaction ID: 11642133565
  • Current Sale Price: $91,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201900083108
  • Previous Sale Recording Date: Jul 12, 2017
  • Previous Sale Contract Date: Jul 05, 2017
  • Previous Sale Amount: $67,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK
  • Previous Mortgage Transaction Date: Jul 12, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $49,380
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2047

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Frequently Asked Questions

What neighborhood is 57 North Sherman Drive located in?
The 57 North Sherman Drive is a multifamily located in the neighborhood of Tuxedo Park in Near Eastside, Indianapolis.
What is the average sales price for listings in 57 North Sherman Drive?
The average sales price for units in 57 North Sherman Drive is $0 currently.

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