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5716 Misty Ridge Drive

5716 Misty Ridge Drive, Indianapolis, IN 46237
Sold May 03, 2023
Transfer
$140,000 by National Bank Of Indianapolis
Mortgage Due Oct 01, 2051
Sold Sep 23, 2021
$175,000
$140,000 by National Bank Of Indianapolis
Mortgage Due Oct 01, 2051
5716 Misty Ridge Drive 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. The home has a total of 8 rooms. 2 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, 5716 Misty Ridge Drive has 1,300 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,355 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a row home style.

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 478 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. There is a single fireplace in the home. Perfect for those wintery nights. 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. Before that, the property was also sold for $175,000 in Sep 20, 2021. 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 $3,508 in taxes each year. 5716 Misty Ridge Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $166,400. If we break it down further, the land itself was valued at $22,800. Improvements to the property, however, were assessed at a total of $143,600. 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

Brick Exterior
Vinyl Siding

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Row home
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 478
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,355
  • Total Building Area: 1,778
  • Gross Building Area: 1,778
  • Building Area: 1,300
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,300
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MISTY RIDGE
  • Land Acres: 0.123
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: MISTY RIDGE LOT 14B

Ownership

  • Current Owner : MAGEE MARGARET E
  • Previous Owner : REVOCABLE TRUST
  • Owner Before Previous Owner: MAGEE MARGARET E
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Franklin Township Community School Corporation
  • Census Tract: 390411

Geography

  • Assessors Map Reference: 2557-B1
  • District: 0003
  • Section: 3014004
  • Parcel: 49-15-03-119-039.000-300
  • Lot: 14B
  • Municipality: FRANKLIN TOWNSHIP
  • Latitude: 39.6847
  • Longitude: -86.0728

    Address

  • Full Address: 5716 Misty Ridge Dr
  • Address - House Number: 5716
  • Address - Street Name: Misty Ridge
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C086
  • 4-Digit Zip Code: 2740
  • Zip Code: 46237

Valuation

    Tax

  • Total Area: 1,300
  • Tax Year: 2022
  • Tax Amount: $3,508
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.2292
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 68
  • Final Value: 233,049
  • High Value: 286,486
  • Low Value: 179,612

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $140,000
  • First Open Lien Mortgage Lender: NATIONAL BANK OF INDIANAPOLIS
  • First Open Lien Mortgage Recording Date: Sep 23, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $140,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $166,400
  • Market Land Value: $22,800
  • Market Improvement Value: $143,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $166,400
  • Assessed Land Value: $22,800
  • Assessed Improvements Value: $143,600

    Sales

  • Current Sale Contract Date: Apr 26, 2023
  • Current Sale Recording Date: May 03, 2023
  • Current Sale Transaction ID: 11906298069
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 34808
  • Previous Sale Recording Date: Sep 23, 2021
  • Previous Sale Contract Date: Sep 20, 2021
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Quit Claim Deed

    Previous Mortgages

  • Previous Mortgage Lender: NATIONAL BANK OF INDIANAPOLIS
  • Previous Mortgage Transaction Date: Sep 23, 2021
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2051

About I65-South Emerson



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Nearby Rentals

Unit for rent at 5616 Woodland Trace Boulevard, Indianapolis, IN, 46237

$2,140 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,360 ft²
5616 Woodland Trace Boulevard, Indianapolis, IN, 46237 Listing by Katie Paden

Frequently Asked Questions

What neighborhood is 5716 Misty Ridge Drive located in?
The 5716 Misty Ridge Drive is a located in the neighborhood of I65-South Emerson in I65-South Emerson, Indianapolis.
What is the average sales price for listings in 5716 Misty Ridge Drive?
The average sales price for units in 5716 Misty Ridge Drive is $0 currently.

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