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5976 Cadillac Drive

5976 Cadillac Drive, Indianapolis, IN 46224
Property in Speedway
Sold May 31, 2022
$253,800
$203,000 by Guaranteed Rate Inc
Mortgage Due Jun 01, 2052
Sold Sep 04, 2014
$115,000
$92,000 by Freedom Mortgage Corp
Mortgage Due Sep 01, 2044
Local assessors in Indianapolis, IN have categorized 5976 Cadillac Drive as a residential type of property. The home was built in 1953 and is 71 years old. It was most recently renovated and altered in 1975. The property's lot size has been calculated to be 9,278 square feet. The linear feet between the front and back of the lot was measured at 1,430 ft and the front of the lot was measured at 650 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. 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 5976 Cadillac Drive has a total of 1,976 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 finished improved basement that is 988 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 720 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. 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 brick 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 - D. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 5976 Cadillac Drive sold most recently in Jan 1, 1970 for a total of $253,800. If you work out the math, that's approximately a cost of $128.44 per sqft. Before that, the property was also sold for $115,000 in Aug 28, 2014. 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 $2,322 in taxes each year. 5976 Cadillac Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $195,300. If we break it down further, the land itself was valued at $15,700. Improvements to the property, however, were assessed at a total of $179,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1953
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 988
  • Garage Type: Detached
  • Garage Square Area: 720
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 9,278
  • Lot Size Depth Feet: 1,430
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,976
  • Gross Building Area: 1,976
  • Building Area: 1,976
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,976
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SPEEDWAY CUNNINGHAM PARK AMENDED
  • Land Acres: 0.213
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SPEEDWAY CUNNINGHAM PARK AMENDED L160

Ownership

  • Current Owner : ALAO ADEYOOLA
  • Previous Owner : WORKMAN JUSTIN N
  • Owner Before Previous Owner: REYNOLDS GAYLA A
  • Owner Before Previous Owner 2: REYNOLDS GAYLA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Speedway School Town
  • Census Tract: 340904

Geography

  • Assessors Map Reference: 2226-B7
  • District: 0009
  • Section: 360
  • Parcel: 49-05-36-125-080.000-914
  • Lot: 160
  • Municipality: WAYNE TOWNSHIP
  • Latitude: 39.7878
  • Longitude: -86.2649

    Address

  • Full Address: 5976 Cadillac Dr
  • Address - House Number: 5976
  • Address - Street Name: Cadillac
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C003
  • 4-Digit Zip Code: 5327
  • Zip Code: 46224

Valuation

    Tax

  • Total Area: 1,976
  • Tax Year: 2022
  • Tax Amount: $2,322
  • Tax Rate Code Area: 914

    Appraisal Valuation

  • Standard Deviation: 0.2243
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 276,821
  • High Value: 338,921
  • Low Value: 214,722

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $203,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: May 31, 2022
  • First Open Lien Mortgage Loan Amount: $203,000
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $195,300
  • Market Land Value: $15,700
  • Market Improvement Value: $179,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,300
  • Assessed Land Value: $15,700
  • Assessed Improvements Value: $179,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: May 31, 2022
  • Current Sale Transaction ID: 11889390444
  • Current Sale Price: $253,800
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 61687
  • Previous Sale Recording Date: Sep 04, 2014
  • Previous Sale Contract Date: Aug 28, 2014
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: May 31, 2022
  • First Mortgage Loan Amount: $203,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FREEDOM MORTGAGE CORP
  • Previous Mortgage Transaction Date: Sep 04, 2014
  • Previous Mortgage Loan Amount: $92,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2044

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Frequently Asked Questions

What neighborhood is 5976 Cadillac Drive located in?
The 5976 Cadillac Drive is a located in the neighborhood of Speedway in Speedway, Indianapolis.
What is the average sales price for listings in 5976 Cadillac Drive?
The average sales price for units in 5976 Cadillac Drive is $0 currently.

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