See Home Value
$171,318*
House - Off Market

611 Wallace Avenue

Indianapolis, IN 46201
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1425 Sqft
$153,000 - $187,000
Reference Base Price*
0.78%
Since Jun 1, 2023
National-US
Primary Model
Sold May 16, 2023
$232,750
$175,000 by National Bank Of Indianapolis
Mortgage Due Jun 01, 2053
Sold Jan 18, 2018
$117,900
$115,764 by Union Savings Bank
Mortgage Due Feb 01, 2048

About This Property

Emerson Heights is a neighborhood you should check out! This little house lives large on a quiet, tree-lined street. 9'+ceilings, character details, and original hardwood floors. New Furnace/AC & tankless water heater. New sewer line, oven and dishwasher 2021. Roof around 5yo. 2 car garage and large back yard make this a great place to call home.

The manager has listed the unit size as 1425 square feet.
Unit Size
1,425Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$119
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1920

Price History

Date / Event Date Event Price
May 16, 2023 Sold to Matthew Lars Nordland $232,750
Sold to Matthew Lars Nordland
May 11, 2023 No longer available -
No longer available
Apr 11, 2023 In contract -
In contract
Apr 5, 2023 Listed $170,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 1,251
  • Garage Type: Detached
  • Garage Square Area: 528
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,403
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,520
  • Gross Building Area: 2,520
  • Building Area: 1,269
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,269
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: EMERSON HEIGHTS ADD 2ND SEC
  • Land Acres: 0.147
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: EMERSON HTS L21 BLK4

Ownership

  • Current Owner : NORDLAND MATTHEW LARS
  • Previous Owner : BUCKLEY CODY M
  • Owner Before Previous Owner: SKETCHBOOK PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 355300

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2338-E2
  • District: 0001
  • Section: 4015004
  • Parcel: 49-10-04-101-014.000-101
  • Block: 4
  • Lot: 21
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7762
  • Longitude: -86.0885

    Address

  • Full Address: 611 Wallace Ave
  • Address - House Number: 611
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C023
  • 4-Digit Zip Code: 2927
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 2,520
  • Tax Year: 2022
  • Tax Amount: $2,247
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2388
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 66
  • Final Value: 228,988
  • High Value: 283,682
  • Low Value: 174,294

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: NATIONAL BANK OF INDIANAPOLIS
  • First Open Lien Mortgage Recording Date: May 16, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $175,000
  • 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, 2053

    Market Valuation

  • Market Total Value: $180,800
  • Market Land Value: $25,300
  • Market Improvement Value: $155,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,800
  • Assessed Land Value: $25,300
  • Assessed Improvements Value: $155,500

    Sales

  • Current Sale Contract Date: May 09, 2023
  • Current Sale Recording Date: May 16, 2023
  • Current Sale Transaction ID: 11906646307
  • Current Sale Price: $232,750
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 38512
  • Previous Sale Recording Date: Jan 18, 2018
  • Previous Sale Contract Date: Jan 16, 2018
  • Previous Sale Amount: $117,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONAL BANK OF INDIANAPOLIS
  • First Mortgage Transaction Date: May 16, 2023
  • First Mortgage Loan Amount: $175,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: UNION SAVINGS BANK
  • Previous Mortgage Transaction Date: Jan 18, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $115,764
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2048



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,364 ft²
$130/ft²
$177,500 Oct 7, 2022
-
$134/mo
House
2 Beds
1 Bath
1,238 ft²
$113/ft²
$139,897 Dec 5, 2022
-
$151/mo
House
2 Beds
1 Bath
1,180 ft²
$140/ft²
$165,000 Apr 12, 2023
-
-
House
3 Beds
3 Baths
1,716 ft²
$117/ft²
$199,999 Sep 2, 2022
-
$312/mo
House
2 Beds
1 Bath
988 ft²
$152/ft²
$149,900 Feb 21, 2023
-
-
House
3 Beds
2 Baths
2,065 ft²
$96/ft²
$199,000 Jan 6, 2023
-
$126/mo
House
5 Beds
3 Baths
1,442 ft²
$135/ft²
$195,000 Mar 15, 2023
-
-
Multifamily
Stu
-
-
$162,500 Mar 6, 2023
-
-
Multifamily
Stu
-
-
$170,000 Nov 10, 2022
-
$207/mo
Multifamily
Stu
-
-
$170,000 Nov 10, 2022
-
$208/mo
Multifamily
Stu
-
-
$170,000 Nov 10, 2022
-
$227/mo
Multifamily
Stu
-
-
$170,000 Nov 10, 2022
-
$175/mo

About Near Eastside


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Frequently Asked Questions

When was property at 611 Wallace Avenue built and last sold?
The property at 611 Wallace Avenue was built in 1920 and last sold on May 9, 2023 for $232,750.
How much is this home worth?
The estimated value of the home located at 611 Wallace Avenue is $173,378.
What are some comparable homes to 611 Wallace Avenue?
Homes that are comparable to 611 Wallace Avenue include a house property at 822 North Drexel Avenue, 630 North Emerson Avenue, 420 North Gladstone Avenue.

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