See Home Value
$590,863*
House - Off Market

622 Terrace Avenue

Indianapolis, IN 46203
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2154 Sqft
$473,000 - $577,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold May 16, 2022
$303,500
$310,000 by American Mortgage Service Comp
Mortgage Due May 01, 2052
Sold May 17, 2021
$484,900
$387,900 by Vine Property Group Llc
Mortgage

About This Property

The manager has listed the unit size as 2154 square feet.
Unit Size
2,154Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$244
Property Type
House
Property Taxes
$84
HOA Dues
-
Year Built
2021

Price History

Date / Event Date Event Price
Oct 9, 2021 No longer available -
No longer available
Sep 18, 2021 No longer available -
No longer available
Sep 17, 2021 Listed $525,000
Listed
Jul 27, 2021 Listed $525,000
Listed
2154 Sq. Ft 2 story on a crawl space with 9' first and second floors with 3 bedrooms and luxury master bath and hall bath on 2nd floor. First floor open concept with luxury kitchen, large dining area and large family room with 1/2 bath and large walk in laundry room Vinyl plank flooring throughout. Smart wired for security and data. Marvin windows, Therma-tru custom exterior doors, upgraded appliances, cement siding, 12/12 roof pitches for an awesome exterior elevation, professionally…
May 17, 2021 Sold $484,900
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 421
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,528
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 350
  • Total Building Area: 2,456
  • Gross Building Area: 2,456
  • Building Area: 2,456
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,456
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTH PARK SUB SOUTH PARK ADD
  • Land Acres: 0.081
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SOUTH PARK ADD L91

Ownership

  • Current Owner : LAWRENCE JENELLE DIANE
  • Previous Owner : RISE BUILDERS LLC
  • Owner Before Previous Owner: BENCHMARK DESIGN HOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 357000

Zoning

  • Zoning: ZO01

Geography

  • District: 0001
  • Section: 130
  • Parcel: 49-11-13-184-016.000-101
  • Lot: 91
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7485
  • Longitude: -86.1478

    Address

  • Full Address: 622 Terrace Ave
  • Address - House Number: 622
  • Address - Street Name: Terrace
  • Address - Suffix Type: Ave
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C023
  • 4-Digit Zip Code: 2727
  • Zip Code: 46203

Valuation

    Tax

  • Total Area: 2,105
  • Tax Year: 2022
  • Tax Amount: $2,649
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.1635
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 79
  • Final Value: 542,778
  • High Value: 631,564
  • Low Value: 453,992

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $375,000
  • First Open Lien Mortgage Lender: AMERICAN MORTGAGE SERVICE COMP
  • First Open Lien Mortgage Recording Date: May 16, 2022
  • First Open Lien Mortgage Loan Amount: $310,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: May 01, 2052
  • Second Open Lien Mortgage Lender: BANK OF AMERICA, N.A.
  • Second Open Lien Mortgage Recording Date: Oct 23, 2023
  • Second Open Lien Mortgage Loan Amount: $65,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Oct 06, 2053

    Market Valuation

  • Market Total Value: $393,100
  • Market Land Value: $34,000
  • Market Improvement Value: $359,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $393,100
  • Assessed Land Value: $34,000
  • Assessed Improvements Value: $359,100

    Sales

  • Current Sale Contract Date: May 09, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Transaction ID: 11888097167
  • Current Sale Price: $303,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 55946
  • Previous Sale Recording Date: May 17, 2021
  • Previous Sale Contract Date: May 10, 2021
  • Previous Sale Amount: $484,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN MORTGAGE SERVICE COMP
  • First Mortgage Transaction Date: May 16, 2022
  • First Mortgage Loan Amount: $310,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: VINE PROPERTY GROUP LLC
  • Previous Mortgage Transaction Date: May 17, 2021
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $387,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2.5 Baths
2,649 ft²
$217/ft²
$574,990 Jan 13, 2023
-
-
House
3 Beds
3.5 Baths
2,920 ft²
$197/ft²
$575,000 Jan 13, 2023
-
-
House
4 Beds
3.5 Baths
1,875 ft²
$234/ft²
$439,000 Nov 15, 2022
-
$247/mo
Commercial
Loft
-
-
$450,000 Aug 19, 2022
-
$227/mo

About Near Southside


Similar Homes for Sale

Unit for sale at 1872 Shelby Street, Indianapolis, IN 46203

$450,000

  • Commercial
1872 Shelby Street, Indianapolis, IN 46203 Listing by Halea Kopetsky
Unit for sale at 1126 Union Street, Indianapolis, IN 46225

$439,000

  • 4 Beds
  • 3.5 Baths
  • 1,875 ft²
1126 Union Street, Indianapolis, IN 46225 Listing by Beth Guthrie
Unit for sale at 1356 Barth Avenue, Indianapolis, IN 46203

$574,990

  • 3 Beds
  • 2.5 Baths
  • 2,649 ft²
1356 Barth Avenue, Indianapolis, IN 46203 Listing by Jason Hess

Nearby Rentals

Unit for rent at 430 N Park Ave #211, Indianapolis, IN, 46202

$4,000 /mo

  • 3 Beds
  • 2 Baths
430 N Park Ave #211 #Unit #211, Indianapolis, IN, 46202 Listing by Manager


Frequently Asked Questions

When was property at 622 Terrace Avenue built and last sold?
The property at 622 Terrace Avenue was built in 2021 and last sold on May 9, 2022 for $303,500.
How much is this home worth?
The estimated value of the home located at 622 Terrace Avenue is $523,513.
What are some comparable homes to 622 Terrace Avenue?
There are currently no comparable homes to 622 Terrace Avenue.

Quantcast