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640 South Cole Street

640 South Cole Street, Indianapolis, IN 46241
House in Garden City
Sold Sep 27, 2018
$75,000
$76,500 by Rocket Mortgage Llc
Mortgage Due Jan 01, 2052
Sold Sep 25, 2018
$75,000
640 South Cole Street in Indianapolis, IN was first built in 1923 and is 101 years old. Although, the building on the property was most recently renovated and altered in 1957. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. 640 South Cole Street has 1,248 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 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. There is a unknown. 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. For those who need parking, there is a detached garage. The garage is 480 sqft. There are a total of 2 available parking spaces. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 640 South Cole Street was last sold in Sep 25, 2018 for $75,000. According to our calculations, that's $60.10 per sqft. Prior to that sales transaction, the property was sold for $75,000 in Jan 1, 1970. Current property owners are expected to pay $1,792 in taxes per year. The property on 640 South Cole Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $110,900. To break that down further, the land itself was valued at $3,600. While improvements to the property were assessed at a total of $107,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,358
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,248
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WAYNE PARK
  • Land Acres: 0.123
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: WAYNE PARK L210

Ownership

  • Current Owner : OTTINGER CHRIS
  • Current Owner 2: RYAN EMILY
  • Previous Owner : MARTINEZ MARGARITO MARCO ANTONIO
  • Owner Before Previous Owner: ANTONIO MARTINEZ-MARGARITO MARCO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Wayne Township Metropolitan School District
  • Census Tract: 342500

Geography

  • Assessors Map Reference: 2335-D5
  • District: 0009
  • Section: 7015003
  • Parcel: 49-11-07-103-007.000-930
  • Lot: 210
  • Municipality: WAYNE TOWNSHIP
  • Latitude: 39.7563
  • Longitude: -86.2419

    Address

  • Full Address: 640 S Cole St
  • Address - House Number: 640
  • Street Direction: S
  • Address - Street Name: Cole
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C004
  • 4-Digit Zip Code: 2214
  • Zip Code: 46241

Valuation

    Tax

  • Total Area: 1,248
  • Tax Year: 2022
  • Tax Amount: $1,792
  • Tax Rate Code Area: 930

    Appraisal Valuation

  • Standard Deviation: 0.2398
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 66
  • Final Value: 150,151
  • High Value: 186,161
  • Low Value: 114,141

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $76,500
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 30, 2021
  • First Open Lien Mortgage Loan Amount: $76,500
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $110,900
  • Market Land Value: $3,600
  • Market Improvement Value: $107,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $110,900
  • Assessed Land Value: $3,600
  • Assessed Improvements Value: $107,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2018
  • Current Sale Recording Date: Sep 27, 2018
  • Current Sale Transaction ID: 11523127652
  • Current Sale Price: $75,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201800099049
  • Previous Sale Recording Date: Sep 25, 2018
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Sep 27, 2018
  • First Mortgage Loan Amount: $73,641
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 640 South Cole Street located in?
The 640 South Cole Street is a house located in the neighborhood of Garden City in Garden City, Indianapolis.
What is the average sales price for listings in 640 South Cole Street?
The average sales price for units in 640 South Cole Street is $0 currently.

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