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651 East 48th Street

651 East 48th Street, Indianapolis, IN 46205
Property in Meridian Kessler
Sold Jun 24, 2022
$181,300
$145,000 by Ruoff Mortgage Company Inc
Mortgage Due Jul 01, 2052
Sold Nov 05, 2014
$127,400
$125,660 by Caliber Home Loans Inc
Mortgage Due Nov 01, 2044
651 East 48th Street 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 1930 and is 94 years old. However, we must point out that the home was most recently renovated and altered in 1952. The home comes with a single bedroom. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 651 East 48th Street has 676 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 338 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,210 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 4,835 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex 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 detached garage for those who require parking. The garage measured 324 sqft. According to our sources, there is one available parking space. 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 frame 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Jun 17, 2022 for $181,300. That's $178.80 per sqft. Prior to that sales transaction, the property was also sold in Oct 17, 2014 for $127,400. 651 East 48th Street was last assessed in 2023. The total value of the property was assessed at $193,700. Specifically, the land the property is located on was valued at $26,400. While improvements on the property were assessed at a total of $167,300. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,254. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior / Wood Exterior
Wood Exterior

Parking

Garage Parking
On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 2
  • Basement Type: Partial basement
  • Basement Area: 338
  • Garage Type: Detached
  • Garage Square Area: 324
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,835
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,014
  • Gross Building Area: 1,014
  • Building Area: 676
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 676
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PIKES SUB
  • Land Acres: 0.111
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: PIKES SUB L4

Ownership

  • Current Owner : EDGAR KODI A
  • Current Owner 2: EDGAR BRYAN J
  • Previous Owner : LEE BARNETT ALEX
  • Owner Before Previous Owner: SLABY KIRSTEN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 322300

Geography

  • Assessors Map Reference: 2119-D7
  • District: 0008
  • Section: 120
  • Parcel: 49-06-12-119-001.000-801
  • Lot: 4
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 39.8414
  • Longitude: -86.1461

    Address

  • Full Address: 651 E 48th St
  • Address - House Number: 651
  • Street Direction: E
  • Address - Street Name: 48th
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C009
  • 4-Digit Zip Code: 1860
  • Zip Code: 46205

Valuation

    Tax

  • Total Area: 1,014
  • Tax Year: 2022
  • Tax Amount: $3,254
  • Tax Rate Code Area: 801

    Appraisal Valuation

  • Standard Deviation: 0.2229
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 281,069
  • High Value: 343,737
  • Low Value: 218,402

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $145,000
  • First Open Lien Mortgage Lender: RUOFF MORTGAGE COMPANY INC
  • First Open Lien Mortgage Recording Date: Jun 24, 2022
  • First Open Lien Mortgage Loan Amount: $145,000
  • 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: Jul 01, 2052

    Market Valuation

  • Market Total Value: $193,700
  • Market Land Value: $26,400
  • Market Improvement Value: $167,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $193,700
  • Assessed Land Value: $26,400
  • Assessed Improvements Value: $167,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Jun 24, 2022
  • Current Sale Transaction ID: 11891618431
  • Current Sale Price: $181,300
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 71819
  • Previous Sale Recording Date: Nov 05, 2014
  • Previous Sale Contract Date: Oct 17, 2014
  • Previous Sale Amount: $127,400
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RUOFF MORTGAGE COMPANY INC
  • First Mortgage Transaction Date: Jun 24, 2022
  • First Mortgage Loan Amount: $145,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: CALIBER HOME LOANS INC
  • Previous Mortgage Transaction Date: Nov 05, 2014
  • Previous Mortgage Loan Amount: $125,660
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2044

About Meridian Kessler



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Frequently Asked Questions

What neighborhood is 651 East 48th Street located in?
The 651 East 48th Street is a located in the neighborhood of Meridian Kessler in Meridian Kessler, Indianapolis.
What is the average sales price for listings in 651 East 48th Street?
The average sales price for units in 651 East 48th Street is $0 currently.

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