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7085 North Pennsylvania Street

7085 North Pennsylvania Street, Indianapolis, IN 46220
House in Arden
Sold May 22, 2019
$700,000
$500,000 by National Bank Of Indianapolis
Mortgage Due Apr 21, 2033
7085 North Pennsylvania Street in Indianapolis, IN was first built in 1950 and is 74 years old. Although, the building on the property was most recently renovated and altered in 1997. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 7085 North Pennsylvania Street has 5,741 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 basement is 2,972 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 1,170 ft and the linear feet between the front and back of the lot is 3,100. In total, the area measurement of the land is 18,670 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. 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 attached garage. The garage is 600 sqft. There are a total of 3 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 brick control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. 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 central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 7085 North Pennsylvania Street sold most recently in May 17, 2019 for a total of $700,000. If you work out the math, that's approximately a cost of $84.62 per sqft. 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 $11,447 in taxes each year. 7085 North Pennsylvania Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,047,700. If we break it down further, the land itself was valued at $141,200. Improvements to the property, however, were assessed at a total of $906,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Exterior

Brick Exterior

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 2,972
  • Garage Type: Attached
  • Garage Square Area: 600
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 18,670
  • Lot Size Depth Feet: 3,100
  • Lot Size Frontage Feet: 1,170
  • Total Building Area: 8,272
  • Gross Building Area: 8,272
  • Building Area: 5,741
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,741
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ARDEN RESUB
  • Land Acres: 0.429
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: ARDEN RESUB L278 & 5FT N SIDE L277

Ownership

  • Current Owner : NEMETH PETER SEAN
  • Current Owner 2: NEMETH NICOLE ELIZABETH ROEHL
  • Previous Owner : ECKRICH KATHLEEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 320700

Geography

  • Assessors Map Reference: 2119-C1
  • District: 0008
  • Section: 350
  • Parcel: 49-03-35-104-036.000-801
  • Lot: 278
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 39.8825
  • Longitude: -86.1551

    Address

  • Full Address: 7085 N Pennsylvania St
  • Address - House Number: 7085
  • Street Direction: N
  • Address - Street Name: Pennsylvania
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C005
  • 4-Digit Zip Code: 1077
  • Zip Code: 46220

Valuation

    Tax

  • Total Area: 7,672
  • Tax Year: 2022
  • Tax Amount: $11,447
  • Tax Rate Code Area: 801

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 71
  • Final Value: 1,028,283
  • High Value: 1,244,061
  • Low Value: 812,505

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: NATIONAL BANK OF INDIANAPOLIS
  • First Open Lien Mortgage Recording Date: Apr 27, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Apr 21, 2033

    Market Valuation

  • Market Total Value: $1,047,700
  • Market Land Value: $141,200
  • Market Improvement Value: $906,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,047,700
  • Assessed Land Value: $141,200
  • Assessed Improvements Value: $906,500

    Sales

  • Current Sale Contract Date: May 17, 2019
  • Current Sale Recording Date: May 22, 2019
  • Current Sale Transaction ID: 11610446628
  • Current Sale Price: $700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201900045696

    Last Sale Mortgage

  • First Mortgage Lender: BNC NATIONAL BANK
  • First Mortgage Transaction Date: May 22, 2019
  • First Mortgage Loan Amount: $560,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 7085 North Pennsylvania Street located in?
The 7085 North Pennsylvania Street is a house located in the neighborhood of Arden in Arden, Indianapolis.
What is the average sales price for listings in 7085 North Pennsylvania Street?
The average sales price for units in 7085 North Pennsylvania Street is $0 currently.

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