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7318 Normandy Way

7318 Normandy Way, Indianapolis, IN 46278
Sold Apr 11, 2018
$325,000
Sold Feb 27, 2009
$656,300
$525,000 by M & I Marshall & Ilsley Bank
Mortgage
7318 Normandy Way 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 1988 and is 36 years old. The home has a total of 12 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7318 Normandy Way has 4,176 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 full basement that is 1,682 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 2,260 ft and across the front of the lot is 1,460 ft. The area measurement of the land has been determined as 32,670 square feet.

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 attached garage for those who require parking. The garage measured 786 sqft. According to our sources, there are a total of 3 available parking spaces. 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 masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B 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. There is a single fireplace in the home. Perfect for those wintery nights. 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 Mar 23, 2018 for $325,000. That's $48.92 per sqft. Prior to that sales transaction, the property was also sold in Feb 6, 2009 for $656,300. 7318 Normandy Way was last assessed in 2023. The total value of the property was assessed at $445,400. Specifically, the land the property is located on was valued at $84,400. While improvements on the property were assessed at a total of $361,000. 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 $4,757. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 1,682
  • Garage Type: Attached
  • Garage Square Area: 786
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 32,670
  • Lot Size Depth Feet: 2,260
  • Lot Size Frontage Feet: 1,460
  • Total Building Area: 6,644
  • Gross Building Area: 6,644
  • Building Area: 4,176
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,176
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NORMANDY FARMS SEC 5
  • Land Acres: 0.75
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: NORMANDY FARMS SEC FIVE L145

Ownership

  • Current Owner : HARPER JEREMY R
  • Current Owner 2: HARPER MICHELLE L
  • Previous Owner : USMANI ARTHUR M
  • Owner Before Previous Owner: USMANI ARTHUR M
  • Owner Before Previous Owner 2: USMANI SOPHIA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Pike Township Metropolitan School District
  • Census Tract: 310112

Geography

  • Assessors Map Reference: 2116-D1
  • District: 0006
  • Section: 270
  • Parcel: 49-04-27-116-011.000-600
  • Lot: 145
  • Meridian: SEC 27 TWN 17N RNG 02
  • Municipality: PIKE TOWNSHIP
  • Latitude: 39.8877
  • Longitude: -86.291

    Address

  • Full Address: 7318 Normandy Way
  • Address - House Number: 7318
  • Address - Street Name: Normandy
  • Address - Suffix Type: Way
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C034
  • 4-Digit Zip Code: 1560
  • Zip Code: 46278

Valuation

    Tax

  • Total Area: 5,848
  • Tax Year: 2022
  • Tax Amount: $4,757
  • Tax Rate Code Area: 600

    Appraisal Valuation

  • Standard Deviation: 0.2188
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 70
  • Final Value: 526,169
  • High Value: 641,300
  • Low Value: 411,038

    Market Valuation

  • Market Total Value: $445,400
  • Market Land Value: $84,400
  • Market Improvement Value: $361,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $445,400
  • Assessed Land Value: $84,400
  • Assessed Improvements Value: $361,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 23, 2018
  • Current Sale Recording Date: Apr 11, 2018
  • Current Sale Transaction ID: 11455745000
  • Current Sale Price: $325,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: A201800034524
  • Previous Sale Recording Date: Feb 27, 2009
  • Previous Sale Contract Date: Feb 06, 2009
  • Previous Sale Amount: $656,300
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: JP MORGAN CHASE BANK
  • First Mortgage Transaction Date: Apr 11, 2018
  • First Mortgage Loan Amount: $260,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2033

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: M & I MARSHALL & ILSLEY BANK
  • Previous Mortgage Transaction Date: Feb 27, 2009
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $525,000
  • Previous Mortgage Term: 999
  • Previous Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)

About Trader's Point



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Frequently Asked Questions

What neighborhood is 7318 Normandy Way located in?
The 7318 Normandy Way is a house located in the neighborhood of Trader's Point in Trader's Point, Indianapolis.
What is the average sales price for listings in 7318 Normandy Way?
The average sales price for units in 7318 Normandy Way is $0 currently.

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