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737 North Bancroft Street

737 North Bancroft Street, Indianapolis, IN 46201
Property in Emerson Heights
Sold Jul 28, 2020
$250,000
$200,000 by Fort Financial Fcu
Mortgage
Sold Jan 04, 2019
$80,000
Local assessors in Indianapolis, IN have categorized 737 North Bancroft Street as a residential type of property. The home was built in 1915 and is 109 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 6,534 square feet. The linear feet between the front and back of the lot was measured at 1,630 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a row home style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 737 North Bancroft Street has a total of 1,750 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,750 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 360 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 737 North Bancroft Street sold most recently in Jul 6, 2020 for a total of $250,000. If you work out the math, that's approximately a cost of $71.43 per sqft. Before that, the property was also sold for $80,000 in Jan 2, 2019. 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 $6,592 in taxes each year. 737 North Bancroft Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $267,800. If we break it down further, the land itself was valued at $24,100. Improvements to the property, however, were assessed at a total of $243,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Row home
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 1,750
  • Garage Type: Detached
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 1,630
  • Lot Size Frontage Feet: 400
  • Total Building Area: 3,500
  • Gross Building Area: 3,500
  • Building Area: 1,750
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,750
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: EMERSON HEIGHTS ADD 3RD SEC
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: EMERSON HGTS 3RD SEC L29 B5

Ownership

  • Current Owner : KERCHER DANIEL
  • Current Owner 2: ELWRAD SHANNON M
  • Previous Owner : MAYNARD STEVEN
  • Previous Owner 2: MAYNARD RHONDA
  • Owner Before Previous Owner: DEFUSCO JOSEPH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 355300

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2339-A2
  • District: 0001
  • Section: 4015004
  • Parcel: 49-10-04-107-068.000-101
  • Lot: 29
  • Municipality: CENTER TOWNSHIP
  • Latitude: 39.7779
  • Longitude: -86.0843

    Address

  • Full Address: 737 N Bancroft St
  • Address - House Number: 737
  • Street Direction: N
  • Address - Street Name: Bancroft
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C023
  • 4-Digit Zip Code: 2905
  • Zip Code: 46201

Valuation

    Tax

  • Total Area: 1,750
  • Tax Year: 2022
  • Tax Amount: $6,592
  • Tax Rate Code Area: 101

    Appraisal Valuation

  • Standard Deviation: 0.2301
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 68
  • Final Value: 304,687
  • High Value: 374,812
  • Low Value: 234,561

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: FORT FINANCIAL FCU
  • First Open Lien Mortgage Recording Date: Jul 28, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $267,800
  • Market Land Value: $24,100
  • Market Improvement Value: $243,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $267,800
  • Assessed Land Value: $24,100
  • Assessed Improvements Value: $243,700

    Sales

  • Current Sale Contract Date: Jul 06, 2020
  • Current Sale Recording Date: Jul 28, 2020
  • Current Sale Transaction ID: 11781285989
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202000079822
  • Previous Sale Recording Date: Jan 04, 2019
  • Previous Sale Contract Date: Jan 02, 2019
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FORT FINANCIAL FCU
  • First Mortgage Transaction Date: Jul 28, 2020
  • First Mortgage Loan Amount: $200,000
  • 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 737 North Bancroft Street located in?
The 737 North Bancroft Street is a located in the neighborhood of Emerson Heights in Near Eastside, Indianapolis.
What is the average sales price for listings in 737 North Bancroft Street?
The average sales price for units in 737 North Bancroft Street is $0 currently.

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