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7401 West 88th Street

7401 West 88th Street, Indianapolis, IN 46278
Sold Jun 08, 2018
$380,000
$325,000 by Nbks Bank
Mortgage Due Apr 01, 2051
Sold Jun 06, 2018
$380,000
7401 West 88th 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 1973 and is 51 years old. However, we must point out that the home was most recently renovated and altered in 1974. The home has a total of 11 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7401 West 88th Street has 3,335 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 2,090 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 area measurement of the land has been determined as 217,800 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 528 sqft. According to our sources, there are a total of 2 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 stone 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 heat pump. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from none 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, 7401 West 88th Street was last sold in Jun 6, 2018 for $380,000. According to our calculations, that's $77.42 per sqft. Prior to that sales transaction, the property was sold for $380,000 in Jan 1, 1970. Current property owners are expected to pay $4,699 in taxes per year. The property on 7401 West 88th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $518,100. To break that down further, the land itself was valued at $63,600. While improvements to the property were assessed at a total of $454,500. 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. 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. 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: 1973
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Stone
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 2,090
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 4,908
  • Gross Building Area: 4,908
  • Building Area: 3,335
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 3,335
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Land Acres: 5
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Motor vehicles (cars, trucks, etc.)
  • Legal Description 1: PT S1/2 SW1/4 S15 T17 R2 BEG 1320 E OF NW COR P.O.B. E330 S660 W330 N660 TO BEG

Ownership

  • Current Owner : ARMSTRONG MANDI
  • Current Owner 2: FLORES NICHOLAS
  • Previous Owner : LEWIS RICHARD F
  • Previous Owner 2: LEWIS PAMELA S
  • Owner Before Previous Owner: LEWIS RICHARD F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

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

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2007-D4
  • District: 0006
  • Section: 150
  • Parcel: 49-04-15-102-004.000-600
  • Meridian: SEC 15 TWN 17N RNG 02
  • Municipality: PIKE TOWNSHIP
  • Latitude: 39.9133
  • Longitude: -86.2924

    Address

  • Full Address: 7401 W 88th St
  • Address - House Number: 7401
  • Street Direction: W
  • Address - Street Name: 88th
  • Address - Suffix Type: St
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: R007
  • 4-Digit Zip Code: 1108
  • Zip Code: 46278

Valuation

    Tax

  • Total Area: 4,380
  • Tax Year: 2021
  • Tax Amount: $4,699
  • Tax Rate Code Area: 600

    Appraisal Valuation

  • Standard Deviation: 0.1954
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 73
  • Final Value: 552,148
  • High Value: 660,060
  • Low Value: 444,237

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $325,000
  • First Open Lien Mortgage Lender: NBKS BANK
  • First Open Lien Mortgage Recording Date: Mar 18, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $325,000
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $518,100
  • Market Land Value: $63,600
  • Market Improvement Value: $454,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $518,100
  • Assessed Land Value: $63,600
  • Assessed Improvements Value: $454,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 06, 2018
  • Current Sale Recording Date: Jun 08, 2018
  • Current Sale Transaction ID: 11481755872
  • Current Sale Price: $380,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201800056682
  • Previous Sale Recording Date: Jun 06, 2018
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN MORTGAGE SERVICES
  • First Mortgage Transaction Date: Jun 08, 2018
  • First Mortgage Loan Amount: $304,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Trader's Point



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Frequently Asked Questions

What neighborhood is 7401 West 88th Street located in?
The 7401 West 88th Street 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 7401 West 88th Street?
The average sales price for units in 7401 West 88th Street is $0 currently.

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