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7424 Prairie Lake Drive

7424 Prairie Lake Drive, Indianapolis, IN 46256
Property in I69-Fall Creek
Sold Sep 13, 2016
$82,500
$66,000 by Tucker Mortgage Llc
Mortgage Due Oct 01, 2046
7424 Prairie Lake Drive 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 1981 and is 43 years old. However, we must point out that the home was most recently renovated and altered in 2004. The home comes with a single bedroom. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7424 Prairie Lake Drive has 1,468 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 871 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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 attached garage for those who require parking. The garage measured 250 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a unknown. 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 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. 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, 7424 Prairie Lake Drive was last sold in Sep 6, 2016 for $82,500. According to our calculations, that's $48.02 per sqft. Current property owners are expected to pay $2,087 in taxes per year. The property on 7424 Prairie Lake Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $203,500. To break that down further, the land itself was valued at $19,000. While improvements to the property were assessed at a total of $184,500. 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: 1981
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Condo
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 250
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 871
  • Total Building Area: 1,718
  • Gross Building Area: 1,862
  • Building Area: 1,468
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,468
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: CASTLETON FARMS HPR SEC 2
  • Land Acres: 0.02
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: CASTLETON FARMS HORIZ PROPERTY REGIME SEC 2UNIT 232 & .3521% INT IN COMMON AREAS ANDFACILITIES

Ownership

  • Current Owner : WOLF JUDITH C
  • Previous Owner : LEE YONG LISA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lawrence Township Metropolitan School District
  • Census Tract: 330106

Geography

  • Assessors Map Reference: 2013-A7
  • District: 0004
  • Section: 260
  • Parcel: 49-02-26-102-198.000-400
  • Municipality: LAWRENCE TOWNSHIP
  • Latitude: 39.893
  • Longitude: -86.0375

    Address

  • Full Address: 7424 Prairie Lake Dr
  • Address - House Number: 7424
  • Address - Street Name: Prairie Lake
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C014
  • 4-Digit Zip Code: 1956
  • Zip Code: 46256

Valuation

    Tax

  • Total Area: 1,468
  • Tax Year: 2022
  • Tax Amount: $2,087
  • Tax Rate Code Area: 400

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 67
  • Final Value: 243,045
  • High Value: 300,017
  • Low Value: 186,073

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $66,000
  • First Open Lien Mortgage Lender: TUCKER MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 13, 2016
  • First Open Lien Mortgage Loan Amount: $66,000
  • 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: Oct 01, 2046

    Market Valuation

  • Market Total Value: $203,500
  • Market Land Value: $19,000
  • Market Improvement Value: $184,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $203,500
  • Assessed Land Value: $19,000
  • Assessed Improvements Value: $184,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 06, 2016
  • Current Sale Recording Date: Sep 13, 2016
  • Current Sale Transaction ID: 1754799042
  • Current Sale Price: $82,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201600100939

    Last Sale Mortgage

  • First Mortgage Lender: TUCKER MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 13, 2016
  • First Mortgage Loan Amount: $66,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2046

About I69-Fall Creek



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Frequently Asked Questions

What neighborhood is 7424 Prairie Lake Drive located in?
The 7424 Prairie Lake Drive is a located in the neighborhood of I69-Fall Creek in I69-Fall Creek, Indianapolis.
What is the average sales price for listings in 7424 Prairie Lake Drive?
The average sales price for units in 7424 Prairie Lake Drive is $0 currently.

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