Check Availability

7502 Gordon Way

7502 Gordon Way, Indianapolis, IN 46237
Property in South Franklin
Sold Sep 03, 2021
$199,000
Buyer
Seller
$196,377 by American Mortgage Services
Mortgage
Sold Aug 23, 2017
$125,300
$128,000 by Mortgage Research Center Llc
Mortgage
7502 Gordon 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 1978 and is 46 years old. However, we must point out that the home was most recently renovated and altered in 1990. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7502 Gordon Way has 1,188 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 13,151 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 520 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 fair. 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 D 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. 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, 7502 Gordon Way was last sold in Aug 18, 2021 for $199,000. According to our calculations, that's $116.51 per sqft. Prior to that sales transaction, the property was sold for $125,300 in Aug 15, 2017. Current property owners are expected to pay $1,946 in taxes per year. The property on 7502 Gordon Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $184,000. To break that down further, the land itself was valued at $28,500. While improvements to the property were assessed at a total of $155,500. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 520
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,151
  • Total Building Area: 1,708
  • Gross Building Area: 1,708
  • Building Area: 1,188
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,188
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MUIRFIELD SEC 1
  • Land Acres: 0.302
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: MUIRFIELD SEC 1 L 75

Ownership

  • Current Owner : NEFF TAYLOR
  • Previous Owner : NEAL JOSEPH K
  • Owner Before Previous Owner: WRIGHT RONALD D
  • Owner Before Previous Owner 2: WRIGHT SHIRLEY R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Township Community School Corporation
  • Census Tract: 390409

Geography

  • Assessors Map Reference: 2557-D4
  • District: 0003
  • Section: 140
  • Parcel: 49-15-14-105-084.000-300
  • Lot: 75
  • Municipality: FRANKLIN TOWNSHIP
  • Latitude: 39.659
  • Longitude: -86.0496

    Address

  • Full Address: 7502 Gordon Way
  • Address - House Number: 7502
  • Address - Street Name: Gordon
  • Address - Suffix Type: Way
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: R019
  • 4-Digit Zip Code: 9659
  • Zip Code: 46237

Valuation

    Tax

  • Total Area: 1,188
  • Tax Year: 2022
  • Tax Amount: $1,946
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 62
  • Final Value: 237,314
  • High Value: 299,262
  • Low Value: 175,365

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $196,377
  • First Open Lien Mortgage Lender: AMERICAN MORTGAGE SERVICES
  • First Open Lien Mortgage Recording Date: Sep 03, 2021
  • First Open Lien Mortgage Loan Amount: $196,377
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Market Valuation

  • Market Total Value: $184,000
  • Market Land Value: $28,500
  • Market Improvement Value: $155,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $184,000
  • Assessed Land Value: $28,500
  • Assessed Improvements Value: $155,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 18, 2021
  • Current Sale Recording Date: Sep 03, 2021
  • Current Sale Transaction ID: 11855377941
  • Current Sale Price: $199,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202100116048
  • Previous Sale Recording Date: Aug 23, 2017
  • Previous Sale Contract Date: Aug 15, 2017
  • Previous Sale Amount: $125,300
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN MORTGAGE SERVICES
  • First Mortgage Transaction Date: Sep 03, 2021
  • First Mortgage Loan Amount: $196,377
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • Previous Mortgage Transaction Date: Aug 23, 2017
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $128,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

About South Franklin



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 5325 Lobo Drive, Indianapolis, IN, 46237

$1,500 /mo

  • 3 Beds
  • 1 Bath
  • 884 ft²
5325 Lobo Drive, Indianapolis, IN, 46237 Listing by Benjamin Tupper
Unit for rent at 4933 Opal Ridge Lane 206, Indianapolis, IN, 46237

$1,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
4933 Opal Ridge Lane 206 #Unit 206, Indianapolis, IN, 46237 Listing by Manager

Frequently Asked Questions

What neighborhood is 7502 Gordon Way located in?
The 7502 Gordon Way is a located in the neighborhood of South Franklin in South Franklin, Indianapolis.
What is the average sales price for listings in 7502 Gordon Way?
The average sales price for units in 7502 Gordon Way is $0 currently.

Quantcast