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7520 East 550 South

7520 East 550 South, Zionsville, IN 46077
House in Zionsville
Sold Aug 20, 2021
$450,000
$360,000 by Union Savings Bank
Mortgage
Local assessors in Zionsville, IN have categorized 7520 East 550 South as a residential type of property. The home was built in 1973 and is 51 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 163,350 square feet. The linear feet between the front and back of the lot was measured at 2,000 ft and the front of the lot was measured at 8,150 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 4 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 3 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7520 East 550 South has a total of 2,043 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 none system. 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 486 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 brick 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 - C. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 7520 East 550 South sold most recently in Aug 16, 2021 for a total of $450,000. If you work out the math, that's approximately a cost of $220.26 per sqft. 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 $3,729 in taxes each year. 7520 East 550 South was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $417,300. If we break it down further, the land itself was valued at $73,300. Improvements to the property, however, were assessed at a total of $344,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1990
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 486
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 163,350
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 8,150
  • Total Building Area: 2,043
  • Building Area: 2,043
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,043
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: SELINGS SUB 2ND PRINCIPAL MERIDINA
  • Land Acres: 3.75
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SELIGS SUBDIVISION W PT OF LOT I

Ownership

  • Current Owner : YEARLING PAUL R
  • Current Owner 2: YEARLING SUSAM A
  • Previous Owner : LANE DERRICK J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Zionsville Community Schools
  • Census Tract: 810607

Zoning

  • Zoning: ZO01

Geography

  • Account Number: 0031138000
  • District: 0003
  • Section: 321
  • Parcel: 06-08-32-000-001.018-005
  • Lot: I
  • Meridian: SEC 32 TWN 18N RNG 02E
  • Municipality: EAGLE TOWNSHIP
  • Latitude: 39.9615
  • Longitude: -86.3266

    Address

  • Full Address: 7520 E 550 S
  • Address - House Number: 7520
  • Street Segment Direction: S
  • Street Direction: E
  • Address - Street Name: 550
  • State: IN
  • City Name: Zionsville
  • Carrier Code: R012
  • 4-Digit Zip Code: 9022
  • Zip Code: 46077

Valuation

    Tax

  • Total Area: 2,043
  • Tax Year: 2022
  • Tax Amount: $3,729
  • Tax Rate Code Area: 3:EAGLE TO

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 80
  • Final Value: 440,809
  • High Value: 509,503
  • Low Value: 372,115

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: UNION SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Aug 20, 2021
  • First Open Lien Mortgage Loan Amount: $360,000
  • 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: $417,300
  • Market Land Value: $73,300
  • Market Improvement Value: $344,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $417,300
  • Assessed Land Value: $73,300
  • Assessed Improvements Value: $344,000

    Sales

  • Current Sale Contract Date: Aug 16, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Transaction ID: 11854686492
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021012713

    Last Sale Mortgage

  • First Mortgage Lender: UNION SAVINGS BANK
  • First Mortgage Transaction Date: Aug 20, 2021
  • First Mortgage Loan Amount: $360,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Zionsville



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,750 /mo

  • 2 Beds
  • 4 Baths
  • 1,960 ft²
Listing by Michael Botkin
Unit for rent at

$1,695 /mo

  • 3 Beds
  • 3 Baths
  • 2,330 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 7520 East 550 South located in?
The 7520 East 550 South is a house located in the neighborhood of Zionsville in Zionsville, Zionsville.
What is the average sales price for listings in 7520 East 550 South?
The average sales price for units in 7520 East 550 South is $0 currently.

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