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7741 North Sherman Drive

7741 North Sherman Drive, Indianapolis, IN 46240
House in Clearwater
Sold Jun 16, 2021
$393,800
$315,000 by Merchants Bank
Mortgage
Sold May 30, 2018
$250,000
$245,471 by Flagstar Bank Fsb
Mortgage Due Jun 01, 2048
7741 North Sherman Drive in Indianapolis, IN was first built in 1962 and is 62 years old. Although, the building on the property was most recently renovated and altered in 1977. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 7741 North Sherman Drive has 1,740 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 840 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 860 ft and the linear feet between the front and back of the lot is 2,160. In total, the area measurement of the land is 18,557 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from none system. We do not have data on where the property's water is sourced from. For those who need parking, there is a attached garage. The garage is 567 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jun 4, 2021 for $393,800. That's $125.14 per sqft. Prior to that sales transaction, the property was also sold in May 25, 2018 for $250,000. 7741 North Sherman Drive was last assessed in 2023. The total value of the property was assessed at $290,900. Specifically, the land the property is located on was valued at $50,200. While improvements on the property were assessed at a total of $240,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,467. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
Composition Board Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 840
  • Garage Type: Attached
  • Garage Square Area: 567
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 18,557
  • Lot Size Depth Feet: 2,160
  • Lot Size Frontage Feet: 860
  • Total Building Area: 3,147
  • Gross Building Area: 3,147
  • Building Area: 1,740
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,740
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: MENDENHALLS PLEASANT ACRES 3RD SEC
  • Land Acres: 0.426
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: MENDENHALLS PLEASANT ACRES 3RD SEC L147

Ownership

  • Current Owner : WILLY NICHOLAS
  • Current Owner 2: WILLY SCOTT
  • Previous Owner : GEBHARDT KRISTIAN K
  • Previous Owner 2: GEBHARDT ANGELA
  • Owner Before Previous Owner: RENNHACK BRADLEY J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Washington Township Metropolitan School District
  • Census Tract: 320301

Geography

  • Assessors Map Reference: 2011-D7
  • District: 0008
  • Section: 290
  • Parcel: 49-02-29-116-007.000-800
  • Lot: 147
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 39.8951
  • Longitude: -86.102

    Address

  • Full Address: 7741 N Sherman Dr
  • Address - House Number: 7741
  • Street Direction: N
  • Address - Street Name: Sherman
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C025
  • 4-Digit Zip Code: 3410
  • Zip Code: 46240

Valuation

    Tax

  • Total Area: 2,580
  • Tax Year: 2022
  • Tax Amount: $4,467
  • Tax Rate Code Area: 800

    Appraisal Valuation

  • Standard Deviation: 0.2218
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 406,939
  • High Value: 497,220
  • Low Value: 316,659

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $315,000
  • First Open Lien Mortgage Lender: MERCHANTS BANK
  • First Open Lien Mortgage Recording Date: Jun 16, 2021
  • First Open Lien Mortgage Loan Amount: $315,000
  • 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: $290,900
  • Market Land Value: $50,200
  • Market Improvement Value: $240,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,900
  • Assessed Land Value: $50,200
  • Assessed Improvements Value: $240,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 04, 2021
  • Current Sale Recording Date: Jun 16, 2021
  • Current Sale Transaction ID: 11840574196
  • Current Sale Price: $393,800
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A202100078511
  • Previous Sale Recording Date: May 30, 2018
  • Previous Sale Contract Date: May 25, 2018
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MERCHANTS BANK
  • First Mortgage Transaction Date: Jun 16, 2021
  • First Mortgage Loan Amount: $315,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: FLAGSTAR BANK FSB
  • Previous Mortgage Transaction Date: May 30, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $245,471
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2048

About Clearwater



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Frequently Asked Questions

What neighborhood is 7741 North Sherman Drive located in?
The 7741 North Sherman Drive is a house located in the neighborhood of Clearwater in Clearwater, Indianapolis.
What is the average sales price for listings in 7741 North Sherman Drive?
The average sales price for units in 7741 North Sherman Drive is $0 currently.

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