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8120 Southern Springs Court

8120 Southern Springs Court, Indianapolis, IN 46237
Property in South Franklin
Sold Dec 10, 2019
$169,000
$163,730 by National Bank Of Indianapolis
Mortgage
Sold Apr 01, 2005
$151,300
$121,000 by Fifth Third Mortgage Co
Mortgage Due Apr 01, 2035
8120 Southern Springs Court 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 1994 and is 30 years old. The home has a total of 7 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, 8120 Southern Springs Court has 1,400 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 8,056 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 440 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 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. 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, 8120 Southern Springs Court was last sold in Dec 6, 2019 for $169,000. According to our calculations, that's $91.85 per sqft. Prior to that sales transaction, the property was sold for $151,300 in Mar 24, 2005. Current property owners are expected to pay $2,147 in taxes per year. The property on 8120 Southern Springs Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $204,300. To break that down further, the land itself was valued at $27,800. While improvements to the property were assessed at a total of $176,500. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • 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: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,056
  • Total Building Area: 1,840
  • Gross Building Area: 1,840
  • Building Area: 1,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTHERN SPRINGS SEC 1
  • Land Acres: 0.185
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SOUTHERN SPRINGS SEC 1 L 46

Ownership

  • Current Owner : HNIN SIANG
  • Previous Owner : WEGMAN NICOLE
  • Previous Owner 2: SEELE NICOLE W
  • Owner Before Previous Owner: PRESTON ADAM T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Township Community School Corporation
  • Census Tract: 390405

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2557-B6
  • District: 0003
  • Section: 220
  • Parcel: 49-15-22-104-045.000-300
  • Lot: 46
  • Municipality: FRANKLIN TOWNSHIP
  • Latitude: 39.6492
  • Longitude: -86.0682

    Address

  • Full Address: 8120 Southern Springs Ct
  • Address - House Number: 8120
  • Address - Street Name: Southern Springs
  • Address - Suffix Type: Ct
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: R054
  • 4-Digit Zip Code: 9291
  • Zip Code: 46237

Valuation

    Tax

  • Total Area: 1,400
  • Tax Year: 2022
  • Tax Amount: $2,147
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.2212
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 286,614
  • High Value: 350,033
  • Low Value: 223,196

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $163,730
  • First Open Lien Mortgage Lender: NATIONAL BANK OF INDIANAPOLIS
  • First Open Lien Mortgage Recording Date: Dec 10, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $163,730
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $204,300
  • Market Land Value: $27,800
  • Market Improvement Value: $176,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $204,300
  • Assessed Land Value: $27,800
  • Assessed Improvements Value: $176,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 06, 2019
  • Current Sale Recording Date: Dec 10, 2019
  • Current Sale Transaction ID: 11712321167
  • Current Sale Price: $169,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201900123577
  • Previous Sale Recording Date: Apr 01, 2005
  • Previous Sale Contract Date: Mar 24, 2005
  • Previous Sale Amount: $151,300
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONAL BANK OF INDIANAPOLIS
  • First Mortgage Transaction Date: Dec 10, 2019
  • First Mortgage Loan Amount: $163,730
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD MORTGAGE CO
  • Previous Mortgage Transaction Date: Apr 01, 2005
  • Previous Mortgage Loan Amount: $121,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2035

About South Franklin



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Frequently Asked Questions

What neighborhood is 8120 Southern Springs Court located in?
The 8120 Southern Springs Court is a located in the neighborhood of South Franklin in South Franklin, Indianapolis.
What is the average sales price for listings in 8120 Southern Springs Court?
The average sales price for units in 8120 Southern Springs Court is $0 currently.

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