See Home Value
$125,384*
House - Off Market

8516 Montery Road

Indianapolis, IN 46226
bedrooms
3 Beds
bathrooms
1 Bath
square feet
999 Sqft
$108,000 - $132,000
Reference Base Price*
4.49%
Since Mar 1, 2023
National-US
Primary Model
Sold Feb 14, 2023
$110,000
$88,000 by Federal Savings Bank
Mortgage Due Mar 01, 2053
Sold May 05, 2016
$53,400
$42,750 by Talmer Bank & Trust
Mortgage Due May 01, 2046

About This Property

Welcome home to this 3 bedroom ranch! Features include laminate hardwood flooring throughout, spacious living room, formal dining room and 1 car attached garage. Backyard offers an open patio for entertaining and ready for your personal touch! Convenient location near schools, dining, parks downtown Indianapolis and easy interstate access.

The manager has listed the unit size as 999 square feet.
Unit Size
999Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$120
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
1964

Price History

Date / Event Date Event Price
Feb 14, 2023 Sold to Magaly Morales $110,000
Sold to Magaly Morales
Feb 8, 2023 No longer available -
No longer available
Jan 9, 2023 In contract -
In contract
Dec 15, 2022 Relisted $120,000
Relisted
Nov 19, 2022 In contract -
In contract
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Brick
  • 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: 324
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,752
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,323
  • Gross Building Area: 1,323
  • Building Area: 999
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 999
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: BEACON HEIGHTS ADD
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: BEACON HEIGHTS ADD L41

Ownership

  • Current Owner : MORALES MAGALY
  • Previous Owner : GALLAGHER NEIL
  • Owner Before Previous Owner: ELITE PROPERTY DEVELOPMENT INC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Indianapolis Public Schools
  • Census Tract: 330806

Zoning

  • Zoning: ZO01

Geography

  • Assessors Map Reference: 2231-C2
  • District: 0004
  • Section: 180
  • Parcel: 49-08-18-105-050.000-401
  • Lot: 41
  • Municipality: LAWRENCE TOWNSHIP
  • Latitude: 39.8306
  • Longitude: -86.018

    Address

  • Full Address: 8516 Montery Rd
  • Address - House Number: 8516
  • Address - Street Name: Montery
  • Address - Suffix Type: Rd
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C034
  • 4-Digit Zip Code: 5453
  • Zip Code: 46226

Valuation

    Tax

  • Total Area: 999
  • Tax Year: 2022
  • Tax Amount: $1,954
  • Tax Rate Code Area: 401

    Appraisal Valuation

  • Standard Deviation: 0.2547
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 63
  • Final Value: 139,723
  • High Value: 175,318
  • Low Value: 104,128

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $88,000
  • First Open Lien Mortgage Lender: FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Feb 14, 2023
  • First Open Lien Mortgage Loan Amount: $88,000
  • 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: Mar 01, 2053

    Market Valuation

  • Market Total Value: $85,300
  • Market Land Value: $9,600
  • Market Improvement Value: $75,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,300
  • Assessed Land Value: $9,600
  • Assessed Improvements Value: $75,700

    Sales

  • Current Sale Contract Date: Feb 03, 2023
  • Current Sale Recording Date: Feb 14, 2023
  • Current Sale Transaction ID: 11902220787
  • Current Sale Price: $110,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11310
  • Previous Sale Recording Date: May 05, 2016
  • Previous Sale Contract Date: Apr 29, 2016
  • Previous Sale Amount: $53,400
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Feb 14, 2023
  • First Mortgage Loan Amount: $88,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: TALMER BANK & TRUST
  • Previous Mortgage Transaction Date: May 05, 2016
  • Previous Mortgage Loan Amount: $42,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2046



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
975 ft²
$119/ft²
$116,000 Dec 3, 2022
-
$99/mo
House
3 Beds
1 Bath
1,421 ft²
$80/ft²
$114,000 Nov 15, 2022
-
$124/mo
House
3 Beds
1 Bath
1,440 ft²
$94/ft²
$135,000 Oct 6, 2022
-
$116/mo
House
4 Beds
1 Bath
1,199 ft²
$87/ft²
$104,000 Aug 12, 2022
-
$133/mo

About Far Eastside


Similar Homes for Sale

Unit for sale at 3713 North Wittfield Street, Indianapolis, IN 46235

$104,000

  • 4 Beds
  • 1 Bath
  • 1,199 ft²
3713 North Wittfield Street, Indianapolis, IN 46235 Listing by Robert Wilson
Unit for sale at 4330 Dubarry Road, Indianapolis, IN 46226

$135,000

  • 3 Beds
  • 1 Bath
  • 1,440 ft²
4330 Dubarry Road, Indianapolis, IN 46226 Listing by Barbara Whiteside

Nearby Rentals

Unit for rent at

$1,300 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,600 ft²
Listing by Manager


Frequently Asked Questions

When was property at 8516 Montery Road built and last sold?
The property at 8516 Montery Road was built in 1964 and last sold on Feb 3, 2023 for $110,000.
How much is this home worth?
The estimated value of the home located at 8516 Montery Road is $122,521.
What are some comparable homes to 8516 Montery Road?
Homes that are comparable to 8516 Montery Road include a house property at 4330 Dubarry Road, 3713 North Wittfield Street, 3703 Lombardy Place.

Quantcast