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8518 Ballard Lane

8518 Ballard Lane, Indianapolis, IN 46239
House in Wanamaker
Sold Jul 13, 2018
$297,500
$268,837 by Cme Lending Group Llc
Mortgage Due May 01, 2050
Sold Aug 19, 2016
$248,000
$253,312 by M/i Financial Llc
Mortgage Due Sep 01, 2046
Local assessors in Indianapolis, IN have categorized 8518 Ballard Lane as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 11,195 square feet. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 8518 Ballard Lane has a total of 3,433 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 a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 624 sqft. There are 3 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. 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. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 8518 Ballard Lane was last sold in Jul 9, 2018 for $297,500. According to our calculations, that's $73.33 per sqft. Prior to that sales transaction, the property was sold for $248,000 in Aug 16, 2016. Current property owners are expected to pay $3,548 in taxes per year. The property on 8518 Ballard Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $353,300. To break that down further, the land itself was valued at $51,200. While improvements to the property were assessed at a total of $302,100. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: C
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 624
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 11,195
  • Total Building Area: 4,057
  • Gross Building Area: 4,057
  • Building Area: 3,433
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,433
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MARLIN MEADOWS SEC 7
  • Land Acres: 0.257
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: MARLIN MEADOWS SEC 7 L226

Ownership

  • Current Owner : WADE THOMAS C
  • Current Owner 2: WADE HALEY
  • Previous Owner : LEIGHTON BRANDON
  • Previous Owner 2: LEIGHTON JACLYN
  • Owner Before Previous Owner: M/I HOMES OF INDIANA LP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Township Community School Corporation
  • Census Tract: 390200

Zoning

  • Zoning: ZO01

Geography

  • District: 0003
  • Section: 310
  • Parcel: 49-09-31-125-014.013-300
  • Lot: 226
  • Municipality: FRANKLIN TOWNSHIP
  • Latitude: 39.6978
  • Longitude: -86.0161

    Address

  • Full Address: 8518 Ballard Ln
  • Address - House Number: 8518
  • Address - Street Name: Ballard
  • Address - Suffix Type: Ln
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C024
  • 4-Digit Zip Code: 1593
  • Zip Code: 46239

Valuation

    Tax

  • Total Area: 3,433
  • Tax Year: 2022
  • Tax Amount: $3,548
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.2247
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 426,667
  • High Value: 522,555
  • Low Value: 330,779

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $268,837
  • First Open Lien Mortgage Lender: CME LENDING GROUP LLC
  • First Open Lien Mortgage Recording Date: Apr 22, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $268,837
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: May 01, 2050

    Market Valuation

  • Market Total Value: $353,300
  • Market Land Value: $51,200
  • Market Improvement Value: $302,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $353,300
  • Assessed Land Value: $51,200
  • Assessed Improvements Value: $302,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 2018
  • Current Sale Recording Date: Jul 13, 2018
  • Current Sale Transaction ID: 11498951059
  • Current Sale Price: $297,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201800068930
  • Previous Sale Recording Date: Aug 19, 2016
  • Previous Sale Contract Date: Aug 16, 2016
  • Previous Sale Amount: $248,000
  • Previous Sale Document Type: Limited Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: APPROVED MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 13, 2018
  • First Mortgage Loan Amount: $267,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: M/I FINANCIAL LLC
  • Previous Mortgage Transaction Date: Aug 19, 2016
  • Previous Mortgage Loan Amount: $253,312
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Sep 01, 2046

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Frequently Asked Questions

What neighborhood is 8518 Ballard Lane located in?
The 8518 Ballard Lane is a house located in the neighborhood of Wanamaker in Wanamaker, Indianapolis.
What is the average sales price for listings in 8518 Ballard Lane?
The average sales price for units in 8518 Ballard Lane is $0 currently.

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