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8615 Rahke Road

8615 Rahke Road, Indianapolis, IN 46217
Sold May 03, 2019
$154,000
Buyer
$144,300 by Hallmark Home Mortgage Llc
Mortgage Due Jan 01, 2052
Local assessors in Indianapolis, IN have categorized 8615 Rahke Road as a residential type of property. The home was built in 1978 and is 46 years old. It was most recently renovated and altered in 1994. The property's lot size has been calculated to be 11,413 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 950 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8615 Rahke Road has a total of 1,373 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 420 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 heat pump 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, 8615 Rahke Road sold most recently in May 1, 2019 for a total of $154,000. If you work out the math, that's approximately a cost of $85.89 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 $2,773 in taxes each year. 8615 Rahke Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $234,100. If we break it down further, the land itself was valued at $31,400. Improvements to the property, however, were assessed at a total of $202,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • 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: 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: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,413
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 950
  • Total Building Area: 1,793
  • Gross Building Area: 1,793
  • Building Area: 1,373
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,373
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BUFFALO TRAILS SEC 2
  • Land Acres: 0.262
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: BUFFALO TRAILS SEC 2 L109

Ownership

  • Current Owner : BIK CEU
  • Previous Owner : LANAHAN DENNIS J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Perry Township Metropolitan School District
  • Census Tract: 381207

Geography

  • Assessors Map Reference: 2555-B7
  • District: 0005
  • Section: 230
  • Parcel: 49-14-23-130-002.000-500
  • Lot: 109
  • Municipality: PERRY TOWNSHIP
  • Latitude: 39.6404
  • Longitude: -86.1663

    Address

  • Full Address: 8615 Rahke Rd
  • Address - House Number: 8615
  • Address - Street Name: Rahke
  • Address - Suffix Type: Rd
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C006
  • 4-Digit Zip Code: 5084
  • Zip Code: 46217

Valuation

    Tax

  • Total Area: 1,373
  • Tax Year: 2022
  • Tax Amount: $2,773
  • Tax Rate Code Area: 500

    Appraisal Valuation

  • Standard Deviation: 0.2208
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 69
  • Final Value: 283,146
  • High Value: 345,671
  • Low Value: 220,620

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $144,300
  • First Open Lien Mortgage Lender: HALLMARK HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 30, 2021
  • First Open Lien Mortgage Loan Amount: $144,300
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $234,100
  • Market Land Value: $31,400
  • Market Improvement Value: $202,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,100
  • Assessed Land Value: $31,400
  • Assessed Improvements Value: $202,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2019
  • Current Sale Recording Date: May 03, 2019
  • Current Sale Transaction ID: 11607053389
  • Current Sale Price: $154,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: A201900039317

    Last Sale Mortgage

  • First Mortgage Lender: NATIONAL BANK OF INDIANAPOLIS
  • First Mortgage Transaction Date: May 03, 2019
  • First Mortgage Loan Amount: $146,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Hill Valley



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Frequently Asked Questions

What neighborhood is 8615 Rahke Road located in?
The 8615 Rahke Road is a house located in the neighborhood of Hill Valley Estates in Hill Valley, Indianapolis.
What is the average sales price for listings in 8615 Rahke Road?
The average sales price for units in 8615 Rahke Road is $0 currently.

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