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(SOLD) $160,000

1203 Madeira Street Indianapolis, IN  46203

  • 3 Beds
  • 3 Baths
  • 1,520 sq. Ft

Property Description for 1203 Madeira Street Indianapolis, IN 46203

This is an affordable housing build developed by Southeast Neighborhood Development (SEND). Buyer's income must qualify under current HUD Income Limits. Property must be owner-occupied. INCOME RESTRICTIONS APPLY WITHOUT EXCEPTION! HUD HOME Program Income Limits - total combined household income of all members 18+ cannot exceed the following income thresholds: Household of 1: $54,150, Household of 2: $61,900, Household of 3: $69,650, Household of 4: $77,350, Household of 5: $88,500, Household of 6: $89,750. All buyers must apply at SEND (Southeast Neighborhood Development) website and qualify before an offer will be accepted. Buyer's monthly housing cost cannot exceed 30% of total monthly income, as determined by the "Affordability Analysis" located in supplements. Buyer's lender should complete affordability analysis before agent submits an offer.
QuickBuy option for home selling

Address:1203 Madeira Street Indianapolis IN 46203
Status:Sold
Sold On: 7/26/2024
Price:$160,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths, 1 Half Baths
Sq. Feet:1,520
Year Built:2024
Lot Size:0.10
County: Marion
Township: Center
MLS #:21984656
Property Type:Single Family Residence

Lot Dimensions:4182
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :760
Upper Level Sq. Ft. :760
Total Sq. Ft. :1,520

Loan Price
$925
Price And Interest $835/month
Property Tax $23/month
MTG INS $0/month
HOME INS $67/month
Price
$160,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$23/month
Home Owner Insurance
$804 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 19x13 Main
Dining Room 16x8 Main
Kitchen 16x9 Main
Primary Bedroom 14x12 Upper
Bedroom 2 9x12 Upper
Bedroom 3 9x13 Upper

Semi-Annual Property Tax:$136
Tax Year:2023
Mandatory HOA Fee:$

Area: 4913 - Marion - Center Se
City:Indianapolis
Subdivision: Hosbrooks Prospect
Zip Code:46203

Total Sq. Ft.:1,520
Interior Features:Attic Access, Center Island, Paddle Fan, Pantry, Walk-in Closet(s), Windows Vinyl
Interior Area(s):Utility Room
Eating Area(s):Dining Combo/Kitchen
Appliances:Dishwasher, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator
Exterior Type:Vinyl Siding
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Dishwasher, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator
Total Rooms:6
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Daniel McNeal with @properties from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 06/19/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Indianapolis Market Report

25
Avg. DOM

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $10,832.93. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $273,000.00 and the average price per square feet is $158.65 per square feet. At the moment, the amount of homes listed is exactly 13560 houses, with 2229 with active status, 1293 with pending status and 10038 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,223.43. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 71 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 558 minutes ago.

At the moment we have 203 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $5,500,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $1.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2163.38 sq.ft. , the biggest one being 14738 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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