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(SOLD) $155,000

1205 Madeira Street Indianapolis, IN  46203

  • 3 Beds
  • 2 Baths
  • 1,480 sq. Ft

Property Description for 1205 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: $57,650, Household of 2: $65,850, Household of 3: $74,100, Household of 4: $82,300, Household of 5: $88,900, Household of 6: $95,500. All buyers must apply at SEND (Southeast Neighborhood Development) website https://www.sendcdc.org/home-ownership and qualify before an offer will be accepted. Sale of home to buyer is contingent upon City of Indianapolis Department of Metropolitan Development's determination that buyer's household income is at or below the HUD required 80% AMI and housing cost does not account for more than 30% of total monthly income.
QuickBuy option for home selling

Address:1205 Madeira Street Indianapolis IN 46203
Status:Sold
Sold On: 12/13/2024
Price:$155,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,480
Year Built:2024
Lot Size:0.10
County: Marion
Township: Center
MLS #:22008949
Property Type:Single Family Residence

Lot Dimensions:4182
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :1,480
Total Sq. Ft. :1,480

Loan Price
$890
Price And Interest $809/month
Property Tax $16/month
MTG INS $0/month
HOME INS $65/month
Price
$155,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$16/month
Home Owner Insurance
$780 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom 14x11 Main
Bedroom 2 12x11 Main
Bedroom 3 11x12 Main
Kitchen 12x19 Main
Living Room 13x19 Main
Laundry 8x6 Main

Semi-Annual Property Tax:$098
Tax Year:2023
Mandatory HOA Fee:$

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

Total Sq. Ft.:1,480
Interior Features:Attic Access, Bath Sinks Double Main, Center Island, Entrance Foyer, Paddle Fan, Pantry, Walk-in Closet(s), Windows Vinyl
Eating Area(s):Dining Combo/Kitchen
Appliances:Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator, Washer
Exterior Features:Storage Shed
Exterior Type:Vinyl Siding
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator, Washer
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 11/05/2024 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

137
Avg. DOM
$187.92
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $1,436.60. 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 $265,000.00 and the average price per square feet is $153.99 per square feet. At the moment, the amount of homes listed is exactly 9886 houses, with 2272 with active status, 1101 with pending status and 6513 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 $3,058.56. 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 69 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 1287 minutes ago.

At the moment we have 90 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. 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 $38,900.00 . 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 2103.24 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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