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$395,500

2508 S Emerson Avenue Indianapolis, IN  46203

  • 2 Beds
  • 1 Baths
  • 2,428 sq. Ft

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Property Description for 2508 S Emerson Avenue Indianapolis, IN 46203

2 house on 6 acres one price!! The property sits on a picturesque 6-acre lot and features two charming ranch-style homes, each boasting two bedrooms and one bath. This setup is ideal for a family looking to reside in one home while renting out the other for additional income. Additionally, it presents a lucrative opportunity for an investor seeking rental properties. The serene landscape includes a horse barn, making it perfect for equestrian enthusiasts or individuals interested in keeping horses. The tranquil setting and spacious acreage offer a sense of privacy and room to enjoy outdoor activities. The dual homes provide flexibility and potential for various living arrangements or rental strategies, catering to both personal and investment needs.

Address:2508 S Emerson Avenue Indianapolis IN 46203
Status:Active
on site: 99 days
Price:$395,500
Bedrooms:2 Beds
Bathrooms:1 Full Baths
Sq. Feet:2,428
Year Built:1926
Lot Size:6.01
County: Marion
Township: Center
MLS #:21991976
Property Type:Single Family Residence

Lot Dimensions:261665
Water Source:Private Well
Directions:GPS Friendly
Main Level Sq. Ft. :1,896
Total Sq. Ft. :2,428
Basement:Yes

Loan Price
$2,618
Price And Interest $2,063/month
Property Tax $390/month
MTG INS $0/month
HOME INS $165/month
Price
$395,500
Down Payment %
0 %
Down Payment
$0
Property Taxes
$390/month
Home Owner Insurance
$1,980 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 12 x 12 Main
Dining Room 5 x 9 Main
Kitchen 12 x 7 Main
Laundry 3 x 5 Main
Primary Bedroom 10 x 12 Main
Bedroom 2 10 x 11 Main

Semi-Annual Property Tax:$2,342
Tax Year:2023
Other Disclosures:As Is
Mandatory HOA Fee:$

Area: 4913 - Marion - Center Se
City:Indianapolis
Subdivision: No Subdivision
Zip Code:46203

Total Sq. Ft.:2,428
Interior Features:Attic Stairway
Eating Area(s):Dining Combo/Kitchen
Appliances:Gas Cooktop
Exterior Features:Barn Mini, Barn Pole, Barn Storage
Exterior Type:Wood Siding, Vinyl With Brick
Cool:Wall Unit(s)
Heat:Gas
Water Heater:Gas Cooktop
Total Rooms:6
Jamie Smock, REALTOR®/Broker, F. C. Tucker Company
Jamie Smock
Phone (317) 695-3369
Additional Phone (317) 849-5050
F.C. Tucker Company
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Listing provided courtesy of James Smock with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 07/23/2024 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

81
Avg. DOM

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. 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 $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 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 $3,194.02. 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 68 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 1497 minutes ago.

At the moment we have 105 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 $45,900.00 . 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 2112.74 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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