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(SOLD) $150,000

4841 E Terrace Avenue Indianapolis, IN  46203

  • 2 Beds
  • 1 Baths
  • 780 sq. Ft

Property Description for 4841 E Terrace Avenue Indianapolis, IN 46203

MOTIVATED SELLER!Unique opportunity to own 3 contiguous lots for either an owner occupant or investor for income production. The 3 lots have a storage building, 2 bedroom/1 bath residential unit/Apartment and a large 2 bay mechanics garage (NOT ZONED COMMERCIAL). The mechanics garage is heated and cooled. There is a bathroom, office and large entry area. Both garage bays have oversized garage doors for servicing larger vehicles. While zoned residentially, the owner successfully worked out of this space for nearly 50 years servicing vehicles. The residential unit has a working kitchen and laundry, large bedroom with door to outside courtyard. There is a large patio connecting the residential unit to the storage building. Storage building currently being leased. Own and occupy all 3 buildings or own and lease all three. The potential for this unique property is vast.
QuickBuy option for home selling

Address:4841 E Terrace Avenue Indianapolis IN 46203
Status:Sold
Sold On: 10/28/2024
Price:$190,000
Bedrooms:2 Beds
Bathrooms:1 Full Baths
Sq. Feet:780
Year Built:1947
Lot Size:0.34
County: Marion
Township: Center SE
MLS #:21958088
Property Type:Single Family Residence

Lot Dimensions:14976
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :780
Total Sq. Ft. :780

Loan Price
$976
Price And Interest $782/month
Property Tax $131/month
MTG INS $0/month
HOME INS $63/month
Price
$150,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$131/month
Home Owner Insurance
$756 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom 16x11 Main

Semi-Annual Property Tax:$788
Tax Year:2023
Mandatory HOA Fee:$

Area: 4913 - Marion - Center Se
City:Indianapolis
Subdivision: Emerson Terrace
Zip Code:46203

Total Sq. Ft.:780
Interior Features:Eat-in Kitchen
Eating Area(s):Dining Combo/Kitchen
Appliances:Electric Cooktop, Refrigerator
Exterior Features:Out Building With Utilities, Storage Shed
Exterior Type:Wood Siding
Cool:Central Electric
Heat:Forced Air
Water Heater:Electric Cooktop, Refrigerator
Total Rooms:4
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 Sherry Minkis with Sherry Minkis from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/29/2023 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

109
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 $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 1385 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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