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$316,000 ↓$9,000on 9/18/2024

5053 E Michigan Street Indianapolis, IN  46201

  • 5 Beds
  • 4 Baths
  • 3,727 sq. Ft

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Property Description for 5053 E Michigan Street Indianapolis, IN 46201

Welcome to this stunningly remodeled Craftsman home, boasting 5 spacious bedrooms, 3.5 bathrooms, and charming features that will make you feel right at home. This beautiful property has been thoughtfully updated to incorporate modern amenities while maintaining the warmth and character of its original Craftsman style. The moment you step inside, you'll be struck by the stunning woodwork throughout the home. From the laminate wood floors to the ornate wood trim and built-in cabinetry, every detail has been meticulously crafted to showcase the beauty of traditional craftsmanship. The living areas are designed to entertain and relax, with a generous dining room perfect for gatherings and a cozy sitting room for quiet moments. The kitchen is a true showstopper, featuring stainless steel appliances, sleek tile backsplash, and ample counter space for cooking and prep work. The five bedrooms offer ample space with plenty of closet space and natural light pouring in through the windows. The two-and-a-half bathrooms feature modern fixtures and tasteful finishes, making this home a perfect blend of form and function. Unfinished basement that's perfect for extra storage or can be finished to provide even more entertaining space. Schedule your showing today to see this beautiful home in person!

Address:5053 E Michigan Street Indianapolis IN 46201
Status:Active
on site: 161 days
Price:$316,000
Bedrooms:5 Beds
Bathrooms:3 Full Baths, 1 Half Baths
Sq. Feet:3,727
Year Built:1930
Lot Size:0.09
County: Marion
Township: Center
MLS #:21982890
Property Type:Single Family Residence

Lot Dimensions:4000
Lot Features:Mature Trees
Water Source:Municipal/City
Directions:Heading South on Emerson Avenue, turn left onto E Michigan St. Home is on your left.
Main Level Sq. Ft. :1,313
Upper Level Sq. Ft. :1,204
Total Sq. Ft. :3,727
Basement:Yes

Loan Price
$1,894
Price And Interest $1,648/month
Property Tax $114/month
MTG INS $0/month
HOME INS $132/month
Price
$316,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$114/month
Home Owner Insurance
$1,584 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
09/18/24 $325,000 $316,000 -2.77%

RoomSizeLevel
Primary Bedroom 14x12 Main
Kitchen 25x10 Main
Breakfast Room 12x6 Main
Office 6x8 Main
Living Room 14x11 Main
Bonus Room 12x14 Main
Bonus Room 12x14 Main
Bedroom 2 14x10 Upper
Bedroom 3 11x11 Upper
Bedroom 4 10x11 Upper
Bedroom 5 12x11 Upper
Laundry 4x6 Upper

Semi-Annual Property Tax:$685
Tax Year:2023
Mandatory HOA Fee:$

Area: 4912 - Marion - Center Ne
City:Indianapolis
Subdivision: Layman & Careys Irvington Park Add
Zip Code:46201

Total Sq. Ft.:3,727
Interior Features:Built In Book Shelves, Hi-Speed Internet Availbl, Network Ready, Screens Some, Windows Vinyl, Windows Wood, WoodWorkStain/Painted
Eating Area(s):Formal Dining Room
Appliances:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer
Equipment:Smoke Alarm
Exterior Type:Vinyl Siding
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer
Total Rooms:13
Jon Hopson, REALTOR®/Broker, F. C. Tucker Company
Jon Hopson
Phone (317) 828-5181
Additional Phone (317) 888-3311
F.C. Tucker Company
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Listing provided courtesy of Jonathan Hopson with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 06/12/2024 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

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 807 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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