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(SOLD) $250,000

541 E Merrill Street Indianapolis, IN  46203

  • 2 Beds
  • 1 Baths
  • 2,201 sq. Ft

Property Description for 541 E Merrill Street Indianapolis, IN 46203

Fixer upper with hardwood floors ready for a Buyer to make their own. Property sold as-is. Superb downtown neighborhood with plenty of reinvestment and improvements in surrounding properties. Neighbors have carriage houses above their garages. Very unique/historical basement with potential structural issues which has been taken into account with the list price, and price is still negotiable. Accessed in garage, and basement goes from the garage, under the patio and house, to under the front yard. It was used in the produce business when the house was originally built for the storage of bananas. Detached garage is over-sized with an industrial garage door and a workshop area. HVAC serviced 2 times/year. Basement will be completely cleaned out of all items prior to closing.
QuickBuy option for home selling

Address:541 E Merrill Street Indianapolis IN 46203
Status:Sold
Sold On: 8/20/2024
Price:$274,900
Bedrooms:2 Beds
Bathrooms:1 Full Baths
Sq. Feet:2,201
Year Built:1955
Lot Size:0.08
County: Marion
Township: Center
MLS #:21963124
Property Type:Single Family Residence

Lot Dimensions:3615
Water Source:Municipal/City
Directions:East Street south of Virginia to Merrill (across from Lilly). East on Merrill to sign on left.
Main Level Sq. Ft. :1,001
Total Sq. Ft. :2,201
Basement:Yes

Loan Price
$1,675
Price And Interest $1,304/month
Property Tax $267/month
MTG INS $0/month
HOME INS $104/month
Price
$250,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$267/month
Home Owner Insurance
$1,248 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 14x14 Main
Dining Room 14x12 Main
Kitchen 20x12 Main
Primary Bedroom 14x10 Main
Bedroom 2 10x10 Main
Utility Room 60x20 Basement

Semi-Annual Property Tax:$1,603
Tax Year:2023
Other Disclosures:As Is, Cosmetics Needed, Fixer Upper, Needs Updating, Sales Disclosure Supplements
Mandatory HOA Fee:$

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

Total Sq. Ft.:2,201
Interior Features:Attic Access, Raised Ceiling(s), Hardwood Floors, Hi-Speed Internet Availbl
Interior Area(s):Laundry in Unit
Eating Area(s):Formal Dining Room
Appliances:Disposal, Gas Water Heater, Electric Oven, Refrigerator
Exterior Type:Aluminum Siding
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Disposal, Gas Water Heater, Electric Oven, Refrigerator
Total Rooms:5
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 Tom McNulty with McNulty Real Estate Services, from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 03/25/2024 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 1628 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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