INVESTORS INVESTORS INVESTORS!! A 2 bedroom bungalow just a half mile from the Indianapolis Motor Speedway is a rare find, so here is your opportunity! So many options to transform this quaint little place into a rental or someone's new forever home!
Sold
$62,000
1628 N Somerset Ave, Indianapolis, IN 46222
2beds
1,080sqft
Residential, Single Family Residence
Built in 1929
5,227 Square Feet Lot
$111,700 Zestimate®
$57/sqft
$1,231 Estimated rent
Home value
$111,700
$86,000 - $137,000
$1,231/mo
Zestimate® history
Owner options
List your home for rent
$1,231/mo
Rent Zestimate®
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$1,231/mo
Rent Zestimate®
Refinance and save
$312/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$312/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Heather Hamm 317-201-3424,
eXpert, REALTORS®
Bought with:
Heather Hamm
eXpert, REALTORS®
Source: MIBOR as distributed by MLS GRID,MLS#: 21967123
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Carpet
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Bedroom 2
- Features: Carpet
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Living room
- Features: Carpet
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Heating
- Forced Air
Cooling
- Has cooling: Yes
Appliances
- Included: Electric Water Heater, Electric Oven, Refrigerator
Features
- Attic Access
- Basement: Daylight
- Attic: Access Only
Interior area
- Total structure area: 1,080
- Total interior livable area: 1,080 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Fencing: Fenced,Chain Link
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 490632115753000901
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- Fixer
- New construction: No
- Year built: 1929
Utilities & green energy
- Water: Municipal/City
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Rainbow Ridge
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $57/sqft
- Tax assessed value: $61,500
- Annual tax amount: $278
- Date on market: 3/6/2024
- Cumulative days on market: 1 day
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2024 | Sold | $62,000-22.4%$57/sqft |
Source:  MIBOR as distributed by MLS GRID #21967123 Report a problem | ||
| 3/6/2024 | Pending sale | $79,900$74/sqft |
Source: MIBOR as distributed by MLS GRID #21967123 Report a problem | ||
| 3/6/2024 | Listed for sale | $79,900$74/sqft |
Source: MIBOR as distributed by MLS GRID #21967123 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $739 +22.6% | $61,500 -32.8% |
| 2024 | $603 -3.9% | $91,500 +7.4% |
| 2023 | $627 +124.9% | $85,200 |
| 2022 | $279 +10.6% | $85,200 +74.9% |
| 2021 | $252 +35.2% | $48,700 +7.5% |
| 2020 | $186 +0.4% | $45,300 +25.5% |
| 2019 | $186 -3.9% | $36,100 +2.3% |
| 2018 | $193 -20.7% | $35,300 +0.6% |
| 2017 | $244 +31.7% | $35,100 -6.6% |
| 2016 | $185 +1.8% | $37,600 +2.5% |
| 2014 | $182 -25.5% | $36,700 +1.1% |
| 2013 | $244 | $36,300 -11.5% |
| 2012 | $244 | $41,000 +3.5% |
| 2011 | -- | $39,600 -3.6% |
| 2010 | $228 +7.1% | $41,100 -2.8% |
| 2009 | $213 | $42,300 -6.6% |
| 2007 | -- | $45,300 +0.7% |
| 2006 | -- | $45,000 +23.6% |
| 2005 | -- | $36,400 |
| 2004 | -- | $36,400 |
| 2003 | -- | $36,400 +115.4% |
| 2002 | -- | $16,900 +200.2% |
| 2001 | -- | $5,630 |
| 2000 | -- | $5,630 |
Find assessor info on the county website
Neighborhood: Eagledale
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Nearby schools
GreatSchools rating
- 4/10Ernie Pyle School 90Grades: PK-5Distance: 0.4 mi
- 4/10Cold Spring SchoolGrades: K-8Distance: 2.5 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 2 mi
Get a cash offer in 3 minutes
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Estimated market value
$111,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$111,700
- Indiana
- Marion County
- Indianapolis
- 46222
- Eagledale
- 1628 N Somerset Ave
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