2 months on rocket

1202 Home Ave, Anderson, IN, 46016

$70,000

Home List Price

$831*

Closing Credit

3 Bedrooms
1 Full Bath
1,805 SqFt
$39/SqFt
House
Schools Nearby

Location

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1202 Home Ave, Anderson$70,000

Buyer Closing Credits

$831*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1849
HeatingOther
CoolingOther
BasementYes
MLS #21965041
Lot Size0.24 Acres
StatusActive

About 1202 Home Ave

Action Required: No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. All showings require proof of funds, no exceptions. Financing Type: Cash, Conventional Financing Keep it as a rental and raise rents to fair market value (Shortage of Section 8 Housing in Anderson. See upside remarks below) Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46016 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $1,468. Property can be sold as a package deal. (See remarks below) Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file. If represented by an outside agency, connect your representative. In order to receive financial information and data analysis buyers must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to tenant occupancy. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract, buyers may conduct physical inspection to verify the condition of property. Property is being sold as-is. Package: 2203-2205 George St (Duplex), 1818 Broadway, 1405 W 4th St, 1202 Home Ave, 1124 Home Ave, 1304 E 27th St, 125 E 35th St, 2939 Columbus Ave. All investment properties can be bought as a package or individually. See MLS listings.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1849
  • Living Area: 1,805 SqFt

Listing Office:

  • Office Name: Fair Market Value Investment Sales
  • Office Email: jordanice@fmvrei.com
  • Listing Agent: Jordan Ice

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes
  • Interior: Windows Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Anderson High School, Public District Grades 9-12
  • Highland Middle School, Public District Grades 6-8
  • Tenth Street Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $70,000
  • Price Per SqFt: $39/SqFt

Tax Information:

  • Annual Amount: $248
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Anderson, IN.

Med. Sold Price

$159K

Med. Price/SqFt

$103

Avg. Days On Market

44

# of Sold Homes

81

1202 Home Ave vs Anderson

71 DAYS ON ROCKET

+27 Days

$70,000

-$89K Less

$39/SqFt

-$65 Less

KEY TAKEAWAY

This property is $89K less than the Median Sold Price and $65/SqFt less than other homes in Anderson, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21965041

Listing Office:

  • Office Name: Fair Market Value Investment Sales
  • Office Email: jordanice@fmvrei.com
  • Listing Agent: Jordan Ice

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to helpdesk@miborsupport.com and DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 10:16:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$248$28,900
2019$663$10,900
2017$3,704$28,400

History based on county public records data.

Payment Calculator

$417

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$276

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5020679
3
/10
  • Tenth Street Elementary School

  • 3124 E 10th St

  • 1.95 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5020680
3
/10
  • Highland Middle School

  • 2108 E 200 N

  • 3.08 miles

  • Public District Grades 6-8

High School

school-card-donut-5020681
2
/10
  • Anderson High School

  • 4610 Madison Ave

  • 2.79 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,466. Most Anderson, IN residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1202 Home Ave

What is the listing price of this property?

The listing price of 1202 Home Ave property is $70,000.

What type of property is this?

The property 1202 Home Ave is a house located in Anderson, Indiana, 46016.

Is this property for sale now?

Active Listing: 1202 Home Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1202 Home Ave are:
Tenth Street Elementary School: GreatSchools Rating 3/10
Highland Middle School: GreatSchools Rating 3/10
Anderson High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $248 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1202 Home Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1202 Home Ave is 1,805 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1202 Home Ave is 1849.

Rocket HomesIndianaMadison CountyAnderson460161202 Home Ave

This home is located at 1202 Home Ave in Anderson, IN and zip code 46016. This 1,805 square foot home, which was built in 1849, sits on a 0.24 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 21, 2024 and is currently priced at $70,000.

While more than 22 listings in Anderson, IN in April 2024 were sold above asking price, there were more than 19 listings sold at asking price, and more than 40 were sold below. In April 2024 in Anderson, IN there were 0.7% more homes for sale than in March 2024. In April 2024 median list price was $159,000 and the average listing age was 44 days.

From Rocket Homes Real Estate and based on county public records data.

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