5 months on rocket

Sale Pending

534 E 40th St, Indianapolis, IN, 46205

$230,000

Home List Price

$2,731*

Closing Credit

2 Bedrooms
1 Full Bath
2,445 SqFt
$94/SqFt
House
Schools Nearby

Location

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534 E 40th St, Indianapolis$230,000

Buyer Closing Credits

$2,731*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1917
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
FireplaceLiving Room, Other
MLS #21953567
Lot Size0.06 Acres
StatusSale Pending
(Pending)

About 534 E 40th St

Meridian-Kessler | Welcome to this 2-bedroom, 1 bath bungalow that is just minutes from popular restaurants like Root&Bone, Gallery Pastry Shop, Upland Brewing Co, and several other SoBro Staples. Quality craftsmanship is shown in the professionally refinished hardwood floors, painted brick faux fireplace, and built-in bookcases. Updated kitchen with stainless appliances and new engineered stone Anya Quartz Nero Marquina countertops with added bar for additional dining/entertaining options. Upgraded privacy fence surrounds private deck/back yard & creates a great space for outdoor entertaining. Perennial landscaping has been added & makes for an easy transition come spring. Great location within walking distance to College Ave shops, restaurants and library. Less than 5-minute drive to Broad Ripple or downtown Indy and 2 blocks to Redline! Basement has finished bonus room that has a ceramic tile floor, closet and is being used for a media/exercise room.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1917
  • Living Area: 2,445 SqFt

Listing Office:

  • Office Name: Homes & Homesites
  • Office Email: swebb@homesandhomesites.com
  • Listing Agent: Susan Webb

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Electric Oven, Refrigerator
  • Basement: Yes
  • Interior: Breakfast Bar, Built In Book Shelves, Hardwood Floors, Screens Some, Wood Work Painted
  • Fireplace: Living Room, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • James Whitcomb Riley School 43, Public District Grades KG-8
  • Rousseau Mc Clellan 91, Public Magnet Grades KG-8
  • Center For Inquiry II, Public District Grades KG-8
  • Theodore Potter School 74, Public District Grades KG-6
  • Ernie Pyle School 90, Public District Grades PK-6

Other

Directions Information:

  • Directions: College Avenue to 40th Street, West to home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $230,000
  • Price Per SqFt: $94/SqFt

Tax Information:

  • Annual Amount: $3,933
  • Tax Year: 2020
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Housing Market Comparison

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

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Indianapolis, IN

City

Med. Sold Price

$239.7K

Med. Price/SqFt

$135

Avg. Days On Market

45

# of Sold Homes

989

534 E 40th St vs Indianapolis

159 DAYS ON ROCKET

+114 Days

$230,000

-$9.7K Less

$94/SqFt

-$41 Less

KEY TAKEAWAY

This property is $9.7K less than the Median Sold Price and $41/SqFt less than other homes in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21953567

Listing Office:

  • Office Name: Homes & Homesites
  • Office Email: swebb@homesandhomesites.com
  • Listing Agent: Susan Webb

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.

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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: 4/27/2024, 11:16:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 25, 2012Home Sold
$46,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,933$170,600
2019$2,200$166,600
2018$1,945$89,700
2017$1,388$88,700

History based on county public records data.

Payment Calculator

$1,215

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$756

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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-1722176
2
/10

  • Theodore Potter School 74

  • 1601 E 10th St

  • 3.44 miles

  • Public District Grades KG-6

school-card-donut-1722177
4
/10

  • Ernie Pyle School 90

  • 3351 W 18th St

  • 4.46 miles

  • Public District Grades PK-6

Middle School

school-card-donut-1722178
1
/10

  • James Whitcomb Riley School 43

  • 150 W 40th St

  • 0.68 miles

  • Public District Grades KG-8

school-card-donut-1722179
3
/10

  • Rousseau Mc Clellan 91

  • 5111 Evanston Ave

  • 1.66 miles

  • Public Magnet Grades KG-8

school-card-donut-1722180
10
/10

  • Center For Inquiry II

  • 440 E 57th St

  • 1.99 miles

  • Public District Grades KG-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,693. Typical income of Indianapolis, IN residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 534 E 40th St

What is the listing price of this property?

The listing price of 534 E 40th St property is $230,000.

What type of property is this?

The property 534 E 40th St is a house located in Indianapolis, Indiana, 46205.

Is this property for sale now?

Sale Pending: 534 E 40th St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 534 E 40th St are:
Theodore Potter School 74: GreatSchools Rating 2/10
Ernie Pyle School 90: GreatSchools Rating 4/10
James Whitcomb Riley School 43: GreatSchools Rating 1/10
Rousseau Mc Clellan 91: GreatSchools Rating 3/10
Center For Inquiry II: GreatSchools Rating 10/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,933 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 25, 2012 for $46,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 534 E 40th St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 534 E 40th St is 2,445 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 534 E 40th St is 1917.

Rocket Homes›Indiana›Marion County›Indianapolis›46205›534 E 40th St

This home is located at 534 E 40th St in Indianapolis, IN and zip code 46205 in the Northern Heights neighborhood. This 2,445 square foot home, which was built in 1917, sits on a 0.06 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 20, 2023 and is currently priced at $230,000.

While more than 225 listings in Indianapolis, IN in March 2024 were sold above asking price, there were more than 262 listings sold at asking price, and more than 502 were sold below. In March 2024 in Indianapolis, IN there were 7.4% more homes for sale than in February 2024. Listings spent 45 days on the market in March 2024, and had a median list price of $239,776 during the same period.

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

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