516 N Somerset Ave Indianapolis, IN 46222
Single Family Residence4 Beds, -- Baths, 1,508 sqft
$61,000
(Estimated Value)
Estimated value provides a reasonable estimate of the property’s market value based on comparable properties and other factors.
It is not an actual appraisal, but it is a good starting point to determine the property’s actual value.
- Est. Refinance:
- $277/mo
516 N Somerset Ave is a single family residence located in Indianapolis, IN 46222. Built in 1920, this property features 4 bedrooms, 4,400 sq ft lot, and 1,508 sq ft of living space. The estimated market value for 516 N Somerset Ave is $61,000.
For the surrounding community of Indianapolis, IN 46222, the average sale price for similar homes to 516 N Somerset Ave is $26,644. The nearby schools are below average and include Stephen Collins Foster Sch 67, Ernie Pyle School 90 and Cold Spring School. The overall crime risk for this area is moderately high with 54 criminal and sex offenders residing within 1 mile. The natural disaster risk for this area includes very low earthquake risk, and high tornado risk.
Equity & Loan-to-value
$61,000
estimated value
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Outstanding Loan Amount
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Equity
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Loan-To-Value
Ownership Information
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The primary owner (or borrower) is the person in charge of the mortgage and ultimately responsible for making payments on the loan.
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Free with Trial |
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Indicates the ownership vesting type. Generally this describes the legal relationship between multiple owners or married persons.
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Free with Trial |
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The address where the owner receives his/her tax bill. You may use this address to get in touch with the property owner.
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Free with Trial |
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The date when the current owner purchased the property.
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01/16/2014 |
Property Details: 516 N Somerset Ave
- Single Family Residence
- Home Size: 1,508 sqft
- Lot Size: 4,400 sqft
- Built in: 1920
- Parcel Number: 491105117511000901
- County: Marion
- Subdivision: FAIRFAX
- Census: 1
- Tract: 341700
- Lot: 285
- Legal: Free With Trial
Home Expenses
Tax History
| Year | Taxes | Land | Improvements | Assessment |
| 2017 | $397 (+0.78%) | $2,900 | $47,700 | $50,600 |
| 2016 | $397 (+0.67%) | $2,900 | $55,700 | $58,600 |
| 2015 | $368 (+0.63%) | $2,900 | $55,000 | $57,900 |
| 2014 | $1,181 (+1.95%) | $2,900 | $57,600 | $60,500 |
| 2013 | $1,181 (+2.09%) | $2,900 | $53,600 | $56,500 |
| 2011 | $480 | $5,500 | $62,600 | $68,100 |
Open Loans
Transaction History
Market Comparison
This home $61,000
Estimated Value
vs
Comparable Sales$26,644
AVG SALES Price
Comparable Listings $62,797
AVG LIST Price
Comparable Sales
The average sales price of homes similar to 516 N Somerset Ave is $26,644 ($18/sq.ft.)| Address | Sold Price | Sold Date | Price/sq ft | Sq.Ft. | Beds, Baths | Distance |
| 544 Tomlinson St | $21,100 | 02/06/2018 | $14 | 1,554 sq.ft. | 2 Bed, -- Bath | 0.4 mi away |
| 1410 N Concord St | $37,000 | 12/29/2017 | $25 | 1,500 sq.ft. | 3 Bed, -- Bath | 1 mi away |
| 2427 Winfield Ave | $32,100 | 10/03/2017 | $22 | 1,440 sq.ft. | 3 Bed, -- Bath | 2 mi away |
| 1224 N Warman Ave | $21,109 | 09/06/2017 | $15 | 1,400 sq.ft. | 2 Bed, -- Bath | 1.1 mi away |
| 1430 N Holmes Ave | $22,001 | 09/06/2017 | $16 | 1,364 sq.ft. | 3 Bed, -- Bath | 1.2 mi away |
Comparable Listings
- 2208 Kessler Blv...
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- 1046 N Warman Ave
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- 4109 Rockville Rd
- $62,500
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- 1,400 SqFt
- 4620 Brittany Rd
- $64,900
- 4 Bd 1 Ba
- 1,388 SqFt
- 2040 N Exeter Ave
- $77,000
- 4 Bd 2 Ba
- 1,492 SqFt
