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(SOLD) $328,000

5205 W 16th Street Indianapolis, IN  46224

  • 3 Beds
  • 3 Baths
  • 3,016 sq. Ft

Property Description for 5205 W 16th Street Indianapolis, IN 46224

Just in time for the spring racing season, this 3Bed/2.5Baths brick bungalow with finished basement home offers everything you could want in your next home! Right in the heart of old Speedway sits incredible charm and rich history just waiting for your memories to be made in it! You'll find yourself within walking distance to the Indianapolis Motor Speedway and Main St. with access to numerous restaurants, coffee shops and schools. From the long sidewalk out front to the charming front porch to then entering this historic home, you start to get the feel for the nostalgia. Cozy front porch leads into a spacious living room with gleaming hardwood floors that continue into the Dining room with built-in cabinets in the dining room. Beautiful kitchen (remodeled in 2014) with white cabinets, tile backsplash, & SS appliances. The primary bedroom is located on the main level, along with a full bathroom, recently remodeled in 2022. Back room could be used as den and great for overflow from outdoor entertaining. Speaking of, what a great set up for grilling and parties on the deck and back yard area. Open the double doors to your oversized 2.5 car garage and you've got double the space for entertaining. Back inside, the beautiful staircase leads upstairs to more hardwood floors, two bedrooms, and a 1/2 bathroom! And the finished basement could be used for about anything you choose! It has a workshop to dream about, craft closet, office and rec room, and also includes another full bath (added in 2022), charming space for laundry with custom drying rack, folding table and utility sink, and lots of storage! Speedway Schools with High School ranked 3rd in the state of Indiana, 225th in the nation, & a 2020 award recipient of the National Blue Ribbon School ranking. Located only minutes from downtown Indianapolis, Speedway offers the sought after walkability factor with the small town feel! Don't miss this incredible opportunity!
QuickBuy option for home selling

Address:5205 W 16th Street Indianapolis IN 46224
Status:Sold
Sold On: 5/7/2024
Price:$339,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths, 1 Half Baths
Sq. Feet:3,016
Year Built:1940
Lot Size:0.16
County: Marion
Township: Wayne
MLS #:21961106
Property Type:Single Family Residence

Lot Dimensions:7013
Lot Features:Sidewalks, Street Lights, Mature Trees
Water Source:Municipal/City
Directions:GPS Friendly. Go past the house on 16th St., turn right on Allison, turn right into the alley, & driveway for house is the 2nd drive from Allison.
Main Level Sq. Ft. :1,080
Upper Level Sq. Ft. :856
Total Sq. Ft. :3,016
Basement:Yes

Loan Price
$2,049
Price And Interest $1,711/month
Property Tax $201/month
MTG INS $0/month
HOME INS $137/month
Price
$328,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$201/month
Home Owner Insurance
$1,644 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Office 10x8 Basement
Primary Bedroom 14x11 Main
Library 13x10 Main
Living Room 19x13 Main
Kitchen 11x10 Main
Dining Room 12x13 Main
Family Room 12x32 Basement
Bedroom 2 16x10 Upper
Bedroom 3 12x10 Upper
Play Room 33x8 Basement
12x8 Basement

Semi-Annual Property Tax:$1,206
Tax Year:2023
Mandatory HOA Fee:$

Area: 4993 - Marion - Wayne Speedway
Subdivision: Speedway City
Zip Code:46224

Total Sq. Ft.:3,016
Interior Features:Hardwood Floors, Screens Complete, Windows Vinyl, Eat-in Kitchen
Interior Area(s):Living Room Formal
Eating Area(s):Formal Dining Room
Appliances:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer
Equipment:Smoke Alarm
Exterior Features:Barn Mini
Exterior Type:Brick
Fireplace(s):Basement, Woodburning Fireplce
Cool:Central Electric
Heat:Forced Air, Gas
Water Heater:Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer
Total Rooms:11
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 Whitney Strange with Keller Williams Indy Metro NE from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 02/13/2024 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

81
Avg. DOM

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. 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 $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 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 $3,194.02. 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 68 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 1365 minutes ago.

At the moment we have 105 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 $45,900.00 . 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 2112.74 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.