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$195,000 ↓$35,000on 3/18/2024

5559 W Morris Street Indianapolis, IN  46241

  • 2 Beds
  • 1 Baths
  • 1,644 sq. Ft

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Property Description for 5559 W Morris Street Indianapolis, IN 46241

GREAT COMMERCIAL LOCATION HOUSE PLUS EXTRA LOT NEXT DOOR (Presently zoned Residential) Located next to commercial properties. Buyer can use the house as an office and additional for car sales, storage, etc. Or live in the home with your business next door on your own lot, OR tear down house and build your commercial building. Easy access to US 40 to Indianapolis or airport. Property is being sold AS IS. All municiple utilities.
QuickBuy option for home selling

Address:5559 W Morris Street Indianapolis IN 46241
Status:Active
on site: 124 days
Price:$195,000
Bedrooms:2 Beds
Bathrooms:1 Full Baths
Sq. Feet:1,644
Year Built:1925
Lot Size:0.17
County: Marion
Township: Wayne
MLS #:21958194
Property Type:Single Family Residence

Lot Dimensions:7362
Water Source:Municipal/City
Directions:I-465 to West Washington Street (US 40), go east to West Morris Street on right, to property. From Indianapolis, West Washington Street to Lynhurst Drive, south to West Morris Street, turn west to property/
Main Level Sq. Ft. :876
Total Sq. Ft. :1,644
Basement:Yes

Loan Price
$1,112
Price And Interest $1,017/month
Property Tax $14/month
MTG INS $0/month
HOME INS $81/month
Price
$195,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$14/month
Home Owner Insurance
$972 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
03/18/24 $230,000 $195,000 -15.22%
02/07/24 $260,000 $230,000 -11.54%

RoomSizeLevel
Primary Bedroom 12 x 12 Main
Bedroom 2 9 x 12 Main
Kitchen 9 x 15 Main
Living Room 9 x 11 Main
Dining Room 12 x 15 Main
Library 12 x 18 Basement
Bonus Room 12 x 15 Basement
13 x 13 Basement

Semi-Annual Property Tax:$084
Tax Year:2022
Mandatory HOA Fee:$

Area: 4909 - Marion - Wayne
City:Indianapolis
Subdivision: No Subdivision
Zip Code:46241

Total Sq. Ft.:1,644
Interior Features:WoodWorkStain/Painted
Eating Area(s):Dining Combo/Living Room
Appliances:Dishwasher, Disposal, Gas Water Heater, Oven, Electric Oven, Refrigerator
Exterior Type:Wood
Cool:Central Electric
Heat:Gas
Water Heater:Dishwasher, Disposal, Gas Water Heater, Oven, Electric Oven, Refrigerator
Total Rooms:8
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Schools in 5559 W Morris Street Indianapolis, IN  46241


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Listing provided courtesy of Dan Laser with RE/MAX Centerstone from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/31/2023 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

78
Avg. DOM
$165.44
Avg. $ / Sq.Ft.
$ 289,000
Med. List Price

The house prices in Indianapolis are not dropping at the moment. There has been a increase in price of $558.50. 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 Up. The average house price is $290,000.00 and the average price per square feet is $165.93 per square feet. At the moment, the amount of homes listed is exactly 11610 houses, with 1489 with active status, 1503 with pending status and 8618 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 $3,048.12. 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 78 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 455 minutes ago.

At the moment we have 30 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $5,500,000.00. 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 $35,000.00 . 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 1850 and the newest built house is in year 2024.

The average size of properties in Indianapolis is 2194.9 sq.ft. , the biggest one being 11598 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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