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1506 E Edwards Ave; Indianapolis, IN Property Details

1506 E Edwards Ave, Indianapolis, IN is a Single Family that was built in 1920. This property is currently a cash purchase and is not for sale. Our records show that 1506 E Edwards Ave has 5 bedrooms, and 1 bathroom, and a total of 2,870 square feet. The lot size of 1506 E Edwards Ave is 8,160 square feet.

For Rent
1506 E Edwards Ave Indianapolis, IN 46227
$2,100 Listing Price
5 Beds
1 Baths
2,870 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1920
  • Purchase Price: $176,000
  • Open Loans / Balance: 1 / $105,064
  • Est. Equity / %: $147,936 / 58.47%
  • Gross Yield: 10.786%
  • APN: 49-10-31-101-001.184-501
  • Situs County: Marion
  • Length Of Ownership: 6 years, 7 months

Rooms

  • Bedrooms: 5
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 11

Structure

  • Building Style: Frame
  • Stories: 2
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 2,870/SqFt
  • Lot: 8,160/SqFt
  • Gross: 4,305/SqFt
  • Garage: 625/SqFt
  • Living: 2,870/SqFt
  • Basement: 1,435/SqFt
  • Building: 4,305/SqFt
  • Ground: 2,870/SqFt
  • Price Per Square Foot: $61.32

Legal Description

  • Description: ELDERS UNIVERSITY HEIGHTS L351 & W1/2 L350
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Indianapolis Public Schools
  • Lat / Lon: 39.705765 / -86.13283
  • Subdivision: Elders University Heights
  • Property Class: Residential
  • Zoning: ZO01
  • County Use Code: 510

Amenities

  • Plus Four: 3757
  • Bathroom Fixtures: 8
  • Cooling: Central
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

1506 E Edwards Ave has no associated ownership info
1506 E Edwards Ave has no associated ownership info.

Taxes

1506 E Edwards Ave has 10 associated Taxes items

1506 E Edwards Ave, Indianapolis, IN pays taxes in Marion County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $255,300. The APN we've located for 1506 E Edwards Ave is 49-10-31-101-001.184-501.

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Taxes
  • Assessed Value:  $255,300
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-10-31-101-001.184-501
  • Assessed Land Value:  27300
  • Market Land Value:  27300
  • Tax Amount:  5972.84
  • Tax Year:  2024
  • Market Value:  255300
  • Market Year:  2025

Tax History

1506 E Edwards Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $255,300 Land Value $27,300 Improvement Value $228,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $5,972.84 Change Rate +0.104151% Assessed CR Tax Rate
Year 2023 Assessed Value $222,000 Land Value $27,300 Improvement Value $194,700 Tax Amount $5,409.44 Change Rate +0.124385% Assessed CR Tax Rate +0.024367%
Year 2022 Assessed Value $198,300 Land Value $27,300 Improvement Value $171,000 Tax Amount $4,811.02 Change Rate +0.169563% Assessed CR Tax Rate +0.024261%
Year 2021 Assessed Value $172,800 Land Value $27,300 Improvement Value $145,500 Tax Amount $4,113.52 Change Rate +0.065668% Assessed CR Tax Rate +0.023805%
Year 2020 Assessed Value $167,100 Land Value $27,300 Improvement Value $139,800 Tax Amount $3,860.04 Change Rate +0.035885% Assessed CR Tax Rate +0.0231%
Year 2019 Assessed Value $158,300 Land Value $20,700 Improvement Value $137,600 Tax Amount $3,726.32 Change Rate +0.106278% Assessed CR Tax Rate +0.02354%
Year 2018 Assessed Value $136,600 Land Value $20,700 Improvement Value $115,900 Tax Amount $3,368.34 Change Rate +0.133404% Assessed CR Tax Rate +0.024658%
Year 2017 Assessed Value $134,400 Land Value $20,700 Improvement Value $113,700 Tax Amount $2,971.88 Change Rate +0.206649% Assessed CR Tax Rate +0.022112%
Year 2016 Assessed Value $122,500 Land Value $20,700 Improvement Value $101,800 Tax Amount $2,462.92 Change Rate +0.055978% Assessed CR Tax Rate +0.020105%
Year 2014 Assessed Value $108,100 Land Value $20,700 Improvement Value $87,400 Tax Amount $2,332.36 Change Rate -0.045921% Assessed CR Tax Rate +0.021576%
Year 2013 Assessed Value $107,000 Land Value $20,700 Improvement Value $86,300 Tax Amount $2,444.62 Change Rate Assessed CR Tax Rate +0.022847%