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1940 E 88th St; Indianapolis, IN Property Details

1940 E 88th St, Indianapolis, IN is a Single Family that was built in 1958. This property is currently Financed and is not for sale. Our records show that 1940 E 88th St has 3 bedrooms, and 1.5 bathrooms, and a total of 1,820 square feet. The lot size of 1940 E 88th St is 24,002 square feet.

Off market
1940 E 88th St Indianapolis, IN 46240
$146,300 Listing Price
3 Beds
1.5 Baths
1,820 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1958
  • Purchase Price: $400,000
  • Open Loans / Balance: 1 / $173,764
  • Est. Equity / %: $227,236 / 56.67%
  • Gross Yield: 9.064%
  • APN: 49-03-13-125-002.000-800
  • Situs County: Marion
  • Length Of Ownership: 2 years, 1 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 8
  • Partial Bathrooms: 1

Structure

  • Building Style: Masonry
  • Stories: 1
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 1,820/SqFt
  • Lot: 24,002/SqFt
  • Gross: 3,658/SqFt
  • Garage: 420/SqFt
  • Living: 1,820/SqFt
  • Basement: 1,418/SqFt
  • Building: 3,658/SqFt
  • Ground: 1,820/SqFt
  • Price Per Square Foot: $219.78

Legal Description

  • Description: EL RICO 3RD SEC L3
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Washington Township Metropolitan School District
  • Lat / Lon: 39.916393 / -86.128685
  • Subdivision: El Rico 3rd Sec
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Plus Four: 1919
  • Bathroom Fixtures: 9
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

1940 E 88th St has no associated ownership info
1940 E 88th St has no associated ownership info.

Taxes

1940 E 88th St has 10 associated Taxes items

1940 E 88th St, 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 $358,500. The APN we've located for 1940 E 88th St is 49-03-13-125-002.000-800.

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Taxes
  • Assessed Value:  $358,500
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-03-13-125-002.000-800
  • Assessed Land Value:  106000
  • Market Land Value:  106000
  • Tax Amount:  4208.02
  • Tax Year:  2024
  • Market Value:  358500
  • Market Year:  2025

Tax History

1940 E 88th St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $358,500 Land Value $106,000 Improvement Value $252,500 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $4,208.02 Change Rate +0.008576% Assessed CR Tax Rate
Year 2023 Assessed Value $317,100 Land Value $106,000 Improvement Value $211,100 Tax Amount $4,172.24 Change Rate +0.206847% Assessed CR Tax Rate +0.013157%
Year 2022 Assessed Value $328,600 Land Value $106,000 Improvement Value $222,600 Tax Amount $3,457.14 Change Rate +0.050598% Assessed CR Tax Rate +0.010521%
Year 2021 Assessed Value $238,700 Land Value $28,800 Improvement Value $209,900 Tax Amount $3,290.64 Change Rate +0.194728% Assessed CR Tax Rate +0.013786%
Year 2020 Assessed Value $221,300 Land Value $28,800 Improvement Value $192,500 Tax Amount $2,754.3 Change Rate +0.13994% Assessed CR Tax Rate +0.012446%
Year 2019 Assessed Value $207,100 Land Value $28,800 Improvement Value $178,300 Tax Amount $2,416.18 Change Rate +0.029169% Assessed CR Tax Rate +0.011667%
Year 2018 Assessed Value $196,300 Land Value $28,800 Improvement Value $167,500 Tax Amount $2,347.7 Change Rate +0.032364% Assessed CR Tax Rate +0.01196%
Year 2017 Assessed Value $193,700 Land Value $28,800 Improvement Value $164,900 Tax Amount $2,274.1 Change Rate +0.439286% Assessed CR Tax Rate +0.01174%
Year 2016 Assessed Value $178,800 Land Value $28,800 Improvement Value $150,000 Tax Amount $1,580.02 Change Rate -0.038285% Assessed CR Tax Rate +0.008837%
Year 2014 Assessed Value $177,100 Land Value $28,800 Improvement Value $148,300 Tax Amount $1,642.92 Change Rate +0.065088% Assessed CR Tax Rate +0.009277%
Year 2013 Assessed Value $162,300 Land Value $28,800 Improvement Value $133,500 Tax Amount $1,542.52 Change Rate Assessed CR Tax Rate +0.009504%