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501 E Markwood Ave; Indianapolis, IN Property Details

501 E Markwood Ave, Indianapolis, IN is a Commercial Office that was built in 1936. This property is currently a cash purchase and is for sale. Our records show that 501 E Markwood Ave has 3 bedrooms, and 1 bathroom, and a total of 4,188 square feet. The lot size of 501 E Markwood Ave is 11,100 square feet.

On Market for 130 days
501 E Markwood Ave Indianapolis, IN 46227
$449,000 Listing Price
3 Beds
1 Baths
4,188 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1936
  • Purchase Price: $135,300
  • APN: 49-11-36-120-003.000-574
  • Situs County: Marion
  • Length Of Ownership: 7 years, 2 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 7

Structure

  • Building Style: Masonry
  • Stories: 1.5
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 4,188/SqFt
  • Lot: 11,100/SqFt
  • Gross: 4,188/SqFt
  • Living: 3,726/SqFt
  • Basement: 462/SqFt
  • Building: 4,188/SqFt
  • Ground: 3,726/SqFt
  • Price Per Square Foot: $32.31

Legal Description

  • Description: HOMEDELL 75FT N END L58 & L59 EX HWY
Building Insights

Land Information

  • Property Type: Commercial Office
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Perry Township Metropolitan School District
  • Lat / Lon: 39.703297 / -86.14839
  • Subdivision: Homedell 75ft N End
  • Property Class: Office
  • County Use Code: 447

Amenities

  • Plus Four: 1532
  • Bathroom Fixtures: 8
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Central

Ownership Info

501 E Markwood Ave has no associated ownership info
501 E Markwood Ave has no associated ownership info.

Taxes

501 E Markwood Ave has 10 associated Taxes items

501 E Markwood 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 $282,800. The APN we've located for 501 E Markwood Ave is 49-11-36-120-003.000-574.

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Taxes
  • Assessed Value:  $282,800
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-11-36-120-003.000-574
  • Assessed Land Value:  48800
  • Market Land Value:  48800
  • Tax Amount:  7977.26
  • Tax Year:  2025
  • Market Value:  282800
  • Market Year:  2025

Tax History

501 E Markwood Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $282,800 Land Value $48,800 Improvement Value $234,000 Tax Amount $7,977.26 Change Rate +0.363028% Assessed CR Tax Rate +0.028208%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $5,852.6 Change Rate -0.01885% Assessed CR Tax Rate
Year 2023 Assessed Value $209,500 Land Value $48,800 Improvement Value $160,700 Tax Amount $5,965.04 Change Rate +0.104895% Assessed CR Tax Rate +0.028473%
Year 2022 Assessed Value $188,800 Land Value $48,800 Improvement Value $140,000 Tax Amount $5,398.74 Change Rate -0.003621% Assessed CR Tax Rate +0.028595%
Year 2021 Assessed Value $173,100 Land Value $44,400 Improvement Value $128,700 Tax Amount $5,418.36 Change Rate +0.019309% Assessed CR Tax Rate +0.031302%
Year 2020 Assessed Value $173,100 Land Value $44,400 Improvement Value $128,700 Tax Amount $5,315.72 Change Rate +0.032652% Assessed CR Tax Rate +0.030709%
Year 2019 Assessed Value $167,300 Land Value $44,400 Improvement Value $122,900 Tax Amount $5,147.64 Change Rate -0.036506% Assessed CR Tax Rate +0.030769%
Year 2018 Assessed Value $167,300 Land Value $44,400 Improvement Value $122,900 Tax Amount $5,342.68 Change Rate +0.007654% Assessed CR Tax Rate +0.031935%
Year 2017 Assessed Value $165,700 Land Value $44,400 Improvement Value $121,300 Tax Amount $5,302.1 Change Rate +0.062771% Assessed CR Tax Rate +0.031998%
Year 2016 Assessed Value $162,200 Land Value $44,400 Improvement Value $117,800 Tax Amount $4,988.94 Change Rate -0.008238% Assessed CR Tax Rate +0.030758%
Year 2014 Assessed Value $171,200 Land Value $44,400 Improvement Value $126,800 Tax Amount $5,030.38 Change Rate -0.112698% Assessed CR Tax Rate +0.029383%
Year 2013 Assessed Value $171,200 Land Value $44,400 Improvement Value $126,800 Tax Amount $5,669.3 Change Rate Assessed CR Tax Rate +0.033115%