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515 E 48th St; Indianapolis, IN Property Details

515 E 48th St, Indianapolis, IN is a Single Family that was built in 1928. This property is currently a cash purchase and is not for sale. Our records show that 515 E 48th St has 2 bedrooms, and a total of 1,270 square feet. The lot size of 515 E 48th St is 3,006 square feet.

Off market
515 E 48th St Indianapolis, IN 46205
$242,300 Estimated Value
2 Beds
1,270 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1928
  • Open Loans / Balance: 1 / $242,143
  • Est. Equity / %: $17,857 / 6.87%
  • Gross Yield: 12.512%
  • APN: 49-06-12-236-014.000-801
  • Situs County: Marion
  • Length Of Ownership: 3 years, 9 months

Rooms

  • Bedrooms: 2
  • Total Rooms: 6

Structure

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

Measurements

  • Total: 1,270/SqFt
  • Lot: 3,006/SqFt
  • Gross: 2,095/SqFt
  • Garage: 190/SqFt
  • Living: 1,270/SqFt
  • Basement: 635/SqFt
  • Building: 2,095/SqFt
  • Ground: 1,270/SqFt
  • Garage Unfinished: 190/SqFt

Legal Description

  • Description: PT SW1/4 SE1/4 S12 T16 R3 BEG 642.5 N & 150.75 E OF SW COR P.O.B. E55 N60 W55 S60 TO BEG (SILAS H JOHNSONS CENTRAL AVE ADD SURV PT TR 5)
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: 39.841404 / -86.149315
  • Subdivision: Silas H Johnson S Central Av
  • Property Class: Residential
  • Zoning: ZO01
  • County Use Code: 511

Amenities

  • Plus Four: 1818
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central

Ownership Info

515 E 48th St has no associated ownership info
515 E 48th St has no associated ownership info.

Taxes

515 E 48th St has 10 associated Taxes items

515 E 48th 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 $242,300. The APN we've located for 515 E 48th St is 49-06-12-236-014.000-801.

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Taxes
  • Assessed Value:  $242,300
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-06-12-236-014.000-801
  • Assessed Land Value:  40500
  • Market Land Value:  40500
  • Tax Amount:  5334.48
  • Tax Year:  2024
  • Market Value:  242300
  • Market Year:  2025

Tax History

515 E 48th St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $242,300 Land Value $40,500 Improvement Value $201,800 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $5,334.48 Change Rate -0.015789% Assessed CR Tax Rate
Year 2023 Assessed Value $224,800 Land Value $40,500 Improvement Value $184,300 Tax Amount $5,420.06 Change Rate +0.439813% Assessed CR Tax Rate +0.024111%
Year 2022 Assessed Value $163,800 Land Value $38,400 Improvement Value $125,400 Tax Amount $3,764.42 Change Rate +0.15282% Assessed CR Tax Rate +0.022982%
Year 2021 Assessed Value $137,900 Land Value $23,600 Improvement Value $114,300 Tax Amount $3,265.4 Change Rate +0.022566% Assessed CR Tax Rate +0.023679%
Year 2020 Assessed Value $137,900 Land Value $23,600 Improvement Value $114,300 Tax Amount $3,193.34 Change Rate -0.019106% Assessed CR Tax Rate +0.023157%
Year 2019 Assessed Value Land Value Improvement Value Tax Amount $3,255.54 Change Rate -0.023943% Assessed CR Tax Rate
Year 2018 Assessed Value $136,700 Land Value $23,600 Improvement Value $113,100 Tax Amount $3,335.4 Change Rate +0.240599% Assessed CR Tax Rate +0.024399%
Year 2017 Assessed Value $123,000 Land Value $23,600 Improvement Value $99,400 Tax Amount $2,688.54 Change Rate +0.061456% Assessed CR Tax Rate +0.021858%
Year 2016 Assessed Value $121,200 Land Value $23,600 Improvement Value $97,600 Tax Amount $2,532.88 Change Rate -0.089043% Assessed CR Tax Rate +0.020898%
Year 2014 Assessed Value $128,600 Land Value $23,600 Improvement Value $105,000 Tax Amount $2,780.46 Change Rate +0.023266% Assessed CR Tax Rate +0.021621%
Year 2013 Assessed Value $130,700 Land Value $23,600 Improvement Value $107,100 Tax Amount $2,717.24 Change Rate Assessed CR Tax Rate +0.02079%