Large Location Icon

538 E Merrill St; Indianapolis, IN Property Details

538 E Merrill St, Indianapolis, IN is a Single Family that was built in 1920. This property is currently Financed and is not for sale. Our records show that 538 E Merrill St has 3 bedrooms, and a total of 1,032 square feet. The lot size of 538 E Merrill St is 3,528 square feet.

Off market
538 E Merrill St Indianapolis, IN 46203
$85,000 Listing Price
3 Beds
1,032 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1920
  • Purchase Price: $117,000
  • Open Loans / Balance: 1 / $82,562
  • Est. Equity / %: $118,438 / 58.92%
  • Gross Yield: 5.881%
  • APN: 49-11-12-114-015.000-101
  • Situs County: Marion
  • Length Of Ownership: 8 years, 5 months

Rooms

  • Bedrooms: 3
  • Total Rooms: 6

Structure

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

Measurements

  • Total: 1,032/SqFt
  • Lot: 3,528/SqFt
  • Gross: 2,064/SqFt
  • Living: 1,032/SqFt
  • Basement: 1,032/SqFt
  • Building: 2,064/SqFt
  • Ground: 1,032/SqFt
  • Price Per Square Foot: $113.37

Legal Description

  • Description: DOWNEYS 2ND SUB L22 OL102
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: 39.75888 / -86.148224
  • Subdivision: Downeys 2nd Sub
  • Property Class: Residential
  • Zoning: ZO01
  • County Use Code: 510

Amenities

  • Plus Four: 1724
  • Cooling: None
  • Heating: Central

Ownership Info

538 E Merrill St has no associated ownership info
538 E Merrill St has no associated ownership info.

Taxes

538 E Merrill St has 10 associated Taxes items

538 E Merrill 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 $136,400. The APN we've located for 538 E Merrill St is 49-11-12-114-015.000-101.

Unlock the full report
Taxes
  • Assessed Value:  $136,400
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-11-12-114-015.000-101
  • Assessed Land Value:  42800
  • Market Land Value:  42800
  • Tax Amount:  1276.92
  • Tax Year:  2024
  • Market Value:  136400
  • Market Year:  2025

Tax History

538 E Merrill St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $136,400 Land Value $42,800 Improvement Value $93,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,276.92 Change Rate +0.026826% Assessed CR Tax Rate
Year 2023 Assessed Value $120,000 Land Value $42,800 Improvement Value $77,200 Tax Amount $1,243.56 Change Rate -0.070625% Assessed CR Tax Rate +0.010363%
Year 2022 Assessed Value $137,200 Land Value $42,800 Improvement Value $94,400 Tax Amount $1,338.06 Change Rate +0.110147% Assessed CR Tax Rate +0.009753%
Year 2021 Assessed Value $105,200 Land Value $22,100 Improvement Value $83,100 Tax Amount $1,205.3 Change Rate +0.201168% Assessed CR Tax Rate +0.011457%
Year 2020 Assessed Value $98,300 Land Value $22,100 Improvement Value $76,200 Tax Amount $1,003.44 Change Rate +0.024378% Assessed CR Tax Rate +0.010208%
Year 2019 Assessed Value $96,200 Land Value $22,100 Improvement Value $74,100 Tax Amount $979.56 Change Rate +0.049251% Assessed CR Tax Rate +0.010183%
Year 2018 Assessed Value $89,200 Land Value $22,100 Improvement Value $67,100 Tax Amount $933.58 Change Rate -0.502144% Assessed CR Tax Rate +0.010466%
Year 2017 Assessed Value $85,400 Land Value $22,100 Improvement Value $63,300 Tax Amount $1,875.2 Change Rate +0.013578% Assessed CR Tax Rate +0.021958%
Year 2016 Assessed Value $82,100 Land Value $22,100 Improvement Value $60,000 Tax Amount $1,850.08 Change Rate -0.176432% Assessed CR Tax Rate +0.022534%
Year 2014 Assessed Value $103,900 Land Value $22,100 Improvement Value $81,800 Tax Amount $2,246.42 Change Rate +1.387472% Assessed CR Tax Rate +0.021621%
Year 2013 Assessed Value $96,200 Land Value $22,100 Improvement Value $74,100 Tax Amount $940.92 Change Rate Assessed CR Tax Rate +0.009781%