1244 Talbot street property tax appeal notes.
Property sold for $7000 in August 2013.
Property had been listed at 15,000, got zero offers in __ months, price reduced to 7000.
- Baths1 Bath
- Lot Size4,783 Sq Ft Lot
- Price-
- Stories2
- Garage-
- Cooling-
- ConstructionWood Frame
- Year Renovated1900
- RoofingAsphalt
Tax History
Find assessor information on the county website
| Year | Property taxes | Change | Tax assessment | Change |
|---|---|---|---|---|
| more | ||||
| 2011 | $810 | -2.4% | $38,700 | -- |
| 2010 | $829 | -28.5% | $38,700 | -- |
| 2009 | $1,160 | 1.0% | $38,700 | -5.6% |
Read more on REALTOR.com: 1244 S Talbott St, Indianapolis, IN 46225 - Home For Sale and Real Estate Listing - realtor.com® http://www.realtor.com/realestateandhomes-detail/1244-S-Talbott-St_Indianapolis_IN_46225_M33969-14943#ixzz2ZEpacziq
assessed price is 5 1/2 times the sales price. assessed price reflects fair market value transaction.
factors:
1. property is 50 feet from a train track, making at an undesireable location for residential use.
2 at least 4 of the houses on this block are boarded up and vacant.
3 the house, built 113 years ago, is fully depreciated. original construction cost is unknown. replacement contruction cost might be $40,000, with 90% depreciation = 4000 plus land value and salvage value.
4 lot is 33 feet, i think, maybe 30, too small for residential use. functionally obsolete. highest and best use is probably as a side yard to the adjacent house or as offstreet parking. land value for parking or side yard about $1000.
5 when listed at $15,000, attracted no offers.
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form fro property tax appeal
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