8 days on rocket

741 N Somerset Ave, Indianapolis, IN, 46222

$198,500

Home List Price

$2,357*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,084 SqFt
$183/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

741 N Somerset Ave, Indianapolis$198,500

Buyer Closing Credits

$2,357*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Year Built1953
HeatingElectric
CoolingCentral Air
MLS #22012850
Lot Size0.10 Acres
StatusActive

About 741 N Somerset Ave

One of a kind, open floor plan offers 3bed/3bath filled with natural light & modern updates. Laundry room flows into kitchen or hall with a storage/bench for organization. Backyard patio offers huge deck for entertaining with spacious room for 2-3 cars. Come check out your next home, close to downtown, airport & a great community!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1953
  • Living Area: 1,084 SqFt

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Email: charmaine.sanders@exprealty.com
  • Listing Agent: Charmaine Sanders

Interior Features

Interior Information:

  • Appliances: Gas Oven
  • Basement: No
  • Interior: Eat-in Kitchen

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $198,500
  • Price Per SqFt: $183/SqFt

Tax Information:

  • Annual Amount: $277
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

Med. Sold Price

$248.1K

Med. Price/SqFt

$140

Avg. Days On Market

36

# of Sold Homes

830

741 N Somerset Ave vs Indianapolis

8 DAYS ON ROCKET

-28 Days

$198,500

-$49.6K Less

$183/SqFt

+$43 More

KEY TAKEAWAY

This property is $49.6K less than the Median Sold Price and $43/SqFt more than other homes in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #22012850

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Email: charmaine.sanders@exprealty.com
  • Listing Agent: Charmaine Sanders

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to helpdesk@miborsupport.com and DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 10:46:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$277$39,600
2019$914$36,500
2018$814$35,100
2017$906$34,700

History based on county public records data.

Payment Calculator

$1,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$662

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3805752
5
/10
  • Allegiant Preparatory Academy

  • 3125 Concord Ct Ste B

  • 0.55 miles

  • Public Charter Grades KG-3

school-card-donut-3805753
4
/10
  • Ernie Pyle Magnet Elementary School 90

  • 3351 W 18th St

  • 0.89 miles

  • Public District Grades PK-6

school-card-donut-3805754
7
/10
  • Carl G. Fisher Elementary School

  • 5151 W 14th St

  • 1.46 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,232. Residents of Indianapolis, IN typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 741 N Somerset Ave

What is the listing price of this property?

The listing price of 741 N Somerset Ave property is $198,500.

What type of property is this?

The property 741 N Somerset Ave is a house located in Indianapolis, Indiana, 46222.

Is this property for sale now?

Active Listing: 741 N Somerset Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $277 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 741 N Somerset Ave has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 741 N Somerset Ave is 1,084 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 741 N Somerset Ave is 1953.

Rocket HomesIndianaMarion CountyIndianapolis46222741 N Somerset Ave

This home is located at 741 N Somerset Ave in Indianapolis, IN and zip code 46222 in the Near Westside neighborhood. This 1,084 square foot home, which was built in 1953, sits on a 0.10 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $198,500.

Over 170 listings were sold over their listed price in November 2024 in Indianapolis, IN. In the same period over 429 listings were sold below the listed price and 231 listings were sold for the listed price. The inventory of homes for sale in Indianapolis, IN between October 2024 and November 2024 decreased by 5.8%. Listings spent 36 days on the market in November 2024, and had a median list price of $248,146 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources