5062 W 16th St, Speedway, IN 46224

3 beds1.5 baths1,542 sqft Edit

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Sold on 11/06/14
Zestimate®: $125,402
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

Charming brick bungalow in the Old Speedway City Neighborhood Historic Area. Original hardwood floors & woodwork. Living room features a fireplace with bookcases built-in either side.. Two bedrooms on main level, with upper level a bedroom and sitting room. Breakfast nook in kitchen. Toilet and sink in the 3/4 basement. New roof, spring 2013. Walk to excellent Speedway schools, church and the Indianapolis Motor Speedway. Enclosed front porch extends the space available. Corner lot. On a bus line. Gas water heater replaced within the last two years. Furnace replaced within the last 10 years. Good race parking revenue with repeat customers. This home is now being offered thru Choate Realty, but Zillow does not allow that option if you originally list it yourself here. Please call Lori at 317-313-3544 and tell her you saw it on Zillow as a FSBO.
Find out more about this Speedway bungalow and others in the neighborhood by clicking here: https://www.youtube.com/watch?v=1lNEfjWlr3Y
Neighborhood Description
Safe, and close to everything. Walk to Fisher Elementary and Speedway Junior High School--both highly rated Town of Speedway Schools. New Sidewalks and sewers recently installed. Speedway United Methodist Church across the street. Located in the oldest part of Speedway, this home contributed to the number of original dwellings necessary to obtain historic recognition for the area, but the designation is purely honorary, building alterations are not affected.

What I love about the home

Original glass doorknobs in many rooms. Arch dividing living room and dining room. Spice cabinet! Arch in bathroom. Door between back entry and kitchen. Fenced back yard. Garage door opener. Lots of storage.
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  • Lot: 7,279 sqft
  • Single Family
  • Built in 1929
  • Views: 3,580 all time views
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Nov 2014


  • Barbecue
  • Ceiling Fan
  • Fenced Yard
  • Fireplace
  • Flooring: Hardwood
  • Lawn
  • Parking: Garage - Detached, 360 sqft
  • Unfinished basement

Additional Features

  • Taxes approx. $1
  • 400/yr (owner occupied)

Appliances Included

  • Dishwasher
  • Dryer
  • Garbage disposal
  • Range / Oven
  • Refrigerator
  • Washer

Room Types

  • Breakfast nook
  • Dining room


  • Exterior material: Brick, Stucco
  • Roof type: Asphalt
  • Room count: 8
  • Stories: 2
  • Structure type: Bungalow
  • Unit count: 1


  • Floor size: 1,542 sqft
  • Heating: Gas
  • Last remodel year: 1929
  • Laundry: In Unit
  • Lot depth: 140 ft
  • Lot width: 52 ft
  • Parcel #: 490631103125000914
  • Zillow Home ID: 1281845

Zestimate Details

A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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+$2,995 Last 30 days
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
+$3 Last 30 days
Zestimate range

Improve This Home's Value

The right home project can make a significant impact to your home value! Compare average project costs in your area with estimated increases to your home value.

The return values below are estimates based on the region, home facts, and past sales data. Your situation may vary based on current finish level of the room, changing style trends, depreciation, and how much of the project budget is invested in structural changes vs. functional/cosmetic improvements.

Deck Addition

Mid-Range Bathroom Remodel

Mid-Range Minor Kitchen Remodel

  • Mid-Range Minor Kitchen Remodel

  • + 13.9K VALUE
  • Project cost: $19,503
  • See kitchen ideas

Popularity on Zillow

If this home is listed on Zillow, it will reach the largest real estate network on the web.*
3,580 all-time views
of this home (chart)
105 forecasted views of this home
in the first 7 days after listing for sale

Comparable Homes

Homes like this sold for $122K.



Neighborhood: 46224

Zillow predicts 46224 home values will rise 3.2% next year, compared to a 1.6% rise for Speedway as a whole.

Foreclosures will be a factor impacting home values in the next several years. In 46224, the number of foreclosures waiting to be sold is 189.7% higher than in Speedway, and 7.6% greater than the national average. This higher local number may prevent 46224 home values from rising as quickly as other regions in Speedway.  read more Less 


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    Nearby Schools in Speedway

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org