505 Mercer Ave
Decatur, IN 46733
3 bd 2 ba 1,999 sqft Built 1875 Lot 6,098 sqft single_family
Most recent sale
$150,000
Dec 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 2, 2022 | Sold | $150,000 | IRMLS |
| Sep 19, 2022 | Price changed | $154,900 | MLS #202236383 |
| Aug 31, 2022 | Listed | $164,900 | MLS #202236383 |
| Jul 22, 2022 | Listing removed | $184,900 | IRMLS |
| May 17, 2022 | Price changed | $184,900 | MLS #202214112 |
| Apr 21, 2022 | Listed | $194,900 | MLS #202214112 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $83,000 | $12,700 | $95,700 | $818 |
| 2022 | $85,700 | $12,700 | $98,400 | $792 |
| 2021 | $78,300 | $12,200 | $90,500 | $164 |
| 2020 | $67,000 | $12,200 | $79,200 | $161 |
| 2018 | $65,400 | $12,200 | $77,600 | $220 |
| 2017 | $64,100 | $11,000 | $75,100 | $516 |
| 2016 | $64,400 | $11,000 | $75,400 | $456 |
| 2015 | $64,400 | $11,000 | $75,400 | $469 |
| 2014 | $64,400 | $11,000 | $75,400 | $426 |
| 2013 | $65,200 | $11,000 | $76,200 | $588 |
| 2012 | $62,400 | $11,000 | $73,400 | $494 |
| 2011 | $61,700 | $11,000 | $72,700 | $525 |
| 2010 | $62,100 | $11,000 | $73,100 | $449 |
| 2009 | $55,100 | $11,000 | $66,100 | $429 |
| 2007 | $54,100 | $11,000 | $65,100 | $668 |
Property facts
Year built
1875
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,999 sqft
Lot size
6,098 sqft
ZIP code
46733
City
Decatur
Street
Mercer Ave
Coordinates
40.82455, -84.91979
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$900
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 505 Mercer Ave last sell?
505 Mercer Ave most recently sold on Dec 2, 2022 for $150,000.
What is the current tax assessment for 505 Mercer Ave?
The most recent total assessment for 505 Mercer Ave (year 2024) is $95,700 with $818 in property tax.
How does 505 Mercer Ave's assessment compare to its last sale price?
The current assessment is 36.2% below the last sale price of $150,000.
When was 505 Mercer Ave built?
505 Mercer Ave was built in 1875.
How does 505 Mercer Ave compare to others on Mercer Ave?
We track 8 other properties on Mercer Ave. Browse the list under "Other properties on Mercer Ave" to compare beds, baths, and sale history.
What are the property facts for 505 Mercer Ave?
505 Mercer Ave is a 3 bed, 2 bath, 1,999 sqft, 6,098 sqft lot single_family.
Is 505 Mercer Ave a flip candidate?
No — 505 Mercer Ave does not appear in our flips dataset.
Is 505 Mercer Ave a tax-appeal candidate?
No — 505 Mercer Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.2%
Implied 1-yr
+20.7%
2026 Q3
$310.8K
2026 Q4
$322.9K
ZIP 46733 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Mercer Ave