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6041 Dewey Ave
Score
56
Indianapolis, IN

6041 Dewey Ave

225K
2 bd • 2 ba • 2,152 sf

This analysis was generated on 4/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$224,900
+32%vs 46219
Price/Sq.Ft
$105
+3%vs 46219
Above Fair Value
4.7% above range

Current Price

$224,900

Fair Range

$209,900 - $214,900

$224,900
Below Market-20%
Above Market+20%

Negotiation Leverage

2 points to consider in your offer

Recommended Offer

$209,900
Success Probability:High(65%)

AI Rationale

The offer reflects the cost of necessary renovations and the property's condition. The seller's price reduction and average DOM suggest motivation.

Overall Score
56
72
Home Condition
75
Natural Light
42
Value
58
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Outdated Kitchen
Outdated Kitchen

Outdated Kitchen

The kitchen cabinets and countertops are dated and worn.

Low Exposed Beams
Low Exposed Beams

Low Exposed Beams

The exposed beams are low and could be a hazard.

Painted Brick
Painted Brick

Painted Brick

The exterior brick on the front porch is painted and could use some updating.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$15,000

Kitchen Renovation

$15,000
High

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Jul
2021
$175,000Financed
July 9, 2021
From:Jenna Nicole Shaffer
To:Jeremiah F Burke, Brooke L Burke
Warranty Deed
Standard Sale (Purchase/Resales)

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$224,900
-30%List: $224,900+30%
20%
$44,980of $224,900
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$60,612
Closing Costs
+$15,632
Down Payment
$44,980
Buyer Agent Fee
$5,735
Loan Fees
$1,799
Title & Escrow
$1,350
Inspections
$900
Transfer Tax
$2,474
Prepaid Expenses
$3,374

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
0 days
vs 39 day average
This is a new listing, while homes in this area typically sell in 39 days
Inventory Health
67
homes for sale
46 homes sold last month, indicating 1.5x more supply than demand
Price Dynamics
96.8%
of asking price
Homes typically sell for 3.2% below asking price

Price Trajectory

$191,200
Current median price
-18.9%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is cooling
Prices are down 2.9% over the last 3 months
3 Months
-2.9%
6 Months
-9.0%
1 Year
-18.9%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market increasing 350.0% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$191,200
3 Months Ago
$119,950
+59.4%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$224,900
Price/sqft
$105
Layout
2 bd2 ba
NaN

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$290,333

22.5%

Your price is 22.5% below average

Median Price

$326,000

31.0%

Based on 6 recent sales

Price per Sq.Ft

$137

23.7%

Your price is 23.7% below average $/sqft

Comparable Properties

5210 E Pleasant Run Parkway North Drive, Indianapolis, IN 46219
Price: $346,500
Sq.Ft: 2,080
Beds/Baths: 3/2
$/Sq.Ft:
$16759.4%
Sale Date: 2/28/2025
726 N Graham Avenue, Indianapolis, IN 46219
Price: $281,000
Sq.Ft: 2,121
Beds/Baths: 3/2
$/Sq.Ft:
$13226.8%
Sale Date: 2/12/2025
929 N Audubon Road, Indianapolis, IN 46219
Price: $336,000
Sq.Ft: 2,310
Beds/Baths: 3/2
$/Sq.Ft:
$14539.2%
Sale Date: 2/11/2025
44 S Bolton Avenue, Indianapolis, IN 46219
Price: $142,500
Sq.Ft: 1,782
Beds/Baths: 3/2
$/Sq.Ft:
$8023.5%
Sale Date: 3/10/2025
819 Lesley Avenue, Indianapolis, IN 46219
Price: $326,000
Sq.Ft: 2,380
Beds/Baths: 3/2
$/Sq.Ft:
$13731.1%
Sale Date: 1/24/2025
127 S Butler Avenue, Indianapolis, IN 46219
Price: $310,000
Sq.Ft: 1,918
Beds/Baths: 3/2
$/Sq.Ft:
$16254.7%
Sale Date: 1/23/2025

Schools

Nearby school quality by education level

Elementary

3.0/10
Below Average

High

1.0/10
Below Average

Neighborhood Mobility

How easily you can get around with or without a car

Scores are out of 100. Higher scores indicate better accessibility. Data provided by Walk Score®.

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 3 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect the rear extension (primary bedroom/bath) for any signs of water damage, especially around windows and where the extension joins the original structure.

Inspect the attic for proper ventilation, insulation levels, and any signs of leaks or pest infestation.

Inspect the foundation for cracks, settling, or signs of water intrusion, especially given the moderate flood risk.

Questions to Ask

Important questions to ask during the tour

Can you provide any documentation or permits related to the rear extension for the primary bedroom and bathroom?

Has the property ever experienced any flooding or water damage, and if so, what remediation measures were taken?

Were there any issues noted during the recent deck refinishing that might affect its structural integrity?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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