226 E Pendleton Ave, Lapel, IN 46051 Property Records

Madison County property record for 226 E Pendleton Ave, Lapel, IN 46051 · Last verified July 2026

Property Highlights

Property Type	Commercial > Retail > Retail Stores (Personal Services, Photography, Travel)
Year Built	Built 1947
Square Footage	1,770 sqft Total Area
Lot Size	5,576 sqft (0.128 acres)
Last Sale	$260,015 (2023)
Tax Bill	$3,798.00 (2025)

Property Details

APN / Parcel Number

Primary APN	`48-10-28-401-086.000-032`
Alternative APNs	`00001330396` `31999`

Interior

Building Area	1,770 sqft Total Area
1st Floor	1,770 sqft 1st Floor
Stories	1 Stories

Exterior

Year Built	Built 1947
Effective Year Built	Effective 1947
Construction Type	Wood Construction
Fire Resistance Class	Buildings having wood or wood and steel frames.
Lot Area	5,576 sqft (0.128 acres)

Location & Zoning

Account Number	00001330396
Street Address	226 E PENDLETON AVE
City	LAPEL
State	IN
Zip	46051-5546
Property Usage	Commercial Property Usage
Type	Commercial > Retail > Retail Stores (Personal Services, Photography, Travel)
Legal Description	WOODWARDS 2ND EXC SE COR L 57 (0.128AC)
Legal Subdivision	WILLIAM WOODWARDS SECOND ADDITION
Jurisdiction	MADISON IN
Minor Civil Division	STONY CREEK
Census Blockgroup	3
Census Block	3045
Census Tract	11100

Owner

Source: Madison County records · APN 48-10-28-401-086.000-032

Assessment roll updated June 23, 2026 · Last verified July 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	8310 ALLISON POINTE BLVD, INDIANAPOLIS, IN 46250-1981
Owner Type	Owner is a Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Aug 18, 2023	Deed of Trust, Mortgage · Commercial Mortgage FARMERS BANK
Aug 17, 2023	Warranty Deed, Transfer SURITY TITLE, SECURITY TITLE
Jun 15, 2020	Warranty Deed, Transfer

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Aug 17, 2023 · Amount on Record
Deed Sale	Aug 17, 2023 · Amount on Record
Prior Sale	Jun 15, 2020 · Amount on Record
Deed Doc Number	202311493
Prior Transfer Date	Nov 16, 2005
Prior Transfer Doc	2005026910
Record Refreshed	Sep 20, 2026

August 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MADISON IN
Property Address	226 E PENDLETON AVE, LAPEL, IN 46051-5546
Transaction Type	Mortgage
Record Updated	Sep 07, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2023R11555
Date	Aug 18, 2023
Instrument	2023R11555

Lender

Name	FARMERS BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	300 Months
Due	Aug 17, 2048

Interest

Rate Type	Adjustable Rate

August 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MADISON IN
Recording Date	Aug 17, 2023
Property Address	226 E PENDLETON AVE, LAPEL, IN 46051-5546
Document Number	2023R11493
Map Reference	BK 3 PG 69
Instrument Date	Sep 23, 2022
Instrument	2023R11493
Transaction Type	Transfer
Record Updated	Sep 07, 2023
Title Company	SURITY TITLE, SECURITY TITLE

Transaction

Tax	$0.00
Additional	Arms Length Transaction

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	8310 ALLISON POINTE BLVD STE 204, 204, INDIANAPOLIS, IN 46250-1998

June 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MADISON IN
Recording Date	Jun 15, 2020
Property Address	226 E PENDLETON AVE, LAPEL, IN 46051-5546
Document Number	2020R08146
Map Reference	PB 3 PG 69
Instrument Date	Mar 19, 2020
Instrument	2020R08146
Transaction Type	Transfer
Record Updated	Aug 08, 2022

Transaction

Amount	Amount Recorded
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arms Length Transaction

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	100 N SENATE AVE RM N642, N642, INDIANAPOLIS, IN 46204-2216
Investor	Possibly a Property Investor

Tax Assessment & Valuation

Source: Madison County records · Assessment roll updated June 23, 2026 · Last verified July 2026

Property Jurisdictions

Type	Name
State	Indiana
County	Madison County
County Subdivision	Stony Creek Township
Municipality	Lapel Town
Unified School District	Frankton-Lapel Community Schools (PK - 12)

Tax Bill & Assessment History

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$3,798.00 (+28.53%)	$126,600 (+235.81%) Land $16,100 Building $110,500	$126,600 (+235.81%) Land $16,100 Building $110,500
2024	$2,955.00 (+173.11%)
2023		$37,700 (+4.14%) Land $6,400 Building $31,300	$37,700 (+4.14%) Land $6,400 Building $31,300
2022	$1,082.00	$36,200 Land $6,400 Building $29,800	$36,200 Land $6,400 Building $29,800

226 E Pendleton Ave, Lapel, IN 46051 Property Records

Property Highlights

Property Details

APN / Parcel Number

Interior

Exterior

Location & Zoning

Owner

Deeds, Mortgages & Sale History

Assessor's Deed Record

August 2023: Deed of Trust, Mortgage

Transferred To (Grantee/Buyer)

Mortgage

Lender

Agreement

Interest

August 2023: Warranty Deed, Transfer

Transaction

Transferred From (Grantor/Seller)

Transferred To (Grantee/Buyer)

June 2020: Warranty Deed, Transfer

Transaction

Transferred From (Grantor/Seller)

Transferred To (Grantee/Buyer)

Tax Assessment & Valuation

Property Jurisdictions

Tax Bill & Assessment History

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