NOT LISTED FOR SALE

Estimated Value: $488,000 - $1,450,174

2 Beds
1.5 Baths
2,068 Sq Ft
$529/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $400,000 $193 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $6,051/month

3 Days on Market

Highlights

  • Mature Trees
  • Traditional Architecture
  • 1-Story Property
  • Carmel Elementary School Rated A
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2022

Don't miss this great investment opportunity in a highly sought-after redevelopment area in Carmel! With a large lot and mature trees, this property is just waiting for you to build your dream home! You can't ask for a better location - just an easy walk to the Monon Trail, The Palladium, all the fun at Midtown, and the Arts District. This will not last!

Last Agent to Sell the Property

Derek Gutting

Keller Williams Indpls Metro N Listed on: 09/02/2022

Keller Williams Indpls Metro N

Co-Listed By

Craig Dollens

Keller Williams Indpls Metro N

Last Buyer's Agent

Kimmie Chang

Best Value Realty LLC

Best Value Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $966

Year Built

  • Built in 1946

Lot Details

  • 0.51 Acre Lot
  • Mature Trees

Parking

  • 1 Car Attached Garage

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2,068 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Attic Access Panel
  • Fire and Smoke Detector
  • Unfinished Basement

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Newark Subdivision

Listing and Financial Details

  • Assessor Parcel Number 291031102032000018

Home Details

Home Type

Single Family

Est. Annual Taxes

$966

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1946
  • Building Area Total: 2068
  • Co List Office Phone: 317-846-6300
  • Garage Y N: Yes
  • Lot Size Acres: 0.51
  • Subdivision Name: NEWARK
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • MBR_AttributionContact: derek@guttinggroup.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Interior Amenities: Attic Access
  • Other Equipment: Smoke Detector
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 1034
  • Main Level Sq Ft: 1034
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Below Grade Sq Ft: 1034
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Not Applicable
  • Foundation Details: Block
  • List Price: 325000
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Garage Spaces: 1
  • Fuel: Electric
  • Garage Parking Description: Attached
  • Garage Sq Ft: 540

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Water Heater: No Water Heater

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 291031102032000018
  • Acres: 1/2-1 Acre
  • Lot Information: Tree Mature
  • Lot Number: 122
  • Lot Size: 22232

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 966
  • Semi Annual Property Tax Amt: 483
  • Tax Exemption: None

MLS Schools

  • School District: Carmel Clay Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2024
Sold by
Drees Homes and Drees Premier Homes Inc
Bought by
Weng Zhenyu and Chen Shuiying
Current Estimated Value
$1,094,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Outstanding Balance
$655,064
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$439,230

Purchase Details

Closed on
Aug 22, 2023
Sold by
Weng Zhen Yu and Chen Shuiying
Bought by
Drees Premier Homes Inc

Purchase Details

Listed on
Sep 2, 2022
Closed on
Sep 26, 2022
Sold by
Clear Angela M
Bought by
Weng Zhen Yu and Chen Shuiying
Seller's Agent
Derek Gutting
Keller Williams Indpls Metro N
Buyer's Agent
Kimmie Chang
Best Value Realty LLC
List Price
$325,000
Sold Price
$400,000
Premium/Discount to List
$75,000
23.08%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.24%

Purchase Details

Closed on
Jul 11, 2022
Sold by
Shea Paul Eugene
Bought by
Clear Angela M and Shea David W
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weng Zhenyu $1,386,901 First American Title
Drees Premier Homes Inc $400,000 First American Title
Weng Zhen Yu $400,000 Chicago Title
Clear Angela M -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weng Zhenyu $665,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2022 09/23/22 Sold $400,000 +23.1% $193 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
09/02/2022 09/02/22 For Sale $325,000 -- $157 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,988 $550,500 $179,200 $371,300
2023 $2,968 $145,500 $70,100 $75,400
2022 $2,875 $128,800 $53,400 $75,400
2021 $967 $118,800 $53,400 $65,400
2020 $967 $118,800 $53,400 $65,400
2019 $1,002 $108,200 $39,400 $68,800
2018 $958 $122,000 $39,400 $82,600
2017 $940 $120,900 $39,400 $81,500
2016 $967 $119,600 $39,400 $80,200
2014 $870 $118,000 $39,400 $78,600
2013 $870 $113,100 $39,400 $73,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21881072

MIBOR Broker Listing Cooperative®

APN: 29-10-31-102-032.000-018