NOT LISTED FOR SALE

1023 E Raymond St Indianapolis, IN 46203

Garfield Park Neighborhood

Estimated Value: $144,000 - $259,000

6 Beds
1 Bath
1,238 Sq Ft
$157/Sq Ft Est. Value

Last Sold September 24, 2018

Last sale price $89,000 $72 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,251/month

28 Days on Market

About This Home

As of September 2018

SUPER TRIPLEX ON STEROIDS! This one just keeps on making money for the owner month after month! Seller hates to part with it! 3 units fully occupied with 2 tenants paying 689 per month each and one tenant paying 499 per month. Owner pays for all utilities and makes a great return each month. Unit 1 lease runs from 11/9/2017 to 11/30/2018, Unit 2 lease started 12/1/2017 to 11/30/2018, Unit 3 runs from 11/1/2017 through 10/21/2018.

Last Agent to Sell the Property

Charlene Gaard

No Limit Real Estate, LLC License #RB14033327 Listed on: 07/19/2018

Last Buyer's Agent

Timothy Nolan

RE/MAX At The Crossing License #RB17000413

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,198

Year Built

  • Built in 1905

Lot Details

  • 5,227

Home Design

  • Triplex
  • Traditional Architecture
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 5,227 Sq Ft Lot

Community Details

  • Metzger Garfield Park Subdivision

Listing and Financial Details

  • Tenant pays for noutil
  • The owner pays for insurance, all utilities
  • Assessor Parcel Number 491124117086000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,198

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TradAmer, Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1905
  • Lot Size Acres: 0.12
  • Structure Type: Triplex
  • Subdivision Name: METZGER GARFIELD PARK
  • Inspection Warranties: Other
  • Property Description: SUPER TRIPLEX ON STEROIDS! This one just keeps on making money for the owner month after month! Seller hates to part with it! 3 units fully occupied with 2 tenants paying 689 per month each and one tenant paying 499 per month. Owner pays for all utilities and makes a great return each month. Unit 1 lease runs from 11/9/2017 to 11/30/2018, Unit 2 lease started 12/1/2017 to 11/30/2018, Unit 3 runs from 11/1/2017 through 10/21/2018.
  • Transaction Type: Sale
  • Unit Count: 3
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Insurance, All Utilities
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable

Garage/Parking

  • Unit Parking: Paved Area,Other

Utilities

  • Solid Waste: 1

Lot Info

  • Parcel Number: 491124117086000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Sidewalks
  • Lot Number: 79
  • Lot Size: 40x132

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NoUtil

Multi Family

  • Net Operating Income: 12634

Tax Info

  • Tax Annual Amount: 1198
  • Semi Annual Property Tax Amt: 599
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2020
Sold by
Urquhart Kenne and Urquhart Latrice C
Bought by
Urquhart Group Llc
Current Estimated Value
$194,200

Purchase Details

Listed on
Jul 19, 2018
Closed on
Sep 14, 2018
Sold by
Frank Gilbert V
Bought by
Urquhart Keene and Urquhart Latrice C
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Timothy Nolan
RE/MAX At The Crossing
List Price
$89,000
Sold Price
$89,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.30%
Original Mortgage
$67,425
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 7, 2016
Closed on
Dec 1, 2016
Sold by
Pigg Steve A
Bought by
Frank Gilbert V
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Charlene Gaard
No Limit Real Estate, LLC
List Price
$60,000
Sold Price
$61,000
Premium/Discount to List
$1,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.64%

Purchase Details

Closed on
Feb 1, 2008
Sold by
Lewis Michael E and Lewis Evonne
Bought by
Pigg Steve A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Urquhart Group Llc -- None Available
Urquhart Keene $89,900 Stewart Title
Frank Gilbert V -- None Available
Pigg Steve A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Urquhart Keene $67,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2018 09/24/18 Sold $89,000 0.0% $72 / Sq Ft
08/16/2018 08/16/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $89,000 +45.9% $72 / Sq Ft
12/12/2016 12/12/16 Sold $61,000 0.0% $49 / Sq Ft View Prior Sale
09/30/2016 09/30/16 Pending -- -- --
09/23/2016 09/23/16 Off Market $61,000 -- --
07/07/2016 07/07/16 For Sale $60,000 -- $48 / 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 $2,814 $134,200 $24,000 $110,200
2023 $2,814 $128,000 $24,000 $104,000
2022 $2,800 $113,600 $24,000 $89,600
2021 $2,566 $106,200 $24,000 $82,200
2020 $2,412 $99,200 $24,000 $75,200
2019 $2,228 $89,600 $13,800 $75,800
2018 $1,531 $59,600 $13,800 $45,800
2017 $1,306 $56,400 $13,800 $42,600
2016 $1,217 $53,400 $13,800 $39,600
2014 $1,098 $50,800 $13,800 $37,000
2013 $1,133 $50,800 $13,800 $37,000
Source: Public Records

Agents Affiliated with this Home

  • Charlene Gaard

    Seller's Agent in 2018

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    2 in this area

    250 Total Sales

    Charlene Gaard
    Section Image

  • T

    Buyer's Agent in 2018

    Timothy Nolan

    RE/MAX

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21582055

MIBOR Broker Listing Cooperative®

APN: 49-11-24-117-086.000-101

Indiana Marion County Indianapolis 46203 Garfield Park

1023 E Raymond St, Indianapolis, IN

Not Listed for Sale

MultiFamily

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