NOT LISTED FOR SALE

1040 E 108th St Indianapolis, IN 46280

Downtown Carmel Neighborhood

Estimated Value: $318,000 - $406,000

0.7 Acre
$543,240 Price per Acre
30,492 Sq Ft Lot

Last Sold December 05, 2023

Last sale price $340,396 $284 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,081/month

19 Days on Market

About This Lot

As of December 2023

All three lots are being sold together. This is a rare opportunity to have three adjacent lots in Carmel that are permitted to have duplexes or single family homes. There has even been an approved variance to allow the duplexes to have a minimum ground floor square footage of 525 square feet per unit (reduced from 700). All utilities are either on site or across the street. This is a turnkey opportunity to build you own real estate investment opportunity.

Last Agent to Sell the Property

David Klain

DB Realty Group, LLC Brokerage Email: david@dbrealtygroup.com License #RB14034585 Listed on: 08/17/2023

Last Buyer's Agent

Sandy Thomas

Highgarden Real Estate

Highgarden Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,144

Lot Details

  • 0.7 Acre Lot

Community Details

  • Home Place Subdivision

Listing and Financial Details

  • Tax Lot 221, 222, 223
  • Assessor Parcel Number 291301303023000018

Property Details

Property Type

Land

Est. Annual Taxes

$1,144

Lot Details

0

Listing Details

  • Type: Dbl Duplex
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2023
  • Lot Size Acres: 0.7
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Home Place
  • Transaction Type: Sale
  • MBR_AttributionContact: david@dbrealtygroup.com
  • Attribution Contact: david@dbrealtygroup.com
  • Special Features: None

Exterior Features

  • List Price: 345000
  • Other Structures: Not Applicable
  • Topography: Varied
  • Road Access: Not Applic
  • Water: Municipal Water Near By,Municipal Water on Site

Utilities

  • Sewer: Municipal Sewer Near, Municipal Sewer On Site
  • Solid Waste: No

Lot Info

  • Development Status: NoStatus
  • Lot Size Sq Ft: 30492
  • Number Of Lots: 3
  • Parcel Number: 291301303023000018
  • Zoning: R3
  • Acres: 1/2-1 Acre
  • Land Characteristics: City
  • Present Zoning: Other
  • Price Acre: 486280
  • Soil Type: Other
  • Divisible: Yes

Tax Info

  • Tax Annual Amount: 1144
  • Tax Lot: 221, 222, 223
  • Semi Annual Property Tax Amt: 572

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2023
Closed on
Nov 29, 2023
Sold by
Brason Properties Llc
Bought by
Hamilton County Area Neighborhood Development
Seller's Agent
David Klain
DB Realty Group, LLC
Buyer's Agent
Sandy Thomas
Highgarden Real Estate
List Price
$345,000
Sold Price
$340,396
Premium/Discount to List
-$4,604
-1.33%
Views
27
Current Estimated Value
$380,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,872
Avg. Annual Appreciation
6.10%

Purchase Details

Listed on
Aug 17, 2023
Closed on
Nov 28, 2023
Sold by
Brason Properties Llc
Bought by
Hamilton County Area Neighborhood Development
Seller's Agent
David Klain
DB Realty Group, LLC
Buyer's Agent
Sandy Thomas
Highgarden Real Estate
List Price
$345,000
Sold Price
$340,396
Premium/Discount to List
-$4,604
-1.33%
Views
27

Purchase Details

Listed on
Mar 16, 2022
Closed on
Jun 15, 2022
Sold by
Lowell Leisure Robert
Bought by
Brason Properties Llc
Seller's Agent
Kennecia Edwards
Gold Street Realty, LLC
Buyer's Agent
David Klain
DB Realty Group, LLC
List Price
$299,999
Sold Price
$250,000
Premium/Discount to List
-$49,999
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.36%

Purchase Details

Listed on
Mar 16, 2022
Closed on
Jun 14, 2022
Sold by
Leisure Robert Lowell
Bought by
Brason Properties Llc
Seller's Agent
Kennecia Edwards
Gold Street Realty, LLC
Buyer's Agent
David Klain
DB Realty Group, LLC
List Price
$299,999
Sold Price
$250,000
Premium/Discount to List
-$49,999
-16.67%
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
Hamilton County Area Neighborhood Development -- None Listed On Document
Hamilton County Area Neighborhood Development $340,396 None Listed On Document
Brason Properties Llc -- Drake Andrew R
Brason Properties Llc $250,000 Drake Andrew R
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/05/2023 12/05/23 Sold $340,396 -1.3% $284 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $345,000 +38.0% $288 / Sq Ft
06/15/2022 06/15/22 Sold $250,000 -16.7% $104 / Sq Ft View Prior Sale
05/17/2022 05/17/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $299,999 -- $125 / 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 $847 $60,100 $60,100 --
2023 $882 $42,000 $42,000 $0
2022 $1,410 $150,200 $42,000 $108,200
2021 $1,179 $129,900 $42,000 $87,900
2020 $1,047 $120,100 $37,500 $82,600
2019 $973 $115,200 $34,900 $80,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    David Klain

    DB Realty Group, LLC

    2 in this area

    8 Total Sales

    David Klain
    Section Image

  • S

    Buyer's Agent in 2023

    Sandy Thomas

    Highgarden Real Estate

    Section Image

  • K

    Seller's Agent in 2022

    Kennecia Edwards

    Gold Street Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21938526

MIBOR Broker Listing Cooperative®

APN: 29-13-01-303-023.000-018

Indiana Hamilton County Indianapolis 46280 Downtown Carmel

1040 E 108th St, Indianapolis, IN

This home is located at 1040 E 108th St, Indianapolis, IN 46280 since 17 August 2023 and is currently estimated at $380,268, approximately $317 per square foot. 1040 E 108th St is a home located in Hamilton County with nearby schools including Creekside Middle School, Carmel High School, and Indiana Agriculture and Technology.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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