1040 N Alabama St Indianapolis, IN 46202
Saint Joseph Historic Neighborhood NeighborhoodEstimated payment $8,468/month
About This Home
The Otis Building is a 10 unit building in the heart of St. Joseph Historic District. 5 storefront retail units on the first level. 5 one bedroom/one bathroom apartments are located on the second floor.
Constructed in 1908, this Italianate frame building housed five apartments on the second floor and a variety of businesses on the first floor, including a bakery, a grocery, restaurant and drug store in 1913. Christopher Rafert had this building constructed as he had other buildings in the district. It was extensively renovated in 1993-1994. The Ortega family (235 E 11th) owned this building as well as the home at 231 E 11th St.
Listing Agent
Taylor Kumler
Kumler Realty Listed on: 03/03/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,070
Year Built
- Built in 1890
Home Design
- Cement Siding
Additional Features
- 2-Story Property
- 5,245 Sq Ft Lot
Community Details
- Morrisons Subdivision
Listing and Financial Details
- The owner pays for inshazard, taxes, sewer, water
- Assessor Parcel Number 490636161007000101
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,132 | $278,500 | $104,900 | $173,600 |
| 2023 | $7,132 | $264,200 | $104,900 | $159,300 |
| 2022 | $7,135 | $264,200 | $104,900 | $159,300 |
| 2021 | $7,143 | $252,400 | $104,900 | $147,500 |
| 2020 | $7,137 | $252,400 | $104,900 | $147,500 |
| 2019 | $7,083 | $245,800 | $104,900 | $140,900 |
| 2018 | $7,269 | $245,800 | $104,900 | $140,900 |
| 2017 | $6,271 | $238,300 | $104,900 | $133,400 |
| 2016 | $5,806 | $230,800 | $104,900 | $125,900 |
| 2014 | $6,311 | $229,900 | $104,900 | $125,000 |
| 2013 | $6,884 | $229,900 | $104,900 | $125,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/15/2022 09/15/22 | Pending | -- | -- | -- |
| 09/07/2022 09/07/22 | For Sale | $1,495,000 | 0.0% | -- |
| 07/18/2022 07/18/22 | Off Market | $1,495,000 | -- | -- |
| 07/05/2022 07/05/22 | Price Changed | $1,495,000 | -0.3% | -- |
| 06/06/2022 06/06/22 | For Sale | $1,500,000 | -3.2% | -- |
| 06/02/2022 06/02/22 | Off Market | $1,550,000 | -- | -- |
| 06/01/2022 06/01/22 | Price Changed | $1,550,000 | -6.1% | -- |
| 05/09/2022 05/09/22 | Price Changed | $1,650,000 | -5.7% | -- |
| 04/13/2022 04/13/22 | Price Changed | $1,750,000 | -7.9% | -- |
| 03/23/2022 03/23/22 | Price Changed | $1,900,000 | -15.6% | -- |
| 03/03/2022 03/03/22 | For Sale | $2,250,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,250,000 | Foundation Title | |
| Deed | $1,250,000 | Foundation Title | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $999,990 | New Conventional | |
| Closed | $999,990 | No Value Available | |
| Closed | $999,990 | New Conventional | |
| Previous Owner | $1,360,000 | Future Advance Clause Open End Mortgage |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21840662
APN: 49-06-36-161-007.000-101
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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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