NOT LISTED FOR SALE

1102 N Tibbs Ave Indianapolis, IN 46222

Estimated Value: $88,000 - $148,245

2 Beds
1 Bath
1,122 Sq Ft
$100/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $100,000 $89 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $843/month

2 Days on Market

Highlights

  • No HOA
  • 2 Car Detached Garage
  • 1-Story Property
  • Formal Dining Room
  • Woodwork
  • Forced Air Heating System

About This Home

As of October 2023

Welcome to a 2-bedroom, 1-bathroom single-family residence, complete with a spacious 2-car detached garage, perfect for a workshop or extra storage. While this property requires a little tender loving care, it's a diamond in the rough for savvy investors. Situated just minutes away from the renowned Indianapolis Motor Speedway, this location offers the ideal blend of residential tranquility and motorsport excitement. This makes it an attractive prospect for rental income or a renovation project with immense potential. The well-sized garage is a unique feature, providing ample space for hobbies, crafts, or any storage needs you might have. Don't let this golden opportunity pass you by - seize your chance to make your mark!

Last Agent to Sell the Property

Terry Young

Red Bridge Real Estate Brokerage Email: terry@redbridgerealestate.com Listed on: 10/17/2023

Last Buyer's Agent

Braulio Moreno

eXp Realty, LLC

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,530

Year Built

  • Built in 1925

Lot Details

  • 6,011 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Woodwork
  • Vinyl Clad Windows
  • Formal Dining Room
  • Gas Oven
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Rainbow Ridge Subdivision

Listing and Financial Details

  • Tax Lot 93
  • Assessor Parcel Number 490632120073000901

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,530

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1925
  • Building Area Total: 1584
  • Garage Y N: Yes
  • Lot Size Acres: 0.14
  • Subdivision Name: Rainbow Ridge
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: terry@redbridgerealestate.com
  • Attribution Contact: terry@redbridgerealestate.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Appliances: Gas Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 66
  • Interior Amenities: Windows Vinyl, WoodWorkStain/Painted
  • Living Area: 1122
  • Main Level Bedrooms: 2
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1056
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Vinyl Siding, Wood
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 102900

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Garage Sq Ft: 648

Utilities

  • Cooling: None
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Lot Size Sq Ft: 6011
  • Parcel Number: 490632120073000901
  • Acres: <1/4 Acre
  • Price Acre: 714286

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1530
  • Tax Lot: 93
  • Semi Annual Property Tax Amt: 765

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Oct 26, 2023
Sold by
Simple Notes Inc
Bought by
Ruiz Manuel Andres Marti and Maldonado Diana Marcela
Seller's Agent
Terry Young
Red Bridge Real Estate
Buyer's Agent
Braulio Moreno
eXp Realty, LLC
List Price
$102,900
Sold Price
$100,000
Premium/Discount to List
-$2,900
-2.82%
Views
15
Current Estimated Value
$112,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,311
Avg. Annual Appreciation
6.79%
Original Mortgage
$75,000
Outstanding Balance
$73,944
Interest Rate
7.19%
Mortgage Type
Seller Take Back
Estimated Equity
$38,898

Purchase Details

Listed on
Oct 17, 2023
Closed on
Sep 27, 2023
Sold by
Jones Steven C
Bought by
Simple Quarters Llc
Seller's Agent
Terry Young
Red Bridge Real Estate
Buyer's Agent
Braulio Moreno
eXp Realty, LLC
List Price
$102,900
Sold Price
$100,000
Premium/Discount to List
-$2,900
-2.82%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Outstanding Balance
$73,944
Interest Rate
7.19%
Mortgage Type
Seller Take Back
Estimated Equity
$38,898

Purchase Details

Listed on
Oct 17, 2023
Closed on
Sep 20, 2023
Sold by
Jones Steven C
Bought by
Simple Quarters Llc
Seller's Agent
Terry Young
Red Bridge Real Estate
Buyer's Agent
Braulio Moreno
eXp Realty, LLC
List Price
$102,900
Sold Price
$100,000
Premium/Discount to List
-$2,900
-2.82%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Outstanding Balance
$73,944
Interest Rate
7.19%
Mortgage Type
Seller Take Back
Estimated Equity
$38,898

Purchase Details

Closed on
Feb 27, 2014
Sold by
Jones William C
Bought by
Jones Steven
Source: Public Records

Range of Values:

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Average Value
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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
Ruiz Manuel Andres Marti $100,000 None Listed On Document
Simple Notes Inc $100,000 None Listed On Document
Simple Quarters Llc $78,000 None Listed On Document
Simple Quarters Llc $78,000 None Listed On Document
Jones Steven $21,000 --
Jones Steven C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Manuel Andres Marti $75,000
Closed Simple Quarters Llc $50,000
Closed Simple Quarters Llc $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $100,000 -2.8% $89 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $102,900 -- $92 / 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 $2,797 $85,100 $3,500 $81,600
2023 $2,797 $114,200 $3,500 $110,700
2022 $2,558 $104,700 $3,500 $101,200
2021 $1,614 $66,300 $3,500 $62,800
2020 $1,456 $59,300 $3,500 $55,800
2019 $1,460 $58,400 $3,500 $54,900
2018 $1,433 $56,800 $3,500 $53,300
2017 $1,366 $60,700 $3,500 $57,200
2016 $1,272 $57,600 $3,500 $54,100
2014 $46 $54,100 $3,500 $50,600
2013 $83 $51,500 $3,500 $48,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Terry Young

    Red Bridge Real Estate

    (765) 335-1905

    296 Total Sales

    Terry Young
    Section Image

  • B

    Buyer's Agent in 2023

    Braulio Moreno

    eXp Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21948985

MIBOR Broker Listing Cooperative®

APN: 49-06-32-120-073.000-901

Indiana Marion County Indianapolis 46222

1102 N Tibbs Ave, Indianapolis, IN

This home is located at 1102 N Tibbs Ave, Indianapolis, IN 46222 since 17 October 2023 and is currently estimated at $112,311, approximately $100 per square foot. This property was built in 1925. 1102 N Tibbs Ave is a home located in Marion County with nearby schools including Riverside School 44, Northwest Middle School, and George Washington Community High School No. 721.

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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