NOT LISTED FOR SALE

1116 Reid Place Indianapolis, IN 46203

Fountain Square Neighborhood

Estimated Value: $216,000 - $374,000

2 Beds
1 Bath
1,536 Sq Ft
$178/Sq Ft Est. Value

Last Sold February 01, 2016

Last sale price $45,000 $29 Per Sq Ft

Est. 509% increase in value since last sale

Current estimated payment $1,760/month

48 Days on Market

About This Home

As of February 2016

Great investment opportunity in Fountain Square. This property includes 1118 Reid. 1118 needs cosmetic work. Put in some work and move in. 1116 needs a bit more construction. Will make a great rental property. Get in now before prices go up!

Last Agent to Sell the Property

Jennifer Thompson

Values Driven Realty, Inc. License #RB14030085 Listed on: 08/06/2015

Last Buyer's Agent

Jamie Willis

Compass Indiana, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $356

Year Built

  • Built in 1920

Lot Details

  • 3,441 Sq Ft Lot

Home Design

  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Formal Dining Room
  • Unfinished Basement
  • Basement Cellar

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Simons Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491018202004000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$356

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Historic
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1920
  • Garage Y N: No
  • Lot Size Acres: 0.079
  • Subdivision Name: SIMONS
  • Inspection Warranties: Not Applicable
  • Property Description: Great investment opportunity in Fountain Square. This property includes 1118 Reid. 1118 needs cosmetic work. Put in some work and move in. 1116 needs a bit more construction. Will make a great rental property. Get in now before prices go up!
  • Transaction Type: Sale
  • Lifestyles: Townhouse
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Cellar, Unfinished
  • Appliances: None
  • Levels: Two
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1536
  • Other Equipment: Not Applicable
  • Room Count: 6
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 1536
  • Main Level Sq Ft: 900
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 1536
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 636
  • Bathroom Areas: 1.0000
  • Optional Level Below Grade: Basement

Exterior Features

  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 50000
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: Other

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air
  • Heating: Heat Pump
  • Water Source: Public
  • Solid Waste: 1
  • Water Heater: Electric

Lot Info

  • Parcel Number: 491018202004000101
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks
  • Lot Number: 5
  • Lot Size: 3441

Tax Info

  • Tax Annual Amount: 356
  • Semi Annual Property Tax Amt: 178
  • Tax Exemption: OtherTaxExemption/See Remarks

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2015
Closed on
Jan 29, 2016
Sold by
Institute In Basic Life Principles
Bought by
Hannon Caitlin
Seller's Agent
Jennifer Thompson
Values Driven Realty, Inc.
Buyer's Agent
Jamie Willis
Compass Indiana, LLC
List Price
$50,000
Sold Price
$45,000
Premium/Discount to List
-$5,000
-10%
Total Days on Market
48
Current Estimated Value
$273,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,899
Avg. Annual Appreciation
22.50%
Original Mortgage
$158,083
Outstanding Balance
$129,425
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$172,021
Source: Public Records

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Range of Values:

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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
Hannon Caitlin -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hannon Caitlin $158,083
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2016 02/01/16 Sold $45,000 -10.0% $29 / Sq Ft
09/24/2015 09/24/15 Pending -- -- --
08/06/2015 08/06/15 For Sale $50,000 -- $33 / 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 $3,666 $151,300 $19,100 $132,200
2023 $3,666 $148,700 $19,100 $129,600
2022 $3,392 $137,900 $19,100 $118,800
2021 $2,932 $124,100 $19,100 $105,000
2020 $2,444 $101,100 $19,100 $82,000
2019 $1,797 $76,100 $2,500 $73,600
2018 $1,630 $68,400 $2,500 $65,900
2017 $1,293 $60,900 $2,500 $58,400
2016 $585 $56,300 $2,500 $53,800
2014 $358 $33,100 $2,500 $30,600
2013 $382 $33,100 $2,500 $30,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jennifer Thompson

    Values Driven Realty, Inc.

    Section Image

  • J

    Buyer's Agent in 2016

    Jamie Willis

    Compass Indiana, LLC

    (317) 900-6220

    8 Total Sales

    Jamie Willis
    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21369414

MIBOR Broker Listing Cooperative®

APN: 49-10-18-202-004.000-101

Indiana Marion County Indianapolis 46203 Fountain Square

1116 Reid Place, Indianapolis, IN

This home is located at 1116 Reid Place, Indianapolis, IN 46203 since 06 August 2015 and is currently estimated at $273,899, approximately $178 per square foot. This property was built in 1920. 1116 Reid Place is a home located in Marion County with nearby schools including William McKinley School 39, Arlington Community Middle School, and Arsenal Technical High School.

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