NOT LISTED FOR SALE

115 N Elder Ave Indianapolis, IN 46222

Stringtown Neighborhood

Estimated Value: $142,000 - $170,382

4 Beds
1 Bath
1,360 Sq Ft
$110/Sq Ft Est. Value

Last Sold June 22, 2023

Last sale price $128,062 $94 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $932/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Covered Patio or Porch
  • 2 Car Detached Garage
  • No HOA
  • Formal Dining Room
  • 3-minute walk to Indianola Park

About This Home

As of June 2023

Amazing investment opportunity for an investor looking to have immediate income! This property is currently rented for $1,300/month and the lease expires 5/31/2024. This property has been recently remodeled from top to bottom. Steps away from Indianola Park and Bus Stop, one mile from the Indianapolis Zoo, IUPUI, Hospitals, White River Scenic Views and trails. Minutes from I-70 and I-65, 7 minutes away from the Pacers and Colts, and 10 minutes away from the World Famous Indianapolis Motor Speedway.

Last Agent to Sell the Property

Hayley Wild

Compass Indiana, LLC License #RB17001542 Listed on: 06/04/2023

Compass Indiana, LLC

Last Buyer's Agent

Kevin Hinnefeld

Dropped Members License #RB22001850

Dropped Members

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,008

Year Built

  • Built in 1900

Lot Details

  • 6,665

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Block Foundation
  • Shingle Siding

Interior Spaces

  • 1.5-Story Property
  • Thermal Windows
  • Formal Dining Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Partial Basement
  • Sump Pump
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • 6,665 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Mileys Subdivision

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number 491103142029000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,008

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1900
  • Building Area Total: 1920
  • Garage Y N: Yes
  • Lot Size Acres: 0.153
  • Subdivision Name: Mileys
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: hayley.wild@compass.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Partial, Unfinished, Crawl Space, Sump Pump
  • Appliances: Other, Gas Water Heater
  • Levels: One and One Half
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 80
  • Interior Amenities: Windows Thermal
  • Living Area: 1360
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1280
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Shingle/Shake, Other
  • Foundation Details: Block
  • Patio And Porch Features: Covered Porch, Porch Open

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 6665
  • Parcel Number: 491103142029000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 1008
  • Tax Lot: 56
  • Semi Annual Property Tax Amt: 504
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2023
Closed on
Jun 22, 2023
Sold by
Lam Thomas
Bought by
Mclennan-Brown Jennifer
Seller's Agent
Hayley Wild
Compass Indiana, LLC
Buyer's Agent
Kevin Hinnefeld
Dropped Members
List Price
$129,900
Sold Price
$128,062
Premium/Discount to List
-$1,838
-1.41%
Views
44
Current Estimated Value
$150,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,034
Avg. Annual Appreciation
6.53%
Original Mortgage
$94,937
Outstanding Balance
$92,398
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$57,698

Purchase Details

Listed on
Dec 9, 2021
Closed on
Dec 27, 2021
Sold by
Casa Nostra Llc
Bought by
Lam Thomas
Seller's Agent
Karen Young
Young-Kinney, LLC
Buyer's Agent
J.J Canull
List Price
$55,000
Sold Price
$90,000
Premium/Discount to List
$35,000
63.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.51%

Purchase Details

Listed on
Dec 9, 2021
Closed on
Dec 20, 2021
Sold by
Casa Nostra Llc
Bought by
Lam Thomas
Seller's Agent
Karen Young
Young-Kinney, LLC
Buyer's Agent
J.J Canull
List Price
$55,000
Sold Price
$90,000
Premium/Discount to List
$35,000
63.64%

Purchase Details

Closed on
Jul 23, 2009
Sold by
Cohen Kc and Cohen Kraig A
Bought by
Casa Nostra Llc

Purchase Details

Closed on
Jun 12, 2007
Sold by
Casa Nostra Llc
Bought by
Cohen K C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
6.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mclennan-Brown Jennifer -- Investors Title
Lam Thomas -- Investors Title
Lam Thomas -- Investors Title
Casa Nostra Llc -- None Available
Cohen K C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclennan-Brown Jennifer $94,937
Previous Owner Cohen K C $48,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2023 06/22/23 Sold $128,062 -1.4% $94 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
06/04/2023 06/04/23 For Sale $129,900 +44.3% $96 / Sq Ft
12/20/2021 12/20/21 Sold $90,000 +63.6% $47 / Sq Ft View Prior Sale
12/09/2021 12/09/21 Pending -- -- --
12/09/2021 12/09/21 For Sale $55,000 -- $29 / 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 $1,741 $156,700 $2,800 $153,900
2023 $1,741 $68,900 $2,800 $66,100
2022 $1,170 $72,000 $2,800 $69,200
2021 $1,170 $46,300 $2,800 $43,500
2020 $1,007 $43,500 $2,800 $40,700
2019 $982 $41,600 $2,800 $38,800
2018 $1,031 $39,300 $2,800 $36,500
2017 $839 $35,200 $2,800 $32,400
2016 $819 $35,200 $2,800 $32,400
2014 $783 $36,200 $2,800 $33,400
2013 $707 $32,100 $2,800 $29,300
Source: Public Records

Agents Affiliated with this Home

  • Hayley Wild

    Seller's Agent in 2023

    Hayley Wild

    Compass Indiana, LLC

    (317) 405-7915

    2 in this area

    318 Total Sales

    Hayley Wild
    Section Image

  • K

    Buyer's Agent in 2023

    Kevin Hinnefeld

    Dropped Members

    Section Image

  • K

    Seller's Agent in 2021

    Karen Young

    Young-Kinney, LLC

    (317) 331-4104

    2 in this area

    12 Total Sales

    Karen Young
    Section Image

  • J

    Buyer's Agent in 2021

    J.J Canull

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21924568

MIBOR Broker Listing Cooperative®

APN: 49-11-03-142-029.000-101

Indiana Marion County Indianapolis 46222 Stringtown

115 N Elder Ave, Indianapolis, IN

Not Listed for Sale

Detached

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