NOT LISTED FOR SALE

1201 N Colorado Ave Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $161,222

1 Bed
-- Bath
891 Sq Ft
$181/Sq Ft Est. Value

Last Sold October 09, 2015

Last sale price $75,000 $84 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,186/month

58 Days on Market

About This Home

As of October 2015

Built in 1939 this all brick 2 bedroom per side double in the Little Flower Neighborhood is ready for its 4th owner in 76 years. It still retains desirable features such as stained woodwork, arched openings, period light fixtures, hardwood floors & original tile. A few items could use an update but overall its a great property. Long term tenant in one side. The other side is ready to rent. Each unit has its own attached garage plus it has a separate 2 car garage that is rented for $50 monthly.

Last Listed By

Tod Richardson

AH4R Management-IN, LLC License #RB14032085 Listed on: 07/14/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,080

Year Built

  • Built in 1937

Lot Details

  • 5,401

Home Design

  • 891 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Additional Features

  • Washer and Dryer Hookup
  • 5,401 Sq Ft Lot

Community Details

  • Johnsons East 10Th St Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • The owner pays for insurance, taxes, sewer, water
  • Tax Lot 227
  • Assessor Parcel Number 490733178182000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,080

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2014
  • Year Built: 1937
  • Building Area Total: 891
  • Lot Size Acres: 0.124
  • Structure Type: Duplex
  • Subdivision Name: Johnsons East 10Th St
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: Tod@IndyHomeInfo.com
  • Special Features: None

Interior Features

  • Living Area: 891
  • Owner Pays: Insurance, Taxes, Sewer, Water
  • Main Level Sq Ft: 891
  • SqFt Total: 891

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • List Price: 78000

Garage/Parking

  • Unit Parking: 2 Car Garage

Utilities

  • Utilities: Cable Available, Gas, Sewer Connected, Water Connected
  • Laundry Features: Connections All
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Sidewalks
  • Additional Parcels: No
  • Lot Size Sq Ft: 5401
  • Parcel Number: 490733178182000101

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Gross Income: 14400
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1080
  • Tax Lot: 227
  • Semi Annual Property Tax Amt: 540
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2018
Sold by
Jr
Bought by
Mesha Philley
Total Days on Market
58
Current Estimated Value
$161,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Outstanding Balance
$68,714
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$92,508

Purchase Details

Listed on
Jul 14, 2015
Closed on
Oct 9, 2015
Sold by
Vanbuskirk Robert W and Vanbuskirk Wanda J
Bought by
Heimer Richard Lea
Seller's Agent
Tod Richardson
AH4R Management-IN, LLC
Buyer's Agent
Adam Kent-Isaac
Compass Indiana, LLC
List Price
$78,000
Sold Price
$75,000
Premium/Discount to List
-$3,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$60,000
Interest Rate
3.91%
Mortgage Type
New Conventional

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
Mesha Philley $104,000 --
Philley Mesha $104,000 Krieg Devault Llp
Heimer Richard Lea -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Philley Mesha $78,000
Previous Owner Heimer Richard Lea $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2015 10/09/15 Sold $75,000 -3.8% $84 / Sq Ft
09/11/2015 09/11/15 Pending -- -- --
07/14/2015 07/14/15 For Sale $78,000 -- $88 / 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 $3,402 $156,700 $13,100 $143,600
2023 $3,402 $137,600 $13,100 $124,500
2022 $3,267 $132,600 $13,100 $119,500
2021 $3,149 $130,700 $13,100 $117,600
2020 $2,917 $120,300 $5,000 $115,300
2019 $2,695 $108,700 $5,000 $103,700
2018 $1,434 $92,300 $5,000 $87,300
2017 $1,125 $80,900 $5,000 $75,900
2016 $512 $71,100 $5,000 $66,100
2014 $1,081 $50,000 $5,000 $45,000
2013 $1,177 $56,600 $5,000 $51,600
Source: Public Records

Agents Affiliated with this Home

  • Tod Richardson

    Seller's Agent in 2015

    Tod Richardson

    AH4R Management-IN, LLC

    Section Image

  • A

    Buyer's Agent in 2015

    Adam Kent-Isaac

    Compass Indiana, LLC

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21365218

MIBOR Broker Listing Cooperative®

APN: 49-07-33-178-182.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

1201 N Colorado Ave, Indianapolis, IN

Homes for Sale in Indianapolis, IN

This home is located at 1201 N Colorado Ave, Indianapolis, IN 46201 since 14 July 2015 and is currently priced at $161,222, approximately $180 per square foot. This property was built in 1937. 1201 N Colorado Ave is a home located in Marion County with nearby schools including Brookside School 54, Arlington Community Middle School, and Arsenal Technical High School.

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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