NOT LISTED FOR SALE

Estimated Value: $107,000 - $122,489

2 Beds
-- Bath
662 Sq Ft
$170/Sq Ft Est. Value

Last Sold September 08, 2017

Last sale price $52,500 $79 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $752/month

34 Days on Market

About This Home

As of September 2017

Great investment opportunity, especially for your 1st investment! 1232 Just rented and has many updates. Good income. 1232 New Carpet & Paint. This is two mirror image units. They have been well cared for. This could continue to be a great investment or could be used for extra family

Last Agent to Sell the Property

Cindy Stockhaus

Better Homes and Gardens Real Estate Gold Key License #RB14040140 Listed on: 07/27/2017

Better Homes and Gardens Real Estate Gold Key

Co-Listed By

Michael Stockhaus

Better Homes and Gardens Real Estate Gold Key License #RB14042074

Last Buyer's Agent

Heather Upton

Keller Williams Indy Metro NE

Keller Williams Indy Metro NE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $556

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Ranch Style House
  • Vinyl Siding

Community Details

  • Kappes & Naltners Belmont Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, lawncare
  • The owner pays for sewer, water
  • Assessor Parcel Number 491115141027000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$556

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 1920
  • Co List Office Phone: 317-738-3737
  • Lot Size Acres: 0.12
  • Subdivision Name: KAPPES & NALTNERS BELMONT
  • Inspection Warranties: Not Applicable
  • Property Description: Great investment opportunity, especially for your 1st investment! 1232 Just rented and has many updates. Good income. 1232 New Carpet & Paint. This is two mirror image units. They have been well cared for. This could continue to be a great investment or could be used for extra family
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Sewer, Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 55000

Garage/Parking

  • Unit Parking: On Street,Paved Area

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 1000

Lot Info

  • Parcel Number: 491115141027000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Sidewalks
  • Lot Number: 33
  • Lot Size: 133x40

Green Features

  • Green Certification Y N: 0

Rental Info

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

Multi Family

  • Net Operating Income: 9800
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 556
  • Semi Annual Property Tax Amt: 278
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2017
Closed on
Sep 8, 2017
Sold by
Susan E
Bought by
Verma Sachin
Seller's Agent
Cindy Stockhaus
Better Homes and Gardens Real Estate Gold Key
Buyer's Agent
Heather Upton
Keller Williams Indy Metro NE
List Price
$55,000
Sold Price
$52,500
Premium/Discount to List
-$2,500
-4.55%
Current Estimated Value
$112,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,330
Avg. Annual Appreciation
10.08%
Original Mortgage
$39,375
Outstanding Balance
$33,055
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$79,775
Source: Public Records

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
Verma Sachin $52,500 --
Verma Sachin $52,500 Crossroads Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verma Sachin $39,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2017 09/08/17 Sold $52,500 -4.5% $79 / Sq Ft
07/27/2017 07/27/17 For Sale $55,000 -- $83 / 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 $1,666 $76,200 $3,600 $72,600
2023 $1,666 $65,200 $3,600 $61,600
2022 $1,700 $67,000 $3,600 $63,400
2021 $1,233 $48,400 $3,600 $44,800
2020 $985 $37,600 $3,600 $34,000
2019 $958 $35,800 $3,600 $32,200
2018 $940 $34,800 $3,600 $31,200
2017 $699 $27,800 $3,600 $24,200
2016 $664 $26,800 $3,600 $23,200
2014 $549 $25,400 $3,600 $21,800
2013 $738 $30,800 $3,600 $27,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21502902

MIBOR Broker Listing Cooperative®

APN: 49-11-15-141-027.000-101