NOT LISTED FOR SALE

1238 Kappes St Indianapolis, IN 46221

West Indianapolis Neighborhood

Estimated Value: $176,000 - $197,000

3 Beds
1.5 Baths
1,072 Sq Ft
$174/Sq Ft Est. Value

Last Sold August 09, 2018

Last sale price $35,000 $33 Per Sq Ft

Est. 428% increase in value since last sale

Current estimated payment $1,259/month

3 Days on Market

About This Home

As of August 2018

MULTI-FAMILY PROPERTY. Bring back this wonderful GEM. Great investment property to rehab and rent out and possibly live on the other side while your tenant pays your mortgage. This duplex has been made into one large home but could easily be turned back into a duplex. Let your imagination run with this one and make it the home it deserves to be again. Same family has owned for over 80 years with lots of history to tell. Don't pass on this opportunity. These rarely come along.

Last Agent to Sell the Property

Regenia Clemons

Eaglecrest Realty Group, LLC License #RB14048374 Listed on: 06/28/2018

Last Buyer's Agent

Regenia Clemons

Eaglecrest Realty Group, LLC License #RB14048374 Listed on: 06/28/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $576

Year Built

  • Built in 1900

Lot Details

  • 5,184

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Formal Dining Room
  • Attic Access Panel

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • 5,184 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • Kappes & Naltners Belmont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491115141029000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$576

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Two Story
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1900
  • Garage Y N: No
  • Lot Size Acres: 0.119
  • Subdivision Name: KAPPES & NALTNERS BELMONT
  • Inspection Warranties: Not Applicable
  • Property Description: MULTI-FAMILY PROPERTY. Bring back this wonderful GEM. Great investment property to rehab and rent out and possibly live on the other side while your tenant pays your mortgage. This duplex has been made into one large home but could easily be turned back into a duplex. Let your imagination run with this one and make it the home it deserves to be again. Same family has owned for over 80 years with lots of history to tell. Don't pass on this opportunity. These rarely come along.
  • Transaction Type: Sale
  • Lifestyles: Double/Duplex
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None
  • Levels: Two
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Attic Access
  • Living Area: 1072
  • Other Equipment: Not Applicable
  • Room Count: 5
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 1072
  • Main Level Sq Ft: 652
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Total Sq Ft: 1072
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 420
  • Optional Level Below Grade: Cellar

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • List Price: 42500
  • Association Maintained Building Exterior: 0

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: None

Utilities

  • Sewer: Community Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Community Water
  • Solid Waste: 0
  • Water Heater: Electric

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491115141029000101
  • Acres: <1/4 Acre
  • Lot Number: 52
  • Lot Size: 5,358

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 576
  • Semi Annual Property Tax Amt: 288
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2018
Closed on
Aug 9, 2018
Sold by
Richard Franklin James
Bought by
Corwin Gilege
Seller's Agent
Regenia Clemons
Eaglecrest Realty Group, LLC
Buyer's Agent
Regenia Clemons
Eaglecrest Realty Group, LLC
List Price
$42,500
Sold Price
$35,000
Premium/Discount to List
-$7,500
-17.65%
Current Estimated Value
$184,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,694
Avg. Annual Appreciation
24.83%
Original Mortgage
$36,113
Interest Rate
4.5%
Mortgage Type
New Conventional
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
Corwin Gilege $35,000 --
Gliege Corwin -- Best Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gliege Corwin $98,000
Closed Gliege Corwin $36,113
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2018 08/09/18 Sold $35,000 -17.6% $33 / Sq Ft
07/01/2018 07/01/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $42,500 -- $40 / 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 $2,865 $136,900 $3,600 $133,300
2023 $2,865 $116,500 $3,600 $112,900
2022 $2,931 $119,900 $3,600 $116,300
2021 $2,076 $85,700 $3,600 $82,100
2020 $1,296 $55,900 $3,600 $52,300
2019 $1,260 $53,300 $3,600 $49,700
2018 $884 $51,400 $3,600 $47,800
2017 $670 $42,600 $3,600 $39,000
2016 $572 $41,000 $3,600 $37,400
2014 $538 $38,800 $3,600 $35,200
2013 $652 $47,700 $3,600 $44,100
Source: Public Records

Agents Affiliated with this Home

  • Regenia Clemons

    Seller's Agent in 2018

    Regenia Clemons

    Eaglecrest Realty Group, LLC

    (317) 353-4306

    29 Total Sales

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21577111

MIBOR Broker Listing Cooperative®

APN: 49-11-15-141-029.000-101

Indiana Marion County Indianapolis 46221 West Indianapolis

1238 Kappes St, Indianapolis, IN

This home is located at 1238 Kappes St, Indianapolis, IN 46221 since 28 June 2018 and is currently estimated at $186,500, approximately $173 per square foot. This property was built in 1900. 1238 Kappes St is a home located in Marion County with nearby schools including Daniel Webster School 46, George Washington Community High School (9-12), 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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