$102,500
SOLD MAR 15, 2019

129 N 2nd Ave Beech Grove, IN 46107

-- Bed
-- Bath
1,122 Sq Ft
10,367 Sq Ft Lot

Recently Sold

$91 Per Sq Ft

7% Below List Price

4 Days on Market

About This Home

As of June 2024

OUTSTANDING DUPLEX INVESTMENT OPPORTUNITY! One of the units currently leased and the other has been an office that can easily be converted back into an apartment. One unit is 3 bedrooms, the other is technically 2 bedrooms, but they are huge, along with an exceptionally large family room. Included in the purchase is a large detached 2 car garage. One of the units also has a fenced back yard. Sale to be AS-IS.

Last Agent to Sell the Property

Dennis Barrow

Keller Williams Indpls Metro N License #RB14034583 Listed on: 02/07/2019

Keller Williams Indpls Metro N

Co-Listed By

Sherrill Gunn

Keller Williams Indpls Metro N

Last Buyer's Agent

Fred Kincer

KORO Development, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 10,367 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Community Details

  • Smiths Subdivision

Listing and Financial Details

  • Tenant pays for insurance, trash collection, all utilities
  • The owner pays for inshazard, insurance, taxes
  • Assessor Parcel Number 491021109011000102

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1934
  • Co List Office Phone: 317-973-8000
  • Lot Size Acres: 0.238
  • Structure Type: Duplex
  • Subdivision Name: SMITHS
  • Inspection Warranties: General
  • Property Description: OUTSTANDING DUPLEX INVESTMENT OPPORTUNITY! One of the units currently leased and the other has been an office that can easily be converted back into an apartment. One unit is 3 bedrooms, the other is technically 2 bedrooms, but they are huge, along with an exceptionally large family room. Included in the purchase is a large detached 2 car garage. One of the units also has a fenced back yard. Sale to be AS-IS.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: InsHazard, Insurance, Insurance, Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections Some

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 109900

Garage/Parking

  • Garage Spaces: 2
  • Unit Parking: 2 Car Garage
  • Auto Parking: 2

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 3500

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 491021109011000102
  • Acres: <1/4 Acre
  • Lot Information: Access Street,Corner,Sidewalks
  • Lot Number: 8
  • Lot Size: 10,367

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Insurance, Trash Collection, All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2632
  • Semi Annual Property Tax Amt: 1316
  • Tax Exemption: None

MLS Schools

  • School District: Beech Grove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Jun 21, 2024
Sold by
Pkx Properties Llc
Bought by
Hsueh Yu-Che and Huang Tze-Yu
Seller's Agent
Matthew Ford
Indiana Ford Realty LLC
Buyer's Agent
Sheng Min Chen
Real Broker, LLC
List Price
$191,000
Sold Price
$195,000
Premium/Discount to List
$4,000
2.09%
Views
43
Current Estimated Value
$198,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,747
Avg. Annual Appreciation
1.71%
Original Mortgage
$146,250
Outstanding Balance
$145,150
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$53,597

Purchase Details

Closed on
Oct 25, 2019
Sold by
Koro Development Llc
Bought by
Pkx Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 7, 2019
Closed on
Mar 15, 2019
Sold by
K & G Investments
Bought by
Koro Developmnt Llc
Seller's Agent
Dennis Barrow
Keller Williams Indpls Metro N
Buyer's Agent
Fred Kincer
KORO Development, LLC
List Price
$109,900
Sold Price
$102,500
Premium/Discount to List
-$7,400
-6.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.92%
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 Type Sale Price Title Company
Warranty Deed $195,000 Chicago Title
Warranty Deed -- None Available
Warranty Deed $102,500 Abstract & Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $146,250 New Conventional
Previous Owner $122,400 Commercial
Previous Owner $104,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2024 06/20/24 Sold $195,000 +2.1% $174 / Sq Ft
05/11/2024 05/11/24 Pending -- -- --
05/05/2024 05/05/24 For Sale $191,000 0.0% $170 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $191,000 +86.3% $170 / Sq Ft
03/15/2019 03/15/19 Sold $102,500 -6.7% $91 / Sq Ft
02/12/2019 02/12/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $109,900 -- $98 / 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 $4,781 $192,700 $37,600 $155,100
2023 $4,781 $186,800 $37,600 $149,200
2022 $5,440 $189,900 $37,600 $152,300
2021 $4,075 $146,900 $37,600 $109,300
2020 $3,831 $146,900 $37,600 $109,300
2019 $3,049 $121,400 $19,100 $102,300
2018 $2,736 $112,800 $19,100 $93,700
2017 $2,631 $105,000 $19,100 $85,900
2016 $2,516 $101,400 $19,100 $82,300
2014 $2,284 $97,000 $19,100 $77,900
2013 $2,263 $97,000 $19,100 $77,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21617746

MIBOR Broker Listing Cooperative®

APN: 49-10-21-109-011.000-102