NOT LISTED FOR SALE

1302 N Downey Ave Indianapolis, IN 46219

Eastside Neighborhood

Estimated Value: $222,000 - $266,000

2 Beds
-- Bath
924 Sq Ft
$268/Sq Ft Est. Value

Last Sold June 07, 2019

Last sale price $157,000 $170 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,753/month

1 Day on Market

About This Home

As of June 2019

Rare opportunity to own a well-maintained duplex near Indy's growing East side! This duplex is located in a well-kept neighborhood that is walking distance to the newly renovated Community East Hospital. These units are very desirable and boast 2 bedrooms, 1 bathroom and a full basement for you and your tenants to enjoy! Don't forget the fenced in yards as well as the extra storage of a 1 car garage per unit! Very close to all of Indianapolis's wonderful amenities, bus lines, hospitals and restaurants, you will not find a better opportunity. Let the rented unit pay for your mortgage and gain instant equity! Both units have been meticulously maintained, and this one will go fast! Schedule your showing today

Last Agent to Sell the Property

Maxwell Richter

Wilmoth Group License #RB15000880 Listed on: 05/13/2019

Last Buyer's Agent

Natalie Clayton

Maywright Property Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,784

Year Built

  • Built in 1954

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation

Additional Features

  • Basement

Community Details

  • Justus Downey Subdivision

Listing and Financial Details

  • Tenant pays for insurance, all utilities
  • The owner pays for taxes, no utilities
  • Assessor Parcel Number 490734112042000701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,784

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Bungalow/Shotgun
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1954
  • Lot Size Acres: 0.23
  • Subdivision Name: JUSTUS DOWNEY
  • Inspection Warranties: Not Applicable
  • Property Description: Rare opportunity to own a well-maintained duplex near Indy's growing East side! This duplex is located in a well-kept neighborhood that is walking distance to the newly renovated Community East Hospital. These units are very desirable and boast 2 bedrooms, 1 bathroom and a full basement for you and your tenants to enjoy! Don't forget the fenced in yards as well as the extra storage of a 1 car garage per unit! Very close to all of Indianapolis's wonderful amenities, bus lines, hospitals and restaurants, you will not find a better opportunity. Let the rented unit pay for your mortgage and gain instant equity! Both units have been meticulously maintained, and this one will go fast! Schedule your showing today
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Owner Pays: Taxes, No Utilities
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 149900

Garage/Parking

  • Unit Parking: 1 Car Space

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 490734112042000701
  • Acres: <1/4 Acre
  • Lot Information: Corner,Tree Mature
  • Lot Number: 23
  • Lot Size: 71x142

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Insurance, All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2784
  • Semi Annual Property Tax Amt: 1392
  • Tax Exemption: None

MLS Schools

  • School District: Warren Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2022
Sold by
Clayton Natalie R and Blake Robert
Bought by
Knotty Pine Lodgings Llc
Current Estimated Value
$245,047

Purchase Details

Closed on
Jan 25, 2022
Sold by
Clayton Natalie R and Blake Robert
Bought by
Knotty Pine Lodgings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,100
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2019
Closed on
Jun 7, 2019
Sold by
Shelton Patty Ann and Patty Ann Shelton Revocable Tr
Bought by
Clayton Natalie and Johnson Robert
Seller's Agent
Maxwell Richter
Wilmoth Group
Buyer's Agent
Natalie Clayton
Maywright Property Co.
List Price
$149,900
Sold Price
$157,000
Premium/Discount to List
$7,100
4.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$117,750
Interest Rate
3.82%
Mortgage Type
New Conventional
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
Knotty Pine Lodgings Llc -- Striebeck Law Pc
Knotty Pine Lodgings Llc -- Striebeck Law Pc
Clayton Natalie $157,000 First American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clayton Natalie $149,100
Previous Owner Clayton Natalie $117,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2019 06/07/19 Sold $157,000 +4.7% $170 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $149,900 0.0% $162 / Sq Ft
04/30/2018 04/30/18 Rented $715 0.0% --
04/17/2018 04/17/18 Under Contract -- -- --
04/12/2018 04/12/18 Price Changed $715 +2.3% $0 / Sq Ft
04/11/2018 04/11/18 For Rent $699 0.0% --
07/18/2017 07/18/17 Rented $699 0.0% --
07/03/2017 07/03/17 Under Contract -- -- --
06/23/2017 06/23/17 For Rent $699 +3.6% --
01/24/2014 01/24/14 Rented $675 0.0% --
01/23/2014 01/23/14 Under Contract -- -- --
11/05/2013 11/05/13 For Rent $675 -- --
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 $4,783 $196,300 $30,100 $166,200
2023 $4,783 $195,000 $30,100 $164,900
2022 $3,557 $144,100 $30,100 $114,000
2021 $3,453 $143,100 $30,100 $113,000
2020 $3,218 $132,500 $21,800 $110,700
2019 $3,244 $131,200 $21,800 $109,400
2018 $2,925 $116,800 $21,800 $95,000
2017 $2,405 $106,700 $21,800 $84,900
2016 $2,258 $102,100 $21,800 $80,300
2014 $2,078 $96,100 $21,800 $74,300
2013 $1,978 $95,100 $21,800 $73,300
Source: Public Records

Agents Affiliated with this Home

  • Maxwell Richter

    Seller's Agent in 2019

    Maxwell Richter

    Wilmoth Group

    (317) 842-3400

    6 in this area

    260 Total Sales

    Section Image

  • N

    Buyer's Agent in 2019

    Natalie Clayton

    Maywright Property Co.

    Section Image

  • J

    Seller's Agent in 2018

    Joel Wilmoth

    Wilmoth Group

    (317) 622-5023

    4 Total Sales

    Section Image
  • Jennifer Wilmoth

    Seller's Agent in 2014

    Jennifer Wilmoth

    Wilmoth Group

    (239) 233-4586

    2 in this area

    140 Total Sales

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21640226

MIBOR Broker Listing Cooperative®

APN: 49-07-34-112-042.000-701

Indiana Marion County Indianapolis 46219 Eastside

1302 N Downey Ave, Indianapolis, IN

This home is located at 1302 N Downey Ave, Indianapolis, IN 46219 since 13 May 2019 and is currently estimated at $247,898, approximately $268 per square foot. This property was built in 1954. 1302 N Downey Ave is a home located in Marion County with nearby schools including Anna Brochhausen School 88, 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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