NOT LISTED FOR SALE

1318 Medford Ave Indianapolis, IN 46222

Haughville Neighborhood

Estimated Value: $100,000 - $105,000

1 Bed
1 Bath
588 Sq Ft
$174/Sq Ft Est. Value

Last Sold November 09, 2016

Last sale price $32,000 $54 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $694/month

41 Days on Market

About This Home

As of November 2016

Unique investment opportunity! 12 1BR 1BA duplexes (24 units) for sale all on one street in 2 block area. Solid built brick wrap, hardwood floors, full bath with tub / shower combo, and full basement in each unit. Will sell individual units but better pricing for bundles of 4 or all 12 buildings. Tenant rights apply.

Last Agent to Sell the Property

Derrick Team Derrick

Carpenter, REALTORS® Listed on: 09/14/2016

Co-Listed By

Connie Derrick

Carpenter, REALTORS®

Last Buyer's Agent

Gary Boehle

Titan Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,184 Sq Ft Lot

Home Design

  • Ranch Style House
  • Block Foundation

Additional Features

  • Basement

Community Details

  • Walkerhurst Subdivision

Listing and Financial Details

  • Tenant pays for insurance, all utilities
  • The owner pays for inshazard
  • Assessor Parcel Number 490633133040000901

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Ranch, Shotgun
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1950
  • Co List Office Phone: 317-271-2277
  • Lot Size Acres: 0.119
  • Road Surface Type: Asphalt
  • Structure Type: FreeStand
  • Subdivision Name: WALKERHURST
  • Inspection Warranties: Not Applicable
  • Property Description: Unique investment opportunity! 12 1BR 1BA duplexes (24 units) for sale all on one street in 2 block area. Solid built brick wrap, hardwood floors, full bath with tub / shower combo, and full basement in each unit. Will sell individual units but better pricing for bundles of 4 or all 12 buildings. Tenant rights apply.
  • Transaction Type: Sale
  • Website: http://DerrickTeam.com
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: One
  • Owner Pays: InsHazard
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 1176
  • Laundry: ConnAll

Exterior Features

  • Construction Materials: Wood Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block, Full
  • List Price: 37000
  • Road Access: CityStreet
  • Interstate: Ramp1-3mi

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 1200
  • Insurance Expenses: 650

Lot Info

  • Current Use: Residential
  • Parcel Number: 490633133040000901
  • Acres: <1/4 Acre
  • Lot Information: See Remarks
  • Lot Number: 33
  • Lot Size: 5,184

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Insurance, All Utilities

Multi Family

  • Net Operating Income: 6500
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1002
  • Semi Annual Property Tax Amt: 501
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2019
Sold by
Indy Structible Llc
Bought by
Wilson Cedric L
Current Estimated Value
$102,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Outstanding Balance
$41,800
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$71,930

Purchase Details

Closed on
May 21, 2019
Sold by
White Lange Investments Llc
Bought by
Indy Structible Llc

Purchase Details

Listed on
Sep 14, 2016
Closed on
Nov 9, 2016
Seller's Agent
Derrick Team Derrick
Carpenter, REALTORS®
Buyer's Agent
Gary Boehle
Titan Real Estate, LLC
List Price
$37,000
Sold Price
$32,000
Premium/Discount to List
-$5,000
-13.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.52%
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
Wilson Cedric L $56,000 Monument Title Insurance Compa
Indy Structible Llc $30,000 Monument Title Insurance Compa
-- $55,000 --
Wiley Edmund R -- None Available
White Lange Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Cedric L $47,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2016 11/09/16 Sold $32,000 -13.5% $54 / Sq Ft
10/26/2016 10/26/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $37,000 -- $63 / 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 $1,625 $111,700 $3,500 $108,200
2023 $1,625 $102,900 $3,500 $99,400
2022 $1,533 $102,900 $3,500 $99,400
2021 $1,044 $69,300 $3,500 $65,800
2020 $944 $62,700 $3,500 $59,200
2019 $912 $59,700 $3,500 $56,200
2018 $1,317 $51,300 $3,500 $47,800
2017 $1,196 $51,900 $3,500 $48,400
2016 $1,055 $46,300 $3,500 $42,800
2014 $897 $41,500 $3,500 $38,000
2013 $980 $42,900 $3,500 $39,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Derrick Team Derrick

    Carpenter, REALTORS®

    Section Image

  • C

    Seller Co-Listing Agent in 2016

    Connie Derrick

    Carpenter, REALTORS®

    Section Image

  • G

    Buyer's Agent in 2016

    Gary Boehle

    Titan Real Estate, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21443041

MIBOR Broker Listing Cooperative®

APN: 49-06-33-133-040.000-901

Indiana Marion County Indianapolis 46222 Haughville

1318 Medford Ave, Indianapolis, IN

This home is located at 1318 Medford Ave, Indianapolis, IN 46222 since 14 September 2016 and is currently estimated at $102,500, approximately $174 per square foot. This property was built in 1950. 1318 Medford Ave is a home located in Marion County with nearby schools including Riverside School 44, Northwest Middle School, and George Washington Community High School (9-12).

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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