NOT LISTED FOR SALE

1409 Marlowe Ave Indianapolis, IN 46201

Holy Cross Neighborhood

Estimated Value: $256,000 - $385,511

1 Bed
-- Bath
1,688 Sq Ft
$184/Sq Ft Est. Value

Sale Details

Date Sold: December 9, 2024

Last sale price $255,000 $151 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,987 / mo

48 Days on Market

Highlights

  • Victorian Architecture
  • Central Air
  • 3-minute walk to Highland Park Playground

About This Home

As of December 2024

Discover an outstanding investment opportunity with this charming duplex located at 1409 and 1411 Marlowe Ave in the heart of Indianapolis. Each side features three spacious bedrooms and one full bathroom, making this property perfect for both seasoned investors and those entering the real estate market. Situated just minutes from downtown Indianapolis, this duplex offers convenient access to the Monon Trail and the vibrant Bottleworks District, known for its shopping, dining, and entertainment. This prime location ensures a strong demand for rentals and great potential for appreciation in value. The open floor plans of both units create a welcoming atmosphere, enhanced by large windows that fill the spaces with natural light. Modern kitchens are equipped with ample counter space and essential appliances, perfect for culinary pursuits. Each unit's three well-sized bedrooms provide comfortable living spaces, while the conveniently located full bathrooms serve essential needs. With separate entrances and utilities, privacy and functionality are maximized for each unit. Investors will find significant potential for passive income, given the growing demand for rental properties in the 46201 zip code. Recent comparable properties highlight strong rental rates, making this duplex an attractive prospect for diversifying any investment portfolio. Don't miss this unique opportunity to own a duplex in a sought-after Indianapolis location. This property is ideal for anyone looking to embark on or expand their real estate journey. Explore the possibilities that 1409 and 1411 Marlowe Ave have to offer! Major renovation has already started on the 1411 Marlowe side. Many materials are there including kitchen cabinets, all bathroom vanities, new Anderson windows, front doors, back door, and HVAC duct work.

Last Agent to Sell the Property

Joshua Vida

Paradigm Realty Solutions Brokerage Email: jvida@realtyparadigm.com License #RB14030173 Listed on: 10/04/2024

Last Buyer's Agent

Cory Robinson

CityPlace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,340

Year Built

  • Built in 1986

Lot Details

  • 4,400

Home Design

  • Duplex
  • Victorian Architecture
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 4,400 Sq Ft Lot
  • Central Air
  • Basement

Community Details

  • Arsenal Park Subdivision

Listing and Financial Details

  • Tax Lot 61
  • Assessor Parcel Number 491006161029000101
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,340

Year Built

Built in 1986

Lot Details

4,400 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Victorian
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1986
  • Lot Size Acres: 0.1
  • Structure Type: Duplex
  • Subdivision Name: Arsenal Park
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: jvida@realtyparadigm.com
  • Attribution Contact: jvida@realtyparadigm.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Vinyl Siding
  • Road Access: Not Applic

Utilities

  • Cooling: Central Electric
  • Solid Waste: Yes

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 4400
  • Parcel Number: 491006161029000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3340
  • Tax Lot: 61
  • Semi Annual Property Tax Amt: 1670
  • Tax Exemption: Homestead Tax Exemption

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Dec 6, 2024
Sold by
Bought by
Seller's Agent
Joshua Vida
Paradigm Realty Solutions
Buyer's Agent
Cory Robinson
CityPlace Realty
List Price
$279,000
Sold Price
$255,000
Premium/Discount to List
-$24,000
-8.6%
Views
28
Current Estimated Value
$311,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,170
Avg. Annual Appreciation
12.82%

Purchase Details

Listed on
Sep 3, 2021
Closed on
Oct 5, 2021
Sold by
Bought by
Seller's Agent
Justin Bennett
Bennett Realty
Buyer's Agent
Justin Bennett
Bennett Realty
List Price
$330,000
Sold Price
$275,000
Premium/Discount to List
-$55,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.35%
Original Mortgage
$220,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Investors Title
-- Quality Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Closed $400,000
Previous Owner $55,000
Previous Owner $220,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/09/2024 12/09/24 Sold $255,000 -8.6% $151 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
10/04/2024 10/04/24 For Sale $279,000 +1.5% $165 / Sq Ft
10/05/2021 10/05/21 Sold $275,000 -16.7% $163 / Sq Ft View Prior Sale
09/07/2021 09/07/21 Pending -- -- --
09/03/2021 09/03/21 For Sale $330,000 -- $195 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,341 $278,100 $41,800 $236,300
2024 $3,438 $280,000 $41,800 $238,200
2023 $3,438 $280,000 $41,800 $238,200
2022 $3,459 $280,000 $41,800 $238,200
2021 $1,766 $145,800 $41,800 $104,000
2020 $2,495 $102,800 $20,200 $82,600
2019 $2,365 $95,400 $20,200 $75,200
2018 $1,755 $69,000 $20,200 $48,800
2017 $1,478 $64,500 $20,200 $44,300
2016 $1,447 $64,500 $20,200 $44,300
2014 $1,332 $61,600 $20,200 $41,400
2013 $1,281 $61,600 $20,200 $41,400
Source: Public Records

Agents Affiliated with this Home

  • Joshua Vida

    Seller's Agent in 2024

    Joshua Vida

    Paradigm Realty Solutions

    (574) 626-8432

    1 in this area

    693 Total Sales

    Joshua Vida
    Section Image

  • C

    Buyer's Agent in 2024

    Cory Robinson

    CityPlace Realty

    Section Image
  • Justin Bennett

    Seller's Agent in 2021

    Justin Bennett

    Bennett Realty

    (765) 318-5999

    1 in this area

    273 Total Sales

    Justin Bennett
    Section Image
  • Rebecca Hameda

    Seller Co-Listing Agent in 2021

    Rebecca Hameda

    The Stewart Home Group

    (317) 946-4944

    1 in this area

    69 Total Sales

    Rebecca Hameda
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22005202

MIBOR Broker Listing Cooperative®

APN: 49-10-06-161-029.000-101

Indiana Marion County Indianapolis 46201 Holy Cross

1409 Marlowe Ave, Indianapolis, IN

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® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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