NOT LISTED FOR SALE

1410 N Tuxedo St Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $179,000 - $237,603

4 Beds
-- Bath
1,166 Sq Ft
$182/Sq Ft Est. Value

Last Sold September 16, 2024

Last sale price $225,000 $193 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,364/month

10 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Detached Garage
  • 4-minute walk to Brookside Park

About This Home

As of September 2024

Welcome to an exceptional investment opportunity in the heart of Indianapolis! This charming duplex, located at 1410-1412 N Tuxedo St, offers two spacious 2-bedroom, 1-bath units. Perfect for investors looking to capitalize on the strong rental market or for those interested in house-hacking-living in one unit while renting out the other. Renting out a 2-bed, 1-bath unit in this area is highly lucrative, with comparable properties typically leasing for around $800 - $1,000 per month per unit. Additionally, for investors interested in Section 8 housing, the Indianapolis Housing Agency provides competitive rental payments, with Section 8 paying around $800 - $900 for a 2-bedroom unit in the 46201 ZIP code, ensuring a steady and reliable income stream. This duplex is ideal for those looking to enter the rental market or expand their portfolio, promising consistent rental income with the added benefit of house-hacking potential. By living in one unit, an owner can offset their mortgage with rental income from the other unit. The property is situated in a burgeoning neighborhood with easy access to local amenities, schools, and public transportation, enhancing its attractiveness to potential tenants. The bike-friendly streets and proximity to parks make it a desirable living location. Don't miss out on this fantastic investment opportunity in one of Indianapolis's most promising areas.

Last Agent to Sell the Property

Devan Lunceford

Totalis Real Estate Solutions Brokerage Email: devan@devanlunceford.com License #RB20001289 Listed on: 07/16/2024

Last Buyer's Agent

Joel Mathews

@properties

@properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,726

Year Built

  • Built in 1910

Lot Details

  • 6,098

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 6,098 Sq Ft Lot
  • Basement

Community Details

  • Fletcher South Brookside Subdivision

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number 490732103073000101
  • Seller Concessions Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,726

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1910
  • Lot Size Acres: 0.14
  • Structure Type: Duplex
  • Subdivision Name: Fletcher South Brookside
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 112500
  • MBR_AttributionContact: devan@devanlunceford.com
  • Attribution Contact: devan@devanlunceford.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 195000
  • Road Access: Street Cuts

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached
  • Unit Parking: 1 Car Garage

Utilities

  • Laundry Features: Other
  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Sidewalks, Storm Sewer
  • Current Use: Apt<20
  • Lot Size Sq Ft: 6098
  • Parcel Number: 490732103073000101
  • Acres: <1/4 Acre
  • Price Acre: 1607143

Green Features

  • Green Certification Y N: No

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2726
  • Tax Lot: 001
  • Semi Annual Property Tax Amt: 1363

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2019
Sold by
Weslake Properties Indiana Llc
Bought by
Suvaco Group Llc
Current Estimated Value
$212,534

Purchase Details

Listed on
Mar 11, 2016
Closed on
May 31, 2016
Sold by
General Repair Services Of Indiana Inc
Bought by
Weslake Properties Indiana Llc
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Rebecca Cline
Northbridge Realty, LLC
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.55%

Purchase Details

Closed on
May 7, 2013
Sold by
Jennifer J Parker Manager
Bought by
Levin Pres Harvey E

Purchase Details

Closed on
May 2, 2013
Sold by
Us Real Estate Holdings Llc
Bought by
General Repair Services Of Indiana In

Purchase Details

Closed on
Apr 30, 2013
Sold by
Marion County Auditor and Buckner Terrell
Bought by
Us Real Estate Holdings Llc

Purchase Details

Closed on
Oct 7, 2010
Sold by
Jennifer J Parker Manager
Bought by
Levin Pres Harvey E

Purchase Details

Closed on
Aug 19, 2005
Sold by
360 Investments Inc
Bought by
Buckner Terrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
9.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 23, 2005
Sold by
Argent Mortgage Co Llc
Bought by
360 Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,092
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2004
Sold by
Gendig Lester and Gendig Yvonne
Bought by
Argent Mortgage Company Llc
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
Suvaco Group Llc $64,000 Investors Title Service
Weslake Properties Indiana Llc -- Mtc
Levin Pres Harvey E $19,000 --
General Repair Services Of Indiana In -- --
Us Real Estate Holdings Llc -- --
Levin Pres Harvey E $19,000 --
Buckner Terrell -- None Available
360 Investments Inc -- None Available
Argent Mortgage Company Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buckner Terrell $51,000
Previous Owner 360 Investments Inc $43,092
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2024 09/16/24 Sold $225,000 +15.4% $193 / Sq Ft
07/27/2024 07/27/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $195,000 +254.5% $167 / Sq Ft
05/31/2016 05/31/16 Sold $55,000 -8.2% $47 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $59,900 -- $51 / 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 $2,795 $119,300 $6,500 $112,800
2023 $2,795 $112,800 $6,500 $106,300
2022 $2,845 $115,500 $6,500 $109,000
2021 $2,119 $86,800 $6,500 $80,300
2020 $2,111 $86,200 $2,800 $83,400
2019 $2,067 $82,800 $2,800 $80,000
2018 $2,024 $80,300 $2,800 $77,500
2017 $1,761 $77,800 $2,800 $75,000
2016 $392 $13,700 $2,800 $10,900
2014 $281 $13,000 $2,800 $10,200
2013 $262 $12,600 $2,800 $9,800
Source: Public Records

Agents Affiliated with this Home

  • Devan Lunceford

    Seller's Agent in 2024

    Devan Lunceford

    Totalis Real Estate Solutions

    (812) 230-6651

    2 in this area

    162 Total Sales

    Devan Lunceford
    Section Image

  • J

    Buyer's Agent in 2024

    Joel Mathews

    @properties

    Section Image
  • Charlene Gaard

    Seller's Agent in 2016

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    44 in this area

    272 Total Sales

    Charlene Gaard
    Section Image

  • R

    Buyer's Agent in 2016

    Rebecca Cline

    Northbridge Realty, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21990900

MIBOR Broker Listing Cooperative®

APN: 49-07-32-103-073.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

1410 N Tuxedo St, Indianapolis, IN

This home is located at 1410 N Tuxedo St, Indianapolis, IN 46201 since 16 July 2024 and is currently estimated at $212,534, approximately $182 per square foot. This property was built in 1910. 1410 N Tuxedo St is a home located in Marion County with nearby schools including Brookside School 54, 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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