NOT LISTED FOR SALE

1425 E Michigan St Indianapolis, IN 46201

Holy Cross Neighborhood

Estimated Value: $193,000 - $264,904

2 Beds
1 Bath
1,307 Sq Ft
$169/Sq Ft Est. Value

Last Sold March 05, 2021

Last sale price $145,000 $111 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,454/month

18 Days on Market

About This Home

As of March 2021

Investment opportunity with huge upside in Holy Cross! Needs complete renovation, inside & out. Could be an amazing asset to add to your portfolio, or convert to a single family and flip with high ROI. Several options, don't miss out on this opportunity!

Last Agent to Sell the Property

Nicholas Krudy

Indy Real Estate Consulting License #RB14050622 Listed on: 12/04/2020

Last Buyer's Agent

Sterling Davis

Ethosity Property Management G

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,344

Year Built

  • Built in 1920

Lot Details

  • 6,186 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Aluminum Siding

Community Details

  • Holy Cross Subdivision

Listing and Financial Details

  • Tenant pays for notapplic
  • The owner pays for notapplic
  • Assessor Parcel Number 491006186030000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,344

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1920
  • Lot Size Acres: 0.142
  • Subdivision Name: HOLY CROSS
  • Inspection Warranties: Not Applicable
  • Property Description: Investment opportunity with huge upside in Holy Cross! Needs complete renovation, inside & out. Could be an amazing asset to add to your portfolio, or convert to a single family and flip with high ROI. Several options, don't miss out on this opportunity!
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Owner Pays: NotApplic
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Other

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • List Price: 152500

Garage/Parking

  • Unit Parking: Other

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 491006186030000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Busline
  • Lot Number: 7
  • Lot Size: 6,186

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: NotApplic

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1344
  • Semi Annual Property Tax Amt: 672
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Mar 5, 2021
Sold by
Economic Insight Llc
Bought by
Aos Holdings Llc
Seller's Agent
Nicholas Krudy
Indy Real Estate Consulting
Buyer's Agent
Sterling Davis
Ethosity Property Management G
List Price
$154,900
Sold Price
$145,000
Premium/Discount to List
-$9,900
-6.39%
Current Estimated Value
$222,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,852
Avg. Annual Appreciation
11.23%

Purchase Details

Closed on
Mar 15, 2019
Sold by
Indy Real Estate Consulting Llc
Bought by
Economic Insight Llc

Purchase Details

Closed on
Mar 12, 2019
Sold by
Torvik Stephen P
Bought by
Indy Real Estate Consulting Llc

Purchase Details

Closed on
Sep 6, 2018
Sold by
Stiff Mary I
Bought by
Torvik Stephen P
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
Aos Holdings Llc $145,000 None Available
Economic Insight Llc -- None Available
Indy Real Estate Consulting Llc $80,000 Eagle Land Title
Torvik Stephen P -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2021 03/05/21 Sold $145,000 -4.9% $111 / Sq Ft
02/25/2021 02/25/21 Price Changed $152,500 -1.5% $117 / Sq Ft
02/02/2021 02/02/21 For Sale $154,900 +6.8% $119 / Sq Ft
02/01/2021 02/01/21 Off Market $145,000 -- --
01/22/2021 01/22/21 For Sale $154,900 0.0% $119 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
12/04/2020 12/04/20 For Sale $154,900 -- $119 / 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 $6,877 $199,700 $48,200 $151,500
2023 $6,877 $199,700 $48,200 $151,500
2022 $6,612 $185,200 $48,200 $137,000
2021 $3,835 $161,200 $48,200 $113,000
2020 $3,340 $68,200 $21,400 $46,800
2019 $1,456 $56,900 $21,400 $35,500
2018 $1,285 $49,300 $21,400 $27,900
2017 $1,022 $43,000 $21,400 $21,600
2016 $884 $37,400 $21,400 $16,000
2014 $685 $31,700 $21,400 $10,300
2013 $659 $31,700 $21,400 $10,300
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Krudy

    Seller's Agent in 2021

    Nicholas Krudy

    Indy Real Estate Consulting

    (317) 435-7030

    5 in this area

    48 Total Sales

    Section Image

  • S

    Buyer's Agent in 2021

    Sterling Davis

    Ethosity Property Management G

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21756034

MIBOR Broker Listing Cooperative®

APN: 49-10-06-186-030.000-101

Indiana Marion County Indianapolis 46201 Holy Cross

1425 E Michigan St, Indianapolis, IN

This home is located at 1425 E Michigan St, Indianapolis, IN 46201 since 04 December 2020 and is currently estimated at $220,635, approximately $168 per square foot. This property was built in 1920. 1425 E Michigan St is a home located in Marion County with nearby schools including Washington Irving School 14, Arsenal Technical High 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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