NOT LISTED FOR SALE

1427 E Edwards Ave Indianapolis, IN 46227

University Heights Neighborhood

Estimated Value: $220,166 - $280,000

5 Beds
1 Bath
2,072 Sq Ft
$119/Sq Ft Est. Value

Last Sold September 13, 2022

Last sale price $230,000 $111 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,630/month

About This Home

As of September 2022

An excellent investment opportunity near University of Indianapolis (U of I) campus with automatic cash flow. The property consists of 4 updated and clean residential units and 4 private parking spaces. Over $95,000 has been invested into the property over the last 15 years providing tenants a safe and comfortable environment. Property has been maintained on a regular maintenance schedule. Updates include new roof ('14), air conditioners, bathroom renovations, carpet, paint, kitchen & bathroom flooring, and water heater. Tenants pay electricity. Contact agent directly for a showing (317-869-5749).

Last Agent to Sell the Property

Todd Garrison

Todd Realty Group, LLC Listed on: 08/07/2022

Last Buyer's Agent

Isaac Barrow

Brick and Mortar Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,938

Year Built

  • Built in 1901

Lot Details

  • 5,445 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Aluminum Siding

Community Details

  • Elders University Heights Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas
  • Assessor Parcel Number 491031101001349501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,938

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1901
  • Lot Size Acres: 0.125
  • Subdivision Name: ELDERS UNIVERSITY HEIGHTS
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 1
  • Conversion: 1
  • MBR_AttributionContact: toddrealtygroup2013@gmail.com
  • Special Features: None

Interior Features

  • Owner Pays: Gas
  • Sq Ft Main Upper: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • List Price: 230000

Garage/Parking

  • Unit Parking: Parking Lot

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 1642

Lot Info

  • Parcel Number: 491031101001349501
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Sidewalks
  • Lot Number: 368
  • Lot Size: 5,445

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2938
  • Semi Annual Property Tax Amt: 1469
  • Tax Exemption: None

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2023
Sold by
Old Fashion Properties Llc
Bought by
Bcd Holdings Llc
Current Estimated Value
$246,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$155,575
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$90,717

Purchase Details

Closed on
Apr 24, 2023
Sold by
Old Fashion Properties Llc
Bought by
Bcd Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$155,575
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$90,717

Purchase Details

Listed on
Aug 7, 2022
Closed on
Oct 27, 2022
Sold by
Storm Kevin P
Bought by
Old Fashion Properties Llc
Seller's Agent
Todd Garrison
Todd Realty Group, LLC
Buyer's Agent
Isaac Barrow
Brick and Mortar Realty LLC
List Price
$230,000
Sold Price
$230,000
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.29%
Original Mortgage
$172,500
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2022
Closed on
Oct 24, 2022
Sold by
Storm Kevin P and Storm Marie C
Bought by
Old Fashion Properties Llc
Seller's Agent
Todd Garrison
Todd Realty Group, LLC
Buyer's Agent
Isaac Barrow
Brick and Mortar Realty LLC
List Price
$230,000
Sold Price
$230,000
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2022
Closed on
Sep 19, 2022
Sold by
Mullen Marlowe R and Mullen Donna K
Bought by
Storm Kevin P and Storm Marie C
Seller's Agent
Todd Garrison
Todd Realty Group, LLC
Buyer's Agent
Isaac Barrow
Brick and Mortar Realty LLC
List Price
$230,000
Sold Price
$230,000
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
5.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Bcd Holdings Llc $200,000 Security Title
Bcd Holdings Llc -- Security Title
Old Fashion Properties Llc -- --
Old Fashion Properties Llc -- None Listed On Document
Storm Kevin P -- Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bcd Holdings Llc $160,000
Closed Bcd Holdings Llc $160,000
Previous Owner Storm Kevin P $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2022 09/13/22 Sold $230,000 0.0% $111 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
08/07/2022 08/07/22 For Sale $230,000 -- $111 / 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 $3,964 $185,500 $18,200 $167,300
2023 $3,964 $163,400 $18,200 $145,200
2022 $3,526 $145,700 $18,200 $127,500
2021 $3,023 $127,400 $18,200 $109,200
2020 $2,921 $122,600 $18,200 $104,400
2019 $2,833 $116,600 $13,800 $102,800
2018 $2,471 $100,400 $13,800 $86,600
2017 $2,168 $98,500 $13,800 $84,700
2016 $1,939 $89,700 $13,800 $75,900
2014 $1,706 $78,900 $13,800 $65,100
2013 $1,786 $78,100 $13,800 $64,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Todd Garrison

    Todd Realty Group, LLC

    Section Image

  • I

    Buyer's Agent in 2022

    Isaac Barrow

    Brick and Mortar Realty LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21874628

MIBOR Broker Listing Cooperative®

APN: 49-10-31-101-001.349-501

Indiana Marion County Indianapolis 46227 University Heights

1427 E Edwards Ave, Indianapolis, IN

This home is located at 1427 E Edwards Ave, Indianapolis, IN 46227 since 07 August 2022 and is currently estimated at $246,292, approximately $118 per square foot. This property was built in 1901. 1427 E Edwards Ave is a home located in Marion County with nearby schools including Eleanor Skillen School No. 34, George W. Julian School No. 57, and James A. Garfield School 31.

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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