NOT LISTED FOR SALE

1502 Leonard St Indianapolis, IN 46203

Bates-Hendricks Neighborhood

Estimated Value: $193,000 - $443,000

2 Beds
-- Bath
1,022 Sq Ft
$294/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $130,000 $127 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $2,046/month

50 Days on Market

About This Home

As of March 2021

A diamond in the rough! Rare to find, this large duplex is available in the desirable Bates-Hendricks area! Looking to move in and cashflow your mortgage, rent one side and live in the other, or if you're looking for an investment property, cashflow both units with one property. If desired the property can be flipped, current owner used as a rental property. It sits on a corner lot with a detached garage. With close access to Fountain square and downtown Indianapolis, this property has a lot to offer.

Last Agent to Sell the Property

Sarah Fishburn

F.C. Tucker Company License #RB19001567 Listed on: 12/01/2020

F.C. Tucker Company

Last Buyer's Agent

Jacqueline Rudd

ULTRA ELITE GROUP License #RB14026696

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,050

Year Built

  • Built in 1890

Lot Details

  • 3,485

Home Design

  • Traditional Architecture
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 3,485 Sq Ft Lot

Community Details

  • E Chas Newmans Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, lawncare, all utilities
  • The owner pays for insurance, sewer
  • Assessor Parcel Number 491113106002000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,050

Year Built

Built in 1890

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: 1890
  • Lot Size Acres: 0.08
  • Structure Type: Duplex
  • Subdivision Name: E CHAS NEWMANS
  • Inspection Warranties: Not Applicable
  • Property Description: A diamond in the rough! Rare to find, this large duplex is available in the desirable Bates-Hendricks area! Looking to move in and cashflow your mortgage, rent one side and live in the other, or if you're looking for an investment property, cashflow both units with one property. If desired the property can be flipped, current owner used as a rental property. It sits on a corner lot with a detached garage. With close access to Fountain square and downtown Indianapolis, this property has a lot to offer.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Insurance, Sewer
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 155000

Garage/Parking

  • Unit Parking: 2 Car Garage,On Street,Paved Area

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 660

Lot Info

  • Parcel Number: 491113106002000101
  • Acres: <1/4 Acre
  • Lot Information: Corner
  • Lot Number: 1
  • Lot Size: 40 X 82

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Lawncare, All Utilities

Multi Family

  • Net Operating Income: 10740
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1050
  • Semi Annual Property Tax Amt: 525
  • Tax Exemption: HomesteadTaxExemption

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2020
Closed on
Mar 15, 2021
Sold by
Poteet Paul Michael William
Bought by
Leach Grant
Seller's Agent
Sarah Fishburn
F.C. Tucker Company
Buyer's Agent
Jacqueline Rudd
ULTRA ELITE GROUP
List Price
$199,900
Sold Price
$130,000
Premium/Discount to List
-$69,900
-34.97%
Current Estimated Value
$300,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,267
Avg. Annual Appreciation
21.33%
Original Mortgage
$318,172
Outstanding Balance
$288,573
Interest Rate
2.73%
Mortgage Type
FHA
Estimated Equity
$11,694

Purchase Details

Closed on
Mar 11, 2016
Sold by
Fishburn David O
Bought by
Poteet Paul Michael William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,931
Interest Rate
4.37%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Leach Grant -- Enterprise Title
Poteet Paul Michael William -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leach Grant $318,172
Previous Owner Poteet Paul Michael William $57,931
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $130,000 -16.1% $127 / Sq Ft
01/21/2021 01/21/21 Pending -- -- --
01/11/2021 01/11/21 Price Changed $155,000 -6.1% $152 / Sq Ft
12/28/2020 12/28/20 Price Changed $165,000 -8.3% $161 / Sq Ft
12/21/2020 12/21/20 Price Changed $180,000 -5.3% $176 / Sq Ft
12/14/2020 12/14/20 Price Changed $190,000 -5.0% $186 / Sq Ft
12/08/2020 12/08/20 For Sale $199,900 0.0% $196 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $199,900 -- $196 / 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 $4,592 $277,500 $24,800 $252,700
2023 $4,592 $268,700 $24,800 $243,900
2022 $4,696 $268,700 $24,800 $243,900
2021 $2,249 $149,200 $24,800 $124,400
2020 $2,035 $134,800 $24,800 $110,000
2019 $1,163 $71,400 $3,500 $67,900
2018 $1,062 $63,900 $3,500 $60,400
2017 $881 $58,600 $3,500 $55,100
2016 $571 $37,600 $3,500 $34,100
2014 $703 $32,500 $3,500 $29,000
2013 $732 $32,500 $3,500 $29,000
Source: Public Records

Agents Affiliated with this Home

  • Sarah Fishburn

    Seller's Agent in 2021

    Sarah Fishburn

    F.C. Tucker Company

    (317) 686-0612

    25 in this area

    256 Total Sales

    Sarah Fishburn
    Section Image
  • Jacqueline Rudd

    Buyer's Agent in 2021

    Jacqueline Rudd

    ULTRA ELITE GROUP

    (317) 626-7246

    1 in this area

    39 Total Sales

    Jacqueline Rudd
    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21755355

MIBOR Broker Listing Cooperative®

APN: 49-11-13-106-002.000-101

Indiana Marion County Indianapolis 46203 Bates-Hendricks

1502 Leonard St, Indianapolis, IN

This home is located at 1502 Leonard St, Indianapolis, IN 46203 since 01 December 2020 and is currently estimated at $300,267, approximately $293 per square foot. This property was built in 1890. 1502 Leonard St is a home located in Marion County with nearby schools including James A. Garfield School 31, 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.

Nearby Homes