NOT LISTED FOR SALE

1503 N Gladstone Ave Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $128,000 - $150,000

2 Beds
-- Bath
674 Sq Ft
$208/Sq Ft Est. Value

Last Sold January 05, 2012

Last sale price $25,500 $38 Per Sq Ft

Est. 449% increase in value since last sale

Current estimated payment $938/month

627 Days on Market

About This Home

As of January 2012

Nice 2BR, one-story double on a corner lot. Full basement for storage and new furnace on #1503. Great investment opportunity. Both sides occupied at $400/month

Last Agent to Sell the Property

David Chapin

Listed on: 04/08/2010

Last Buyer's Agent

Mark Forcum

Envoy Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 67

Home Design

  • 674 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Brick Exterior Construction

Additional Features

  • Washer and Dryer Hookup
  • 67 Sq Ft Lot

Community Details

  • Johnsons East 10Th St Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for lawncare, taxes
  • Tax Lot 118-9
  • Assessor Parcel Number 490733178033000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2009
  • Year Built: 1945
  • Building Area Total: 674
  • Structure Type: Duplex
  • Subdivision Name: Johnsons East 10Th St
  • Inspection Warranties: Other
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: dchapin@c21scheetz.com
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Lawncare, Taxes
  • Upper Level Sq Ft: 0
  • SqFt Total: 674

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Fencing: Partial
  • List Price: 28999

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Utilities: Cable Available, Gas
  • Laundry Features: Connections All
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 67
  • Parcel Number: 490733178033000101
  • Acres: <1/4 Acre

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 9600
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1402
  • Tax Lot: 118-9
  • Semi Annual Property Tax Amt: 701
  • Tax Exemption: Homestead Tax Exemption,Mortage Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
Darren Morgan Properties Llc
Bought by
Morgan Darren L
Total Days on Market
627
Current Estimated Value
$139,929

Purchase Details

Closed on
Feb 26, 2016
Sold by
Morgan Darren Lee
Bought by
Darren Morgan Properties Llc

Purchase Details

Closed on
Aug 21, 2015
Sold by
Lawson Wealth Solutions Llc
Bought by
Morgan Darren Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2015
Sold by
Mark Forcum Realty Llc
Bought by
Lawson Wealth Solutions Llc

Purchase Details

Listed on
Apr 8, 2010
Closed on
Jan 5, 2012
Sold by
Fretwell Scot L
Bought by
Mark Forcum Realty Llc
Seller's Agent
David Chapin
Buyer's Agent
Mark Forcum
Envoy Real Estate, LLC
List Price
$52,900
Sold Price
$25,500
Premium/Discount to List
-$27,400
-51.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.54%
Source: Public Records

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Range of Values:

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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
Morgan Darren L -- Chicago Title
Darren Morgan Properties Llc -- Mtc
Morgan Darren Lee -- Mtc
Lawson Wealth Solutions Llc -- First American Title Ins Co
Mark Forcum Realty Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morgan Darren Lee $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2012 01/05/12 Sold $25,500 -51.8% $38 / Sq Ft
12/27/2011 12/27/11 Pending -- -- --
04/08/2010 04/08/10 For Sale $52,900 -- $78 / 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 $2,340 $106,800 $14,000 $92,800
2023 $2,340 $94,400 $14,000 $80,400
2022 $2,253 $91,200 $14,000 $77,200
2021 $2,177 $90,100 $14,000 $76,100
2020 $1,950 $80,000 $5,400 $74,600
2019 $1,808 $72,500 $5,400 $67,100
2018 $1,570 $61,900 $5,400 $56,500
2017 $1,249 $54,400 $5,400 $49,000
2016 $1,175 $52,100 $5,400 $46,700
2014 $1,202 $55,800 $5,400 $50,400
2013 -- $57,300 $5,400 $51,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    David Chapin

  • Mark Forcum

    Buyer's Agent in 2012

    Mark Forcum

    Envoy Real Estate, LLC

    (317) 327-5822

    5 Total Sales

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21018915

MIBOR Broker Listing Cooperative®

APN: 49-07-33-178-033.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

1503 N Gladstone Ave, Indianapolis, IN

This home is located at 1503 N Gladstone Ave, Indianapolis, IN 46201 since 08 April 2010 and is currently estimated at $139,929, approximately $207 per square foot. This property was built in 1945. 1503 N Gladstone Ave 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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