NOT LISTED FOR SALE

1516 N Rural St Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $108,000 - $225,000

2 Beds
2 Baths
1,332 Sq Ft
$130/Sq Ft Est. Value

Last Sold June 04, 2024

Last sale price $103,400 $78 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $973/month

8 Days on Market

Highlights

  • City View
  • Corner Lot
  • Covered Patio or Porch
  • Traditional Architecture
  • No HOA
  • Eat-In Kitchen

About This Home

As of June 2024

This 2-bedroom, 2-full bath home is situated on a corner lot in a convenient location near downtown Indianapolis, I-70, and Brookside Park. The home features a covered porch, a basement for additional storage or living space, and the unique potential to be converted back from its current split layout. With these features and prime location, this property offers an opportunity for comfortable living in a bustling urban setting.

Last Agent to Sell the Property

Lindsey Smalling

F.C. Tucker Company Brokerage Email: smallingeliterealtygroup@gmail.com License #RB14038038 Listed on: 05/01/2024

F.C. Tucker Company

Co-Listed By

Kim Richter

Highgarden Real Estate Brokerage Email: smallingeliterealtygroup@gmail.com License #RB22000063

Last Buyer's Agent

Chris Price

Keller Williams Indy Metro W

Keller Williams Indy Metro W

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $760

Year Built

  • Built in 1938

Lot Details

  • 9,670 Sq Ft Lot
  • Corner Lot

Property Views

  • City
  • Neighborhood

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,332 Sq Ft Home
  • 1-Story Property
  • Paddle Fans
  • Window Screens
  • Combination Kitchen and Dining Room
  • Basement
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Schools

  • Arlington Woods School 99 Elementary School
  • Arlington Community Middle School
  • Arsenal Technical High School

Additional Features

  • Covered Patio or Porch
  • Water Heater

Community Details

  • No Home Owners Association
  • J L Millers Sub Vajens Springdale Subdivision

Listing and Financial Details

  • Tax Lot 17-19
  • Assessor Parcel Number 490732143001000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$760

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1938
  • Building Area Total: 2172
  • Garage Y N: No
  • Lot Size Acres: 0.22
  • Subdivision Name: J L Millers Sub Vajens Springdale
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: smallingeliterealtygroup@gmail.com
  • Attribution Contact: smallingeliterealtygroup@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Appliances: Disposal, MicroHood, Water Heater
  • Levels: One
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Paddle Fan, Eat-in Kitchen, Screens Some
  • Living Area: 1332
  • Other Equipment: Smoke Alarm
  • Spa Y N: No
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 2
  • Main Level Sq Ft: 1332
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • Direction Faces: North
  • Fencing: Partial
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Covered Porch
  • Pool Private Y N: No
  • View: City, Neighborhood
  • View Y N: Yes
  • Waterfront: No

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Other
  • Heating: Other
  • Laundry Features: Connections All, Main Level
  • Water Source: Other
  • Solid Waste: Yes

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Arlington Community Middle School

Lot Info

  • Lot Features: Corner Lot, Not In Subdivision
  • Property Attached Yn: No
  • Additional Parcels: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 9670
  • Parcel Number: 490732143001000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 760
  • Tax Lot: 17-19
  • Semi Annual Property Tax Amt: 380
  • Tax Exemption: Homestead Tax Exemption,Other Tax Exemption/See Remarks

MLS Schools

  • Elementary School: Arlington Woods School 99
  • High School: Arsenal Technical High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2025
Sold by
Lewis Jonathan
Bought by
Sunrise Results Llc
Current Estimated Value
$173,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,750
Outstanding Balance
$146,977
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$26,814

Purchase Details

Listed on
May 1, 2024
Closed on
Jun 5, 2024
Sold by
Dela Cruz Juan Carlos Vicente
Bought by
Lewis Jonathan
Seller's Agent
Lindsey Smalling
F.C. Tucker Company
Buyer's Agent
Chris Price
Keller Williams Indy Metro W
List Price
$99,000
Sold Price
$103,400
Premium/Discount to List
$4,400
4.44%
Views
117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.68%
Original Mortgage
$128,900
Interest Rate
7.22%
Mortgage Type
Construction

Purchase Details

Listed on
May 1, 2024
Closed on
May 31, 2024
Sold by
Dela Cruz Juan Carlos Vicente
Bought by
Lewis Jonathan
Seller's Agent
Lindsey Smalling
F.C. Tucker Company
Buyer's Agent
Chris Price
Keller Williams Indy Metro W
List Price
$99,000
Sold Price
$103,400
Premium/Discount to List
$4,400
4.44%
Views
117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,900
Interest Rate
7.22%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 20, 2019
Sold by
Scholtens Llc
Bought by
Vincente Juan Carlos and Lacruz De La

Purchase Details

Closed on
Jan 24, 2014
Sold by
Marion County Auditor
Bought by
Marion County

Purchase Details

Closed on
Jan 23, 2014
Sold by
Harbour Portfolio Vi Lp
Bought by
County Of Marion

Purchase Details

Closed on
Jun 25, 2013
Sold by
Harbour Portfolio Vi Lp
Bought by
Eh Pooled 513 Lp

Purchase Details

Closed on
Oct 5, 2010
Sold by
Fannie Mae
Bought by
Harbour Portfolio Vi Lp

Purchase Details

Closed on
Jul 1, 2010
Sold by
Cullen Robert B
Bought by
Federal National Mortgage Association
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
Sunrise Results Llc -- Trademark Title Services
Lewis Jonathan $103,400 Title Alliance
Lewis Jonathan -- Title Alliance
Vincente Juan Carlos $31,000 None Available
Marion County $3,500 --
Scholtens Llc $3,500 None Available
County Of Marion $5,881 None Available
Eh Pooled 513 Lp $4,800 --
Harbour Portfolio Vi Lp $2,117 None Available
Federal National Mortgage Association $8,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunrise Results Llc $147,750
Previous Owner Lewis Jonathan $128,900
Previous Owner Lewis Jonathan $128,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2024 06/04/24 Sold $103,400 +4.4% $78 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $99,000 -- $74 / 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 $759 $94,700 $10,900 $83,800
2023 $759 $90,300 $10,900 $79,400
2022 $1,052 $100,400 $10,900 $89,500
2021 $823 $85,000 $10,900 $74,100
2020 $325 $34,400 $4,900 $29,500
2019 $319 $33,300 $4,900 $28,400
2018 $804 $31,100 $4,900 $26,200
2017 $648 $27,600 $4,900 $22,700
2016 $634 $27,600 $4,900 $22,700
2014 $1,436 $66,400 $4,900 $61,500
2013 $1,465 $66,400 $4,900 $61,500
Source: Public Records

Agents Affiliated with this Home

  • Lindsey Smalling

    Seller's Agent in 2024

    Lindsey Smalling

    F.C. Tucker Company

    (317) 435-5914

    4 in this area

    1,225 Total Sales

    Lindsey Smalling
    Section Image
  • Kim Richter

    Seller Co-Listing Agent in 2024

    Kim Richter

    Highgarden Real Estate

    (317) 654-1441

    2 in this area

    109 Total Sales

    Kim Richter
    Section Image

  • C

    Buyer's Agent in 2024

    Chris Price

    Keller Williams Indy Metro W

    Section Image

  • B

    Buyer Co-Listing Agent in 2024

    Billy Prather

    Keller Williams Indy Metro W

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21972180

MIBOR Broker Listing Cooperative®

APN: 49-07-32-143-001.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

1516 N Rural St, Indianapolis, IN

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