NOT LISTED FOR SALE

1541 S Reisner St Indianapolis, IN 46221

West Indianapolis Neighborhood

Estimated Value: $16,353 - $118,000

3 Beds
-- Bath
574 Sq Ft
$126/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $14,000 $24 Per Sq Ft

Est. 430% increase in value since last sale

Current estimated payment $480/month

7 Days on Market

About This Home

As of March 2022

Property is fire damaged.

Last Agent to Sell the Property

Steve Flanagan

R. P. Lux Company Listed on: 12/17/2021

Last Buyer's Agent

Arch Nevins

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 5,619

Home Design

  • Bungalow
  • Vinyl Siding

Additional Features

  • 1-Story Property
  • 5,619 Sq Ft Lot

Community Details

  • Bonds Pleasant Addition Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, lawncare, no utilities
  • The owner pays for electricity, gas, taxes, sewer, water
  • Assessor Parcel Number 491115144010000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1930
  • Lot Size Acres: 0.129
  • Structure Type: Duplex
  • Subdivision Name: BONDS PLEASANT ADDITION
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Electricity, Gas, Taxes, Sewer, Water
  • Sq Ft Main Upper: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 30000

Garage/Parking

  • Unit Parking: On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 0

Lot Info

  • Parcel Number: 491115144010000101
  • Acres: <1/4 Acre
  • Lot Information: Curbs,Sidewalks,Storm Sewer,Street Lights
  • Lot Number: 9
  • Lot Size: 5,619

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Lawncare, No Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 952
  • Semi Annual Property Tax Amt: 476
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2021
Closed on
Mar 24, 2022
Sold by
Johnson Justin J
Bought by
Sanchez Manuel
Seller's Agent
Steve Flanagan
R. P. Lux Company
Buyer's Agent
Arch Nevins
eXp Realty, LLC
List Price
$30,000
Sold Price
$14,000
Premium/Discount to List
-$16,000
-53.33%
Current Estimated Value
$74,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,254
Avg. Annual Appreciation
70.95%

Purchase Details

Listed on
Dec 17, 2021
Closed on
Mar 18, 2022
Sold by
Johnson Justin J
Bought by
Sanchez Manuel
Seller's Agent
Steve Flanagan
R. P. Lux Company
Buyer's Agent
Arch Nevins
eXp Realty, LLC
List Price
$30,000
Sold Price
$14,000
Premium/Discount to List
-$16,000
-53.33%

Purchase Details

Listed on
Jul 7, 2018
Closed on
Oct 19, 2018
Sold by
Mlr Paramount Llc
Bought by
Johnson Justin J
Seller's Agent
Charlene Gaard
No Limit Real Estate, LLC
Buyer's Agent
Steve Flanagan
R. P. Lux Company
List Price
$59,900
Sold Price
$45,000
Premium/Discount to List
-$14,900
-24.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-28.99%
Original Mortgage
$35,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2018
Sold by
Mcadams Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,866
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2005
Sold by
R A M Investments Llc
Bought by
Mcadams Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2005
Sold by
Hardwick Linda Anderson
Bought by
R A M Investments Llc

Purchase Details

Closed on
Jan 12, 2005
Sold by
Bittle Betty A
Bought by
Anderson Hardwick Linda J
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
Sanchez Manuel -- Bray Miranda D
Sanchez Manuel $14,000 Bray Miranda D
Johnson Justin J $45,000 Monument Title Insurance Compa
-- $21,500 --
Mlr Paramount Llc $21,500 Monument Title Insurance Compa
Mcadams Robert -- None Available
R A M Investments Llc -- None Available
Anderson Hardwick Linda J $2,415 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Justin J $35,000
Previous Owner Mlr Paramount Llc $22,866
Previous Owner Mcadams Robert $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $14,000 -53.3% $24 / Sq Ft
12/24/2021 12/24/21 Pending -- -- --
12/17/2021 12/17/21 For Sale $30,000 -33.3% $52 / Sq Ft
10/22/2018 10/22/18 Sold $45,000 -9.8% $78 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
07/28/2018 07/28/18 Price Changed $49,900 -9.3% $87 / Sq Ft
07/17/2018 07/17/18 Price Changed $55,000 -8.2% $96 / Sq Ft
07/07/2018 07/07/18 For Sale $59,900 -- $104 / 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 $838 $6,400 $2,800 $3,600
2023 $838 $5,800 $2,800 $3,000
2022 $2,714 $70,200 $2,800 $67,400
2021 $1,182 $47,600 $2,800 $44,800
2020 $935 $36,800 $2,800 $34,000
2019 $912 $35,200 $2,800 $32,400
2018 $665 $24,600 $2,800 $21,800
2017 $536 $21,600 $2,800 $18,800
2016 $507 $20,800 $2,800 $18,000
2014 $428 $19,800 $2,800 $17,000
2013 $541 $24,000 $2,800 $21,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Steve Flanagan

    R. P. Lux Company

    Section Image

  • A

    Buyer's Agent in 2022

    Arch Nevins

    eXp Realty, LLC

    Section Image
  • Charlene Gaard

    Seller's Agent in 2018

    Charlene Gaard

    No Limit Real Estate, LLC

    (317) 440-2149

    7 in this area

    283 Total Sales

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21829384

MIBOR Broker Listing Cooperative®

APN: 49-11-15-144-010.000-101

Indiana Marion County Indianapolis 46221 West Indianapolis

1541 S Reisner St, Indianapolis, IN

This home is located at 1541 S Reisner St, Indianapolis, IN 46221 since 17 December 2021 and is currently estimated at $72,451, approximately $126 per square foot. This property was built in 1930. 1541 S Reisner St is a home located in Marion County with nearby schools including Daniel Webster School 46, George Washington Community High School (9-12), 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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