NOT LISTED FOR SALE

1550 N Downey Ave Indianapolis, IN 46219

Eastside Neighborhood

Estimated Value: $236,000 - $239,000

2 Beds
-- Bath
1,018 Sq Ft
$233/Sq Ft Est. Value

Last Sold September 22, 2017

Last sale price $61,715 $61 Per Sq Ft

Est. 285% increase in value since last sale

Current estimated payment $1,739/month

132 Days on Market

About This Home

As of September 2017

Fantastic investment opportunity! Great duplex located just one block from Community East Hospital. Each side is 2 Bedroom, 1 Bathroom with attached one-car garage and full basement. Hardwood floors throughout each side. The second side at 1555 Hawthorne had tenants until 4/23/17. A lot of work has gone into this property, but there is still some opportunity for the right buyer to put their touches on it. Motivated seller, bring us an offer!

Last Agent to Sell the Property

Edwin Maudlin

Dropped Members License #RB14042126 Listed on: 04/24/2017

Dropped Members

Last Buyer's Agent

Edwin Maudlin

Dropped Members License #RB14042126 Listed on: 04/24/2017

Dropped Members

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 5,663

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Additional Features

  • 1-Story Property
  • 5,663 Sq Ft Lot
  • Basement

Community Details

  • Justus Downey Subdivision

Listing and Financial Details

  • Tenant pays for electricity gas insurance
  • The owner pays for sewer water
  • Assessor Parcel Number 490734112003000701

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Ranch,TradAmer
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1954
  • Lot Size Acres: 0.13
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: JUSTUS DOWNEY
  • Inspection Warranties: Not Applicable
  • Property Description: Fantastic investment opportunity! Great duplex located just one block from Community East Hospital. Each side is 2 Bedroom, 1 Bathroom with attached one-car garage and full basement. Hardwood floors throughout each side. The second side at 1555 Hawthorne had tenants until 4/23/17. A lot of work has gone into this property, but there is still some opportunity for the right buyer to put their touches on it. Motivated seller, bring us an offer!
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • F H A Certified: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: One
  • Owner Pays: Sewer,Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: NoLaundry

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Foundation Details: Block,Full
  • Road Access: CityStreet
  • Interstate: Ramp1-3mi

Garage/Parking

  • Garage Spaces: 2
  • Unit Parking: 1 Car Garage

Utilities

  • Solid Waste: 1

Lot Info

  • Current Use: Vacant
  • Parcel Number: 490734112003000701
  • Acres: <1/4 Acre
  • Lot Information: Sidewalks,Tree Mature
  • Lot Number: 3
  • Lot Size: 0.13 AC

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Electricity,Gas,Insurance

Tax Info

  • Tax Annual Amount: 2820
  • Semi Annual Property Tax Amt: 1410
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Sep 22, 2017
Sold by
Sheets Aaron
Bought by
Parker Fredrick C and Parker Tabitha L
Seller's Agent
Edwin Maudlin
Dropped Members
Buyer's Agent
Edwin Maudlin
Highgarden Real Estate
List Price
$95,000
Sold Price
$61,715
Premium/Discount to List
-$33,285
-35.04%
Current Estimated Value
$237,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,785
Avg. Annual Appreciation
18.22%

Purchase Details

Closed on
Mar 9, 2006
Sold by
Burns Stephen F
Bought by
Sheets Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 7, 2006
Sold by
Dye Rose E and Dye Family Trust
Bought by
Burns Stephen F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Parker Fredrick C $61,700 --
Parker Fredrick C $61,715 Enterprise Title
Sheets Aaron -- None Available
Burns Stephen F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheets Aaron $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2017 09/22/17 Sold $61,715 -27.4% $61 / Sq Ft
09/04/2017 09/04/17 Pending -- -- --
08/09/2017 08/09/17 Price Changed $85,000 -5.6% $83 / Sq Ft
07/20/2017 07/20/17 Price Changed $90,000 -5.3% $88 / Sq Ft
06/16/2017 06/16/17 For Sale $95,000 0.0% $93 / Sq Ft
05/29/2017 05/29/17 Pending -- -- --
05/22/2017 05/22/17 Price Changed $95,000 -13.6% $93 / Sq Ft
04/24/2017 04/24/17 For Sale $110,000 -- $108 / 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 $5,926 $244,800 $46,400 $198,400
2023 $5,926 $243,200 $46,400 $196,800
2022 $4,460 $182,400 $46,400 $136,000
2021 $4,340 $181,600 $46,400 $135,200
2020 $3,992 $166,000 $33,600 $132,400
2019 $4,026 $164,400 $33,600 $130,800
2018 $3,649 $147,200 $33,600 $113,600
2017 $3,010 $135,200 $33,600 $101,600
2016 $2,825 $129,400 $33,600 $95,800
2014 $2,646 $122,400 $33,600 $88,800
2013 $2,162 $104,000 $16,800 $87,200
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Edwin Maudlin

    Dropped Members

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21480311

MIBOR Broker Listing Cooperative®

APN: 49-07-34-112-003.000-701

Indiana Marion County Indianapolis 46219 Eastside

1550 N Downey Ave, Indianapolis, IN

This home is located at 1550 N Downey Ave, Indianapolis, IN 46219 since 24 April 2017 and is currently estimated at $237,500, approximately $233 per square foot. This property was built in 1954. 1550 N Downey Ave is a home located in Marion County with nearby schools including Thomas D. Gregg School No. 15, Washington Irving School 14, and Anna Brochhausen School 88.

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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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