NOT LISTED FOR SALE

1602 E Kelly St Indianapolis, IN 46203

Near Southeast Neighborhood

Estimated Value: $151,000 - $170,000

2 Beds
-- Bath
1,249 Sq Ft
$129/Sq Ft Est. Value

Last Sold October 22, 2019

Last sale price $98,500 $79 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,216/month

1 Day on Market

About This Home

As of October 2019

Attention investors looking for cashflow!! This duplex has a 2BD/2BA and 2BD/1BA. Both units leased with great tenants in place, all utilities split. Many improvements including new A/C's, furnaces, water heaters and durable luxury vinyl plank flooring throughout. All appliances stay. Value add opportunity by renting out the garage currently used by owner. W/D are tenant-owned.

Last Agent to Sell the Property

Cory Robinson

CityPlace Realty License #RB17001811 Listed on: 09/24/2019

Last Buyer's Agent

Cory Robinson

CityPlace Realty License #RB17001811 Listed on: 09/24/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,084

Year Built

  • Built in 1900

Lot Details

  • 4,879 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 1 Car Garage

Home Design

  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Basement

Community Details

  • D M Bradbury & Cos Southeast Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for notapplic
  • Assessor Parcel Number 491019101180000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,084

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Arts&Crafts/Craftsman
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1900
  • Lot Size Acres: 0.112
  • Structure Type: Duplex
  • Subdivision Name: D M BRADBURY & COS SOUTHEAST
  • Inspection Warranties: Not Applicable
  • Property Description: Attention investors looking for cashflow!! This duplex has a 2BD/2BA and 2BD/1BA. Both units leased with great tenants in place, all utilities split. Many improvements including new A/C's, furnaces, water heaters and durable luxury vinyl plank flooring throughout. All appliances stay. Value add opportunity by renting out the garage currently used by owner. W/D are tenant-owned.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: NotApplic
  • Possible Use: Apt<20
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • Exterior Features: Fence Full Rear
  • Foundation Details: Block
  • List Price: 99000
  • Interstate: Ramp<1Mi

Garage/Parking

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

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 5000

Lot Info

  • Current Use: Apt<20
  • Parcel Number: 491019101180000101
  • Acres: <1/4 Acre
  • Lot Information: Corner
  • Lot Number: 147
  • Lot Size: 4,879

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2084
  • Semi Annual Property Tax Amt: 1042
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2019
Closed on
Oct 21, 2019
Sold by
317 Homes Llc
Bought by
I Kennington Protection Llc
Seller's Agent
Cory Robinson
CityPlace Realty
Buyer's Agent
Cory Robinson
CityPlace Realty
List Price
$99,000
Sold Price
$98,500
Premium/Discount to List
-$500
-0.51%
Current Estimated Value
$160,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,000
Avg. Annual Appreciation
10.10%

Purchase Details

Closed on
Jun 13, 2016
Sold by
Compton Joshua
Bought by
317 Homes Llc

Purchase Details

Closed on
Dec 10, 2014
Sold by
Compton Joshua
Bought by
Compton Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2014
Sold by
Compton Joshua
Bought by
Indy Compton Homes

Purchase Details

Listed on
Nov 20, 2013
Closed on
Feb 28, 2014
Sold by
Hoosier Housing Solutions Inc
Bought by
Compton Joshua
Seller's Agent
Rita McCormick
Buyer's Agent
Shawn Holsapple
Keller Williams Indy Metro NE
List Price
$34,240
Sold Price
$20,510
Premium/Discount to List
-$13,730
-40.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.37%

Purchase Details

Listed on
Nov 20, 2013
Closed on
Feb 24, 2014
Sold by
Secretary Of Housing & Urban Development
Bought by
Hoosier Housing Solutions Inc
Seller's Agent
Rita McCormick
Buyer's Agent
Shawn Holsapple
Keller Williams Indy Metro NE
List Price
$34,240
Sold Price
$20,510
Premium/Discount to List
-$13,730
-40.1%

Purchase Details

Closed on
Oct 31, 2013
Sold by
Midfirst Bank
Bought by
Housing And Urban Development

Purchase Details

Closed on
Sep 3, 2013
Sold by
Sanchez Sheriff and Sanchez Rigoberto
Bought by
Midfirst Bank

Purchase Details

Closed on
Aug 22, 2013
Sold by
Layton John R
Bought by
Midfirst Bank Business
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
I Kennington Protection Llc $98,500 Abstract&Title Guaranty Co.Inc
317 Homes Llc -- Mtc
Compton Joshua -- None Available
Indy Compton Homes -- Hocker & Associates Llc
Compton Homes Indy -- None Available
Compton Joshua $26,500 Hocker & Associates
Compton Joshua -- None Available
Hoosier Housing Solutions Inc -- None Available
Housing And Urban Development -- --
Midfirst Bank -- --
Midfirst Bank Business $83,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Compton Joshua $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2019 10/22/19 Sold $98,500 -0.5% $79 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
09/24/2019 09/24/19 For Sale $99,000 +382.7% $79 / Sq Ft
02/28/2014 02/28/14 Sold $20,510 -40.1% $26 / Sq Ft
02/04/2014 02/04/14 Pending -- -- --
11/20/2013 11/20/13 For Sale $34,240 -- $43 / 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 $4,098 $150,700 $8,000 $142,700
2023 $4,098 $167,700 $8,000 $159,700
2022 $3,667 $149,600 $8,000 $141,600
2021 $2,954 $123,000 $8,000 $115,000
2020 $2,699 $111,600 $8,000 $103,600
2019 $2,596 $105,200 $10,100 $95,100
2018 $2,305 $87,500 $10,100 $77,400
2017 $1,839 $81,500 $10,100 $71,400
2016 $1,801 $81,500 $10,100 $71,400
2014 $1,652 $76,400 $10,100 $66,300
2013 $698 $76,400 $10,100 $66,300
Source: Public Records

Agents Affiliated with this Home

  • Cory Robinson

    Seller's Agent in 2019

    Cory Robinson

    CityPlace Realty

    (317) 440-8510

    4 in this area

    62 Total Sales

    Cory Robinson
    Section Image

  • R

    Seller's Agent in 2014

    Rita McCormick

    Section Image

  • S

    Buyer's Agent in 2014

    Shawn Holsapple

    Keller Williams Indy Metro NE

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21670279

MIBOR Broker Listing Cooperative®

APN: 49-10-19-101-180.000-101

Indiana Marion County Indianapolis 46203 Near Southeast

1602 E Kelly St, Indianapolis, IN

This home is located at 1602 E Kelly St, Indianapolis, IN 46203 since 24 September 2019 and is currently estimated at $160,500, approximately $128 per square foot. This property was built in 1900. 1602 E Kelly St is a home located in Marion County with nearby schools including Eleanor Skillen School No. 34, 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.

Nearby Homes