NOT LISTED FOR SALE

1603 E Michigan St Indianapolis, IN 46201

Holy Cross Neighborhood

Estimated Value: $286,000

2 Beds
-- Bath
690 Sq Ft
$414/Sq Ft Est. Value

Last Sold June 09, 2015

Last sale price $123,000 $178 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $1,949/month

143 Days on Market

About This Home

As of June 2015

Move into one side and rent from the other in this beautiful double. In good condition with much of the interior classic woodwork intact, this is a terrific opportunity to ride the wave of community enhancement and redevelopment in this great location across from Tech High School. Enjoy t he advantages of being near downtown for work, school and play.

Last Agent to Sell the Property

Dan Bowden

F.C. Tucker Company Listed on: 12/12/2014

F.C. Tucker Company

Last Buyer's Agent

Nick McNeely

F.C. Tucker Company

F.C. Tucker Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,510

Year Built

  • Built in 1910

Lot Details

  • 6,403 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 690 Sq Ft Home
  • 2-Story Property
  • Home Security System
  • Washer and Dryer Hookup

Community Details

  • Sturm & Kollers Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for insurance, taxes
  • Tax Lot 10
  • Assessor Parcel Number 491006132023000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,510

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2013
  • Year Built: 1910
  • Building Area Total: 690
  • Lot Size Acres: 0.147
  • Structure Type: Duplex
  • Subdivision Name: Sturm & Kollers
  • Inspection Warranties: Other
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: dbowden@talktotucker.com
  • Special Features: None

Interior Features

  • Levels: Basement, Two
  • Living Area: 690
  • Owner Pays: Insurance, Insurance, Taxes
  • Main Level Sq Ft: 690
  • SqFt Total: 1380

Exterior Features

  • Construction Materials: Wood Siding, Wood
  • Disclosures: Not Applicable
  • List Price: 139900

Garage/Parking

  • Unit Parking: On Street,2 Car Space

Utilities

  • Utilities: Gas, Sewer Connected, Water Connected
  • Laundry Features: Connections All
  • Security Features: Security System
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Fence Full Rear
  • Additional Parcels: No
  • Lot Size Sq Ft: 0.15
  • Parcel Number: 491006132023000101
  • Acres: 1/4-1/2 Acre

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 1350
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2510
  • Tax Lot: 10
  • Semi Annual Property Tax Amt: 1255
  • Tax Exemption: Mortage Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2022
Sold by
Salmon Philip
Bought by
1600 Michigan Llc
Current Estimated Value
$286,000

Purchase Details

Closed on
Aug 13, 2020
Sold by
Salmon Philip
Bought by
Salmon Philip

Purchase Details

Closed on
Aug 10, 2020
Sold by
Salmon Philip
Bought by
Salmon Philip and Salmon Philip

Purchase Details

Listed on
Dec 12, 2014
Closed on
Jun 9, 2015
Sold by
Bazilio Rayman E
Bought by
Salmon Philip
Seller's Agent
Dan Bowden
F.C. Tucker Company
Buyer's Agent
Nick McNeely
F.C. Tucker Company
List Price
$149,900
Sold Price
$123,000
Premium/Discount to List
-$26,900
-17.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
Original Mortgage
$92,250
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2011
Sold by
Raybaz Llc
Bought by
Bazilio Rayman E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2008
Sold by
Bazilio Rayman E
Bought by
Raybaz Llc

Purchase Details

Closed on
Feb 7, 2006
Sold by
Peck Joh and Peck Joyce
Bought by
Bazilio Rayman E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.34%
Mortgage Type
New Conventional
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
1600 Michigan Llc -- --
1600 Michigan Llc -- --
Salmon Philip -- None Available
Salmon Philip -- None Listed On Document
Salmon Philip -- None Available
Bazilio Rayman E -- Lenders Escrow & Title Servi
Raybaz Llc -- None Available
Bazilio Rayman E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salmon Phillip $161,250
Previous Owner Salmon Philip $170,000
Previous Owner Salmon Philip $92,250
Previous Owner Bazilio Rayman E $63,000
Previous Owner Bazilio Rayman E $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2015 06/09/15 Sold $123,000 -17.9% $178 / Sq Ft
05/05/2015 05/05/15 Pending -- -- --
12/12/2014 12/12/14 For Sale $149,900 -- $217 / 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 $4,726 $193,400 $21,600 $171,800
2023 $4,726 $193,400 $21,600 $171,800
2022 $4,304 $177,000 $21,600 $155,400
2021 $3,573 $149,500 $21,600 $127,900
2020 $3,838 $160,500 $21,600 $138,900
2019 $3,619 $148,300 $21,600 $126,700
2018 $3,453 $140,100 $21,600 $118,500
2017 $2,944 $133,000 $21,600 $111,400
2016 $2,756 $126,900 $21,600 $105,300
2014 $2,609 $120,900 $21,600 $99,300
2013 -- $120,900 $21,600 $99,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Dan Bowden

    F.C. Tucker Company

    Section Image

  • N

    Buyer's Agent in 2015

    Nick McNeely

    F.C. Tucker Company

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21328329

MIBOR Broker Listing Cooperative®

APN: 49-10-06-132-023.000-101

Indiana Marion County Indianapolis 46201 Holy Cross

1603 E Michigan St, Indianapolis, IN

This home is located at 1603 E Michigan St, Indianapolis, IN 46201 since 12 December 2014 and is currently estimated at $286,000, approximately $414 per square foot. This property was built in 1910. 1603 E Michigan St is a home located in Marion County with nearby schools including Washington Irving School 14, Arsenal Technical High School, and George Washington Community High School No. 721.

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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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