NOT LISTED FOR SALE

1611 N Arsenal Ave Indianapolis, IN 46218

Martindale-Brightwood Neighborhood

Estimated Value: $87,263 - $173,000

0.13 Acre
$1,006,326 Price per Acre
5,619 Sq Ft Lot

Last Sold September 11, 2018

Last sale price $46,500 $35 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $697/month

47 Days on Market

About This Lot

As of September 2018

MONON 16: Come be a part of the Tinker Street explosion. With 80+ single family new builds already underway, new restaurants, breweries, distileries, apartment development announcements seemingly every day, here is your chance to buy and build from scratch. Close proximity to the Monon, offering perfect bike/ pedestrian access to both Broad Ripple and Mass Ave and downtown via the Cultural Trail, and just steps away from the all of the locally-owned establishments along 16th, Indy's newest restaurant corridor. 20 minute walk to Monument Circle, the center of Downtown Indianapolis

Last Agent to Sell the Property

Tad Aschliman

@properties License #RB14049156 Listed on: 07/25/2018

@properties

Last Buyer's Agent

Jeff Schabel

RE/MAX Centerstone License #RB14016338

RE/MAX Centerstone

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,138

Lot Details

  • 5,619 Sq Ft Lot

Community Details

  • S A Fletcher Jr North East Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490731188141000101

Property Details

Property Type

Land

Est. Annual Taxes

$1,138

Lot Details

0

Listing Details

  • Type: Single Lot
  • Property Sub Type: Residential Lots
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2017
  • Lot Size Acres: 0.129
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: S A FLETCHER JR NORTH EAST
  • Property Description: MONON 16: Come be a part of the Tinker Street explosion. With 80+ single family new builds already underway, new restaurants, breweries, distileries, apartment development announcements seemingly every day, here is your chance to buy and build from scratch. Close proximity to the Monon, offering perfect bike/ pedestrian access to both Broad Ripple and Mass Ave and downtown via the Cultural Trail, and just steps away from the all of the locally-owned establishments along 16th, Indy's newest restaurant corridor. 20 minute walk to Monument Circle, the center of Downtown Indianapolis
  • Transaction Type: Sale
  • Special Features: None

Interior Features

  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0

Exterior Features

  • Disclosures: Not Applicable
  • List Price: 50000
  • Topography: Cleared
  • Road Access: EasementAcc,AccessRd
  • Water: Fees Other

Utilities

  • Sewer: Other
  • Solid Waste: 1

Lot Info

  • Development Status: NoStatus
  • Number Of Lots: 1
  • Parcel Number: 490731188141000101
  • Zoning: D-5
  • Acres: <1/4 Acre
  • Lot Number: 18
  • Lot Size: 5,619
  • Improvements: CurbsGuters,Sidewalks,StormSewer,StrLights,PavedStr
  • Land Characteristics: City
  • Potential Zoning: Not Applicable
  • Present Zoning: Single Family
  • Price Acre: 387597

Tax Info

  • Tax Annual Amount: 1138
  • Semi Annual Property Tax Amt: 569
  • Tax Exemption: None
  • Tax Info N A Prop Split: 0

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2018
Closed on
Aug 28, 2018
Sold by
Hoosier Veteran Realty Llc
Bought by
Munoz George L and Martinez Leticia
Seller's Agent
Tad Aschliman
@properties
Buyer's Agent
Jeff Schabel
RE/MAX Centerstone
List Price
$50,000
Sold Price
$46,500
Premium/Discount to List
-$3,500
-7%
Current Estimated Value
$129,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,316
Avg. Annual Appreciation
15.61%

Purchase Details

Listed on
Mar 27, 2017
Closed on
Nov 10, 2017
Sold by
S & C Financial Group Llc
Bought by
Hoosier Veteran Realty
Seller's Agent
Scott Wynkoop
Wynkoop Brokerage Firm, LLC
Buyer's Agent
Scott Wynkoop
Wynkoop Brokerage Firm, LLC
List Price
$33,000
Sold Price
$17,500
Premium/Discount to List
-$15,500
-46.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
224.60%

Purchase Details

Closed on
Jan 23, 2017
Sold by
Voorhies Julie L
Bought by
S&C Financial Group Llc
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
Munoz George L $46,500 Hocker & Associates, Llc
Hoosier Veteran Realty $17,500 --
Hoosier Veteran Realty Llc $17,500 Hocker And Associates
Hoosier Veteran Realty Llc $17,500 Hocker And Associates
S&C Financial Group Llc $4,200 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2018 09/11/18 Sold $46,500 -7.0% $35 / Sq Ft
07/25/2018 07/25/18 For Sale $50,000 +185.7% $38 / Sq Ft
11/13/2017 11/13/17 Sold $17,500 -7.9% $11 / Sq Ft View Prior Sale
10/03/2017 10/03/17 Pending -- -- --
09/01/2017 09/01/17 Price Changed $19,000 -5.0% $12 / Sq Ft
08/10/2017 08/10/17 Price Changed $20,000 -9.1% $13 / Sq Ft
08/03/2017 08/03/17 Price Changed $22,000 -4.3% $14 / Sq Ft
07/24/2017 07/24/17 Price Changed $23,000 -4.2% $15 / Sq Ft
06/30/2017 06/30/17 Price Changed $24,000 -4.0% $16 / Sq Ft
06/22/2017 06/22/17 Price Changed $25,000 -10.7% $16 / Sq Ft
06/07/2017 06/07/17 Price Changed $28,000 -3.4% $18 / Sq Ft
05/31/2017 05/31/17 Price Changed $29,000 -3.3% $19 / Sq Ft
05/12/2017 05/12/17 Price Changed $30,000 -6.3% $20 / Sq Ft
04/24/2017 04/24/17 Price Changed $32,000 -3.0% $21 / Sq Ft
03/27/2017 03/27/17 For Sale $33,000 -- $22 / 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 $130 $4,700 $4,700 --
2023 $130 $4,700 $4,700 $0
2022 $131 $4,700 $4,700 $0
2021 $139 $4,700 $4,700 $0
2020 $120 $2,900 $2,900 $0
2019 $120 $2,900 $2,900 $0
2018 $1,423 $57,100 $2,900 $54,200
2017 $1,200 $53,600 $2,900 $50,700
2016 $1,920 $53,600 $2,900 $50,700
2014 $1,077 $49,800 $2,900 $46,900
2013 $1,035 $49,800 $2,900 $46,900
Source: Public Records

Agents Affiliated with this Home

  • Tad Aschliman

    Seller's Agent in 2018

    Tad Aschliman

    @properties

    (317) 696-8823

    23 Total Sales

    Tad Aschliman
    Section Image
  • Jeff Schabel

    Buyer's Agent in 2018

    Jeff Schabel

    RE/MAX Centerstone

    (317) 507-5454

    96 Total Sales

    Jeff Schabel
    Section Image
  • Scott Wynkoop

    Seller's Agent in 2017

    Scott Wynkoop

    Wynkoop Brokerage Firm, LLC

    (317) 590-5032

    18 in this area

    264 Total Sales

    Scott Wynkoop
    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21584039

MIBOR Broker Listing Cooperative®

APN: 49-07-31-188-141.000-101

Indiana Marion County Indianapolis 46201 Martindale-Brightwood

1611 N Arsenal Ave, Indianapolis, IN

This home is located at 1611 N Arsenal Ave, Indianapolis, IN 46218 since 25 July 2018 and is currently estimated at $129,816, approximately $98 per square foot. 1611 N Arsenal Ave is a home located in Marion County with nearby schools including Thomas D. Gregg School No. 15, Washington Irving School 14, and Arlington Woods Elementary School No. 99.

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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