NOT LISTED FOR SALE

1625 E Elbert St Indianapolis, IN 46227

Edgewood Neighborhood

Estimated Value: $263,000 - $292,186

2 Beds
-- Bath
1,008 Sq Ft
$279/Sq Ft Est. Value

Last Sold June 04, 2019

Last sale price $188,000 $187 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,863/month

9 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Partially Fenced Property

About This Home

As of June 2019

Great investment opportunity to own this well maintained spacious and updated duplex! New roof, siding, gutters, laminate flooring, electrical breaker boxes, detached 3 car garage with 200 amp service and large mini barn, separate drives for each unit. Huge back yards with privacy fence between units. Tons of natural light in each unit. 3 Bedroom unit is currently rented at $900 per month, lease expires October 30th 2019. Owner currently lives in the 2 Bedroom unit next door. This is a must see!!!

Last Agent to Sell the Property

Kelly Walter

Wall and Associates License #RB16000666 Listed on: 03/30/2019

Last Buyer's Agent

Douglas Lathery

Keller Williams Indy Metro W

Keller Williams Indy Metro W

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,580

Year Built

  • Built in 1964

Lot Details

  • 0.37 Acre Lot
  • Partially Fenced Property
  • Privacy Fence

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property

Community Details

  • Longacre Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • The owner pays for inshazard, water
  • Assessor Parcel Number 491031113031000500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,580

Year Built

Built in 1964

Lot Details

0.37 Acres

Parking

1

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2018
  • Year Built: 1964
  • Lot Size Acres: 0.367
  • Structure Type: Duplex
  • Subdivision Name: LONGACRE
  • Inspection Warranties: Not Applicable
  • Property Description: Great investment opportunity to own this well maintained spacious and updated duplex! New roof, siding, gutters, laminate flooring, electrical breaker boxes, detached 3 car garage with 200 amp service and large mini barn, separate drives for each unit. Huge back yards with privacy fence between units. Tons of natural light in each unit. 3 Bedroom unit is currently rented at $900 per month, lease expires October 30th 2019. Owner currently lives in the 2 Bedroom unit next door. This is a must see!!!
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Lifestyles: Double/Duplex
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: One
  • Owner Pays: InsHazard, Water
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 2016
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel, Fence Partial, Fence Privacy
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: Paved Area,Unpaved

Utilities

  • Solid Waste: 1

Lot Info

  • Parcel Number: 491031113031000500
  • Acres: 1/4-1/2 Acre
  • Lot Information: Suburban,Tree Mature
  • Lot Number: 57
  • Lot Size: 15,987

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Tax Info

  • Tax Annual Amount: 3580
  • Semi Annual Property Tax Amt: 1790
  • Tax Exemption: None

MLS Schools

  • School District: Perry Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2019
Closed on
Jun 3, 2019
Sold by
Craig Jenay M
Bought by
Martin Austin Daniel
Seller's Agent
Kelly Walter
Wall and Associates
Buyer's Agent
Douglas Lathery
Keller Williams Indy Metro W
List Price
$194,500
Sold Price
$188,000
Premium/Discount to List
-$6,500
-3.34%
Current Estimated Value
$280,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,729
Avg. Annual Appreciation
6.08%
Original Mortgage
$177,000
Outstanding Balance
$153,668
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$127,061

Purchase Details

Listed on
Mar 27, 2015
Closed on
Dec 23, 2015
Sold by
Mccauley Laura M
Bought by
Craig Jenay M
Seller's Agent
Freddie Hemrick
Hemrick Property Group Inc.
Buyer's Agent
Ryan Hunter
List Price
$108,900
Sold Price
$74,100
Premium/Discount to List
-$34,800
-31.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.98%
Original Mortgage
$55,575
Interest Rate
3.93%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martin Austin Daniel -- Chicago Title
Craig Jenay M -- Mtc
Mccauley Laura M -- Mtc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Austin Daniel $177,000
Previous Owner Craig Jenay M $55,575
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2019 06/04/19 Sold $188,000 -3.3% $187 / Sq Ft
04/09/2019 04/09/19 Pending -- -- --
03/30/2019 03/30/19 For Sale $194,500 +162.5% $193 / Sq Ft
12/23/2015 12/23/15 Sold $74,100 -32.0% $74 / Sq Ft View Prior Sale
11/24/2015 11/24/15 Pending -- -- --
03/27/2015 03/27/15 For Sale $108,900 -- $108 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $4,834 $340,600 $26,400 $314,200
2024 $4,729 $276,100 $26,400 $249,700
2023 $4,729 $263,900 $26,400 $237,500
2022 $4,419 $242,000 $26,400 $215,600
2021 $3,702 $202,300 $26,400 $175,900
2020 $3,294 $183,600 $26,400 $157,200
2019 $2,099 $127,300 $8,000 $119,300
2018 $2,129 $124,400 $8,000 $116,400
2017 $3,581 $129,900 $8,000 $121,900
2016 $3,712 $134,900 $8,000 $126,900
2014 $3,414 $141,300 $8,000 $133,300
2013 $3,345 $141,300 $8,000 $133,300
Source: Public Records

Agents Affiliated with this Home

  • Kelly Walter

    Seller's Agent in 2019

    Kelly Walter

    Wall and Associates

    (317) 319-1322

    3 Total Sales

    Kelly Walter
    Section Image

  • D

    Buyer's Agent in 2019

    Douglas Lathery

    Keller Williams Indy Metro W

    Section Image
  • Morgan Lathery

    Buyer's Agent in 2019

    Morgan Lathery

    Keller Williams Indy Metro S

    (317) 210-1126

    133 Total Sales

    Morgan Lathery
    Section Image

  • F

    Seller's Agent in 2015

    Freddie Hemrick

    Hemrick Property Group Inc.

    Section Image

  • J

    Seller Co-Listing Agent in 2015

    Jacob Hemrick

    Hemrick Property Group Inc.

    Section Image

  • R

    Buyer's Agent in 2015

    Ryan Hunter

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21581433

MIBOR Broker Listing Cooperative®

APN: 49-10-31-113-031.000-500

Indiana Marion County Indianapolis 46227 Edgewood

1625 E Elbert St, Indianapolis, IN

Not Listed for Sale

MultiFamily

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.
Based on information submitted to the MLS GRID

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