NOT LISTED FOR SALE

1701 N Colorado Ave Indianapolis, IN 46218

Near Eastside Neighborhood

Estimated Value: $126,000 - $161,000

2 Beds
-- Bath
900 Sq Ft
$166/Sq Ft Est. Value

Last Sold July 12, 2023

Last sale price $140,000 $156 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $882/month

2 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Forced Air Heating System
  • Corner Lot

About This Home

As of July 2023

Great investment opportunity! This duplex has been recently refreshed with new flooring and neutral paint throughout. Each unit has 2 bedrooms and 1 full bathroom. Both units were rented out for $650/month before the renovations.

Last Agent to Sell the Property

Carl Vargas

F.C. Tucker Company License #RB14018930 Listed on: 06/07/2023

F.C. Tucker Company

Co-Listed By

Kelly Johnston

F.C. Tucker Company License #RB17001924

Last Buyer's Agent

Cung Bik

Landtree, REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,598

Year Built

  • Built in 1949

Lot Details

  • 40 Sq Ft Lot
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector

Additional Features

  • City Lot
  • Forced Air Heating System

Community Details

  • Clarkes Brookside Gardens Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, insurance
  • The owner pays for taxes
  • Tax Lot 62
  • Assessor Parcel Number 490733172030000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,598

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1949
  • Co List Office Phone: 317-271-1700
  • Lot Size Acres: 0.13
  • Road Frontage Type: City Street
  • Structure Type: Duplex
  • Subdivision Name: Clarkes Brookside Gardens
  • Inspection Warranties: General
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: carl@carlvargasteam.com
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Levels: One
  • Owner Pays: Taxes
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 140000
  • Waterfront: No
  • Road Access: Street Cuts

Garage/Parking

  • Parking Features: Street Only
  • Unit Parking: On Street

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air
  • Laundry Features: Connections Some
  • Security Features: Smoke Alarm
  • Solid Waste: No

Fee Information

  • Expenses: 2400

Lot Info

  • Lot Features: City Lot, Corner Lot
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 40
  • Parcel Number: 490733172030000101
  • Zoning: Residential
  • Acres: <1/4 Acre
  • Price Acre: 1076923.07692308

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: All Utilities, Insurance

Multi Family

  • Gross Income: 15000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1598
  • Tax Lot: 62
  • Semi Annual Property Tax Amt: 799
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2018
Sold by
Nash Wallace
Bought by
Deken Ronald
Total Days on Market
2
Current Estimated Value
$149,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Outstanding Balance
$32,838
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$116,388

Purchase Details

Closed on
Dec 12, 2016
Sold by
Gregory Martin
Bought by
Wallace Nash

Purchase Details

Closed on
Aug 12, 2010
Sold by
Stafford Helen R and Schilling Toby Jay
Bought by
Martin Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,337
Interest Rate
4.45%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Deken Ronald $50,000 None Available
Wallace Nash $5,000 --
Martin Gregory -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deken Ronald $37,500
Previous Owner Martin Gregory $39,337
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2023 07/12/23 Sold $140,000 0.0% $156 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $140,000 -- $156 / 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 $1,074 $142,400 $7,600 $134,800
2023 $1,074 $66,200 $7,600 $58,600
2022 $1,600 $62,000 $7,600 $54,400
2021 $1,324 $51,600 $7,600 $44,000
2020 $1,308 $50,800 $7,600 $43,200
2019 $1,356 $52,000 $7,600 $44,400
2018 $1,613 $62,400 $7,600 $54,800
2017 $1,423 $61,200 $7,600 $53,600
2016 $1,393 $61,200 $7,600 $53,600
2014 $1,250 $57,800 $7,600 $50,200
2013 $1,202 $57,800 $7,600 $50,200
Source: Public Records

Agents Affiliated with this Home

  • Carl Vargas

    Seller's Agent in 2023

    Carl Vargas

    F.C. Tucker Company

    (317) 590-6390

    1 in this area

    348 Total Sales

    Carl Vargas
    Section Image

  • K

    Seller Co-Listing Agent in 2023

    Kelly Johnston

    F.C. Tucker Company

    (317) 450-8834

    2 in this area

    32 Total Sales

    Kelly Johnston
    Section Image

  • C

    Buyer's Agent in 2023

    Cung Bik

    Landtree, REALTORS®

    (317) 772-0669

    4 in this area

    22 Total Sales

    Cung Bik
    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21925317

MIBOR Broker Listing Cooperative®

APN: 49-07-33-172-030.000-101

Indiana Marion County Indianapolis 46218 Near Eastside

1701 N Colorado Ave, Indianapolis, IN

This home is located at 1701 N Colorado Ave, Indianapolis, IN 46218 since 07 June 2023 and is currently estimated at $149,226, approximately $165 per square foot. This property was built in 1949. 1701 N Colorado Ave is a home located in Marion County with nearby schools including Brookside School 54, 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.

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