NOT LISTED FOR SALE

1717 N Colorado Ave Indianapolis, IN 46218

Near Eastside Neighborhood

Estimated Value: $130,000 - $156,000

2 Beds
-- Bath
840 Sq Ft
$170/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $85,500 $102 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,007/month

3 Days on Market

About This Home

As of July 2020

Very charming and spacious Duplex near Little Flower neighborhood. One side is remodeled and ready to be moved into and live for next nothing. Very reliable tenant on south side or rent both for a great investment income. Near bus line.

Last Agent to Sell the Property

Lisa Meulbroek

Liberty Real Estate, LLC. License #RB14026284 Listed on: 06/26/2020

Co-Listed By

Chris Meulbroek

Liberty Real Estate, LLC. License #RB14047727

Last Buyer's Agent

Hayley Wild

Compass Indiana, LLC

Compass Indiana, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,082

Year Built

  • Built in 1955

Lot Details

  • 5,532

Home Design

  • Block Foundation
  • Vinyl Siding

Additional Features

  • 1-Story Property
  • 5,532 Sq Ft Lot
  • Basement

Community Details

  • Clarks Brookside Gardens Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, insurance, lawncare, sewer, all utilities
  • The owner pays for inshazard, taxes
  • Assessor Parcel Number 490733172013000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,082

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Bungalow/Shotgun
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1955
  • Co List Office Phone: 866-973-6660
  • Lot Size Acres: 0.127
  • Road Frontage Type: City Street
  • Road Surface Type: Concrete
  • Structure Type: Duplex
  • Subdivision Name: CLARKS BROOKSIDE GARDENS
  • Inspection Warranties: General
  • Property Description: Very charming and spacious Duplex near Little Flower neighborhood. One side is remodeled and ready to be moved into and live for next nothing. Very reliable tenant on south side or rent both for a great investment income. Near bus line.
  • Transaction Type: Sale
  • Unit Count: 1
  • Conversion: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: One
  • Owner Pays: InsHazard, Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Gross Area Sq Ft: 1456
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Not Applicable
  • Foundation Details: Block
  • Road Access: CityStreet

Garage/Parking

  • Unit Parking: On Street,Paved Area

Utilities

  • Solid Waste: 0
  • HVAC: Forced air Gas

Lot Info

  • Property Attached Yn: Yes
  • Parcel Number: 490733172013000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Access Street,Busline
  • Lot Number: 66
  • Lot Size: 5,532

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Cable TV, Insurance, Lawncare, Sewer, All Utilities

Tax Info

  • Tax Annual Amount: 1082
  • Semi Annual Property Tax Amt: 541
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2020
Sold by
Rickey Jon
Bought by
Good Timber Llc
Current Estimated Value
$143,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,270,000
Outstanding Balance
$1,853,255
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$1,710,255

Purchase Details

Closed on
Dec 18, 2020
Sold by
Ricky Jon
Bought by
Good Timber Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,270,000
Outstanding Balance
$1,853,255
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$1,710,255

Purchase Details

Listed on
Jun 26, 2020
Closed on
Jul 24, 2020
Sold by
Rutz Lawrence A
Bought by
Rickey Jon
Seller's Agent
Lisa Meulbroek
Liberty Real Estate, LLC.
Buyer's Agent
Hayley Wild
Compass Indiana, LLC
List Price
$799,000
Sold Price
$85,500
Premium/Discount to List
-$713,500
-89.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%
Original Mortgage
$75,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2015
Sold by
Strong Hope Llc
Bought by
1717 Colorado Family Land Trust

Purchase Details

Closed on
Jul 14, 2008
Sold by
Rutz Lawrence A
Bought by
Strong Hope Llc
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
Good Timber Llc -- None Listed On Document
Good Timber Llc -- None Available
Rickey Jon $85,500 Centurion Land Title, Llc
1717 Colorado Family Land Trust -- None Available
Strong Hope Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Good Timber Llc $3,270,000
Previous Owner Rickey Jon $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2020 07/24/20 Sold $85,500 +7.0% $102 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
06/26/2020 06/26/20 Price Changed $79,900 -90.0% $95 / Sq Ft
06/26/2020 06/26/20 For Sale $799,000 -- $951 / 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 $3,023 $122,400 $7,600 $114,800
2023 $3,023 $122,400 $7,600 $114,800
2022 $2,814 $114,200 $7,600 $106,600
2021 $2,271 $93,400 $7,600 $85,800
2020 $1,277 $50,200 $7,600 $42,600
2019 $1,194 $45,800 $7,600 $38,200
2018 $1,431 $75,200 $7,600 $67,600
2017 $1,672 $73,600 $7,600 $66,000
2016 $1,154 $95,000 $7,600 $87,400
2014 $945 $92,800 $7,600 $85,200
2013 $2,073 $92,800 $7,600 $85,200
Source: Public Records

Agents Affiliated with this Home

  • Lisa Meulbroek

    Seller's Agent in 2020

    Lisa Meulbroek

    Liberty Real Estate, LLC.

    (317) 372-5059

    1 in this area

    193 Total Sales

    Lisa Meulbroek
    Section Image

  • C

    Seller Co-Listing Agent in 2020

    Chris Meulbroek

    Liberty Real Estate, LLC.

    (317) 372-5059

    1 in this area

    169 Total Sales

    Chris Meulbroek
    Section Image

  • H

    Buyer's Agent in 2020

    Hayley Wild

    Compass Indiana, LLC

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21721437

MIBOR Broker Listing Cooperative®

APN: 49-07-33-172-013.000-101

Indiana Marion County Indianapolis 46218 Near Eastside

1717 N Colorado Ave, Indianapolis, IN

Not Listed for Sale

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