NOT LISTED FOR SALE

1801 S Meridian St Indianapolis, IN 46225

Old Southside Neighborhood

Estimated Value: $300,000 - $325,000

3 Beds
-- Bath
1,500 Sq Ft
$208/Sq Ft Est. Value

Last Sold March 02, 2023

Last sale price $279,000 $186 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,091/month

31 Days on Market

About This Home

As of March 2023

A great opportunity for investors currently cash flowing at $1290/$1225 a side, perfect opportunity to live in one side and rent the other or continue renting both and have the potential for a rent increase. Both units have their own laundry as well. Also, a detached 2 car garage available with the property. Close to downtown Indy, restaurants, and entertainment.

Last Agent to Sell the Property

Nicholas Bush

My Agent License #RB17001392 Listed on: 12/06/2022

Last Buyer's Agent

Nicholas Bush

My Agent License #RB17001392 Listed on: 12/06/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,738

Year Built

  • Built in 1918

Lot Details

  • 4,443

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Washer and Dryer Hookup
  • Basement

Additional Features

  • 4,443 Sq Ft Lot
  • Separate Meters

Community Details

  • Ayres S Meridian St Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for ins hazard, insurance, taxes
  • Tax Lot 4
  • Assessor Parcel Number 491113112004000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,738

Year Built

Built in 1918

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Other, TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2022
  • Year Built: 1918
  • Lot Size Acres: 0.102
  • Structure Type: Duplex
  • Subdivision Name: Ayres S Meridian St
  • Inspection Warranties: Other
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: niabush26@gmail.com
  • Multi Rooms: 12
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Ins Hazard, Insurance, Insurance, Taxes
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Brick, Concrete Perimeter
  • List Price: 279000

Garage/Parking

  • Garage Spaces: 2
  • Unit Parking: 2 Car Garage

Utilities

  • Utilities: Gas, Sewer Connected, Water Connected
  • Cooling: Separate Meters
  • Laundry Features: Connections All
  • Security Features: Smoke Alarm
  • Solid Waste: No

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Street Lights
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Lot Size Sq Ft: 4443
  • Parcel Number: 491113112004000101
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 30180
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4738
  • Tax Lot: 4
  • Semi Annual Property Tax Amt: 2369
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2022
Closed on
Feb 28, 2023
Sold by
Bassett Kim J
Bought by
Bush Glen and Bush Sheryl A
Seller's Agent
Nicholas Bush
My Agent
Buyer's Agent
Nicholas Bush
My Agent
List Price
$279,000
Sold Price
$279,000
Views
78
Current Estimated Value
$312,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,443
Avg. Annual Appreciation
2.89%
Original Mortgage
$273,946
Outstanding Balance
$266,023
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$34,107

Purchase Details

Listed on
Jun 17, 2020
Closed on
Oct 22, 2020
Sold by
Dhanoa Gurpreet
Bought by
Bassett Kim J
Seller's Agent
Harvir Kaur
eXp Realty, LLC
Buyer's Agent
Tim Young
United, REALTORS®
List Price
$199,000
Sold Price
$175,000
Premium/Discount to List
-$24,000
-12.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.85%
Original Mortgage
$181,300
Interest Rate
2.8%
Mortgage Type
VA
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
Bush Glen $279,000 Lenders Escrow & Title
Bassett Kim J $175,000 Meridian Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bush Glen $273,946
Previous Owner Bassett Kim J $181,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2023 03/02/23 Sold $279,000 0.0% $186 / Sq Ft
01/07/2023 01/07/23 Pending -- -- --
12/06/2022 12/06/22 For Sale $279,000 +59.4% $186 / Sq Ft
10/23/2020 10/23/20 Sold $175,000 -12.1% $117 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $199,000 0.0% $133 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $199,000 +4.7% $133 / Sq Ft
04/22/2019 04/22/19 Sold $190,000 -9.1% $113 / Sq Ft
04/06/2019 04/06/19 For Sale $209,000 +10.0% $125 / Sq Ft
03/31/2019 03/31/19 Off Market $190,000 -- --
12/29/2018 12/29/18 Price Changed $209,000 +100.0% $125 / Sq Ft
12/29/2018 12/29/18 For Sale $104,500 -- $62 / 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 $5,295 $288,200 $8,300 $279,900
2023 $5,295 $218,800 $8,300 $210,500
2022 $5,942 $245,900 $8,300 $237,600
2021 $4,738 $199,600 $8,300 $191,300
2020 $3,290 $136,400 $8,300 $128,100
2019 $2,193 $75,900 $4,200 $71,700
2018 $1,913 $75,000 $4,200 $70,800
2017 $3,192 $71,500 $4,200 $67,300
2016 $5,138 $67,000 $4,200 $62,800
2014 $1,341 $62,000 $4,200 $57,800
2013 $822 $57,500 $4,200 $53,300
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Bush

    Seller's Agent in 2023

    Nicholas Bush

    My Agent

    (317) 690-2856

    1 in this area

    13 Total Sales

    Nicholas Bush
    Section Image
  • Harvir Kaur

    Seller's Agent in 2020

    Harvir Kaur

    eXp Realty, LLC

    (317) 417-9012

    1 in this area

    165 Total Sales

    Harvir Kaur
    Section Image

  • T

    Buyer's Agent in 2020

    Tim Young

    United, REALTORS®

    Section Image
  • Parm Singh

    Seller's Agent in 2019

    Parm Singh

    Midland Realty Group, Inc.

    (917) 543-9538

    50 Total Sales

    Parm Singh
    Section Image

  • N

    Buyer's Agent in 2019

    Non-BLC Member

    MIBOR REALTOR® Association

    Non-BLC Member
    Section Image

  • I

    Buyer's Agent in 2019

    IUO Non-BLC Member

    Non-BLC Office

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21896013

MIBOR Broker Listing Cooperative®

APN: 49-11-13-112-004.000-101

Indiana Marion County Indianapolis 46225 Old Southside

1801 S Meridian St, Indianapolis, IN

This home is located at 1801 S Meridian St, Indianapolis, IN 46225 since 06 December 2022 and is currently estimated at $312,443, approximately $208 per square foot. This property was built in 1918. 1801 S Meridian St is a home located in Marion County with nearby schools including Daniel Webster School 46, George Washington Community High School No. 721, 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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