NOT LISTED FOR SALE

1919 Madison Ave Indianapolis, IN 46225

Bates-Hendricks Neighborhood

Estimated Value: $230,267

1.05 Acres
$218,677 Price per Acre
45,869 Sq Ft Lot

Last Sold January 19, 2018

Last sale price $125,000

Est. 84% increase in value since last sale

Current estimated payment $1,536/month

153 Days on Market

About This Lot

As of January 2018

Beautiful downtown view! Close to interstate and downtown. 1 Acre surfaced lot prime for development. Zoned I-4. Some possibilities are medical lab, comm & building contractors, heavy equipment sales, service & repair, wireless communication facility, heliport, automobile storage or auction, motorcycle & light vehicle service or repair, fleet terminal, commercial parking lot or garage, heavy outdoor storage. These are subject to use-specific standards of Marion County.

Last Agent to Sell the Property

Tamara Allen

Carpenter, REALTORS® License #RB14044342 Listed on: 05/18/2017

Carpenter, REALTORS®

Last Buyer's Agent

Tamara Allen

Carpenter, REALTORS® License #RB14044342 Listed on: 05/18/2017

Carpenter, REALTORS®

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $670

Lot Details

  • 1.05 Acre Lot

Community Details

  • H H Schroers Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 491113164009000101

Property Details

Property Type

Land

Est. Annual Taxes

$670

Lot Details

0

Listing Details

  • Type: Single Lot
  • Property Sub Type: Commercial Land
  • Property Type: Land
  • New Construction: No
  • Tax Year: 2016
  • Lot Size Acres: 1.053
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: H H SCHROERS ADD
  • Property Description: Beautiful downtown view! Close to interstate and downtown. 1 Acre surfaced lot prime for development. Zoned I-4. Some possibilities are medical lab, comm & building contractors, heavy equipment sales, service & repair, wireless communication facility, heliport, automobile storage or auction, motorcycle & light vehicle service or repair, fleet terminal, commercial parking lot or garage, heavy outdoor storage. These are subject to use-specific standards of Marion County.
  • Transaction Type: Sale
  • Website: http://www.indy.gov/eGov/City/DMD/Current/Documents/Ordinance%20Rev/Chapter%20743%20Uses%20USS%20-Footnoted%20050916%20-100%20pages.pdf
  • Special Features: None

Interior Features

  • Possible Use: AutoMisc, CommMulTen, CommSglTen, Industrial
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0

Exterior Features

  • Disclosures: Not Applicable
  • Topography: Level,SeeRemarks
  • Road Access: CityStreet
  • Water: See Remarks
  • Interstate: Ramp<1Mi

Utilities

  • Sewer: See Remarks
  • Solid Waste: 0
  • Storm Drain: 1

Lot Info

  • Current Use: Industrial
  • Development Status: See Remarks
  • Land Lease Y N: No
  • Parcel Number: 491113164009000101
  • Zoning: I-4
  • Acres: 1-3 Acres
  • Lot Number: 0
  • Lot Size: 45,869
  • Improvements: FenceMetal,StormSewer,PavedStr,SeeRemarks
  • Land Characteristics: City,Corner
  • Potential Zoning: Industrial,See Remarks
  • Present Zoning: Industrial
  • Divisible: 0
  • Gross Acres: 1.0500

Rental Info

  • Existing Lease: 0

Tax Info

  • Tax Annual Amount: 670
  • Semi Annual Property Tax Amt: 335
  • 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

Closed on
Jan 4, 2019
Sold by
Shelby Holdings Llc
Bought by
Shake Glen and 1919 Madison Trust
Current Estimated Value
$230,267

Purchase Details

Listed on
May 18, 2017
Closed on
Jan 19, 2018
Seller's Agent
Tamara Allen
Carpenter, REALTORS®
Buyer's Agent
Tamara Allen
Carpenter, REALTORS®
List Price
$500,000
Sold Price
$125,000
Premium/Discount to List
-$375,000
-75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.98%

Purchase Details

Closed on
Feb 19, 2016
Sold by
Marion County Board Of Commissioners
Bought by
T A K E 3 Investments

Purchase Details

Closed on
Jan 21, 2016
Sold by
Carlisle Corp
Bought by
Marion County
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
Shake Glen -- None Available
-- $125,000 --
Shelby Holdings Llc $125,000 Monument Title
T A K E 3 Investments $9,100 None Available
Marion County $5,404 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2018 01/19/18 Sold $125,000 -58.3% --
10/18/2017 10/18/17 Price Changed $300,000 -25.0% --
06/29/2017 06/29/17 Price Changed $400,000 -20.0% --
05/18/2017 05/18/17 For Sale $500,000 -- --
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 $3,996 $113,200 $79,100 $34,100
2023 $3,996 $113,200 $79,100 $34,100
2022 $3,828 $107,900 $79,100 $28,800
2021 $4,626 $95,000 $68,800 $26,200
2020 $3,557 $94,000 $68,800 $25,200
2019 $3,546 $92,900 $68,800 $24,100
2018 $3,248 $81,400 $57,300 $24,100
2017 $2,910 $80,600 $57,300 $23,300
2016 $662 $79,700 $57,300 $22,400
2014 $1,674 $57,300 $57,300 $0
2013 $1,858 $57,300 $57,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Tamara Allen

    Seller's Agent in 2018

    Tamara Allen

    Carpenter, REALTORS®

    (317) 625-1956

    9 Total Sales

    Tamara Allen
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21486710

MIBOR Broker Listing Cooperative®

APN: 49-11-13-164-009.000-101

Indiana Marion County Indianapolis 46225 Bates-Hendricks

1919 Madison Ave, Indianapolis, IN

Not Listed for Sale

Lots

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