NOT LISTED FOR SALE

1922 Lexington Ave Indianapolis, IN 46203

Fountain Square Neighborhood

Estimated Value: $199,000 - $208,000

2 Beds
-- Bath
1,344 Sq Ft
$151/Sq Ft Est. Value

Last Sold March 16, 2017

Last sale price $87,000 $65 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $1,494/month

54 Days on Market

About This Home

As of March 2017

Wow! Here is an amazing opportunity to own a Duplex in the Fountain Square area. Home values continue to rise in this area. Featuring 3 bedrooms 1 bath for each unit. There is a basement for each separate unit. 1924 has had fresh paint and carpet put in about two months ago. Both units have washers and dryers for each unit. Current tenants pay all utilities as there are separate meters for Elec, Gas, and Water.

Last Agent to Sell the Property

Stephen Barton

Real Broker, LLC License #RB14052302 Listed on: 01/18/2017

Real Broker, LLC

Last Buyer's Agent

Charles Barker

United Real Estate Indpls

United Real Estate Indpls

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 5,445

Parking

  • 1 Car Garage

Home Design

  • Block Foundation
  • Aluminum Siding

Additional Features

  • 2-Story Property
  • 5,445 Sq Ft Lot
  • Basement

Community Details

  • Caven & Rockwood Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 491007120126000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Bi-Level, Doub-Duplx
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1910
  • Lot Size Acres: 0.125
  • Road Frontage Type: City Street
  • Subdivision Name: CAVEN & ROCKWOOD
  • Inspection Warranties: Not Applicable
  • Property Description: Wow! Here is an amazing opportunity to own a Duplex in the Fountain Square area. Home values continue to rise in this area. Featuring 3 bedrooms 1 bath for each unit. There is a basement for each separate unit. 1924 has had fresh paint and carpet put in about two months ago. Both units have washers and dryers for each unit. Current tenants pay all utilities as there are separate meters for Elec, Gas, and Water.
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • F H A Certified: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: Insurance, Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: ConnAll

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Aluminum Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 95900
  • Road Access: CityStreet
  • Interstate: Ramp1-3mi

Garage/Parking

  • Garage Spaces: 1
  • Unit Parking: 2 Car Garage
  • Auto Parking: 2

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 3000

Lot Info

  • Current Use: Apt<20
  • Parcel Number: 491007120126000101
  • Zoning: Residential R-2
  • Acres: <1/4 Acre
  • Lot Information: Access Alley
  • Lot Number: 38
  • Lot Size: 5,445

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Net Operating Income: 10200
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2194
  • Semi Annual Property Tax Amt: 1097
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools
  • Schools: William McKinley School 39 Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2023
Sold by
Perera Marcos C and Perera Laura N
Bought by
Perera Real Estate Llc-S Series 1922 & 1924 L
Current Estimated Value
$203,500

Purchase Details

Listed on
Jan 18, 2017
Closed on
Mar 16, 2017
Sold by
Burnett Monique
Bought by
Perera Marcos C and Perera Laura N
Seller's Agent
Stephen Barton
Real Broker, LLC
Buyer's Agent
Charles Barker
United Real Estate Indpls
List Price
$95,900
Sold Price
$87,000
Premium/Discount to List
-$8,900
-9.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.38%
Original Mortgage
$65,250
Interest Rate
4.19%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Perera Real Estate Llc-S Series 1922 & 1924 L -- --
Perera Marcos C $87,000 --
Perera Marcos C $87,000 Hocker And Associates
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perera Marcos C $221,200
Previous Owner Perera Marcos C $65,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2017 03/16/17 Sold $87,000 0.0% $65 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
02/13/2017 02/13/17 Off Market $87,000 -- --
02/06/2017 02/06/17 For Sale $95,900 +10.2% $71 / Sq Ft
01/26/2017 01/26/17 Off Market $87,000 -- --
01/18/2017 01/18/17 For Sale $95,900 -- $71 / 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 $4,614 $190,800 $23,000 $167,800
2023 $4,614 $188,700 $23,000 $165,700
2022 $4,265 $174,900 $23,000 $151,900
2021 $3,753 $156,900 $23,000 $133,900
2020 $3,318 $137,600 $23,000 $114,600
2019 $3,273 $131,700 $2,900 $128,800
2018 $2,999 $119,100 $2,900 $116,200
2017 $2,537 $112,300 $2,900 $109,400
2016 $2,310 $104,200 $2,900 $101,300
2014 $1,926 $87,900 $2,900 $85,000
2013 $1,857 $87,900 $2,900 $85,000
Source: Public Records

Agents Affiliated with this Home

  • Stephen Barton

    Seller's Agent in 2017

    Stephen Barton

    Real Broker, LLC

    (317) 694-4774

    4 in this area

    26 Total Sales

    Stephen Barton
    Section Image

  • C

    Buyer's Agent in 2017

    Charles Barker

    United Real Estate Indpls

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21460657

MIBOR Broker Listing Cooperative®

APN: 49-10-07-120-126.000-101

Indiana Marion County Indianapolis 46203 Fountain Square

1922 Lexington Ave, Indianapolis, IN

This home is located at 1922 Lexington Ave, Indianapolis, IN 46203 since 18 January 2017 and is currently estimated at $203,500, approximately $151 per square foot. This property was built in 1910. 1922 Lexington Ave is a home located in Marion County with nearby schools including William McKinley School 39, 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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