NOT LISTED FOR SALE

2003 W Michigan St Indianapolis, IN 46222

Stringtown Neighborhood

Estimated Value: $145,000 - $198,000

2 Beds
-- Bath
1,362 Sq Ft
$131/Sq Ft Est. Value

Last Sold December 17, 2018

Last sale price $70,000 $51 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $1,303/month

116 Days on Market

About This Home

As of December 2018

Great opportunity for investor or owner. Live on one side and rent out the other side. This duplex offers on each side 3 bedrooms, 1 bath, living room, family room, formal dining room, basement for storage, covered porch, kitchen and parking in the rear. This property is close to downtown and IUPUI campus. Unit 2001 has 1 1/2 bath

Last Listed By

Janese Bingham

Carpenter, REALTORS® License #RB14050491 Listed on: 06/28/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $720

Year Built

  • Built in 1910

Lot Details

  • 5,118

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 5,118 Sq Ft Lot
  • Basement

Community Details

  • M Wilcox 1St Sub Fatouts Add Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 491103124021000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$720

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: Two Story
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1910
  • Lot Size Acres: 0.1175
  • Subdivision Name: M WILCOX 1ST SUB FATOUTS ADD
  • Inspection Warranties: Not Applicable
  • Property Description: Great opportunity for investor or owner. Live on one side and rent out the other side. This duplex offers on each side 3 bedrooms, 1 bath, living room, family room, formal dining room, basement for storage, covered porch, kitchen and parking in the rear. This property is close to downtown and IUPUI campus. Unit 2001 has 1 1/2 bath
  • Transaction Type: Sale
  • Unit Count: 2
  • Conversion: 0
  • Special Features: None

Interior Features

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

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Driveway Gravel
  • List Price: 105000

Garage/Parking

  • Unit Parking: Covered,On Street

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 1200

Lot Info

  • Parcel Number: 491103124021000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Sidewalks,Street Lights
  • Lot Number: 60
  • Lot Size: 5120

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 720
  • Semi Annual Property Tax Amt: 360
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2018
Closed on
Dec 17, 2018
Sold by
Bingham Eugene
Bought by
Lona Douglas Marlon and Lona Douglas
Seller's Agent
Janese Bingham
Carpenter, REALTORS®
Buyer's Agent
Mark Coffey Jr.
Keller Williams Indy Metro S
List Price
$125,000
Sold Price
$70,000
Premium/Discount to List
-$55,000
-44%
Total Days on Market
116
Current Estimated Value
$178,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,197
Avg. Annual Appreciation
14.57%
Original Mortgage
$45,000
Outstanding Balance
$40,178
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$126,791

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in the area

  • 2507 Rader St, Indianapolis, IN 46208

    $149,900

    • 1 Bed
    • 1 Bath
    • 2507 Rader St
    • Indianapolis, IN

    INVESTOR SPECIAL! Note: this is a package of three structures (2 parcels) containing a single family home, duplex and corner shop. Single is a 1 bed, 1 bath. Duplex has 2, 1 bedroom units (possibly could be converted into 2 bedrooms). Shopfront on the corner is spacious and provides several different possibilities. All structures need work, but are priced accordingly.

    Barry Hines Realty Wealth Advisors

    Section Image
  • 2446 Paris Ave, Indianapolis, IN 46208

    $145,000

    • 2 Beds
    • 1 Bath
    • 2446 Paris Ave
    • Indianapolis, IN

    Investors and house hackers-this is the opportunity you've been waiting for! This two-story duplex in the Near NW-Riverside neighborhood offers two 2-bed, 1-bath units, each with 588 sq. ft. of living space. Whether you're looking to add to your rental portfolio or live in one unit while renting out the other, this property has endless potential. The vinyl exterior keeps maintenance simple, while

    Terry Young Red Bridge Real Estate

    Section Image
  • 638 Eugene St, Indianapolis, IN 46208

    $142,000

    • 1 Bed
    • 1 Bath
    • 638 Eugene St
    • Indianapolis, IN

    ** Highly Motivated Seller!** NO REALTOR SIGN IN THE YARD Duplex with 1 bed, 1 bath, living room and kitchen on each side in the near West side . This property was recently renovated with newer kitchen, bathroom on both sides. Fresh paint throughout property with NEW Vinyl Water-proof flooring. HVAC and Hotwater heaters are also newer in both units. Some electrical and plumbing updates were

    Kendrick Major Alliance Enterprise Services, LLC

    Section Image
  • 2862 Highland Place, Indianapolis, IN 46208

    $215,000

    • 2 Beds
    • 1 Bath
    • 2862 Highland Place
    • Indianapolis, IN

    Great investment opportunity in an increasingly popular area. 2bd 1bath both sides with fresh, modern updates. One side is leased making this an instant cash flowing property. Numerous ceiling fans, formal dining room and ample natural light make for very comfortable living! Large backyard creates numerous possibilities.

    Virginia Iozzo Epique Inc

    Section Image
  • 1305 W 36th St, Indianapolis, IN 46208

    $175,000

    • 1 Bed
    • 1 Bath
    • 1305 W 36th St
    • Indianapolis, IN

    Investor alert! Really nice turnkey duplex across the street from the historical Golden Hill. Close to Newfields, Crown Hill and downtown. Great location for students, nurses and anyone looking for a cozy urban retreat. Inviting covered front porch to watch the world go by! Inside you will find original hardwood floors and arched doorways. Even a murphy bed closet for extra storage! One

    Pamela Brown PMI Indianapolis

    Section Image
  • 3046 Central Ave, Indianapolis, IN 46205

    $175,000

    • 3 Beds
    • 1 Bath
    • 3046 Central Ave
    • Indianapolis, IN

    A unique investment opportunity is available, featuring 2-unit property with both units vacant. Perfect for living on one side and renting the other, each unit offers 3 bedrooms and 1 bathroom.

    Kelly Wood RE/MAX At The Crossing

    Section Image
  • 31 N Walcott St, Indianapolis, IN 46201

    $139,000

    • 2 Beds
    • 1 Bath
    • 31 N Walcott St
    • Indianapolis, IN

    Outstanding duplex investment opportunity at 31 & 33 N Walcott St, Indianapolis, IN 46201-positioned just minutes from Downtown, the Monon Trail, and the Bottleworks District. This side-by-side duplex features two units, each offering 2 bedrooms and 1 full bathroom, with a combined 2,052 sq ft of living space on a 5,489 sq ft lot.Unit 31 N is in good, rent-ready condition with updated LVP

    Steven Koleno Beycome Brokerage Realty LLC

    Section Image
  • Unlisted Address

    $200,000

    • 2 Beds
    • 1 Bath

    This well-maintained duplex is an excellent investment opportunity or to add to your portfolio, with both units currently rented and generating cash flow. All showings need to be after 5:30 Monday-Friday or anytime on the weekend. Seller needs a 8-hour notice is required for all showings. This duplex is located near all the amenities downtown has to offer and the property's prime location makes

    Sherry Johnson A.L.G. Real Estate Group, LLC

    Section Image
See All Homes in Indianapolis

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
Lona Douglas Marlon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lona Douglas Marlon $45,000
Previous Owner Bingham Eugene E $65,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2018 12/17/18 Sold $70,000 -33.3% $51 / Sq Ft
10/23/2018 10/23/18 Pending -- -- --
09/11/2018 09/11/18 Price Changed $105,000 -16.0% $77 / Sq Ft
06/28/2018 06/28/18 For Sale $125,000 -- $92 / 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 $3,779 $178,100 $3,500 $174,600
2023 $3,779 $153,500 $3,500 $150,000
2022 $3,760 $153,500 $3,500 $150,000
2021 $2,406 $98,500 $3,500 $95,000
2020 $2,329 $94,900 $3,500 $91,400
2019 $1,718 $67,300 $3,500 $63,800
2018 $1,344 $51,100 $3,500 $47,600
2017 $1,052 $43,700 $3,500 $40,200
2016 $1,030 $43,700 $3,500 $40,200
2014 $867 $40,100 $3,500 $36,600
2013 $900 $40,100 $3,500 $36,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Janese Bingham

    Carpenter, REALTORS®

    (317) 374-0813

    9 Total Sales

    Janese Bingham
    Section Image
  • Mark Coffey Jr.

    Buyer's Agent in 2018

    Mark Coffey Jr.

    Keller Williams Indy Metro S

    (317) 400-9258

    390 Total Sales

    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21577246

MIBOR Broker Listing Cooperative®

APN: 49-11-03-124-021.000-101

Indiana Marion County Indianapolis 46222 Stringtown

2003 W Michigan St, Indianapolis, IN

Homes for Sale in Indianapolis, IN

This home is located at 2003 W Michigan St, Indianapolis, IN 46222 since 28 June 2018 and is currently estimated at $178,197, approximately $130 per square foot. This property was built in 1910. 2003 W Michigan St is a home located in Marion County with nearby schools including William Penn School 49, George Washington Community High School (9-12), 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.

Nearby Homes